Updated : The Richest Kings in Nigeria & Africa 2016/2017
There are several Kings in Nigeria and Africa at large but the issue here is that who is the richest among them . This article takes us to the question of today ”Who is The Richest King in Nigeria And Africa 2016/2017” ? . By the way, the richest King in Nigeria 2016/2017 is Oba Obateru Akinrutan (Olugbo of Ugbo land, Ondo state) while the richest king in Africa 2016/2017 is King Mohammed VI, Morocco .
Recently an article was published by American business magazine , Forbes revealing the wealthiest king in Africa at large. According to the article , it pointed to King Mohammed VI, of Morocco as the richest King in Africa 2016 . King Mohammed VI, from Morocco is only the richest in Africa but there are other wealthy Kings in Africa that their names would ring bell in your ears . Looking carefully on this list , the second richest King in Africa is Oba Obateru Akinrutan, Ugbo Land, Nigeria . For those of you who doesn’t know this king , he is from Nigeria infact there are several billionaire kings in Nigeria . We also have another Nigerian king securing the 3rd spot .
Our intention here is to make this article more comprehensive and clear , on this ground we are going to be listing out the five (5) richest Kings in Africa 2016/2017 after that we will go ahead to list out the richest Kings in Nigeria 2016/2017 .
Recently Forbes an American business magazine released a list of the richest Kings in Africa and two Nigerian monarchs made the list . Their names appeared on the list accompanied with their respective net worth .
Top 5 Richest King in Africa 2016/2017
1. King Mohammed VI, Morocco
Estimated net worth according to Forbs : $2 billion
Means of Wealth Accumulation ==> Investments
2. Oba Obateru Akinrutan, Ugbo Land, Nigeria
Estimated net worth according to Forbs : $300 million
Means of Wealth Accumulation ==> Oil
3 . Alayeluwa Oba Okunade Sijuwade, Olubuse II, Ile-Ife, Nigeria
Estimated net worth according to Forbs : At least $75 million
Means of Wealth Accumulation ==> Construction, Property, Oil
4. King Mswati III, Swaziland
Estimated net worth according to Forbs : At least $50 million
Means of Wealth Accumulation ==> Investments
5. Otumfuo Osei Tutu II, Ashanti, Ghana
Estimated net worth according to Forbs : $10 million
Means of Wealth Accumulation ==> Mining Equipment, Property, Jewelry
Now that we are done revealing the Top 5 Richest King in Africa 2016/2017, it is now time to unveil The Richest Kings in Nigeria 2016/2017 .
1. Oba Obateru Akinrutan (Olugbo of Ugbo land, Ondo state)
History has it that in time past Oba Okunade Sijuwade (Ooni of Ife, Osun state) was leading as the richest king in Nigeria but the most recent progress is what we are using as a basis of judge . As far as this year 2016 is concerned , Oba Obateru Akinrutan is the richest king in Nigeria . Oba Obateru Akinrutan major investment are in oil , construction and property and he the founder of Obat Oil and he owns the biggest petroleum deport in Africa . He is the traditional ruler of Ugbo land, a small, oil-rich community in Ondo state .
He ventured into business when he opened a small gas station in 1981 to meet the needs of his family and community. He started this company from the scratch , the small oil station that he opened grew bigger and better , it has now become one of Nigeria’s largest private oil companies, Obat Oil, which comprises over 50 petrol stations all over Nigerian cities . He has other investment like real estate ,he also owns the Febson Hotels and mall in Central Business District, Abuja. he has houses in Nigeria and London . Oba Akinrutan was the first black person to acquire the 2014 model of Bentley. He acquired the car in 2012 , as at that time it was only the Queen of England that had the car .
2. Oba Okunade Sijuwade (Ooni of Ife, Osun state)
Oba Okunade Sijuwade is one of the most successful businessmen in Nigeria despite having important task of protecting the poeple in his community . He became the Ooni of Ife in 1980 . He started from the very grass root just like every other business men in Nigeria , his first business venture was WAATECO, an automotive distribution business that imported vehicles and vehicle spare parts into Nigeria. Before he became a king he as long been into business , he ventured into business in 1964 when he established his first company . After his first investment he decided to strech his investment by building Motel Royal Hotel and invested heavily in real estate .
The name of his company is Sijuwade Group , it cut accross into many other investments like oil and gas, construction, hospitality, and property development industries. Oba Sijuwade estimated net worth according to Forbes is $75 million
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