Top 10 richest kings in Nigeria 2023

Being the top of a kingdom, those kings must ensure their images that represent their peoples and motherland. They inherit the thrones to live in honorable palaces.

Nigeria accommodates various traditional rulers who are influential and dignified persons in the society. This owes to a large extent to their positions in the society, and the amount of wealth they’ve been able to amass over time.

10 richest kings in Nigeria and the cars they ride in

Oba Obateru Akinrutan Net Worth $300 Million

Oba Obateru Akinruntan is the head of Ugbo, Ondo state. Besides being the royal leader of Ugbo, he owns Obat Petroleum, one of the largest private oil trading companies in Nigeria which controls Africa’s largest oil depots.

The Olugbo of Ugbo Kingdom made Forbes’ list as one of the wealthiest monarchs in Nigeria with his net worth estimated at 300 million USD.

Sa’adu Abubakar – Sultan of Sokoto Net Worth $100 Million

The list of richest kings in Nigeria can’t be complete without the Sultan of Sokoto – the most powerful ruler in the north and among the richest in Africa. He sits over the Sokoto Caliphate, making him the spiritual head of the Muslims in the country. He is also the co-chairman of the Nigerian Council of Traditional Rulers.

Sultan Abubakar served in the Military and retired as a Brigadier General

Lamido Sanusi Lamido – Emir of Kano Net Worth $80 Million

Now, who wouldn’t know the Emir of Kano, Lamido Sanusi Lamido? The Emir was once the governor of the Central Bank of Nigeria. That position alone attracted recognition, influence and wealth, not even to mention his financial investments and assets. He has been listed as one of the most influential people of the year by the renowned Time magazine.

The Emir of Kano is the second most powerful Emir in Northern Nigeria

As a business mogul, the Emir’s net worth is estimated at $80 million USD.

Oba Adeyeye Ogunwusi Eniitan- Ooni Of Ife Net Worth $70 Million

You sure have to accord the Oni of Ife some respect, if you’re to talk about him. Oba Adeyeye is influential in every meaning of it. The Ooni ranks as one of the most respected rulers in the world and holds a lot of power and authority in the Yoruba land. Besides his royal status, he is a successful real estate businessman and the Chancellor of the University of Nigeria, Nsukka. His net worth is estimated at about $70 Million, making him the 4th richest king in Nigeria.

The Ooni of Ife has a net worth of about $70 Million

Oba Ewuare II Ogidigan – Oba of Benin Net Worth $60 Million

Oba Ewuare is the traditional authority in the Benin state of Nigeria. He wields power and influence that cannot be undermined. He holds a degree of Economics from the University of Wales, UK, and a Master degree in Public Administration from Rutgers University Graduate School, New Jersey, USA. He is also Nigeria’s ambassador to a number of foreign countries. His net worth amounts to about 60 million USD.

The Oba of Benin is worth over N21 Billion

The Benin Monarch has a beautiful palace that is befitting of a first-class monarch who is the 40th Oba of the Benin Kingdom.

Oba Ewuare is the 40th Oba of the Benin Kingdom

Oba’s Palace is a befitting center of authority for the first-class monarch

Nnaemeka Alfred Ugochukwu Achebe – Obi of Onitsha Net Worth $50 Million

A notable monarch from the eastern part of Nigeria, the Obi of Onitsha has sure made a name for himself. Before being crowned, the Obi has served as executive director at Shell Petroleum Development Company and was once the Chancellor of Ahmadu Bello University, Zaria. Being the King sums it all up, and magnifies the equation altogether.

The Palace of the Obi of Onitsha is rated as one of the most beautiful palaces in Nigeria

Oba Lamidi Adeyemi – Alaafin of Oyo Net Worth $40 Million ~ ₦14.6 Billion)

The Alaafin of Oyo, Oba Lamidi Adeyemi is the monarch in the Oyo state of Nigeria. He ranks as the second most influential king in Yoruba land. His net worth is about 40 million USD, so it’s easy to tell that the Oba is loaded.

The Palace of the Alaafin of Oyo is categorized at a Historical Monument

Oba Babatunde Aremu Akiolu – Oba of Lagos Net Worth $40 Million

The Oba of Lagos is one traditional ruler we cannot overlook. He is just as wealthy. Having bagged his LL.B. degree from the University of Lagos and also served in the Nigerian Police Force for 32 years before ascending the throne. Oba Rilwan Babatunde Akiolu’s net worth is estimated at around 40 million USD. Not only that, his palace is worth 2 billion nairas. And that’s not even mentioning the other assets he has to his title or half of the other properties in his possession. 

The Oba of Lagos formerly served as an AIG in the Nigerian Police Force

The Palace of the Oba of Lagos is said to be worth about N2 billion

Godfrey Emiko – Olu of Warri Net Worth $30 Million

Godfrey Emiko, the Olu of Warri, falls among the richest kings in Nigeria with his net worth at 30 million USD. The Olu who has his domain in the Niger-delta region of Nigeria is known there to control gas and crude resources. Thus, we may link a part of his source to oil money, which is fair.

The Olu of Warri has a net worth of $30 Million

Reigning the Warri people, the king stays true to the faith his people have always laid in him.

Benjamin Ikenchuku Keagborekuzi I – Dein of Agbor Net Worth $10 Million

Benjamin Ikenchuku Keagborekuzi I is the royal leader of Agbor – a town in the oil-rich Delta state. He was crowned when he was 2 years and 4 months old following the sudden death of his father – the late Obi. He entered the Guinness Book as the youngest monarch in history. After coming back from the UK where he obtained multiple degrees and certificates, he is appointed as the Chancellor at the University of Ilorin – the youngest chancellor of this university.

Oba Obateru Akinrutan is currently the richest on our list of top 10 richest Oba’s In Nigeria, with an estimated Net Worth of $300 Million