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Top 10 richest kings in Nigeria, networth and kingdoms

Emeh Joy
By Emeh Joy

Basic Medical Scientist, Freelance Health Writer, Lifestyle Blogger and Business Enthusiast

In Nigeria, the monarchy system is still highly regarded as many kingdoms bow to hail their kings. Let's see the top 10 richest kings in Nigeria as well as their networth.

The top ten richest kings (monarchs) in Nigeria

In Nigeria, the monarchy system is still highly regarded as many kingdoms bow to hail their kings. Kings accumulate lots of wealth in Nigeria, so we want to look at the top ten richest kings in Nigeria.

As the head of the Kingdom, kings in Nigeria must ensure that they live an exemplary life and see that their image represents the people they lead, the culture, and their motherland.

Nigeria is home to many kingdoms, and thus, many influential kings in the nation are seen as dignified personalities amongst citizens.

Don't be surprised when you see some of these kings arrive on special occasions with convoys of expensive cars. Most of them have amassed wealth over time; thus, making them wealthy kings.

Have you ever wondered who the richest kings in Nigeria are? Let's see the top ten richest kings in Nigeria as well as their networth.

1. Oba Obateru Akinrutan - The Olugbo of Ugbo

The number one richest king in Nigeria is Oba Obateru Akinrutan, the Olugbo of Ugbo in the Yoruba kindgom.

Oba Obateru Akinrutan, the Olugbo of Ugbo in the yoruba kingdom is the richest king in Nigeria

Oba Obateru Akinruntan is the head and traditional ruler of Ugbo in Ondo state. Asides from his role as a traditional ruler, Oba Akinruntan is also a business mogul. He is the owner of Obat Petroleum, one of the largest private oil trading companies in Nigeria.

Oba Obateru Akinrutan cars:

The Olugbo of Ugbo, the richest king in Nigeria, owns and rides a Bentley Mulsanne (2014 model) valued at over N100m and a customised Rolls-Royce (2012 edition) which is built in line with the standard of that of the Queen of England.

Oba Obateru Akinrutan net worth:

According to Forbes' list, the Olugbo of Ugbo kingdom whom we rate as the richest king in Nigeria has an estimated net worth of 300 million dollars (N117 billion).

This gives him the first position in the list of the top 10 richest kings in Nigeria.

2. Sa'adu Abubakar - The Sultan of Sokoto

Sa'adu Abubakar, the Sultan of Sokoto, is the second richest king in Nigeria.

Undoubtedly, the Sultan of Sokoto is among the richest kings in Nigeria and also among the richest in Africa. The Sultan of Sokoto is, in fact, the most powerful ruler in the northern part of Nigeria.

Sa'adu Abubakar, the Sultan of Sokoto is the second richest king in Nigeria

Sa'adu Abubakar sits over the Sokoto Caliphate, thus making him not only the most powerful traditional ruler in the north but also the spiritual head of the Muslims in Nigeria.

Sa'adu Abubakar, the Sultan of Sokoto, the second richest King in Nigeria, is also the Nigerian Council of Traditional Rulers co-chairman. He is the 20th Sultan of Sokoto and ascended the throne in 2016 following the death of his predecessor, Sultan Miccado.

Sa'adu Abubakar cars:

Sa'adu Abubakar, the Sultan of Sokoto, has fleets of cars to himself. However, the most remarkable of them all is his Rolls-Royce (2017 model).

Sa'adu Abubakar Net worth

The Sultan of Sokoto's networth is estimated at 100 million USD (N39 billion). This ranks him high in this list of the top 10 richest kings in Nigeria.

3. Lamido Sanusi Lamido - The Former Emir of Kano

Sanusi Lamido Sanusi, the former governor of the Central Bank of Nigeria is the third richest King in Nigeria

Sanusi Lamido Sanusi is the third richest king in Nigeria.

Almost everyone in Nigeria would know Lamido Sanusi Lamido, the former Emir of Kano. He was governor of the Central Bank of Nigeria.

The position as the governor of CBN alone attracted to him both national and international recognition, wealth and influence. He has lots of assets and has made many investments.

Time Magazine had enlisted him as one of the most influential people, and judging by his networth, he is one of the richest kings in Nigeria.

Sanusi Lamido Sanusi cars:

The former Emir of Kano, Sanusi Lamido Sanusi, was the second most powerful monarch in the north after the Sultan of Sokoto even though he has received constant attacks from the Kano state governor, Ganduje.

Kano State Governor Umar Ganduje in March 2020 removed Sanusi Muhammad II as the emir of Kano, months after the relationship between the two went sour.

With a yearly salary of N14 million when he was Emir, he trusts that he can afford luxury cars and indeed boast of possessing fleets of cars.

Not long ago, he acquired the latest Rolls-Royce, which got many Nigerians talking as the car is worth millions of dollars.

Asides from the new model Rolls-Royce, Sanusi also has to his possession a 1952 Rolls-Royce Silver Wraith ALW 11, which is an inherited car passed down the generation of Emirs of Kano.

Sanusi Lamido Sanusi's net worth

The former Emir and business tycoon's net worth is estimated at 80 million USD (N31.2 billion).

4. Oba Adeyeye Ogunwusi Enitan - The Ooni of Ife

Oba Adeyeye Ogunwusi Enitan, the Ooni of Ife is the fourth richest king in Nigeria

Oba Adeyeye Ogunwusi Enitan, the Ooni of Ife, is the fourth richest king in Nigeria.

Oba Adeyeye Ogunwusi Enitan is a very influential king in the Yoruba land. You must indeed accord him some respect when addressing him.

Asides from the authority and power he holds in the Yoruba land, the Ooni is also rated one of the most respected rulers in the world.

Asides from being royalty, Oba Adeyeye Ogunwusi Enitan is also the Chancellor of the University of Nigeria Nsukka and a businessman in the real estate industry.

Oba Adeyeye Ogunwusi Enitan cars

The Ooni of Ife owns many cars, particularly expensive foreign models. One of the grandest of all in his fleet of cars is his Rolls-Royce Phantom (2011 model).

Asides from Rolls-Royce, he also owns a Mercedes Benz S550 and 2 Bentleys.

Oba Adeyeye Ogunwusi Enitan's net worth

Oba Adeyeye Ogunwusi Enitan, the Ooni of Ife, is worth about 70 million USD (N27.3 billion), thus putting him in the list of the top 10 richest kings in Nigeria.

5. Oba Ewuare II Ogidigan - The Oba of Benin

Oba Ewuare II Ogidigan, the Oba of Benin is the fifth richest king in Nigeria

Oba Ewuare II Ogidigan is the traditional ruler of the Benin Kingdom and the fifth richest king in Nigeria. He wields an enormous deal of power, authority and influence.

Oba Ewuare II Ogidigan holds a degree in Economics from the University of Wales, UK and a Masters degree in Public Administration from Rutgers University Graduate School, New Jersey, USA.

The Oba of Benin is also Nigeria's ambassador to some foreign nations. He lives in a beautiful palace built to the standard of a world-class monarch. Oba Ewuare II Ogidigan is the 40th Oba of the Benin Kingdom.

Oba Ewuare II Ogidigan cars:

In addition to his other cars, the Oba of Benin owns a Rolls-Royce Phantom (2016 model), which is worth over N150 million.

Oba Ewuare II Ogidigan's net worth

Oba Ewuare II Ogidigan's is one of Nigeria's top 10 richest kings as his net worth amounts to about 60 million USD (N23.5 billion).

6. Nnaemeka Alfred Ugochukwu Achebe - The Obi of Onitsha

Nnaemeka Alfred Ugochukwu Achebe, the Obi of Onitsha is notably the sixth richest king in Nigeria

Nnaemeka Alfred Ugochukwu Achebe is the Obi of Onitsha and is recorded as the sixth richest king in Nigeria. He is undoubtedly one of the most prominent monarchs from the eastern part of Nigeria.

This monarch has made a name for himself in the royalty world and the business world. He was once the Chancellor of Ahmadu Bello University, Zaria, and served as executive director at Shell Petroleum Development Company.

Nnaemeka Alfred Ugochukwu Achebe cars

Nnaemeka Alfred Ugochukwu Achebe, the Oba of Onitsha is one of the richest kings in Nigeria. Amongst his top cars is a Rolls-Royce (2016 model) priced at not less than N100m.

Nnaemeka Alfred Ugochukwu Achebe's net worth

The Obi of Onitsha, one of the top 10 richest kings in Nigeria, is worth about 50 million USD (N19.5 billion).

7. Oba Lamidi Adeyemi - The Alaafin of Oyo

Oba Lamidi Adeyemi, the Alaafin of Oyo is the seventh richest king in Nigeria

Oba Lamidi Adeyemi is the seventh richest king in Nigeria. Oba Lamidi Adeyemi is the Alaafin and traditional ruler of Oyo State. In the Yoruba land, he is ranked as the second most influential king.

The Alaafin, who is also known for his many beautiful wives, lives a flamboyant lifestyle. The Alaafin's palace has over 200 buildings and has been deemed a historical monument by foreign and local experts.

Oba Lamidi Adeyemi cars:

Oba Lamidi Adeyemi is a lover of SUVs. He owns a Toyota Land Cruiser, a Lexus GX 470 and a stretched Limousine, among other cars.

Oba Lamidi Adeyemi's net worth

Oba Lamidi Adeyemi's net worth is placed at about 40 million USD (N15.6 billion). This placed him on the list of the top 10 richest kings in Nigeria.

8. Oba Babatunde Aremu Akiolu - The Oba of Lagos

Oba Babatunde Aremu Akiolu, the Oba of Lagos is the eighth richest king in Nigeria

Oba Babatunde Aremu Akiolu is the eight richest king in Nigeria. He is the Oba of Lagos and one of the traditional rulers in Nigeria that cannot be overlooked. Of course, he is one of the richest kings in Nigeria.

The wealthy king had bagged his LL.B. degree from the University of Lagos and also served in the Nigerian Police Force for 32 years before he ascended.

The palace of the Oba of Lagos alone is worth as much as 2 billion nairas. The king himself has many assets in his possession.

Oba Babatunde Aremu Akiolu cars:

One of the top cars in the garage of this Lagos state monarch is a 2016 Mercedes-Benz S550 which is priced at over N34m.

Oba Babatunde Aremu Akiolu's net worth

Oba Babatunde Aremu Akiolu's net worth is estimated at 40 million USD (N15.6 billion).

9. Godfrey Emiko - The Orlu of Warri

Godfrey Emiko, the Orlu of Warri also makes it to the list of top 10 richest kings in Nigeria

Godfrey Emiko, the Orlu of Warri, is the ninth richest king in Nigeria. He is rated one of the top 10 richest kings in Nigeria because of his affluence.

He reigns in the Niger-delta region of Nigeria and controls oil and gas resources in that region.

It will be fair to say part of this king's wealth comes from the oil and gas sector.

Godfrey Emiko cars

It seems Godfrey Emiko, the Orlu of Warri, is not into cars as he's hardly spotted in luxury cars. It is notable to say that for this king, he doesn't need fancy cars to show off his wealth.

Godfrey Emiko's net worth

Being one of the richest kings in Nigeria, the Orlu of Warri has a net worth estimated at 30 million USD (N11.7 billion).

10. Benjamin Ikenchuku Keagborekuzi I - The Dein of Agbor

Benjamin Ikenchuku Keagborekuzi I, the Dein of Agbor is the tenth richest king in Nigeria

Benjamin Ikenchuku Keagborekuzi I is the tenth richest king in Nigeria.

Benjamin Ikenchuku Keagborekuzi is the traditional leader of Agbor in Delta state. He was crowned king when he was just two years old following the death of his father. Thus, his name entered the Guinness Book as the youngest monarch in history.

He earned multiple degrees and certificates in the United Kingdom, and on his return, he was appointed the Chancellor at the University of Ilorin. He became the youngest chancellor of the university.

Benjamin Ikenchuku Keagborekuzi I cars:

This royal leader of Agbor has been spotted riding in plain black Mercedes Benz S550 Maybach (2015 model) worth about N65m.

Benjamin Ikenchuku Keagborekuzi I networth

Benjamin Ikenchuku Keagborekuzi I, the Dein of Agbor, is worth an estimated 10 million USD (N3.9 billion); thus, he made it to the list of the top 10 richest kings in Nigeria.

Top 10 richest kings in Nigeria, their Names, States and Net Worth in Tabular Form

Number

Name

Title

Name

1

Oba Obateru Akinrutan

The Olugbo of Ugbo

Ondo

2

Sa'adu Abubakar

The Sultan of Sokoto

Sokoto

3

Lamido Sanusi Lamido

The Former Emir of Kano

Kano

4

Oba Adeyeye Ogunwusi Enitan

The Ooni of Ife

Osun

5

Oba Ewuare II Ogidigan

The Oba of Benin

Benin

6

Nnaemeka Alfred Ugochukwu Achebe

The Obi of Onitsha

Anambra

7

Oba Lamidi Adeyemi

The Alaafin of Oyo

Oyo

8

Oba Babatunde Aremu Akiolu

The Oba of Lagos

Lagos

9

Godfrey Emiko

The Orlu of Warri

Delta

10

Benjamin Ikenchuku Keagborekuzi I

The Dein of Agbor

Delta