Top 10 richest Kings in Nigeria 2025 and their net worth
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Joy EmehWriter| Editor| Content Strategist
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Nigeria's monarchial 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 10 richest kings in Nigeria in 2025.
As the head of the kingdom, kings in Nigeria must ensure that they live 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 and rich kings in the nation are seen as dignified personalities by citizens.
Do not be surprised when you see some of these richest kings arrive on special occasions with convoys of expensive cars. Most of them have amassed wealth over time, thus making them popular and rich kings.
If you have you ever wondered who the richest kings in Nigeria are, Let's take a deep dive and find out the top ten richest kings in Nigeria and their net worth in 2025.
1. Oba Obateru Akinrutan - The Olugbo of Ugbo - Net worth $300 million
The number one richest king in Nigeria in 2025 is Oba Obateru Akinrutan, the Olugbo of Ugbo in the Yoruba kingdom.
Oba Obateru Akinruntan is the head and traditional ruler of Ugbo in Ondo State. Apart from his role as a traditional ruler, Oba Akinruntan is also a business mogul. He is the owner of Obat Petroleum, one of Nigeria's largest private oil trading companies.
In early 2025, there was rumor about Oba Obateru Akinrutan heath but this was debunked by his son, Prince Abayomi Akinruntan. Oba Obateru Akinrutan also made an official address from London on the 11th of February to confirm that he is alive, strong, and healthy.
Oba Obateru Akinrutan's 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) is built-in line with the standards of that of the Queen of England.
Oba Obateru Akinrutan's 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. This gives him the first position on the list of the top 10 richest kings in Nigeria.
2. Sa'adu Abubakar - The Sultan of Sokoto - Net worth - $100 million
Sa'adu Abubakar, the Sultan of Sokoto, is the second richest king in Nigeria in 2025.
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 sits over the Sokoto Caliphate, thus making him the most powerful traditional ruler in the north and 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 to the throne in 2016, following his predecessor, Sultan Miccado.
Through out his reign, he has proven to be a leader who has the interest of his people at heart. In fact, on the 3rd of April, 2025 during a homage to Governor Ahmed Aliyu, he huge all Governors to treat all Nigerians in their state as indigenes.
Sa'adu Abubakar's cars
Sa'adu Abubakar, the Sultan of Sokoto, has a fleet of cars to himself. However, the most remarkable is his Rolls-Royce (2017 model).
Sa'adu Abubakar's Net worth
The Sultan of Sokoto's net worth is estimated at $100 million. Sa'adu Abubakar net worth ranks him high on this list of the top 10 richest kings in Nigeria.
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3. Lamido Sanusi Lamido - The Emir of Kano - Net worth - $80 million
Sanusi Lamido Sanusi is the third richest king in Nigeria. Almost everyone in Nigeria would know Lamido Sanusi Lamido, the Emir of Kano. He was governor of the Central Bank of Nigeria.
The position as the governor of CBN alone attracted him both national and international recognition, wealth, and influence. He has lots of assets and has made many investments.
Time Magazine had listed him as one of the most influential people, and judging by his net worth, he is one of the richest kings in Nigeria.
However, Sanusi's path in leadership hasn't been all rosy. In March 2020, Sanusi was dethroned by the former Governor of Kano state, Abdullahi Umar Ganduje and waas replaced by Aminu Ado Bayero.
Report has it that Sanusi was dethrone as a result of his disrespect towards the then Governors office.
In may 2024, Sanusi was reinstated by Governor Abba Kabir Yusuf the current Governor of Kano state.
Sanusi Lamido Sanusi's 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 had 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 he could afford luxury cars and indeed boast of possessing fleets of cars.
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 in his possession a 1952 Rolls-Royce Silver Wraith ALW 11, which is an inherited car passed down from 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 raking him #3 on our list of the top 10 richest kings in Nigeria.
4. Oba Adeyeye Ogunwusi Enitan - The Ooni of Ife - Net worth - $70 million
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 Yoruba land. You must indeed accord him some respect when addressing him.
Apart from the authority and power he holds in Yoruba land, the Ooni is also rated as one of the most respected rulers in the world.
Besides 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 is not only rich but powerful and influential. Just recently on the 1st of April 2025, he endorsed Prince Adefowora as the Alaketu-designate for Ketu Land in Lagos State.
These endorsement shows how influential Oba Adeyeye Ogunwusi is in the yoruba kingdom.
Oba Adeyeye Ogunwusi Enitan's 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).
Aside from Rolls-Royce, he also owns a Mercedes-Benz S550 and two Bentleys.
Oba Adeyeye Ogunwusi Enitan's net worth
Oba Adeyeye Ogunwusi Enitan, the Ooni of Ife, is worth about $70 million, thus putting him on the list of the top 10 richest kings in Nigeria.
5. Oba Ewuare II Ogidigan - The Oba of Benin Net worth - $65 million
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 Master's 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 standards of a world-class monarch. Oba Ewuare II Ogidigan is the 40th Oba of the Benin Kingdom.
HRM Oba Ewuare II Ogidigan is the chancellor of National Open University of Nigeria. NOUN. He was appointed in April 2024.
On March 31, 2025, Oba Ewuare II Ogidigan appointed a new Okao Eguae, Chief Emmanuel Iyase over important territories in Benin.
Also, Oba Ewuare II Ogidigan is one of those kings who love culture and tradition. He showcased this by inaugurating a state of the art cultural center in Benin in March 2025.
Oba Ewuare II Ogidigan's 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 top 10 richest kings in Nigeria as his net worth amounts to about $65 million.
6. Nnaemeka Alfred Ugochukwu Achebe - The Obi of Onitsha - Net worth - $50 million
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 in the eastern part of Nigeria.
This monarch has made a name for himself in royalty and business. He was once the Chancellor of Ahmadu Bello University, Zaria, and served as executive director at Shell Petroleum Development Company.
Nnaemeka Alfred Ugochukwu Achebe had been the chairman of the Anambra State Traditional Rulers Council but in January 2025, Governor Chukwuma Soludo the current governor of Anambra State appointed a new chairman Igwe Chidubem Iweka to replace Nnaemeka Alfred Ugochukwu Achebe sparking reactions among some of the counsel members.
Nnaemeka Alfred Ugochukwu Achebe's 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 no 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.
7. Ogiame Atuwatse III - Orlu of Warri - Net worth - $50 million
Ogiame Atuwatse III is the seventh richest king in Nigeria. Ogiame Atuwatse III is the traditional ruler of Warri. He is ranked as one of the most influential kings.
Ogiame Atuwatse III was crowned king in 2021 after the demise of king Ogiame Ikenwoli who was also one of the richest kings in Nigeria before his demise in December 2020.
Ogiame Atuwatse III is currently 41 years old and he is the youngest king on our list of the top 10 richest kings in Nigeria. In March 2025, Ogiame Atuwatse III inaugurated an art exhibition by Dr. John Edwin Debebs underscoring his love for art and culture.
Ogiame Atuwatse III's cars
Ogiame Atuwatse III is a lover of expensive cars. He owns Rolls-Royce Phantom, Mercedes-Benz S-Class, Lexus LX 57, among other cars.
Ogiame Atuwatse III's net worth
Ogiame Atuwatse III's net worth is about $50 million. This placed him on the list of the top 10 richest kings in Nigeria.
8. Oba Babatunde Aremu Akiolu - The Oba of Lagos - Net worth - $40 million
Oba Babatunde Aremu Akiolu is the eighth richest king in Nigeria. He is the Oba of Lagos and one of the traditional rulers in Nigeria who 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 served in the Nigerian Police Force for 32 years before he ascended.
The palace of the Oba of Lagos alone is worth over 2 billion naira. The king himself has many assets in his possession. Just recently in January 2025, Preident Bola Tinubu visited Oba Babatunde Aremu Akiolu highlighting the relationship between the government and traditional institution.
Oba Babatunde Aremu Akiolu's 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.
9. Benjamin Ikenchuku Keagborekuzi I - The Dein of Agbor - Net worth - $10 million
Benjamin Ikenchuku Keagborekuzi I is the ninth 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 his father's death. Thus, his name entered the Guinness Book as the youngest monarch.
He earned multiple degrees and certificates in the United Kingdom, and on his return, he was appointed the Chancellor of 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 a plain black Mercedes Benz S550 Maybach (2015 model) worth about N65m.
Benjamin Ikenchuku Keagborekuzi I net worth
Benjamin Ikenchuku Keagborekuzi I, the Dein of Agbor, is worth $10 million thus, he made it to the list of the top 10 richest kings in Nigeria.
10. Saheed Elegushi - The Elegushi of Ikate - Net worth - $500,000
Saheed Elegushi, the Elegushi of Ikate is the tenth richest king in Nigeria. He is rated as one of the top 10 richest kings in Nigeria because of his affluence.
He reigns in the Eti-Osa Local Government Area of Lagos State, Nigeria and controls land, development, economic, community affairs etc. in that region.
It would be fair to say that part of this king's wealth comes from the these sectors which he controls.
In March 2025, Saheed Elegushi celebrated his 15 years as king and launched a N200 million empowerment program to support students and small and medium scale enterprises in the community.
Saheed Elegushi's cars
Just like other kings on our list of top 10 richest kings in Nigeria, Saheed also owns fleet of expensive cars including 1960 Cadillac De Ville Sedan. Rolls-Royce Phantom:, Rolls-Royce Cullinan worth over N600 million, BMW 7 Series Sedan, etc.
Saheed Elegushi's net worth
Being one of the richest kings in Nigeria, the the Elegushi of Ikate has a net worth estimated at $500,000.
Number | Name | Title | State | Net Worth |
|---|---|---|---|---|
1 | Oba Obateru Akinrutan | The Olugbo of Ugbo | Ondo | $300 million |
2 | Sa'adu Abubakar | The Sultan of Sokoto | Sokoto | $100 million |
3 | Lamido Sanusi Lamido | The Former Emir of Kano | Kano | $80 million |
4 | Oba Adeyeye Ogunwusi Enitan | The Ooni of Ife | Osun | $70 million |
5 | Oba Ewuare II Ogidigan | The Oba of Benin | Benin | $65 million |
6 | Nnaemeka Alfred Ugochukwu Achebe | The Obi of Onitsha | Anambra | $50 million |
7 | Ogiame Atuwatse III | Orlu of Warri | Delta | $50 million |
8 | Oba Babatunde Aremu Akiolu | The Oba of Lagos | Lagos | $40 million |
9 | Benjamin Ikenchuku Keagborekuzi I | The Dein of Agbor | Delta | $10 million |
10 | Saheed Elegushi | The Elegushi of Ikate | Lagos | $500,000 |
Number | Name | Title | State | Net Worth |
|---|---|---|---|---|
1 | Oba Obateru Akinrutan | The Olugbo of Ugbo | Ondo | $300 million |
2 | Sa'adu Abubakar | The Sultan of Sokoto | Sokoto | $100 million |
3 | Lamido Sanusi Lamido | The Former Emir of Kano | Kano | $80 million |
4 | Oba Adeyeye Ogunwusi Enitan | The Ooni of Ife | Osun | $70 million |
5 | Oba Ewuare II Ogidigan | The Oba of Benin | Benin | $65 million |
6 | Nnaemeka Alfred Ugochukwu Achebe | The Obi of Onitsha | Anambra | $50 million |
7 | Ogiame Atuwatse III | Orlu of Warri | Delta | $50 million |
8 | Oba Babatunde Aremu Akiolu | The Oba of Lagos | Lagos | $40 million |
9 | Benjamin Ikenchuku Keagborekuzi I | The Dein of Agbor | Delta | $10 million |
10 | Saheed Elegushi | The Elegushi of Ikate | Lagos | $500,000 |