Meet the Richest King in Nigeria 2018

Oba-Akinrutan-richest-king-in-nigeria-nigerian-infopediaAre you wondering who the richest king in Nigeria 2018 is, then read on. It is no surprise that these powerful monarchs in Nigeria have undiluted wealth as they have businesses and investments scattered home and abroad.

According to Forbes rating, the current richest king in Nigeria is The Olugbo of Ugbo Kingdom, HRM Frederick Obateru Akinruntan. It will shock most people as to why the Oba Akinruntan beat the likes of the Alaafin of Oyo, the Sultan of Sokoto, the Ooni of Ife and the likes to emerge the wealthiest monarch in Nigeria.

Although, the likes of the Ooni of Ife and the Alaafin were included in the list of wealthiest monarchs in Africa, with Oba Akinruntan rated to have an estimated net worth of $300 million while Oba Sijuade estimated net worth is about $75 million. The Ooni of Ife has investments in construction, landed properties and oil while Oba Akinruntan is mostly into oil.


Why Oba Akinruntan is the Richest King in Nigeria 2018

Oba Akinruntan is owner of the largest petroleum depot in Africa. He also owns Obat Oil Company which he founded in 1981 alongside a gas station which has grown to over 60 gas stations across the nation.

Apart from Oil business, Oba Akinruntan is into real estate with Hotels in Abuja, buildings both home and abroad. He entered the history books in 2012 when he became the first black person to buy the 2014 model of Bentley which was accustomed only for Queen Elizabeth of England.

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These are the investments that makes Oba Akiruntan the richest king in Nigeria 2017 with an estimated net worth of $300 million this 2018


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  1. Sure our king Akinruntan Obaterun is honoured man and immensely rich,I which I can be like him,anyway all I need is money to start making my own and helping those who are in need like me presently, I need assist from our king because I know he is a philanthropist and Royal man. Pls I am from Ilaje I need assistance financially, the bible says there is more blessing in giving than receiving, pls help me establish my own business so I can be helping others account no.3097106620,Emayeola Fayowole first bank,God will preserve you as you assist me.

    1. Any ways thanks to sky bank for taken over obat oil plc

  2. Nice write up (97)

  3. Amobi ilonwa

    I quite appreciate the richest oba in nigeria.pls i have an ngo registered into health.i need to start work on it immediately,pls obat oil,i know you are a good man.i am from Imo state.i know u will do it for me,financial assistance,ilonwa amobi,zenith bank,1002551442.thank you oba.

  4. Bode George Williams

    please can you get me the current list of wealthy monarchs in Lagos. Please send it to my email

  5. aroh sandra

    Wao, dis is amazing, the youth yern for a good life, is not easy to make wealth. A benevolent king like you is who we need to help the youth in a time like dis. I for one, I need capital to do business. But not easy to get capital. Ideas alone cannot put food on our table until there is what we call capital. Sire, I need capital to start up. I will glad if I am one of those the king will decide to honour. Thank you sire.

  6. imagine that is why he compared his position with ooni anyway he was looking for recognition and popularity

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