A list of the richest Kings in the entirety of
Nigeria has been revealed and it will astonish
you to know.
Forbes have released list of the richest king in
Nigeria.
The Olugbo of Ugbo Kingdom, HRM Frederick
Obateru Akinruntan was named the richest
monarch in Nigeria.
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 the list which has the Ooni of Ife and the
Alaafin, Oba Akinruntan was rated to have an
estimated net worth of $300 million, while
Oba Sijuade’s 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.
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, the Oba is also 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.

source: https://peternewsonline..co.ke/2017/06/forbes-released-list-of-richest-kings.html?m=1

cc; lalasticlala