The Olugbo of Ugbo Kingdom, HRM Frederick Obateru Akinruntan has emerged as the richest king in Nigeria according to Forbes rating.

Oba Akinruntan beat the Ooni of Ife, Oba Okunade Sijuade to emerge the wealthiest monarch in Nigeria.

According to Forbes magazine, Oba Akinruntan and Oba Sijuade were mentioned as one of the 5 wealthiest monarchs in Africa.

Forbes magazine recently listed them on their list of 5 wealthiest monarchs in Africa.ObaAkinruntan is rated to have an estimated net worth of $300million whilethat of Oba Sijuade isplaceat not less than $75 million.

The Ooni of Ife has business interest in construction, property and oil while Oba Akinruntan is mainlyintooil.

ObaAkinruntan is the founder of Obat Oil and he is said to own the largest petroleum depot ‎in Africa.
ObaAkinruntan startedObat Oil Companyin Okitipupa, Ondo State in 1981 with a gas station which was to meet the needs of his immediate family and neighboring communities.

OBAT Oil has now grown to more than 50 gas stations across Nigeria.

His company also has one of the largest tank farms in Africa- a modern storage facility that has the capacity to store 65 million liters of petroleum products.

Aside the oil and gas business, Oba Akinruntan is also into real estate as he has choice buildings in London and across Nigeria including the landmark Febson Hotels and Mall in the Central Business District of Abuja
ObaObateru Akinrutan became the Olugbo of Ugbo land, a small oil-rich community in Ondo state in 2009 and that was a prophecy comes true.

Beside his eye popping immense wealth, the respected traditional ruler is a man of class, taste and style. He oozes sheer sophistication as he possesses arrays of luxury cars in his sprawling and magnificent palace.

He made history in 2012 when he emerged as the first black person to buy the 2014 model of Bentley which was made solely for Queen Elizabeth of England in the belief that other people would wait till 2014 to ride it. But Oba Akinruntan shocked all by buying the same version in 2012.

ObaAkinruntan also has a custom built 2012 Rolls Royce similar to that of Queen Elizabeth II.
And just as he has dazzled all on land, he is also dazzling people onwaterand this cannot be far-fetched. He was born and bred in ariverinearea before he become a king of ariverinearea where long before now there was no motorable road. They travelled bywater thushis love for travelling on water.

ObaAkiruntan is alleged to control some of the most expensive yachts in the country.

He sits atop a business conglomerate with interests in petroleum, shipping, construction, fishery, tourism and hospitality, consultancy services and water purification and production.

Since his emergence as the king of Ugbo Kingdom, Oba Akiruntan’s eldest son, Prince Akinfemiwa Akinrutan, has been the managing director of the company while the king assumedpostof the Chairman of the oil company.

Credit: HITZONTV

http://esabod..in/2015/07/meet-richest-king-in-nigeria-olugbo-of.html?spref=fb&m=1

Cc...lalasticlala

I won get ooo
FTC for the second tym today.

To the king, welcome to the club

Cheers!!!

May God bless our hussles.

A rich man in the midst of poor people is a poor man .

Did his wealth benefited his people?

Hmmmmm

u mean yoruba kings are also amongst d richest in Africa.
ao r they getting d Money?

na front page material b dis

Why r they advertising him to d evil Kidnapers of this country?

HMMMM

who e don help??...lolzz

In Ayefele's voice..... alaga largest depot ni West Africa

I'm joining him very soon!!!!!!!

I remember him...that's obat oil himself!

We Hear

Afrocandy threathens to expose ”peacher’ married men

[url]proudlyweb.com/afrocandy-threathens-to-expose-peacher-married-men[/url]

Fun fact: I'm a prince.

The owner of obat oil

The tribalist where are thou art?

Is it me or are this forbs people jobless

What are we going to do with this information naa.

How does this solve the present issues in nigeria.

Obateru once boost of having a $1m (#197m) wrist watch among the things he cherished most.

Simple question how many has he changed there lives in a positive way

Buying a Bentley 2012 which the money that would have been used to feed thousands and if that Bentley get burnt so the money gets wasted


The owner of Facebook mark zuckerberg a billionaire at 23, and one of the youngest self made billionaires doesn't have a Bentley.

If the king had focused more and channelled his wealth in helping the poor it would have been better than wasting it on materials that has no value in the long run

God will bless you to bless others, God makes you a financial giant so you can change the life's of thousands because God him self can't come down and give you such materials but will use common men like the king just mentioned above

I pray that we all remember our purpose on this earth and not to be blinded by material things
www.

Onijagidijagan:
u mean yoruba kings are also amongst d richest in Africa.
ao r they getting d Money?

na front page material b dis

dont bring tribalistic comment here, abeg. Let peace reign.

He makes money and he's not afraid to spend it.

He bought the tittle with moni.

OK

I hope no one turns this to a tribal thread

funmijoyb:
Why r they advertising him to d evil Kidnapers of this country?

HMMMM

as heavy as that man is?Them no fit.

Hmmmmm

one day, I will get there.