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In Nigeria, there are numerous ethnic groups, each with its own villages. Within these villages, there are several traditional rulers who hold the title of king or chief.
Many of these kings in Nigeria have amassed significant wealth through their positions and various business ventures.
Richest Kings In Nigeria 2023
This article focuses on the top 9 richest kings in Nigeria, providing information about the cars they own and their net worth.
Continue reading to discover more about these influential and affluent monarchs who have made it to the list of the wealthiest kings in Nigeria.
Benjamin Ikenchuku Keagborekuzi I — Dein of Agbor – $8 million
Benjamin Ikenchuku Keagborekuzi I, also known as the Dein of Agbor, is the royal leader of Agbor in Delta State. He inherited the throne at a very young age following the passing of his father.
As one of the wealthiest kings in Nigeria, he owns a luxurious collection of cars, including a 2015 Mercedes-Benz S550 Maybach.
Rilwan Babatunde Osuolale Aremu Akiolu—Oba of Lagos – $9 million
Rilwan Babatunde Osuolale Aremu Akiolu, also known as the Oba of Lagos, is a wealthy king in Nigeria. Prior to becoming the 21st Oba of Lagos in 2003, he served as an Assistant Inspector General of Police in Nigeria.
Throughout his reign, he has maintained his position as the Oba of Lagos. In addition to his royal status, the Oba of Lagos is known for his collection of cars, which includes a notable 2016 Mercedes-Benz S550.
Olu of Warri – $10 million
The coronation of Utieyinoritsetsola Emiko, the new king of the Warri Kingdom in Delta State, has garnered attention online. The 37-year-old king, also known as Tsola Emiko, comes from a royal lineage and has ambitious plans to make his reign memorable for his people.
Born on April 2, 1984, in Delta, Warri State, Tsola Emiko owns a collection of cars, including a customized Rolls Royce Phantom and Bentley Continental.
In addition to his royal status, Tsola Emiko is also known for his wealth. He owns a collection of cars, including a customized Rolls Royce Phantom and Bentley Continental. With his net worth and luxurious possessions, the Olu of Warri exemplifies his status and aspirations for his reign.
Nnaemeka Alfred Ugochukwu — Obi of Onitsha – $60 million
Nnaemeka Alfred Ugochukwu, the 21st Obi of Onitsha in Anambra State, is a wealthy king in Nigeria. In addition to his royal title, he serves as the chancellor of Ahmadu Bello University and was previously the chancellor of Kogi State University.
With a net worth of $60 million, the Obi of Onitsha owns a collection of luxury cars, including a notable 2016 Rolls-Royce.
Oba Ewuare II Ogidigan — Oba of Benin – $65 million
Oba Ewuare II, the current Oba of Benin, was crowned in 2016.
Prior to his ascension to the throne, he had a distinguished career, including working with the United Nations and serving as Nigeria’s Ambassador to several countries. Oba Ewuare II is known for his luxurious lifestyle, which includes owning a collection of high-end cars. One of his notable luxury cars is a 2016 Rolls-Royce Phantom, valued at ₦150 million.
Oba Adeyeye Ogunwusi Enitan Ooni Of Ife – $70 million
Oba Adeyeye Ogunwusi Enitan is the current traditional ruler of Ile-Ife in Osun, Nigeria. He comes from the Giesi Ruling House of Ojaja Royal Compound of Agbedegbede in Ile-Ife. In 2015, he became the Ooni of Ife after the passing of Oba Okunade Sijuwade.
Aside from his role as a traditional ruler, Oba Adeyeye is also an entrepreneur. He has been actively involved in the development of over 2,500 housing units in Nigeria and has opened a renowned resort in Lagos. Additionally, he played a key role in establishing the largest Lead and Aluminum recycling plant in Nigeria.
In terms of his personal possessions, Oba Adeyeye is known to have a collection of luxury cars. Some of the notable vehicles in his garage include a 2011 Rolls-Royce Phantom, two Bentleys, and a Mercedes Benz S550.
Sa’adu Abubakar Sultan of Sokoto – $100 million
Sa’adu Abubakar, the Sultan of Sokoto, is one of the richest kings in Nigeria with a net worth of $100 million. He became the 20th Sultan of Sokoto after his brother’s passing, Muhammadu Maccido.
In his earlier years, he served as a second Lieutenant in the Armoured Corps and was part of a presidential security unit that protected General Ibrahim Babangida, the military ruler of Nigeria at the time.
He also had significant military roles, including commanding a battalion of African peacekeepers in Chad during the 1980s and serving as the Military Liasion Officer for ECOWAS in the mid-1990s.
Oba Obateru Akinruntan – $300 million
Oba Obateru Akinruntan, the Olugbo of Ugbo in Ondo State, Nigeria, is not only a prominent Yoruba monarch but also the wealthiest king in the country. He gained his wealth through his oil business, Obat Oil, which he founded in 1981.
Today, Obat Oil operates over 50 fuel stations in Nigeria and owns one of Africa’s largest tank farms, capable of storing over 65 million liters of petroleum. According to Forbes, the net worth of the Olugbo of Ugbo is estimated to be $300 million.
In addition to his vast wealth, the king also possesses a collection of luxury vehicles, including a 2014 Bentley Mulsanne worth 100 million Naira and a 2012 Rolls-Royce similar to that of Queen Elizabeth II.
