Forbes have released list of the richest king in Nigeria. The Olugbo of Ugbo Kingdom, HRM Frederick Obateru Akinruntan was named the richest king in Nigeria.
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.
Credit: Information Nigeria