Richest King In Nigeria 2018/2019 And Top 5 Richest Kings in Nigeria
When it comes to the matter of who is the richest king today in Nigeria? That question is no longer a news or a big deal again amongst Nigerians because there a lot of several wealthy traditional rulers also referred to as kings in Nigerian and with their constant display of their wealth via social media has become difficult to actually point out who is the richest among these kings. This has resulted in contemplation of many people out there wondering who is the king in Nigeria this year 2019. Well you don’t have to be bordered that much as this publication will portray that which you need to know about the richest kings in Nigeria. First of all, most we are going to disclose to you who is the richest king in Nigeria 2018/2019. Even as we will go further to enlighten you and show you the top 5 richest kings in Nigeria which will come alongside their profile and as well their net-worth.
In time immemorial, Nigerian was been headed by traditional rulers who are in charge of their tertiary with their boundaries clearly indicated. When civilization finally came, there was a revolution of how the country is going to be governed and they later adopted a system of government whereby the president of the country oversees all affairs of the country while the governors are in charge at the state level.
Also, the modern system of government in Nigeria today also gives room to rule over the subject within a restricted length. Nigerian traditional rulers often derive their titles from the rulers of independent states or communities that existed before the formation of modern Nigeria. However, they lack formal political power, they continue to command respect from their people and have considerable influence.
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When we talk about titles, there are currently 521 different languages native to Nigeria, there is an accountable number of titles for traditional rulers. Looking at the northern Muslim states, “Emir” is commonly used in the English language, but names in the local languages include Sarki, Shehu, Mai, Lamido, etc. When we take you to Edo State, Oba is the title of the Benin Kingdom paramount ruler while “Enogie” (enigie for plural) is ascribed to his dukes within the Benin Kingdom. Then Okao (ikao for plural) and “Odionwere” are ascribed to his governors and senior elders respectively.
Meet the Richest King in Nigeria 2017 | The Wealthiest Nigerian Traditional Ruler
There have been a very heated contemplation and deliberation on who is the richest king/kings in Nigeria mainly by some curious Nigerian citizens who have picked interest in knowing the famous and wealthiest Nigeria’s traditional rulers. When this debate pops up, their judgment found to base on sentiment which you and I know that it is not a good one to be able to ascertain who is the richest among these traditional rulers (king). And this has made them failed to arrive at a reasonable fact. Well the trending news today is that Forbes has been able to lunch out the list of richest kings in Nigeria 2019. And according to the popular magazine, Olugbo of Ugbo Kingdom, HRM Frederick Obateru Akinruntan is the current richest kings in the country with an estimated net worth of $300 million. 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 Nigerian monarch.
Meanwhile, the likes of the Ooni of Ife and the Alaafin were also made mention of as one of the wealthiest monarchs in Africa, but Oba Akinruntan was placed high above others on the list with an estimated net worth of $300 million while Oba Sijuade secured his spot with an estimated net worth is $75 million. Needful to say, The Ooni of Ife has investments in construction, landed properties and oil while Oba Akinruntan is mostly into oil. He is also the owner of the largest petroleum depot in Africa. As if that investment is not enough, he also behind Obat Oil Company which he founded in 1981 alongside a gas station which has grown to over 60 gas stations across the nation.
Oba Okunade Sijuwade (Ooni of Ife, Osun state) mainly invested in construction, landed properties and oil, Frederick Obateru Akinruntan on the other hand invested mostly oil and that is where his money comes from. If you are still wondering why Oba Akinruntan is crowned the wealthiest Nigerian monarch then i will take more minutes to introduce you to this Billionaire king. He owns the largest petroleum depot in Africa. He founded his Obat Oil Company in 1981 alongside many gas station amounting to 60 last time i checked.
Aside Oil business, Billionaire Oba Akinruntan is also into real estate, with Hotels in Abuja, buildings both home and abroad. He made history in 2012 when he became the first black person to acquire the 2014 model of Bentley which was accustomed only for Queen Elizabeth of England. Oba Akinruntan who is crowned the richest monarch 2018/2019 have an estimated net worth of $300 million plus according to Forbes.
Well, Now that we have successfully unveiled the Richest among nigeria traditional rulers (Kings) in Nigeria 2018/2019, we shall now then list out the top 5 most wealthy kings in Nigeria today. see the breakdown list below here.
1. Oba Obateru Akinruntan
There is no doubt , Obateru Akinruntan is the richest Nigerian monarch 2017 . He is the Olugbo of Ugbo Land, a town located in Ondo State. His heavy income is realized from his crude oil business. He founded his Obat Oil Company in the year 1981 alongside a gas station which now has over 60 branches all over the country.
2. Oba Adeyeye Ogunwusi Eniitan
Oba Adeyeye Ogunwusi Eniitan is the newly unveiled monarch of Ife Kingdom. He is popular addressed as the Ooni of Ife, is a very successful business man before he became the Ooni of Ife. The king who was born on the 17th of October 1974 is an accountant and a real estate developer who became more prominent after he was crowned the king of Ife. He is a successor of Oba Okunade Sijuwade who was the former kings before he passed.
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3. Sultan of Sokoto
The new Sultan of Sokoto is “Saad Abubakar” and he is also considered as one of the most influential kings in Nigeria. Saad Abubakar is head all the Muslims people in Nigeria which means that his titled makes him a religious leader as well. When it comes to religious settings , his leadership and influence cut across boundaries of Sokoto as he is also well respected in Africa at large.
4. Emir of Kano
This is another popular traditional title in Nigeria which is more relevant in the Northern Nigeria. The new Emir of Kano is the formerly the governor of Central Bank of Nigeria “Sanusi Lamido Sanusi” . His crown have earned him a new name which is “Mallam Muhammad Sanusi II” and he is highly respected by the people of Kano state and beyond. Any body that holds this title automatically becomes the head of the whole Kano Emirate. Mallam Sanusi is the successor of late Alhaji Dr. Ado Bayero who served for 51 years before passing away.
5. Alaafin Oyo
Alaafin Oyo is another wealthy Nigerian monarch occupying the 5th spot on our list of richest Nigerian kings. Lamidi Olayiwole III took over from late Alaafin Gbadegeshin Ladigbolu II. He was birthed on the of October 1938 , he is also one of the most powerful and influential kings in Nigeria today . He owns many house and his fleet of cars is eye-catchy.
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We are hoping to increase this list to top 10 as soon as possible
That’s all on the Top 10 richest Kings In Nigeria 2018…. source sunnews.us