Hey this is just an Excerpt from the post you can check the content The Richest King in Yoruba Land (2021)
The richest king in Yoruba land is what this post seeks to explain. This wealthy Yoruba monarch is the only one from the list of obas in Yoruba land to emerge as the richest king in Nigeria currently according to Forbes ranking.
The richest Yoruba king in Nigeria is the Olugbo of Ugbo Kingdom, HRM Frederick Obateru Akinruntan. Although, he is not the most powerful Oba in Yoruba land, but his wealth and assets beat that of the current Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, the Alaafin of Oyo, Lamidi Adeyemi to emerge the wealthiest Oba in Nigeria with a net worth of $300 million according to Forbes.
The major source of Oba Akinruntan wealth is oil. He is the founder and owner of OBAT Oil which he started as a gas station in 1981 at Ondo state, Nigeria. The oil company now has more than 50 gas stations in Nigeria. Apart from this, he also owns the largest petroleum depot in Africa.
Oba Akinruntan OBAT Oil company houses one of largest tank farms in Africa that has the ability to save 70 million liters of petroleum products. He has landed properties both in Nigeria and even in London. He is also into real estate and owns a popular hotel located in the Federal Capital Territory, Abuja.
Oba Obateru Akinrutan was crowned the Olugbo of Ugbo land in Ondo state in the year 2009 which makes him one of the most respected Obas in Yoruba land. This wealthy Yoruba monarch is man of taste, class and sure knows how to enjoy his riches. He has a luxury of cars inside his palace. He entered the history books when he became the first black person in 2012 to buy the 2014 model of Bentley which Queen Elizabeth of England rode.
It is rumored that the richest Yoruba King in Nigeria also owns the most expensive yachts in Nigeria as he loves traveling by water. His kingdom, Ugbo kingdom is also a riverine area where he grew. He is also among the list of top 50 people in Nigeria.
2.Alaafin of Oyo
The Alaafin of Oyo, Oba Lamidi Adeyemi is the monarch in the Oyo state of Nigeria. He ranks as the second most influential king in Yoruba land. His net worth is about 40 million USD, so it’s easy to tell that the Oba is loaded.
3.Ooni of Ife
You sure have to accord the Oni of Ife some respect, if you’re to talk about him. Oba Adeyeye is influential in every meaning of it. The Ooni ranks as one of the most respected rulers in the world and holds a lot of power and authority in the Yoruba land. Besides his royal status, he is a successful real estate businessman and the Chancellor of the University of Nigeria, Nsukka. His net worth is estimated at about $70 Million, making him the 4th richest king in Nigeria.
4.Oba of Lagos
The Oba of Lagos is one traditional ruler we cannot overlook. He is just as wealthy. Having bagged his LL.B. degree from the University of Lagos and also served in the Nigerian Police Force for 32 years before ascending the throne. Oba Rilwan Babatunde Akiolu’s net worth is estimated at around 40 million USD. Not only that, his palace is worth 2 billion nairas. And that’s not even mentioning the other assets he has to his title or half of the other properties in his possession.
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