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10 richest kings in Nigeria


The following is the list of 10 richest kings in Nigeria.

1. Oba Obateru Akinrutan – Olugbo of Ugbo – the richest king in Nigeria

Oba Obateru Akinruntan is the head of Ugbo, Ondo state. Besides being the royal leader of Ugbo, he owns Obat Petroleum, one of the largest private oil trading companies in Nigeria which controls Africa’s largest oil depots.

The Olugbo of Ugbo Kingdom made Forbes’ list as one of the wealthiest monarchs in Nigeria with his net worth estimated at 300 million USD.

Olugbo of Ugbo cars

The traditional ruler in Ondo state owns a Bentley Mulsanne (2014 model) valued at over N100 million and also boasts of driving a Custom built Rolls-Royce (2012 edition) built to match the standard of that of the Queen of England, with which the Olugbo of Ugbo joins the royal list of Nigerian monarchs who ride Rolls-Royce.


The Olugbo of Ugbo is worth a whopping N108.2 Billion

The latter, very much similar to the vehicle Queen Elizabeth II of England goes around in. A business mogul and the chairman of Obat oil, the owner of the car has been recorded to plate in his name on it.

Bentley-Mulsanne-of-Olugbo of Ugbo

The Bentley Mulsanne is worth well over N100 Million

Rolls-Royce-Phantom-of-Olugbo of Ugbo

The Olugbo owns a custom-built 2012 Rolls-Royce Phantom valued at over N180 Million

2. Sa’adu Abubakar – Sultan of Sokoto

The list of richest kings in Nigeria can’t be complete without the Sultan of Sokoto – the most powerful ruler in the north and among the richest in Africa. He sits over the Sokoto Caliphate, making him the spiritual head of the Muslims in the country. He is also the co-chairman of the Nigerian Council of Traditional Rulers.


Sultan Abubakar served in the Military and retired as a Brigadier General

The Sultan has his net worth totaling 100 million USD.

Sultan of Sokoto cars

Sultan Abubakar IV owns fleets of cars, however, the most remarkable one is his Rolls-Royce 2017 model. Sultan Abubakar the IV is the 20th Sultan of the Sokoto Caliphate and ascended the throne in 2006 following the demise of the 19th Sultan, Sultan Miccado. Sultan Abubakar served in the Military and retired as a Brigadier General before ascending the throne.


The Sultan of Sokoto owns a 2017 Rolls-Royce Phantom

3. Lamido Sanusi Lamido – Emir of Kano

Now, who wouldn’t know the Emir of Kano, Lamido Sanusi Lamido? The Emir was once the governor of the Central Bank of Nigeria. That position alone attracted recognition, influence and wealth, not even to mention his financial investments and assets. He has been listed as one of the most influential people of the year by the renowned Time magazine.

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The Emir of Kano is the second most powerful Emir in Northern Nigeria

A business mogul, the Emir’s net worth is rightly estimated at 80 million USD.

Emir of Kano cars

Recently, the northern ruler acquired the latest Rolls-Royce, a car that almost got him into ‘trouble’ with Nigerians. That was because the car was too grand and worth millions of dollars for any black man to purchase. Moreso, the Emir of Kano who is on a yearly salary of N14 Million is capable of affording these luxury cars too. The model of the car still remains unknown though. What’s known, on the other hand, is that the Emir boasts of possessing fleets of cars. The Emir of Kano is the second most powerful Monarch in Northern Nigeria but has experienced some knock to his influence by the constant attacks by the Governor of Kano. 


Besides the vintage Rolls-Royce, the Emir of Kano also owns modern models from the British car maker


The Emir of Kano is on a yearly salary of N14 Million from the FGN

Aside from the new Rolls-Royce, a 1952 Rolls-Royce Silver Wraith ALW 11 as a royal heritage of the Emir of Kano is also in his possession. This is also the Rolls-Royce the Emir rides to meet Price Charles when he paid a visit to Nigeria last year.

Emir-of-Kano's-1952 Rolls-Royce Silver Wraith

The inherited car that has been passed on to many lives of Emirs of Kano

4. Oba Adeyeye Ogunwusi Eniitan- 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.


The Ooni of Ife has a net worth of about $70 Million

Ooni Of Ife cars

You can also bet that the Oba is wealthy. The Ife ruler owns many foreign car models, but the most magnificent of them all is his Rolls-Royce Phantom model year 2011. He also owns 2 Bentleys and a Mercedes Benz S550.


The Ooni of Ife owns a 2011 Rolls-Royce Phantom that goes for over N130 Million The In & Out Of Ooni Of Ife’s Breathtaking Palace With Swimming Pools, Beautiful Garden, Cars &More

5. Oba Ewuare II Ogidigan – Oba of Benin

Oba Ewuare is the traditional authority in the Benin state of Nigeria. He wields power and influence that cannot be undermined. He holds a degree of Economics from the University of Wales, UK, and a Master degree in Public Administration from Rutgers University Graduate School, New Jersey, USA. He is also Nigeria’s ambassador to a number of foreign countries. His net worth amounts to about 60 million USD.

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The Oba of Benin is worth over N21 Billion

Oba of Benin cars and house

So it’s no surprise then that the Oba owns a Rolls-Royce Phantom 2016 model with an estimated cost of over N150 million, and you can be sure that it is titled in his name.


The 2016 Rolls Royce Phantom has an estimated retail price of over N150 million

The Benin Monarch has a beautiful palace that is befitting of a first-class monarch who is the 40th Oba of the Benin Kingdom.

Palace-of-the-Oba-of Benin

Oba Ewuare is the 40th Oba of the Benin Kingdom


Oba’s Palace is a befitting center of authority for the first-class monarch

6.  Nnaemeka Alfred Ugochukwu Achebe – Obi of Onitsha

A notable monarch from the eastern part of Nigeria, the Obi of Onitsha has sure made a name for himself. Before being crowned, the Obi has served as executive director at Shell Petroleum Development Company and was once the Chancellor of Ahmadu Bello University, Zaria. Being the King sums it all up, and magnifies the equation altogether.


The Obi of Onitsha currently serves as the Chancellor of Ahmadu Bello University, Zaria

Obi of Onitsha cars

Being among top 10 richest kings in Nigeria, the Obi himself is worth about 50 million USD and owns a Rolls-Royce, 2016 model that will go for nothing less than N100 million.

2016-Rolls-Royce-of Obi of Onitsha

The Obi’s 2016 Rolls Royce Phantom goes for nothing less than N100 Million


The Palace of the Obi of Onitsha is rated as one of the most beautiful palaces in Nigeria

7. Oba Lamidi Adeyemi – 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.


The Alaafin of Oyo is worth well over $40 million

Alaafin of Oyo cars

Clearly, the Monarch of the Oyo Kingdom is in love with SUVs as can be seen in the choice of his cars below. The Oba is a true African with well over three wives and a flamboyant lifestyle. The Alaafin’s Palace has been adjudged as a Historical Monument by both local and foreign experts and has over 200 buildings, thus making it the largest in Nigeria. 

He drives a stretched limousine, a Lexus GX 470, a Toyota Land Cruiser among his fleet of cars.


The Alaafin is one flamboyant Monarch who is just in love with SUVs


The Palace of the Alaafin of Oyo is categorized at a Historical Monument

8. Oba Babatunde Aremu Akiolu – 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. 


The Oba of Lagos formerly served as an AIG in the Nigerian Police Force

Oba of Lagos cars and house

Talk of his car, the former AIG in the Nigerian Police Force uses the 2016 Mercedes-Benz S550 which sells for over N34 million, the most gracious of all the ones that sleep in his garage. Oba Akiolu’s official palace, the Iga Idunganran after its recent renovation is said to worth a heavy N2 billion. Now who is the richest king in Nigeria? Oba of Lagos is definitely one of the richest.

2016-Mercedes-Benz-S550-of-Oba of Lagos

The Oba’s 2016 Mercedes-Benz S550 goes for about N34 million


The Palace of the Oba of Lagos is said to be worth about N2 billion

9. Godfrey Emiko – Olu of Warri

Godfrey Emiko, the Olu of Warri, falls among the richest kings in Nigeria with his net worth at 30 million USD. The Olu who has his domain in the Niger-delta region of Nigeria is known there to control gas and crude resources. Thus, we may link a part of his source to oil money, which is fair.


The Olu of Warri has a net worth of $30 Million

Olu of Warri cars

Reigning the Warri people, the king stays true to the faith his people have always laid in him. The Olu of Warri doesn’t need fancy cars to show off his wealth; hence, it’s hard to spot him in the luxury vehicles.


The Olu was installed in December of 2015

10. Benjamin Ikenchuku Keagborekuzi I – Dein of Agbor

Benjamin Ikenchuku Keagborekuzi I is the royal leader of Agbor – a town in the oil-rich Delta state. He was crowned when he was 2 years and 4 months old following the sudden death of his father – the late Obi. He entered the Guinness Book as the youngest monarch in history. After coming back from the UK where he obtained multiple degrees and certificates, he is appointed as the Chancellor at the University of Ilorin – the youngest chancellor of this university.


Dein of Agbor and his Mercedes

He is seen driving a plain black Mercedes Benz S550 Maybach 2015 model worth N65 million nairas.

Now you know who are the richest kings in Nigeria and their cars, now I’m guessing you already have an idea why some Kingdoms experience a real tussle when a new King as to be crowned. Who doesn’t like money!!! Man, there is money on the throne.

Top 10 richest kings in Nigeria (2020) by net worth

Rank MonarchNet worth in USDNet worth in Naira
#1Olugbo of Ugbo Kingdom$300 Million₦117 Billion
#2Sultan of Sokoto$100 Million₦39 Billion
#3Emir of Kano$80 Million ₦31.2 Billion
#4Ooni of Ife$70 Million₦27.3 Billion
#5Oba of Benin$60 Million₦23.4 Billion
#6Obi of Onitsha$50 Million₦19.5 Billion
#7Alaafin of Oyo$40 Million₦15.6 Billion
#8Oba of Lagos$40 Million₦15.6 Billion
#9Olu of Warri$30 Million₦11.7 Billion
#10Dein of Agbor$10 Million₦3.9 Billion
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Akinola Olusegun is a blogger and publisher of this blog, You can also check out his other blogs : (videos & news), (e-commerce), (news) among others. Follow him via any or all of his social media pages to get fresh posts update.

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