2024 Richest Kings In Nigeria — Net worth, Expensive Cars They own

Nigeria has many ethnic groups, and each of these ethnic groups has its various villages. Within each of these villages, several traditional rulers are regarded as kings or chiefs in the community or village.

There are several kings in Nigeria, and most of them are wealthy men who have acquired wealth through their positions and by engaging in several other businesses. This article highlights some of these rich kings in Nigeria, the cars they own, and their net worth.

Keep scrolling below to learn more about the Kings that made it to the top 10 richest kings in Nigeria.

1. Oba Obateru Akinruntan  – $300 million

Oba Obateru Akinruntan is the royal leader of a prominent town in Ondo State known as Ugbo. His royal title is “Olugbo of Ugbo.” He is one of the notable Yoruba monarchs and also the richest king in Nigeria. 

He was an oil magnate and the founder of Obat Oil in 1981. Today, the company has more than 50 fuel stations in Nigeria and owns one of Africa’s largest tank farms that stores over 65 million litres of petroleum. According to Forbes, the Olugbo of Ugbo has a net worth valued at $300 million. That’s not all the prominent king owns. He has a series of luxury vehicles that include:

• 2014 Bentley Mulsanne —Worth 100 Million Naira
• 2012 Rolls-Royce similar to that of Queen Elizabeth II

2. Sa’adu Abubakar Sultan of Sokoto – $100 million

Another richest king in Nigeria is the Sultan of Sokoto, whose net worth is $100 million. He ascended the throne as the 20th Sultan of Sokoto after the death of his brother, Muhammadu Maccido. 

In 1977, he was commissioned as a second Lieutenant and served under the elite Armoured Corps. He headed a presidential security unit of the Armoured Corps that guarded the then-military ruler of Nigeria, General Ibrahim Babangida. 

He also commanded a battalion of African peacekeepers in Chad in the 1980s and was also a Military Liasion Officer for ECOWAS in the mid-1990s. 

He owns a fleet of cars, but the most notable luxury car he owns is the: 

• 2017 Rolls-Royce 

3. Lamido Sanusi Lamido — Former Emir of Kano – $80 million

Lamido Sanusi Lamido is a one-time Nigerian Central Bank Governor and was the 14th Emir of Kano. He ascended the throne in 2014 after the death of his grand-uncle Ado Bayero. On the 9th of March, 2020, he was dethroned by Governor Abdullahi Ganduje.

He is on a yearly allowance from the Nigerian government and earns about 14 million Naira yearly. The Northerner dignitary has a series of luxury cars, and the most notable are: 

• Two Rolls-Royce 

4. Oba Adeyeye Ogunwusi Enitan Ooni Of Ife – $70 million

Oba Adeyeye is the traditioanl ruler of Ile-Ife in Osun. He was born into the Giesi Ruling House of Ojaja Royal Compound of Agbedegbede in Ile-Ife. In 2015, he ascended the throne, succeeding the deceased Oba Okunade Sijuwade.

He is an entrepreneur and has been actively developing over 2,500 housing units in Nigeria. He opened one of the best resorts in Nigeria in Lagos. He also facilitated the biggest Lead and Aluminum recycling plant set up in Nigeria. Some of his known luxury cars include:

• 2011 Rolls-Royce Phantom
• 2 Bentleys
• 1 Mercedes Benz S550

5. Oba Ewuare II Ogidigan — Oba of Benin – $65 million

Oba Ewuare II was crowned in 2016. Before ascending the throne, he has previously worked with the United Nations between 1981 and 1982. He has served as Nigeria’s Ambassador to Angola, Sweden, Norway, Denmark, Finland, and Italy.

Some of the notable luxury cars he owns include:

• 2016 Rolls-Royce Phantom worth ₦150 million 

6. Nnaemeka Alfred Ugochukwu — Obi of Onitsha – $60 million

Nnaemeka Alfred Ugochukwu is another wealthy King in Nigeria. He is the 21st Obi of Onitsha in Anambra State. He is also the chancellor of Ahmadu Bello University since 2015 and the former chancellor of Kogi State University. 

With a net worth of $60 million, the king has a series of luxury cars, and the most notable are:

• A 2016 Rolls-Royce 

• Olu of Warri – $10 million

The coronation of the new king of Warri Kingdom, Delta State has sent vibes all across the internet. The new king Utieyinoritsetsola Emiko was crowned on Saturday, 21st August 2021 in a lavish ceremony that was graced by dignitaries both within and outside Nigeria. The wealthy and handsome 37-year-old has great plans and aspirations to make his reign memorable for his people.

Utieyinoritsetsola Emiko popularly called Tsola Emiko is the 21st king of the Warri kingdom. Coming from a royal bloodline, he was born to Prince Godwin Toritseju Emiko (The Late Ogiame Atuwatse ll) & Gladys Durorike Emiko. The 37-year-old was born in Delta, Warri State on 2nd April 1984.

The Olu of Warri owns a series of cars, Prince Tsola Emiko gifted himself a customized Rolls Royce Phantom and Bentley Continental

8. Rilwan Babatunde Osuolale Aremu Akiolu—Oba of Lagos – $9 million

Rilwan Babatunde Osuolale is another wealthy King in Nigeria. Before ascending the throne in 2003, he was once an Assistant Inspector General of Police in Nigeria. Since emerging as the 21st Oba of Lagos, he has remained on the throne until now. 

The Oba of Lagos owns a series of cars, and the most notable include:

• 2016 Mercedes-Benz S550

10. Benjamin Ikenchuku Keagborekuzi I — Dein of Agbor – $8 million

The last richest king on the top 10 list is Benjamin Ikenchuku of Delta State. He is the royal leader of Agbor in Delta and was crowned when he was two years and four months old after the sudden death of his father. 

Below are some of the cars the King of Agbor in Delta owns:

• 2015 Mercedes-Benz S550 Maybach 

Conclusion

The above list shows the top richest kings in Nigeria. Although there are other wealthy monarchs in the country, these individuals are at the top of the list.