Top 5 Richest Kings in Yoruba Land & Net Worth (2024)

The focus of this article is on the richest Yoruba kings in Nigeria and their net worth. How rich are kings in Yoruba land?. Monarchs especially in Yorubaland is mostly characterized with wealth and affluence.

Richest Kings in Yourba land

Kingship and monarchy comes with affluence in Yoruba land.

This does not take away the moral virtues and characters which make up the major criteria cum determinants of who will be crowned a king in Yoruba land.

Wealth and affluence remain very important qualities of crowning a king or monarch across Africa and Yoruba land.

In Nigeria as well as in Yoruba land, monarchy is still a very strong institution.

Kings in Yoruba land are revered and highly respected too.

The major title of kings and monarchs in Yoruba land is “OBA”.

Every king and traditional institutions in Yoruba land is under the supervision of the state government or her state.

However,there is still a unison and onenss relationship among all traditional rulers and kings in Yoruba land.

This has helped keep kingship and monarchy very strong in Yoruba land.

In this post, we take a look at all kings across Yoruba land with a bid to ascertain who are the richest kings in Yoruba land.

We will take a review of the net worth of top richest kings in Yoruba land to rank the most wealthiest and affluent Yoruba monarchs.

Who Are The Richest Kings in Yoruba Land?

Having looked at the net worth of major Obas in Yoruba land, we will now list the richest kings and Obas in Yoruba land.

Through this post, you will also ascertain who is the richest king or Oba in the Yoruba tribe.

Below is the roll call of wealthiest Yoruba kings and monarchs.

HRH Frederick Obateru Akinruntan – $300 Million

Oba Frederick Obateru Akinruntan who holds the traditional title of Olugbo of Ugbo Kingdom is ranked the richest king in Yoruba land.

The Monarch from Ondo state is estimated to worth a whopping $300 million according to Forbes magazine and Wikipedia.

HRH Frederick Obateru Akinruntan is the founder and chairman of OBAT Oil which is a major player in Nigeria oil and gas upstream sector.

His oil company also controls one of the Nigeria’s biggest petroleum tank farms in Africa which can hold about 70 million litres of petroleum products.

He is also a major investor in real estate and hopitality industry in Nigeria.

Oba Frederick Obateru Akinruntan was installed as the Olugbo of Ugbo land in 2009 which is a major traditional position in Ondo state and across entire Yoruba kingdom.

He is currently rated the wealthiest and richest Oba in entire Yoruba land.

HRH Oba Adeyeye Enitan Ogunwusi – $70 Million

Oba Adeyeye Enitan Ogunwusi who is currently the Oni of Ife is one of the top 5 richest kings in Yoruba land.

The Osun state based monarch with an estimate net worth of $70 million is easily in the list of wealthiest monarchs in Yoruba land.

Before his ascension to the priestious throne of Oni of Ife in December 2015, Oba Adeyeye Enitan Ogunwusi was an accomplished businessman and a chartered accountant.

He is a big real estate investor in Lagos having served as the Managing Director of Howard Roark Gardens Limited.

His firm handled Jacob Mews Estate project in Yaba and the Lakeview real estate development in Lekki both of which are multi million naira projects.

He is among Yoruba wealthiest kings and has sheer love for exotic cars.

In his garage you will find Rolls-Royce Phantom model year 2011, a Mercedes Benz S550 and 2 Bentleys.

All these show how rich Oni of Ife is and his net worth.

Oba Rilwan Akiolu – $9 Million

The current Oba of Lagos state, Oba Rilwan Babatunde Osuolale Aremu Akiolu is in the list of richest Oba and kings in Yoruba land.

The Yoruba popular mornach is very outspoken and affluent too. He is estimated to worth about $9 million.

The king of Lagos is a retired senior police officer and is the 21st Oba or Lagos.

After raid on his residence during 2021 police brutality protests, the monarch noted that among items stolen in his place includes: $2 million and N17 million.

His place is exquisite and he also owns fleet of expansive cars too.

Oba Akiolu also owns landed properties in some of the Lagos luxurious neighborhoods. He is a very rich king in Yoruba land.

Oba Michael Adedotun Aremu Gbadebo -$5 Million

Oba Michael Adedotun Aremu Gbadebo who is the current Alake of Egbaland with an estimate net worth of about $5 million is regarded as one of the richest kings in Yoruba land.

The monarch is a retired senior military officer before going into private sector.

He is the 10th Alake to rule over the Egba Kingdom in Ogun state.

The highly respected king is currently the chairman of the board of Oando PLC, a top firm in oil and gas industry in Nigeria.

Oba Aladetoyinbo Ogunlade Aladelusi – $5 Million

His Imperial Majesty Oba Aladetoyinbo Ogunlade Aladelusi who holds the traditional position of Deji of Akure is ranked among the richest kings in Yoruba land.

The monarch who is an archtect and real estate developer is estimated to worth about $5 million.

He is one of the Yoruba first class traditional rulers in Yoruba land.

The elegant monarch is as well very affluent which puts him in the league of one of the top richest Yoruba kings.


The Author

Emmanuel Igwenagu

Igwenagu Emmanuel is the founder of Nigerian Informer. He holds B.A, M.Sc in Mass Communication. He is a Communication researcher and 112 emergency help line dispatcher.

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