Yorubaland, in southwestern Nigeria, boasts some of the country’s richest traditional rulers, known as obas, celebrated for both spiritual leadership and immense wealth.
- Oba Obateru Akinruntan
Crowned Olugbo of Ugbo land in 2009, he’s the wealthiest king with a net worth of $300 million.
Oil magnate and founder of Obat Oil, owning Nigeria’s leading privately held oil company.
History-maker, purchasing the 2014 Bentley model Queen Elizabeth rode.
- Oba Adeyeye Enitan Ogunwusi (Ọjájá II) CFR
The 51st Ooni of Ife, ascending the throne in 2015, possesses an estimated net worth of $70 million.
Real estate tycoon in Lagos with notable projects, showcasing wealth through luxury cars like Rolls-Royce and Bentleys.
- Oba Rilwan Akiolu
Oba of Lagos with a net worth exceeding $9 million.
Former senior police officer, wealth derived from diverse business interests including agriculture and investments.
- Oba Michael Adedotun Aremu Gbadebo
The 10th Alake of Egba, ruling since 2005, boasts an estimated net worth of $5 million.
Retired senior military officer, chaired a top oil and gas firm, Oando PLC.
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Oba Aladetoyinbo Ogunlade Aladelusi
The 47th Deji of Akure, Odundun II, is valued at $5 million.
Renowned real estate developer and architect, honored as CFR by President Muhammadu Buhari in 2022.
While these monarchs exemplify Yorubaland’s affluence, numerous others have amassed substantial wealth through diversified investments, including real estate and oil and gas.
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