Top 10 Richest Kings In Africa And Their Net Worth
Many traditional leaders in African control large fortunes within their community.
Being a monarch is known to be quite lucrative; aside from the affluence and influence that comes with such office, the leaders are known to be quite wealthy.
No doubt riches and royalty goes hand in hand, and it is infrequent to find a poor monarch.
That’s why today, we will be discussing the top 10 richest kings in Africa.
Many African countries’ kings get their wealth from government taxes, community donations, businesses, inheritance, and other ventures.
Here is a list of the top 10 richest kings in Africa:
- Togbe Afede XIV of Asogli State Country: Ghana
Net Worth: $30 Million
Known as “Agbogbomefia,” James Akpo was coronated in October 2003 as the Togbe Afede XIV of Asogli State Ghana.
He is a graduate of Business Administration from the University of Ghana and got his MBA from Yale School of Management.
Togbe Afede XIV is quite industrious and an investor with shares in some major companies in Ghana like Accra Hearts of Oak FC.
He is the founder of SAS Finance Group Ltd, Africa World Airlines Ltd, Sunon Asogli Power Ghana Ltd, Databank Financial Services, and is currently the executive chairman of the World Trade Centre Accra.
Togbe Afede XIV is currently the tenth richest King in Africa.
- Oba Rilwan Akiolu of Lagos
Net Worth: $40 Million
Oba Rilwan Akiolu crowned the 21st Oba of Lagos in May 2003. Before his coronation, he served in the Nigerian Police Force for 32 years.
Oba Rilwan Akiolu is a graduate of Law from the University of Lagos.
With a net worth of $40 million, which is gotten from businesses and inheritance, the Oba of Lagos is the eighth richest King in Africa.
- Obi Nnaemeka Alfred Ugochukwu Achebe of Onitsha
Net Worth: $50 million
Obi Nnaemeka Alfred Ugochukwu Achebe of Onitsha is the eighth richest king in Africa.
Also from Nigeria, Alfred became the 21st Obi of Onitsha in May 2002.
He began his career in the USA before relocating to Nigeria in 1972 and working in Shell Petroleum Company. Obi Nnaemeka Alfred is known as one of the most prominent kings in Eastern Nigeria.
He is currently the Chancellor of Ahmadu Bello University, a trustee of the National Traditional Rulers Council. And the chairman of the board of directors of Unilever Nigeria.
With a net worth of $50 million, Obi Nnaemeka Alfred Ugochukwu Achebe of Onitsha is one of the richest Kings in Africa.
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Top 10 Richest Kings In Africa And Their Net Worth
- Oba Ewuare II Ogidigan of Benin
Net Worth: $60 Million
Next on the list is Oba Ewuare II Ogidigan, who currently stands as the seventh richest King in Africa with a net worth of $60 million.
Known as the 40th Emperor of the Benin Empire, Oba Ewuare II Ogidigan got into power in October 2016.
Before his coronation, he was involved in several business ventures and is currently one of the richest kings in Nigeria.
- Oba Adeyeye Ogunwusi Enitan
Net Worth: $70 Million
The sixth richest King is Oba Adeyeye Ogunwusi Enitan, the Ooni of Ife, the traditional monarch of the Yoruba kingdom of Ile-Ife.
The King who got into power in 2015 is one of the richest kings in Nigeria.
He is an Associate Accounting Technician and a member of the Institute of Chartered Accountants of Nigeria.
With a net worth of $70 million, Oba Adeyeye Ogunwusi Enitan is undoubtedly one of the richest kings in Nigeria and Africa.
- Lamido Sanusi Lamido
Net Worth: $80 Million
Lamido Sanusi Lamido, known as Khalifa Sanusi II, is the spiritual leader of the Tijanniyah Sufi in Kano, Nigeria.
The banker and economist were the former Emir of Kano.
Lamido Sanusi Lamido is currently the fifth richest King in Africa and the third richest King in Nigeria, with a net worth of $80 million.
- King Mswati III of Swaziland
Net Worth: $100 million
Known as the King of eSwatini, King Mswati III was coronated on 25th April 1986 at 18 years old, making him the world’s youngest monarch at the time.
However, his rule has been faced with several controversies, as it is reported that the King lives quite an extravagant lifestyle while his people live in poverty.
King Mswati III of Swaziland is the last absolute monarch in Africa. He is also in charge of “Tibiyo TakaNgwane,” an investment company whose assets are said to be valued at $140 million.
- Sultan Sa’adu Abubakar III of Sokoto
Net Worth: $100 Million
Known as the 20th Sultan of Sokoto, Muhammadu Sa’ad Abubakar is also a spiritual leader of Nigerian Muslims who account for more than 50% of the country’s population.
Before becoming the Sultan of Sokoto, Saad Abubakar III served in the military and was later coronated in November 2006.
Sultan Sa’adu Abubakar III is currently the second richest King in Nigeria and the third richest King in Africa with a net worth of $100 million.
- Oba Fredrick Obateru Akinruntan of Ugbo Kingdom
Net Worth: $300 Million
Oba Fredrick Obateru Akinruntan is the traditional ruler of the Ugbo Kingdom in Ondo State, Nigeria.
He began his reign in 2009 and is currently the richest King in Nigeria and the second richest King in Africa.
Aside from being a monarch, Oba Fredrick Obateru Akinruntan is the founder of Obat Oil, one of Nigeria’s largest privately-held oil companies.
His wealth is said to be gotten from real estate and other investments. Oba Fredrick Obateru Akinruntan’s net Worth is estimated at $300 million.
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- King Mohammed VI of Morocco
Net Worth: $2.1 billion
King Mohammed VI is the richest King in Africa. He ascended the throne in 1999, following the death of his father.
The Moroccan royal family is known for having one of the enormous fortunes globally, the own majority of the stakes in the country.
The King is the leading banker and businessman. In addition to having shares in major companies, King Mohammed VI is the country’s top agricultural producer and landowner.
From the net Worth of these African leaders, one can tell that Africa is indeed a wealthy continent.
However, the resources are most timed, not equally distributed among the subjects; that’s why in most instances, we find poor issues being led by wealthy leaders.