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.
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 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. The Sultan has his net worth totaling 100 million USD.
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.
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