Check out the top 10 richest kings in Africa as of 2022, along with their current net worth.
Rundown of the Top 10 richest African Rulers
Top 10 richest kings in Africa
|Morocco's King Mohammed VI||$2.1 billion|
|Ugbo Land Nigeria's Oba Fredrick Obateru Akinruntan||$300 million|
|Sokoto Sultan Sa'adu Abubakar III||$100 million|
|Swaziland's King Mswati III||$100 million|
|Oba Adeyeye Ogunwusi Enitan, Ife Kingdom||$80 million|
|Oba Ewuare II Ogidigan||$70 million|
|Nnaemeka, Obi Nnaemeka, Onitsha,||$50 million|
|Oba Rilwan Akiolu||$40 million|
|Asogli State Ghana's Togbe Afede XIV||$30 million|
|Olu of Warri, Ogiame Atuwatse III||$20 million|
The majority of Africa’s wealthiest kings are sprung from kingdoms that prospered before European colonial powers arrived.
While the bulk of these kingdoms have been exposed to bloodshed, and their power and wealth have been diminished or even plundered in certain cases, Africa has gradually began to increase in richness and prosperity, as indicated by the wealth displayed by various monarchs.
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While the average African king’s official net worth is over $200 million dollars.
One of the advantages of being a monarch is the power to create endless wealth for posterity and people who reside within the king’s territory.
Africa’s Top 10 Richest Kings in 2022
Morocco’s King Mohammed VI has a total net worth of $2.1 billion.
Morocco’s King Mohammed VI is Africa’s wealthiest monarch and one of the continent’s only two absolute monarchs.
He is also the most powerful of the group.
God grant him victory, as it is written in his official title, ‘His Majesty King Mohammed the Sixth, Commander of the Faithful, may God grant him Victory.’
The Moroccan Royal Family, also known as the Alaouite Dynasty, has a long and illustrious history.
King Mohammed VI of Morocco is a member of the Moroccan Royal Family, also known as the Alaouite Dynasty. It has a long and illustrious history.
The Société Nationale d’Investissement (SNI) is a holding firm with interests in agricultural, banking, real estate, and power generatAfrica
Aside being the Richest king in Africa 2022, he has other enterprises that contribute to his fortune and success include Managem (a mining company), Onapar, SOMED (tourism/real-estate companies), Wafa Assurance (an insurance company), Marjane (a hypermarket chain), Wana-Inwi (a telecoms company), and others. Food processing and packaging are also areas of interest for him.
He not only has a lot of money, but he also has the potential to create an infinite quantity of new wealth. King Mohammed VI of Morocco is not only a ruler, but also a great businessman and a skilled diplomat.
2. Ugbo Land Nigeria’s Oba Fredrick Obateru Akinruntan $300 million net worth
Second on the list of the richest kings is Oba Fredrick Obateru Akinruntan of Ugbo Land Nigeria, who has a net worth of $300 million dollars.
Oba Fredrick Obateru is the king of the Ugbo in the Ilaje Kingdom of Ondo State, which is located in southwestern Nigeria.
He is one of the wealthiest monarchs in Africa, as well as one of the wealthiest individuals in Nigeria.
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He is not the kind of monarch who makes headlines on television or whose picture is plastered all over the newspapers; this monarch is one for the boardroom; he is one of the wealthiest monarchs in Africa, as well as one of the wealthiest individuals in Nigeria.
Oba Frederick Obateru is the founder and chairman of Obat Oil, a Nigerian oil marketing company held entirely by its employees and wholly owned by Nigerians.
In Nigeria and London, he also possesses a substantial portfolio of residential and prime commercial real estate, which he uses to help him supplement his income
Frederick Obateru, Oba Frederick Obateru, Oba Frederick Obateru Akinrutan is the owner of a number of estates in the Lekki area and has been involved in a number of large-scale real estate development projects in key locations of Lagos.
3. Sokoto Sultan Sa’adu Abubakar III- Net worth 100 million dollars
Sultan Sa’adu Abubakar III of Sokoto is both the most powerful and popular king in Nigeria. He is the 20th Sultan of Sokoto, but probably more importantly, he has tremendous political power in the region.
Even the most tyrannical military rulers have deferred to the Sultan of Sokoto because the people of Nigeria see his status as not just regal but also spiritual. He is without a doubt one of Africa’s wealthiest kings.
Every politician worth his salt in northern Nigeria, as well as anyone with ambitions to assume the top offices in the country, backs Sultan Sa’adu Abubakar III of Sokoto territory, as well as the presidency.
The Sultan is a decorated military officer who led the Armoured Corps that guarded General Babangida throughout his reign.
He was elevated to the rank of 2nd Lieutenant in the Nigerian army, where he served alongside several of the country’s highest ranking officials.
4. Swaziland’s King Mswati III Net worth $100 million
King Mswati III of Swaziland is a wealthy monarch with a considerable fortune, and one of Africa’s wealthiest kings.
On April 25, 1986, King Msanti III of Swaziland ascended to the throne
He was 18 years old when he became an absolute monarch, and he still governs today.
He owns all of the land in the country, as well as all of the riches that is contained within and on it, as an absolute monarch.
Despite the fact that the typical person in the country makes less than $1.25 per day, the king can afford to live a wealthy and extravagant lifestyle.
5. Oba Adeyeye Ogunwusi Enitan, Ife Kingdom
His Royal Majesty Oba Adeyeye Ogunwusi Enitan is recognized as one of Nigeria’s most prominent figures and one of the country’s most well-known royal fathers.
Because Ife has historically acted as the nation’s cultural and political hub, the Ooni of Ife possesses de facto ultimate power over Yoruba land.
Oba Adeyeye Ogunwusi Enitan is one of Africa’s wealthiest rulers, with a net worth of $80 million and a position as one of the country’s most prominent figures.
He lives a wealthy lifestyle and is known for appearing in public in some of the most iconic cars, such as a white Rolls Royce Phantom as well as others
He loves to travel, and he and his royal entourage, which includes the Queen of England, have been known to visit exotic destinations in Europe.
Oba Adeyeye Ogunwusi Enitan has a reputation for being a divisive character.
He was the 51st Ooni of Ife after his forefathers died, and he succeeded to his forefathers’ reign in 2015.
During his reign, he was also renowned as one of Nigeria’s wealthiest kings, as did Oba Okunade Sijuwade, who was also known as one of Nigeria’s wealthiest kings.
6. Oba Ewuare II Ogidigan has a net worth of $70 million.
Oba Ewuare II Ogidigan is the king of the Great Benin Kingdom as well as the Oba Ewuare II Ogidigan Oba Ewuare II Ogidigan Oba Ewuare “Oba of the Great Benin Kingdom,” as he is known. Oba Ewuare II, for the record, is the ruler of a kingdom that once encompassed the whole Nigerian coastline and included all of the coastal cities.
He was ascended to the post of Oba of Benin in 2016, following the death of his father, Oba Erediauwa.
His Majesty, Oba Ewuare II, is the Kingdom of Great Benin’s 40th Oba, and he rules on a throne that has been in the family since circa 1180.
According to sources, Oba Ewuare is one of Nigeria’s most well-known and revered individuals, as well as one of the country’s richest rulers.
He lives in an enormous mansion in the middle of New York City.
He travels around Benin City in a Rolls Royce, which is reported to be the actual model used by the Queen of England during her coronation. Oba Ewuare II is without a doubt one of Africa’s wealthiest kings.
Between 1897 and 1902, when the Kingdom of Benin was invaded by the British and his ancestor Oba Ovonramwen was exiled from the capital city, Oba Ewuare II witnessed some of the treasure plundered from Benin by the British.
As a result of the restoration of stolen items, his prestige and fortune have climbed even more, and Benin now has even more potential for money generation.
7. Nnaemeka, Obi Nnaemeka, Onitsha,
Nigerian writer Alfred Ugochukwu Achebe Obi Nnaemeka, the Head of State Ogochukwu Achebe of Onitsha, succeeded his father, Alfred Ugochukwu Achebe, as the 21st Obi of Onitsha. His net worth is believed to be $50 million.
He was crowned in 2002, after being born on May 14th, 1941. According to his subjects, he is the most powerful king in Nigeria’s Eastern area, as well as one of the country’s most respected monarchs.
Obi Nnaemeka (Obi Nnaemeka) is a musician from Nigeria.
Alfred made his money in the oil and gas industry, and he has held various prominent roles with Shell Petroleum Development Company in Nigeria, Europe, and other parts of the world.
Alfred is a father of two children. He is also the Chairman of the Unilever Nigeria board of directors, in addition to his current post as Chancellor of Ahmadu Bello University.
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8. Oba Rilwan Akiolu of Lagos, Nigeria, has a net worth of $40 million.
The Oba of Lagos, Oba Rilwan Akiolu, is the most powerful figure in the city. He was born on October 29, 1943, in Lagos, Nigeria, and was formally installed as the 21st Oba of Lagos in May 2003.
He is a descendant of Lagos’s ancient ruling family, which he now represents.
He graduated from the University of Lagos with a law degree and previously served in the Nigerian Police Force for 32 years before ascending to his forefathers’ throne.
9. Asogli State Ghana’s Togbe Afede XIV Net Worth: $30 Million
When Togbe Afede XIV of Asogli State, Ghana, was born on April 23, 1957, he was given the name James Akpo.
He was formally crowned in October 2003. He went to the University of Ghana for his study and has since established himself as a successful businessman.
He is the executive chairman of the World Trade Centre Accra and several other companies, including Databank Financial Services, Sunon Asogli Power Ghana Ltd, and Accra Hearts of Oak FC, in which he owns a substantial stake.
10. Olu of Warri, Ogiame Atuwatse III, Nigeria’s net worth is $20 million.
The present holder of the regal throne, which goes back to 1480 AD, is His Royal Highness the Prince of Warri Ogiame Atuwatse III of Warri.
He is the tskr people’s monarch in Warri, Delta State, Nigeria, and he rules as their monarch.
He was crowned Olu on the 21st of August in the year 2021. Because of his position, titles, and patronage from politicians and wealthy residents, he is estimated to be worth at least $20 million.
Summary – list of Africa’s richest kings
From the continent’s northernmost tip to its southernmost tip, Africa’s wealthiest rulers rule.
The word “royalty” has traditionally connoted riches, and in this way, the situation in Africa is no different.
The sources of riches for each of these monarchs, on the other hand, tend to vary depending on the forms of wealth that exist in the territories that they rule.
Africa’s monarchs are wealthy enough to compete with the wealth of kings from other continents.