Glamsquad reports that the richest and wealthiest kings in Africa are those who inherited kingdoms that flourished lifestyle on the continent prior to the arrival of European colonialists. While most of these kingdoms were subjected to violence and their influence and wealth were reduced or even plundered in some cases, Africa has gradually began to grow in wealth and prosperity, as evidenced by the monarchs’ displays of wealth.
While the average African king’s official net worth is around $200 million dollars, royalty gives one the power to create unlimited wealth for the benefit of posterity and those within the king’s domain.
Top 10 Richest African Kings and Their Net Worth
Morocco’s King Mohammed VI
$2.1 billion in net worth
Morocco’s King Mohammed VI is the richest king and one of Africa’s only two absolute monarchs. ‘His Majesty the King Mohammed the Sixth, Commander of the Faithful, may God grant him Victory,’ reads his official title. King Mohammed VI is a member of the Moroccan Royal Family, also known as the Alaouite Dynasty, which has a long history.
His money is linked to the Société Nationale d’Investissement (SNI), a holding company that owns or controls a variety of investments such as agriculture, banking, real estate, and power generation. Managem (mining company), Onapar, SOMED (tourism/real-estate companies), Wafa Assurance (insurance company), Marjane (hypermarket chain), Wana-Inwi (telecommunications company), and other companies contribute to his wealth. He is also passionate about food processing and packaging.
He not only has a lot of money, but he also has unlimited power to make more money. Morocco’s King Mohammed VI is more than just a monarch; he is also a brilliant businessman and diplomat.
Oba Fredrick Obateru Akinruntan of Ugbo Land Nigeria has a net worth of $300 million.
Oba Fredrick Obateru is the King of Ugbo in the Ilaje Kingdom of Ondo State, Nigeria. He is not the type of king who makes a lot of noise on television or whose photos are always in the papers; this king is one for the boardroom; he is one of Africa’s richest kings and one of Nigeria’s richest men. Oba Frederick Obateru is the Founder and Chairman of Obat Oil, a privately held indigenous Nigerian oil marketing company.
In addition, he has a sizable portfolio of residential and prime commercial real estate in both Nigeria and London. Oba Frederick Obateru Akinrutan has been involved in several large-scale real estate development schemes in Lagos’s prime areas; he owns several estates in the Lekki area.
Sokoto Sultan Sa’adu Abubakar III $100 million
Sultan Sa’adu Abubakar III of Sokoto is Nigeria’s most powerful monarch. He is the 20th Sultan of Sokoto, but he is most notable for his political clout. Even the most despotic military rulers have usually deferred to the Sultan of Sokoto because his position is regarded as both regal and spiritual.
Sultan Sa’adu Abubakar III of Sokoto receives support from any Northern Nigerian politician worth his salt, as well as anyone aspiring to the highest offices in the land. The Sultan is a decorated former military officer who led the Armoured Corps that guarded General Babangida. He was commissioned as a Second Lieutenant in the Nigerian army and served alongside many of the country’s top military brass.
Swaziland’s King Mswati III
$100 million in net worth
Swaziland’s King Mswati III is a wealthy monarch. Swaziland, also known as eSwatini, is a small landlocked country bordered almost entirely by South Africa and then by Mozambique. King Msanti III of Swaziland became an absolute monarch on April 25, 1986, when he was 18 years old.
As an absolute monarch, he owns all of the country’s land, as well as all of its wealth. Even though the average person in the country lives on less than $1.25 per day, the king can afford to live a life of opulence and luxury.
Oba Adeyeye Ogunwusi Enitan,
$70 million in net worth
His Imperial Majesty Oba Adeyeye Ogunwusi Enitan is one of Nigeria’s most well-known royal fathers. He is the Ooni of Ife, which makes him the de facto overall ruler of Yoruba land because Ife is the Yoruba Nation’s historical foundation. In terms of wealth, Oba Adeyeye Ogunwusi Enitan is one of Africa’s wealthiest kings, with an estimated net worth of $70 million.
He lives a lavish lifestyle and is known to appear in some of the most iconic automobiles, including a white Rolls Royce Phantom. He enjoys traveling and has been known to tour exotic European locations with his royal entourage. Oba Adeyeye Ogunwusi Enitan is also a controversial figure. He is the 51st Ooni of Ife; he ascended his forefathers’ throne in 2015, following the death of Oba Okunade Sijuwade, who was also known as one of Nigeria’s richest kings during his reign.
Oba Ewuare II Ogidigan,
$60 million in net worth
Oba Ewuare II Ogidigan is the Great Benin Kingdom’s Oba. For the record, Oba Ewuare II is the king of a vast empire that reached all of Nigeria’s coastal cities. After his father, Oba Erediauwa, died in 2016, he was crowned Oba of Benin. Oba Ewuare II is Great Benin’s 40th Oba, and he sits on a throne of rulership that dates back to around 1180.
Oba Ewuare is one of Nigeria’s most respected personalities, and he is also one of the country’s wealthiest monarchs. He lives in an opulent mansion in the heart of Benin City and makes public appearances in an iconic Rolls Royce, which is said to be the exact model used by Queen Elizabeth II.
Oba Ewuare II witnessed some of Benin’s wealth looted by the British during the Kingdom’s fall to the British in 1897, when his ancestor Oba Ovonramwen was exiled from the city. This return of stolen artifacts has further increased his prestige and wealth; Benin now has even more potential for wealth generation.
The Oba lived in London for a long time and held several diplomatic positions.
Onitsha, Nigeria’s Obi Nnaemeka Alfred Ugochukwu Achebe
– $50 million in net worth
HRH Obi Nnaemeka The 21st Obi of Onitsha is Alfred Ugochukwu Achebe. He was born on May 14, 1941, and crowned in 2002. He is the most prominent king in Nigeria’s Eastern region and one of the country’s most respected monarchs.
Nnaemeka, Obi Alfred made his fortune in the oil and gas industry, holding several key positions in Shell Petroleum Development Company in Nigeria, Europe, and other parts of the world. He is currently the Chancellor of Ahmadu Bello University and the Chairman of the Unilever Nigeria Board of Directors.
Oba Rilwan Akiolu, Oba of Lagos, Nigeria
$40 million in net worth
The Oba of Lagos is Oba Rilwan Akiolu. He was born on October 29, 1943, and became the 21st Oba of Lagos in May 2003. He is descended from Lagos’s ancient ruling family. He holds a law degree from the University of Lagos and served in the Nigerian Police Force for 32 years before ascending to his fathers’ throne.
He was a police assistant inspector general.
Ghana’s Togbe Afede XIV of Asogli State
Net Worth: $30 million
Togbe Afede XIV of Asogli State, Ghana, was born James Akpo on April 23, 1957. In October 2003, he was crowned. He attended the University of Ghana and has established himself as a successful businessman. He is the current executive chairman of the World Trade Centre Accra, as well as Databank Financial Services, Sunon Asogli Power Ghana Ltd, and the majority shareholder of Accra Hearts of Oak FC.
Olu of Warri, Nigeria, Ogiame Atuwatse III.
$20 in net worth
His Majesty the King Ogiame Atuwatse III of Warri has sat on the royal throne since 1480 AD. He is the tskr people’s monarch in Warri, Delta State, Nigeria. On August 21, 2021, he was crowned Olu. Because of his position, titles, and patronage from politicians and wealthy citizens, he is estimated to be worth at least $20 million.