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It is safe to assume that royalty and wealth go hand in hand since it is a rare occurrence for a poor ruler to exist. These days, the affluent and wealthy African kings earn a lot of their riches from community donations, businesses, inheritance, government taxes and other business ventures. Today in Africa, the most traditional rulers are being governed by the written national laws as well as the constitutions.
All the royal rulers must ensure that the economic development of the nation of the nation they rule is progressing before they amass personal wealth. Still, there are numerous monarchs who have successful amassed wealth and among the richest kings in Africa are as follows:
Togbe Afede XIV of Asogli State Ghana
Togbe Afede XIV, born on April 23, 1957, is the President of Asogli Traditional Area and the former President of the National House of Chiefs. He currently has a net worth of $30 million and is the executive chairman at the World Trade Centre Accra. He has founded the SAS Finance Group Ltd, which constitutes the Strategic African Securities Ltd. He also founded a portfolio and private equity investment firm called Strategic Initiatives Ltd. He is also a pilot and is the co-pilot of Embraer 145 aircraft of Africa World Airlines which he piloted for the first time in Ho Airport in April 2021.
Oba Rilwan Akiolu of Lagos Nigeria
Oba Rilwan Akiolu was born on October 29, 1943, in Lagos State, Nigeria. He is known as the traditional Nigerian ruler and the 21st Oba of Lagos State. He is a retired assistant inspector general at the Police Force of Nigeria. He currently has a net worth of $40 million. He obtained his SSCE certificate when he attended the Ansar-Ud-Deen College in Surulele, Lagos, in 1965 and proceeded to study law at the University of Lagos.
Obi Nnaemeka Alfred Ugochukwu Achebe of Onitsha Nigeria
Nnaemka Alfred was born on May 14, 1941, and has emerged as one of the most prominent kings in Eastern Nigeria. He is currently the Chancellor of the Ahmadu Bello University and the chairman of the board of directors in Unilever Nigeria. He now has $50 million of net worth and is the trustee of the National Traditional Rulers Council. He used to be the director of numerous Shell companies, including the UK, Sierra Leone, Netherlands, Liberia, Nigeria, Ghana, and the Gambia.
Oba Ewuare II Ogidigan
Oba Ewuare II Ogidigan was born on October 20, 1953, and was crowned Oba of Benin on October 20, 2016. He is the 40th Emperor of the Benin Empire and is among the richest kings in Nigeria, with an estimated net worth of $60 million. He ascended into power when he served in numerous ambassadorial roles and ventured into multiple business investments.
Oba Adeyeye Ogunwusi Enitan
Oba Adeyeye Ogunwusi Enitan was born on October 17, 1974, and is the 51st monarch in the Yoruba kingdom. He ascended into power in 2015 after he succeeded Oba Okunade Sijuwade. He is among the richest kings in Nigeria, with an estimated net worth of $70 million. He is an Associate Accounting Technician and has been a member of the Associate Accounting Technician for years now.
Lamido Sanusi Lamido
Lamido Sanusi Lamido was born on July 31, 1961, and is the spiritual leader of Tijanniyah Sufi in Nigeria. He is also known as Khalifa Sanusi II and had his coronation on February 7, 2015. He was born into a royal family and eventually succeeded his uncle on the throne. He is a banker and an economist who served as the Central Bank of Nigeria Governor from 2009 until 2014. He has amassed an estimated net worth of $80 million during his time.
King Mswati III of Swaziland
King Mswati III of Swaziland was born on April 19, 1968, as Makhosetive in Manzini. He took the crown at only 18 years old as the 25th monarch to rule, making him the youngest monarch to lead in the world. He is the last absolute monarch in Africa and has an estimated net worth of $100 million. However, despite his position as the ruler of Swaziland, he has been widely criticized for his luxurious lifestyle while the people of his nation starve to death.
Sultan Sa’adu Abubakar III of Sokoto
Sultan Sa'adu Abubakar III of Sokoto was born on August 24, 1956, and is the 20th Sultan of Sokoto. He has been the spiritual leader of the Nigerian Muslims, who account for about half of the country's population. He first served in the military before getting into power as the Sultan of Sokoto in November 2006. During his time in the military, he was commissioned as the Second Lieutenant, and in the late 1980s, he led the Armoured Corps, which guarded General Babangida. He is among the wealthiest monarch in the world and the second richest king in Nigeria, with an estimated net worth of $100 million.
Oba Fredrick Obateru Akinruntan of Ugbo Land Nigeria
Oba Fredrick Obateru Akinruntan was born in the 1950s and is the founder of one of the largest privately-owned oil companies in Nigeria, Obat Oil. He is currently the second wealthiest king in Africa, and among the richest people in Nigeria with an estimated net worth of $300 million. In addition, he has an extensive portfolio of commercial and residential real estate properties in Nigeria and London.
King Mohammed VI of Morocco
King Mohammed VI of Morocco was born on August 21, 1963, and is the wealthiest king in Africa, with an estimated net worth of $2.1 billion. He got into power in July 1999 when his father died, and he hailed from the Alaouite dynasty. He is Morocco's leading businessman and banker, but their royal family is widely known for having one of the wealthiest fortunes in the world.
Sources: The African Report, African Studies, Forbes
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