Africa's Richest Kings

Last updated

Africa's Richest Kings is a ranking of Africa's wealthiest monarchs, compiled and published by the American business magazine, Forbes , in March 2014. The total net worth of each individual on the list is estimated, in United States dollars, based on their assets and accounting for debt. Politicians and dictators whose wealth comes from their positions are excluded from this list, as the term king is deemed by the evaluators to refer to either sovereign or constituent monarchs who reign due to monarchical tradition. [1]

As of March 2014, King Mohammed VI of Morocco topped the list with US$2 billion, while Nigerian oil magnate King Fredrick Obateru Akinruntan, [2] the Olugbo of the Ugbo Kingdom, came second on the list with $300 million. He surpassed fellow Nigerian King Okunade Sijuwade, Olubuse II, the Ooni of Ife, worth at least $75 million and the Ngwenyama of Eswatini, King Mswati III, who was himself worth at least $50 million. Rounding out the top five was the Ghanaian King Osei Tutu II, Asantehene of the Ashanti, with $10 million. [3] [4]

In the time since the period of evaluation, King Okunade Sijuwade, Olubuse II has died. He was succeeded as the Ooni by King Ojaja II, a distant relative, although the personal wealth that was evaluated went to his lineal heirs in the Sijuwade family. [5] [6] [7]

Related Research Articles

<span class="mw-page-title-main">Millionaire</span> Person with wealth beyond a certain value

A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Depending on the currency, a certain level of prestige is associated with being a millionaire. Many national currencies have, or have had at various times, a low unit value, in many cases due to past inflation. It is much easier and less significant to be a millionaire in those currencies, thus a millionaire in Hong Kong or Taiwan, for example, may be merely averagely wealthy, or perhaps less wealthy than average. A millionaire in Zimbabwe in 2007 could have been extremely poor. Because of this, the term 'millionaire' generally refers to those whose assets total at least one million units of a high-value currency, such as the United States dollar, euro, or pound sterling.

<span class="mw-page-title-main">Ifẹ</span> City in Osun State, Nigeria

Ifẹ̀ is an ancient Yoruba city in south-western Nigeria, founded in the 6th century. The city is located in present-day Osun State. Ifẹ̀ is about 218 kilometers northeast of Lagos with a population of over 500,000 people, which is the highest in Osun State according to population census of 2006.

<span class="mw-page-title-main">Black billionaires</span>

Black billionaires are individuals who are of predominantly African ancestry with a net worth of at least US$1.

<span class="mw-page-title-main">Chester Terrace</span> Terrace in Regents Park, London

Chester Terrace is one of the neo-classical terraces in Regent's Park, London. The terrace has the longest unbroken facade in Regent's Park, of about 280 metres (920 ft). It takes its name from one of the titles of George IV before he became king, Earl of Chester. It now lies within the London Borough of Camden.

<span class="mw-page-title-main">Aliko Dangote</span> Nigerian businessman (born 1957)

Aliko Dangote is a Nigerian businessman and industrialist. He is best known as the founder, chairman, and CEO of the Dangote Group, the largest industrial conglomerate in West Africa. The Bloomberg Billionaires Index estimated his net worth at $15.3 billion in May 2024, making him the richest person in Africa, the world's richest black person, and the world's 132nd richest person overall.

Alayeluwa Oba Okunade Sijuwade CFR was the fiftieth traditional ruler or Ooni of Ife from 1980 to his death in 2015, taking the regnal name Olubuse II. He was the traditional ruler of the Yoruba Kingdom of Ile-Ife a traditional Yoruba state based in the town of Ife in Osun State, Nigeria. He was crowned on 6 December 1980 in a ceremony attended by the Emir of Kano, Oba of Benin, Amayanabo of Opobo and Olu of Warri, as well as by representatives of the Queen of the United Kingdom.

Fredrick Obateru Akinruntan is a Nigerian monarch and oil magnate who is the current traditional ruler of Ugbo Kingdom, a Nigerian traditional state in Ilaje Local Government, Ondo State, southwestern Nigeria. He is also the founder of Obat Oil, one of Nigeria's largest and leading privately held oil companies.

The Olugbo of Ugbo Kingdom is the Yoruba king of Ugbo Kingdom, a Nigerian traditional state in Ilaje local government area of Ondo State, southwestern Nigeria. The King is generally called "Olugbo" or "Oghone".

Adelekan Olubuse I was the 46th Ooni of Ife, a paramount traditional ruler of Ile Ife, the ancestral home of the Yorubas. He succeeded Ooni Derin Ologbenla and was succeeded by Ooni Adekola.

<span class="mw-page-title-main">Adeyeye Enitan Ogunwusi</span> Nigerian traditional ruler (born 1974)

Oba Adeyeye Enitan Ogunwusi is the 51th and current Ooni of Ife. He is the traditional ruler and monarch of the Yoruba kingdom of Ile-Ife. He ascended to the throne of his forebears in 2015, succeeding the deceased Oba Okunade Sijuwade, who was the 50th Ooni of Ife.

James Adedokun Adegoke (1934–2017) was a teacher and football referee who became Apetumodu of Ipetumodu in 1992. He is from Asalu compound of Fagbemokun ruling house of Ipetumodu.

<span class="mw-page-title-main">Ogiame Atuwatse III</span> Nigerian traditional ruler (born 1984)

Ogiame Atuwatse III is a Nigerian traditional king of the Kingdom of Warri in the Delta State. He was born Utieyinoritsetsola Emiko, also known as Tsola Emiko, on April 2, 1984 to Olu Atuwatse II, the 19th Olu of Warri, and Gladys Durorike Emiko. He is also a descendant of Olu Akengbuwa.

Omo-Oba Adereti Sijuwade was a member of the House of Sijuwade and a wealthy cocoa merchant. He was also the son of Adelekan Olubuse I - the 46th Ooni of Ife and the father of Oba Okunade Sijuwade - the 50th Ooni of Ife.

Amina Sijuwade is a Nigerian lawyer, administrator, and member of the Sijuwade Royal Family. She is a two-time commissioner – first the Attorney-General & Commissioner for Justice and then the Commissioner for Environment and Natural Resources, both for Kaduna State. She is also the wife to Prince Adetokunbo Sijuwade - the group managing director of Sijuwade Group and son of Oba Okunade Sijuwade, Olubuse II - the 50th Ooni of Ife.

References

  1. ↑ "Methodology-how we crunch the numbers". forbes.com. Retrieved June 9, 2015.
  2. ↑ Team, Carmart (2023-11-24). "2024 Richest Kings In Nigeria — Net worth, Expensive Cars They own » Carmart Blog". Carmart Blog. Retrieved 2024-05-23.
  3. ↑ "The 5 richest kings in Africa". forbes.com. Retrieved June 9, 2015.
  4. ↑ "A brief walk into the lives of the 5 richest kings in Africa". Pulse Nigeria. 2022-03-11. Retrieved 2023-07-03.
  5. ↑ "Here are the 5 Richest African Monarchs". 2022-02-09. Retrieved 2023-07-03.
  6. ↑ "Chester Terrace | British History Online". www.british-history.ac.uk. Retrieved 2023-07-03.
  7. ↑ "Twin Houses". Encyclopedia of Greater Philadelphia. Retrieved 2023-07-03.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.