Africa's Richest Kings

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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 $150 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]

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References

  1. ↑ "Methodology-how we crunch the numbers". forbes.com. Retrieved June 9, 2015.
  2. ↑ Team, Carlots.NG (2023-11-24). "2024 Richest Kings In Nigeria — Net worth, Expensive Cars They own". Carlots.ng. 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.
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