Traditional kings of Africa are among the wealthiest and most powerful in the world. Africa is home to African traditional monarchs. Through investments, land ownership, natural resources, and royal enterprises, these kings have amassed an enormous amount of riches, which they have used to exert a great amount of political power and command a significant amount of influence over their respective populations. The following is a list of the top ten wealthiest kings in Africa in the year 2024:
List Of Top 10 Richest Kings In Africa 2024
1. King Mohammed VI of Morocco – $2.1 Billion
Among African kings, King Mohammed VI of Morocco is the richest Rising to the throne in 1999, his riches mostly come from the business interests of his family—which include Société Nationale d’Investissement (SNI), a sizable private holding company with investments in banking, insurance, telecommunications, mining, energy, and real estate. Additionally owned by the Moroccan royal family are large agricultural areas. King Mohammed VI’s impact goes well beyond his riches since he is instrumental in orienting Morocco’s political and economic path.
2. Oba Obateru Akinruntan – $300M
Akinrutan Oba Obateru, the traditional ruler of the Ugbo Kingdom in Nigeria, is widely regarded as one of the most prosperous monarchs in Africa in terms of financial success. His company, Obat Oil, is one of the largest privately held oil firms in Nigeria, and he is the founder and CEO of the company. In addition to his enormous wealth from oil, Oba Akinrutan is the owner of a comprehensive portfolio of real estate properties in Nigeria as well as in London. In spite of the fact that he is renowned for his extravagant and lavish way of living, he continues to be seen as a respected leader within his community.
3. Sultan Sa’adu Abubakar III of sokoto – $100 Million
Of all the African kings, Sultan Sa’adu Abubakar III of Sokoto is one of the most admired and powerful. He is well-known throughout the Islamic world as well as in Nigeria as the 20th Sultan of Sokoto. Sultan Sa’adu Abubakar III is reported to have a net worth of $100 million. His wealth is derived from a variety of sources, including investments in real estate, oil, and agriculture, as well as large land holdings and royal inheritance. His dominance extends beyond material prosperity to include considerable social, political, and religious sway in Nigeria.
4. King Mswati III of Swaziland – $100 Million
With an estimated net worth of one hundred million dollars, King Mswati III, the monarch of the Kingdom of Eswatini (which was once known as Swaziland), is considered to be one of the wealthiest monarchs in Africa. When he ascended to the throne in 1986, he became the youngest monarch to ever hold the position of reigning monarch anywhere in the world. The landlocked country has been ruled by King Mswati for more than three decades, during which time he has garnered both love and condemnation for his extravagant lifestyle, his collection of several wives, and his enormous political influence.
5. Oba Adeyeye Ogunwusi Enitan – $70M
With an estimated net worth of $70 million, Oba Adeyeye Ogunwusi Enitan, also known as the Ooni of Ife, is one of Africa’s most powerful and wealthy traditional monarchs. He is regarded as the spiritual head of the Yoruba people and the guardian of the Ile-Ife Kingdom in Osun State, Nigeria. He is also highly wealthy, well-connected in the community, and committed to the advancement of his people. Oba Adeyeye has risen to prominence as one of Africa’s wealthiest monarchs by utilising his position as a king and his vast business empire.
6. Oba Ewuare II Odidigan $60M
According to estimates, Oba Ewuare II Odidigan, the Oba of Benin, is one of the wealthiest traditional monarchs in Africa. His net worth is estimated to be sixty million dollars. The current monarch of the Benin Kingdom in Edo State, Nigeria, Oba Ewuare II is acclaimed for his leadership, riches, and power. He has successfully combined traditional customs with contemporary administration, earning him a great deal of respect. The cultural relevance of the Benin Kingdom, which is one of the oldest and most powerful monarchies in Africa, has been revitalised as a result of his rule.
7. Obi Nnaemeka Alfred Ugochukwu $50M
Nnaemeka Obi With an estimated net worth of $50 million, Alfred Ugochukwu Achebe, also known as the Obi of Onitsha, is among the wealthiest traditional rulers in Africa. Renowned for his contemporary leadership style, his wealth and clout stem from his prosperous career in business and government in addition to his role as a monarch. He is in charge of one of the most well-known and historically significant traditional states in the Igbo-speaking region of Nigeria, the Onitsha Kingdom, which is situated in Anambra State.
8. Oba Rilwan Akiolu of Lagos – $40M
It is claimed that Oba Rilwan Akiolu, the Oba of Lagos, has a net worth of forty million dollars, making him one of the wealthiest and most prominent traditional rulers in Nigeria. By virtue of his position as the guardian of the Lagos Kingdom, he possesses a considerable amount of authority, not just in the context of traditional government but also in the political and economic circles of Nigeria. A significant portion of his wealth can be attributed to his substantial land holdings, investments in real estate, and important position in Lagos, which is the largest city and the economic powerhouse of the country.
9. Togbe Afede XIV of Asogli – $30M
Respected traditional leader and businessman Togbe Afede XIV is the Agbogbomefia of the Asogli State and President of the National House of Chiefs in Ghana. Togbe Afede XIV, one of the wealthiest and most powerful traditional monarchs in Africa, combines his royal duties with a prosperous commercial career, earning him an estimated net worth of $30 million. His money comes from a variety of areas, including as real estate, energy, banking, and other economic endeavours.
10. Otumfuo Osei Tutu II – $30M
With his position as the Asantehene (King) of the Ashanti Kingdom in Ghana, Otumfuo Osei Tutu II is widely regarded as one of the most prominent and renowned traditional monarchs in Africa. Otumfuo Osei Tutu II is not only a great businessman and a significant figure in contemporary Ghana, but he is also a successful curator of Ghana’s rich cultural heritage. His estimated net worth is thirty million dollars dollars. A significant portion of his riches may be attributed to his leadership of the Ashanti Kingdom, his investments in a variety of industries, and his attempts to promote growth and education not just inside his realm but also outside it.