Meet The Wealthiest Oba In Africa
Oba Fredrick Obateru Akinruntan is
currently ranked as the wealthiest Oba in Nigeria, and just a bit behind King Mohammed VI of Morocco, in the list of the richest Kings in the continent. The estimated total net worth of the Olugbo of Ugbo in Ondo State is around $300 million (equivalent of N108 billion). Oba Akinruntan is also the owner of Obat Oil.
That’s why it’s totally understandable whenever he throws fortune for his luxury auto brands. In 2014, he became the first black resident to own a Bentley car model of that year. Oba Akinruntan also claimed to own a $1 million watch and he was so proud to use the same car brand as Queen Elizabeth II.
Actually, his custom-made Rolls Royce 2012 shares many similarities with that of Queen of England.