See who Forbes list have here. He has been named richest monarch in Nigeria with an estimated net worth of $300million.
The Olugbo of Ugbo Kingdom, HRM Frederick Obateru Akinruntan emerged as the wealthiest king in Nigeria on Forbes list for 2017. He is into oil business and is the owner of the largest petroleum depot in Africa.
He also owns Obat Oil Company which he founded in 1981 along side a gas station which has grown to over 60 gas stations across the nation.
Apart from oil business, he is also into Real Estates, having hotels in Abuja an buildings both home and abroad.
He has a world record as the first black person to buy the 2014 model of Bentley which was accustomed for only Queen Elizabeth of England.
The Olugbo of Ugbo Kingdom, HRM Frederick Obateru Akinruntan emerged as the wealthiest king in Nigeria on Forbes list for 2017. He is into oil business and is the owner of the largest petroleum depot in Africa.
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| •HRM Frederick Obateru Akinruntan |
He also owns Obat Oil Company which he founded in 1981 along side a gas station which has grown to over 60 gas stations across the nation.
Apart from oil business, he is also into Real Estates, having hotels in Abuja an buildings both home and abroad.
He has a world record as the first black person to buy the 2014 model of Bentley which was accustomed for only Queen Elizabeth of England.
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