The Journaling of Ibrahim 143
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Richest King In Nigeria
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Going by Forbes ranking, the richest king in Nigeria is currently Oba Fredrick Obateru Akinruntan with net value of $300 million, he's a monarch and also a traditional pioneer. He is the pioneer of Ugbo Kingdom which is a little town in Ilaje Local Government area of Ondo State. He's also into oil exploration. He is the creator of Obat Oil which is one of the biggest private held firms in Nigeria.
King Fredrick Obateru Akinruntan was born from the year 1950 into a wealthy royal household. His father was Sir Frederick Adetolugbo. He's a family of 8 children and that he was the 4th child. Sir Frederick Adetolugbo died in 1964, while Fredrick Obateru Akinruntan was still 14 years old. Oba Fredrick Obateru Akinruntan already knew he'd eventually become the king of Ugbo Kingdom through a prophecy but he didn't take it seriously in that time. His younger brother had been made Olugbo but that didn't last long since a law suit has been filed against him which demanded he ought to be dethroned as the household had been in chair for too long. His brother lost the lawsuit and Fredrick Obateru Akinruntan was made the next king heading by the convention of Ugbo Kingdom.
Going by the 2014 forbes ranking, his estimated net worth $300 million. He was rated as the 2nd richest king in Africa after Mohammed VI of Morocco. He's also wealthier than the Ooni Of Ife and also the King of all Eswantini. He has a great deal of custom built cars such as Rolls Royce that's the same for Queen Elizabeth II. During an Interview, King Obateru Akinruntan said he had a million dollar watch and he uses exactly the same car such as the queen of England. Obateru was among the first black guy to get the 2014 version of the Bentley car.
King Fredrick Obateru Akinruntan based Obat Oil in 1981 and now the comapny has more than 50 gas stations across Nigeria. Obat Oil possesses one of the biggest tank farms in Africa which is a petroleum storage facility that's equipped to save over 65 million gallons of petroleum products. Prince Akinfemiwa Akinrutan, his son, was made the managing director of Obat Oil.
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