Royalty is strongly related to riches. It's unusual to come across a lousy ruler. In the twenty-first century, wealthy African kings make their money through government taxes, community donations, businesses, inheritance, and other activities. Their net worth is determined by subtracting their debt from their assets. Below is a list of Africa's top ten wealthiest kings in 2022.
In modern Africa, most traditional kings are governed by codified national laws and constitutions. The continent's only absolute monarchy is still eSwatini. All royal leaders must ensure the economic progress of the governed, even as they amass personal wealth.
Who is the wealthiest king in Africa? West Africa is home to the majority of Africa's kingdoms. Who will be Africa's wealthiest traditional ruler in 2022? Here is a list compiled by professionals to help you determine the wealthiest king in African history.
5. Lamido Sanusi Lamido - $80 million
The spiritual leader of the Tijanniyah Sufi in Nigeria is Muhammadu Sanusi II, commonly known as Khalifa Sanusi II. He was the ancient Kano state's emir. Lamido Sanusi Lamido succeeded his uncle, a royal lineage member who was born into it.
From 2009 to 2014, Sanusi, a banker and economist, served as the Governor of the Central Bank of Nigeria. He was in charge of the $20 billion oil scam during his term in office. The estimated worth of Lamido Sanusi Lamido is $80 million.
4. King Mswati III of Swaziland - $100 million
Makhosetive, the King of eSwatini, was born on April 19, 1968, in Manzini. At the age of 18, he assumed the throne on April 25, 1986, becoming him the world's youngest monarch at the time. He is also Africa's last absolute monarch.
Apart from ruling eSwatini, King Mswati III is the CEO of Tibiyo TakaNgwane, a $140 million investment firm.
3. $100 million —(Sultan Sa’adu Abubakar III of Sokoto)
The 20th Sultan of Sokoto is Muhammadu Sa'ad Abubakar. He also serves as the spiritual head of Nigeria's Muslims, who make up more than half of the country's population. In November 2006, he was crowned Sultan.
2. Oba Fredrick Obateru Akinruntan of Ugbo Land Nigeria - $300 million
The traditional ruler of the Ugbo Kingdom in Nigeria is Oba Fredrick Obateru Akinruntan. The Ugbo Kingdom is located near the Ilaje Local Government in Ondo State, southwest Nigeria.
Oba Fredrick Obateru Akinruntan founded Obat Oil, one of Nigeria's largest privately held oil companies. He also has a big portfolio of residential and prime commercial real estate in Nigeria and London.
1. $2.1 billion — (King Mohammed VI of Morocco) (R32.1 Billion)
Monarch Mohammed VI of Morocco is Africa's wealthiest king and a billionaire. He is an Alaouite dynasty descendent. He rose to power after his father's death in July 1999. Because he is Morocco's largest banker and businessman, he is Africa's wealthiest king.
The Moroccan Royal Family is renowned for having amassed one of the world's most valuable fortunes. They possess the majority of the Société Nationale d'Investissement (SNI), a former state-owned corporation.
