Net worth of Oba Obateru Akinrutan, the richest king in Nigeria

Oba Obateru Akinrutan is one of the most influential and richest monarchs in Nigeria. He was born in 1950 and he is currently the traditional ruler of Ugbo kingdom,  Ilaje local government, a town in Ondo State.Advertisement

Oba Obateru Akinrutan is the founder of Obat oil, he is a billionaire in the making, a businessman, Obat oil being one of the privately-owned leading companies in the country.

Oba Obateru established Obat oil in 1981 and to its present date, 50 gas stations are currently functioning effectively all over Nigeria. In 2014, he was worth US $300million dollars by estimation which was done by Forbes.

In the ranking by Forbes Magazine, he is the second richest king in Africa and the richest king in Nigeria.

Obateru established Obat Oil in 1981. Today, the company has more than 50 gas stations across the six geopolitical zones of Nigeria and the company owns one of the largest tank farms in Africa, a modern storage facility able to store 65 million liters of petroleum products.Nationality: Nigeria, AfricaBorn: 1950