Oba frederick obateru akinruntan biography of abraham

Oba Obateru Akinruntan is the royal leader of Ugbo – a prominent town in Ondo State....

Nigerian King, Oba Fredrick Obateru Akinruntan is the second richest King in Africa with a net worth of $300 million in 2014.

Frederick Obateru Akinruntan has continued to maintain his status as Nigeria's richest traditional ruler according to Forbes Magazine rating.

Oba Obateru Akinruntan is the royal leader of Ugbo – a prominent town in Ondo State.

Oba Fredrick Obateru Akinruntan, was crowned the Olugbo of Ugbo Kingdom, quitting law for family business among other issues.

Fredrick Obateru Akinruntan Olugbo of Ugbo Kingdom A graduate of Business Administration from Lead City University, Ibadan, where he was.

Fredrick Obateru Akinruntan

Olugbo of Ugbo Kingdom

Fredrick Obateru Akinruntan was a Nigerian monarch and oil magnate who is the current traditional ruler of Ugbo Kingdom, a Nigerian traditional state in IlajeLocal Government, Ondo State, southwestern Nigeria.

He is also the founder of Obat Oil, one of Nigeria's largest and leading privately held oil companies.^[1]

In March Forbes estimated his net worth as US$ million.^[2] Obateru is ranked by Forbes magazine as the second-richest King in Africa and the richest in Nigeria.

He surpassed King Olubuse II, the Ooni of Ife, with $ million and the Swaziland King Mswati III by over $ million to become Africa's second richest king in behind Mohammed VI of Morocco.^[3] He has a custom built Rolls-Royce similar to that of Queen Elizabeth II and on 14 January , in an interview with Daily Post, he said "I have a $1 million watch, I use the same type of car like the Queen of England".^[4]