FORBES LIST OBAT,OONI OF IFE,AND ASANTE KING AMONG AFRICA'S 5 RICHEST KINGS

      The highly influential FORBES MAGAZINE has listed Oba Obateru Akinruntan,the Olugbo of Ugboland in Ondo State,Nigeria as among the 5 richest monarchs in Africa.His net worth of $300 million is traceable to his flourishing oil business. The only other Nigerian monarch in the list is Oba Okunade Sijuade,the Ooni of Ife,Nigeria with a net worth of $75 million traceable to property,construction and oil. The list also includes Otumfuo Osei Tutu 11,the paramount ruler of the Ashantis in Ghana who is reportedly worth $100 million.The source of his wealth is traced to Mining,Equipment,Property and jewelry. Fourth on the list is King Mswati of Swaziland with a net worth of $50 million.
   According to FORBES MAGAZINE, the richest monarch in Africa today is King Mohammed V1 of Morroco whose net worth is $2 billion.