Estimated net worth:
$2 billion
Source:
Investments
His Majesty King
Mohammed VI of Morocco is the wealthiest monarch in Africa. He derives his
fortune from his control of Société
Nationale d’Investissement (SNI), a large Moroccan investment holding
company with assets valued at more than $10 billion. SNI’s largest asset is a
48% stake in Morocco’s largest bank, Attijariwafa,
as well as controlling stakes in mass distribution giant Marjane Holding;
mining
company Managem Group and mobile telecoms company Inwi. The King also owns a substantial chunk of the world’s
phosphate reserves. King Mohammed VI, the 27th king of the Alaouite dynasty,
ascended the throne in July 1999. 
2. Oba Obateru Akinrutan, Ugbo Land, Nigeria
Estimated net worth:
$300 million
Source: Oil
Oba Obateru Akinrutan
is the Olugbo (traditional King) of Ugbo land, a small oil-rich community
in Ondo state, in Nigeria’s southwestern region. Oba Akinrutan, who ascended
the throne in 2009, is also the founder of Obat Oil, one of Nigeria’s largest
privately-held oil trading companies. He founded the company in 1981 with a
single gas station to meet the needs of his family and neighboring community.
OBAT Oil now owns more than 50 gas stations across Nigeria as well as one of
the largest tank farms in Africa- a modern storage facility that has the
capacity to store 65 million liters of petroleum products. He also owns an
extensive portfolio of prime commercial and residential real estate in London
and Nigeria, including the landmark Febson Hotels and Mall in the Central
Business District of Abuja.
3. Oba Okunade
Sijuwade, Ile-Ife, Nigeria
Estimated net worth:
At least $75 million
Source:
Construction, Property, Oil
Alayeluwa Oba Okunade
Sijuwade, Olubuse II, is the traditional King (Ọọ̀ni) of Ile-Ife’, an
ancient city located in Osun state in Nigeria. Oba Sijuwade, 84, who ascended the
throne in 1980. He struck out on his own in 1964, when he started WAATECO, an
automotive distribution business that imported vehicles and vehicle parts from
the Soviet Union to sell in Nigeria. He went on to build the Motel Royal hotel
and several residential and commercial properties. He is the founder of the
Sijuwade Group, a Nigerian conglomerate with interests in oil & gas,
construction, property development and hospitality, which he incorporated in
1975. The King also owns several residential properties in Nigeria and the U.K.
4. King Mswati III, Swaziland
Estimated net worth:
At least $50 million
Africa’s last absolute monarch is more well known for his
relationships with women (he had at least 15 wives at the last count), and for
his flamboyant parties. He turned 46 recently. The King is one of Africa’s
wealthiest royals. His personal net worth is at least $50 million, based on the
annual $50 million salary that he is paid out of government coffers. He also
controls Tibiyo TakaNgwane, an investment holding company that owns stakes in
sugar refining giants Ubombo Sugar and Royal Swaziland Sugar Corporation
(RSSC), dairy company Parmalat Swaziland, spirits manufacturer Swaziland
Beverages and hotel chain Swazi Spa Holdings. The company has assets worth over
$140 million, but he holds it in trust for the people of Swaziland.
5. Otumfuo Osei Tutu
II, Ashanti, Ghana
Estimated net worth:
$10 million
Source: Mining
Equipment, Property, Jewelry
Otumfuo Osei Tutu II
is the King of Ghana’s gold-rich Ashanti kingdom, home to the country’s largest
ethnic group, the Asantes. He ascended the throne in 1999 and serves as the
political and spiritual head of the Asante people. After studying in the United
Kingdom, Osei Tutu II worked briefly in private and public organizations in the
United Kingdom and Canada before returning to Ghana in 1989 to set up
Transpomech Ghana, a $12 million (sales) company that provides mining equipment
to several large industrial companies in Ghana. The King also owns extensive
real estate in Ghana and South Africa as well as a collection of valuable gold
crown jewels.
Credit: Forbes
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