(adsbygoogle = window.adsbygoogle || []).push({}); –> Osei Tutu II of Ashanti Ghana is a gold owner, real estate investor, and a mining equipment provider in Ghana. Arts/Culture In contemporary Africa, most traditional rulers are governed by written national laws and constitutions. His son Mulay Al-Rashid (1664–1672) was able to unite and pacify the country. The Obi also serves as the chairman of the International Breweries (ABInBev), Nigeria. In the 21st century, rich African kings earn their wealth from government taxes, community donations, businesses, inheritance, and other ventures. He was a member of the Alaouite dynasty. With his massive net worth valued at $19 million, King Goodwill Kabhekuzulu splashes around wealth with a beautiful garage of expensive cars. A significant number of these rulers are formally recognized by state institutions and as a consequence, many of them receive generous stipends and allowances from the government. Oba Obateru Akinrutan is the Olugbo (traditional King) of Ugbo land, a small oil-rich community in Ondo state, in Nigeria’s southwestern region. The name Alaouite comes from the ‘Alī of ‘Alī ibn Abī Ṭālib, Muhammad's son-in-law and cousin, whose descendant Sharif ibn Ali became Prince of Tafilalt in 1631. He established a private equity investment company called Strategic Initiatives Ltd (SIL). He is an Alaouite dynasty member and succeeded to the … Mohammed VI-Morocco Mohammed VI of Morocco heads the Alaouite dynasty, or Alawite dynasty, the current Moroccan royal family. 8. Forex trading has been growing in popularity in the African continent for almost 5 years. Oba Akinrutan ascended the throne in 2009 and founded Obat Oil in 1981 with a single gas station to meet the needs of his family and neighbouring community. He ascended to the monarch position in 1968 after his father, King Cyprian Bhekuzulu, passed away. He has been ranked as one of the wealthiest individuals in the world for a decade, and his total net worth is estimated to be around US $20 billion. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! As of 2020, he has 15 wives and is known for leading a flamboyant lifestyle despite the high poverty rate in Swaziland. Togbe Afede XIV of Asogli State Ghana – $30 million. The King also owns a substantial chunk of the world’s phosphate reserves. Much of his riches come from the UAE’s oil reserves. Hans Adam II. In the 1980s, Osei Tutu II started a mortgage finance firm called Primoda Financial Services Ltd, which is located in North West London. 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 king is paid at least $50 million annually as salary by the government. The King, according to Forbes, also owns a substantial chunk of the world's phosphate reserves. Who is the wealthiest traditional ruler in the continent in 2020? He became the 20th Sultan of Sokoto in November 2006 after the death of Sultan Miccado on ADC Airlines Flight 53. Osagyefuo Nana Amoatia Ofori Panin of Akyem Abuakwa Ghana – $28 million. King Mohammed VI is the 27th king of the Alaouite dynasty who ascended the throne in July 1999. Africa is a wealthy continent, as seen from the net worth of the richest kings in Africa. Save my name, email, and website in this browser for the next time I comment. His Majesty King Mohammed VI of Morocco is the wealthiest monarch in Africa with a net worth of $2 billion. He also has a massive collection of valuable gold crown jewels as well as real estate properties in South Africa and Ghana. His personal net worth is at least $50 million, based on the annual $50 million salary that he is paid out of government coffers. © Copyright 2021, All Rights Reserved, TheAfricanDream, 10 of Africa’s Richest Kings and their net worth as at 2020, Gobo Fango and Julia Chinn–Africans in the US with erased history till now, Group calls on Europe to — “Return all colonial treasures to Africa”, Francis Opai Tetteh writes: The Ga-Dangme Art Of War Revisited, Book Review – In the Last Days of America’s Hegemony by Wilfred Ruhega, The Best 5 Forex Broker For Africa In 2021, Israel’s tech envoys in Ghana and Colombia ready for post-Covid world, Here are 20 of Africa’s best countries to do business, AfCFTA will be a game-changer for African countries – Nana Addo, Useful tips for successful admission and scholarship applications, Free anthology of black authors to be given to all primary schools in England, Mali reopens schools after weeks of closure, Ghanaian Wikimedian empowers students with offline educational app, WINVESTNET Ltd launches $2B Pan-African Investment Funds & First Trade Finance platform in Africa, Ghana becomes first country in Africa to implement Universal QR CODE payment system, Gutsy Zambia becomes first African country to defy private creditors, A new case of Ebola virus detected in DR Congo, Joe Biden reverses global abortion ‘gag rule’ and expands Obamacare, Kenya adopts Trusted Travel digital tool for COVID-19 test result verification, Quebec researchers find effective drug against COVID-19, Ugandan minister takes back ambulance after losing party primary, Here are four of Africa’s longest serving Presidents, Thank you 2020 for giving TheAfricanDream.net a great schooling for 2021, Rocky Dawuni Releases ‘Voice of Bunbon Vol. The ruler is the Chancellor of the Kwame Nkrumah University of Science and Technology (KNUST), the Grand Patron of the Grand Lodge of Ghana, and the Sword Bearer of the United Grand Lodge of England. Their net worth is estimated based on the assets held after accounting for debt. 9. Estimated net worth: At least $50 million. Sheikh of Kuwait’s Total Net Worth. King Mswati, 52 is one of the … The King of Morocco, a member of the Alaouite dynasty, was born on 21st August 1963. How to swim in difficult conditions (or in cold water) when you have big arms? Kay Robertson is the matriarch of the Duck Dynasty family as the wife of Phil Robertson and mother to Alan, Jase, Willie, and Jep.As to be expected, the majority of her wealth is from the company’s success; however, Kay gets a bit more with the show and she also wrote her own cookbook, Miss Kay’s Commander Kitchen. ... estimating his personal net worth at … He was the eldest son of Mohammed V, Sultan, then King of Morocco (1909–1961), and his second wife, Lalla Abla bint Tahar (1909–1992). King Mswati III, Swaziland. He made his worth from investments. Sa’adu is the most powerful traditional leader in Northern Nigeria and is the Nigerian head of the Islamic religion. Estimated net worth: $5.4 billion. Don't Copy. If the monarchy has always strived to co-opt political elites, … He ascended the throne in 1999 and serves as the political and spiritual head of the Asante people. Christopher Sam is a savvy web designer and developer with advanced knowledge in Search Engine Optimization. He is one of the most prominent kings in Eastern Nigeria. The Alaouite dynasty, or Alawite dynasty (Arabic: سلالة العلويين الفيلاليين ‎, Sulālat al-ʿAlawiyyīn al-Fīlālīyn), is the current Moroccan royal family. 1 on Billboard Hot 100, British Model Naomi Campbell signs deal to market Kenya, 2020 Ghana Movie Awards 10th Edition Full List Of Winners, Beale Street Music Festival now for 2021, other Memphis in May events still scheduled, Fashion is fulfilled when replete with life-touching actions — Sally Torpey, ZenCotton Couture is where you go to style up in a custom made way, Ghanaian Fashion designer Sally Torpey changing the African Narrative through Fashion, Black women win 2019 Miss USA, Miss America and Miss Teen USA, Paul Kagame accuses the West of hoarding Covid-19 vaccines. Although some of these monarchs have built their fortunes from scratch by starting successful enterprises and shrewdly reinvesting their profits into a diverse range of business concerns. Nnaemeka is currently the Chancellor of Ahmadu Bello University as well as the chairman of the board of directors of Unilever Nigeria. 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Osei Tutu set up Transpomech Ghana in 1989, a $12 million (sales) company that provides mining equipment to several large industrial companies in Ghana. He served in the military from 1977 and retired in 2006 as Brigadier general. Leave a comment. The Royal Family is the majority stakeholder in Societe Nationale d’Investissement (SNI), one of the largest investment holding companies with a diverse portfolio. Photo: ANMakubuya Source: Twitter Otumfuo Osei Tutu II, whose birth name is Nana Barima Kwaku Duah, was born on 6th May 1950. He took the crown on 25th April 1986 at 18 years old, thus becoming the world’s youngest monarch to rule at the time. Ali Bongo Ondimba (born Alain Bernard Bongo; 9 February 1959), sometimes known as Ali Bongo, is a Gabonese politician who has beenPresident of Gabonsince October 2009. Content is protected by the Digital Millennium Copyright Act (DMCA). He began his reign as the Asantehene of the Ashanti people on 26th April 1999. 2: Fredrick Oba Obateru Akinrutan, Nigeria net worth Estimated: $300 million He is the founder of Obat Oil, one of Nigeria’s privately-held oil companies. The King owns Obat Oil, a leading privately-owned oil company in Nigeria. 4. King Mohammed VI of Morocco – $2 billion. The Olugbo of Ugbo Land was born in 1950 and became king in 2009. As of 2020, King Mohammed VI has an estimated net worth of $2 billion, making him the richest king in Africa. King Mswati, 46, is Africa’s last … 10. Photo: City_Press Source: Twitter The Zulu reigning king was born on 14th July 1948 in Nangoma, South Africa. King Goodwill Kabhekuzulu is the monarch of the Zulu group which is South Africa’s biggest ethnic group. 2 Willie & Korie Robertson Willie Robertson works as the CEO of the company and is one of the most active members of the family in terms of the show. He receives a yearly allowance of $6 million to fend for his royal household. However, even in these democratic settings, they are several hundred traditional monarchs in urban, semi-urban and rural communities across Africa. All the royal heads have the duty to ensure the economic development of the ruled, even as they amass personal wealth. King Zwelithini of Zulu South Africa gets an annual allowance of $6 million and grants from the government. Christopher Sam Mohammed VI is a member of the Alaouite dynasty, the present Moroccan royal family. The company has assets worth over $140 million, but he holds it in trust for the people of Swaziland. Otumfuo Osei Tutu II is the King of Ghana’s gold-rich Ashanti kingdom, home to the country’s largest ethnic group, the Asantes. 5. 2. He is also in control of Tibiyo TakaNgwane, an investment holding company with assets worth over $140 million, but he … He ascended the throne in the year 1999. In this article, we’ll be looking at the list of the top five richest Kings in African and their net worth according to Forbes. Estimated Net Worth: $15 Million. Mohammed VI (Arabic: محمد السادس ‎; Berber languages: ⴰⴳⵍⵍⵉⴷ ⵎⵓⵃⴰⵎⵎⴷ ⵙⴷⵉⵙ agllid muhammd sdis; born 21 August 1963) is King of Morocco.He belongs to the Alaouite dynasty and ascended to the throne on 23 July 1999 upon the death of his father, King Hassan II.. …. In 1989, he established Transpomech International (Ghana) Limited, a mining equipment provider in Ghana. However, the problem is that most of those under their rule remain poor. He is also the last absolute monarch in Africa. Nana Amoatia became the 35th king to ascend the Okyeman Ofori Panin stool on 4th October 1999 after the passing away of Osagyefuo Kuntunkununku II. Otumfuo Osei Tutu II of Ashanti Ghana – $40 million. Fifth place goes to the richest monarch in Africa, Morocco’s reigning King Mohammed VI - who is said to be worth between $2bn and $8bn (£1.5bn and £5.9bn). Although most African countries practice democracy except for a few that practice monarchy like Morocco, Swaziland and Lesotho. 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Source: Mining Equipment, Property, Jewelry. Co-opting intellectual and media elites. 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. He was crowned King in July 1999 after the passing away of his father, King Hassan II. Oba Obateru Akinrutan, Ugbo Land, Nigeria, 4. Estimated net worth: At least $50 million. Obi Nnaemeka Alfred Ugochukwu Achebe of Onitsha Nigeria – $50 million. He served in the Nigerian Police Force for 32 years, where he ascended to the position of Assistant Inspector General. Estimated net worth: At least $50 million. Oba Fredrick Obateru Akinrutan of Ugbo Land Nigeria – $300 million. ... For example, 60,000 points are worth $750 toward travel. He is the current leader of Morocco, a position he took after the passing of his father in 1999. He also receives grants and other luxuries from the South African government, which are deducted from the country’s revenue. 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. King Mohammed VI was born on 21 August 1963 in Rabat, Morocco. Much of his riches come from the UAE’s oil reserves and the Panama Papers suggest he owns many luxurious properties in London worth more than $1.7 billion (£1.3bn). Sharif ibn Ali became Prince of Tafilalt in 1631. During his father’s presidency, he was Minister of Foreign Affairs from 1989 to 1991 and represented Bongoville as a Deputy in the National Assembly from 1991 to 19… This Africa’s richest monarch is an established businessman and banker. The king initially introduced reforms to grant women more power. The company that today owns more than 50 gas stations in Nigeria and Africa once started of as just a gas station to meet the needs of his family and the nearby community. Sultan Sa’adu Abubakar III of Sokoto – $100 million. The certified Google Trainer is also a trusty contributor to this website. Hans-Adam II is the reigning Prince of Liechtenstein. December 17, 2020 He is a law graduate from the University of Lagos. Estimated net worth: $2 billion. Mohammed VI, net worth – $2.5 billion King of Morocco Mohammed VI is Morocco’s King. Ali Bongo is the son of Omar Bongo, who was President of Gabon from 1967 until his death in 2009. The sultan was said to be worth $20 billion (£15.4bn) by Forbes in 2011. The Agbogbomefia was born on 23rd April 1957 as James Akpo and was coroneted in October 2003. 3. He is also in charge of an investment holding company called Tibiyo TakaNgwane that has assets valued at over $140 million, which he holds in trust for the people of eSwatini. Through SNI, the Alaouite dynasty - that has been ruling Morocco for close to four centuries - is the biggest private stakeholder in the local economy. King Mohammed VI is a successful banker and businessman in Morocco. eSwatini remains the only absolute monarch in the continent. The Zulu ruler gets an annual allowance of $6 million. He has an estimated net worth of $300 million, which makes him the second richest African royalty and the wealthiest in Nigeria. Source: Investments ... King Mohammed VI, the 27 th king of the Alaouite dynasty, ascended the throne in July 1999 and immediately set out to initiate a series of socio-political and economic reforms that have made the Kingdom freer and more prosperous than during the reign of his father, King Hassan II. Some of these monarchs wield little or no formal political power, however, they fulfil spiritual and ceremonial obligations to members of their community. King Mohammed VI, Morocco was named Africa's richest king with an estimated net worth of $2 billion. His net worth is said to be at least $50 million, based on the annual $50 million salaries that he earns from government coffers. 1. In most parts, some African monarchs control large fortunes within their communities and without. The second richest royal is the Sultan of Brunei, … 2. The idea of #‎TheAfricanDream was created late September 2015 in the Washington DC metro area of the United States by Oral Ofori as‬ a Movement that is all about telling the African story from an African point of view, sharing the positive creations and creatures of the continent and highlighting institutions and everyday people living in and out of Africa that are helping shape lives positively, whether they be Africans or not. Tracing his ancestry back to the Alaouite dynasty more than 1200 years, Moulay Hafid Baba has an intimate knowledge of the country, which he has refined over 25 years of leading elite tours and facilitating world-renowned film shoots. Africa has many kingdoms, and most of them are in West Africa. It is a rare phenomenon to find a poor ruler. He is the son of Franz Joseph II, … Worth an estimated US$15 billion, the king currently runs a sovereign wealth fund with assets reportedly valued at US$830 billion. The Head of the Swazi Royal Family gets an annual salary of $50 million, which is deducted from the government treasury. Kay Robertson. 2. His palace’s daily operating budget is estimated at $960,000. He is a member of the Alaouite dynasty and ascended to the throne on 23 July 1999 upon the death of his father, King Hassan II. Others have simply had wealth transferred to them by their forefathers. 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. He holds a Business Administration degree from the University of Ghana and an MBA from Yale School of Management. Oba Rilwan Akiolu was born on 29th October 1943 and was crowned the 21st Oba of Lagos in May 2003. Their combined net worth is an estimated $10 million. Current executive chairman of the World Trade Centre Accra A board member of several companies He established SAS Finance Group Ltd, which consists of SAS Investment Management Ltd and Strategic African Securities Ltd. Net Worth: $1 Billion: Date of Birth: Jul 9, 1929 - Jul 23, 1999 (70 years old) Gender: Male: Nationality: Morocco For instance, the Obi (King) of Onitsha in South-Eastern Nigeria, Obi Nnaemeka Achebe, serves as the Non-Executive Chairman of Unilever Nigeria, a large publicly-listed manufacturer of consumer goods, and he previously served as Chairman of defunct Diamond Bank, a leading Nigerian commercial bank. Mohammed VI is the King of Morocco. In addition, he also gets to enjoy other perks like frequent private air travel and keeps an exotic collection of automobiles, all paid for by South Africa’s taxpayers. He also owns an extensive portfolio of residential and prime commercial real estate property in Nigeria and London. The King owns Obat Oil, a leading privately-owned oil company in Nigeria. Net Worth: $ 2 billion: Source of Wealth: King of Morocco: Born: August 21, 1963: Country: Morocco: Spouse: Salma Bennani: Children: Crown Prince Moulay Hassan, Princess Lalla Khadija: Residence: Dar al-Makhzen Palace, Rabat, Morocco: Private Jet: Boeing 737 BBJ (CN-MVI) Yacht: Badis 1 The King also owns phosphate reserves, extensive land, and is a leading agricultural farmer in Morocco, where agricultural activities are not taxed. In addition to their wealth and influence which results in some of them getting invited to join boards of large corporations. 8. Is the situation likely to change? Oba Rilwan Akiolu of Lagos Nigeria – $40 million. The King of eSwatini was born on 19th April 1968 in Manzini as Makhosetive. King Mswati III of Swaziland – $50 million. The King also owns extensive real estate in Ghana and South Africa as well as a collection of valuable gold crown jewels. 7. Nnaemka Alfred was born on 14th May 1941 and emerged as the Obi of Onitsha in May 2002. Co-founder of Africa World Airlines Ltd, Sunon Asogli Power Ghana Ltd, and Databank Financial Services The majority shareholder in Accra Hearts of Oak FC. However, it is thought the sultan is worth nearer to $28 billion (£21.6bn) according to Asia Tatler. With this, being a traditional monarch in Africa can be a lucrative affair. Notify me of follow-up comments by email. King Mswati III, Swaziland. King Mohammed VI, the 27 king of the Alaouite dynasty, ascended the throne in July 1999 and immediately set out to initiate a series of socio-political and economic reforms that have made the Kingdom freer and more prosperous than during the reign of his father, King Hassan II. The family amassed the bulk of its $150 billion fortune during the 1970s when siphoning off the country's oil profits wasn't considered bad form. King Mswati, 52 is one of the richest kings in Africa with an estimated net worth of $50 million. 6. He is the 27th king of the Alaouite dynasty of 3 in North Africa. He has an estimated net worth of $300 million, which makes him the second richest African royalty and the wealthiest in Nigeria. Here is a carefully curated list. Now, Obat Oil is one of Nigeria’s largest privately-held oil trading companies and owns more than 50 gas stations across Nigeria as well as one of the largest tank farms in Africa. The King is one of Africa’s wealthiest royals. Togbe is a great investor and holds the following titles. In 2019, his net worth was estimated around US$2.1 billion and he is the richest king in Africa in 2014 according to the American business magazine Forbes. 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