How Oba Akinrutan Beat Ooni Of Ife To Become Nigeria’s Richest King
Oba Akinruntan beat the Ooni of Ife, Oba Okunade Sijuade to emerge the wealthiest monarch in Nigeria.
According to Forbes magazine, Oba Akinruntan and Oba Sijuade were mentioned as one of the 5 wealthiest monarchs in Africa.
Forbes magazine recently listed them on their list of 5 wealthiest monarchs in Africa. Oba Akinruntan is rated to have an estimated net worth of $300 million while that of Oba Sijuade is place at not less than $75 million.
The Ooni of Ife has business interest in construction, property and oil while Oba Akinruntan is mainly into oil.
Oba Akinruntan is the founder of Obat Oil and he is said to own the largest petroleum depot in Africa.
Oba Akinruntan started Obat Oil Company in Okitipupa, Ondo State in 1981 with a gas station which was to meet the needs of his immediate family and neighboring communities