Global InformationFredrick Obateru Akinruntan information
| Fredrick Obateru Akinruntan | |
|---|---|
| Olugbo of Ugbo Kingdom | |
| Reign | 2009–present |
| Predecessor | Oba Banjo Mafimisebi |
| Born | 1950 (age 73–74) Ugbo Kingdom, Ondo State, Nigeria |
| House | Adetolugbo of Ugbo Kingdom |
| Father | Sir Frederick Adetolugbo |
| Website | www |
Fredrick Obateru Akinruntan is a Nigerian monarch and oil magnate who is the current traditional ruler of Ugbo Kingdom, a Nigerian traditional state in Ilaje Local 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 2014 Forbes estimated his net worth as US$300 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 $225 million and the Swaziland King Mswati III by over $200 million to become Africa's second richest king in 2014 behind Mohammed VI of Morocco.[3] He has a custom built 2012 Rolls-Royce similar to that of Queen Elizabeth II and on 14 January 2014, 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]
Obateru is the first black person to buy the 2014 model of Bentley automobile.[5][6][7] In July 2013, in an interview with The Sun, Obateru said: "The first time I saw a car was 1961 in Sapele. At that time, Sir Festus Okotie-Eboh had a hotel in Sapele, Waterside Hotel. It was the first time I saw a hotel in my life. We used to describe hotels as bars. That was the first time I knew the difference between a hotel and a bar."[8]
- ^ Administrator. "The amazing lifestyle of Oba Frederick Obateru Akinruntan". thecapital.ng. Archived from the original on 9 June 2015. Retrieved 9 June 2015.
- ^ "2 Nigerians Makes Forbes Richest Kings in Africa List". BellaNaija. Retrieved 9 June 2015.
- ^ Mfonobong Nsehe (3 June 2014). "The 5 Richest Kings In Africa". Forbes. Retrieved 9 June 2015.
- ^ ""I have a $1million watch, I use the same type of car like the Queen of England" – Oba Obateru Akinruntan". DailyPost Nigeria. Retrieved 9 June 2015.
- ^ "Ondo monarch becomes the first black person to own Bentley 2014 model". Daily Post Nigeria. 16 January 2013. Retrieved 13 June 2015.
- ^ Udodiong, Inemesit (April 3, 2019). "These 3 wealthy African kings are worth R89 billion". BusinessInsider. Retrieved 17 December 2019.
- ^ Nwachukwu, John Owen (7 June 2017). "Forbes reveals the richest king in Nigeria". Daily Post Nigeria. Retrieved 17 December 2019.
- ^ "Oba Frederick Obateru Akinruntan: A whiteman named me Obateru". The Sun News. Retrieved June 8, 2015.[permanent dead link]