Fredrick Obateru Akinruntan is the richest King in Nigeria, he is the Olugbo of Ugbo kingdom in Ilaje, Ondo State. He is the founder of Obat Oil, one of the largest privately owned oil companies in Nigeria. As at 2014, his net worth was US$300 million.

During his six years reign, he has lived a lavish lifestyle, he once said that he has $1 million watch during an interview.

A lot of Nigerians don’t know a lot about this king who is richer than the Ooni of Ife.

Here are five things you didn’t know about the Olugbo of Ugbo Kingdom.

1. He is the second richest king in Africa, the first is King Mswati III of Swaziland.

2. He has a custom built 2012 Rolls Royce similar to that of Queen Elizabeth II.

3. He is the first black person to buy the 2014 model of Bentley automobile.

4. Obateru established Obat Oil in 1981, today the company has more than 50 gas stations across the six geopolitical zones of Nigeria and the company owns one of the largest tank farms in Africa.

5. Thirty-three years ago, there was a prophecy that Obateru would become the Olugbo of Ugbo Kingdom but back then he didn’t take the prophecy seriously.


http://www.thefinix.com/2015/07/5-things-you-didnt-know-about-the-richest-king-in-nigeria/

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