Obateru akinruntan biography of abraham

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    • Fredrick Obateru Akinruntan

    Olugbo of Ugbo Kingdom

    Fredrick Obateru Akinruntan was a Nigerian monarch and oil magnate who is the current traditional ruler of Ugbo Kingdom, a Nigerian traditional state in IlajeLocal 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 Forbes estimated his net worth as US$ 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 $ million and the Swaziland King Mswati III by over $ million to become Africa's second richest king in behind Mohammed VI of Morocco.[3] He has a custom built Rolls-Royce similar to that of Queen Elizabeth II and on 14 January , 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]

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