The Top 5 Richest Monarchs In Africa 2024: Investments And Net Worth

Africa is home to several monarchs who have built vast fortunes through various investments and business ventures. These monarchs have leveraged their wealth and influence to drive economic growth and development in their respective countries. Here are the top 5 richest monarchs in Africa, their net worth, and their investments:

1. King Mohammed VI of Morocco: $2.5 billion

King Mohammed VI is the richest monarch in Africa, with a net worth of $2.5 billion. He has significant investments in various sectors, including:

• Real estate: He owns several properties in Morocco and abroad, including a $4.5 million mansion in Paris.

•  Agriculture: He has interests in agricultural companies, including a stake in the Moroccan agricultural company, Les Domaines Agricoles.

• Mining: He has investments in mining companies, including a stake in the Moroccan mining company, Managem.

• Tourism: He owns several hotels and resorts, including the famous La Mamounia Hotel in Marrakech.

2. King Mswati III of Eswatini: $1.5 billion

King Mswati III is the second-richest monarch in Africa, with a net worth of $1.5 billion. He has significant investments in:

• Real estate: He owns several properties in Eswatini and abroad, including a $1.5 million mansion in Johannesburg.

• Mining: He has interests in mining companies, including a stake in the Eswatini mining company, and Swaziland Iron Ore Development Company.

• Agriculture: He owns several farms and agricultural companies, including a stake in the Eswatini agricultural company, Eswatini Sugar Association.

3. King Fredrick Obateru Akinrutan of Ugbo Kingdom: $1.2 billion

King Fredrick Obateru Akinrutan is the third-richest monarch in Africa, with a net worth of $1.2 billion. He has significant investments in:

• Oil and gas: He owns several oil and gas companies, including a stake in the Nigerian oil company, Obat Oil.

• Real estate: He owns several properties in Nigeria and abroad, including a $10 million mansion in London.

• Agriculture: He owns several farms and agricultural companies, including a stake in the Nigerian agricultural company, Obat Farms.

4. King Otumfuo Nana Osei Tutu II of Ashanti: $1.1 billion

King Otumfuo Nana Osei Tutu II is the fourth-richest monarch in Africa, with a net worth of $1.1 billion. He has significant investments in:

• Gold mining: He owns several gold mines, including a stake in the Ghanaian gold mining company, Ashanti Goldfields.

• Real estate: He owns several properties in Ghana and abroad, including a $5 million mansion in Accra.

• Agriculture: He owns several farms and agricultural companies, including a stake in the Ghanaian agricultural company, Ashanti Farms.

5. King Ogiame Atuwatse III of Warri: $1 billion

King Ogiame Atuwatse III is the fifth-richest monarch in Africa, with a net worth of $1 billion. He has significant investments in:

• Oil and gas: He owns several oil and gas companies, including a stake in the Nigerian oil company, Warri Oil.

• Real estate: He owns several properties in Nigeria and abroad, including a $5 million mansion in Lagos.

• Agriculture: He owns several farms and agricultural companies, including a stake in the Nigerian agricultural company, Warri Farms.

Conclusion

These monarchs have built their fortunes through a combination of inheritance, business acumen, and strategic investments. They continue to play important roles in driving economic growth and development in their respective countries.