Otumfuo
Osei Tutu II
The
Forbes Magazine has named the Asantehene, Otumfuo Osei Tutu II, as
Africa’s 5th richest king.
Forbes estimated Otumfuo’s
net worth at $10 million, basing its ranking on wealth from his involvement in
the sale of mining equipment, his property and jewelry.
It
said the Asante King also owns extensive real estates in Ghana and South Africa
as well as a collection of gold crown jewels.
Otumfuo
Osei Tutu II, who ascended the throne in 1999, is the owner of Transpomech
Ghana, a $12 million (sales) company that provides mining equipment to several
large industrial companies in Ghana.
He
came behind King Mswati III of Swaziland who is estimated to be worth at least
$50 million mainly from investments.
The
46-year-old Swazi king is said to control Tibiyo Taka Ngwane, an investment
holding company that owns stakes in sugar refining giants, Ubombo Sugar and
Royal Swaziland Sugar Corporation (RSSC), dairy company Parmalat Swaziland,
liquor manufacturer, Swaziland Beverages and a chain of hotels – Swazi Spa
Holdings. The company has assets worth over $140 million.
Third
on the list is 84-year-old Oba Okunade Sijuwade II of Ile-Ife, Nigeria, and is estimated
to be worth at least $75 million.
His
source of wealth, according to Forbes, is construction, property and
oil.
Oba
Okunade Sijuwade II is the founder of the Sijuwade Group, a Nigerian
conglomerate with interests in oil & gas, construction, property
development and hospitality, which he incorporated in 1975.
Oba
Obateru Akinrutan, the traditional King of Ugbo Land, Nigeria is the second
richest African King, according to Forbes. The founder of Obat Oil, is
estimated to be worth $300 million.
Making
the top of the list is King Mohammed VI of Morocco; and he is estimated to be
worth $2 billion.
According
to Forbes, he derives his fortune from his control of Société
Nationale d’Investissement (SNI), a large Moroccan investment
holding company with assets valued at more than $10 billion. Credit To Forbes
source:news1ghana.com
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