Fredrick Obateru Akinruntan (born 1950) is a Nigerian monarch, the traditional ruler of Ugbo Kingdom, a town in Ilaje, Ondo State, southwestern Nigeria. He is an oil magnate and founder of Obat Oil, one of Nigeria's largest and leading privately held oil companies.
In March 2014 Forbes estimated his net worth as US$300 million. Obateru is ranked by Forbes magazine as the second richest King in Africa and the richest in Nigeria. He surpassed King Olubuse II, the late 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. He has a custom built 2012 Rolls Royce similar to that of Queen Elizabeth II and on January 14, 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".
Obateru is the first black person to buy the 2014 model of Bentley automobile. On 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." The monarch's love for cars can not be overemphasized as he is passionately and crazy about cars, The Olugbo as he fondly called is been reported to be the first Nigerian to a Bentley Mulsanne. We decided to take a look at this sleek, powerful and luxury car so as to ascertain why would a king decided to have it at all cost.
No comments:
Post a Comment