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Billionaire Oba Obateru Akinrutan Biography, Wife, Children, Net Worth



Fredrick Obateru Akinruntan is a Nigerian monarch, the traditional ruler of Ugbo Kingdom, a town in IlajeLocal Government, 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.





Oba Obateru Akinrutan Biography


Olugbo of Ugbo was born in 1950 into the royal family of Sir Frederick Adetolugbo at Ugbo, a riverine area in Ilaje. He is the fourth child of a family of eight but lost his father in 1964 when he was 14 years old.






Oba Obateru Akinruntan




Name

Fredrick Obateru Akinruntan

Date of birth

1950

State of Origin

Ondo State

Occupation

Ondo monarch, Businessman

Net worth

$300 million




OBAT Oil & Petroleum Ltd subsidiaries


OBAT Oil & Petroleum Ltd



  • MEGA SERVICE STATIONS


OBAT supplies refined petroleum products to end-users via our retail outlets located across the country. We meet our customer’s expectations.



  • PETROLEUM PRODUCTS DEPOT


OBAT’s ultra-modern Depot is strategically located to ensure hitch-free supply and distribution of petroleum products.



  • REFINERY CONSTRUCTION


In order to consolidate our position as one of the leaders in the downstream sub-sector of the oil and gas industry, we are constructing a Refinery.


  • HAULAGE SERVICES


OBAT Oil is well positioned to ensure efficient haulage and distribution of petroleum products across Africa, Tanker Vessels, Fuel Trucks and Aviation Trucks





Oba Obateru Akinruntan Palace


Oba Obateru Akinruntan Palace





Oba Obateru Akinruntan net worth


In March 2015 Forbes estimated his net worth as US$300 million.He surpassed King Olubuse II, the Ooni of Ife, with $225 million and the Swaziland King Mswati III by over $200 million to become Africa’s second richest king in 2015 behind Mohammed VI of Morocco.





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