Nigerias royal families have built empires across oil, real estate, tech and finance, driving job creation and inclusive growth.
The Eze Royal Familys Prince Arthur Eze built Oranto Petroleum, securing over 20 exploration licenses across Africa and signing deals in Venezuela.
The Sijuwade and Ekeh royal families, are expanding in energy, construction, technology, and renewable energy across Africa.
In Nigeria, conversations about wealth often orbit around the countrys billionaires, powerful boardroom executives, and corporate titans. Yet, quietly and without fanfare, Nigerias royal families have built formidable business empires that are reshaping the narrative of traditional authority in modern times. Beyond the regality of their palaces and the ceremonial duties that often define their public images, these royal families have made indelible marks across key sectors, from oil and gas to construction, real estate, finance, and technology. Their businesses not only fuel the economy but also create jobs, foster community development, and drive inclusive growth, carving a legacy that transcends ancestral inheritance.
New research by Billionaires Africa estimates the combined net worth of Nigerias seven richest royal families at around 1.4 billion, a figure that still doesn't capture the full reach of their influence, both at home and across Africa. Leading the list is the Eze Royal Family, with Prince Arthur Eze standing tall as its best-known name. Often described as one of Nigerias wealthiest businessmen and a generous philanthropist, Arthur Eze built his fortune through Oranto Petroleum, the oil and gas company he founded. Today, Oranto holds more than 20 exploration licenses across Nigeria, Equatorial Guinea, Uganda, and beyond, making it one of Africas largest privately-owned energy firms. Through hard work, sharp instincts, and deep industry know-how, Prince Eze has not only secured his family's future but has also shown that African companies can stand proudly on the world energy stage.
Close behind is the Sijuwade Royal Family, whose business foundation was laid by the late Oba Okunade Sijuwade. Far more than a traditional ruler, Oba Sijuwade was a seasoned businessman who built the Sijuwade Group, partnering with global players like Centrica, Equinor, Eser, and RCC. His son, Prince Adetokunbo Sijuwade, has taken the reins, expanding and modernizing the familys business interests, now estimated to be worth around 240 million. By focusing investments on Nigerias energy, construction, and real estate sectors, the Sijuwade family continues to play a powerful role in shaping the country's private sector.
In third place is Prince Leo Stan Ekeh, a name more often associated with Nigerias tech industry than with royal tradition, but no less important. As the founder of Zinox Technologies, Ekeh helped pioneer the countrys digital economy. His story shows that in todays Nigeria, royalty isnt just about crowns and ceremonies it can also thrive in the fast-moving world of tech and innovation. The Dasuki Royal Family comes next. They may not seek the limelight, but their investments in banking, energy, and telecommunications have earned them a solid foothold in the Nigerian economy. Theyve built influence quietly, but firmly, behind the scenes.
Rounding out the top five is the Akinruntan Royal Family, led by King Oba Fredrick Obateru Akinruntan. Often counted among Nigerias richest monarchs, Oba Akinruntan made his fortune through Obat Oil, one of the countrys largest privately-owned oil companies. His ventures into luxury real estate and the oil downstream sector have not only boosted his personal wealth but also created jobs and helped develop infrastructure that benefits his region.