If you refer to Oba Federick Akinruntan as the richest monarch in Nigeria, you may not be far from the truth. Respected international magazine, FORBES has even supported the claim by listing The Olugbo of Ugbo Kingdom, a reverine area in Ondo state as one of the five richest kings in Africa; that Oba Akinruntan is said to worth over $300million is also not in doubt.