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Fredrick Obateru Akinruntan is a Nigerian monarch and oil magnate who is the current traditional ruler of Ugbo Kingdom, a Nigerian traditional state in Ilaje Local Government, Ondo State, southwestern Nigeria.
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His Imperial Majesty, Oba (Dr.) Frederick Obateru Akinruntan, Paramount Ruler and Prescribed Authority, Olugbo of Ugboland and Chairman Ondo State Council of Obas was .
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Biography of Oba Obateru Akinruntan – The richest Yoruba King in Nigeria.
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Obateru is ranked by Forbes magazine as the second richest King in Africa and the richest in Nigeria.