Ugbo Kingdom is a town in Ilaje local government area of Ondo State, southwestern Nigeria. The people of Ugbo Kingdom are predominantly fishermen. The traditional ruler of Ugbo Kingdom is titled "Olugbo of Ugbo Kingdom" and the incumbent Olugbo of Ugbo Kingdom, Fredrick Obateru Akinruntan, is ranked by Forbes magazine as the 2nd richest king in Africa and the richest in Nigeria. He surpassed King Olubuse II, the Ooni of Ife, with $225 million and the billionaire King Mswati III of Swaziland by over $200 million to become Africa's second richest king in 2014.
Administration
Ugbo Kingdom consists of sixteen quarters and is headed by appointed chiefs according to their traditions and customs. One of the heads of the quarters, called Chief Gbogunron, is responsible for putting the traditional ritual leaves on the newly appointed King on coronation day.