The youngest monarch ever to ascend the throne and become the Elegushi of Ikate Kingdom, Kusenla III, is Oba Saheed Ademola. He had his coronation on the 27th of April 2010 when he was only 34 years old. The charismatic monarch earns millions daily from the popular Elegushi beach in Lagos.

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He also has various other business ventures and is indeed an astute and intelligent king. In this article, brings you everything you need to know about Oba Saheed Ademola Elegushi- his biography, net worth, cars and houses. Let’s dive right in!

Oba Saheed Ademola Elegushi Profile

Oba Saheed Ademola Elegushi
Oba Saheed Ademola Elegushi
NameOba Alayeluwa Saheed Ademola Elegu
Date of birth10th April 1976
OccupationMonarch, businessman
Net worth200-400 million NGN

Oba Saheed Ademola Elegushi Biography

Oba Alayeluwa Saheed Ademola Elegushi, Kusenla III, is a descendant of Kusenla Ruling House of Ikate Land in Lagos State. Born 10 April 1976, His Royal Majesty is the 21st Elegushi of the Ikate-Elegushi Kingdom. His late father, Oba Yekini Adeniyi Elegushi, was the 20th Oba Elegushi of Ikateland, who reigned from 1991 to 2009. He succeeded his late father as king, who was the first crowned king of Ikateland. 

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Oba Saheed Ademola Elegushi Education

The royal monarch had most of his education in Lagos State, Nigeria. Between 1981 and 1987, Oba Saheed Ademola Elegushi had his primary school education at St. Matthias Primary School, Lagos. Moving forward, his Royal Highness proceeded to Methodist Boys’ High School, Lagos between 1988 and 1994 for his secondary school education. 

Oba Saheed Elegushi bagged a Bachelor of Science Degree (B.Sc.) in Economics from the prestigious Lagos State University. Between 2002 and 2003, he obtained his Master’s degree from the same university in Economics. Being an avid lover of knowledge, Oba Saheed Elegushi decided to study Public Administration at the University of Manchester where he bagged another Masters degree.

Oba Saheed Ademola Elegushi Career

Oba Saheed Ademola Elegushi Profile
Oba Saheed Ademola Elegushi Profile

Prior to his coronation, the Elegushi of Ikate Kingdom served in the Lagos state government as a Special Assistant to the Lagos Governor between 2003 to 2007. He was reappointed again during the tenure of former Governor Fashola as the Senior Special Assistant (Special Programmes/Duties) to the Governor. He served in this position till 2010 when he was crowned king of Ikateland. 

Currently, Oba Saheed Elegushi is on the board of several companies, which include Elegushi Property Investment Company; Sahsek Oil and Gas; Sahsik Foods, Ade-automas; and Imperial International Business City.

During the course of his reign in Ikare land, the kingdom has witnessed increased development and improvement especially in the area of healthcare, good road networks and other infrastructure development. Due to this, his kingdom has seen improvement in its trade and commerce. 

Oba Saheed Ademola Elegushi Family


According to reports, Oba Saheed Ademola Elegushi comes from a large family. He has 19 siblings: 12 sisters and 7 brothers. He is married to two wives namely Olori Sekinat Elegushi and Olori Hadiza Elegushi. The marriage is blessed with kids.

Oba Saheed Ademola Elegushi Cars

One of the prominent things about Oba Saheed Elegushi is his love for exotic cars. His garage houses some of the world’s best car brands. These are;

Rolls-Royce Phantom

Oba Of Ikate Land rolls royce
Oba Of Ikate Land rolls royce

The wealthy monarch has a customized Rolls Royce Phantom that rightly befits his royal status. His Rolls Royce Phantom VII, which he acquired in 2017 is a full-sized saloon manufactured by the British automakers, Rolls Royce Motor cars. He got this exotic ride for about 200 million NGN.

Mercedes Benz Maybach s600 


The Maybach s600 is a classic car and is one of the best cars owned by His Royal Majesty. This car has bespoke features like Android Auto, Apple CarPlay, Bluetooth audio streaming etc. The starting price of the Maybach is 72.1 million.

1960 Vintage Cadillac DeVille

Oba Saheed Ademola Elegushi 1960 Vintage Cadillac DeVille
Oba Saheed Ademola Elegushi 1960 Vintage Cadillac DeVille

Oba Saheed Ademola Elegushi shows his love for vintage cars with the purchase of the 1960 Cadillac DeVille produced by Cadillac. The last model of the DeVille was produced in 2005. The following year, the DeVille was officially renamed Cadillac CTS.

Oba Saheed Ademola Elegushi Net Worth

Oba Saheed is a king who has earned the respect and honour of his people. He is a philanthropist and a staunch promoter of academic excellence and peace. His net worth is estimated at 200 – 400 million NGN.

Oba Saheed Ademola Elegushi Houses


The charismatic and stylish monarch, Oba Saheed Ademola Elegushi lives in the Elegushi Royal Palace.

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