Formal:
* Je suis un roi. (Most common and literal translation)
* Je suis le roi. (Emphasizes being *the* king)
Informal:
* Je suis un vrai roi. (Emphasizes feeling like a king)
* Je suis un king. (Using the English word)
Humorous:
* Je suis le roi du château. (I'm the king of the castle)
The best way to say it depends on the situation and your desired tone.