Nigerian musicians are among some of the world richest musicians around the globe. Some of them like Davido, Wizkid are known for buying some of their extravagance items in cash whether in Naira, Dollar or Pounds.
Besides the Music Industry in Nigeria is so profitable that making a
monster hit can easily through you into a millionaire status if you
weren’t already one. That tells why some of our music stars showcase
their affluence on social media.
Do you wonder how much much your favourite Nigerian musician is
worth? Then you are reading just the right article, as we will outline
the top
10 richest musicians in Nigeria and their estimated net worth in Naira.
The figures of their net worth are drawn from cumulative wealth, gig
fee, endorsements and probable investments by these artists in the past
12 months.
Below is the ranking of Nigerian music stars according to their net worth.
10. Banky W
On the 10th spot is Mr. Olubankole Wellington widely known by his stage name
Banky W.
The R&B singer is a top Nigerian artiste who commands both
influence and the money too. Last year the EME boss declared his
interest to run for the office of the Member House of Representatives
for Eti-Osa Federal Constituency. He did run and came 1st runner up on
the platform of a relatively unknown party. Before the politics, Banky W
has huge brand influencer and ambassador for multinational companies
like Samsung, Uber, etc with benefits running in millions. He is happily
married and has other interest in acting, film production, event host,
and public speaking. His estimated net worth is put to be around
N1.5 billion.
9. Flavour
Contemporary highlife king
Flavour
takes the next slot right after Banky W. The ‘Ada Ada’ crooner is a big
toast in Eastern Nigeria where he hails from. Flavour is one of the
busiest Nigerian music stars as he plays at least 3 to 7 shows every
week with a high service charge. The athletic singer is a brand
ambassador for Bullet Energy drink, Life Lager Beer, etc. The estimated
net worth of Flavour is pegged at around
N3.7 billion.
8. Timaya
Nigerian dancehall star Enitimi Alfred Odom better know as
Timaya
takes the number 8 position in our ranking. The DM Records boss tries
to keep a low profile but he is very much as far as entertainment in
Nigeria is concerned. The Bayelsa born singer according to insiders
takes home about 8 million Naira to do his job at any occasion he is
called upon to perform. At the moment the ‘
Balance‘
crooner has running endorsements deals with Nigerian TeleCo Glo and
Cognac brand Hennessy all worth several millions of Naira. A few months
back to last December the singer was buying new cars for his associates
and himself to celebrate the festivities. Timaya’s estimated net worth
is put at
N5 billion.
7. Rudeboy (Paul Okoye)
Paul Okoye aka
Rudeboy
is a former member of the sensational music duo Psquare. He occupies
the number 7 spot. Paul Okoye and his brother Peter used to rule the
African music scene until they split two years ago. PSquare was among
the top three richest musicians in Africa before the separation. The
music group used to charge the highest fee for a gig by any Nigerian
artist, that has somehow changed as he stands alone. These days, the
‘Reason With Me‘ hitmaker embarks on tours across Europe and America
with his brother and kills the shows notwithstanding. His estimated net
worth valued at about
N5.8 billion.
6. Mr. P (Peter Okoye)
It has been about two years since Peter and Paul Okoye former members
of P Square split up. Before now the duo used to be higher up in the
rankings as their net worth was calculated together. However, after the
split
Mr P
still got the bag secured. The singer is a brand ambassador to brands
like Olympic Milk, Kia Motors, Tecno, etc. The dancer cum singer has a
new clothing line he calls ZIP, much of the business is awaiting
official unveiling. As a solo artiste, he has toured Europe, America and
has sold out shows which is very impressive. His estimated net worth is
N5.9 billion.
5. 2Baba
This year 2Face aka
2Baba
marked his 20 years of being in the Nigerian music industry in
collaboration with Trace Naija. He is the 5th richest musician in
Nigeria according to our list. The 43-year-old singer is very likeable
by his colleagues both young and old. His goodwill and mature demeanour
have made him a magnet of brand endorsement deal from the likes of Glo,
Campari, etc. 2Baba who is also popular for his number of children is a
top real estate investor, especially in the nightlife business. As a
consistent hitmaker 2Baba’s net worth is estimated to be about
6 billion Naira.
4. D’banj
Dapo Daniel Oyebanjo aka
D’banj
is about the best Nigerian entertainer out there any time he takes the
stage to perform. The DB Records boss is a consummate brand ambassador
to multinational companies. He is the CEO of CREAM Platform, which was
valued to be worth about $100,000,000 by an American firm. D’banj
charges a fortune to mount the stage anywhere to perform a figure of
about N6 million he also made a runway debut in Johannesburg, South
Africa. Last year he gave a rousing show at Global Citizen Festival
Mandela 100 in South Africa last December. He is worth an estimated
figure of about
6.2 billion Naira.
3.Don Jazzy
Ace music producer Michael Ajereh Collins better known as
Don Jazzy is the CEO of Mavin Records, a record label that has buzzing act like
Rema,
Korede Bello, Dr Sid, D’Prince, Johnny Drille, POE, and recently Crayon
etc. Recently, Mavin Records received millions of dollars in investment
from Kupanda Holdings to help it expand to Mavin Global. Don Jazzy is
number three on our list and one of the richest musicians in Africa. The
highly revered music maker has other businesses outside music. He is a
brand ambassador for Scotch Whisky Johnnie Walker. The beat maker’s net
worth is valued to be around
N8.7 billion.
2. Davido
David Adeleke is easily one of the richest musicians in Nigeria and Africa. The
DMW
boss a big name In African entertainment and his bank account sure
supports the fact. The past year has been exciting for the singer has he
bagged several international awards, performed on international stages
while selling out shows around the world. His song ‘Fall’ became the
first African music video to hit 100,000,000 views on YouTube. The song
also made it to Billboard R&B/Hip-Hop Airplay Charts. He has
endorsement deals with Infinix Mobility, AXE perfume, Travelbeta etc.
Davido’s estimated net worth is put at about
9.2 billion Naira.
Sitting at the number one spot as the richest Nigerian musician is
Ayodeji Ibrahim Balogun widely known as Wizkid. The past 12 months have
been interesting for the Starboy as he raked in some millions of dollars
which takes him to the top of our list. Last year he was paid $681,200
to perform in India at a Royal wedding at Umaid Bhawan Palace. In 2018
Wizkid
sold out his Nike Starboy jersey merch twice, modelled for Dolce &
Gabbana in Italy and Moschino. The ‘Fever‘ crooner is a brand ambassador
for vodka brand Ciroc and he has customized Starboy Ciroc bottles. And
for the record, the singer sold out the 20,000 capacity O2 Arena, London
for his Afro Republik concert. Wizkid is one of the richest musicians
in Africa according to Forbes ranking. His net worth has jumped in the
past 12 months and it is estimated to be at about
9.8 billion Naira.
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