Top 10 Richest Musicians in Nigeria

Top 10 Richest Musicians in Nigeria

Top 10 Richest Musicians in Nigeria

In times past, Nigerian parents never allow their children dream of becoming a performing artist. You dare not harbour such thoughts; talk more of discussing it with your parents. You would certainly be flogged till the spirit of music leaves your body. Many parents want their kids to be in a school where they’d learn to become a Medical Doctor or a Lawyer and some other nice professions.

In recent times, music has become one of the surest ways to earn a good fortune for yourself and family. Music pay than white-collar jobs these days – no argument. We have witnessed a lot of musicians who had B.Sc., even some with M.Sc. but still doing music full time.

Some of our Nigerian artistes have made it big time, and they rank higher (than others) on the list of Richest Nigerian Artistes. The metric for the placement in this list is the estimated net worth value (a realistic measure of wealth) of the artists.

If you can’t find your favourite artist on the list, there are two solutions. It is either you buy more of their works, visit all their pay shows or your favourite artist double his/her efforts to be in the ears of many music-loving Nigerians.

Below is the list of Top 10 Richest Nigerian Musicians

10. Timaya

Ekperipapa 1 of Bayelsa Timaya is one of Nigeria’s top ten richest musicians. The dancehall king net worth comes from heavy booking fees, brand endorsement and music sales. Timaya is a brand ambassador to Glo Telecoms and Hennessy X. O. Cognac. His estimated net worth is about ₦1.1 Billion Naira

9. Iyanya

Iyanya who hails from Cross River State hit stardom after he came top in the maiden edition of MTN project fame. After that first shot at fame subsided, he bounced back with one of the biggest hit songs in the history of Nigerian Music, ‘Kukere’. Iyanya has been a brand ambassador to MTN, Solo phones, Dunes Nigeria and Cross River State tourism. Iyanya’s estimated net worth is put at ₦1.8 Billion Naira.

8. Banky W

Nigeria’s own king of R&B Banky W has a good share of the money generated in the music industry. A mentor to Wizkid, Banky is one of the longest-serving brand ambassadors for Samsung Africa. He is also an ambassador to many multinational corporations and most importantly, the co-founder of EME records. All these and much more put his total estimated net worth at ₦2.3 Billion Naira.

7. Flavour

Chinedu Okoli popularly known as Flavour is not only Nigeria’s king of contemporary highlife music, his fame runs across Africa. The dreadlocks sporting musician rakes in good cash performing at big events around Africa and overseas 3 – 4 times in a week all year long. He has bagged many endorsement deals, one notably with NBC (Nigerian Breweries Company). The singer is valued at an estimated net worth of ₦2.5 Billion Naira.

6. Wizkid

Star boy Wizkid who has been a big sensation on the Nigerian music scene cuts big checks! He is one artist that doesn’t run short of endorsement deals because of his apparent marketability, from MTN to Glo, Pepsi etc. Wizkid who is now a bonafide Sony Music act charges heavy fees to perform at shows. Wizkid is also the CEO of StarBoy Worldwide, his own music label with signed acts like Mr Eazi and Efya of Ghana. He is worth and estimated net of ₦2.8 Billion Naira. His new Sony Music deal excluded.

5. Davido

Like the meaning of his popular acronym, OBO – Omo Baba Olowo, since he came into the Nigerian music industry, Davido has always shown he has loads of money, especially when you put in mind his Nigerian billionaire father. Well, besides his father’s billions, Davido rakes in millions for himself monthly. He is well known for his ostentatious lifestyle. He is also a Sony Music act just like Wizkid. Davido’s estimated net worth is reportedly ₦2.9 Billion Naira.

4. 2face

2face who now prefers to be addressed as 2Baba is the most prominent of the defunct music group Plantashun Boyz. 2Baba has a music career that spans over 20 years and he has a lot of money in the bank to show for it. Aside from his normal booking fees and numerous endorsements, 2Baba is a real estate investor. He owns the popular Rumours Night Club situated in Festac, Victoria Island and Ikeja. The ‘African Queen’ crooner is valued at about an estimated net worth of ₦4.5 Billion Naira.

3. D’banj

These days D’banj, one of Nigeria’s biggest music exports is more of a shrewd business man. He is CEO of DB records and Koko Holdings. D’banj has a multitude of endorsements from United Nations, Bank of Industry, and Slot Mobiles, etc. The ‘Oliver Twist’ crooner has an estimated net worth of ₦5 Billion Naira.

2. Don Jazzy

Don Jazzy who was a former partner with D’banj during the (now defunct) Mo’Hits era makes the number two spot. Don Jazzy is the CEO of the Mavin Records which holds stars like Tiwa Savage, Dr Sid, Korede Bello, Reekado Banks, Prince, Di’ja and newly signed acts DNA Twins, Poe, and Iyanya.  Micheal Collins has had a good number of endorsements from Samsung to Johnny Walker. He has several investments and most recently his newest company Flobyt.  The ace music producer is valued at an estimated net worth of ₦6.5 Billion Naira.

1. P Square

Sitting on the top of the list is Africa’s most successful singing duo P-Square. The singers, who are from Anambra State Nigeria, are highest earning Nigerian musicians. Booking Psquare for a show definitely cost a lot as the twins charge the highest fee. Much of their money comes from booking fees, mouthwatering endorsement deals, music sales and other investments. Psquare is the highest grossing Nigeriartiststes on YouTube. The ‘Bank Alert’ crooners own multi-million naira homes in of the best neighbourhoods in Lagos. The estimated net worth of the singing twins is put at an impressive ₦15 Billion Naira.


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