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Top 10 RICHEST Musicians In Nigeria And Their Net Worth – 2018

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Top 10 RICHEST Musicians In Nigeria And Their Net Worth – 2018
The Music and Entertainment industry is
one of the best things that happened to the
sleeping giant called Nigeria. Besides the oil
& gas sector, the entertainment industry is
about the most viable sector of our
economy.
Our dear Nigerian musicians have been
doing us proud and they make several
millions to show for their hard work. In this
post, we will be giving a rough analysis and
ranking of the top 10 RICHEST musicians in
Nigeria. The figures of their net worth are
drawn from cumulative wealth, gig fee,
endorsements and probable investments
by these artists.
In the last calendar year, some of our top
artists have been able to rake in loads of
money for themselves and we would hence
rank the big top 10.
10. Flavour / Olamide
Contemporary highlife king Flavour and
street mafia Olamide are tied for the tenth
position in the ranking of top 10 RICHEST
Nigerian musicians. Flavour who is a
fantastic live performer makes huge money
from performing at high profile gigs. The
singer is a brand ambassador for brands
like Bullet Energy Drink, Hero Beer etc.
Meanwhile, Olamide also charges quite a
huge fee for shows, the Bariga born artist
runs a yearly tour across UK, Europe, and
America. He is a Hennessy & Glo
ambassador and CEO of digital TV channel
VOTS (Voice of the street). The estimated
net worth of both Flavour and Olamide is
pegged at around N3.2 billion.
banky w songs about you
9. Banky W
Olubankole Wellington is an all round boss
and he has the money to show for it. A big
status of his changed last year when Mr.
Capable said bye bye to bachelorhood as he
married actress Adesua Etomi. Banky W is a
huge brand influencer and rakes in millions
of Naira as brand ambassador for
multinational companies like Samsung,
Uber etc. The singer has also dived into
acting, film production, event host, and
public speaking. His estimated net worth is
put to be around N3.5 billion.
8.Timaya
Born Enitimi Alfred Odom, the Nigerian
dancehall king is one of the top 10 richest
artists in the game. The DM Records boss is
not cheap when it comes to his gig fee.
According to close sources, Timaya charges
8 million Naira to show up and perform at
any event. Currently, Timaya has
endorsements deals worth several millions
with Nigerian TeleCo Glo and Cognac brand
Hennessy. A few months back Timaya
moved into a palatial mansion of a house in
Lekki worth hundreds of millions. Timaya’s
estimated net worth is put at N4 billion.
7. Paul Okoye
Rudeboy member of the defunct Psquare
duo takes number 7 spot. Paul Okoye and
his brother used to dominate the African
music scene until they split up last year. The
duo used to charge about highest gig fee
for a Nigerian artist, that has somehow
changed as he stands alone.
Notwithstanding, Rudeboy is still a big shot
in the music business with his estimated
net worth valued at about N5.6 billion.
6. Peter Okoye
The other half of the defunct Psquare duo,
Peter Okoye aka Mr. P is still doing fine as a
solo artist. Even before the split, Peter had
solo endorsements deals with Kia motors,
Olympic Milk etc. Since the breakup, Mr. P
has embarked on solo tours around
America, Europe etc. The dancer and singer
has a new clothing line in the works
awaiting official unveiling. His estimated
net worth is N5.8 billion.
5. 2Baba
With over two decades strong in the
Nigerian Entertainment industry, Innocent
Idibia better known as 2Face or 2Baba is a
double OG. The 42-year-old singer has a
brand-friendly persona which has seen him
clinch mouth-watering deals even ahead of
younger colleagues. Currently has
endorsements with Glo, Campari, etc.,
2Baba has several real estate investments
including his Rumors Night Clubs in Lagos.
The “Gaaga Shuffle” crooner’s estimated
net worth spikes to about 5.9 billion Naira.
4. D’banj
His music may not be his best selling
commodity at the moment but D’banj’s
business and branding acumen are as
strong as ever, a big negotiator. He is a
brand ambassador to top brands, besides
his brainchild CREAM Platform was valued
last year by an American firm to be worth
about $100,000,000. A decent amount of
about 6 million would be needed to put
D’banj on stage to perform. He is worth an
estimated figure of about 6 billion Naira.
3.Don Jazzy
Michael Ajereh Collins better known as Don
Jazzy takes the number 3 spot on the list.
The ace music producer has moved on
quite seamlessly from being a beatmaker to
a full-fledged businessman. Don Jazzy is the
CEO of Mavin Records which houses top
stars like Tiwa Savage, Reekado Banks,
Korede Bello etc. He has many music related
businesses known and unknown. The
music maker’s net worth is valued to be
around N7.5 billion.
2.Wizkid
Second on the list is Ayodeji Ibrahim
Balogun popularly known as Wizkid fondly
called Star boy. Wizkid is the biggest music
export out of Nigeria in the past 4 years.
The singer’s achievements are enormous
including topping Billboard Hot 100 Music
Chart, earning a Grammy Award
nomination, several legit international
collaborations, performing at international
music events etc. However, in all these
things Wizkid has the money to show for it.
The Starboy honcho charges about 12
million to as gig fees and even more when
it’s outside Nigeria. Wizkid is a luxury King
from wardrobe, automobiles, gadgets etc.
His net worth has jumped in the past 12
months and is pegged at about 8 billion
Naira.
1.Davido
Baddest!!! Nigerian entertainer and record
label boss David Adeleke sits at the summit
of the list of top 10 RICHEST Nigerian
musicians. The DMW boss has arguably
made the most money in the past 12
months than any other contemporary
Nigerian artists. The singer is the leader of
the popular 30 Billion Gang, he has made
the most hit songs in the past year too.
Since last year Davido has been touring
around the world performing at sold out
concerts during the ‘30 Billion Tour’ which
is still ongoing. The past year has been
fantastic for Davido, his tracks “IF”, “Fall”
have crossed over 60 million views on
YouTube. Davido has revealed that he has
made over $1 million off ‘pon pon’ sound.
He has secured new endorsements with
perfume brand AXE, Infinix Mobility etc. He
has been rumoured to have recently
purchased a Bombardier Jet. Davido’s
estimated net worth is put at about 9
billion Naira.



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The author Ani Driller (Mr. Pop)

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