Top 10 Richest Musicians in Nigeria and Their Net Worth 2018 | LATEST RANKING
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Richest Musicians in Nigeria and Their Net Worth
Today we are going to highlight and give you all you need to know about different Nigeria artist, and what they worth in the Market, it is always an argument that people make every day At every sunrise, new artists are being birthed across the country and at every twilight, lots of artist smile at performances that their hard work has yielded, coupled with bank alerts as a personal honorarium. Music pays big time in Nigeria. Without a cubicle for argument, the country is the entertainment hub of Africa and boasts of a plethora of music artists who rakes in millions of dollars, who have shone bright like shooting stars in international platforms and some areas rich as a country (small ones though). Before the list below, the following should be noted. The net worth of this music twinklers isn’t static, it’s wave-like, alternating up and down as the clock ticks, so this list is subject to annotations and editing. The yardsticks employed in this rich list measurement includes but not limited to; Endorsement deals, royalties, performance fees, YouTube rewards, label imprint ownership and collaboration profits. This list won’t plunge deep into their records; it will be compiled in brevity if you want their full biographies you can check them on our site. Their net worth is estimated and not the actual value as most artists if not all, have reservations when it comes to divulging accurate financial details about their private lives. The ratings are sourced from the yardsticks mentioned in number 2 of these things you’re to take note of. And just in case you are confused about the idea of Net worth, see this; it has little to do with any bank statement or account balance. It’s how much an individual is worth, after a detailed compilation of that individual’s assets and sources of income over a particular period of time, which is why it’s never the same, because some might get hit by one ugly financial misfortune which will shortchange their worth, while some might get more serious with their financing plan an up their game. To see the full list of this, we advise you read the full details below, by taking your full time to do that, Music in Nigeria is almost loved by everybody especially the youths.
Ayodeji Ibrahim Balogun (born 16 July 1990), known professionally as Wizkid (sometimes stylised as WizKid), is a Nigerian singer and songwriter. He started recording music at age 11 and managed to release a collaborative album with the Glorious Five, a group he and a couple of his church friends formed. In 2009, he signed a record deal with Banky W.’s record label Empire Mates Entertainment(E.M.E). He rose to prominence in 2010 with the release of the song “Holla at Your Boy” from his debut studio album, Superstar (2011). “Tease Me/Bad Guys”, “Don’t Dull”, “Love My Baby”, “Pakurumo” and “Oluwa Lo Ni” were also released as singles from the Superstaralbum. Wizkid’s self-titled second studio album, Ayo, was released in September 2014 and was preceded by six singles: “Jaiye Jaiye”, “On Top Your Matter”, “One Question”, “Joy”, “Bombay” and “Show You the Money.
For naive reasons, he hatched out of EME records to lead an independent prodigious music career with international credibility. His magnetic songs have earned him massive prominence, precipitating a very steep demand for his services across Africa. His songs have topped music charts for umpteenth times, his albums sales are still raking in millions of Naira, endorsement deals have skyrocketed his figures in his bank statements, and he’s not even done yet. Star Boy’s net worth is valued at an estimated N2.9 Billion Naira
David Adedeji Adeleke (born November 21, 1992), better known by his stage name Davido, is a Nigerian singer, songwriter and record producer. His 2011 single “Dami Duro” was well-received throughout Nigeria. Along with his elder brother Adewale Adeleke, Davido is the co-owner of HKN Music (a record label home to Sina Rambo, B. Red and DeeKay). He has produced songs for Naeto C, Skales, Tiwa Savage and Sauce Kid. In April 2012, he signed an endorsement deal with MTN Nigeria On October 23, 2013, Davido partnered with Guinness Nigeria for the “Guinness World of More” concert”
He never fails to remind anyone who cares to listen that his Dad is strikingly rich and he’s a proud owner of N30billion Naira. Tthe he claims which is yet to be verified and cannot be taken into account as his net worth because we presume a huge chunk of that megabucks is linked to his rich roots. From the stand position of music popularity, endorsement deals, YouTube incomes and royalties, Davido’s net worth is valued at N3.2 Billion Naira
Peter and Paul Okoye
P-Square were a Nigerian R&B duo of identical twin brothers Peter Okoye and Paul Okoye. They produced and released their albums through Square Records. In December 2011, they signed a record deal with Akon’s Konvict Muzik label In May 2012, they signed a record distribution deal with Universal Music‘s South African branch On 25 September 2017, numerous media outlets reported that the group disbanded. Reports about a breakup surfaced after Peter reportedly sent a termination letter to the group’s lawyer Prior to this report, the duo disbanded in 2016, supposedly over a disagreement about the role of their manager.
They never stopped at that, more electrifying singles were released by them, sending the nation into fits of wild ecstasy. Then came the awards, the endorsements, the collaborations, the million youtube views and the billions. The twins are valued at an estimated N25 Billion Naira.
Michael Collins Ajereh, better known as Don Jazzy, is a Nigerian record producer, singer, songwriter, and entrepreneur. He co-founded the now defunct record label Mo’ Hits Records in 2004. Following the closure of the aforementioned record label, Don Jazzy set up Mavin Records on May 8, 2012.
Ajereh was born in Lagos State. His family lived in Ajegunle, Lagos where Ajereh was raised. He was educated at the co-educational high school, Federal Government College Lagos. Ajereh found an interest in music early in life and at age 12, began to play the bass guitar. He also gained knowledge of traditional and percussion instruments. Ajereh enrolled in business management studies at the Ambrose Alli University, Ekpoma, Edo state.
In 2000, Ajereh visited London. His uncle had invited him to play the drums for the local church. In London, Ajereh gained employment at McDonald’s as a security guard. He continued his interest in music, associating with Solek, JJC, Kas, The 419 Squad and D’Banj. Ajereh learnt producing skills from Emeka Infiniti at O-Town record company.
It’s a limitation even to forget that the likes of D’banj, wande coal, D’prince, Dr Sid all rose to stardom and wealth through “Mohits record” a record label he co-founded with D’banj. The label, however, is now history and “Mavins” is his new imprint with music stars like Tiwa Savage, Korede Bello, Reekado Banks and others signed unto it. The kind of money he rakes up from the “The Mavins” alone is eye-popping. Don Jazzy’s net worth stands at N14 Billion Naira
Oladapo Daniel Oyebanjo (born 9 June 1980), known by his stage name D’banj, is a Nigerian musician, singer-songwriter, entrepreneur and television personality. He has won several music awards, including the awards for Best African Act at the MTV Europe Music Awards 2007, Artist of the Year at the MTV Africa Music Awards 2009, Best International Act: Africa at the 2011 BET Awards, and Best-selling African Artist at the 2014 World Music Awards, Evolution award at the 2015 MTV Africa Music awards He adopted the stage name D’banj, a combination of his first name, Dapo, and his surname, Oyebanjo. D’banj is currently best known internationally for his 2012 summer hit “Oliver Twist”, an uptempo dance fusion of Afrobeat and electronic dance music that topped the African charts 2011 and was a top 10 hit in the UK singles chart in 2012 reaching No. 2 on the UK R&B chart. As of 2016, D’banj is ranked to be the richest solo musician in Nigeria according to T.I.N Magazine. The fame he got from mohits was enough to sustain him after the group was disbanded. His solo career rose along with the sun, and he became Nigeria’s music gem when he performed at the closing ceremony of the 2013 African Cup of Nations. You’re not the only one who thinks the Koko master felt “On top of the world” when he performed at the soccer city stadium in South Africa. His “Oliver Twist” hit single was well famous for having the highest number of views ever for a Nigerian song. With crazy stage performances worth millions of Nigeria, coupled with lots of endorsement deals amongst others, D’banj’s net worth is valued at an estimated N11 Billion Naira
Innocent Ujah Idibia (born in Jos, Plateau State, Nigeria), known by his stage name 2Baba, is a Nigerian singer, songwriter, record producer and entrepreneur. Prior to July 2014, he went by the stage name 2face Idibia. He is one of the most decorated and successful Afro pop artists in Africa, and is also one of the most bankable artists in Africa. 2Baba has received one MTV Europe Music Award, one World Music Award, five Headies Awards (Hip-hop award), four Channel O Music Video Awards and one BET award for his musical work, four MTV Africa Music Awards, one MOBO award, one KORA award, and numerous additional nominations. They did a lot of great songs together, but there was a split, everyone went solo on the group, leading individual music careers. But one became phenomenal and colossal. He was Tu Face, the “African Queen” crooner. A song by him that sparked local and international critical acclaim. For the while it trended, it was described as one of Africa’s best and was even featured in a Hollywood movie. That was a stepping stone for Tu Face into the legendary status he enjoys now in the music scene. With a compacted itinerary of events to grace, endorsement deals and investments, Nigeria’s living music legend is with a net worth of N4.5 Billion naira
Chinedu Okoli (born 23 November 1983), better known by his stage name Flavour N’abania or simply Flavour, is a Nigeriansinger, songwriter, multi-instrumentalist and performer. He began his musical career as a drummer for a local church in his hometown of Enugu State. Flavour is popularly known across Africa and the world for his hit song “Nwa Baby (Ashawo Remix)”. He is currently signed to 2nite Entertainment. In 2005, he released his self-titled debut album N’abania. In 2010, Flavour released his second studio album Uplifted. It was supported by the singles “Nwa Baby (Ashawo Remix)”, “Adamma”, and “Oyi Remix”. The album’s success made Flavour one of Africa’s most sought out artists. Flavour was booked to perform at numerous concerts and social events following Uplifted’s release. This is the character of Flavour who set his foot on the door from the backdrop of drumming and even playing anything that could ignite music pleasures. And then things got awesome when he decided to venture into singing, singing for the most part, in his descent dialect which even gave him an identity before he went western recently. He has done multiple collaborations with both local and international artists, won the host of awards, and his finances have seen an astronomical increase over the years. His net worth stands at N2.5 Billion Naira.
Olubankole Wellington (born 27 March 1981), known by the stage name Banky W, and credited in film as Banky Wellington, is a Nigerian singer, rapper and actor. Banky W was born in the United States to Nigerian parents. His family moved back to Nigeria when he was five years old. He started singing at a young age in the church choir. He schooled in Lagos for his primary and secondary education and returned to further his tertiary education at Rensselaer Polytechnic Institute, New York on a scholarship. He started his record label E.M.E in 2002 while still studying. After moving to Nigeria in 2009, he established the label in Lagos. He signed artists like Niyola, Shaydee, Skales and Wizkid to the label at the time. His breakthrough debut studio album, Back in the Building was released in 2005.He wrote the first theme song of Etisalat Nigeria titled “0809ja for life”. He drifted the Empire Mates Entertainment record label while in school in the states and brought the brand home to sign up and breed great artists. His love songs are epic and emotional, captivating hearts and endearing him to many. His music videos involve some mild dance moves, suits and hats, think of Michael Jackson? Yea, something like that. He has made plenty of the money everyone needs through his EME records, collaborations, deals and most recently, he ventured into acting. He’s a billionaire, thanks to music and his net worth is valued at N2.3 Billion Naira.
Iyanya Onoyom Mbuk (born 31 October 1986), better known by his stage name Iyanya, is a Nigerian recording artist and performer. He rose to fame after winning the first season of Project Fame West Africa, and is best known for his hit single “Kukere”.He co-founded the record label Made Men Music Group with Ubi Franklin in 2011. He released his debut studio album, My Story, in 2011. It was supported by the singles “No Time” and “Love Truly”. Desire, his second studio album, contained the singles “Kukere”, “Ur Waist”, “Flavour”, “Sexy Mama”, and “Jombolo”. He won the Artist of the Year award at The Headies 2013. In October 2016, Iyanya announced via Instagram that he signed a record deal with Mavin Records after signing a management deal with Temple Management Company months before. He first announced his intentions to leave Made Man Music Group in July 2016. From simple Calabar origins, Project Fame took him to Lagos where we were well famed via his hard work and incredible talent. His singles are fabulous and steer up excitement in listeners which is not void of intense dancing. Iyanya himself is a very fine dancer with his waist doing most of the dancing to the delight of his female fans. His thrilling performance in numerous shows is a pointer to his aficionado in music. He’s a recipient of numerous awards and ambassador for different brands. Iyanya’s net worth is estimated at N1.9 Billion Naira.
Olamide Adedeji (born 15 March 1989), known by his stage name Olamide but popularly called Olamide Baddo, is a Nigerian hip hop recording artist He records mostly in Yoruba, his native tongue. In 2011, he released his debut studio album Rapsodi while signed to Coded Tunes. YBNL, his follow-up album, was released under his label imprint YBNL Nation. The album was supported by the singles “First of All”, “Voice of the Street”, “Stupid Love”, and “Ilefo Illuminati”. On 7 November 2013, he released his third studio album Baddest Guy Ever Liveth. The album’s singles include “Durosoke” and “Yemi My Lover”. On 17 July 2013, Olamide became the first Nigerian to sign an endorsement deal with Cîroc. Olamide has been nominated and won several music awards, including multiple Nigeria Entertainment Awards and The Headies Awards. He raps majorly and collaborates with other artists in a spiced up mix. He runs his own annual show tagged “OLAMIDE LIVE IN CONCERT”. This show shuts down the city of Lagos and is good news for his pockets. Lots of performances and deals direct traffic to his income including his record label. He has created dancing steps that have gone viral and strengthened his credibility and popularity. For his hard work and fame, his net worth is estimated at N1.9 Billion Naira.
In summary, we have listed the top 10 musicians in Nigeria here; this list might change we time flame as they continue to get more endorsement deals, Below is a list of the top 10 richest musicians in Nigeria and their net worth 2018.
- Don Jazzy
- Tu Baba
- Banky W
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