List Of Top Richest Musicians In Nigeria And Net Worth 2018;
Every Nigerian music artist is trying to strive and make it within few years of venturing into the music industry without knowing it’s not all of them that will surely make it big with Music unless they invest in other things such as Agriculture, Transportation or Hotels and Management.
On this page today, I will be sharing with you Forbes list of top 10 Nigerian richest musicians and I won’t be talking about why you won’t make it as a musician in Nigeria. What I will be sharing exactly is the net worth of these richest Nigerian artistes.
My list was compiled according to reports culled from Forbes, Oasdom, Naijaloaded, Jaguda, and Nigerian-finder respectively.
Before I was able to compile this list of richest musicians in Nigeria, I took my time and browsed through the listed blogs above because they are an Icon already in the Nigerian Internet world and not just that, they know more about trends in the Nigerian Music Industry because they’ve been blogging for long even before my blog was established.
Some of their lists are old but you don’t need to worry anymore since I’m there for you. For sure, I’ll be providing you a comprehensive list of top 10 richest musicians in Nigeria and their net worth respectively.
Before you read my list of top 10 richest Nigerian artistes, you should note that this article was written by someone like you as some of the net worth figures might not be exactly right. Should in case you know the current net worth of any listed Nigerian musician and it’s not the same as the one I provided below; Kindly use the comment box to get back to me as I will review your comment, approve it and update the blog content about the top 10 richest musicians in Nigeria and their net worth.
TOP 10 RICHEST NIGERIAN MUSICIAN/ ARTISTE & NET WORTH 2018 [FORBES]
#10. Tiwa Savage
Yes, it may come as surprise that she is on the list, the fact here is she’s got the money.
Tiwa Savage has been in the Nigerian Music Industry for quite some time a now, making waves through hit singles and collaboration with quite a number of other artistes like Wizkid, Mayorkun, and Olamide. Of course, as a popular figure in the music industry she has made huge fortune from endorsement deals, and her net worth currently is about 5 million dollars.
Chinedu Okoli aka Flavour is another Nigerian artiste who is really making it big in the Nigerian music industry. Flavour own and lives in a mansion which is worth millions of dollars, and in fact, his car collection is enough to clear your doubt that he’s making huge wealth in the music industry.
Popularly known as the Koko master, D’banj is another wealthy Nigerian who has made his wealth from his musical career and several other investments. The songwriter and entrepreneur alongside Don Jazzy co-founded MO’ Hits record label before they both split.
D’banj who has now evolved into an international act has signed several endorsement deals worth millions of naira and Dbanj net worth is currently valued at about 1.08 million naira.
#7. Banky W
Olubankole Wellington, known by his stage name Banky W is a Musician, songwriter, actor, and rapper. The 37 years old singer got wedded to Adesuwa Etomi in 2017, and their wedding was the talk of the town.
Banky W has acquired his huge fortune mainly as a singer, actor, and of course through multi-million naira endorsement deals.
I know you all must have wondered why you’re yet to find his name on the list, but here you have it. Phyno whose worth is 15million dollars is regarded as Nigeria’s 6 richest artiste.
The Fada Fada crooner has not ceased to give back to back hits, especially in collaboration with fellow rap king Olamide. When we talk about Kings of indigenous rap we give it to Olamide for his cool rap in Yoruba language while Phyno owns it when it comes the rapping in Igbo language, rocking it better than Mr. Raw. Hits songs such as Fada fada, Augment, Onyeoma, and his latest, N.W.A featuring American rapper Wale gives us no doubt that there are more to come from the indigenous rapper.
Talking about wealth, Phyno makes cool money from endorsement deal and investments in real estate and several other businesses.
Olamide identified by his stage name Baddo/Olamide is yet another rich Nigerian artiste and rapper. He is the CEO and founder of YBNL Nation record label, that has produced other top acts like Adekunle Gold.
Olamide has not only made his wealth from music but also largely from endorsement deals with top organizations like Guinness, Etisalat now identified as 9mobile, Ciroc, etc., all of which have fetched him billions of naira. Olamide who is regarded unarguably as the King of Yoruba rap in Nigeria is also a business-man and a good investor, as he is said to invest immensely in Lagos state.
Innocent Ujah Idibia popularly Identified as Tuface Idibia or 2baba could be regarded as a legend in the Nigeria Music industry. Tuface has been doing his thing in the Nigeria music industry for over 10 years.
For years, 2baba has been regarded as the richest artiste in Nigeria and extensively in Africa before the emergence of Davido and Wizkid. Tuface makes his wealth not only as a musician, but also as an investor, and through huge endorsement deals. Tuface is valued at 24 million dollars.
#3. Don Jazzy
The Mavins boss is regarded as the 4 wealthiest Nigerian artiste. Don jazzy, through his years in the Nigerian music industry, has developed lots of talents who have turned out, to be well-celebrated celebrities. Artistes like D’banj, Reekado Banks, Korede Bello, Tiwa Savage will always talk about Don Jazzy when they tell about their journey through the Nigerian music industry.
Don Jazzy is believed to charge nothing less than N250,000 to produce a song, and he has also bagged several multi-million naira deals. All these are enough to tell how the multi-instrumentalist and Mavins CEO makes his wealth.
Wizkid, identified as Starboy the founder and CEO of Starboy Music record label was ranked by Forbes among the richest celebrities in Africa which should be no doubt that, he’s gonna be among the top richest Musicians in Nigeria. Wizkid’s real name is Ayodeji Ibrahim Balogun an award-winning act who is recognized not only in Nigeria but internationally. His hit songs continue to top the musical billboard chart and have recorded financial success in the musical industry.
One thing that’s special about Wizkid is that he charges more than 5 million Naira per show depending on the kind of client he’s negotiating or doing business with and has an estimated net worth of $40 million according to Forbes.
Davido is the richest musician in Nigeria at the moment. He’s identified as David Adedeji Adeleke but recognized by the stage name “Davido”. Ever since Davido started music, he’s always been on hit songs and his music being played and played and listened to by Millions of people via MTV Base as well as HipTV.
He’s no doubt the best in the Nigeria entertainment industry. Just recently did this DMW boss acquired a private jet and bought 45 Million Porche for her girlfriend Chioma.
Davido has gotten tons of awesome awards such as the Mobo award, and also emerging the best African Act for the year 2017, beating a field of artists, including Wizkid.
Right now I believe Davido’s net worth is ranked above $45 million.