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10 RICHEST Musicians In Nigeria And Their Net Worth – 2019

wizkid - 10 RICHEST Musicians In Nigeria And Their Net Worth – 2019
Written by Ayomide

Nigerian musicians are some of the richest musicians around the world. Some of them like Davido, Wizkid are known for buying some of their luxury items in cash whether in Naira, Dollar or Pounds.

Besides the Music Industry in Nigeria is so lucrative that making a monster hit can easily through you into a millionaire status if you weren’t already one. That explains why some of our music stars flaunt their affluence on social media.

Below is the ranking of Nigerian music stars according to their net worth.

10. Banky W

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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

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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

Timaya - 10 RICHEST Musicians In Nigeria And Their Net Worth – 2019

Nigerian dancehall star Enitimi Alfred Odom better know as Timaya takes the number 8 position in our positioning. The DM Records manager attempts to stay under the radar yet he is especially to the extent stimulation in Nigeria is concerned. The Bayelsa conceived vocalist as indicated by insiders brings home around 8 million Naira to carry out his responsibility at any event he is called upon to perform. Right now the ‘Parity’ crooner has running supports manages Nigerian TeleCo Glo and Cognac brand Hennessy all worth a few a great many Naira. A couple of months back to last December the vocalist was purchasing new vehicles for his partners and himself to commend the merriments. Timaya’s evaluated total assets is put at N5 billion. Timaya’s estimated net worth is put at N5 billion.

7. Rudeboy (Paul Okoye)

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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)

peter Okoye - 10 RICHEST Musicians In Nigeria And Their Net Worth – 2019

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

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This year 2Face otherwise known as 2Baba denoted his 20 years of being in the Nigerian music industry as a team with Trace Naija. He is the fifth most extravagant artist in Nigeria as per our rundown. The 43-year-old vocalist is truly agreeable by his partners both youthful and old. His altruism and develop mien have made him a magnet of brand underwriting bargain from any semblance of Glo, Campari, and so forth. 2Baba who is additionally well known for his number of youngsters is a top land financial specialist, particularly in the nightlife business. As a predictable hitmaker 2Baba’s net worth is estimated to be about 6 billion Naira.

4. D’banj

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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

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Ace music maker Michael Ajereh Collins also called Don Jazzy is the CEO of Mavin Records, a record mark that has humming act like Rema, Korede Bello, Dr Sid, D’Prince, Johnny Drille, POE, and as of late Crayon and so forth. As of late, Mavin Records got a huge number of dollars in venture from Kupanda Holdings to enable it to extend to Mavin Global. Wear Jazzy is number three on our rundown and one of the most extravagant performers in Africa. The exceedingly worshipped music creator has different organizations outside music. He is a brand represetative for Scotch Whisky Johnnie Walker.The beat maker’s net worth is valued to be around N8.7 billion.

2. Davido

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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.

1. Wizkid

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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.

About the author

Ayomide