With the global appeal of Nigerian music, Nigerian musicians are getting richer and richer with many worth billions.
Below we want to look at a list of ten of the very richest Nigerian musicians and se what they are worth.
PHYNO (N5 Billion)
The Igbo rapper whose real name is Chibuzor Nelson Azubuike is one of the biggest artist from the southern part of Nigeria. He is also a producer and has done songs for Illbliss, Flavour and Olamide. With 2 albums, numerous shows, an endorsement deal with Monster drink and a spot in the real estate game, Phyno is swimming in some serious money.
Olamide (5 Billion)
The YBNL boss is number 9 on this list with an estimated net worth of 5 billion. Adedeji Olamide is his real name and his prolific nature has seen him release 7 studio albums. With 40 million copies sold and deals with 9mobile and Monster drink, Olamide is one of the richest Nigerian musicians out there.
Banky W (N6 Million)
Olubankole Wellington isn’t only a singer, but a song writer, a recording artist, creative director and also the co-founder of EME. He has 5 albums and with his EME label, he brought acts such as Wizkid, Skale, Niniola and Shaydee to the mainstream. EME is now a PR/Advertising firm that manages his wife Adesua Etomi , Tolu ‘Toolz’ Oniru, Ebuke Obi Uchendu and most recently, Mike from the Big Brother house. He is also a public speaker and a politician and he ran for a 2019 House of Reps seat under his political party, MDP, back in February.
Timaya (N7 Billion)
The Rivers state indigene is a real grass to grace story. He really started from the bottom. He released his hit single ‘Dem mama’ in 2001 and hasn’t looked back since. His collaboration with Sean Paul was one of the earliest examples of a crossover. He lives flamboyantly and his social media posts show someone who has an appreciation for the finer things in life.
Peter & Paul Okoye (N8 Billion)
The duo may be separated now, but as P-Square, they were one of the most celebrated Nigerian musical duos. With 6 albums and 40 million albums sold, this duo are a powerhouse. Apart from their music, they also net an income with their stints as brand Ambassadors. They were reported to have charged N20million Naira for shows making them the most expensive duo in Nigeria
Tuface (N15 Billion)
One of the Nigerian musicians one can call an OG, Tuface has been in the game for a very long time. He can be described as a legend and with endorsement deals with Airtel and Coca-Cola, he is not a slouch in the money department. He has won numerous award worldwide including MTV base Europe music award , BET award, One music award, Channel O, MOBO award, KORA, Headies and many more.
D’Banj (N16 Billion)
D’banj formerly of Mo hit records is number 4 on the list with an estimated worth of N16 Billion. He is a popular face on billboards around the country and he has deals with Globacom, SLOT, Ciroc, Beat by Dre, Heritage Bank, One campaign and others. His music has netted him a pretty penny, but even more impressive is the large number of business ventures he has gotten into including: real estate, phones, and food stuffs.
Don Jazzy (N17 Billion)
Collins Ajereh AKA Don Jazzy might not be a Nigerian musician in the traditional sense, but he was an amazing producer and entrepreneur. He engineered D’Banj’s early success and even after D’banj left, he formed Mavin record and moved on like nothing happened. He managed Tiwa Savage to become the star she is now and has other notable names on the label like Korede Bello, Rema, Di’ja, Dr sid and Dr prince. He is an ever present on Social media and his interactions with fans has made him a much loved name. He has deals with MTN and Loya Milk.
Wizkid (N20 Billion)
This award winning singer is one of the most successful Nigerian musicians of all time. Ayodeji Ibrahim Balogun is arguably Nigeria’s best export and this year was on the Beyoncé Lion King album. Before that that he had featured on a track with Drake in a song that was nominated for a Grammy. Wizkid has sold out the 20,000 capacity 02 Arena in London and the 5,000 capacity Royal Albert Hall in London. It is rumoured that he charges N10 million for a show and with an endorsement deal with Pepsi which is reportedly worth 350,000 US dollars, he definitely belongs on this list.
Davido (N20 Billion)
David Adeleke a.k.a Davido is N10 Billion short of his N30 Billion estimation, but he is still probably the most successful Nigerian musician. He has had collaborations with numerous international acts including Meek Mill, Wale and Young thug. He has released album after album and it is estimated that he has sold 50 million albums.
Davido has sold out the 02 Arena as the headliner and has also sold out locations in Suriname and other places. With a billionaire father, a politician uncle and deals with MTN, AXE, Infinix , Pepsi and many more he is completely deserving of his place at the very top of this list.