A lot of Nigerians have been asking who is the richest musicians in Nigeria in 2018
This list was put together using factors such as endorsement value, popularity, show rates, Sales, awards, YouTube views, appearance in newspapers, investment, social media presense, Influence and so many other factors. The list shows the African artistes making the most money in Africa
We present to you the richest Nigerian musician in 2018.
Timaya – Net worth N1.1 billion.
Inetimi Alfred Odon (born 15 August 1980), better known by his stage name Timaya, is a Nigerian singer and songwriter. He is the founder of South South hip hop group Dem Mama Soldiers. His solo career began in 2005 with the release of “Dem Mama”, which also appeared on his debut album, True Story released the following year. His second album Gift and Grace was released in 2008. His videos on youtube has been viewed over 20 million times. He is worth an impressive sum of N1.1 billion.
Iyanya – Net worth N1.8 billion
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. The Yudala ambassador is worth an attractive sum of N1.8 billion.
Banky W – Net worth N2.3 billion
Oluwabankole Wellington (born 27 March 1981), known under the stage name Banky W, and credited in film as Banky Wellington, is a Nigerian singer, rapper and actor. Banky W. is the brand ambassador of Etisalat and Samsung Mobile for the West African region and also has a multi-million naira deal with Ciroc.
Flavour – Net worth N2.5 billion
Chinedu Okoli, better known by his stage name Flavour N’abania or simply Flavour, is a Nigerian singer, songwriter, multi-instrumentalist and performer. He began his musical career as a drummer for a local church in his hometown of Enugu State. The singer is valued at an estimated net worth of N2.5 Billion Naira.
Wizkid – Net worth N2.8 billion.
Ayodeji Ibrahim Balogun (born 16 July 1990), better known by his stage name Wizkid (sometimes stylised as WizKid), is a Nigerian singer and songwriter. He started recording music at age 11 .in 2017 Wizkid beat a strong field including Jay-Z, Drake, Travis Scott and Kendrick Lamar to net the best international artist prize.Other artists edged out by Wizkid are Cardi B, DJ Khaled, Migos, Solange Knowles, SZA. He is currently in partnership with SONY Records
Davido – Net worth N2.9 billion.&
David Adedeji Adeleke popularly known as Davido is one of the best musicians in the Nigerian music industry at the moment.
His 30 billion concert which was recently concluded was said to have trended worldwide and grossed hundreds of millions of naira.
He is presently signed with world music giants SONY records, in November 2017 Davido won the Mobo award , also emerged the best African Act for the year, beating a field of artists, including Wizkid to get the award (Best African Act’’). The MOBO awards, which started in 1996, is Europe’s music award event. It is the most important and influential event for music makers and fans, . Davido currently worth 2.9 billiom naira
Innocent “2Face” Idibia – Net worth N4.5 billion.
Innocent Ujah Idibia, better known by his stage name 2face Idibia, or 2Baba, is a Nigerian singer-songwriter, record producer and entrepreneur. He officially discontinued the use of the name Tuface and selected 2baba or Tu-baba as his stage name. The number four spot on this prime ten richest list of Nigerian musicians 2017 is well merited for 2Face Idibia.
D’Banj – Net worth N5 billion
Oladapo Daniel Oyebanjo, known by his stage name D’banj, is a Nigerian musician, singer-songwriter, entrepreneur and television personality.Dapo adopted his stage name- D’banj from a combination of his first and last names and currently the CEO of MO’ Hits record label. He has also signed top endorsement deals which have fetched him money in recent years.
Don Jazzy – Net worth N6.5 billion
Michael Collins Ajereh, better known as Don Jazzy, is a Nigerian recording artist, record producer and entrepreneur. He co-founded the now defunct record label Mo’ Hits Records in 2004. He is also the boss of the Top record label, MAVIN, which has stars like Iyanya, Korede Bello, Tiwa Savage and Di’ja working with the brand. He is reported to charge about N500,000 to produce a song which explains how he makes his money.
Some of his awards over the last decade include:
- City People Entertainment Award (2015) – special recognition award.
- Nigerian Entertainment Awards (2007) – Music Producer of the Year.
- Nigerian Music Awards (2006) – Producer of the Year.
- The Headies 2011 – Producer of the Year for Over The Moon, Mr Endowed and Pop Something
- The Headies 2014 – Producer of the Year for Dorobucci.
Peter and Paul okoye – Net worth N15 billion
P-Square are 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. Media reports state that P-Square charges as high as 8 Million Naira per show and they appear in a large number of shows yearly which should help you imagine their estimated annual earnings. It can be recalled that they won the KORA awards for Best African Artiste in the year 2010 which came with a mouthwatering 150 Million Naira.
These richest Nigerian musicians have built a strong fan base which has given them that much-needed publicity not just in Nigeria but globally. They are highly respected in the Nigerian music industry. Their popularity has given them the series of awards and because of this they sign endorsement deals on a daily basis.
Credit : forbe list & naij.com