Forbes Top 10 Richest Musicians In Nigeria 2018: You Won’t Believe Who Is No. 7

Forbes Top 10 Richest Musicians In Nigeria 2018: You Won’t Believe Who Is No. 7

To discuss the richest musicians in Nigeria today is not out of place as the music industry is a billion Naira industry. Being a musician is one of the highest paying professions in the world at the moment. This article will also tell you the net worth of these musicians and those things that give them money apart from just singing to entertain their fans. Nigerian fans are always asking questions like:

  • Who is the richest Nigerian Musician?
  • Who are the top 10 richest musicians in Nigeria?
  • Which Musician has the highest number of fans in Nigeria?

Whichever question you are asking as a Nigerian, who loves good music, be rest assured that this article will help you with answers to those questions. The net worth of these musicians will make you shiver. For these Nigerian music artists to make it to the top 10 richest list, they have put in the needed time, energy, and effort to achieve such a success. You will also find some of the listed Nigerian music artists among the top 10 richest musicians in Africa. These Nigerian music icons are both national and international award winners. They have released songs that have made waves even beyond the African continent. In this article, you will see the top 10 richest musicians in Nigeria and their total net worth.

Also Read: Full Biography And Net Worth Of 2Face

Forbes Top 10 Richest Musicians In Nigeria 2018

  1. Davido ( Adedeji David Adeleke)

 Richest Musicians In Nigeria

He is the man leading the chart among the richest musicians in Nigeria according to Forbes. His estimated total net worth is N20 Billion. Since coming into the limelight of the Nigerian music industry, Davido has won series of individual music awards. At the moment, he owns and controls his own record label. No one actually expects less from the son of a Nigerian billionaire. For Davido to attend your show, you have to part with at least N10 million. He currently purchased a private jet. His latest hit track song “Assurance” is still ruling the Nigerian airwaves.

  1. Wizkid ( Ayodeji Ibrahim Balogun)

 Richest Musicians In Nigeria

You will agree with me that Wizkid is no longer a kid when you consider the amount of wealth he has currently controlled. Popularly known as Starboy, Wizkid came into the limelight while he was still with the EME record label owned by Banky W.  At the moment, Starboy features international artists like Drake, etc. He has founded his own record label called Starboy records. Wizkid has endorsement deals with Pepsi, Globacom, etc. His net worth is estimated to be about N20 Billion according to Forbes.

  1. Don Jazzy ( Ajereh Collins)

While at the helm of affairs of the MOHITS Crew, he transformed and rebranded the Nigerian music industry. He is currently the founder of Mavin Records that has been making waves in the Nigerian music industry. When you discuss the richest musicians in Nigeria, Don Jazzy is not far from the discussion. He is even seen as the richest and most influential music producer in Nigeria. His Forbes estimated net worth is N17 billion.

 Richest Musicians In Nigeria

  1. D’Banj ( Oladepo Daniel Oyebanjo)

He took over the Nigerian music scene by storm with his peculiar styles and performance. Although not as popular as he uses to be while a member of the MOHITS Crew, he still has it in him to trill his fans. The Koko Master as he is fondly called is the son of a Nigerian military officer. His net worth is placed at N16 billion. For the Koko Master to grace your event, N5 million must be in the bag for him.

  1. 2FACE ( Innocent Ujah Idibia)

 Richest Musicians In Nigeria

2Face is a highly respected musician and artiste in the Nigerian music and entertainment industry. His humble demeanor is unrivaled among his equals. He has been consistent for the past 2 decades. He is married to Annie Macaulay, a Nigerian actress. He has been consistent in appearing on this list for a very long time. To many Nigerian music lovers, the songs of 2Baba are evergreen. He is the first Nigerian music artiste to win an MTV award. His record label is Hypertech. His total net worth is estimated to be about N15 Billion.

  1. PSquare ( Peter & Paul Okoye)

 Richest Musicians In Nigeria

These twin brothers have been on top of this list of richest musicians in Nigeria over the years but have been overtaken in recent times majorly due to their breakup. They have a whole lot of endorsement deals and other businesses that generate money for them. Their net worth is placed at N8 billion each.

  1. Timaya ( Enitimi Alfred Odom)

He is one of the very few Nigerian music artists that came from nothing, but today he is among the top richest musicians in Nigerian. This can only happen through consistency and hard work with a very strong focus. His endorsement deals with Hennessey and Globacom runs into millions of Naira. His net worth is placed at N7 billion by Forbes.

  1. Banky W ( Olubankole Wellington)

 Richest Musicians In Nigeria

According to Forbes, his net worth is N6 billion. Banky W just like 2Face is married to a Nigerian actress in the person of Adesua Etomi. He is the one that brought Wizkid into the Limelight of the Nigerian music scene. Banky is loved by Nigerian fans for his romantic songs. He is currently a brand ambassador to a couple of big organizations. He has also ventured into the movie industry where he has featured in the award-winning movie called “Wedding Party”.

  1. Phyno ( Azubuike Nelson Chibuzor)

 Richest Musicians In Nigeria

He has been on top of his game for the past couple of years with close pal Olamide. He is the best Igbo rapper in Nigeria and has also won many individual awards. According to Forbes, his net worth is placed at N5.5 billion. For Phyno to appear at your event or show, you have to pay at least N2.5 million. He has a series of endorsement deals, investments in real estate and other profitable business ventures.

  1. Olamide 

 Richest Musicians In Nigeria

The last but not the least on the list of top 10 richest musicians in Nigeria is Olamide. Since coming into the Nigerian music scene, he has remained consistent as one of the best rappers in the Nigerian music and entertainment industry. Popularly known as Badhoo, he founded his own record label called YBNL Nation. He has marketed more than 40 million copies of his album across the globe. His hit songs include Melo Melo, Story for the gods, Bobo, Lagos boys, etc. He has endorsement deals with Guinness, Glo, and 9Mobile. His net worth is valued at N5 billion.

In conclusion, there are lots of musicians in Nigeria that are doing wonderfully well financially. Because this list is specifically for the richest musicians in Nigeria, the list is limited to only these 10 names. The music industry is really growing very fast and new and entertaining musicians are coming up from every angle. The likes of Patoranking, Tekno, Falz, etc are doing great in the industry

 

 

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