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Wednesday, 16 May 2018

Latest Top 11 Richest Musician in Nigeria and Their Worth (2018)

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Nigeria happens to be one of the most talented and blessed nations when the pages of music are flipped wide open

At least we still hold firmly that prestigious acclaim “The Giants of Africa” in that regard.
At every sunrise, fresh artists are being birthed across the country and at every dusk, lots of artist smile at the achievements that their hardwork have yielded, coupled with bank alerts as personal honorarium.

Not long ago the list of the top 10 richest musicians in Nigeria 2017 Forbes was presented to the world. In this article, we will answer the question ‘who is the richest musician in Nigeria’?Although these richest musicians in Nigeria presently have other investments apart from their musical career, the actual fact still remains that these richest Nigerian musicians are veterans in the entertainment industry
 
Music pays big time in Nigeria.
Without a cubicle for argument, the country is the entertainment hub of Africa and boasts of a plethora of music artists who rakes in millions of dollars, who have shone bright like shooting stars in international platforms and some are as rich as a country (small ones though).
The net worth of this music stars isn’t static, it’s wave-like, alternating up and down as the clock ticks, so this list is subject to annotations and editing.

The yardsticks employed in this rich list measurement includes but not limited to; Endorsement deals, royalties, performance fees, YouTube rewards, label imprint ownership and collaboration profits.
This list won’t plunge deep into their biographies, it will be summarized in brevity, if you want their full biographies you can check them on our site.

Their net worth are estimated and not really the actual value as most artists if not all, have reservations when it comes to divulging accurate financial details about their private lives.
The estimates are sourced from the yardsticks mentioned in number 2 of these things you’re to take note of.
And just in case you are confused about the idea of Net worth, see this; it really has little to do with any bank statement or account balance.

It’s how much an individual is worth, after a detailed compilation of that individual’s assets and sources of income over a particular period of time, which is why it’s never the same, because some might get hit by one ugly financial misfortune which will shortchange their worth, while some might get more serious with their investment plan an up their game.

 This is the  following latest Top 11 richest musician in Nigeria 

Olamide N1.5 Billion Naira

Known as “BADOO” the voice from the street.
Olamide is a singer and rapper with most of his punchlines reeled out in his native Yoruba lingua.
He has made a name for himself in the Lagos entertainment industry as the champion of the street, giving a hope to those who were once like him that hard work pays.
Steadily he drops his singles in a radical style that reflects his street roots.
He raps majorly and collaborates with other artists in a spiced up mix.
He runs his own annual show tagged “OLAMIDE LIVE IN CONCERT”.
This show shuts down the city of Lagos and is goodnews for his pockets.
Lots of performances and deals directs traffic to his income including his record label.
He has created dancing steps that have gone viral and strengthened his credibility and popularity.
For his hard work and fame, his net worth is estimated at N1.5 Billion Naira.


10. Timaya – Net worth N1.7 billion

 Timaya is like a lion in his own Jungle and he has to be named as one of the foremost booming musicians to come out of the Niger-Delta. All his videos on YouTube have a combined number of over 20 million views. He recently lost his Instagram account due to H@ckers and in less than a week got almost all his followers back. That shows how much his fans like and adore him. He is worth an impressive sum of N1.7 billion.

9. Iyanya – Net worth N1.8 billion

Iyanya has shown that a lot can happen in a short period of time. Three years ago he won MTN Project fame. He has gone ahead to become one of the biggest music stars in the Nigerian music industry. The Yudala ambassador is worth an attractive sum of N1.8 billion.
 

7. Flavour – Net worth N2.2 billion


Chinedu Okoli, who is popularly called Flavour isn’t only Nigeria’s king of latest highlife music. His fame runs through the continent. He has nabbed several endorsement deals, a notable one is with NBC (Nigerian Breweries Company). The singer is valued at an estimated net worth of N2.2 Billion Naira.

6. Wizkid – Net worth N2.5 billion


The stories of grass to grace is never complete till this young talented artists name is listed.
From a traditional indigent  polygamus family, Wizkid rose to become an international star by becoming hangers-on with Banky W, the boss of EME records who harnessed his potential and valorized his prodigy.
You see, whenever chickens become too big, the shell becomes a threat to their existence and so they hatch out and free themselves.
That could be said for “Star Boy Wizkid”.
For obvious reasons, he hatched out of EME records to lead an independent prodigious music career with international credibility.
His magnetic songs has earned him massive prominence, precipitating a very steep demand for his services across Africa.
His songs have topped music charts for umpteenth times, his albums sales are still raking in millions of Naira, endorsement deals have skyrocketed his figures in his bank statements and he’s not even done yet.
Star Boy’s net worth is valued at an estimated N2.5 Billion Naira. 

8. Banky W – Net worth N2.8 billion

Taking the number 8 spot of Forbes list of the Top 10 richest musicians in Nigeria for the year 2017 is Banky W. He is currently the CEO of the popular Nigerian Music Record Label EME. In addition, he is the brand ambassador of Etisalat and Samsung Mobile for the West African region and also has a multi-million naira deal with Ciroc.
Olubankole Wellington with the stage name Banky W is a Nigerian singer who is well famous for the kind of romantic songs he dishes out.
He employs his foreign birth history (Born in the United States) into his music style and if you aren’t careful you could mistake him for a whitey.
After a family relocation from the states back to mother land, he went back again for studies and returned home for the love of green and white.
He floated the Empire Mates Entertainment record label while in school in the states and brought the brand home to sign up and breed great artists.
His love songs are epic and emotional, captivating hearts and endearing him to many.
His music videos involves some mild dance moves, suits and hats, think of Michael Jackson?  Yea, something like that.
He has made plenty of the money everyone needs through his EME records, collaborations, deals and most recently, he ventured into acting.
He’s a billionaire, thanks to music and his net worth is valued at N2.8 Billion Naira.

5. 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. He is presently signed with world music giants SONY records, and he’s one among the few Nigerian musicians with international recognition.

4. Innocent “2Face” Idibia – Net worth N3.5 billion

 
This is the living legend of the Nigerian music industry. He makes his money from shows and endorsement deals with top brands of the country. By far he is one of the most marketable musicians in Nigeria at the moment. The number four spot on this prime ten richest list of Nigerian musicians 2017 is well merited for 2Face Idibia.

3. D’Banj – Net worth N4.7 billion

The Koko Master is the third richest musician in Nigeria at the moment. He makes his money from shows and tours around the globe due to the fact he is a really strong marketable brand. He has also signed top endorsement deals which have fetched him money in recent years.
The Koko master as he is popularly known, is one of Nigeria’s biggest music exports.
From the UK he allied with Don Jazzy, and on their return back to Nigeria, they floated the “Mohits Records” which will later emerge as the most prodigious label in the country.
The fame he got from mohits was enough to sustain him after the group was disbanded.
His solo career rose along with the sun and he became Nigeria’s music gem when he performed at the closing ceremony of the 2013 African Cup of Nations.
You’re not the only one who thinks the Koko master felt “On top of the world” when he performed at the soccer city stadium in South Africa.
His “Oliver Twist” hit single was well famous for having the highest number of views ever for a Nigerian song.
With crazy stage performances worth millions of Nigeria, coupled with lots of endorsement deals amongst others, D’banj’s net worth is valued at an estimated  N4.7 Billion Naira

2. Don Jazzy – Net worth N5.6billion


Don Jazzy is one among the top Music Producers in the Federal Republic of Nigeria at the moment. He is the richest music producer in Nigeria for the year 2017. 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.

1. P-Square – Net worth N13.9 billion

The twin duo PSquare takes the top spot on this 2017 listing of the richest musicians in Nigeria. They make a lot of money from their album sales, endorsement deals, shows, and tours. 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.

 

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