Top 10 Richest Musicians in Nigeria – The Nigeria music and entertainment industry is the fastest growing industry in Nigeria economy today, with a record of over 60% of Nigeria revenue is gotten from the music industry. Besides the oil & gas sector, the entertainment industry is about the most viable sector of our economy.
However, the music industry have has hared multi talented youths and their net worth are not something to write home about. Men like Davido, Wizkid, D’banji, Frank Edwards, Steve Crown, Don jazzy, 2face, and lot more have been charging million of Naria performance fees and have earned lucrative endorsement deal from many companies both locally and international.
Meanwhile, record have shown that the Top 10 Richest Musicians in Nigeria really want though many ups and down so as to get to where there are today. Below are some of the thing that kept them going, They are Strong Willed, this men are very focus, they thoroughly know what there needed, They have strong business plan, they aim big and must importantly they love Nigeria citizens and the world at large.
Top Ten Richest Musicians in Nigeria and Net Worth 2020
1. Davido – $25 million Net worth
David Adedeji Adeleke (born November 21, 1992), better known by his stage name Davido, is a Nigerian singer, songwriter, and record producer.
Born in Atlanta and raised in Lagos, Davido made his music debut as a member of the music group KB International.
Coincidentally, Davido is also the most followed Nigerian celebrity on Instagram and other social platforms, and his tracks amass the highest number of views on YouTube.
Besides being OBO (Omo Baba Olowo), he went all out to become a made-man on his own note. And is currently signed up with several huge companies within& beyond Nigeria on lucrative endorsement deals.
2. Wizkid – $22 million net worth
Ayodeji Ibrahim Balogun (born 16 July 1990), known professionally as Wizkid, is a Nigerian singer and songwriter.
He started recording music at age 11 and managed to release a collaborative album with the Glorious Five, a group he and a couple of his church friends formed.
Wizkid has a lot of lucrative endorsement deals, with top brands all over the world, notably, Glo and Pepsi.
Now owns a record Label named Star Boy Records and net worth is currently estimated by Forbes to be around $22 million.
3. Don Jazzy – $20.8 million Net Worth
Michael Collins Ajereh, better known as Don Jazzy, is a Nigerian record producer, singer, songwriter, and entrepreneur.
He rose to become a prominent figure in the Nigerian Music industry after he collaborated with D’banj to start up one of the biggest record labels in the early 2000s.
Don Jazzy and Mavin Records have several sponsorship deals with top companies and brands from around the world.
If you’re a lady, he is one of the most eligible bachelors around, because he’s still not married yet, and is not known to be in any relationship.
4. D’Banj – $16.6 million net worth
Oladapo Daniel Oyebanjo (born 9 June 1980), known by his stage name D’banj, is a Nigerian musician, singer, songwriter, entrepreneur, television personality, and rapper.
He has won several music awards, including the awards for Best African Act at the MTV Europe Music Awards 2007, Artist of the Year at the MTV Africa Music Awards 2009,
Best International Act: Africa at the 2011 BET Awards, and Best-selling African Artist at the 2014 World Music Awards, Evolution award at the 2015 MTV Africa Music awards.
D’Banj’s net worth is currently estimated by Forbes to be around $16.6 million (₦6 Billion).
5. 2Baba – $16.3 million net worth
Innocent Ujah Idibia (born in Jos, Plateau State, Nigeria), known by his stage name 2Baba, is a Nigerian singer, songwriter, record producer and entrepreneur.
Prior to July 2014, he went by the stage name 2face Idibia. He is one of the most decorated and successful Afro pop artists in Africa, and is also one of the most bankable artists in Africa.
His many years of activeness in the industry has also earned him several endorsements deals with top brands like Glo, Campari, Guinness, and many more others.
He has won several awards, owns several properties and is currently the CEO and owner of Hypertext records.
6. Rude Boy – $16.1 million net worth
Also making our list of top 10 richest music artistes in Nigeria is none other than Paul Okoye – the other half of the defunct P-Square duo.
He is estimated by Forbes to have a net worth of $16.1 million (₦6.3 billion), which is just a few digits shy of his twin brother’s net worth.
In any case, he has been doing extremely fine on his own and has remained with his elder brother, Jude Okoye, who had been the producer for the then P-Square. Paul Okoye currently goes by the name Rude Boy.
7. Mr. P – $15.6 million net worth
Peter Okoye, one of the extinct P-Square Duo, also makes our list of the top 10 richest musicians in Nigeria, with a net worth of $15.2 Million (₦5.8 Billion) as estimated by Forbes.
Although everyone’s favorite musical duo, P-Square, are no longer together, they are both doing very fine on their own.
Peter Okoye is currently signed up with Olympic Milk, Kia Motors, and several other huge companies on lucrative sponsorship deals.
8. Timaya – $13 million net worth
Enitimi Alfred Odom (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.
Timaya’s musical career is over a decade old, and his has had one of the most active voices in the music industry.
Give the beat to Timaya and he’d kill it; that was once the joke that paraded the music industry. And his current net worth is $13 million.
9. Olamide – $9.0 million net worth
Olamide Adedeji (born 15 March 1989), known as Olamide but popularly called Olamide Baddo or BaddoSneh, is a Nigerian hip hop recording artist.
He is the CEO of YBNL record label which is one of the best record label in Africa and the world at large.
His consistent performance paid shows and lucrative endorsement deals with top brands have done enough to earn him a well-deserved 10th place richest musician in Nigeria.
Meanwhile, his current net worth is $9.0 million.
10. Olamide – $8.0 million net worth
Phyno: Chibuzor Nelson Azubuike, Identify him as the best Igbo rapper and hardly would you find somebody who would say you’re wide of the mark.
Phyno is considered remarkable for the sumptuous flow of his Igbo dialect which makes him a recognized rapper across Nigeria.
Meanwhile, the talented rapper is much admired by the Igbo’s just, in the same manner, a multitude of Yoruba’s enjoy Olamide’s charisma.
Currently, Phyno’s excellent shows, adverts and much more have placed him around a net worth of $8.0 million.
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