Top Richest Nigerian Musicians | Richest Musicians in Nigeria

Over the last decade,A lot of Nigerians have been asking who is the richest musician in Nigeria in
2018,Nigerian has produced some of the best and richest musicians in Africa as music continue to pay heavily in Nigeria for the past 13 years.This list was put together using factors such as
endorsement value, popularity, show rates, Sales, awards, YouTube views, appearance in newspapers, investment, social media presence, Influence and so many other factors.Net Worth does not necessarily mean the amount of money you have in the bank. It is how much you are worth as an asset base on your works, your achievements, investments, and popularity. So, when we talk about richest musicians in Nigeria.

In this post, we’ve compiled a list of the top richest musicians in Nigeria based on factors.
Meanwhile, Nigerian Hip hop music is  a very lucrative industry. The earliest Nigerian Hip hop musicians were Junior & Pretty, Daniel ‘Danny’ Wilson, Plantashun Boiz, Remedies with members Eedris Abdulkareem, Eddy Remedy & Tony T.

Afro Hip hop It dates back to 1980 when young Nigerian mostly unemployed, took on the pattern of DJ Kool Herc, Grandmaster Flash and Afrika Bambata were legends of Afro Hip hop to make music at a cheap rate using local Nigerian Language.


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List Of Top Richest Musicians In Nigeria

Wizkid

Ayodeji Balogun Ibrahim popularly called Wizkid,He started his musical career at the tender age of 10. However, he didn’t become popular until 2010  Holla at your boy video, Wizkid is an internationally recognized musical act. He has collaborated with acts like  Treyz Songz, Tulisa, Kendrick Lamar,Drake, Chris Brown and Tinie Tempah.He is the richest musicians in the country with a net worth of over $11 million.

Davido

Davido whose real name is David his passion for music has kept him going.Over the years, he has released several hit songs, some of which include Aye, Gobe, Skelewu, If amongst other.
 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,He has endorsements with big brands like First Bank, Guinness, Pepsi and MTN. His Pepsi Endorsement is worth an estimated N100 million.
David Adeleke is worth an estimated $16 million deal.

Peter & Paul Okoye (formerly P-Square)

P-Square are Nigerian R&B duo of identical twin brothers Peter Okoye and Paul Okoye.Peter and Paul Okoye are graduates of Business Administration from the University of Abuja They produced and released their albums through Square Records. Over the years, Psquare has won several national and international awards. Some of these include Channel O Music Award, Mtv Africa Music Awards, KORA Awards, the headies and many more.
This R&B duo of Peter and Paul Okoye have an estimated networth of $150 million.

Don Jazzy

Don Jazzy is the founder of the defunct Mo’ Hits as well as Mavin Records. He is arguably the richest producer in the country.He happens to be the only person on this list without a single song of his own.superstars such as Reekado Banks, Korede Bello, Tiwa Savage  working with the brand.

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[17]
The Headies 2014 – Producer of the Year for Dorobucci. Don Jazzy is worth an estimated $100 million.

 Flavour 

Almost every artiste in the industry has featured Flavour in their songs.Chinedu Okoli also known as Flavour N’abania is another entertainment super star that has amassed a lot of wealth through music. His vocal ability is unrivaled. One of the very best the industry has ever seen.He released his first album in 2010 which was titled N’abania and he has released over 5 albums in the last 12 years. These include..
N’abania Uplifted
Blessed
Thankful and
Ijele the traveller
In 2014, his smash hit, Ada Ada won the award for best video of the year at the Mtv Africa Music Awards and the Africa Music Magazine Award.

D’Banj

Kokomaster or D’Banj, Oladapo Daniel Oyebanjo is one of the most popular and richest He has shown that what you need to be successful takes only you.

Oliver Twist is his greatest hit that was produced by Don Jazzy.
Currently, D’Banj has endorsement deals with Ciroc and SLOT and he’s said to be worth an estimated $6 million dollars. And outside music, D’Banj has a number of investments which include manufacturing and hi-end tech services.

2Face

2Face is a music legend. His roots as a musician can be traced to the defunct Plantashun Boiz which he formed along with his friends, Face and Black Face.
He’s a present-day icon in African pop culture. By the time he quits music, he will be studied in universities across Africa. African Queen remained his biggest hit ever, meaning that this legend lives largely in the past glory.
He has not been able to do another song more popular than the famous African Queen or even close to its popularity. But what he lack in hit songs, he made up in reproduction, building future generation of Idibias.

Some of the awards include MTV Europe Music Award, World Music Award, Channel O Music Video Award, BET Award, MOBO Award and KORA Award.
2Face is married to Annie Idibia. They got married in May 2012. However, the musician has 7 children from 4 different women including Annie.2Face Idibia is worth an estimated $5.8 million.

Olamide

Olamide Adedeji popularly called Olamide Badoo,
One of the craziest indigenous rappers that we have in Nigeria and Africa.
He has carved out a niche for himself using his local dialect.
He has numerous songs that were hit back to back.
His current song ‘wo’ is doing well and it is also getting airplay in parties, radio and TV stations.

Olamide is one of the most hardworking entertainers in the industry. He has released a studio album every year since 2011. His albums include:
Rhapsodi (2011)
YBNL (2012)
Baddest Guy Ever Liveth (2013)
Street OT (2014)
Eyan mayweather (2015)
The Glory (2016)
Olamide has secured several multimillion naira endorsements with brands like Ciroc, Guinness and Etisalat. His most recent endorsement was secured in 2017 when he became a brand ambassador for Sterling Bank. he’s currently worth an estimated $28 million

Banky W

His real names are Bankole Wellington and he’s also known as Mr Capable. Banky began singing in the church choir at the tender age of 8, Born in 1981 in the United States, He release his first album was released in 2003 titled, He moved back to Nigeria in 2008 after which he released the album, Mr Capable. One of the songs on the album, Ebutte Metta was a smash hit.“Undeniable.”
From Etisalat to Samsung, he has the knack to land juicy endorsement deals anytime. Started with a copycat of Rihanna’s song, he graduated to international superstar, doing original songs and winning awards. Banky W net worth is $9.0 million.

Timaya

He is among the best and perhaps the music star to be very successful out of the Niger Delta.

This is the king of dance hall in Nigeria with a strong vocal power in the industry.
He is fondly called ‘Egberi Papa 1 of Bayelsa’. He has so many hit tracks and other businesses he does.

‘Sanko’ hit 2 million views while the song ‘Bum Bum’ featuring Sean Paul, has over 16 million views on YouTube.Timaya charges between N1.5 to 4 million per show. He has also had endorsements deals with telecoms giant Glo and Mtn. Recently, he signed a deal with Hennessy which was said to be worth several millions of naira

He is the CEO and founder of Dem Mama Records.
With a net worth of $5.5 million

M.I

M.I has certainly done a lot to bring musicians from Northern Nigeria to the entertainment scene especially from Jos where he used to reside.

He’s the rap artiste that changed the game of rap in Africa.

He is among the major stakeholders in Chocolate City Records and is credited with the rise to fame of Ice Prince Zamani.
He has a rep that will be too tough for anyone to defeat.
Currently, he is the CEO of Chocolate City Records, a record label based in Abuja.
His popular hip hop albums include

Talk About it (2008),
MI2 (M.I album) 2010,
The Chairman (2014)
Some of his hit songs include Crowd Mentality, Teaser, Anoti, Fast Money  Money Fast Cars, Number 1, Action film, Undisputed Champion and One Naira.
M.I has been credited with the rise of many entertainers in the country like Ice Prince, WizKid, Jesse Jagz, Brymo etc.
His current net worth is $3.9 million

Iyanya

Iyanya partook in the Project Fame West Africa in 2008 where he emerged winner.Not until he unleashed his hit song ‘Kukere’ that turned things around for him.

From a broke ex-winner to a worldwide renowned superstar.

He was an R’n’B artiste that later switched over to Afro-pop.

Which has shown that you have to give the people what they want in Nigeria in order to be successful.
His hit songs include Kukere, Le kwa ukwu and Gift. Kukere has over 16 million views on YouTube. The song won the award of Hottest Single of the Year during the Nigerian Entertainment Award. Kukere also won the Best pop single at the Headies.
His net worth is $3.5 million.

Tiwa Savage

Known as the First Lady of Mavins Record,Tiwa Savage is among the Nigerian musical artistes whose average music video grosses over 1 million on Youtube. She has five music videos with that have more than one million views each. Tiwa Savage Prior to her rise to prominence in Nigeria, Tiwa Savage used to be a back up singer for the likes of George Michael, Mary J. Blige, Chaka Khan, Blu Cantrell, Emma Bunton, Kelly Clarkson, Andrea Bocelli, and Ms. Dynamite, amongst others.

She was also known to have performed on stage with the likes of 50 Cent, Black Eyed Peas, Eminem, Robbie Williams and Black Eyed Peas.
Some of her hit singles include Eminado, Kele kele love, Ife wa gbona and many more.
She is currently worth $3 million and charges up to N10 million per show.

Kcee

KCee was formerly part of the duo KCPresh, is one of the luckiest guys in the industry.
Kcee is the brother of businessman and multimillionaire, Emeka Okonkwo popularly called E-Money.
The duo used to sing together under the name, ‘KC Presh.’ They were said to have initially met in church after which they entered for the StarQuest show where they emerged winners. They were together for 12 years before going their separate ways in 2011.
he was appointed by Patience Jonathan as the Peace Ambassador of the Federal Republic of Nigeria in 2014.
The song, Limpopo won the song of the year during the Headies in 2013.
His current net worth is estimated at $2 million

Tekno

His real names are Augustine Miles Kelechi and his sojourn into music started officially when he signed a music contract with Made Men Music Group.
The 25 year old singer, rapper and producer has released several hit songs in the last few years. In fact, his hit single, Duro currently has over 34 million views on YouTube
Tekno has produced hit songs for entertainers for the likes of Davido, Lynxx and Flavour. These include songs like If, Pray for you and Catch You.
He has an estimated net worth of $1.7 million.

Phyno

Phyno is arapper singer, songwriter and record producer.
His real name is Chibuzor Nelson Azubuike. Apart from his hit songs, Phyno has used his production skills to produce songs for the likes of Timaya, Flavour, Ruggedman, Bracket and J Martins.
Phyno is popularly known as the ambassador of rap in Igbo music. His rap combines Igbo, English and Pidgin.
He is a brand ambassador of Telecoms Giant, Globacom. This deal is siad to be worth millions of naira. Currently, Phyno earns between N3 to 4 million per show.
Phyno started rapping in 2010 and subsequently relocated to Lagos to continue his music career.
He’s reportedly worth $1.6 million