Top 10 Richest Musicians in Nigeria 2017 and Their Net Worth (Exclusive)




Here's a list of the richest musicians in Nigeria. These artistes have been around for several years and has made an imprint in the Nigerian music world.

Some of them have gone out wide to become recognized internally international artistes with global recognition. This list of the richest musicians in Nigeria is an upgraded list artistes who made top 10 in previous lists may not be succinctly listed to be s rich as they were on the list.

Their wealth cannot be estimated accurately as some of them in reality hardly can determine it, but from competent sources like Forbes and Naij, the list of richest musicians in Nigeria has come into a reality. Here's our list of top 10 (+2) richest musicians in Nigeria:

#10: Banky W — Net Worth: $7.6 Million Dollars

Top 10 richest musicians in Nigeria

Banky W is a model and music mentor, he starred in the now popular and booming play by Ayo Makun titled The Wedding Party wherein he was engaged and married to Adesua Etomi, a Nigerian actress. Banky W has properties worth millions of naira and he is the CEO of EME.

He has signed multimillion naira endorsement deals with mega brands including Samsung and 9Mobile (previously Etisalat). Banky W has an estimated net worth of $7.6 million US dollars.

His multimillion naira endorsement deal with Ciroc is still one to be remembered and reckoned. Banky W mentored a few booming artistes including Skales and Wizkid, who now has his record label, StarBoy Records, and has gone international musically.

#9: Flavour — Net Worth: $7.9 Million Dollars

Current richest singers in nigeria

Chinedu Okoli, popularly known as Flavour N'abania is another artiste who's got great physique. He loves showcasing his 6 abs and glowing skin in shirtless photos. Flavour is one different artiste who has topped the modern highlife music chart today in Nigeria. He has an estimated net worth of $7.9 million dollars.

He has released a couple of hit songs and has made over N500 million naira from music sales. He signed a 2-year contract with Guiness Nigeria worth millions of naira in 2014 and signed a deal in 2016 with Life Beer, Guiness Nigeria's top rival.

In August of the same year, 2016, Flavour pitched another deal with Flat Tummy Tea. The deal was rumoured to be worth millions of naira too. He's a man of millions and is one of the richest musicians in Nigeria.

At a time, he was rumoured to be going out with Nigeria's foremost female singer, Chidinma, but he debunked the rumour, stating that they're both just friends who love and do music passionately together.

#8: M.I — Net Worth: $8 Million Dollars

Jude Abage net worth

Jude Abaga (famed as M.I) is a incredible Nigerian rapper with the best flows. He's not the fastest, no, but he's still the best lyrically. M.I has an estimated net worth of $8 million dollars.

He's the lead artiste at Chocolate City and has been the CEO until 2015. He delved into music when he discovered he was not supposed to be saying jokes.

He discovered and made a final decision when he performed at an event and laughed at his own jokes without anyone else laughing to his jokes. M.I is incredible and he is one of the richest musicians in Nigeria.

#7: Burna Boy — Net Worth: $10 Million Dollars

Richest musicians in Nigeria

Burna has gotten so much love from his fans due to his raw music style. He's a Nigerian reggae/dancehall musician with an estimated net worth of $10 million dollars.

He earns from show bookings, music sales and from his numerous endorsement deals. In 2016, he signed an endorsement deal with Martell Cognac. The deal was rumoured to be worth millions of naira.

He has also signed a deal worth over N1.3 million naira with Globacom. Burna Boy's cars in total would amount to over N100 million naira. He lives a very comfortable and well suited lifestyle and his fans love him

#6: Davido — Net Worth: $16 Million Dollars

Davido net worth

Davido is a music artiste who's achieved a lot at such a young age. He's one of the richest musicians in Nigeria with an estimated net worth of $16 million dollars.

He was born as David Adedeji Adeleke and is the second and last son of Dr. Adedeji Adeleke (a Nigerian billionaire and business mogul).

Davido is the Boss at DMW record label which has signed in artistes like Lola Rae, Mayorkun and Dremo. He earns from shows he's invited to grace and perfrom, and also, he earns from his music sales online and offline.

His songs walk slowly to top music charts after days of going live and viral. He signed a N30 million naira deal with MTN Nigeria in 2012. As part of the deal, he would be showcased as the face a marketing campaign for the network operator, MTN Pulse. The following year, he penned a new deal with Guiness Nigeria.

He performed live on stage at the Guiness World of More Concert alongside artists Iyanya, D'banj, Yemi Alade, Ice Prince and others as part of the signed multimillion naira deal with Guiness Nigeria. He has also bagged N100 million naira ambassadorial deal with one of the biggest soft drink company and brand, Pepsi.

Davido is not dependent on his father's wealth and without his father's wealth, he has made so much from his record label, songs, and entire career to make him one of the wealthiest Nigerian musicians today. He is among the few musicians in Nigeria who's inked a music deal with Sony Music.

#5: Wizkid — Net Worth: $19 Million Dollars

Richest musicians in Nigeria

Wizkid is another music legend with international recognition. He has an estimated net worth of $19 million dollars. He has earned a lot, over N3 billion naira from music sales and endorsement deals. He's the boss at StarBoy Records, a classic and top record label in Nigeria.

He's signed really good artistes including R2bees and Mr Eazi, who earn him millions from their productions. Wizkid is an international music star who has featured and has been featured by foreign stars. He recently featured Drake in his hit single, Come Closer.

Wizkid signed a $350,000 dollar endorsement deal with Pepsi drink company in 2012 and over N40 million dollar deal with MTN Nigeria around the same time in 2012. In 2013, he got closer to Globacom after they signed as a brand ambassador for N100 million naira. He has also signed a multimillion naira deal with Guiness Nigeria.

#4: 2Face Idibia — Net Worth: $22 Million Dollars

2baba net worth

2face Idibia is a Nigerian music legend and husband to actress Annie Idibia with an estimated net worth of $22 million dollars. He started music far back over 2 decades ago and has built his fan base through hard work and consistency.

2face is not a small boy in music, you know that, he's one of the richest and most respected musician in Nigeria who commands respect from even those richer and more powerful than he is.

He currently has 6 music albums and has sold over 10 million copies of those albums globally. 2Baba as he is often called, is the Boss at Hypertek Entertainment and earns a lot from online music and video sharing platforms like iTunes and YouTube respectively.

In 2005, he bagged a multimillion naira deal with Guiness Nigeria, and signed a deal worth about N20 million naira with the smart phone network operator, Airtel.

#3: D’Banj — Net Worth: $25 Million Dollars

D'banj net worth

D'banj is otherwise known as the KoKo Master. He has gone international with his music as he dropped songs featuring vocals from American singers Akon and Snoop Dogg in the past. D'banj has an estimated net worth of $25 million dollars.

He earns from shows, endorsement deals and also, from his music sales. He has made over N2 billion naira from music sales and collaborations alone. He joins the league of musicians who signed endorsement deals with reliable network operator, Globacom.

His deal with Globacom was reportedly worth N100 million naira. D'banj has a multimillion dollar deal with Sony music and he was endorsed in 2014 by Apple/Beats by Dre. He stands as one of the richest musicians in Nigeria no doubt.

#2: Don Jazzy — Net Worth: $35 Million Dollars

Richest Nigerian musicians

Don Jazzy is the Boss at Mavin Records, a topnotch recording label in Nigeria, with an estimated net worth of $35 million dollars. He was listed by Forbes Magazine as one of the top 40 most influential celebrities in Africa and HSS won several awards for his contribution to Nigerian music.

He is also a producer, businessman and songwriter. Don Jazzy gets a cut from whatever is produced by his artistes, including from the cash gain of singers like Korede Bello, Reekado Banks and Tiwa Savage who happen to be artistes under Mavin Records.

He is one of the richest musicians in Nigeria at the point as he has other properties across Nigeria worth millions of naira and also, other businesses. Don Jazzy signed a N49 million naira promotion deal with milk drink brand, Loya, in 2012 and has also signed a N100 million naira deal with Samsung, the very popular technology brand and company.

#1: P Square — Net Worth: $70 Million Dollars

P Square net worth

P Square duo singers have topped the chart for years now, reason being that their net worth is inseparable and they operate as a team and not as distinctive musicians. They are the richest musicians in Nigeria with an estimated net worth of $70 million US dollars.

They earn from their music sales, tours, shows and endorsement deals. The duo singers are paid more than other artists, charging as high as N7 million naira per show.

They are paid N7 million naira for just a show, and they usually have tight schedules due to too many show bookings, they perform at over 50 shows yearly. That'll be 50*70, which will give a whooping N350 million naira annually from shows alone. They bagged the N150 million naira KORA Awards for Best Artist of the Year.

P Square is now a brand name and a household name in Africa and beyond as they have have fans in European countries and the Asia continent, in short, globally. They've grown to become not just the richest musicians in Nigeria, but one of the Nigerian artistes who has gone international.

Everyone loves P Square because they're consistent together, started long ago (over 15 years), released hundreds of songs and are here today, topping the chart of the richest musicians in Nigeria 2017.

Artistes who made the list but have been moved to other numbers below 10 include:

#1: Timaya — Net Worth: $5 Million Dollars

Net worth of Timaya

Timaya is the CEO and lead artiste at D.M (Dem Mama) Records with an estimated net worth of $5 million dollars. He is one of the most charismatic and one of the richest musicians in Nigeria.

When Timaya started out, his songs were mostly about the damages taking place in the Niger Delta region of Nigeria. He sang about the soldiers and what they did to their parents back home, all he did then was send messages through music and this greatly renewed the minds of the Niger Delta indigenes.

Now, he's got no much problem singing about anything else as he has nothing but his peace and money. Timaya in 2016 signed an N87 million naira endorsement deal with the "Rule Your World" themed network operator, Globacom.

Another multimillion naira deal was set with Hennessey X.O. Cognac. He's a role model to thousands of would-be musicians and has made over N500 million naira fortune from his singing career.

#2: Iyanya — Net Worth: $6 Million Dollars

Richest musicians in Nigeria

Iyanya is one artiste with the best physique. He has an estimated net worth of $7.9 million dollars.

In 2013, Iyanya struck a N35 million naira deal with Solo Phones Nigeria and got a Toyota Prado from the deal. He also signed a $300,000 US dollar deal with Zinox computers, a deal worth over N50 million in naira.

He has grown over the years to become one of the richest musicians in Nigeria. Iyanya was formerly signed under Triple MG record label with Ubi Franklin as it's CEO. Currently, he's marked a scar as a Mavin Records artiste under the tutelage of Don Jazzy. His hit single, Kukere, is still gaining massive airplays till date.

So... Who are the richest musicians in Nigeria in your view?