No doubt, Nigerian musicians in large numbers are earning millions off the music industry and also, these musicians are getting a lot of opportunities as public figures. People love music, especially in a country where things aren’t too easy, the people will go a long way to get themselves entertained; and a huge part of entertainment in Nigeria is music.
Out of the reigning wealthy battalion of Nigerian musicians, I’ve selected the top 20 richest of them according to recent data, and their net worth. Here’s a list of the top 20 richest musicians in Nigeria, I kinda need you to criticize this list by commenting…
Top 20 Richest Musicians in Nigeria & Their Net Worth:
20. D’Prince | Net Worth: $4.7 Million Dollars
D’Prince, the younger brother to Mavin Records founder and CEO Don Jazzy is currently the 20th richest musician in Nigeria. He was born Charles Enebeli on the 23rd of October, 1989. D’Prince has shaken the music industry with a couple of hit singles and has been nominated for musical awards in the country. Till this day, his fans run into millions, and he joins the clique of artistes that have signed multimillion naira endorsement deals with mobile network provider, MTN.
19. Dr Sid | Net Worth: $4.9 Million Dollars
Dr Sid is a Nigerian musician and professional medical doctor. He’s quite popular and has landed a few hit songs, you and i have not heard from him in a while, he’s a top musician and one of the top 20 richest artistes in Nigeria as he has other businesses aside music. Dr Sid is happily married with beautiful kids. He studied Dental Surgery at the University of Ibadan, Oyo State, this makes him one of Nigeria’s most educated and literate artistes.
18. Yemi Alade | Net Worth: $4.9 Million Dollars
Yemi Alade is popular, and has millions of fans in Nigeria. According to recent data, she’s one of the richest female musicians in Nigeria. Yemi Alade has been through a lot in her lifetime, her rise to fame happened with a lot of handwork on her part.
Her participation in the Peak Talent Show which she won skyrocketed her musical career to a prominent height and kept her in the spotlight. Today, she’s sought for in Africa, and has gained the love of millions with her hit singles. Yemi Alade earns from performing at concerts, and has signed endorsement deals worth millions of naira with brands like CloseUp, Bacardi Breezer, and Bland2Glam.
17. Tiwa Savage | Net Worth $5 Million Dollars
The Nigerian songstress who signed a songwriting deal with Sony Music joins the list as one of the richest musicians in Nigeria. Tiwa Savage, according to recent data, is the richest female artiste in Nigeria. She’s earned so much from performing at shows, signing endorsement deals and music sales.
Tiwa Savage signed a staggeringly huge deal worth N20 million naira with Konga, a N30 million naira deal with MTN, and another N30 million naira deal with Pepsi. She has also signed deals worth millions with Forte Oil, Maggi, and Pampers. The mother of one has hit up the airwaves with a lot of hit songs and has collaborated with several artistes including B-Red, Don Jazzy, and Wizkid.
16. Timaya | Net Worth: $5 Million Dollars
Timaya is a well respected artiste in the Nigerian music industry. Over the years, Timaya has released a number of hit albums which contained songs that got rocked in other countries outside Nigeria. He’s the CEO Dem Mama (DM) Records and has featured in songs by several artistes.
Timaya has signed pretty mega endorsement deals, a notable one being his N87 million naira endorsement deal with Hennessey X.O. Cognac. He also is one of the artistes Glo signed multimillion naira endorsement deals with. Timaya’s style of music is one of a kind, and he’s known to represent the Nigerian youths, most especially the inhabitant youths of Niger Delta.
15. Iyanya | Net Worth: $6 Million Dollars
Iyanya is a Calabar guy, he’s stylish and has earned the title of a fashionista from the way he rocks his wears. He’s a popular Nigerian musician and songwriter formerly under the Made Men Music Group of Ubi Franklin. Iyanya got so famous in 2013 with the release of “Kukere”; a single that always made clubbers go crazy.
He won a lot of awards for the hit single and other following hits he released. Now signed to Temple Music, Iyanya earns money from business deals, show bookings, and music sales. Although he has other sources of income, Iyanya is a top earning artiste and one of the top 20 wealthiest in Naija.
In the past, Iyanya bagged a N35 million naira endorsement deal with Nigerian phone company Solo Phones, and another deal of about $300,000 dollars with Zinox Computers. I know very little about his moves to remain relevant in the music industry, especially now that he’s signed to Mavin Records.
14. Reminisce | Net Worth: $7 Million Dollars
Reminiscen is a Nigerian rapper an singer popular in the southern parts of Nigeria. Reminisce’s name rings a bell across Nigeria, but in some northern states, not too many people know about him. He’s a talented rapper, and also a singer.
Reminisce is a lot unique from other Nigerian artistes, he followed the footsteps of foreign musicians like Snoop Dogg and Jay Z. Reminisce is also wealthy, he signed multiple million naira endorsement deals with Orijin, and top electronics brand, Samsung. With several millions of fans in Nigeria alone, and a high pay for show bookings, Reminisce remains one of Nigeria’s richest artistes.
13. Flavour N’abania | Net Worth: $7.9 Million Dollars
There’s a lot to say about Flavour, but firstly, he’s a topnotch Nigerian musician recognized by men of high calibre in and out of the country. Not to say too much, but Flavour has dated a parade of really beautiful women. He’s popular across Nigeria and has released several successful tracks.
In the past, the music idol signed endorsement deals with Flat Tummy Tea, Life Beer, and Guiness. Rumours of Flavour getting richer than P Square and Don Jazzy flooded the internet due to his domination and the juicy endorsement deals he signed. He’s one of the top 20 richest musicians in Nigeria as at now.
12. M.I | Net Worth: $8 Million Dollars
M.I. is one of the biggest talented rappers in Nigeria. The rapper is a gifted freestyle artiste who can go rounds and rounds again without anything written. M.I., known as Jude Abaga through his ability to write out excellent lyrics has gained popularity in Africa and other continents.
He’s a lead act at Chocolate City, has signed endorsement deals worth millions with Globacom, Martell Cognac, Gillette Mach3 shaving stick and Chipita Nigeria Limited. M.I. is fluent, makes music seem really easy as he tells meaning stories with it. He was the chief executive officer at Chocolate City until 2015, and he remains one of the biggest and most successful musicians in Nigeria as a rap legend.
11. Burnaboy | Net Worth: $10 Million Dollars
People love Burna Boy for keeping it real. He reveals his real self and hides behind no shadow. He’s a dancehall and reggae artiste who has released a lot of songs and won awards. Burna Boy in 2013 signed an endorsement deal of over N10 million naira with network provider, Globacom. In 2016, he also penned a deal in millions with Martell Cognac. Burna Boy is influential, he has a decent number of followers as a celebrity, and has millions of fans.
10. Phyno | Net Worth: $10 Million Dollars
Phyno Fino is a light skinned Igbo rapper known for hit songs like “Ghost Mode”, “Fada Fada”, and “Connect”. He raps in Igbo language primarily, and he’s the founder of Penthauze Music – a Nigerian record label. Phyno is much loved by millions of Nigerians, he’s paid in millions when booked and he also earns a lot from his music sales.
The “Alobam” crooner signed an endorsement deal worth a whooping N50 million naira with Airtel. He penned other multimillion naira ambassadorial deals with NairaBet sport betting platform and also with Guiness Nigeria. Phyno has collaborated on terms of music with other topnotch musicians, and he remains one of the wealthiest.
9. Banky W | $11 Million Dollars
Banky W is a Nigerian songwriter and singer. He’s the founder and boss at Empire Mates Entertainment and has guided some few artistes into greatness. Banky W is easily one of the most handsome Nigerian celebrities because of his rare facial features which I describe in a simple word to be pleasant.
Married to one of the most beautiful actresses in Nigeria, Adesua Etomi, Banky W is well connected and influential. In the past, it went viral that the E.M.E boss signed juicy endorsement deals with Etisalat, Samsung electronics, and Ciroc.
These endorsement deals were in several millions of naira and they kept him on a very high pedestal financially. Currently one of the top 20 richest musicians, he has made millions off music sales and show bookings. Banky W has also won a lot of awards, and has had his turn with dropping hit singles.
8. Olamide | Net Worth: $12 Million Dollars
Olamide is a Nigerian rapper who mostly raps in Yoruba language. He’s loved by a lot, and you don’t talk about him careless in the presence of his fan or fans. He has released a lot of hit tracks and he’s one of the reigning artistes today who never stops releasing hit tracks with new dance steps.
Olamide is a role model to millions of Nigerians, not to mention the millions of fans he has in other countries. He’s a regular face at mega concerts hosted in Nigeria and abroad, and he’s paid millions. Olamide is regarded a representative of the street, he gives talented artistes platforms to rise and he coaches them.
He’s the founder and boss at YBNL (Yahoo Boy No Laptop) music label and he has signed quite a number of endorsement deals including a N40 million naira endorsement deal with Ciroc Vodka, a N20 million naira deal with SureBet sport betting company, and multimillion naira endorsement deals with Globacom, Etisalat (now 9mobile), and Guiness Nigeria. Olamide is undoubtedly one of the richest musicians in Nigeria, settling as the 8th richest on this top 20 richest Naija artistes’ list.
7. Davido | Net Worth: $21 Million Dollars
OBO, Davido is one of the reigning artistes in Nigeria. He has won a lot of awards, and the fact that he isn’t married but has known 2 kids won’t keep me from admitting he’s talented. Davido was born in the United States of America, precisely in Atlanta, Georgia.
He’s the founder of the popular DMW music label and he’s got two booming artistes signed into the label. Davido’s family is that of millionaires. His dad, Adedeji Adeleke is a naira billionaire, entrepreneur and investor. The “Fall” crooner has penned several endorsement deals in Nigeria, his most recent major deal being the one with First Bank Nigeria PLC (since 1894).
Other endorsement deals include his N30 million naira deal with MTN, N100 million naira deal with Pepsi soft drink brand, and a deal with Guiness Nigeria worth millions. He’s at the top of the music industry, and one of the lucky Nigerian artistes signed to Sony Music.
6. 2face | Net Worth: $22 Million Dollars
2face Idibia is a Nigerian music idol and legend. He’s the CEO of Hypertek entertainment and it seems he’s making more entrepreneurial move than musical nowadays. 2face has won countless awards in Nigeria and has also been nominated for awards. His songs get viewed by millions of people within 42 hours.
He owns a popular Nightclub known as Rumours Nightclub in parts of Lagos state, and he’s married to a damsel, Annie Idibia. 2Baba has made billions off the music industry and today, he’s regarded as one of the industry’s most successful artistes. In the past, he signed a N20 million naira endorsement deal with Airtel network provider, and has since been involved in business deals that fattened his bank account.
5. Wizkid | Net Worth: $25 Million Dollars
Wizkid is a Nigerian singer gone worldwide. He’s landed several hit songs and won many awards gone countless. Wizkid is probably your favourite Nigerian musician I guess. He’s pretty handsome, stylish and now smokes pretty much. He’s a Sony Music signee, and the boss and founder of top record label, StarBoy Entertainment.
Wizkid earns over N3 million naira to perform at shows in Nigeria. He earns thousands of dollars for shows hosted the U.S too. It’s not too surprising how he got to the top as he began his music career as a teenager and has consistently surprised his audience with good music. His endorsement deals run into hundred millions.
They include his N100 million naira Globacom deal, N40 million naira deal with MTN, $350,000 dollar deal with Pepsi, and a deal worth several millions with Guiness Nigeria. Wizkid is making music with big-time American artistes now, and he’s one of the top 20 richest Nigerian musicians.
4. D’banj | Net Worth: $25 Million Dollars
D’banj is a famous music act in Nigeria, and the CEO at DB Records. He was the cofounder of MoHits Records alongside Don Jazzy. As both partners went separate ways, MoHits went extinct. D’banj formed DB Records, and Don Jazzy quickly founded Mavin Records. D’banj ever since has featured American artistes in his songs, won multiple awards and also signed endorsement deals.
He’s also an entrepreneur, known as the Koko Master. D’banj has tried his hands on a couple of businesses including tech startups. He has been in the music industry for a long time and penned a cool endorsement deal worth N100 million naira with Globacom.
D’banj is handsome, tall and is one of the highest earning artistes in Nigeria. He signed a deal with Apple Beats by Dre in 2014 and he has a signed multi album contract with American music imprint, Sony Music.
3. RudeBoy | Net Worth: $30 Million Dollars
RudeBoy was the second big part of P Square, a legendary music duo in Nigeria. He’s known as Paul Okoye and is doing pretty fine without his second music half and twin brother, Peter Okoye. Although Peter has not signed any independent endorsement deal since the breakup with his brother, he earns from a number of sources and his income isn’t drastically reduced.
From investments to owning businesses, and performing at shows, Paul Okoye is still super rich. He has released a number of songs since the breakup, and the songs still go viral because he’s Paul Okoye; a P Square.
2. Don Jazzy | Net Worth: $35 Million Dollars
Don Jazzy is a Nigeria producer, songwriter and musician. He’s the founder of Mavin Records and Mavin Energy Limited. Don Jazzy is a top 3 most successful musician in Nigeria as he has won several awards with his many hit songs, and has been able to build multiple income sources. He was listed as one of the top 40 influential African celebrities by Forbes, and as one of the top 10 richest African musicians by several infotainment outlets.
Don Jazzy works with some of best musicians, disc jockeys, and sound engineers in Nigeria. He also signed some of the most talented musicians into his music label, all of whom earn him millions. He’s powerful, rich, and really friendly. It’s difficult to see celebrities respond to their followers comments every time – the Don does this.
Don Jazzy has also signed a few endorsement deals which are his N49 million naira deal and N100 million naira deal with Loya Milk and Samsung electronics respectively. Don Jazzy also enjoys the benefit of being booked to perform at shows, and he’s one of the highest paid artistes per show bookings.
1. Mr. P | Net Worth: $50 Million Dollars
Peter Okoye, known musically as Mr P, is a topnotch Nigerian singer. He’s a dancer and vocalist who was part of P Square. Peter is the firstborn twin of the P Square brothers, and whenever the name Okoye is mentioned, P Square must be referenced. However, Peter has signed four (4!!) solo endorsement deals without his brother, Paul.
These endorsement each are in several millions of naira. In 2014, he signed a deal with Olympic Milk which was in millions. He also penned multimillion naira endorsement deals with Adidas, Empire music company, and other brands details of which were sealed.
Peter Okoye alongside his brother won countless awards as P Square, but alone, he’s doing great and is living pretty well. Peter is also a business person with investments and very costly properties. Will Peter Okoye, Mr P win any award this year?
That’s all about the Top 20 Richest Musicians in Nigeria & Their Net Worth compiled by Moss9ja.com