This is an exclusive list of the top 50 richest musicians in Nigeria. These artistes have been ranked based on their endorsement deals, hit songs, music sales, booking bills and assets.
With an avalanche of musicians in the secular world, it takes more than just hard work to standout – it takes consistency. Many musicians have started out in the past pretty well, but faded along with the shadows of time.
Music in Nigeria is business and only the smart ones over the years have remained relevant enough to appear on this list. Unlike was the case decades ago, musicians were not regarded. They only sang to pass messages across either to governmental authorities or to the public.
Music was just not it. But today, what has music not earned a lot of people? Due to its lucrativeness, people now become singers just for the money, without knowledge of music and production. It doesn’t work that way, it only works when you’re pretty much talented and connected. Only then can you become a top star in no time.
On this list are talented musicians who rose to fame with and without connections. These artistes are well known in Nigeria, most of them have won multiple awards and a few percentage of them have signed several multimillion naira endorsement deals with brands.
Also, a couple of these artistes have become regular faces at mega music concerts. This also means that they earn way more than others, hence, their appearance on the top 50 richest musicians in Nigeria. Check out the list:
Top 50 Richest Musicians in Nigeria:
50. Viktoh | Net Worth: $550,000 Dollars
Viktoh is a top 50 ric hest musician in Nigeria. Currently, he’s the 50th and last numbered. Viktoh’s real name happens to be Victor. He stylishly derived his stage name, Viktoh, from his real name, Victor. His birth year isn’t yet known, but he was born on the 29th of July. Viktoh was raised in Lagos State, Nigeria, but was birthed in Edo State.
In 2014, he got signed alongside famed Nigerian rapper Lil Kesh into a topnotch recording label in Nigeria, YBNL. They both got signed around the same time by the label Boss Olamide. Today, Viktoh has made waves in the music industry and has become one of the most promising indigenous rappers in Nigeria to watch out for.
49. Praiz | Net Worth: $620,000 Dollars
Popular Nigerian singer, producer and songwriter birthed as Praise Ugbede Adejo on the 8th of March, 1984. He got popular after emerging runner-up at the first season of popular talent hunt show, Project Fame West Africa. In 2011, Praiz featured in a single by Bez titled “That Stupid Song”.
The music video of this hit single eventually became the first video by an African to premiere on BET’s 106 & Park. After moments in Project Fame Academy, he emerged an MTN ambassador. Praiz signed a multimillion naira endorsement deal with 9mobile in 2012, and also another endorsement deal with Cadbury. He’s known for hit singles like “Sisi” and “Rich and Famous”. The musically active music star is currenlty one of the top 50 richest musicians in Nigeria.
48. Reekado Banks | Net Worth: $700,000 Dollars
Reekado Banks is one of the coolest musicians in Nigeria. He’s got the vocals and also is a magician with the mic. Reekado Banks has released several hit songs since he got signed to Mavin Records. He was born as Ayoleyi Hanniel Solomon on the 6th of December, 1993. Reekado Banks was previously known as Spicy before he got signed and gained fame. On the 21st of Septe mber, 2016, Reekado released his debut studio album titled “Spotlight”.
The album eventually sat on the 10th spot on the Billboard World Music Album. He has won a couple awards in the past, including the “Rookie of the Year” award at The Headies 2014 and in 2015, he won the “Next Rated” award at The Headies.
Due to his creativity since he got into the scene, he was signed by mega telecommunications service company, Globacom, as a brand ambassador. This endorsement deal with Glo was worth several millions of naira. Currently, Reekado Banks is one of the top 50 richest Nigerian musicians in Nigeria.
47. Oritse Femi | Net Worth: $700,000 Dollars
Oritse Femi is a Nigerian musician birthed as Oritsefemi Majemite Ekele on the 5th of February, 1985. Femi is famed for his rendition “Double Wahala” song by Fela Kuti which got him nominated twice at the City People Entertainment Awards in 2014. The song also earned him the “Most Popular Song of the Year” award at the 2014 City People Entertainment Awards. Also in 2014, Oritse Femi won the prestigious “Indigenous Artist of the Year” award at the Nigerian Entertainment Awards. He’s creative, rich, and famous. Currently, he’s a top 50 richest Nigerian artiste.
46. Orezi | Net Worth: $1.2 Million Dollars
Orezi is one of the top rising musical stars in Nigeria. He was born as Esegine Allen on the 28th of March in Owhelogbo, Isoko, Delta State, Nigeria. Interestingly, he’s the first of five children in his family. In 2013, Orezi rose to stardom after the release of the hit song titled “Rihanna”. He’s a graduate from the University of Lagos and currently one of the top 50 richest musicians in Nigeria.
45. Nneka | Net Worth: $1.3 Million Dollars
Nneka is a Nigerian singer, actress, songwriter and rapper. She was born on 24 December, 1980 as Nneka Egbuna. Nneka is one of the few Nigerian musicians signed to Sony Music and also one of Nigeria’s most talented female musicians. She’s the first ever brand ambassador to Starcomms and also one of the richest female musicians in Nigeria.
44. B-Red | Net Worth: $1.4 Million Dollars
B-Red sits as one of the top 50 richest musicians in Nigeria alongside his elder brother, Sina Rambo. He’s an Afropop and R&B singer birthed as Adebayo Adeleke in July 23rd in Atlanta, Georgia. At age 6, the musically inclined personality began playing the drums and started music production age 16.
There in the US, he a music band was founded by himself, Sina Rambo and his famous cousin, Davido. The band went by the name KB International and later went defunct after the three acts flew over to Nigeria in pursuit of solo careers in music. In 2013, B-Red got signed to HKN Music and released his first hit single titled “Insane” with featured vocals from Davido. B-red is a famous figure and one of the top 50 richest Naija artistes.
43. Cynthia Morgan | Net Worth: $1.5 Million Dollars
Cynthia Morgan is a top female songwriter and musician in Nigeria. Birthed as Cynthia Ikponmwenosa Morgan on the 23rd of September, 1991, Cynthia Morgan became a popular music personality after the release of her two hit singles which were titled “Don’t Break My Heart” and “Lead Me On”.
Since then, she has released other singles and has musically worked with other Nigerian musicians. She’s got millions of fans and is one of the richest female musicians in Nigeria, as well as one of the top 50 richest Nigerian musicians.
42. Yung6ix | Net Worth: $1.5 Million Dollars
Yung6ix overtime has risen to become a topnotch star in the music industry in Nigeria. Born as Onome Onokohwomo on the 8th o July, 1989, Yung6ix as a Nigerian Hip-Hop music act as released a number of hit songs sold several hundred thousands of his musical records.
In an interview with The Net in 2014, Yung6ix unveiled that he his deal with KKTBM (Kash Kamp Trick Billionaire Musiq) was worth about $500,000 dollars. Yeah! Yung6ix is indeed young and has got more than just 6 figures in the dollar currency in his account.
41. Ycee | Net Worth: $1.5 Million Dollars
Ycee is a popular Nigerian rapper and rap music composer. Surprisingly, he’s a top musician in Nigeria and has signed quite a few juicy endorsement deals since he rose to stardom. These endorsement deals include the deal with hair care product brand KUI, and the deal with Hennessey.
He’s currently signed to Tinny Entertainment and is a lead act in the music label. Popularly known for his hit song titled “Jagaban”, Ycee is a top 50 richest musician in Nigeria and has worked with several top singers in the Nigerian music sphere.
40. Lil Kesh | Net Worth: $1.5 Million Dollars
Popular Indigenous rapper and songwriter Lil Kesh is one to reckon with in Africa. He was birthed as Keshinro Ololade on March 14, 1995. After the release of award winning single titled “Shoki”, Lil Kesh became a reigning music act. He released several hit singles while signed to the YBNL Nation and he also bagged a 11.5 million naira endorsement deal with SureBet sports betting company.
He’s really talented and is one of the top 50 richest musicians in Nigeria as he earns from his music sales and show bookings. Lil Kesh owns a record label known as YAGI (Young And Getting It), but still pays tribute to his ex-label boss Olamide, who gave him a platform to show what he’s made of.
39. Mr Eazi | Net Worth: $1.5 Million Dollars
Mr Eazi is one of the few Nigerian entrepreneurs who are also musicians. He was birthed as Oluwatosin Oluwole Ajibade on July 19, 1991. Mr Eazi’s song has been described by himself as Banku Music; a fusion of Nigerian patterns, Nigerian chord progressions and Ghanaian bounces. In 2008, Mr Eazi enrolled at KNUST in Kumasi, Ghana. While in School, he booked artistes to come perform at college events, shows and parties.
While at KNUST, Mr Eazi recorded a verse on a single titled “My Life”. Eventually, the song rose to become a popular sound in the school. In 2015, Mr Eazi became intensely popular as he released his hit single titled “Skin Tight”, along with other hit singles like “Leg Over”, “Ohema”, and “Body” featuring Eugy.
In 2016, he got signed to StarBoy Entertainment and dropped his debut album titled “Life is Eazi” on February 10, 2017. Mr Eazi has become an international music act and an award winning act as well. With several millions of fans in Ghana, Nigeria and other countries in Africa and Europe, Mr Eazi undoubtedly has written his name boldly as a topnotch Nigerian singer.
38. Wande Coal | Net Worth: $1.5 Million Dollars
Wande Coal is one of the famous Nigerian artistes who has been in the spotlight for a very long time. He was part of the defunct music label known as Mo’Hits Records alongside D’banj and Don Jazzy who went separate ways in the end. Birthed as Oluwatobi Wande Ojosipe on October 18, 1985, Wande Coal is the first born child in his family.
He studied Curriculum Studies at the University of Lagos and successfully graduated with a degree in the course of study. His name rings a bell in the Nigerian music industry. Wande Coal has worked with several Nigerian artistes including D’banj, HarrySong, Wizkid, Naeto C, D’Prince and Don Jazzy. Wande Coal is the CEO of London based record label, Black Diamond Entertainment, and is the boss of himself. He’s one of the wealthiest musicians in Nigeria.
37. HarrySong | Net Worth: $1.6 Million Dollars
HarrySong is one of the most talented musicians in Nigeria. He was formerly signed to Five Star Music where he was gifted a Camry and also a Duplex as part of the music deal. HarrySong was born as Harrison Tare Oriki on March 30, 1981. In 2013, HarrySong acquired an H2 Hummer which was worth about N15 million naira.
He also acquired a Bentley GT Continental and a BMW X6. He rose to stardom after he met KCee, a Nigerian musician who introduced him to several top personalities in the Nigerian entertainment industry. On January 1, 2016, HarrySong signed a multimillion naira endorsement deal with Gala.
In can be implied that the deal was signed due to the intense popularity of HarrySong’s hit single titled “Reggae Blues” featuring Orezi, Iyanya, Kcee and Olamide, which had the line “Share the Gala” in it. HarrySong is one of the top 50 richest musicians in Nigeria without a doubt.
36. Waje | Net Worth: $1.7 Million Dollars
Waje is known to have a really high vocal pitch. She’s a Nigerian female musician and songwriter who also holds a title as one of the richest female musicians in Nigeria. Waje has been featured in several hit releases by popular Nigerian musicians and also has been honoured to grace famed TV shows including MTV Base reality and Zain (Airtel) shows.
She signed an endorsement deal with top telecom service, Globacom, and has earned a lot of money from other deals which includes music features and her music sales. Waje was born as Aituaje Iruobe in Ondo State, Nigeria, but was bred in Edo State. As the first daughter in the family, Waje studied Social Work at the University of Nigeria, Nsukka. She has rise over several years to become one of the richest musicians in Nigeria.
35. Sina Rambo | Net Worth: $1.7 Million Dollars
Sina Rambo is a Nigerian rapper and musician. Birthed as Shina Adeleke, Sina Rambo is the elder brother to B-Red and cousin to Davido. He’s signed to HKN Music and previously lived in the United States before he decided to pursue a solo music career in Nigeria. Sina Rambo is a graduate from the department of Psychology, Lead City University, Ibadan, Oyo State, Nigeria.
He was part of the music group, KB International, formed in the United States alongside Davido and B-Red before they eventually flew over to Nigeria. Sina Rambo is a very rich musician and going by the numbers, he’s one of the top 50 richest musicians in Nigeria.
34. Duncan Mighty | Net Worth: $1.9 Million Dollars
Duncan Mighty is a Nigerian producer and musician birthed as Duncan Wene Mighty Okechukwu on October 28, 1983. In 2008, the Rivers State indigene released his debut studio album titled “Kokiwater”. The 22-track album eventually turned out to become a huge hit and massive success.
In 2010, Duncan Mighty dropped a 15-track album which would be his second studio album released. The album shot him at once into stardom instantly as it was supported by a number of hit tracks. Since then, he has released other records and won awards, collaborated with top singers in the music industry and gained international recognition.
33. Maleek Berry | Net Worth: $2 Million Dollars
Maleek Berry is a classy Nigeria producer and singer who in 2014 was nominated in the “Music Producer of the Year” category at the Nigerian Entertainment Awards. Maleek Berry is signed to StarBoy Entertainment presently, he became a famous personality in 2012 and his name, Maleek Berry, is just his music/stage name. He was birthed as Maleek Shoyebi and since 2012, he’s collaborated with prominent musicians including Davido, Runtown, Ycee, Banky W and Fuse ODG.
32. Runtown | Net Worth: $2 Million Dollars
Popular Nigerian singer, Runtown, who stormed the music atmosphere in Nigeria with frequent hit releases is also one of the top 50 richest musicians in Nigeria. Immediately after he got relevant, he quickly signed an endorsement deal with Adidas which was worth several millions of naira.
Birthed as Douglas Jack Agu on August 19, 1989, and currently signed to Eric-Manny Entertainment, Runtown has worked with musicians like Davido, Nasty C, Phyno, Timaya, J martins and others. He’s now booked frequently for shows across Nigeria and others African countries. Runtown undoubtedly is one of Nigeria’s finest music acts and also well recognized in Africa.
31. Asa | Net Worth: $2 Million Dollars
On the list of our top 50 richest Nigerian artistes is Asa, a unique Nigerian female singer who instantly gained recognition after the release of her single titled “Fire on the Mountain”. Asa was born Bukola Elemide on September 17, 1982, Paris. She was raised in Nigeria, in a region nearest to Lagos.
She later went over to Paris where she eventually started her music career. She’s signed business and endorsement deals with brands in Nigeria, including a multimillion naira endorsement deal with Guarantee Trust Bank, Nigeria. She’s living really big and has rolled with fellow top female and male music acts in Nigeria.
30. Sheyi Shay | Net Worth: $2.1 Million Dollars
Seyi Shay is a top known female Nigerian musician birthed in Tottenham, London, England. Seyi has released several hit songs and also worked with a handful of Nigerian singers. Also, the star singer has signed multimillion naira endorsement deals with brands like Pepsi, Etisalat (9mobile), and Barcadi Breezer.
In July 2015, she signed a recording deal with Islands Records; a deal which propelled her career as a musician into limelight. The crooner studied Music in the UK, and also studied Business Management at the London East London. Seyi Shay is quite awesome as a singer, she is one of the richest female musicians in Nigeria and also one of the top 50 richest musicians in Nigeria.
29. Kiss Daniel | Net Worth: $2.1 Million Dollars
Kiss Daniel is a young Nigeria singer and songwriter born Oluwatobilola Daniel Anidugbe. He’s a native of Osun State, Nigeria. Kiss Daniel graduated from the Federal University of Agriculture, Abeokuta (FUNAAB). He’s took up music as a career while studying at the University from where he graduated.
Formerly signed to G-Worldwide Entertainment music imprint, he’s now into his own music labe, Fly Boy Entertainment. Kiss Daniel has released a lot of hit songs, has got millions of followers and fans, and he’s paid real cool to perform at live concerts and events.
28. Lynxxx | Net Worth: $2.5 Million Dollars
Lynxx or Lynxxx is a top singer in Nigeria. The fit guy has got a cute chin to his humble self. He’s been working underground for a long time in the music industry. Lynxx is both a musician and an entrepreneur. In 2009, he released his first hit song titled “Change Your Parade”.
The song landed him in the spotlight of fame and in 2010, after being attractive to brands and other singers, he landed his first endorsement deal with drink brand, Pepsi. In 2010, December for precision’s sake, Lynxx released his official debut music album which was named “This is Lynxx”. He owns a clothing line known as Syndik8, a Red Room Studio, and a media firm known as Happy Teddy Media.
27. Tekno Miles | Net Worth: $2.5 Million Dollars
Talented singer and dancer, Tekno Miles is undoubtedly one of the richest naija musicians today. Unlike many singers his age, Tekno Miles has earned the chance to meet with foreign singers like Drake. He reportedly got signed to Sony Music, penning a music contract worth $4 million dollars.
Tekno Miles was birthed as Augustine Miles Kelechi in Bauchi State, Nigeria. With his most trended endorsement deal being the reported 18 million naira endorsement deal with MTN, Tekno has released several hit songs, won awards and is currently paving the biggest paths in his career.
26. Skales | Net Worth: $2.6 Million Dollars
Skales is one Nigerian artiste well known, young and buzzing. He’s a rapper born Raoul John Njeng-Njeng on the 1st of April in 1991. Skales began rapping as a kid in 2000. Upon discovering his rap abilities, he moved to Plateau State to work with Jesse Jags and sharpen his rap skills.
He moved back to Lagos after engaging in music contests and winning a few in the North. Skales released his debut album in 2015 titled “Man of the Year”. The album sold several copies and had a couple hit tracks to its collection. With over 100 million naira made from his music sales alone, he stands out as one of the richest artistes in Nigeria.
25: Chindinma Ekile | Net Worth: $2.8 Million Dollars
Chidinma Ekile sits on our list of 50 richest naija musicians confidently. She was born on May 2nd, 1991. Chidinma rose to fame after ending up victorious at the MTN Project Fame. She’s made a mark as the first Nigerian artiste to top the MTV Base Official Naija Top 10 Chart.
Her most outstanding endorsement deal remains the two-year deal with MTN after she became winner of the talent show. Chidinma has worked with several Nigeriam musicians and also released hit songs which altogether have sold millions of copies. She’s a top naija musician and one of the top 50 richest today.
24: Omawumi | Net Worth: $3 Million Dollars
Omawumi is a pretty Nigerian female singer and songwriter birthed on April 13, 1982. She became famous infinitesimally in 2007 after ending up as runner up at West Africa Idols contest. After the contest was over, she gained courage from her little popularity and dropped her first single titled “In the Music”. Omawumi is undoubtedly one of the biggest female music idols in Nigeria and one of the top 50 richest naija musicians. She has signed multimillion naira endorsement deals with brands like Guiness, Konga, Mortein, and Globacom.
23: Kcee | Net Worth: $3 Million Dollars
Kcee is the elder brother of Nigerian business mogul, E Money. Birthed as Kingsley Chinweike Okonkwo on April 18, 1979, Kcee is a Nigerian singer and songwriter with several hit releases and millions of music records sold. Formerly part of the music duo, KC Presh, Kcee has signed endorsement deals worth millions of naira with top brands.
These deals include the deal with MTN he signed in 2013 and again in 2015, and the deal with Magnum. Kcee became famed as the “Limpopo” master after releasing the hit song shortly after becoming an artiste signed to Five Star Music. He’s very well connected, influential and has bagged a couple of awards and earned nominations for awards.
22. Falz | Net Worth: $4 Million Dollars
Falz is a creative naija rapper, singer, songwriter, actor, lawyer, and actor. He was born as Folarin Falana on October 27th, 1990, Lagos State, Nigeria. He delved into the music industry in 2009, and rose to stardom in 2015 after releasing the hit single titled “Marry Me”, alongside the music video which shook the music industry and took everyone by shock.
Since then, the very creative rapper has signed multimillion naira endorsement deals with MerryBet, MTN, BBM and Cheki Nigeria. Falz is a recipient of several music awards in Nigeria, and is signed to his own music label, “Bahd Guys Records”. Maybe not one of the top 10 biggest at this moment, but Falz is one of the richest naija musicians.
21. Ice Prince | Net Worth: $4.5 Million Dollars
Popular Nigerian rapper Ice Prince, is one of the biggest artistes in Nigeria undoubtedly. He was born as Panshak Zamani on the 23rd of October, 1986. He got popular quickly after releasing the hit single titled “Oleku”. Ice Prince snagged Hennesy Artistry Club Tour, and has won several awards since then.
In the 2011, Ice Prince dropped his first album titled “Everybody Loves Ice Prince” which had supportive hits like “Superstar” and “Oleku”. In 2013, a following album which would be the second album was released.
The album was titled “Fire of Zamani”, containing the hit single, “Aboki”. Ice Prince has millions of loving fans, has released a lot of hit singles, collaborated with other artistes and is at the top of his career. He’s one of the top 50 richest Naija musicians with no doubt.
20. D’Prince | Net Worth: $4.7 Million Dollars
D’Prince is a Nigerian musician and a top richest music idol in Nigeria. He’s the younger brother of Don Jazzy, the Mavin Records label boss. D’Prince has released a couple hit songs and also worked with a few popular Nigerian musicians. He signed twice a multimillion naira endorsement deal with MTN. Fondly referred to as “Omoba”, D’Prince was birthed as Charles Enebeli on October 23, 1989. He’s been nominated severally for a number of prestigious awards and has got millions of fans in the country.
19. Dr Sid | Net Worth: $4.9 Million Dollars
Dr Sid is literally a medical doctor who found more fun and purpose in doing music. He’s a Nigerian musician, songwriter, and a professional dentist who graduated from the department of Dental Surgery, University of Ibadan, Oyo State, Nigeria. Doctor Sid is known for a couple of hit songs, and he’s well respected amongst other Nigerian artistes. His style of music is simplistically mature, and he has worked his way up the ladder to becoming one of the top 50 richest musicians in Nigeria today.
18. Yemi Alade | Net Worth: $4.9 Million Dollars
Yemi Alade is a top famous Nigerian singer and songwriter. She’s easily in the lists of richest female artistes and most beautiful artistes in Nigeria. Yemi became a star after emerging the winner of a famous talent show, Peak Talent Show. She the exploited the fame she had, and released cool songs which were accepted and massively appraised.
Ever since, she has been at the top of her career, collaborated with a lot of singers and won awards. Yemi Alade signed multimillion naira brand ambassadorial deals Bland2Glam, Bacardi Breezer, and CloseUp. Show bookings and music sales also fetch her a lot of millions.
17. Tiwa Savage | Net Worth $5 Million Dollars
Tiwa Savage is one of the topmost female musicians in Nigeria who rose to stars after the release of her hit single titled “Kele Kele Love” in 2010. She released other singles like “Emimado” and “Love Me” to snap the post of Nigeria’s music Queen within a short time. Tiwa Savage earns from her endorsement deals with brands, music sales, and show bookings.
Her mouthwatering endorsement deals include the N20 million naira endorsement deal she signed with West Africa’s largest online shopping, Konga, the N30 million naira endorsement deals she signed with Pepsi and MTN, and multimillion naira endorsement deals with Forte Oil, Pampers and Maggi.
Tiwa also signed a songwriting deal with Sony Music and she’s paid over N2 million naira to perform at mega events. Her fans run into tens of millions and she’s got a few million fans following her on social networks.
16. Timaya | Net Worth: $5 Million Dollars
Timaya is pretty influential, and he’s a topnotch Nigerian artiste. The founder and CEO of D.M. Records, Timaya, has won several musical awards, earned nominations and has released several hit singles and albums. People found his songs relative to the happenings in the Niger Delta region of Nigeria at the beginning of his career.
Hence, they considered him a voice of the people, but only musically. He earns from performing at shows, other side businesses, music sales, and endorsement deals. His endorsement contracts include the multimillion naira deal with Hennessey X.O. Cognac, and a deal in 2016 worth about N87 million naira he signed with Globacom.
15. Iyanya | Net Worth: $6 Million Dollars
People consider Iyanya to be the sexiest Nigerian artiste of all times, but I think he’s just good looking, more talented and sexy musically. Iyanya is a topnotch Nigerian singer and songwriter who hit limelight after the release of multiple award winning track, Kukere.
In 2013, he shook the entire entertainment industry, Iyanya became a musical idol. In same year, he signed an endorsement deal worth about N35 million naira with Solo Phones.
He bagged another endorsement deal worth $300,000 dollars with Zinox Computers, and has since won several awards. Iyanya was formerly the lead act at Triple M G, just before he switched camps and signed a music contract with Mavin Records.
14. Reminisce | Net Worth: $7 Million Dollars
Reminisce is a popular Nigerian rapper and singer. His blend of rap and music has given him many shots at being unique. Reminisce followed the style of Jay Z, and Snoop Dogg as he regularly listened to their songs to curve up his skills. He’s a brand ambassador to Samsung electronics and liquor drink company, Orijin. There’s not much difference between indigenous rappers these days, but Reminisce indeed takes a stand out.
13. Flavour N’abania | Net Worth: $7.9 Million Dollars
Flavour N’abania is one of the top 50 richest musicians Nigeria. Now regarded as king of modern highlife music in Nigeria, Flavour has collaborated with a lot of other topnotch musicians in Nigeria. He’s also one of the hottest guys in the Nigerian entertainment industry at the moment.
Flavour earns from endorsement deals which includes a multimillion naira deal he signed with Guiness Nigeria in 2014, a 2016 multimillion naira endorsement deal with Life Beer, and a juicy endorsement deal with Flat Tummy Tea also in 2016. He’s paid in millions when booked to perform at shows, and being somewhat indigenous, he gets brown envelopes from politicians his dialect.
12. M.I | Net Worth: $8 Million Dollars
Jude Abaga, known famously as M.I. is the Nigerian rap legend. He has made name as one of Africa’s best rappers. M.I. is pretty intelligent. He has won several musical awards and has been nominated a lot of times for awards. Signed to Chocolate City, M.I. was CEO of the record label until 2015. He’s the elder brother to Jesse Jagz.
He signed a multimillion naira endorsement deal with Gillette Mach3 shaving stick in 2011, an endorsement deal with Chipita Nigeria Limited in 2012 which was worth millions, and multimillion naira endorsement deals with Globacom and Martell Cognac. He’s really wealthy, and is one of the most successful rappers in Nigeria.
11. Burnaboy | Net Worth: $10 Million Dollars
Burna Boy is a charismatic Nigerian reggae/dancehall musician. Due to his music and dance style, he has been able to win the hearts of millions of Nigerian citizens and has got millions of fans in other States outside the country. He earns from endorsement deals, music sales and bookings.
Burna Boy has released a number of hit songs and is a recipient of awards and nominations for awards. He signed a deal worth over N10 million naira with Globacom in 2013, and a multimillion naira Martell Cognac endorsement deal in 2016.
The reggae/dancehall artiste is paid well in millions per show and he’s well chained and connected in the music industry. Burna Boy loves living exotically and luxuriously as he has acquired really costly rides in the past. He’s arguably one of the top 50 richest musicians in Nigeria.
10. Phyno | Net Worth: $10 Million Dollars
Phyno is also a Nigerian indigenous rapper in the Igbo language. Probably the best known Igbo rapper in Nigeria, Phyno is the founder and boss of Penthauze Music. He stands as a role model to a lot of upcoming Nigerian rappers who draw inspiration from his songs.
Phyno has been a recipient of several music awards and nominations, he has also collaborated with a lot of Nigerian artistes including Flavour N’abania, Mr Eazi, and Olamide. In 2014, he signed an endorsement deal with the smartphone network, Airtel. The deal was reportedly worth around N50 million naira.
He has also signed endorsement deals worth millions with NairaBet sport betting company, and Guiness Nigeria. Phyno earns pretty much from his music sales, music video views on YouTube, music events and bookings. He’s one of the top 50 richest musicians in Nigeria by far, debuting on the 10th place on our list.
9. Banky W | $11 Million Dollars
Oluwabankole Wellington, commonly called Banky W is an influential Nigerian musician and actor. He’s the husband to Nigerian actress Adesua Etomi, and the label boss and founder of Wizkid’s former music label, E.M.E. Banky makes cool money from a couple of sources including music production at his label, music sales, show bookings, landing movie roles and running advertisements for brands.
In the past, Banky W signed multimillion naira endorsement deals with Samsung electronics, Ciroc, and Etisalat (now known as 9mobile). He’s living the good and wealthy life as a CEO, husband, and an influential celebrity.
8. Olamide | Net Worth: $12 Million Dollars
Olamide is one of the best indigenous rappers in Nigeria whose songs mostly manufacture new dance moves. He raps and sings mostly in Yoruba, this is a reason he’s most understood and appreciated within the boarders on Nigeria. Olamide is the boss and founder of YBNL Nation (it appears most of the top 10 richest Naija artistes are founders and bosses of record labels), and has successful coached a few music acts to such great heights.
In 2013, the dance influencer and musician bagged a wet endorsement deal worth around N20 million naira with mobile network, Etisalat (9mobile). He was able to attract Guiness Nigeria through his frequent hits and creativity to sign a multimillion naira endorsement deal with him.
In 2014, Olamide pocketed a N20 million naira endorsement deal with SureBet, and a N40 million naira brand ambassadorial deal with Ciroc vodka. Aside endorsement deals, his music sales and show bookings bring him nearly as much as these endorsement deals. Olamide is known to represent the street, and he’s pretty much a powerful music personality in the country.
7. Davido | Net Worth: $21 Million Dollars
Davido is an American-born Nigerian songwriter and singer. He’s the son of a famed Nigerian business mogul and entrepreneur, Deji Adeleke. Davido currently is one of the reigning musicians in Nigeria, alongside his longtime rival, Wizkid.
He’s the founder and boss of the music label, DMW, and was formerly part of and the head of HKN Music which he took as a family label before he began having frequent issues with his cousins, B-Red and Sina Rambo. Davido has won a lot of awards since 2011, he has also been nominated several times for awards.
Like many Nigerian singers, the “Fia” crooner earns millions from juicy endorsement deals, bookings to perform at events nations and international, music sales online and offline, and direct advert offers on his social media channels. His first endorsement deal came in during his rising time in 2012. It was a huge N30 million naira endorsement deal with a top telecommunications service provider based in S.A., MTN Nigeria.
In 2013, Davido signed a multimillion naira endorsement deal with Guiness Nigeria, and a fresh N100 million naira endorsement contract with Pepsi drink company. He’s at the top of his career, maybe not the peak of it, but he’s blossoming. Davido’s one of the top 50 richest musicians in Nigeria, if he would ever drop from this list; that’s going to be a century from now.
6. 2face | Net Worth: $22 Million Dollars
2face Idibia is a legendary Nigerian entrepreneur, musician and songwriter. He’s been around in the music industry for over a decade now and has bagged several awards ever since he rose to fame. 2Baba is a big-time singer who’s earned hundreds of millions of naira from his career.
He’s one of the most loved and most respected musicians in the country. Married to Nigerian actress Annie Idibia, 2face is one of a kind. He earns primarily from music sales, concert hosting, show bookings and endorsement deals. He’s the founder of Hypertek Entertainment – a Nigerian record label. As an entrepreneur, he owns a nightclub known as “Rumours Club” in cities of Lagos.
The nightclub and its branches cost 2Baba multiple hundred million naira to acquire as tint. Amongst his endorsement deals are the N20 million naira endorsement deal with Airtel, and the multimillion naira endorsement deal with drink company, Guiness Nigeria in 2005. Nowadays, he’s turning out to be more entrepreneurial than musical as he has plans to establish Rumours Club in other Nigerian States.
5. Wizkid | Net Worth: $25 Million Dollars
Nigerian musician and songwriter Wizkid is a top celebrity in Nigeria. He’s one of the top 50 richest musicians and a top 10 richest artiste in Nigeria. Wizkid has gone international with music, featuring the likes of Feature, Drake, and working with other top American stars including Jay Z.
Wizkid is the founder of one of Nigeria’s hottest music labels, StarBoy Entertainment. He earns from endorsement deals, his music sales, music production under his music label, tours and show bookings. He’s one of few artistes who’s signed multimillion naira endorsement deals with Pepsi, MTN, Globacom, and Guiness Nigeria.
His Pepsi deal happened in 2012, and it was a $350,000 dollar deal with the soft drink brand. The MTN deal also happened in 2012, a N40 million naira deal. He signed with Glo in 2013, a hundred million naira deal and later, it went viral that he penned an enormous endorsement deal with Guiness Nigeria. Wizkid has a lot of income streams, did we mention he signed a music contract top San Francisco-based record label, Sony?
4. D’banj | Net Worth: $25 Million Dollars
D’banj is a tough Nigerian musician and one of the wealthiest in the country. He cofounded the now defunct music label, MoHits alongside Don Jazzy before the label went nonexistent in 2012. Popularly known as the Koko Master, D’banj is cited as a Nigerian international music figure as he’s features the likes of Akon, and Snoop Dog, both of whom are big time American musicians.
He has come a tough long way in the music scene and is pretty much influential. He makes a lot of money from taking endorsement deals, his music sales and regular show bookings. D’banj is also a businessperson who earns from certain unknown business deals.
In the past, he pocketed a N100 million naira from an endorsement deal with Globacom, and was endorsement by Apple Beats by Dre in 2014. He’s the founder and CEO of DB Records, and he signed a running multi-album contract with Sony.
3. RudeBoy | Net Worth: $30 Million Dollars
Paul Okoye is the second half of the split P Square music duo. He’s known as the group’s singer and performer. Paul Okoye alongside his twin brother, Peter Okoye have signed a number of juicy endorsement deals and partly, he owns a few assets worth billions with his brother.
Paul earns from his music sales as a solo artiste and would definitely be handsomely paid if he gets booked to perform at shows. Even as a solo artiste, the twin has millions of fans and also, followers on social media who would pick him over his brother any time, any day. While the P Square termination was a disaster, it was an answered prayer for many.
2. Don Jazzy | Net Worth: $35 Million Dollars
Don Jazzy is a very influential musician in Nigeria. He’s the founder and CEO of leading African record label, Mavin Records. He’s also a producer, a businessperson and entrepreneur listed by Forbes as one of the top 40 most influential African celebrities. He has produced a lot of hit songs back-to-back and won a lot of awards in his career line.
Don jazzy has some of the most popular and talented Nigerian musicians signed to his label. These musicians include Korede Bello, Reekado Banks, Tiwa Savage, Di’ja and Johnny Drille. The generate him millions of naira. Don Jazzy like most influential musicians is a recipient of millions of naira from endorsement deals.
In 2012, he signed a deal of about N49 million naira with Loya Milk, and a N100 million naira deal with Samsung Electronics. He’s a big earner from bookings, music sales, music production and private businesses including his Oil & Gas business.
1. Mr. P | Net Worth: $50 Million Dollars
Mr. P is now known as the richest musician in Nigeria currently after the split of the P Square brothers. He’s known as Peter Okoye by birth is both a talented dancer and a singer. While he was still part of the defunct music duo, P Square, he mainly danced, but also, he was offered solo endorsement deals by brands.
This means that Peter Okoye signed endorsement deals that profited himself alone. These deals include the deal he signed in 2014 with Olympic Milk, the Adidas deal, the music deal with San Francisco-based record label – Empire, and the “Dance with Peter” project deal.
He earns from music sales and show bookings too. Mr. P has several properties and expensive items including vehicles, costly gadgets and more. He’s a legend musically and has penetrated the international market with his hit releases, even after the breakup.
That’s all about the Top 50 Richest Musicians in Nigeria & Their Net Worth brought to you by Moss9ja.com