2019 Top 10 Richest Musicians In Nigeria And Net Worth
Music as we know is now a major source of income in the world today and as such most musicians are big boys.
As we know Nigerian musicians are also among some of the world richest musicians around the globe.
The Music Industry in Nigeria is so profitable that making a trending song can easily through you into a millionaire status if you weren’t already one. That tells why some of our music stars showcase their affluence on social media.
Are you wondering how much much your favourite Nigerian musician is worth? Then you are reading the right article, as Baze9 enlists the “Top 10 richest musicians in Nigeria and their estimated net worth”.
The list was calculated and made from estimated net worth, cumulative wealth, show performance charges, endorsements and investments by these artists in the past 12 months.
Below is the 2019 Full List of top 10 Richest Musicians In Nigeria according to their net worth.
His real name is Chinedu Okoli but he is known as Flavour N’abania (stage name). He is another entertainer whose stardom and wealth has been made through his interesting songs.
The athletic singer is a brand ambassador for Bullet Energy drink, Life Lager Beer, etc. The estimated net worth of Flavour is pegged at around $9.5 million.
Nigerian dancehall star Enitimi Alfred Odom better know as Timaya. The DM Records boss tries to keep a low profile but he is very much as far as entertainment in Nigeria is concerned.
At the moment the ‘Balance‘ crooner has running endorsements deals with Nigerian TeleCo Glo and Cognac brand Hennessy all worth several millions of Naira.
“Egberi Papa 1 of Bayelsa” has a net worth of $10.5 million.
Olamide Adedeji also known as Olamide Baddo is one of the craziest rapper in Nigeria and also the founder and CEO of YBNL, one of the best record labels in the country.
Badoo is one of 9ja richest musician with a financial net worth estimated at $12 million.
Peter Okoye aka Rudeboy is a former member of the sensational music duo Psquare. He occupies the number 7 spot.
He is the Ceo of Rudeboy Records.
The ‘Reason With Me‘ hitmaker recently embarks on tours across Europe and America with his brother and kills the shows notwithstanding. His estimated net worth valued at about $13.4 million.
6. Mr P (Paul Okoye)
Paul Okoye aka Mr P is one of the former PSquare duo.
However, after the split Mr P still got the bag secured. The singer is a brand ambassador to brands like Olympic Milk, Kia Motors, Tecno, etc.
The dancer cum singer has a new clothing line he calls ZIP, much of the business is awaiting official unveiling. As a solo artiste, he has toured Europe, America and has sold out shows which is very impressive. His estimated net worth is $14.8 million.
Innocent Idibia well known as 2Baba marked his 20 years of being in the Nigerian music industry in collaboration with Trace Naija.
Innocent Idibia was born in Jos. One of his most popular hit tracks, ‘African Queen’ which sold millions of copies worldwide has topped the music charts and has won him several awards in Nigeria and on the international scene. From the MTV Award, Channel O Music Video Award, BET Award, MOBO Award and best musician of the year among others.
He is the 5th richest musician in Nigeria according to our list with a net worth estimated at $16 million aside his endorsement deals in which he is an ambassador with Glo, Italian liqueur brand, Campari and Partner Mobile. He also owns a top record label named Hypertech media.
D’banj with real name Dapo Daniel Oyebanjo aka kokomaster is about the best Nigerian entertainer out there any time he takes the stage to perform.
The DB Records boss is a consummate brand ambassador to multinational companies, and also the CEO of CREAM Platform, which was valued to be worth about $100,000,000 by an American firm.
Presently, D’Banj has few endorsement deals, one with SLOT, Nigeria’s trusted mobile retail outlet and with Ciroc which worth million. He has other investments, cars and even landed properties. Recently, he lost his son to the cold hands of death.
3. Don Jazzy
Michael Ajereh Collins popularly known as Don Jazzy is the current richest music producer in Nigeria and Africa, and also the CEO of Mavin Records
Don Jazzy has many investments aside his musical career which fetches him cash. He is a co-founder of Flobyt, a popular tech firm providing free Wi-Fi service to users for downloading and streaming media content.
Some of the endorsement deals Don jazzy is signed to include: being a brand ambassador of Samsung Mobile, Loya milk, Johnnie Walker, etc.
His net worth is valued to be around $18.5 million.
David Adeleke aka Davido is one of the popular and richest musicians in Nigeria and Africa.
He is the Ceo of DMW and owner of HKN music, a record label he established with his brother, Adewale Adeleke.
The past year has been exciting for the singer has he bagged several international awards, performed on international stages while selling out shows around the world.
His song ‘Fall’ became the first African music video to hit 100,000,000 views on YouTube. The song also made it to Billboard R&B/Hip-Hop Airplay Charts.
Aside from signing a multi-million deal with SONY musical record label, most big brands signed Davido as their ambassadors. Some of the endorsements deals he signed are deals with First Bank, MTN, Pepsi which is rumored to be worth N100 million.
He also has endorsement deals with Infinix Mobility, AXE perfume, Travelbeta etc.
His net worth estimate is rumoured at $19 million.
Ayodeji Ibrahim Balogun popularly known as Wizkid is Sitting at the number one spot as the richest Nigerian musician.
Wizkid is currently the Ceo of Starboy Records which was founded in 2013.
Apart from being featured by other talented artiste in the country, he has been featured by the likes of International American musicians and rappers like Drake, Chris brown, Tinny Tempah etc. He later signed a multi million deal with SONY entertainment.
Wizkid has so many endorsement deals which include being a Pepsi ambassador which he earned $350,000 monthly. He has renewed the contract to two more years. Also GLOBACOM, a telecommunication giant also made him one of their top ambassadors.
Last year he was paid $681,200 to perform in India at a Royal wedding at Umaid Bhawan Palace.
In 2018 Wizkid sold out his Nike Starboy jersey merch twice, modelled for Dolce & Gabbana in Italy and Moschino.
Let us a take a quick summary on the List Of Top 10 Richest Musicians In Nigeria
- Don Jazzy
- Mr P
Thanks for checking out Top 10 list of Richest Musicians in Nigeria 2019 And Net Worth
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