The Music and Entertainment industry is one of the best things that happened to the sleeping giant called Nigeria. Besides the oil & gas sector, the entertainment industry is about the most viable sector of our economy.
Our dear Nigerian musicians have been doing us proud and they make several millions to show for their hard work. In this post, we will be giving a rough analysis and ranking of the top 10 RICHEST musicians in Nigeria. The figures of their net worth are drawn from cumulative wealth, gig fee, endorsements and probable investments by these artists.
In the last calendar year, some of our top artists have been able to rake in loads of money for themselves and we would hence rank the big top 10.
- Flavour / Olamide
Contemporary highlife king Flavour and street mafia Olamide are tied for the tenth position in the ranking of top 10 RICHEST Nigerian musicians. Flavour who is a fantastic live performer makes huge money from performing at high profile gigs. The singer is a brand ambassador for brands like Bullet Energy Drink, Hero Beer etc. Meanwhile, Olamide also charges quite a huge fee for shows, the Bariga born artist runs a yearly tour across UK, Europe, and America. He is a Hennessy & Glo ambassador and CEO of digital TV channel VOTS (Voice of the street). The estimated net worth of both Flavour and Olamide is pegged at around N3.2 billion.
- Banky W
Olubankole Wellington is an all round boss and he has the money to show for it. A big status of his changed last year when Mr. Capable said bye bye to bachelorhood as he married actress Adesua Etomi. Banky W is a huge brand influencer and rakes in millions of Naira as brand ambassador for multinational companies like Samsung, Uber etc. The singer has also dived into acting, film production, event host, and public speaking. His estimated net worth is put to be around N3.5 billion.
- Timaya
Born Enitimi Alfred Odom, the Nigerian dancehall king is one of the top 10 richest artists in the game. The DM Records boss is not cheap when it comes to his gig fee. According to close sources, Timaya charges 8 million Naira to show up and perform at any event. Currently, Timaya has endorsements deals worth several millions with Nigerian TeleCo Glo and Cognac brand Hennessy. A few months back Timaya moved into a palatial mansion of a house in Lekki worth hundreds of millions. Timaya’s estimated net worth is put at N4 billion.
- Paul Okoye
Rudeboy member of the defunct Psquare duo takes number 7 spot. Paul Okoye and his brother used to dominate the African music scene until they split up last year. The duo used to charge about highest gig fee for a Nigerian artist, that has somehow changed as he stands alone. Notwithstanding, Rudeboy is still a big shot in the music business with his estimated net worth valued at about N5.6 billion.
- Peter Okoye
The other half of the defunct Psquare duo, Peter Okoye aka Mr. P is still doing fine as a solo artist. Even before the split, Peter had solo endorsements deals with Kia motors, Olympic Milk etc. Since the breakup, Mr. P has embarked on solo tours around America, Europe etc. The dancer and singer has a new clothing line in the works awaiting official unveiling. His estimated net worth is N5.8 billion.
- 2Baba
With over two decades strong in the Nigerian Entertainment industry, Innocent Idibia better known as 2Face or 2Baba is a double OG. The 42-year-old singer has a brand-friendly persona which has seen him clinch mouth-watering deals even ahead of younger colleagues. Currently has endorsements with Glo, Campari, etc., 2Baba has several real estate investments including his Rumors Night Clubs in Lagos. The “Gaaga Shuffle” crooner’s estimated net worth spikes to about 5.9 billion Naira.
- D’banj
His music may not be his best selling commodity at the moment but D’banj’s business and branding acumen are as strong as ever, a big negotiator. He is a brand ambassador to top brands, besides his brainchild CREAM Platform was valued last year by an American firm to be worth about $100,000,000. A decent amount of about 6 million would be needed to put D’banj on stage to perform. He is worth an estimated figure of about 6 billion Naira.
- Don Jazzy
Michael Ajereh Collins better known as Don Jazzy takes the number 3 spot on the list. The ace music producer has moved on quite seamlessly from being a beatmaker to a full-fledged businessman. Don Jazzy is the CEO of Mavin Records which houses top stars like Tiwa Savage, Reekado Banks, Korede Bello etc. He has many music related businesses known and unknown. The music maker’s net worth is valued to be around N7.5 billion.
- Wizkid
Second on the list is Ayodeji Ibrahim Balogun popularly known as Wizkid fondly called Star boy. Wizkid is the biggest music export out of Nigeria in the past 4 years. The singer’s achievements are enormous including topping Billboard Hot 100 Music Chart, earning a Grammy Award nomination, several legit international collaborations, performing at international music events etc. However, in all these things Wizkid has the money to show for it. The Starboy honcho charges about 12 million to as gig fees and even more when it’s outside Nigeria. Wizkid is a luxury King from wardrobe, automobiles, gadgets etc. His net worth has jumped in the past 12 months and is pegged at about 8 billion Naira.
- Davido
Baddest!!! Nigerian entertainer and record label boss David Adeleke sits at the summit of the list of top 10 RICHEST Nigerian musicians. The DMW boss has arguably made the most money in the past 12 months than any other contemporary Nigerian artists. The singer is the leader of the popular 30 Billion Gang, he has made the most hit songs in the past year too. Since last year Davido has been touring around the world performing at sold out concerts during the ‘30 Billion Tour’ which is still ongoing. The past year has been fantastic for Davido, his tracks “IF”, “Fall” have crossed over 60 million views on YouTube. Davido has revealed that he has made over $1 million off ‘pon pon’ sound. He has secured new endorsements with perfume brand AXE, Infinix Mobility etc. He has been rumoured to have recently purchased a Bombardier Jet. Davido’s estimated net worth is put at about 9 billion Naira.
Jaguda u too sure, Thanks for this article, i dea look for such
Haa na Olamide b in 10th ,
All is well
No for get say davido use him father money enter music ooo na Wizkid for be first.
Comment; by, Krazie Sounds Of Owen
I get am before no be property….
nearly can never kill a bird….
the hustle Davido Don hustle, him go pay him father times 10 of d amount his father gave him to start up his music career. No come dey tell us ur own Old Testament of wetin u know… Davido na baba
Comment: did you know davido father worth? It seems you dont know him, ask dangote his friend
Omo you correct
Comment:yea
Comment; some are saying that Davido use is father money to start is music career? he has made is money on is own and he can pay is father back of all cost
if we are to add davido’s father to davido”s net worth it we be more than even 10bn so @ Michael davido remains d all time richest hip hop artist
Comment:Omo nor compel Dollar and Naira ooo
Comment: Na Davido say make wizkid father no get money?
Comment:na now I know say you no mature… everybody has different destiny.. you might be destined to be the poorest do you know… so don’t say such nonsense.. be mature bruh
Na talk be that one, who say make wizkid sef no follow use him papa money enter the industry
Who tell yhu dat one, davido way be say when he enter music industrie him father use police day fyn am bcuz of say him tell am say make he no sing but he no hear, guy abeg go read their story well.
Who tell u say david get bar pass wizzy. kolo people
how can you compare wizzy and davido? wizzy started from the street and davido started with his father money. read more online
No wahala god bless them all,,,🚩🇦🇹🇦🇹🇦🇺 me sef go make am 2
Comment:naso sadiq high star for u we go make am too
Comment:abi,we all are going to also make it in life ….
Nawa oOO… Olamide on #10?????
You guys tried though
Don Jazzy should come before Davido
Fake
This is fake how can don jazzy be behind davido, this is you guys list.
i tink say Davido say him get 30 billion for him acct
and wizkid just did the o2 arena show … make una lie well
Comment:Meeeee!i gettttty 30 billion… odo iyewu.
You guys put up a stupid article here oo, please do serious findings before you post, none of these people net worth is correct… I don’t know it too, but you can’t tell me this is right Haba…Davido bought a jet worth 9 billion months back, calculate abeg…
Comment:Yes you are correct bro the jet is even #9.77billions so i wonder how person go get 9billions for account and bought such private jet I think this is shit
Davido didn’t buy any jet, it was just a show off. Browsr it
Wizkid is the man. I don’t think devido has gotten to that level. We all know his dad has been supporting. And he’s still supporting
Comment:una God go bless more more ojere this people are saying rubbish wizkid grass to grace and davido wey him papa give money everyday …abeg na who get level pass wizkid first davdo..sing music even reign oo so bcos of money now davido b first then wizkid na God go punish them o.
Comment:May God almighty bless all of them
this one na big lie
Most people are saying the list is fake but from my research and findings it is real but specifically think Olamide should handle the 10th position not flavour
Wizkid is the first
i just knew wizkid would be the most expensive nigerian artist when it comes to fees paid for performance, Star boy has done so much for himself ,and his just 27 years old
Awesome List, Jaguda keep it up
Comment:dat is a lie
Comment:na wa see davido omo ano
Comment:davido get beer parlour oo
Comment:davido is the best
Comment:
correct Leonard.
David remain the best among all
Comment:what about WizKid?
Comment:forget say they make am me self go make am tooo
Comment:Wizkid is the main update
Comment:i go make am too
Comment:am proud of you davido will all ❤️ u….
Comment:my greatest olamide baddo in number 10 with that flavour.. oga oo…more success I wish him…gonna see him in number 1 soon
Comment:lamba haha bado 10 at least 5 naaa
Once davido aways davido baba u ar too much,is ur turn to shine
Comment: wizkid Is the richest dan Davido because he hustle for his money, please don’t even mention davido among richest.
Comment: wizkid is the best..
Comment:Na lie Na me be number 9
It’s not possible, how can Wizkid, Davido. Come before 2face, donjazzy, d banj, psquare and timaya 😤😤😡😠
Comment:i think it’s should be don jazzy first before those twin brother,s davido and wizkid
Comment: oorrh issorite me too I’ll become a star one day
Comment:wizkid is the best I ever had of to Known
obo you be the best
and my mentor
Hahahaha
Comment:my name is peace Daniel O.B.O brother I know davido go most be the first because the boy hot nha my age mant davido y too much my God bless your mouth with more music I love you davido we say make you carry go you too
Comment:ola do make you show up we are always here to see your best
Where don jazzy and p-square dey wey dey de Call wizkid
Dem dey inside mosque
Dem dey inside mosque
Always love to c u heading!!:-$:-$,
Wiskid is de best nd wil remain de best:
Davido OBO All The Way! We Rise By Lifting Others!
i’m not even sure if any of this guys have billion self lolz….. admin nice articles
People are saying WizKid is the best because he hustle for his money ,you don’t rate them that way afterall Davido have sinior brother who knows him ,with that same money his dad has but body knows him we praise davido the guy is hadworling put his dad money at side ,there are millions of people the will give such money but they will not go far, the guy is talented and hardworking that’s why he keep leading
Comment: I the hail flavour and timaya you guyz are making us proud here bro
Comment: omo baba olowo nah number one
o.b.o baddest
Olamide MI, I really wish u to b d no 1, I love u more than my papa keep it up bro but Baba b careful Money no b everythng much Love I gat fr u bro
Comment:wizkid you are d best we love u all
na wizkid b the boss here bcos he dey talented and he also work to worst it non of his song no they boss brain
Comment:As for me I love them both, but davido na baba, although Wizkid is trying, maybe if he put more effort he can still meet him
Comment:My dear is not easy shall, I davido remains baba for show
Wizkid na first fr my own top 10
.
Comment: I can not hear anything from you people, what I know is wizkid is the richest, who is Davido? shit!!!!!
lol.. e pain baba ooooo… 👑 OBO all the way
Comment:abeg o make who na live my Oga for me o odo nor do anything to who na na my father be that o Aye baba na so e be nor thing do u oo OBO I day with You
Congrats to Davido
Comment:Kudos to Davido
Comment:lolzz you guys are really funny… Mr P is actually the richest follow by rude boy.. 3 =Don jazzy… 4= 2face..5th is actually wizkid then 6th is Davido.. 7= baby w.. 8 flavor = 9 olamide.. 10 phyno
argue it.? check African Forbes list…
Comment:What ever! All I know is that Nigeria artists are doing well full stop
Comment:Orga this rating na shit
olamide is more than that.
when did u see bankyw do any song again
wizkid has more money than Davido
No be liw
Comment:Am sure this list is not correct….
Comment:wizzy na oga a de top.
UP Wizzzzyyy baabbyyy!!..lol
Comment: guys all I know is that 2 person can’t take first position at a time.Leave this guys and move forward.
Comment:n na so davido is the best me self I need help make I.get money too because I dey suffered
Wizkid my man is on the list, starboy for life
Life sha
Comment:who will have a father and his father will not help him to grow who train wizkid guys davido na baba obo badest
Even if davido start with his father money is not a crime ,a first is always a first ,anyway keep it up davido d sky is your limits.
This list is not correct
Assuming p-square and im broda no depart..na Dem for b number 1….
Me self go make as those star…
all is well with you baddo you will soon go higher than this in Jesus name olamide I see you oh obo omo baba olowo davido I hail you oh more blessing
Me i no believe say davido na first o becaus e him father money dey his networth, and this one wey they go put olamide for ten they mad ni
Comment: y olamide badooooo go de for ten,
Davido all the wayyyyyy
Wizkid na number one joor,
Davido started with his father’s wealth, Wizkid started from the street, Davido is number 3
Comment:if na like dat;wizkid na number(1)
one bcos wizi na street boy, devido should not be compared with starboy