Top 10 RICHEST Musicians In Nigeria And Their Net Worth – 2018

Top 10 RICHEST Musicians In Nigeria And Their Net Worth – 2018

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.

READ ALSO: Top 10 RICHEST Musicians In Nigeria And Net Worth – 2020

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.

  1. 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.

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  1. 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.

  1. 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.  

  1. 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.

  1. 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.

  1. 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.

  1. 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.

  1. 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.

  1. 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.  

  1. 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.


  1. 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

  2. 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.

  3. 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

  4. 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

  5. Comment: wizkid Is the richest dan Davido because he hustle for his money, please don’t even mention davido among richest.

  6. It’s not possible, how can Wizkid, Davido. Come before 2face, donjazzy, d banj, psquare and timaya 😤😤😡😠

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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…

  12. Comment:What ever! All I know is that Nigeria artists are doing well full stop

  13. Comment: guys all I know is that 2 person can’t take first position at a time.Leave this guys and move forward.

  14. Comment:who will have a father and his father will not help him to grow who train wizkid guys davido na baba obo badest

  15. 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.

  16. 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


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