Top 10 richest artistes in the Nigerian music industry

flexxzoneOctober 19, 20180 Comment01.6k

If you compare the Nigerian music industry now with what it used to be in the early 90’s to 2005, you’d notice a huge difference in the style of music. Nigerian musicians, songwriters, producers, and music-video directors have improved on their beat, rhythm, and lyrics, as well as the quality of their music videos.
Because of this astonishing change, Nigerian music artistes now make a lot more money. Want to how they are rated in terms of net worth? See the list of “Forbes Top 10 Richest Nigerian Musicians” in 2018.

● On the No 10 position is Olamide, who has been very successful in his career as an artiste, selling over 40 million copies of his album internationally with hit songs like “Wo and Shaku-Shaku”! He has been able to top the charts on several occasions while keeping his audience entertained. He has a net worth of about N5 billion.

Via Premium Times Nigeria

● Occupying the No 9 spot is Phyno, whose real name is Azubuike Nelson Chibuzor. He is known in Nigeria as the most indigenous Igbo rapper in the country and has lots of endorsement deals with banks and telecoms among others. His net worth is about N5.5 billion.

Via Premium Times Nigeria

● Olubankole Wellington, popularly known as Banky-W, is an award-winning R&B singer and songwriter who occupies the 8th spot on the list. He has endorsements deals with big brands like Samsung, and his net worth is about N6 billion according to Forbes. He’s not doing badly at all.

Via PM NEWS Nigeria

● Timaya, “the plantain boy” as we know him to be from his debut album, is Number 7 on the list. To book Timaya for a show, you should have at least N8 million. His net worth is currently N7 billion.

Via Concise News

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● P-Square (Paul and Peter Okoye) have dropped on the Forbes list of richest Nigerian artistes due to their break up, although they still produce music separately. They are said to be worth N8 billion each.

Via Happenings

● Innocent Idibia who is popularly known as 2 Face Idibia or 2 Baba, has remained on top of his music game for almost 2 decades. His award-winning song “African Queen” was the song that brought him to the limelight. He remains a musical legend in Nigeria and is revered by many. His net-worth of about N15 billion keeps him on the 5th spot on the Forbes list.

Via Tori

● D’banj aka “The Koko Master” or “Banga Lee” as he likes to call himself, gained his popularity when he joined the MOHITS crew. He charges about N5 million for a show and has a net worth of about N16 billion.

Vibe.ng

● Don Jazzy Don Jazzy charges about N600 000 to produce a beat. With his magic sound, he has been able to accumulate a net worth of about N17 billion.

Via Daily Post Nigeria

● Wizkid who was formerly a recording artiste with EME a couple of years back is now an international music sensation. He is currently signed to Sony music and is making waves internationally. Also, he is collaborating with artistes like Drake. He has a net worth N20 billion.

Via Thisdaylive

● Davido according to Forbes, is Nigeria’s richest musician with an estimated net worth of N20 billion. He is a multiple award-winning artiste and he’s got a record label called David Music Worldwide (DMW). He is currently making hits in the Nigerian music scene as well as the international scene, too.