Earlier on we have heard some star and leading musicians say they have 30 billion naira in their account while in some cases they simply put it as “I get 2 million dollars, no be say na asset”. To clear the air for fans who are puzzled to know who is who in the wealth aspect of music we’ve put up a list of 2018 top 10 richest musicians in Nigeria in descending order.
#10 – Psquare
When it comes to money in the Nigerian music industry Peter and Paul Okoye, identical twin known as P-Square are indeed leading the way. They’ve produced several albums under the Square Records. Later on, he signed a record deal with Akon’s Konvict Muzik label. And according to our source, it is said that they charge up to 8 Million Naira per show and as leading musicians, they attend quite a large number of shows every year. They also won KORA awards for Best African Artiste in the year 2010, an award that comes handy with 150 Million Naira. They have a strong both within and outside the country and good at signing endorsement deals on daily basis.
Net worth: N15 Billion.
#9 – Don Jazzy
Founder and Boss of Mavins Record and co-founder of the now-defunct record label Mo’ Hits Record in 2004. His name is Michael Collins Ajereh but well known by his stage name Don Jazzy. He is a recording artist, record producer, and an entrepreneur. His new record label has star artist like Iyanya, Tiwa Savage, Korede Bello, Di’ja working with the brand. Our source said he charges up to N500,000 to produce a song which to THEUPSPOT is a good intro on how he makes his money.
Net worth: N6.5 Billion
#8 – D’Banj
He is the current CEO of MO’ Hits record and also a key singer, songwriter, entrepreneur and one of the leading television personality. He real name is Oladapo Daniel Oyebanjo but is usually called by his stage name which is D’banj or Koko-Master. In recent years he has signed top endorsement deals which in turn rolled out awesome profits.
Net worth: N5 Billion
#7 – 2Baba (Innocent 2face Idibia)
2Baba aka Innocent (2face) Idibia is not just one of the star musicians in Nigeria and the number four richest but he is also a well-respected and influential celebrity Nigeria has had in recent time. His real name is Innocent Ujah Idibia and he has officially dropped the stage name Tuface to 2Baba.
Net worth: N4.5 Billion
#6 – Davido (OBO)
Omo Baba Olowo (OBO) won the Mobo award (a Europe music award which started in 1996) held in November 2017 and has also emerged the Best African Act of the year. David Adedeji Adeleke is well known by his stage name Davido or OBO and is the best Musician as at the time this post was published. He is now signed with a world leading music giant SONY records.
Net worth: N2.9 Billion
#5 – Wizkid
Starboy or Wizkid which one you call him he will definitely answer you with an amazing song that will take your mind off your worries for the whole year. His name is Ayodeji Ibrahim Balogun and was born on 16th July 1990. Last year Wizzy beat some top musicians including Drake, Jay-Z, Travis Scott, Kendrick Lamar, Cardi B, DJ Khaled, Migos, SZA, and Solange Knowles to get the Best International Artist prize. Wizkid is currently in partnership with SONY Records.
Net worth: N2.8 Billion
#4 – Flavour
Flavour (N’abania) is a Nigerian star singer, multi-instrumentalist, songwriter and amazing performer. He started out as a drummer for a small church in his hometown at Enugu Stage, Nigeria and grow to a star artist, famous and rich. His name is Chinedu Okoli.
Net worth: N2.5 Billion
#3 – Banky W
His name is Oluwabankole Wellington but he is well known by his stage name Banky W, and in movie as Banky Wellington. He is a Nigeria leading singer, rapper, actor and also known to have shown Wizkid the way in the Nigerian music industry. Banky W, born on March 27th, 1981 is a brand ambassador of Etisalat and Samsung Mobile for West African region and has a multi-million naira deal with Ciroc.
Net worth: N2.3 Billion
#2 – Iyanya
Iyanya is a born musical talent who skyrocket with his opportunity at the first season of Project Fame West Africa to becoming one the best musician and amazing performer in Nigeria. Among others, one of his hit single is titled “Kukere”. His name is Iyanya Onoyom Mbuk, born on October 31st, 1986. In 2011 he co-founded the record label Made Men Music Group with Ubi Franklin. And also Yudala ambassador.
Net worth: N1.8 Billion
#1 – Timaya
He started out with his hit song way back in 2005 titled “Dem Mama” which later came up in his debut album, True Story in the following year. After that he when on to release Gift and Grace in 2008. The 37 years young superstar born on August 15th, 1980 isn’t just only having over 20 million views on YouTube but is also the founder of South South Hip Hop Group Dem Mama Soldiers. His name is Inetimi Alfred Odon but he goes by stage name Timaya.
Net worth: N1.1 Billion
#0 – Little Extra
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