Top 10 Richest Musicians In Nigeria 2019 And Net Worth (According To Forbes)

Nigerian musicians are among some of the world
richest musicians around the globe. Some of them
like Davido, Wizkid are known for buying some of
their extravagance items in cash whether in
Naira, Dollar or Pounds.
Besides the Music Industry in Nigeria is so profitable
that making a monster hit 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.
Do you wonder how much much your favourite
Nigerian musician is worth? Then you are reading just
the right article, as we will outline the top 10 richest
musicians in Nigeria and their estimated net worth in
Naira.
The figures of their net worth are drawn from
cumulative wealth, gig fee, endorsements and
probable investments by these artists in the past 12
months.
Below is the ranking of Nigerian music stars according
to their net worth.
10. Banky W
On the 10th spot is Mr. Olubankole Wellington widely
known by his stage name Banky W. The R&B singer
is a top Nigerian artiste who commands both
influence and the money too.
Last year the EME boss declared his interest to run for
the office of the Member House of Representatives
for Eti-Osa Federal Constituency. He did run and
came 1st runner up on the platform of a relatively
unknown party.
Before the politics, Banky W has huge brand
influencer and ambassador for multinational
companies like Samsung, Uber, etc with benefits
running in millions.
He is happily married and has other interest in acting,
film production, event host, and public speaking. His
estimated net worth is put to be around N1.5 billion.
9. Flavour
Contemporary highlife king Flavour takes the next
slot right after Banky W. The ‘Ada Ada’ crooner is a
big toast in Eastern Nigeria where he hails from.
Flavour is one of the busiest Nigerian music stars as
he plays at least 3 to 7 shows every week with a
high service charge.
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 N3.7 billion.
8. Timaya
Nigerian dancehall star Enitimi Alfred Odom better
know as Timaya takes the number 8 position in our
ranking. The DM Records boss tries to keep a low
profile but he is very much as far as entertainment in
Nigeria is concerned.
The Bayelsa born singer according to insiders takes
home about 8 million Naira to do his job at any
occasion he is called upon to perform.
At the moment the ‘Balance‘ crooner has running
endorsements deals with Nigerian TeleCo Glo and
Cognac brand Hennessy all worth several millions of
Naira.
A few months back to last December the singer was
buying new cars for his associates and himself to
celebrate the festivities. Timaya’s estimated net worth
is put at N5 billion.
7. Rudeboy (Paul Okoye)
Paul Okoye aka Rudeboy is a former member of the
sensational music duo Psquare. He occupies the
number 7 spot. Paul Okoye and his brother Peter
used to rule the African music scene until they split
two years ago.
PSquare was among the top three richest musicians
in Africa before the separation. The music group used
to charge the highest fee for a gig by any Nigerian
artist, that has somehow changed as he stands alone.
These days, the ‘Reason With Me‘ hitmaker embarks
on tours across Europe and America with his brother
and kills the shows notwithstanding. His estimated
net worth valued at about N5.8 billion.
6. Mr. P (Peter Okoye)
It has been about two years since Peter and Paul
Okoye former members of P Square split up. Before
now the duo used to be higher up in the rankings as
their net worth was calculated together.
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 N5.9 billion.
5. 2Baba
This year 2Face aka 2Baba marked his 20 years of
being in the Nigerian music industry in collaboration
with Trace Naija. He is the 5th richest musician in
Nigeria according to our list.
The 43-year-old singer is very likeable by his
colleagues both young and old. His goodwill and
mature demeanour have made him a magnet of
brand endorsement deal from the likes of Glo,
Campari, etc.
2Baba who is also popular for his number of children
is a top real estate investor, especially in the nightlife
business. As a consistent hitmaker 2Baba’s net worth
is estimated to be about 6 billion Naira.
4. D’banj
Dapo Daniel Oyebanjo aka D’banj 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.
He is the CEO of CREAM Platform, which was valued
to be worth about $100,000,000 by an American firm.
D’banj charges a fortune to mount the stage
anywhere to perform a figure of about N6 million he
also made a runway debut in Johannesburg, South
Africa.
Last year he gave a rousing show at Global Citizen
Festival Mandela 100 in South Africa last December.
He is worth an estimated figure of about 6.2 billion
Naira.
3. Don Jazzy
Ace music producer Michael Ajereh Collins better
known as Don Jazzy is the CEO of Mavin Records, a
record label that has buzzing act like Rema, Korede
Bello, Dr Sid, D’Prince, Johnny Drille, POE, and recently
Crayon etc.
Recently, Mavin Records received millions of dollars in
investment from Kupanda Holdings to help it expand
to Mavin Global.
Don Jazzy is number three on our list and one of the
richest musicians in Africa. The highly revered music
maker has other businesses outside music. He is a
brand ambassador for Scotch Whisky Johnnie Walker.
The beat maker’s net worth is valued to be around
N8.7 billion.
2. Davido
David Adeleke is easily one of the richest musicians
in Nigeria and Africa. The DMW boss a big name In
African entertainment and his bank account sure
supports the fact.
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.
He has endorsement deals with Infinix Mobility, AXE
perfume, Travelbeta etc. Davido’s estimated net
worth is put at about 9.2 billion Naira.
1. Wizkid
Sitting at the number one spot as the richest Nigerian
musician is Ayodeji Ibrahim Balogun widely known
as Wizkid.
The past 12 months have been interesting for the
Starboy as he raked in some millions of dollars which
takes him to the top of our list. 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.
The ‘Fever‘ crooner is a brand ambassador for vodka
brand Ciroc and he has customized Starboy Ciroc
bottles. And for the record, the singer sold out the
20,000 capacity O2 Arena, London for his Afro
Republik concert.
Wizkid is one of the richest musicians in Africa
according to Forbes ranking. His net worth has
jumped in the past 12 months and it is estimated to
be at about 9.8 billion Naira.
The End!!!
Thanks for checking out Top 10 Richest Musicians in
Nigeria 2019 And Net Worth


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