Updated In 2018: Richest Musicians In Nigeria 2017/2018 And Their Net Worth
Everybody is beginning to understand that there is a lot of money to gain as a musician and from what i am seeing right now, this statement is not far from the truth. People get things wrong when they venture into music without completing their studies or not even enrolling into any higher institution to pursue their degree.
To become successful in your music career today, you have to be education because music involves combining words together to make it flow and how do you do this without a proper knowledge of grammar. It is very obvious that money is circulating in the Nigerian music industry and a enviable sum for that matter this is why people are resorting to starting their own career in music without proper education . We are also aware that The Nigerian entertainment industry has improved over the years with local music being one of the sector to see rapid development. But this doesn’t mean everybody should dive into music.
If you take a good look at artistes who have sprung up in the Nigerian music industry recently, they are all equal to the task which is one major reason they are winning in their career. What we can see these days in The Nigerian entertainment industry is that hard work is paying off now and our musicians are gradually gaining international recognition. Being a musician in Nigeria is now seen as a profession and most singers in the country make decent cash on a daily basis. So we are hitting you with list of top 10 richest musicians in Nigeria 2017 and their net worth at the moment.
Richest Musicians In Nigeria 2017/2018 And Their Net Worth
P-Square consist of music duo Peter and Paul Okoye and they are the richest twin musicians not only in Africa, but in the world. P-Square started their music career from the scratch and has been able to make it to the top of their career . If you are conversant with Nigerian Entertainment Industry irrespective of where you are from, then the name P-Square shouldn’t sound strange to you. As at year 2017 , P-Square is the biggest African Music Duo in Nigeria and i don’t even think there is another twin singers in country last time we checked.
They are the owner of SQUARE RECORDS and they have sold lots of albums all over the country. They have amassed a lot of wealth over their decorated career, they are reported to worth over 15 billion Naira. P-Square new mansion is worth over A Billion Naira and they are the reason so many Nigerians are thinking of diving into Entertainments. On the top 10 most viewed African music videos on YouTube, P-Square has five, leaving other African musicians to share the remaining five. P-Square are the only Nigerian musician who own a mansion in the billionaire neighbourhood – Banana Island.
The Okoye brother are currently fighting each other and it seems they are heading for breakup. We just pray they never split because if they do there will be a lot of consequencies because both of them can’t succeed in their separate career trust me. One of them must go down the drain just like what happened in the case of Kcee and Presh.
2. Don Jazzy
Don Jazzy is one of the richest person in the Nigerian Entertainment Industry as a musician and a producers. He is the only person on this list who has featured in quite a number of songs but doesn’t have one track to his name. He is a talented singer and music producer who have earned several awards and nominations in his career. Don Jazzy is one of the richest (if not the richest) in Africa and has endorsement deal from brands like Samsung, Loya Milk, Konga and many more . He is the CEO and chairman of one of the most successful record label in Nigeria, Mavin Records. His estimated net worth as at 2017 is N6.5 billion.
3. D’Banj “Koko Master”
D’Banj is not just one of the richest Nigerian musician today but also the most accomplished and successful who broke into the international scene many years ago and paving way for other Nigerian artistes to shine internationally. He is popular called KOKO MASTER and his real name is D’Banj. He co-founded the popular Mo’Hits music record label with Don Jazzy, but they later called it a wrap after some years. Following their split, D’Banj founded his new record label “DB Records” while Don Jazzy founded Mavin Records . Apart from music , D’Banj is also involve in several businesses and he’s a World Bank ambassador for poverty eradication in Africa.
Young Wizkid is able to secure this spot as result of his recent achievements in his music career. You would agree with me that Wizkid has suddenly turned out to become one of the most popular Nigerian singer in the world not only Nigeria this time. He has been able to break into the international market featuring a lot of American singers like Drake, Chris Brown, Trey Songs and many other popular international faces. He gained recognition after he got signed to EME records by Banky W, where he released his “Holla at your boi” which shot him into the spotlight. The young star boy has since gone on to become one of the biggest stars in the global scene.
Starboy Wizzy comes fourth in the list Sequel to the recent release of the Richest Artists In African By Forbes. His real name is Ayo Balogun comes the 7th on the List after major artist in Different Countries. He is currently signed to RCA Records / Sony Music WorldWide, He owns a record label – “Starboy” where he housed top musicians like Mr Eazi & R2Bees.
He has won several awards and nominations , he is a multiple award winning singer who has gone far and wide . I call him “small but mighty” boy because he has seen what he mentor hasn’t even considered to be real. Wizkid is an ambassador for the giant brand Pepsi and Globacom and his estimated net worth stand at a whooping sum of N2.8 billion
This young Nigerian musician is often regarded as OBO (Omo Baba Olowo) which means son of a wealthy man. He was the lead act in his HKN music group, a label he co-founded with his brother before they parted ways, he went to establish his own record label “Davido Music Worldwide” which house Dremo and Mayorkun. His real name is David Adeleke stage name Davido popular called Omo Baba Olowo because his father is monstrously rich. He stormed the Nigerian music industry with his hit track, Ema Da Mi duro. This banging hit was well-received and this brought him to fame and limelight. He was listed as the 8th Richest Artist In Africa by Forbes, His first single “IF” in 2017 made viral waves accross Africa, The song was recently remixed by American Super Star R Kelly.
Davido made mention of 30 Billion In His Account in his recent hit “IF” and this statement has kept people wondering if he is truely worth that amount. But i am not here to judge though and i won’t be commenting on that. Couple of years ago , he signed a contract with Sony music which has helped promote his brand internationally. But he later quite the contract and returned to his local route where he love to dominate.
6. Innocent “2Face” Idibia
The simple fact is that this man is not really innocent as his name suggests, because there is so many baby-mama dramas in his life but we are happy with him of late that he has finally decided to become a responsible father. One thing we are very sure of about this man is that he helped forged the Nigerian Music Industry into what it is today and we will remain thankful for that forever. “2Face” Idibia is that Nigerian musician that has an extremely likeable personality because of his gentle lifestyle.
He became famous after releasing “African Queen” following the split of Plantashun boys. He recently made a remix to his hit single “African Queen” which was welll received andn has an endorsement deal as the African ambassador for alcoholic drink, Campari. He one artiste that started his career during the inception of Nigerian Music and has been able to stay relevant till this moment .
Chinedu Izuchukwu Okoli is his real name better known as Flavour, is a talented Nigerian artiste that is from the eastern part of Nigeria who has made his people proud with his music career. He is the most successful singer from that part of Nigeria and has helped spring up many upcoming stars from his route. Flavour is a versatile vocalist has been a relevant personality since he came into limelight. He currency has an endorsement worth Millions Of Naira with FlaTummy Tea and GLOBACOM .The High Life artist Flavour N’abania also has an endorsement deal with Life Continental Beer. He is currently signed under 2NITE ENTERTAINMENT, he is popularly known by his hit song nwa baby (ashawo remix) . His net worth is N2.5 billion.
The next person on the queue is no other person than the almighty Olamide Baddo also known as the street representative. I know must of you will be wondering right now how he managed to occupy this spot, let’s face reality – Olamide is now one of the most successful Nigerian rapper holding down his career locally without any intention to please the international market. From every indications, Olamide is currently collecting a lot of cash locally and wish to remain the street favorite till the end of his lucrative career.
One thing can is easily noticed about this young star is that even though people don’t understand what he is saying because he often raps in Yoruba, they will still node their head to the song and get their groove on. This is the most interesting part . Olamide is the CEO of YBNL record and has signed a lot of rappers and singers , some has left following the expiration of their contract while some are still under him. One thing that will know about his artistes is that they are all successful in their career and that is what the music business is all about.
9. Tiwa Savage
The first female artiste on this list. This is another name in the Nigerian Entertainment Industry that doesn’t need any formal introduction but for the sake of those people that is not conversant with the Entertainment Industry i will be introducing her officially. Tiwa Savage is the first lady of the Mavin Crew who has several hit songs . she is one of the richest Nigerian musician and she was recently listed as one of the most influential woman by BBC. She’s an ambassador for various brands like Pepsi, Huggies, MTN. Her “Eminado” song has over 7 million views on YouTube. Tiwa Savage is the richest female musician in Nigeria and she has a deal with Jay Z Record Label Roc Nation.
Phyno is one of the few rappers in Nigeria who inserts their native dialects in their songs like his brother from another mother Flavour. The interesting part is that he also used English to deliver message in his songs and you can easily relate to what he’s saying by effortlessly grasping his message. Phyno is one of the most respected and most successful indigenous rapper , he owns different cars in fact he lives in luxurious lifestyle. He’s an Airtel and NairaBet ambassador and his net worth is around N870 million.
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