richest musician in Nigeria

Want to know the net worth of the top 10 richest musician in Nigeria? Not quite long, I gave a quick round up about the top 10 richest footballer in Nigeria, so check that out as well.

Music has always been an integral part of human life. Talented musicians use their gifts and abilities to release hit tracks, and songs to the admiration of their fans.

Nigerian musicians are not left behind. Musicians make their fortune from releasing tracks, endorsements deals from notable organizations and personal investment.

In this post, I will give the top 10 richest musicians in Nigeria and their net worth and this will be according to Forbes list of richest musicians. Also, only one of these musicians made our list of top 10 best rapper in Nigeria. You should check that out.

Forbes is generally known for giving reliable information due to its over one hundred years legacy. Nigerian musicians always give their best so as to be among this list. Thus, this has given room for competition.

Top 10 Richest Musician In Nigeria 2018 Forbes List Top Ten

Forbes richest musician in Nigeria based their information not on speculations but from top stakeholders and executives in the industry.

Still, it’s not so easy to accurately present a list of these Nigerian artistes because one can’t know every detail about how they make their money. So let’s get started!

Davido Net Worth

richest musician in Nigeria

Davido who is often called OBO (Omo Baba Olowo) is one of the top 10 richest musician in Nigeria. He is the only son of Dr. Deji Adeleke who is one of the wealthiest men in Nigeria.

Davido was born on 21st November 1992 and attended the British International School in Lagos and also studied business administration in USA.

He is a Nigerian producer, Singer, song writer, record producer. Davido is the co-owner of HKN music and he produced songs for Tiwa savage, Skales and Naeto C.

Also he has collaborated with many notable super stars across the country. In 2012, he signed an endorsement deal with MTN, and also an ambassador of Sony music.

This lover boy recently bought a private jet and also purchased a N45 million Porsche car for his girlfriend Chioma for her 23rd birthday and got an endorsement deal of N60 million for her. That is what we now call Assurance.

In fact when he is in the mood, he stunned his fans on social media with different gifts. He has won numerous awards e.g. Nigerian entertainment awards, Nigerian music video award, Ghana music awards. He has many luxurious cars which include Toyota land cruiser, Mercedes Benz (AMG series G-Glass) and many more.

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With his worth, estimated to be N9 billion he must not be omitted from the list of top 10 richest musician in Nigeria. Still he couldn’t compete with the top 10 richest musician in the world


richest musician in Nigeria

On my list of top 10 richest musicians in Nigeria is Ayodeji Balogun Ibrahim, popularly known as Wizkid. He was born 1990 and he is the only male child in his family.

When he was 11, he developed his passion in music and he got his inspiration from musicians like king sunny Ade, and late Fela Anikulapo, and when he met Banky W his life changed.

Did you know that Wizkid’s formal stage name was “Lil Prinz” but in 2006, he changed his name to Wizkid.

Wizkid is the CEO of Star Boy records and has collaborated with notable superstars e.g Run town, Drake, Wande coal and many more. Wizkid owns many mansions and lot of luxurious cars e.g BMW, Bentley Mercedes and many more.

He has signed many endorsement deals with brands like Pepsi and Glo which has earn him hundreds of million. Having a net worth of N8 billion he has made it to my list of top 10 richest musician in Nigeria.

Don Jazzy

richest musician in Nigeria

Michael Collins Ajereh known as Don Jazzy or Don Baba J has also made it to my list of 10 top richest musicians in Nigeria. He was born on 26th November, 1982 and attended Federal Government College, Lagos. He  then proceeded to Ambrose Ali University.

Don Jazzy is a producer, Nigerian singer, song writer and performer and the CEO of Marvin’s records. He has produced many albums and singles for many artists in Nigeria and winning stars like Dbanj, Reekado Banks, Dija, and Korede Bello.

Apart from being a music producer his source of income also comes from different endorsement deals which include MTN and Loya milk.

He has won many awards which include Nigerian music award, city people entertainment award, headies award and many more. His net worth according to Forbes is estimated to be N7.5 billion.


richest musician in Nigeria

Oladapo Daniel Oyebanjo known as D banj who was born on 9th June 1980 in Zaria is not excluded on my list of top 10 richest musician in Nigeria.

He was enrolled to the Nigerian military school and he proceeded to study mechanical engineering at Lagos state university.

This young billionaire has secured deals from numerous endorsement deals with heritage bank, energy drink known as power fist, and Sony. He is also an ambassador of Bank of industry (BOI) and globacom.

D banj charges over N6 million per show He has won many awards e.g. best collaboration and so on. His net worth is N6 billion. So, he makes my list to the top 10 richest musician in Nigeria.

P Square

Hmm… Another of the top ten. Peter Okoye and Paul okoye are known as P square. The duo and identical twins can never be left out when we are talking about the top 10 richest musician in Nigeria.

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They were born on 18th of November, 1981 in Jos.  They went to St. Murumba secondary school a small catholic school in Jos. and later joined school music and drama club.

In 1999, they went to university of Abuja. They were both recording artist, performer and popular break dancers. They both performed album with artists like Sean Paul, Akon and Ginuwine.

They released music album like Get squared, Danger, Game over and many more. Who does not know about any of these albums? They collaborated with 2face idibia, Frenzy, and J martins.

Though, they have splitted last year due to some family issues, before they went their separate ways .they both signed many endorsement deals worth million of  Naira e.g globacom and so on.

Peter had endorsement deals with Kia motors, Olympic e.t.c that worth millions of naira and both of them have won many awards which include Nigerian magazine awards, ciy magazine, the headies, Kora awards and many more.

Based on Forbes list of richest musicians in Nigeria, Peter’s worth is estimated to N5.8 billion while Paul’s net worth is N5.6 billion

2Face Worth

richest musician in Nigeria

Also on my list of top 10 richest musician in Nigeria is Innocent Ujah Idibia whose stage name is known as 2Face or 2Baba. He is a record producer, songwriter, and Nigerian singer.

He was born on 18th September 1975 and he completed his secondary education in Markudi. 2Baba has a record label known as Hypertex entertainment. He charges close to N1.3 million per show.

Apart from music, 2Baba makes his money from endorsement deals. He has signed endorsement deals worth millions of naira. For example, he signed deals with Glo, Campari, Guinness Nigeria, NAFDAC and also in 2010 he signed a deal with Airtel worth N20 million.

He also owns numerous cars and mansions worth hundreds of millions. 2face has won many awards which includes MTV Europe award, headies award e. t. c. According to Forbes his net worth is currently estimated to be N5.9 billion.


richest musician in Nigeria

Entimi Alfred Odom popularly known as Timaya has also made my list of top 10 richest musicians in Nigeria. He was born on 2nd November 1980. Timaya is a Nigerian singer, and song writer and he is the CEO of  DM Record label.

He has collaborated with Phyno, Terry G, K solo, Kefee, J.Martins and others. Timaya has endorsement deals worth millions with Glo and cognac brand Henessy.

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He has numerous mansions and luxurious cars that are worth hundreds of millions. In fact, for Timaya to show up or even perform at any event, the indigene of bayelsa state charges 8 million Naira. His net worth  is N5.5 billion.

Banky W

richest musician in Nigeria

Olubankole Wellington known as Banky W or Mr. Capable was born in 1981 in the United states of America. He attended Corona primary school and he studied industrial engineering in New York.

Apart from music, the husband to the pretty actress Adesuwa is also into event host, acting and film production He is also the CEO of EME records. His albums include undeniable, Ebute metta, Capable, etc.

He has signed many endorsement deals worth millions and he is a brand ambassador for many companies e.g Uber hail cab service provider and he is the first Nigerian celebrity to be awarded such honor.

Banky W is happily married to Adesua Etomi who has also made our list of Nollywood Top 15 Nigerian actresses. You should check that out.

He was the first ambassador of Samsung electronics and endorsement of vodka brand ciroc and  9mobile. His worth which is estimated as N3.5 billion has also made him sit on my list of 10 top richest musicians in Nigeria.

Olamide Bado

richest musician in Nigeria

Here is another boss on my list of top 10 richest musician in Nigeria. Olamide Adedeji popularly called Badoo was born on 15th of March 1989.

He attended both primary and secondary school in Lagos and proceeded to Tai Solarin University of education to study mass communication. He is the founder of popular music record Label YBNL. The group has produced stars such as Lil kesh, Chinko Ekun and Adekunle Gold.

He signed endorsement deals with ciroc, Glo and Sterling bank that worth #30 million. He is also an ambassador of Etisalat.

He has won numerous awards which include headies awards, MTV Base awards and so on. With all these, Olamide must not be exempted among my top 10 richest musician in Nigeria.


richest musician in Nigeria

Also on my list of top 10 richest musician in Nigeria is this handsome man called Chinedu Okoli also known as Flavour N’abania. He was born on 23rd November 1983.

His first album which is N’abania was the first album that was released in 2010.currently his net worth is estimated as N3.2 billion. He has many endorsements deals with many brands e.g bullet, hero beer and many more.

Flavour has won many awards which include best music video of the year, MTV Africa music award and many more.

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