This is a new year, and I know most people who love the Nigerian music industry and our artistes would like to know at-least Top 10 Richest Musicians in Nigeria  Google Trends made that known to us.

Firstly, I will like to make it known that to know to rate the wealth of musicians, you should check the following..

⦁ Does he or she run have another functioning business aside music?
⦁ if the artist signed to a label or on his/her own
⦁ If an album released by the artist that year? If yes, how well it sold in the market and on Itunes?
⦁ How many endorsements and how much he or she is been paid?
⦁ If he or she has been in the industry for a while?
⦁ How much does he or she get paid for shows?
⦁ How many hit songs has he or she released, and what was the sales report on Itunes
⦁ How often does he or she get called in shows?
⦁ How many tours he or she went to and how many crowd it pulled

Top 10 Richest Musicians in Nigeria

P-Square: P-Square that consist of Peter and Paul Okoye gets more than 4 shows lined up in one week, Peter and Paul Okoye have often been described as an unstoppable duo, with the power of dance and music they have completely redefined the Nigerian music scene.They own the popular Square Villa in Ikeja, Lagos and the mansion is said to worth $3 million, they also have investments in the Nigerian oil sector, The star singers, Peter and Paul Okoye known as P Square have been dominant Globacom ambassadors, One of them, Peter Okoye is the face of Olympic Milk deals swelling their endorsement status. The singers definitely have other deals but these are what is known so far. They get a lot of cash from their tour, they own exquisite cars and SUVs and a private jet.

Don Jazzy: Michael Collins Ajereh Nigerian multi award-winning record producer, singer-songwriter, musician, former CEO of Mo’ Hits Records and current CEO of Mavin Records. He recently was rated as the 39th “Most powerful celebrity in Africa” according to Forbes. Don Jazzy is also a performers which means he gets invited for shows in big events, and as a producer he charges as much as 500 thousand naira to produce a song. Has won so many awards like, 2015 City People Entertainment Award – Special Recognition Award, 2006 Nigerian Music Awards (NMA) – Producer of the Year, 2007 Nigerian Entertainment Awards – Music Producer of the Year, The Headies 2011 – Producer of the Year for the songs “Over The Moon”, “Mr Endowed” and “Pop Something”,The Headies 2014 – Producer of the Year for the song “Dorobucci. He has very lucrative endorsement deals including Loya Milk, MTN and Samsung.

D’BANJ: D’banj has been in the industry since 2004 and has been making great hits since then, he is among Africa’s biggest musicians of all time following his records and achievements. Best African Act at the MTV Europe Music Awards 2007, Artist of the Year at the MTV Africa Music Awards 2009, Best International Act: Africa at the 2011 BET Awards, and Best-selling African Artist at the 2014 World Music Awards, Evolution award at the 2015 MTV Africa Music awards. In September 2015,D’banj was made the brand ambassador of SLOT, a popular mobile phone, and electronic gadget retail outfit, In June 2014 D’Banj Secures Deal With Heritage Bank. In October 2014, D’banj was named the official African ambassador for Beats by Dre. In February 2015, D’banj was named the official African ambassador for Ciroc Nigeria.

2FACE: Innocent Ujah Idibia is a Nigerian singer-songwriter, record producer and entrepreneur, he has received one MTV Europe Music Award, one World Music Award, five Headies Awards (Hip-hop award), four Channel O Music Video Awards and one BET award for his musical work, four MTV Africa Music Awards, one MOBO award, one KORA award, and numerous additional nominations. he has endorsment deals with with telco Airtel, He is also associated with Haven Homes and Hennessy. 2Face is a regular performer at the Star Trek Musical Concert, has six albums to his credit with 10 million CDs sold out over the years. 2Face charges between 3m – 5m per show, 2face makes extra money from Itunes, Spinlet, Youtube and Ring Back Tune(RBT), The 40 year old Musicians owns the Rumor nightclub in Lagos, with 2 outlets, one in Festac and the other in Ikeja GRA making him more money.

Davido: David Adedeji Adeleke is the co-owner of HKN Music (a record label home to Sina Rambo, B. Red and DeeKay) The talented singer has been known for producing hit tracks like ‘Owo Ni KoKo’, ‘Gobe’, and ‘Fans Mi’ with an American rapper, Meek Mills which received massive airplay around Africa. He signed an endorsement deal with MTN Nigeria. On October 23, 2013, Davido partnered with Guinness for the “Guinness World of More” concert. Davido has won a BET Award, a Kora Award, a Channel O Music Video Award, a Ghana Music Award, a Nigeria Music Video Award, two MTV Africa Music Awards, two African Muzik Magazine Awards, five The Headies Awards, seven Nigeria Entertainment Awards and two Dynamix All Youth Awards, among others. Davido is fans favorite, he charges between 2 – 3 million depending on the location and he covers 40 – 50 shows yearly.

Olamide: Olamide Adedeji is a Nigerian hip hop recording artist, he is the first Nigerian to sign an endorsement deal with Cîroc, he also has endorsement deals with Etisalat, Guinness, and Sure Bet 24/7. being a hit-song maker, he makes more through different platforms like Itunes, Spinlet and YouTube also added to his source of income following high views and demands for his songs all raking in millions for him. Olamide charges between 3m – 5m per show and due to his popularity he covers between 50 – 70 shows yearly both local and international gig. 

Wizkid: Ayodeji Ibrahim Balogun is a Nigerian recording artist, songwriter and performer. In February 2014, Wizkid became the first ever Nigerian musician to have over 1 million followers on Twitter. In 2012, Wizkid signed a one-year endorsement deal with Pepsi allegedly worth 350,000 U.S dollars, On 28 May 2013, Premium Times reported that Wizkid signed a one-year deal with MTN Nigeria. Moreover, the news source reported that Wizzy’s Pepsi contract was renewed for another two years.On 23 October 2013, Bellanaija reported that Wizkid signed an endorsement deal with Guinness for the “Guinness World of More” concert. On 18 June 2015, Pulse reported that Wizkid ditched MTN and signed a ₦128 million naira deal with GLO. Wizkid charges 5m – 7m and he covers between 30 – 50 shows yearly both local and international.

Banky W: Olubankole Wellington is a Nigerian R&B artist. He is The CEO of Empire Mates Entertainment (EME) has groomed the likes of WizKid, Skales and Niyola to become superstars in their own right. Banky W now has 3 artiste namely Shaydee, Niyola and DJ Exclusive of which he gets percentage from all his artistes sponsorship deals and show fees as well as shares from all songs produced under Empire Mates Entertainment. The talented R&B singer doubles up as an MC and what he does mostly are events and a little bit of shows he charges average of N3 million per show depending on the location. He sometimes covers more than 30 shows per year. Banky W makes extra money from Monetization of Musical content through different platforms like iTunes, Spinlet, and Ring Back Tunes (RBT) loyalties also added to his source of income.

Timaya: Enetimi Alfred Odon is a Nigerian singer and songwriter. He is the founder of South South hip hop group Dem Mama Soldiers. e is one one the best and probably the most successful music star ever come out of the Niger Delta area. One of his hit track “Sanko” is about to hit 2 million views while his biggest hit “Bum Bum” featuring Sean Paul has already grossed over 16 million on YouTube.

Do you have anything to add to this post? Do let us know through the comment box.

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