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Top 10 Richest Musicians in Nigeria (2019 Update)

By April 23, 2019 No Comments

1)DAVIDO – $25 Million

Davido-Gbaradi
David Adeleke popularly known as Davido aka Omo Baba Olowo (Yoruba: Son of a Rich Man) is currently one of the top Nigerian Musicians. David took the Nigerian music industry by storm with his debut studio album (Damiduro) after which he has been releasing hits upon hits. Davido recently signed a contract with Sony records.
Davido has won notable awards like BET Awards, KORA, MAMA, Channel O Music Awards and the Headies Award. He is currently the most followed Nigerian musician on Instagram in 2019. He recently just bagged a huge endorsement deal with Infinix. He has many diamond chains and watches in his jewelry collections bought from internationally acclaimed jewelry store “ICEBOX” each of the diamond chains/watches is reported to cost at least $100,000. Another major revenue booster for Davido was the 02 academy show he did early this year which he sold out the 20,000 arena reportedly making close to 500 million naira. He is also the owner and founder of Davido Music Worldwide(DMW) home to artists like Mayorkun, Dremo, Yonda, Peruzzi and producer Fresh who act also has a major revenue booster for Davido through the money from shows and internet streaming from their music put out on platforms like Apple music and Spotify

 

2) Wizkid – $22 million net worth

Wizkid-Gbaradi
Ayodeji Ibrahim Balogun popularly known as Wizkid (aka Starboy), is a singer and songwriter. The music maestro stormed the Nigerian Music industry with his first single Holla at Your Boy. After the monumental success of that album, the artist has not looked back as he continues to release hits upon hits. Without a doubt, he is one of the most recognized Nigerian musicians internationally. The artist recently signed a multi-album worldwide deal with RCA Records/Sony Music International. Wizkid has swept practically all notable Awards a Nigerian recording Artist can think of and he was nominated for the 2017 Grammy Awards. He signed a deal with Cîroc late last year and also reportedly has an endorsement deal with UBA bank. Wizkid also signed a major deal with Nike for the production/distribution of his clothing merchandise which reportedly sold out worldwide in less than 24 hours. Another major revenue booster for Wizkid was the 02 academy show he did early 2018 which he sold out the 20,000 arena reportedly making close to 400 million naira.

 

3) Don Jazzy- $20.8 Million

Don Jazzy-Gbaradi
Michael Collins Ajereh, popularly known as Don Jazzy, the CEO of Mavin Record is one of the richest musicians in Nigeria. The record producer, singer, songwriter, and entrepreneur is arguably one of the best music producers in Nigeria at the moment. He was the co-founder of Mohit records before going separate ways with his partner D’banj to start his own music record label popularly known as Mavin Records with big money artists like Tiwa Savage, KoredeBello, DNA twins, Ladipoe, Di’ja, D’Prince, Dr. SIDand the recently signed youngster Rema generating a whole lot of money. Don Jazzys owned label Mavins recently attracted a multimillion-dollar investment from Kupanda Holdings

 

4) D’BANJ-$16.6 Million

D'banj-Gbaradi
Oladapo Daniel Oyebanjo, popularly known as D’banj aka Bangalee or Kokomaster, is a singer-songwriter, musician, entrepreneur and TV host. D’banj is one of the most respected Nigerian Musician both at home and abroad. The vibrant entertainer co-foundedMohits records with ace Producer Don jazzy before they went separate ways. Dbanj has won several music awards, including the awards for Best African Act at the MTV Europe Music Awards 2007, MAMA, BET Awards, World Music Awards, and Evolution award. His record label Dcreamrecords is reportedly valued at $100 million

 

5)2 FACE-$16.3 Million

2 Face-Gbaradi
Innocent UjahIdibia, popularly known as 2face Idibia or 2Baba, is one of the brightest musicians that have ever graced the Nigerian music industry. The multi-talented singer-songwriter, record producer and entrepreneur one of the most decorated and successful Afro-pop artists in Africa. 2Baba’s style of music has helped him gain recognition among his African counterpart, the artist has several awards to his name and he’s also one of the most bankable artists in Africa.2baba has a record label called Hypertek Entertainment. This record label is estimated to be worth millions of Naira. Mr. Innocent also owns a very functional and lively Nightclub called Club Rumour. He is also a brand ambassador for Coca Cola in Nigeria.

6) Peter Okoye (Mr. P) – $16.1 Million

Mr P-Gbaradi
Peter Okoye one half of the P-square duo, he was born on the 18th of November, 1981 in the city of Jos he started his career alongside his twin brother in the year 2003 they both signed a record deal with Akon’s Konvict Music in the year 2011. In May 2012, they signed a record distribution deal with Universal Music’s South African branch. The duo split in 2016 and split their fortune as they were both involved in joint ventures over the years some of the fortunes they had together includes a Mansion in Omole reportedly sold for over 300 million naira and other properties in the USA just to mention a few. Peter Okoye now goes by the stage name Mr.P. He is reported to have a house in Banana Island which is worth upward of a billion naira and other priced assets under his name.

 

7. Paul Okoye (Rude Boy)-$15.6 Million

Rudeboy-Gbaradi
Paul Okoye one half of the P-square duo, he was born on the 18th of November, 1981 in the city of Jos he started his career alongside his twin brother in the year 2003 they both signed a record deal with Akon’s Konvict Music in the year 2011. In May 2012, they signed a record distribution deal with Universal Music’s South African branch. After the split between P-square, Paul Okoye now goes by the stage name Rude Boy. He is reported to have a house in Banana Island which is worth upward of a billion naira and other priced assets under his name.

 

8.) Timaya- $13 Million

Timaya-Gbaradi
Enitimi Alfred Odom (born 15 August 1980), better known by his stage name Timaya, is a Nigerian singer and songwriter. He is the founder of South-South hip hop group Dem Mama Soldiers. His solo career began in 2005 with the release of “Dem Mama”, which also appeared on his debut album, True Story released the following year. His second album Gift and Grace was released in 2008. He has won notable awards like the Headies awards for Best Reggae/Dancehall Album in the year 2008, Nigerian Music Awards and Nigerian Entertainment Awards. He has had major endorsement deals with Hennessey, GLO, and MTN. He has various fleets of very expensive cars he acquired such as Maybach and G-wagon, Bentley Continental GT, Mercedes Benz, Lexus SUV just to mention a few. He also owns a massive new mansion worth close to 500 Million Naira.

 

9.) BANKY W- $9.7 Million

Banky W-Gbaradi
Oluwabankole Wellington, popularly known as Banky W or Mr. Capable is one of the few Nigerian musicians that have starred in Nollywood movies. Banky Wellington is the CEO of EME Music, the record label that introduced the likes of Wizkid and Skales into the Nigeria Music Industry. The Nigerian singer, rapper and actor is currently making waves in the entertainment industry after proposing to Adesuwa Etomi the beautiful Nigerian actress. Banky W has had various endorsement deals with Cîroc, MTN, Etisalat, Samsung, Coca-Cola and just recently Uber. Besides being a musician, Bank W is also a diversified entrepreneur who is into advertising, events production, marketing consulting, promotions, fashion, and real estate, he is also an actor who has featured in major movies like The wedding party and Due north just to mention a few. Banky W recently ran for a political position (House of Representatives) in the 2019 Nigerian election.

 

10) Olamide-$8.9 Million

Olamide-Gbaradi
Olamide Adedeji (born 15 March 1989), known by his stage name Olamide but popularly called Olamide Baddo or BaddoSneh, is a Nigerian hip hop recording artist.[1] He records mostly in Yoruba, his native tongue. In 2011, he released his debut studio album Rapsodi while signed to Coded Tunes. YBNL, his follow-up album, was released under his label imprint YBNL Nation. The album was supported by the singles “First of All”, “Voice of the Street”, “Stupid Love”, and “Ilefo Illuminati”. On 7 November 2013, he released his third studio album Baddest Guy Ever Liveth. Olamide has been nominated and won several music awards, including multiple Nigeria Entertainment Awards and The Headies Awards. He has also the owner and the CEO of Yahoo Boy No Laptop (YBNL) record label that introduced the likes of Lil kesh and Viktoh into the Nigeria Music Industry they also were a major revenue booster for him. He has had major endorsement deals with Guinness, Cîroc, and Etisalat.

 

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