We all know that money matters are usually confidential, therefore, these musicians are unlikely to publicly declare what they earn for us to easily deduce who is richer than who. However, There’s no doubt that the Nigerian music industry is highly lucrative and it is no news that the popular music artistes go home with gigantic pay-checks annually from striking several endorsement deals with top brands and companies all over the globe. One of Nigeria’s biggest export to the world in the last decade has been music. Putting the oil & gas sector aside, the entertainment business is arguably the most viable sector of our economy.
Who is the richest musician in Nigeria 2019?
Honestly, it may be tasking to an extent to really come up with who the richest musician in Nigeria is as it needs a collection of some facts and figures which may not be within reach. But, there are several other methods fans use in measuring the success of the top celebrities in Nigeria; the amount of social media followers they command is one of them. Anyway, thanks to Forbes, that made a clear analysis of earnings per show, sales rate, social media presence, endorsement values and general influence of the popular African musicians, and made us know who is the most richest musician in Nigeria.
Top Ten Richest Musicians In Nigeria 2019
We know most fans of these celebrities would so much love to see their favorite musician make the list of forbes richest musician in Nigeria but note that apart from their songs, these popular artistes not only make money from their hit tracks alone but also from their shows, endorsement deals and investments. Therefore the aforementioned sources act as a yardstick in knowing who is the richest musician in Nigeria today.
On our list of top 10 richest musician in Nigeria is Chinedu Okoli professionally known as Flavour N’abania. He was born on 23rd November 1983. Flavour became popular when he released the hit song, ‘Nwa Baby (Ashawo Remix)’ in 2005. During this period, he released his first album titled, ‘N’abania’. He has many investments in the south eastern part of Nigeria.
Flavour who is known as a fantastic live performing artist makes a lot of money performing live. This Afro High-life Star has everything going for him – Physical appearance, pure vocal talent, and mastery of the music instruments. He has endorsement deals with Bullet Energy Drink, Hero brewage etc.
9. Banky W.
Banky W. whose stage name is Olubankole Wellington has diversified even outside the music scene and is financially rewarded for it as he’s also into acting, film production, event host, and speech making. The singer launched his record label E.M.E in 2002 while studying in America and established the label in Lagos after moving to Nigeria in 2009.
He has produced five albums and appeared on one compilation album. Aside that, you might know him from his roles in the movie “The Wedding Party” and its sequel, “The Wedding Party 2”. He has endorsement deals worth millions for companies like Uber and Samsung. Banky W is happily married to Adesua Etomi. He signed artistes like Niyola, Shaydee, Skales and Wizkid to his record label.
This popular celebrity’s real name is Enitimi Alfred Odom, and he was born in Port Harcourt, Rivers State, on August 15th, 1980.
Timaya rose to prominence when he released the hit single “Dem Mama.” in 2005. Subsequently he released his debut album, True Story which was released in 2006. It was followed by the next album “Gift and Grace” in 2008. Thereafter he released his third studio album titled ‘De Rebirth”. One of his hit track “Sanko” has surpassed 5million views. While his biggest hit “Bum Bum” featuring Sean Paul has over 16 million views on YouTube. Presently, Timaya has a total of six albums and a lot of singles. He is often called the dancehall king of Nigeria because he is the most popular artist in this genre.
Popularly called Baddo, Olamide is another popular musician that makes our list of richest musicians in Nigeria.
He signed endorsement deals with ciroc, Glo and Sterling bank 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 has won numerous awards which include headies awards, MTV Base awards and so on.
6. Paul Okoye
The singer Paul Okoye was born on November 18th, 1981 in Jos, Plateau State.
He and his twin brother Peter Okoye created the once extremely popular band “P-Square”, which was the most famous duo in Nigerian music until they parted ways in 2017. He goes by the stage name Rudeboy.
5. Peter Okoye
Here is another half of the former popular duo, P-Square aka Mr. P. Nonetheless, Peter had endorsements deals with Kia Motors, Olympic Milk etc. long before the split, as well as many others.
Although everyone’s favorite musical duo, P-Square, are no longer together, they are both doing very fine on their own. Peter still performs personal shows in different countries.
D’Banj has proved that what you need to become successful is in you. He was born on the 9th of June, 1980, in the city of Zaria, Kaduna State. In the early 2000s, D’Banj released several hit songs while he was still recording with Mo’Hits. Noteworthy, his biggest song ever is (Oliver Twist) the last song produced by Don Jazzy.
He won a lot of African, European and American awards for his Afropop and R&B compositions, carefully mixed with pop motives. He has also signed top endorsement deals which have fetched him money in recent years.
David Adeleke popularly called Davido is the richest musician in Nigeria based on his assets and also the Son of a politician and businessman.
Over the past one year, it’s almost like every time Davido visits the studio to record any song it turns out to be a hit song; which explains why he has experienced so much success.
His two songs “Aye” and “Gobe” are currently having 15 million and 11 million respectively on YouTube. The singer is that the leader of the famed 30 Billion Gang which is coined from his hit song “If”. He has had more hit songs within the past year too.
2. Don Jazzy.
Michael Ajereh Collins or Don Jazzy as he’s more popularly called has a spot on this list. He founded the record label called Mavin Records. Eventually, he managed to sign some of the top Nigerian music stars on his label – Korede Bello, Di’Ja, Dr. SID, Tiwa Savage and many others. Don Jazzy calls his artists “Mavins”. Don Jazzy is a builder, a producer and industry pacesetter.
The producer also performed background vocals for the likes of Dr SID, Ikechukwu, Kween, D’Prince and Jay-Z and provided vocal performance for Kanye West’s song “Lift Off” with Beyoncé on the Watch The Throne album. Asides singing and producing, he also has profitable endorsement deals with such companies as MTN and Loya Milk.
Ayodeji Ibrahim Balogun popularly called known as Wizkid is one of the biggest musicians in Africa.
Wizkid has been the biggest music export out of Nigeria consistently collaborating with World-famous music stars such as Drake, Chris Brown, Future and more.
Wizkid’s unique musical talent was first discovered by Banky W., who was responsible for overseeing the release of his first album, Superstar, and several other successful tracks. Wizkid was transformed into an international star by just one music video – Holla at ur Boy! Wizkid has a lot of lucrative endorsement deals, with top brands all over the world, notably, Glo and Pepsi. And now owns a record Label named Star Boy Records.
That’s all we have on forbes richest musician in Nigeria in 2019.