If you’re looking for the richest Nigerian musicians, you are in the right place. The music industry in Nigeria has grown exponentially over the last couple of years. More and more people are getting into music because of the allure of money and fame. While there are thousands of musicians making money from music, there are a selected few who take home a big chunk of the pie. They are well deserving of the money they make because of the time and dedication they’ve put into the art. Here are the richest Nigerian musicians for 2019.
10.Flavour -Net Worth N3 Billion
Flavour N’abania has been one of the most consistent Nigerian artists in the last decade. This has paid off given the fact that he is worth N3B billion and features at number 10 on our list. Flavour is currently the brand ambassador of flat tummy tea, MTN among other brands.
His interest in music just like most for musicians started in the church in Enugu state. His hit song “Ashawo” propelled him to fame in 2005 and has been a constant figure in Nigerian entertainment scene ever since. It was only on his second album that he got recognition across the African continent. Word on the street is that Flavour charges N3 million for a show.
- Olamide – Net Worth N5 Billion
Popular known as Baddo, Olamide is another Nigerian musician who has been banking hard because of music. He became the first Nigerian artist to sign an endorsement deal with Ciroc in 2013. He is currently the brand ambassador for Glo and Hennessey. His net worth is estimated to be in the region of N5 billion and charges up to N8 million for a show. He has a yearly tour abroad.
The majority of Olamide’s music is recorded in Yoruba, which is his native language. Olamide has been releasing an album every year since 2012 with the first one being titled “Rapsodi”
- Banky W – Net Worth N6 Billion
Banky W whose real name is Wellington Olubankole is a successful musician and actor who has been in the entertainment industry for more than a decade. The majority of his wealth comes from brand endorsements as he is currently affiliated to international brands like Samsung and Uber. He is estimated to be worth N6 billion.
Born in the States in 1981, Banky W has been interested in the arts since he was a kid. Just like Flavour, he started singing in the church. He began singing professionally in 2002 after moving to Nigeria from the U.S. where he had gone to pursue a bachelor’s degree. Banky W has released 6 studio albums since then and is known to be among the first people that signed singer Wizkid.
- Timaya –Net Worth N7 Billion
Timaya whose real name is Enitimi Alfred Odom is not only one of the most popular acts from Nigeria but is also one of the richest. He is currently endorsed with brands like Hennessey and Globacom. Timaya is estimated to be worth N7B.
Timaya first came to the limelight when he released his first single “Dem Mama” in 2005 which seems like an eternity ago.
- P Square- Net Worth N16 Billion
The list wouldn’t have been complete without the Okoye twins. Although they had a bitter fall out, the two brothers have managed to make a fortune because of music. Even though they no longer work together, the managed to create a formidable brand that entertained Nigerians for more than 10 years. During that time, the twins managed to get into multi-million naira deals. It was estimated that P Square could charge up to $150,000 per show when they were at their prime.
- 2 Baba– Net Worth N15 Billion
2Baba or 2Face Idibia is one of the pioneers of the new age music in Nigeria. He is the epitome of hard work as he started from the bottom of the pile. He used to perform in churches and schools and had to stop with his education to pursue a career in music. Since 2004, 2 Baba has managed to release 6 albums. He has won everything there is to win and is one of the most decorated African musicians. 2Face Idibia is currently valued at N15 Billion. He owns 2 mansions and is one of the few Africans that drive a Ferrari,
- D’Banj – Net Worth N16 Billion
D’Banj is one of the most popular Nigerian musicians who is known globally. He is known for his rhythm and versatility when it comes to music. He has received both national and international accolades and has been one of the highest paid Nigerian musicians in the last decade or so. Despite not being active in music as he used to, D’Banj is still adored by fans from Nigeria and Africa.
- Don Jazzy – Net Worth N17 Billion
Don Jazzy is known to have a good idea for spotting talent and has made a fortune through his music label. His co-founded Mo’ Hit Records together with D’Banj but then feel out due to personal problems. He later went on to form Mavin Records which has collaborated with some of the biggest stars in the Nigerian music space. He has currently signed Rema who is one of the fast-rising musical talents in Nigeria. Don Jazzy is estimated to be worth N17 Billion.
- Wizkid – Net WorthN20 Billion
Wizkid needs no introduction as he is one of the greatest musical exports from Africa. He started singing at age 11 and even formed a group at a tender age to advance his musical aspirations. He used to go by the name Lil Prinz before he turned to Starboy.
His rise to fame was heralded by his song “Holla at your boy” in his debut album “Superstar” in 2010. He went ahead to release 3 mega-successful albums after that. He has worked with international artists like Drake and Vibes Cartel. Wizkid is estimated to be worth N 20 Billion which makes him one of the richest musicians in not only Nigeria but Africa.
- Davido – Net Worth N20 Billion
Davido will still be rich even if it wasn’t for music. He has a tycoon for a father and has never had to struggle in his life. Despite being born with a silver spoon in the mouth, Davido is one of the most successful musicians in Africa and has been churning hit after hit for the last decade or so. Davido was born in 1992 in Atlanta to Nigerian parents. He estimated to be worth N20 Billion and is among the few Africans that own a private jet. So there we go, the Top 10 Richest Nigerian Musicians For 2019.