The Net Worths Of Richest Artists in Nigeria presently – In Nigeria today, so many people are going into music because of how lucrative they have discovered it is, which brought about the popular joke about how the number of musicians is now becoming more than fans (non-musicians) in the country.
But then, people love entertainment. And in a society like ours where folks are regularly seeking for ways to earn money, it is not surprising seeing many approaching musics, since they have seen some youngsters like them whose fortunes have been changed via their talent in music.
However, some artists are more successful than others and are richer than others. In this article, we will explore the top 10 richest hip hop artists in Nigeria. Here are they:
Top 10 Richest Artists In Nigeria 2020
David Adeleke is currently regarded as the richest artist in the country based on his net worth. The self-acclaimed Omo Baba Olowo is said to be worth around N9 billion.
He broke into the scene in 2011 with his hit song “Dami Duro”. The song attracted lots of people to him, and he consolidated on it by releasing more hit songs that increased his fan base.
He makes a lot of money from his music, and here charges hefty appearance fees to perform at events. Additionally, he has endorsement deals with big firms that paid him hugely to work with them. He has worked with the likes of AXE, Infinix and MTN Nigeria (who were said to have paid him up to N30 million to agree on a deal with him).
His real name is Ayodeji Ibrahim Balogun, but he is popularly known as Wizkid. He has evolved into one of the biggest musicians in the country, and he has fans and supporters beyond Nigeria.
Ayo is obviously a talented musician, and his music has made him a very popular and rich guy. He has achieved various things which many other Nigerian musicians are still hoping for. His music has been placed on Billboard Hot 100 Music Chart, he has been nominated for a Grammy Award, etc.
With his popularity and all, he is said to charge 12 million to perform at events within the country. Considering how he splashes money on expensive things, he obviously has a lot of money currently.
Apart from what he is earning from his music, he is also paid a lot of money as an endorsement of various top firms. He has worked with the likes of Pepsi (where he is said to have been paid about 350,000 U.S dollars), MTN Nigeria, Guinness and Glo (the Telecom firm reportedly paid him up to ₦128 million).
With a net worth pegged at about N8 billion, he is the second man on the list of richest artists in Nigeria currently.
3. Don Jazzy
His real name is Michael Ajereh Collins, and he is famously called Don Jazzy. He is well-known in the industry and he is the third man on our list of richest artists in Nigeria.
He started as a quiet man known to always work behind the scenes before moving into his current stage. He sings and indulges himself in various things. Currently, he is the CEO of Mavin Records, and he works with various top music stars in the industry.
Apart from his earnings from the Music Industry, he also has nice endorsement deals with big companies like Loya Milk.
His net worth is around N7.5 billion, making him the third richest musician on the list.
On the fourth spot is D’banj, who has become one of the legends in the music Industry. Before Nigerians began seeing some of the new set in the industry today, Banji has been entertaining those that love his genre of music.
He has made a lot of music that were popular in the entertainment industry, and he is still a popular figure that charges a lot of money (some said between N5 to 7 million) to perform at shows.
Apart from what he earns from the Music Industry, he also makes a lot of money from his endorsement deals with various brands – the likes of Power Fist, Globacom, Heritage Bank and SLOT. Therefore, he is believed to be worth up to N6 billion, making him the fourth man on the list.
5. 2Baba (2Face Idibia)
The music star has been around for some time now and has become one of the legends in the country’s music industry. Apart from having tons of fans, he is also one of the richest musicians in Nigeria. It is being said that he is worth about N5.9 billion.
Apart from what he earns from music, he also has endorsements with big firms such as Glo, and he earns a lot of money from his deal with them.
6. Peter and Paul Okoye
Although the Psquare group is now a defunct one, and the twin brothers are now separated and have gone on to create their individual brands, they are grouped together here since their l estimated net worth points to close directions.
When the group was standing, they charge a lot of money to participate in events, and right now, each of them is said to be worth an estimated N5.6 billion each.
The Bayelsa musician is not only one of the most popular musicians in Nigeria, but he is also one of the richest. He is being paid hugely as performance fee when invited for events, and he not only earns from his exploits in music, but also from his endorsements with big firms such as Globacom.
He is said to be worth 4 billion Naira, and he owns a big house in a place like Lekki.
He started years ago, and his “Dem Mama” really shot him into the limelight. He is one of the musicians in Nigeria who earned a lot for their appearance, but he also has other things that brings him money. For instance, some years back he was made Peace Ambassador by the Inter-religious and International Federation for World Peace.
8. Banky W
The third man on the list is Olubankole Wellington famously known as Banky W. Born in 1981 in the United States of America, he had his primary and secondary school education here in the night before traveling back to America for his tertiary education.
He launched his record label E.M.E in 2002 and signed the likes of Niyola and Shaydee a few years later. He has made a lot of money from his songs, and he keeps pushing himself to various ventures. For instance, he is also an actor (he made his debut as an actor in 2016) and he was able to explore other talents of his.
Additionally, he serves as an ambassador for brands like Samsung and Uber, and he is being paid hugely for this too. His estimated net worth is around N3.5 billion, making him the eight guy on the list.
Olamide broke into the scene as a rapper who patronizes the Yoruba language dearly, and since then, he is still one of the most popular Nigerian artists in the entertainment industry.
After releasing his first album in 2011, he has released an album each year till this moment, and he has a lot of hit songs to his belt. Therefore, he earns a lot of money from his music, and he is said to charge between N5 and N8 million as his performance fees.
Apart from what he earns from singing, he also makes a lot of money representing brands like Glo as an ambassador. Therefore, he is said to be worth over 3 billion Naira, and he is placed on the ninth spot of the list of richest musicians in Nigeria.
This man is the tenth guy on our list of richest hip hop artists in Nigeria and he is widely known by music lovers. Although he is based in Nigeria, his fan base exceeds Nigeria, as he is a popular figure in several countries.
His real name is Chinedu Okoli and he is from the South Eastern part of the country. It was made known that he started as a drummer at his local church before leaving to indulge himself in the entertainment industry. With a lot of popularity and all, he charges a lot of money to sing in events.
Apart from the money he earns by doing music, he also earns via endorsement deals with brands like Flat tummy tea and MTN. And it is not surprising that his net worth is pegged around N3 billion.
Here we go. The question is, do you think someone else will take over Davido very soon?
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