So, you want to know the top 10 richest musicians in
Nigeria? Read on.
Let’s face it, there’s no way to accurately determine
the financial worth of any individual unless he or she
discloses it. This explains why you won’t get an
accurate account of how much Nigerian musicians are
worth.
Though you’ll find various lists all over the internet
that rank Nigerian musicians in terms of their riches,
get it clearly that these lists are products of
estimations based on various factors such as
popularity, endorsement value, show rates, sales,
awards, investment, influence, social media presence,
YouTube views, and so on. And this explains why
there’s no agreement between them.
Here, however, we will try to strike a balance. After
having looked at a number of posts listing the richest
musicians in Nigeria, we came up with the list below,
which highlights the top 10 richest musicians in
Nigeria—in no particular order:
P-Square
Comprising twin brothers, Peter and Paul Okoye, P-
Square is believed by many to be the richest Nigerian
musicians (there’s no strong evidence to support this,
though). The duo charge between 8-15 million Naira
per show, and they’re signed up as ambassadors for
strong Nigerian brands such as Globacom.
P-Square signed recording deals with Akon’s Konvict
Music in December 2011 and Universal Music in May
2012. The Square Villa in Ikeja, owned by P-Square is
said to be worth $3 million (around N500 million).
D’ Banj
Dapo Daniel Oyebanji (D’Banj) was born on June 9,
1980. He started his music career with Mo’ Hits
Records, the label under which he shot to fame in
2005, when he released his first album, No Long
Thing. He broke up with his producer, Don Jazzy in
2012 in a development which saw the end of Mo’ Hits
Records.
D’Banj charges between 6-8 million Naira per show,
and is currently signed up with Globacom and other
Nigerians brands in deals worth several millions of
Naira.
TuFace Idibia
Innocent Ujah Idibia (popularly known as TuFace
Idibia) is one of Nigeria’s most popular hip-hop
sensations and is regarded by many as one of
Nigeria’s best instrumentalists ever. It is reported that
TuFace earns between 5-7 million Naira per show.
The father of seven seems to be finding his way into
property business as he keeps acquiring assets, which
run into millions of Naira from different parts of
Lagos.
TuFace Idibia has recorded 10 million CD sales and at
least seven million digital sales. He is associated with
Guinness, Haven Homes, Airtel Worldwide and is a
philanthropist.
Don Jazzy
Michael Collins Ajereh (Don Jazzy) was on November
26, 1982. He is a multi award-winning record producer,
singer-songwriter, musician, and former chief
executive officer of Nigerian record label Mo’ Hits
Records, founded in 2004 and current CEO of the
Mavin Records label, which he founded in May 2012
after his broke up with childhood friend and Mo’Hits
partner, D’banj.
Don Jazzy is more of a music producer, and he’s
earning his multi-millions from doing just that.
Wizkid
One of the hottest musicians in Nigeria right now,
Ayodeji Ibrahim Balogun (Wizkid) is controlling
millions at a very young age (he was born on July 16,
1990). After rising to prominence in 2009 with his
song “Holla at Your Boy,” Wizkid has grown in leaps
and bounds with many hit songs and awards to his
credit.
Wizkid, is the CEO of Starboy, an affiliation with
Disturbing London, and has engaged in several
international collaborations. He is the highest paid
Pepsi ambassador in Africa and an ambassador of
MTN. He earns between 4-6 million Naira per show.
Other artistes believed to be among the top 10 richest
musicians in Nigeria include:
Davido
Banky-W
Ice Prince
Flavour
K1 De Ultimate
Caveat!
This list is based on rough estimations made from the
factors earlier mentioned and should not be used or
quoted as an authoritative source. As stated earlier,
only the musicians themselves know how much
they’re really worth.