Top 10 Richest Musicians in Nigeria 2019 And Their Net Worth (Forbes)

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This article is about the top 10 richest Nigerian musicians in 2019 and their net worths according to Forbes.com . If you are an entertainment lover with a pristine mindset, chances are that you may want to be abreast with as many trending information as possible. Hence, one of the most discoursed topics on the streets aside football is  the music industry. We all like talking about our favourite artists, their trending songs, lifestyles and of course their net worths right? Good.

This article was written in response to the trending argument on the internet about who the richest Nigerian musicians are in 2019. While some says its the defunct P Square group, others says its Davido. Consequently, in seeking to clarify all possible misrepresentation of facts, here is the list of top 10 richest musicians in Nigeria this 2019.

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The music industry is without a doubt the only industry in Nigeria with the highest number of young millionaires. In fact, some persons have at various times argued that the easiest way of becoming a millionaire in Nigeria is to join the music industry. This appears to be true, owing to the kind of opulent and cornucopious lifestyle that the Nigerian musicians live. This opulent lifestyle includes the acquisition of latest exotic cars, intimidating mansions, the prettiest women, amongst other enviable possessions that every human can only wish to acquire too. Hence, without expending more time, lets dive into their net worths that guarantees these lifestyles…

Top 10 Richest Musicians in Nigeria And Their Net Worth

Note that our assessment of the richest Nigerian musicians was based on their net worths, which includes both their financial and non financial assets. Haven established this fact, here is the list in descending order:

10. FLAVOUR

top 10 nigerian musicians

The 10th on our list of Nigerias richest musicians is Flavour Nabania. At the moment, Flavour is worth a bit more than 3 Billion Naira. If you ask me, that is a whole of money coming from an artist. Flavour is the brand ambassador to some of the top companies in Nigeria like MTN Nigeria, Bullet energy drink and Flat tummy tea. Like most musical legends, Flavour, whose real name is Chinedu Okoli started his musical career in the church as a church drama. Although his popularity didnt become manifest until the release of his first major hit “Nwa Baby” in became an instant hit in 2005.

It was also in this same period that he released his all time best selling album “Nabania” which has since become his sobriquet. 5 years after, he released his second album titiled “Uplifted” which also made great waves in those days. It must be stressed here that upon the release of this album Uplifted, flavour became one of the most talked about artist in Africa, with many appearances on shows and concerts across the globe.

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At the moment, it would interest you to know that flavour charges at least 3 million Naira to perform in any show he is invited for. The success of his albums, his endorsement deals, concert fees and his incomes from real estate combined to place him as the 10th richest Nigerian artist in 2019.

9. Olamide

richest nigerian artists

Who doesn’t know of our own Badoo? I guess no one. Olamide is considered one of the biggest boys in the Nigerian music industry. Like all popular musicians, Olamide is the brand ambassador of both Glo and Hennessey. We all know that tons of millions comes into his account yearly on account of this ambassadorial position.

The service of this dynamic rapper doesn’t come cheap as he charges between 5million to 8million naira for a show, which can even become considerably more depending on the person involved. Being a talented rapper, one would only expect him to be on high demand, hence he tours the whole of Europe and America yearly for his shows, and at the moment, his net worth is over 3 Billion naira. 

Olamide is a rapper who feels most comfortable rapping in his Yoruba native language. In 2011, Olamide released his first album titled “Rhapsodi” shortly afterwards, he released his other album titled “YBNL” which instantly became a success. This his album had hits like  the Voice of the streets, Ilefo illuminati as well as Stupid love. Ever since he released his first album in 2011, he has been consistent in droping new albums yearly, making him one of the most hard working artist in the Nigerian music industry.

8. Banky W

top 10 nigerian artists 2019

Mr. Olubankole Willington, who goes by the stage name Banky W is considered one of the most interesting musicians in Nigeria. Being so versatile, he’s a song writer, producer, movie actor, public speaker and a director. Banky W makes tons of millions yearly as the brand ambassador of Samsung electronics and Uber.

Born in the United States in 1981, his family relocated to Nigeria when he was only 5 years old. From that point, he had his primary and secondary educations in Lagos Nigeria, and later had his higher education in the United States through a scholarship. While he was still schooling in America, he established his record label E.M.E in 2002. When he returned to Nigeria, he established the record label again in Lagos, where he signed some popular artists like Wizkid and skales.

For records sake, Banky has got some interesting albums to his credit, including : the undeniable in 2013, Back in the building in 2015, Mr capable in 2008 amongst others. Ask me and i will say that he’s been a hard working artist.

At the moment, his networth is around 3.5Billion Naira

7. Timaya

Enitimi Alfred, who goes by the stage name Timaya, the Egberi Papa one of Bayelsa has been too consistent with hit songs ever since he emerged as a music icon in 2005. The service of Timaya doesnt come cheap as he charges nothing less than 8Million Naira for a show. Just like the artists above, Timaya has got some ambassadorial positions with Henessey and globacom, which brings in millions of naira annually for this music giant.

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Hes popularly known for his taste in real estate as hes got lots of property in choice locations across Nigeria. At the moment, his net worth is extimated to be 4Billion Naira, making him the 7th on our list of richest Nigerian musicians in 2019.

Timaya came to limelight in 2005 upon the release of his single hit “Dem Mama” which became an instant hit and a global success. This was followed by his debut album “True Story“. Since then, Timaya has released lots of musical albums that one would consider huge successes. However, it must be stated here categorically that a collosal part of his wealth doesnt come from his album sales, but his endosement deals and real estate properties and shows. Timaya has really done well as far as i’m concerned, and he is not showing any signs of relenting in his quest to becoming the most sort out artist in Nigeria.

6. Defunct Psquare

Mr Peter and Paul were popularly known by their stage name as Psquare. Honestly, during their days as Psquare, they were actually considered the richest musicians in Nigeria. They used to charge a performance fee of 20million  Naira on average. In other words, its only the well to do members of the society that can afford their performance. It should be stated here that all the album that Psquare released as a group were all huge successes. They were quite good together with lots of awards to their credit, until they felt as though they have had enough. In 2016, the duo decided to part ways, marking the end of Psquare. They rumors that surround their parting ways is actually beyond the scope of this article.

However, since they parted ways, peter okoye now goes by the stage name Mr. P while his twin brother Paul Okoye now goes by the stage name Rude Boy. I dont know why he chosed to be known as rude boy anyways. At the moment, their individual net worth stands at 5.6 Billion naira each. Ask me and i will tell you that its a collosal amount of money the’ve got there.

5. 2Face Idibia

2Face Idibia is one of the biggest boys in the Nigerian music industry. He also doubles as one of the richest in the country, with an estimated networth of 5.9 Billion Naira in 2019. Thats huge!!! 2Face is also the grand ambassador of Glo and Campari, making him tons of millions annually.

The African queen artist has got lots of music awards to his credit. Some of these awards includes: the MTV Music Award, One Bet Award,MTV African music awards(4x) and a lot of other awards. Ask me and i will tell you that he is the definition of a success along music lines.

2Face actually started his music career professionally with the plantation boys group that he formed with Black face and Faze Alone. Under this label, they produced 2 albums that did great in the market. They albums are the Body and soul, in 2000, and Soled out in 2003. However, shortly after wards, the group went their separate ways. In 2004, 2Face released his debut album titled Face To Face. It was the success of this album that established the identity of 2Face as a force in the Nigerian music industry. Ever since then, hes been seeing nothing other than success all through, Hence, making him the 5th on our list of richest Nigerian musicians in 2019.

4. D’Banj

nigerian musicians

One of the most prominent Nigerian artist of all time is Mr  Oladapo Daniel Oyebanjo, who is popularly known by the stage name D’banj. Like most of his predecessors, D’banj used to be a student of Mechanical Engineering from Lagos state university. But he had to drop out due to the Nigerian Factor of unnecessary strikes. Upon arrival into the Uk, he came in contact with a potential musical legend, in the person of Don Jazzy. Their collaboration led to the production and release of the single “Tongolo” which became an instant hit in 2004. This happens to be the genesis of Dbanjis coming to limelight.

His first major endorsement was with power fist energy drink. He’s also the African ambassador of Ciroc Nigeria, brand ambassador of Heritage Bank, SLOT retail outlets and other juicy endorsements that brings in multiples of millions annually for this music giant. As a multy award winning artist, the cost of bringing him to perform is actually on the high side, as he is said to charge between 7 to 10Million Niara for a show.

The huge successes of his single tracks, albums and endorsements make him appear on our list of the richest Nigerian artists, with an estimated net worth of 6 Billion Naira.

3. Don Jazzy

Don Jazzy whose real name is Ajereh Collins  is considered by many as the kingpin of the Nigerian music industry. Being highly successful, he has, through his Mavins record seen to the success of many other Nigerian artists like Dbanj, Wanda cole, Karedo Bello, Tiwa Savage, to mension but a few.

This music producer and singer is said to have a net worth of 7.5 Billion Naira. A collosal part of this money comes from his mavins record, not from the sales of his personal songs. His jouney into the music industry started off in the UK when his uncle invited him over to assist the local church in playing drums for church service.

While he was busy playing drums for the local church, his love for music propelled him to search for other like minded individuals. This was when he came in contact with people like Solek, Dbanj 419 Squad amongst others.

The particular association that brought him to limelight came from Dbanj. From this point, he has produced some hit singles that established his identity not only as a music producer, but also as a singer. Don Jazzy has also provided background vocals for people like Kanye West, Jay-Z, Beyonce etc.

2. WizKid

top 10 richest nigerian musicians

Mr Ayodeji Ibrahim Balogun, who is popularly known by the stage name as Wizkid (Start Boy) is one of the youngest billionnaire artists in Nigeria with an estimated net worth of 8 Billion Naira. 

Wizkid had to his credit both local and international awards, that are too numerous to mension. His success has earned him a normination in grammy award, Billboard top 100 chat, a lot of international collaborations, foreign and local endorsements amongst others. Wizkid has come to represent global success, with most of his hit singles and albums toping the list both globally and locally.

With all these success, it should be noted that getting the star boy to perform for a show doesnt come cheap, as he charges between 10 to 15 Million Naira for a show. Hes released some hot singles like “On your matter”, “Show you the money”, “Bombay” etc.

In 2014, Star boy broke all records to become the first Nigerian artist in history to ever reach the height of 1million followers on tweeter. This goes a long way to show his level of popularity and acceptance by his fans. Wizkid has done really well in the music industry, and at the moment, he is not showing any signs of stopping anytime soon. Hes also in fund of buying luxurious cars, clothes, houses and other expensive gadgets, which are fitting for a person in his class.

1- Davido

richest nigerian artists

The number one on our list is our own Davide Adeleke, with the stage name Davido. He is the richest Nigerian artist in this 2019, with an estimated net worth of 9 Billion Naira.

Davido, who had given himself the title Omo Baba Olowo is such an intereting guy, who has secured for himself many interesting and juicy deals across national boundaries. Davido has gained for himself many local and international awards from virtually all categories withing the boundaries of Africa.

At the moment, he’s the brand ambassador of Unfinix mobile technology and AXE perfumes, with each of these, bringing in tons of millions yearly.

Davidos 2 singles IF and FALL have both crossed over 60 million views on Youtube, revealing how the fans welcomed them as major hits. At the moment, he owns his own music label which goes by the name Davido Music Worldwide (DMW).

Note that all the facts that we have presented on this article is a product of our personal research from available statistics on the internet. It’s our view that you found this article interesting, if yes, you can share it with your friends on the social media. Still got some questions to ask? Use the comment section below, and be rest assured that we will get back to you as soon as we can. Thanks for reading through.