Entertainment Gist

FULL LIST: 10 Richest Musicians In Nigeria

FULL LIST: 10 Richest Musicians In Nigeria

In life there must be a winner in every race, now here are 10 Richest Musicians In Nigeria

Today, there are many wealthy Nigerian celebrities; some of them are well known while others have continued to shun the public eye. This write-up shines the spotlight on ten of them.

Davido (Net Worth: $10 million)

David Adedeji Adeleke, better known by his stage name Davido, is a Nigerian-American singer, songwriter, and record producer who was born on November 21, 1992.

He is one of Africa’s most influential performers. Davido’s main source of income is from music, with endorsement deals including the MTN endorsement agreement worth $78,296 (N30 million), Guinness Nigeria, and Infinix mobile.

10 Richest Musicians In Nigeria

He launched his own record label, Davido Music Worldwide (DMW), in 2016, where he signed Dremo, Dammy Krane, and Mayorkun.

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Wizkid (Net Worth: $4 million)

Ayodeji Ibrahim Balogun popularly known as WizKid, Wizzy, or Starboy is a Nigerian musician and songwriter.

Wizkid is the most decorated Nigerian musician of all time (and the most decorated African artist in the world), as well as one of the most groundbreaking Afro-pop artists of the modern period.

10 Richest Musicians In Nigeria

He began recording music when he was 11 years old and went on to create a joint album with the Glorious Five, a group he founded with a few of his church buddies.

Empire Mates Entertainment (E.M.E) signed Wizkid to a record deal in 2009. Wizkid inked a one-year endorsement agreement with Pepsi in 2012, reportedly worth $350,000 in the United States.

He and Tiwa Savage flew to Beirut, Lebanon, for a Pepsi commercial shoot. Premium Times announced on May 28, 2013, that Wizkid had inked a one-year deal with MTN Nigeria.

Wizkid’s Pepsi deal was also renewed for two more years, according to the newspaper. Wizkid secured an endorsement deal with Guinness in November 2013 for the Guinness World of More concert on Victoria Island, Lagos, which was held at the Eko Convention Centre of the Eko Hotel & Suites.

10 Richest Musicians In Nigeria

Wizkid had quit MTN and secured a $128 million deal with GLO in June 2015, according to Pulse Nigeria.

10 Richest Musicians In Nigeria

10 Richest Musicians
10 Richest Musicians In Nigeria

DON JAZZY (Net Worth: $10 million)

Michael Collins Ajereh popularly known as Don Jazzy is a Nigerian record producer, audio engineer, record executive, singer, songwriter, entrepreneur, and philanthropist.

He founded Mavin Records and he is the CEO. Don Jazzy and Dbanj were co-owners of the defunct Mo’ Hits Records record Company. Don Jazzy did not claim to be a vocalist, but he would provide backing vocals for musicians he produced.

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D’Banj, Sauce Kid, Dr. SID, Ikechukwu, Kween, D’Prince, and Jay-Z all have vocals in these performances. On Kanye West’s Watch The Throne album, Don Jazzy delivered vocals for the song Lift Off with Beyoncé.

Kanye West hired Don Jazzy as a producer at Very Good Beatz in 2011. Lift Off, starring Beyoncé, was produced by Don Jazzy in collaboration with Jay-Z and Kanye West for the album Watch The Throne, which was released on August 8, 2011.

Burna Boy (Net Worth: $17 million)

Burna Boy, whose real name is Damini Ebunoluwa Ogulu, is a Nigerian singer, composer, rapper, and dancer. He is one of Africa’s most well-known and successful musicians.

After the release of “Like to Party,” the lead single from his debut studio album L.I.F.E. He rocketed to stardom in 2012. (2013).

Burna Boy secured deals with Bad Habit/Atlantic Records in the United States and Warner Music Group in the rest of the world in 2017.

Outside was his first major-label release, and it was his third studio album. He was named an Apple Music Up Next artist and won Best International Act at the 2019 BET Awards in 2019.

African Giant, his fourth studio album, was released in July 2019 and was nominated for Best World Music Album at the 62nd Annual Grammy Awards. It won Album of the Year at the 2019 All Africa Music Awards and was also nominated for Album of the Year at the 2019 All Africa Music Awards.

On August 12, 2013, Burna Boy released his first studio album, L.I.F.E, as a follow-up to his second mixtape, Burn Identity (2011). On its first day of sale, the album sold 40,000 copies. Uba Pacific bought Aristokrat Records’ marketing rights for ten million dollars.

10 Richest Musicians In Nigeria

2Baba (Net Worth: $16 million)

Innocent Ujah Idibia, better known by his stage name 2Baba, is a Nigerian singer, musician, songwriter, record producer, entrepreneur, philanthropist, humanitarian, and activist.

Before July 2014, He went on to form the Plantashun Boiz trio. Before disbanding in 2004, Plantashun Boiz published two successful albums under Nelson Brown’s label (Dove Records): Body and Soul (2000) and Sold Out (2003).

After quitting Kennis Music after the release of his second solo album, he founded Hypertek Entertainment, his own record company. He’s a member of the Sony All African One8 Project, along with seven other musicians from throughout Africa, and they’ve recorded a single called “Hands Across the World” with R. Kelly and Prince Lee.

10 Richest Musicians In Nigeria

2Baba has also served as a brand ambassador for a variety of companies, including Guinness, Nigerian Breweries, and others. He is also the National Agency for Food and Drug Administration and Control’s brand ambassador. 2Baba was named the first and official brand ambassador for Oraimo in 2019.

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10 Richest Musicians In Nigeria

Olamide (Net Worth: $12 million)

Olamide Gbenga Adedeji, better known by his stage name Olamide Baddo, BaddoSneh, or simply Baddo, is a Nigerian hip-hop recording artist.

He sings in both Yoruba and English. While contracted to Coded Tunes, he released his debut studio album Rapsodi in 2011. His follow-up album, YBNL Nation, was released under his label imprint.

10 Richest Musicians In Nigeria

Olamide is the first Nigerian to sign a Cîroc sponsorship contract.

Phyno (Net Worth: $11 million)

Phyno, whose real name is Chibuzor Nelson Azubuike, is a Nigerian rapper, singer, songwriter, and record producer. In 2003, he began his music career as a producer, and he is known for rapping in the Igbo language.

10 Richest Musicians In Nigeria

Timaya  (Net Worth: $11 million)

Timaya is a Nigerian singer and composer whose real name is Inetimi Timaya Odon. DM Records Limited was established by him.

His solo career began in 2005 with the publication of “Dem Mama,” which was also featured on his debut album True Story, which was released the following year.

10 Richest Musicians In Nigeria

Peter and Paul Okoye (Net Worth: $10 million each)

P-Square was a disbanded music combo made up of Peter and Paul Okoye, twin brothers. Square Records was responsible for the production and distribution of their albums.

They got a record deal with Akon’s Konvict Muzik label in December 2011. P-Square struck a record distribution deal with Universal Music Group in May 2012.

P-Square received Range Rover SUVs from Globacom as Glo Ambassadors on October 8, 2015, in exchange for their sponsorship of the #DanceWithPeter TV Radio entertainment campaign.

Dancers from all around the world compete for prizes in this program, which brings together dancers from all over the world.

10 Richest Musicians In Nigeria

Flavour (Net Worth: $9.5 million)

Chinedu Okoli is a Nigerian singer, composer, and multi-instrumentalist better known by his stage name Flavour N’abania or just Flavour.

He got his start in music as a drummer in a local church. Flavour’s smash song “Nwa Baby (Ashawo Remix)” is well-known throughout Africa and the rest of the world. He is currently under the management of 2nite Entertainment.

He revealed that a gig costs him more than N10 million. The singer has gone on to become one of Nigeria’s most popular musicians, making large sums of money from his performances, thanks to his style of music, which is a blend of highlife music, jazz, and R&B.

10 Richest Musicians In Nigeria