Top 10 richest musicians in Nigeria

10. Timaya

Timaya is a lion in his own Jungle and he has to be named as one of the most successful musicians to come out of Niger-Delta. All his videos on YouTube have a combined number of over 20 million views. He recently lost his Instagram account to hackers and in less than a week got almost all his followers back. That’s to show how much his fans like and adore him. He is worth an impressive sum of N1.1 billion.

9. Iyanya

Iyanya has shown that a lot can happen in a short period of time; a time as short as three years ago when he won MTN’s project fame. He has gone ahead to become one of the biggest music stars in the Nigerian music industry. The Yudala ambassador is worth an attractive sum of N1.8 billion.

8. Banky W

Banky W is the CEO of the popular EME music record label and he’s responsible for bringing to limelight, Wizkid and Skales. He is surely a force to reckon with in the Nigerian music industry and he’s an ambassador for top brands like Ciroc, Samsung, MTN and so on. The EME boss is reportedly worth a whooping sum of N2.3 billion.

7. Flavour

Flavour has been featured by almost every artiste in Nigeria. The versatile vocalist has been a relevant personality since he came into limelight. He knows exactly what it is people want to hear and he delivers just that, with the help of his guitar. He’s a Globacom ambassador, the same company that endorsed the richest musicians in Nigeria. He is said to be worth N2.5 billion.

6. Wizkid

Wizkid made a name for himself in EME records, where he released his “Holla at your boi” which shot him into the spotlight. He has since gone on to become one of the biggest stars in the Nigeria. Wizkid is an ambassador for the giant brand Pepsi and Globacom and he is reportedly worth a whooping sum of N2.8 billion

5. Davido

Davido should probably top this list if parent’s wealth was also considered. He’s an OBO (Omo Baba Olowo) and he has done an amazing job of amassing wealth for himself. He’s the lead act in his HKN music group and he’s worth N2.9 billion.

4. Innocent “2Face” Idibia

He’s not as innocent as his name indicates, with his baby-mama dramas but he has an extremely likeable personality in the Nigerian music industry. A fact that was confirmed judging how many people showed up for his 41st birthday anniversary. 2Face has enough money to cover up for his youthful exuberance since his net worth stands at N4.5 billion.

3. D’Banj

Everyone in the Nigerian music industry knows D’Banj as a goal getter and someone who hardly takes “no” for an answer. He co-founded the popular Mo’Hits music record label with Don Jazzy, before splitting up to form his own DB Records. D’Banj is more of a businessman than a musician and he’s a World Bank ambassador for poverty eradication in Africa. He has a few businesses of his own and he’s worth a reported sum of N5 billion.

2. Don Jazzy

This would be the only person on this list who has featured in quite a number of songs but doesn’t have one track to call his own. Don Jazzy is one of the richest (if not the richest) in Africa. He has endorsement deal from brands like Samsung, Loya Milk, Konga, and so on. He is also the CEO and chairman of the popular Mavin Records. He is worth N6.5 billion.

1. P-Square

Peter and Paul Okoye are the richest twin musicians not only in Africa, but in the world. Any other richer twin is on another planet. Of the top 10 most viewed African music videos on YouTube, P-Square has five, leaving other African musicians to share the remaining five. They are not only musicians; they are shrewd businessmen who don’t allow family sentiments get in the way of their money. Booking both of them cost more than any other African artiste and they are the only Nigerian musicians who own a mansion in the billionaire neighbourhood – Banana Island.

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