Nigerian artists have done excellently well in the music industry, and a good number of them have gone internationally.
In this article we will be discussing about the top ten richest musicians in Nigeria. It is important for you to note that necessity is placed on me to be fair and accurate in my ranking.
Be that as it may, the truth is that music industry in Nigeria has over the years grown exceptionally. In a moment we will be discussing about the top ten richest musicians in Nigeria.
I will never score any musician more than what he score on the criteria scale, and everyone who enters this blog is guaranteed to have the most accurate information about the top ten richest musicians in Nigeria.
Criteria for selection
However, before the selection, there were some key criteria put in place to determine the top ten richest musicians in Nigeria.
The criteria were: the artist endorsement deals, media report, artist own label, artist income from shows and tours and the artist frequent features.
In view of the above criteria, I am sure that Nigerians will see the selection of the top ten richest musicians in Nigeria as the most fairest and accurate. Hence, below are the top ten richest musicians in Nigeria.
1. P – Square
P-square is a renowned name in the Nigerian music industry. P-square is made up of two twin brothers, known and addressed as P-square.
P-square tops the list of the top ten richest musicians with strong reputation going for them. Their albums are mind appealing hence, have attracted cool cash to their bank account.
Report had it that P-square shows are charged high, often time to the tune of eight million naira in each show, and have been frequently featured on quite a number of shows, and in all these shows, P-square has made a wooping sum of money ranging from millions of naira, coupled with top endorsement deal hence, P-square is the most richest musician in Nigeria. Born November 1987, and has won N150 million worth of award for the best African artist in 2010.
Read More: 7 Ways to promote your music in Nigeria
2. D – Banj
D-banj is one of the popular Nigerian musicians and has produced find music to the satisfaction of his fans. D-banj travelled around the world incising minds with his lyric, and he is making cool cash from shows and tours, coupled with endorsement deal signed by him hence, has ranked the second richest musician in Nigeria. Born June 1980.
3. Don Jazzey
Don Jazzy is not just a musician; he is also a high rated music producer. Dan Jazzy does not only know how to sing, he has produced music to most of the Nigerian musicians.
The cost of producing a song to these musicians is about five hundred thousand naira in each song. One could imagine how much money Don Jazzy is making yearly. Available record had it that Don Jazzy is topping Nigerian music producer. He is ranked the third richest musician in Nigeria. Born November, 1982.
4. 2 Face Idibia
2 Face Idibia is one of the happening Nigerian musicians, who have seen it all. Some referred to him as a legend in the Nigerian music industry, while other described him as the most marketable musician in Nigeria.
2 Face Idibia made cool money from his music profession in shows and tours from around the world, as well as from the endorsement deal he has signed.
His wealth and his dexterity in music have ranked him the forth richest musician in Nigeria. Born September, 1975.
5. Banky W
Banky W. has made name already in the Nigerian music industry hence, his achievement in the music industry cannot be underestimated.
No wonder Banky W. is presently the brand Ambassador of Etisalat telecom and Samsung Mobile for the region of West Africa. Banky W. is the Chief Executive Officer (CEO) of one of the most popular music record label in Nigeria. His deal with Groc, and the money he made from shows and tours has ranked him the fifth richest musician in Nigeria. Born March 1981.
Wizkid indeed, has made it great in the Nigerian music industry, this perhaps, can account for his recent nomination for the 2017 Grammy Award.
This young Nigerian artist is really swaggering, hopefully, he will get the Award. Wizkind is currently superintended over Star boy record label.
Wizkid, who has won several awards, is having a deal with Sony Record. His disposition and wealth made from music has earned him the rank of the six richest musician in Nigeria. Born July, 1990.
This is devido, and he is one of the finest musicians Nigeria ever produced; his music profession has taken him far and wide. He is currently on a deal with Global music Giants SONY Records.
The fact that Devido has made it big in Nigerian music industry is not an understatement. He is however, ranked as the seventh richest musician in Nigeria.
Iyanya is another big name in the Nigerian Music industry. A one time winner of the MTN Project Fame in 2008. Of late, Iyanya is on deal with one of the best record label in Nigeria, Mavin record.
He has recorded enormous feat in the music world hence, has been ranked as the eighth richest musician in Nigeria. Born October, 1986.
9. Tiwa Savage
The only female musician, who has made to the top ten richest musicians in Nigeria, is Tiwa Savage. She is on a deal with Mavin records, and has signed an endorsement deal with MTN, and Pepsi and Forte oil and Maggi.
This is a great feat. Her sweet music has build wealth for her. Tiwa Savage is not only ranked the ninth richest musician in Nigeria, but has emerged the richest female musician in Nigeria. Born February, 1980.
Olamide is one of the finest rapper in the Nigerian music industry. He runs YBNL record label. His income comes from shows and tours, and it is a statement of fact that he has made it big in the music world, that is why, he is enlisted among the top ten richest musicians in Nigeria, and is ranked the tenth richest musician in Nigeria. Born March, 1989.
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