Top 5 Richest Nigerian Music Artist

Below list of the Highest Paid Nigeria Music Artists was put together using factors such as endorsement value, popularity, show rates, sales, awards, YouTube views, appearance in newspapers, investment, social media presence, influence and so many other factors.

While many Nigerian musicians have gained recognition within and outside the shores of the country, the impact was fully felt when Forbes rated some of Nigerian musicians as part of the 10 top richest musicians in Africa.

The list shows the Nigerian Music artists making the most money in Nigeria. Below are the top10 list:.

1. P-Square | Net- worth = $128.0 million – Psquare is one of the richest musicians in Nigeria. Psquare composed of Nigerian twins, Peter and Paul, are the second richest musicians in Africa. They own a luxurious home in Lagos worth over 3 million dollars. They also own a house in San Francisco worth over 1.7 million pounds. In 2012 they were named the Artist of the year at the KORA All Africa Music Awards and they received 1 million dollars for winning the award. In December 2011, the duo signed a mouth watering deal with Akon Konvict Music. Psquare are ambassadors for Globacom telecommunication in Nigeria and are said to charge over $150 ,000 per show. Psquare fly their own airbus private jet and make most of their money from concerts across Africa. They recently concluded a concert in Chicago and they try to spend as much time as they can with their family before travelling. peter okoye recently proposed to his long time girlfriend Lola Omotayo with a 15 million brand new SUV. According to their Jude Okoye, Psquare’s elder brother, Paul is more on the reserved side while Peter is on the social side. Peter is like a socialite, outgoing person more than Paul. Peter has the motivating drive. Psquare also engage in Philanthropic acts. They visited and donated 5 million Naira to OJB( a Nigerian music producer) to aid him towards his kidney operation in India. Some of Psquare’s hits include songs like ‘’Temptations’’, ‘’personally’’, ‘’No body be like you’’, and ‘’Chop my money’’ which featured Akon on the Remix. They fly private jets.

2. Don Jazzy Net worth is = $35.0 million – Don Jazzy is the CEO of MAVIN records which he founded in May 2012 after his split up with childhood friend and Mo’Hits partner, D’banj. He and D’banj performed together for the first time after the split in D’banj sister’s wedding some weeks ago. Don Jazzy is not only a music producer and song writer, he is also a multi- award winning musician and an enterpreneur. Don Jazzy still has his deal with Kanye’s G.O.O.D Music, even though he and D’Banj have parted ways. In August 2013 he became an MTN ambassador signing a lucrative deal together with his brother D’prince.

On Friday 30th November 2012, Don Jazzy was announced as a ambassador for Loya Milk. Apart from Loya milk, Don Jazzy is also the Brand Ambassador for Samsung. He recently was rated as the 36th. “Most powerful celebrity in Africa” according to Forbes. He is one of the richest musicians in Nigeria.
Don Jazzy has a black Cadillac Escalade worth N12,000,000 with his name on the number plate; he has a black Bentley Continental Flying Spur worth N29,600,000, and he owns a black Range Rover Sports worth N9,600,000, and drives a Porsche 911 Carrera worth N13,440,000.

3. Banky W Net-worth = $28.5 million – Olubankole Wellington , popularly known as Banky W , was born in the united states on March 27 1981. He is the CEO of Empire Mates Entertainment (E.M.E.) record label and R& B artist. He is often refereed to as the king of R & B in Nigeria. He is also a published writer, and some of his articles have been featured in numerous Nigerian magazines, newspapers and websites.

As a philanthropist, he launched the “I AM CAPABLE” scholarship fund, which provides tuition, room & board at private universities for youth who are in need and meet the grade requirements Majority of Banky’s money comes from gigs . sales of records, and endorsement deals.

Banky has a lucrative ambassadorial deal with Samsung Mobile. In Feb 2013, he signed a second deal with Samsung Electronics West Africa which is valued at over a 140 million Naira. Officials of Samsung have described Mr Wellington as one who represents the values Samsung stands for which is his quality, depth of work and versatility as an artiste that has endeared him to fans in and outside Nigeria.

Wizkid, one of the richest musicians in Nigeria, was once signed to Banky’s record label, Although wizkid has began his own label called star boy record, it is believed that he still has an agreement with EME Records. Banky W is award winning musician. Richest Musicians in Africa 2014.

4. Wizkid Net-worth = $26.0m – At 23, Ayodeji Ibrahim Balogun, a.k.a Wizkid, leads the pack. A string of endorsement deals, including one from MTN, has placed him on the list of big earning music artistes in Nigeria. At present, he is the highest paid Pepsi Ambassador in Africa and he lives in a N140m choice home in Lekki, Lagos. Wizkid’s personal cars include a N14.6million Porsche Panamera, Rolls Royce, N10m BMW X6, N6million blue Volkswagen convertible and a Hyndai Sonata.

The talented singer, songwriter and performer has emerged one of Nigeria’s hottest music acts, seven years after he broke into the Nigerian music scene. The last child in a family of six, Wizkid began to sing at the age of 11. Like new wine, his performance matured with age. His talent has taken him to different parts of the world and seen him perform alongside world class artistes, such as Chris Brown, Akon, and Young Jeezy, and Kardinal Official.

The young man’s fortunes improved in 2012, a few months after he released his Superstar album. As expected, his rating soared in the same year and he was named the second most influential Nigerian artiste on Twitter, an enviable position which clearly reflected his growing popularity.

Wizkid’s position on the African music chart was further justified after he made it to the Channel O/Forbes List of Bankable African Artistes. Mentioned alongside big weights like Don Jazzy, Psquare, D’banj, he was placed ahead of Tuface Idibia, on the list.

Early in the year, he threw a free appreciation party for his fans at the New African Shrine. He has the BET, MTV, Channel O, Ghana Music Awards to his credit.

5. 2Face Idibia Net- worth = $25.0 million – Nigerian music star Tuface Idibia takes the number 8 spot on the list of the richest musicians in Africa. In the recent Forbes report on the most bankable artiste in Africa, Tuface Idibia made the cut. He is a multi-award wining musician and one of the most decorated hip pop artists in Africa.

He is popularly known across Africa for his song ‘’African Queen’’. Tuface has won 1 KORA award, 1 MTV Europe Award, 1 world Music Award, five Headies Awards (Hip-hop award), four Channel O Music Awards and one BET award 4 MTV Africa Music Awards, 1 MOBO award, and numerous additional nominations. The African Queen crooner has a vast investment in real estate across Nigeria, earns around $50k to $80k per show and owns a night club in Nigeria.

In 2009, he was presented with the prestigious International Youth Ambassador for Peace Summit and the Nigeria Youth Merit Award by the National Youth Council of Nigeria in recognition of his contributions to youth development in Nigeria