People are finally beginning to realize that music is far more than stringing words together with correlating beats. It is a business!
The figures on this list is enough proof that people are gradually building empires with the amount they get from just recording songs in a studio.
There’s a whole mine of money to make from the music industry and many artists are taking good advantage of the opportunities out there. We have a list of the 10 richest male Nigerian musicians. Check it out and figure out who is not on the list!
- Timaya– N1.1billion.
Timaya who is probably the most popular artist to come from the Niger Delta area clinches the 10’th position on this list. He started out with singing about the injustice in his area and also about how hard life is with songs like ‘dem mama’ and ‘true story’, he obviously most have done it extraordinarily right because today he is worth N1.1 billion making him one of the richest musicians in Nigeria. He is number as 10th on this list of richest male Nigerian musicians and may or may not climb up as time goes on.
- Iyanya– N1.8 billion.
Iyanya is also an artist who owes a part of his fame to a talent hunt show-MTN project fame. But fortunately he went on to do big things with that gift and today he is worth N1.8 billion. His hit song ‘kukere’ remains a favorite for many Nigerians even years after it was released.
- Banky W– N2.3 billion.
Banky Wellington is the Nigerian King of R&B, the co-founder of a record label-EME and an actor. He is also an ambassador to Samsung and Ciroc. All of this combined gives him a net worth of N2.3 billion.
- Flavour– N2.5 billion.
Flavour is one of the few Nigerian artists who is comfortable with singing in a native language. Regardless of the fact that most of his songs are in Igbo he still gets invites from all over Africa to perform at events. He arguably is one of the most energetic Nigerian artists on stage. He is net worth is valued at N2.5 billion which makes him the 7th richest male Nigerian musician.
- Wizkid– N2.8 billion.
Wizkid has indeed shut his critics up and proven that he is here to stay- years after the release of his hit sensation ‘holla at your boy’, he is still in the music industry and is still wowing his fans with even better hits. He has signed lots of endorsement deals and has also gone international with his collaborations with international stars like Drake and with signing a deal with Sony Music. He is worth N2.8 billion and the 6th person on this list of richest male Nigerian musicians.
- Davido- N2.9 billion.
Like Wizkid, Davido is also signed to Sony Music. Aside having a billionaire father, he has also managed to amass millions for himself with his music. He is worth N2.9 billion.
- 2face– N4.5 billion.
Years after the breakup of the group that birthed his music career- the Platashun Boyz, 2face is still very much active in the music scene and is making millions for himself with his music and endorsement deals. He is worth N4.5 billion.
- D’banj– N5 billion.
Although most of his fans were worried that his career would suffer for it when he left Don Jazzy’s record label- Mo’hits, D’banj proved to them that he can still hold himself down. He has since then continued to soar and bag endorsement deals from bodies like the United Nations, Slots to mention a few. He is worth N5 billion.
- Don Jazzy– N6.5 billion.
Don Jazzy is indeed one artist who doubles as a business man. He is the CEO of the top record label- Mavin. His record label has talented acts like Korede Bello, Tiwa Savage, Di’ja and Reekado Banks signed to it. He is also a music producer and an investor. With a net worth of N6.5 billion, he comes second of this list of richest male Nigerian musicians.
- P’Square- N15 billion.
And the number one spot goes to the twins. They are indeed in a class of their own, they make huge amounts of money from bookings, endorsement deals and album sales. Their net worth is calculated to be a whooping amount of N15 billion making them the richest musician in Nigeria for the year 2017 and probably one of the richest musicians in Africa.