Nigeria's music industry is very rich and that's why musicians aren't measured only by the quality of their music but also by the quantity of their money.


 Apart from the fact that many different musicians do release trending music perhaps once in a while, some do outranks others based on the quality of their release in the long run. Many atimes we are tempted to search for who really is the richest musicians among others in Nigeria. However, before reading who and who are on the musicians rich list in Nigeria, you may need to know how these musician make their millions. How Nigerian musicians make their money!
As stated before, there is money in Nigeria's entertainment industry.


To make a few millions doesn't neccessary mean you are there in the rich list. Alternately, not being listed as one of the richest musician in the country doesn't rule out the probability of you being a millionaire musician. Nigerian musician are ranked based on factors like appearance fee, endorsements as well as the worth of their personal properties.



The most accepted one is that released by forbes. The listed musicians are obtained from datas from forbes but in no particular ordering.



  Richest Musician In Nigeria 2018



Timaya



 

Timaya whose name is Entimi Alfred Odom was born on 2nd November 1980. He worths an impressive N5.5 billion.Entimi Alfred Odom who is considered the lion of his jungle is a Nigerian singer, and song writer. He is the CEO of DM Record label and has collaborated with Phyno, Terry G, K solo, Kefee, J.Martins and others.


Timaya began his career in 2005 and has since grown to this stature His second album Gift and Grace was released in 2008 which sold about 10 million copies in Africa. If you want to talk endorsement deals, Timaya effects deals worth millions with Glo and cognac brand Henessy.



Wizkid





 Ayodeji Balogun Ibrahim is popularly called Wizkid. His popularity goes to show the class of musician this young man is. Data has it that Wizkid's net worth is over $11 million.


As his name should have hinted, he is tipped to have started his musical career at the tender age of 11. If you may doubt, this doesn't goes to show that he did become popular at that age; he budded his popularity in 2010 when he released the song, ‘Holla at ‘ur boy.’ That and his successive songs really made him a key musician worldwide.


Some of his songs have been well received outside Africa with celebrities like Alicia Keys, Swizz Beatz and Kylie Jenner seen dancing to them. Wizkid’s was formally stage named “Lil Prinz” but in 2006, he changed his name to Wizkid. He has collaborated with acts like Drake, Treyz Songz, Tulisa, Kendrick Lamar, Chris Brown and Tinie Tempah.


In terms of endorsement deals this actiste has, brands like Pepsi and Glo presents him with deals that run into hundreds of millions.



Don Jazzy






Don Jazzy, is Nigeria’s wealthiest record producer and CEO of Mavin Records. He co-founded Mo’ Hits Records in 2004 which saw the likes of super stars D’Banj, Wande coal excel under him. He has mould talents under his newest label and has be accorded many allocades for his work as a producer.


This young man may seem old enough to own a wife but as at the time of publishing this piece, he is unmarried. His marriage status hasn't gone without mimicking from the Nigerian internet masses; he was once shockingly linked with popular blogger, Linda Ikeji by some of his marriage enthusiastic fans.


Don Jazzy is extimated to be worth N8 billion. He has several endorsements ;he’s a brand ambassador of Samsung Mobile. He also has a mega endorsement with Johnnie Walker. His awards include:

₹ City People Entertainment Award (2015) – special recognition award.
₹Nigerian Entertainment Awards (2007) – Music Producer of the Year.
₹ Nigerian Music Awards (2006) – Producer of the Year.
₹ The Headies 2011 – Producer of the Year for Over The Moon, Mr Endowed and Pop Something
₹ The Headies 2014 – Producer of the Year for Dorobucci.



Davido





Davido who is often called OBO (Omo Baba Olowo) is one of the top 10 richest musician in Nigeria. He is the only son of Dr. Deji Adeleke who is one of the wealthiest men in Nigeria.

He was born on 21st November 1992 and attended the British International School in Lagos. He also studied business administration in USA. He is a Nigerian producer, Singer, song writer, record producer.


 Davido is the co- owner of HKN music and he produced songs for Tiwa savage, Skales and Naeto C. In 2012, he signed an endorsement deal with MTN, and also an ambassador of Sony music. This lover boy recently bought a private jet and also purchased a N45 million Porsche car for his girlfriend Chioma for her 23rd birthday and got an endorsement deal of N60 million for her.


He owns two houses in the Lekki area of Lagos, which goes to show how rich this singer is. His 30 billion concert which was recently concluded was said to have trended worldwide and grossed hundreds of millions of naira.


He has won numerous awards e.g. Nigerian entertainment awards, Nigerian music video award, Ghana music awards. Davido's net worth is estimated to be N11 billion.



2Face






2Face is a music legend and he can be traced historically to Plantashun Boiz which he formed along with his friends, Face and Black Face. The musician was born in Jos although he hails from the Idoma tribe of Benue State.


His most popular song was from his debut album. The song, ‘African Queen’ won him several awards in Nigeria and beyond. Some of the awards include MTV Europe Music Award, World Music Award, Channel O Music Video Award, BET Award, MOBO Award and KORA Award. 2Face Idibia is worth an estimated N6 Billion .


He has some mega endorsement deals with Glo, Campari and Partner Mobile. Also, he was the first ambassador of the Italian liquerr brand, Campari. He is the founder of the NGO, 2Face Idibia Reach- Out Foundation whose motto is service to humanity.


 He was born on 18th September 1975 and he completed his secondary education in Markudi. 2Baba has a record label known as Hypertex entertainment. 2Face is married to Annie Idibia. They got married in May 2012. However, the musician has 7 children from 4 different women.



Olamide





 Olamide Adedeji popularly called Badoo was born on 15th of March 1989. He attended both primary and secondary school in Lagos and proceeded to Tai Solarin University of education to study mass communication. He is the founder of popular music record Label YBNL.



Olamide has a networth of over $12 million. His song, ‘Wo’ recently broke the record of being the fastest Nigerian video to reach 1 million views on YouTube - that was achieved in 6 days. Olamide has always released studio album every year since 2011. His albums include: Rhapsodi (2011) ,YBNL (2012), Baddest Guy Ever Liveth (2013) ,Street OT (2014), Eyan mayweather (2015), The Glory (2016), His last Album, Eyan Mayweather won the album of the year during the Nigerian Entertainment Awards.


D'banj






Oladapo Daniel Oyebanjo known as D banj was born on 9th June 1980 in Zaria. He was enrolled to the Nigerian military school and he proceeded to study mechanical engineering at Lagos state university.


He has since secured deals from numerous endorsement deals with heritage bank, energy drink known as power fist, and Sony. He is also an ambassador of Bank of industry (BOI) and globacom.


D banj charges over N6 million per show He has won many awards e.g. best collaboration and so on. D'banj's networth is about N6 billion. He is fondly called the koko-master.



Flavour






Chinedu Okoli also known as Flavour N’abania is a musician in Nigeria who has gotten wealth because of his choice of endeavour. It is said, he began music as a drummer at his local church and has since grown to become who we know today.


He released his first album in 2010 which was titled N’abania and he has released over 5 albums in the last 12 years. In 2014, his Ada Ada hit won the award for best video of the year at the Mtv Africa Music Awards and the Africa Music Magazine Award.


He has a couple of endorsement deals which include one with FlatTummy Tea and another with Life Continental Beer. Flavour is known to charge between N4 and 5 million per show. Flavour worths an estimated $28 million.



Banky W






Olubankole Wellington, which is his real name was born in 1981 in the United states of America. He attended Corona primary school and he studied industrial engineering in New York. He is the husband to the pretty actress Adesuwa Etomi.


He is the CEO of EME records. He has signed many endorsement deals worth millions and he is a brand ambassador for many companies e.g Uber hail cab service provider and he is the first Nigerian celebrity to be awarded such honor. Banky W's worth is around N3.5 billion.



P Square - Peter&Paul Okoye





Although these two seperated long since, ther certainly deserved a place in this list of richest musicians in Nigeria as they are worth it. Peter Okoye and Paul okoye were known as P square. They were born on 18 of November, 1981 in Jos.


They went to St. Murumba secondary school a small catholic school in Jos. and later joined school music and drama club. In 1999, they went to university of Abuja. They both performed album with artists like Sean Paul, Akon and Ginuwine.


Peter had endorsement deals with Kia motors, Olympic e.t.c that worth millions of naira and both of them have won many awards which include Nigerian magazine awards, ciy magazine, the headies, Kora awards and many more. Based on Forbes list of richest musicians in Nigeria, Peter’s worth is estimated to N5.8 billon while Paul’s net worth is N5.6 billion.