The Entertainment industry is a very lucrative place if you know what you're doing. There is a lot of money to be made as long as your talent is always out to draw people closer to you. Here is the list of the top 10 top shots reigning the Nigerian entertainment industry currently.
Holding the number 8 spot is Mr. Olubankole Wellington whose stage name is Banky W. The R&B singer is a top Nigerian artiste who commands both influence and the money too.
He is the CEO of the record label EME (Empire Mates Entertainment), he declared his interest to run for the office of the Member House of Representatives for Eti-Osa Federal Constituency last year. He did run and came 1st runner up on the platform of a relatively unknown party.
Before the politics, Banky W was a huge brand influencer and ambassador for multinational companies like Samsung, Uber, etc with benefits running in millions.
He is also an actor and is into film production, directing, public speaking and event hosting.
His estimated net worth is put to be around N1.9 billion.
Number 10: Timaya
Holding the number 10 spot is Nigerian dancehall star Enitimi Alfred Odom better know as Timaya.
The Bayelsa born singer according to insiders takes home about 8 million Naira to do his job at any occasion he is called upon to perform.
At the moment the ‘Balance‘ crooner has running endorsements deals with Nigerian Telecommunications Giant, Glo and Cognac brand Hennessy all worth several millions of Naira.
A few months back to last December the singer was buying new cars for his associates and himself to celebrate the festivities.
Timaya’s estimated net worth is put at N1.2 billion.
The Bayelsa born singer according to insiders takes home about 8 million Naira to do his job at any occasion he is called upon to perform.
At the moment the ‘Balance‘ crooner has running endorsements deals with Nigerian Telecommunications Giant, Glo and Cognac brand Hennessy all worth several millions of Naira.
A few months back to last December the singer was buying new cars for his associates and himself to celebrate the festivities.
Timaya’s estimated net worth is put at N1.2 billion.
Number 9: Flavour
Contemporary high life maestro Flavour takes the number 9 spot. The ‘Ada Ada’ crooner is a big toast in Eastern Nigeria where he hails from. One of the most popular artistes in Nigeria to ever hail out of the East.
Flavour is one of the busiest Nigerian music stars as he plays at least 3 to 7 shows every week with a high service charge.
The athletic singer is a brand ambassador for Bullet Energy drink, Life Lager Beer, etc.
The estimated net worth of Flavour is pegged at around N1.5 billion.
Contemporary high life maestro Flavour takes the number 9 spot. The ‘Ada Ada’ crooner is a big toast in Eastern Nigeria where he hails from. One of the most popular artistes in Nigeria to ever hail out of the East.
Flavour is one of the busiest Nigerian music stars as he plays at least 3 to 7 shows every week with a high service charge.
The athletic singer is a brand ambassador for Bullet Energy drink, Life Lager Beer, etc.
The estimated net worth of Flavour is pegged at around N1.5 billion.
Number 8: Banky W
Holding the number 8 spot is Mr. Olubankole Wellington whose stage name is Banky W. The R&B singer is a top Nigerian artiste who commands both influence and the money too.
He is the CEO of the record label EME (Empire Mates Entertainment), he declared his interest to run for the office of the Member House of Representatives for Eti-Osa Federal Constituency last year. He did run and came 1st runner up on the platform of a relatively unknown party.
Before the politics, Banky W was a huge brand influencer and ambassador for multinational companies like Samsung, Uber, etc with benefits running in millions.
He is also an actor and is into film production, directing, public speaking and event hosting.
His estimated net worth is put to be around N1.9 billion.
Number 7: Rudeboy
Paul Okoye who is widely known as Rudeboy is a former member of the sensational music duo Psquare. He occupies the number 7 spot.
Paul Okoye and his brother Peter used to rule the African music scene until they split two years ago.
PSquare was among the top three richest musicians in Africa before the separation. The music group used to charge the highest fee for a gig by any Nigerian artist, that has somehow changed as he stands alone.
These days, the ‘Reason With Me‘ hitmaker embarks on tours across Europe and America with his elder brother and manager and kills the shows notwithstanding.
His estimated net worth valued at about N2.3 billion.
Number 6: Mr P
It has been about two years since Peter and Paul Okoye former members of P Square split up. Before now the duo used to be higher up in the rankings as their net worth was calculated together.
However, after the split Mr P still tops the ratings for the richest Nigerian Musicians whilst holding the 6th position on our list today.
The singer is a brand ambassador to brands like Olympic Milk, Kia Motors, Tecno, etc.
He also has a new clothing line he calls ZIP, much of the business is awaiting official unveiling. As a solo artiste, he has toured Europe, America and has sold out shows which is very impressive.
His estimated net worth is N2.8 billion.
Number 5: 2baba
Innocent Idibia alias 2Face also known as 2Baba marked his 20 years of being in the Nigerian music industry in collaboration with Trace Naija.
He is the 5th richest musician in Nigeria currently.
The 43-year-old singer is very likeable by most of his colleagues in the entertainment industry. His goodwill and mature demeanour have made him a magnet of brand endorsement deal from the likes of Glo, Campari, etc.
He is also a top real estate investor, especially in the nightlife business.
As a consistent hitmaker 2Baba’s net worth is estimated to be about 3.5 billion Naira.
Number 4: Dbanj
Dapo Daniel Oyebanjo also widely known as D’banj is about one of the best Nigerian entertainers out there any time he takes the stage to perform. The DB Records boss is a consummate brand ambassador to multinational companies.
He is the CEO of CREAM Platform, which was valued to be worth about $100,000,000 by an American firm.
D’banj charges a fortune to mount the stage anywhere to perform, which is estimated to be a figure of about N6 million. He has also made a runway debut in Johannesburg, South Africa.
Last year he gave a rousing show at Global Citizen Festival Mandela 100 in South Africa last December.
He is worth an estimated figure of about 4 billion Naira.
Number 3: Don Jazzy
Ace music producer Michael Ajereh Collins better known as Don Jazzy is the CEO of Mavin Records, a record label that has buzzing act like Rema, Korede Bello, Dr Sid, D’Prince, Johnny Drille, POE, and recently Crayon etc.
Recently, Mavin Records received millions of dollars in investment from Kupanda Holdings to help it expand to Mavin Global.
Don Jazzy is number three on our list and one of the richest musicians in Africa. The highly revered music maker has other businesses outside music. He is a brand ambassador for Scotch Whisky Johnnie Walker.
The succesful beat maker’s net worth is valued to be around N8.7 billion.
Number 2: Davido
Our number 2 slot goes to David Adeleke known as Davido.
He is easily one of the richest musicians in Nigeria and Africa. The DMW boss a big name In African entertainment and his bank account sure supports the fact.
The past year has been exciting for the singer has he bagged several international awards, performed on international stages while selling out shows around the world.
His song ‘Fall’ became the first African music video to hit 100,000,000 views on YouTube. The song also made it to Billboard R&B/Hip-Hop Airplay Charts.
He has endorsement deals with Infinix Mobility, AXE perfume, Travelbeta etc.
Davido’s estimated net worth is put at about 9.2 billion Naira.
Number 1: Wizkid
Holding the much contested number one spot is yours truly Ayodeji Ibrahim Balogun widely known as Wizkid.
The past 12 months have been interesting for the Starboy as he raked in some millions of dollars which takes him to the top of our list.
Last year he was paid $681,200 to perform in India at a Royal wedding at Umaid Bhawan Palace.
In 2018 Wizkid sold out his Nike Starboy jersey merch twice, modelled for Dolce & Gabbana in Italy and Moschino.
The ‘Fever‘ crooner is a brand ambassador for vodka brand Ciroc and he has customized Starboy Ciroc bottles.
And for the record, the singer sold out the 20,000 capacity O2 Arena, London for his Afro Republik concert.
Wizkid is one of the richest musicians in Africa according to Forbes ranking.
His net worth has jumped in the past 12 months and it is estimated to be at about 9.5 billion Naira.
So there you have it, our updated top 10 list of most succesful Nigerian artistes.
Be sure to leave a comment about your views on the list.
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