Nigerian has produced some of the best and richest musicians in Africa as music continue to pay heavily in Nigeria for the past 15 years. No wonder, average Nigerian youths has come to see music as one of the the quickest means to wealth and fame. Why not! When a good number of artistes have risen from nothing to something over a short period of time, enjoying wealth that can only be imagined by their peers. The question is Who is the richest among these musicians and how much are their net worth? Before you read, I want you to have these in mind
1. Net Worth does not necessarily mean the amount of money you have in the bank. It is how much you are worth as an asset base on your works, your achievements, investments, and popularity. So, when we talk about richest musicians in Nigeria, you need to understand that some of the artistes mentioned may not have the said amount of money in the bank.
2. Album/music sells is not the only means musicians make money. They make much more money from – YouTube Partnership Advertising Program, Loyalties, ringtones, concerts, sponsorship, endorsements, and appearances.
These were factored into this rating to come up with this robust, time tested ranking of richest musicians in Nigeria. The best, the original, and the most accurate ranking you can find anywhere on the internet.
3. This list is dynamic – it changes from time to time. Someone who is on this list today may not be on it tomorrow.
4. If you have an objection, state it in a civil manner, utilizing the comment system below.
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In music, your popularity determines your worth, you don’t make shit if you are not popular because, popularity is what determines appearance and endorsement fees. What are the metrics to measure the popularity of an artiste that helps us arrive at the richest musicians in Nigeria?
The number one means of finding out how popular a musician or music is, is by checking out the YouTube stat and his/her songs downloads on iTune, Spotify, etc. If you are popular, it will show on your YouTube views, no manipulation. And if you have a great stat on YouTube, you are a great artiste, making good money even from the YouTube itself.
Another means is through awards but since most music awards are heavily manipulated, we are going to skip awards and use other metrics such as endorsement and ability to pull crowed and command good appearance fees. Self promotion won’t count in this rating. Read on to see where your favorite musician is ranked in this list of richest musicians in Nigeria.
List Of The Top 20 Richest Musicians In Nigeria
I present to you the top 20 richest musicians in Nigeria and their estimated net worth. Like I said before, this list is the most detailed and most accurate you can find anywhere. Far more comprehensive than Forbes net worth. Enjoy and make a comment!
20. Kiss Daniel [$1.0 million]
This guy is making name for himself in the music and entertainment industry in Nigeria. It is not surprising that he made the top 20 richest musicians in Nigeria, despite that it has not been long he break into the limelight.
His hit song (Woju) remix featuring Tiwa Savage and Davido has grossed over 16 million views on YouTube as at the time of the last update. Kiss Daniel net worth is estimated to be $1.0 million
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19. Chidinma Ekile [$1.3 million]
Chidinma has one thing going for her – she is extremely likeable. That alone has skyrocketed her take home performance fees and worth to an enviable position. From a mere contestant in the MTN Project Fame to a household name in Nigeria, Chidinma has created wealth that her peers can only dream about. She has amassed enough wealth to earn her a place on this list of richest musicians in Nigeria.
Her biggest video to date is “Kedike” with 1.2 million YouTube hit, followed by “Oh Baby” featuring Flavour which currently has 600,000 views. And collective views of about 5 million for her songs, Chidinma’s net worth is put at – $1.3 million
18. Duncan Mighty [$1.5 million]
Duncan Mighty has refused to step an inch away from the Niger Delta oil. With unique beats, superior voice quality, and dance step to match, he is considered one of the most successful artistes ever come out of the Niger Delta region.
His most popular song on YouTube.com is “Obianuju” and “Port Harcourt Boy” which has collective views of 2.8 million. With strong affiliation to the Niger Delta politicians, Duncan mighty is estimated to worth – $1.5 million
17. Phyno [$1.6 million]
The only hardcore rapper I’ve ever seen in Africa. He does it like no other, providing new dimension to rap music in Nigeria and Africa in general. Phyno is to the Igbos what Olamide is for Yorubas but he does it in a completely different fashion. So good that ‘Rap haters’ like me are being forced to like the music.
Phyno is a genius. Everyone wants to collaborate with him for good reasons. He is hot in the market. Phyno’s net worth is put at – $1.6 million
16. Tekno [$1.7 million]
He broke into the limelight with Duro which currently has 26 million views on YouTube. Tekno is one of the finest Afro-Hiphop artists in Nigeria. He and Kiss Daniel are the newest entrants into this tops 20 richest musicians in Nigeria, overthrowing Ice Prince and Patoranking.
His biggest song till date is Pana which is currently having over 36 million views on YouTube and countless of downloads on iTune! Tekno net worth is $1.7 million
15. KCee [$2.0 million]
Currently making serious wave in the Nigerian music scene, KCee, formerly a member of the KCPresh is one of the most fortunate guy in the industry. He picked the right beat at the right time, and the rest has become history.
His hit songs “Limpopo” and “Pull Over” are currently on 14.5 million views collectively on YouTube. KCee net worth is $2.0 million.
14. Tiwa Savage [$3 million]
Welcome the queen of music in Nigeria. The sexy mama and the first lady of Mavins Record! Tiwa Savage is among the very few Nigerian artistes whose average video is grossing over 1 million on YouTube. She currently has about five videos with more than a million views each. Eminado is currently doing 7+ million.
Her net worth is $3 million and may soon crossover to ten in this rating within the next couple of months.
13. Iyanya [$3.5 million]
From a hungry project fame ex-winner to international famous superstar within the space of three years. Iyanya has shown that if you want to be successful in Nigeria, give them what they want and you will be blessed with wealth.
Iyanya’s hit song (“Kukere” complete with its unique dance step) currently has more than 15 million views on YouTube. His net worth is $3.5 million
12. M.I [$3.9 million]
Regarded as one of the most successful rap artiste ever in Africa, M.I has built a reputation that will be too difficult for anyone to surmount. He is among the major stakeholders in Chocolate City Records and is credited with the rise to fame of Ice Prince Zamani.
For the sake of the record label and the stars that came through it, we are placing MI at number 12 on this list. His current net worth is $3.9 million
11. Yemi Alade [$4 million]
How she made it, I don’t know, but she is currently the biggest female musician in Nigeria. The first day I heard “Jonny” played over my car radio by one of the Nigerian F.M Station, I knew something serious was about to hit us.
Yemi currently has the most successful and most popular music video by any African female artiste (dead or alive) on YouTube. The total views for “JONNY” as at this time is 69,800,171. Yemi Alade’s current net worth is $4 million.
List Of Top 10 Richest Musicians In Nigeria
10. Timaya [$5.5 million]
Timaya’s vocal power is unmatched in the industry. He is one one the best and probably the most successful music star ever come out of the Niger Delta area, far more successful than Daniel Wilson and others. He is truly the “Egberi Papa 1 of Bayelsa”.
One of his hit track “Sanko” has surpassed 5million views. While his biggest hit “Bum Bum” featuring Sean Paul has already grossed over 16 million on YouTube. Timaya net worth is $5.5 million
9. Tu Face [$5.7 million]
The musician everyone respects in the industry, Tu Face has become the present day legend in African pop culture. By the time he hangs his trumpet, he will be studied in universities across Africa. African Queen remained his biggest hit ever, meaning that this legend lives largely in the past glory.
He has not been able to do another song more popular than the famous African Queen or even close to its popularity. But what he lack in hit songs, he made up in reproduction, building future generation of Idibias. Tu Face net worth is $5 million.
8. D’Banj [$6 million]
From life in the streets of The United Kingdom to MoHit and, becoming one of the biggest superstar Nigeria has ever seen, D’Banj has proved that what you need to become successful is in you. You don’t need to look for it elsewhere, it is within you.
Noteworthy, his biggest song ever is (Oliver Twist) the last song produced by Don Jazzy. It dethroned P-Square’s song (Chop my Money) temporally in 2013 as the highest viewed Nigerian song on YouTube before another song from P-Square (Personally) reclaimed the number one spot. D’Banj net worth is $6 million.
Update: From the information we gathered, it seems D’Banj net worth has nosedived. All seems not well at this time.
7. Banky W [$9.0 million]
Two of the best music videos ever done in Nigeria (Lagos Party and Wizkid’s Holla at ur Boy) to his credit and a serious record label of his own, Banky W is surely a force to reckon with in the Music business in Nigeria.
From Etisalat to Samsung, he has the knack to land juicy endorsement deals anytime. Started with a copycat of Rihanna’s song, he graduated to international superstar, doing original songs and winning awards. Banky W net worth is $9.0 million.
6. Wizkid [$11.5 million]
From a backup artiste to Banky W to becoming a superstar, Wizkid has been transformed into international star by just one music video – Holla at ur Boi! That video created the defining moment in his career and today, he is the Wizkid you and I know.
Widely regarded as the Justine Bieber of Nigeria, Wizkid is one of the stars in the industry that many upcoming artistes look up to. What he lack in vocal talent, he complement in personality appeal. Wizkid net worth is $11.5 million.
5. Olamide [$12 million]
He is probably the craziest rapper in Nigeria and Africa. So crazy he called himself Badoo. Olamide has built name and fortune for himself in the music industry in Nigeria. Right from the day I heard his first song, I knew he was going to be big.
His song with the highest YouTube view is “Shakiti Bobo” with over 17 million views. Consequently, he was able to overtake Wizkid due to the fact he has multiple singles with over 50million collective views. He is the mastermind behind the rise of Shoki dance style and Lil Kesh. Olamide’s current net worth is put at $12.5 million.
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4. Davido [$20 million]
What he lack in physical appeal, he complement with great vocal ability – the twisted version of Wizkid. Davido is one musician in Nigeria that I so much like his vocal talent. He is a singer and song maker extraordinaire and as a result, has become one of the richest musicians in Nigeria.
His two songs “Aye” and “Gobe” are currently having 15 million and 11 million respectively on YouTube. Son of a politician and businessman, Davido’ net worth is $20 million.
3. Flavour [$28 million]
Almost every artiste in the industry has featured Flavour in their songs. His vocal ability is unrivaled. One of the very best the industry has ever seen. Flavour Nabalia is one like no other and no one can mimic him successfully, no matter how hard they try. He is the only Flavour, after him there may be no other Flavour.
This Afro High-life Star has everything going for him. Physical appearance, pure vocal talent, and mastery of the music instruments. Flavour is everything other musicians desires to be. His current net worth is $28 million.
2. Don Jazzy [$100 million]
The only musician in this list with no song to call his own. Yet, he command so much respect and money than most of the bests in the industry. Don Jazzy is a builder, a producer and industry pacesetter. Whatever he lays his hands on becomes gold. He produced D’Banj to international superstar and, when D’Banj left, he produced other superstars.
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Dorobucci, Adaobi, Eminado, Sulurere, Banana – these are some of the major hits he produced after the MoHit saga. Certainly one of the richest musicians in Nigeria, Don Jazzy net worth is $100 million.
1. P-Square (Mr P, Rudeboy) [$150million]
No one does it like P-Square in the music industry in Nigeria and Africa! When you think they’ve done their best, they come up with something completely different. The only competition they have is with themselves. Outside Akon, P-Square is the biggest music stars ever come out of Africa – dead or alive!
How about great African musicians like Fela, Ndiaye, Lucky Dube, Blenda Fassie, Angelique (the double Grammy awards winner), and Awilo Logomba? Well, they are all legends of music in Africa but when it comes to earning and popularity, these legends are no match to P-Square, with all due respect. This is based on facts and figures. Pick up the all times African top 10 music video on YouTube, P-Square alone has 5, leaving the other 5 for the entire artistes in Africa to share.
Personally = 77 million+
Chop My Money = 32million+
Collabo = 42 million+
Do me/Bank Alert = 22million+
Teste The Money = 31 million+
This twins are the Cristiano Ronaldo and Lionel Messi of African music. Probably the only artiste in Africa you dare not book with less than $100,000. P-Square net worth is $150 million
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Congratulation to the richest musicians in Nigeria! Have an opinion? Let’s hear you –
Source: Wealth Result