The musical industry of Nigeria is growing swiftly thus producing the valuable musicians of all the time. In this article, the top 10 richest Nigerian musicians are mentioned with current stats of their net worth in 2023. Raking of the mentioned affluent personalities is projected from media reports, earning from tours and shows, sales on iTunes, endorsements deals and contracts as well as also from the label used by the artist. Starts with Number 1: P-Square- (consists of Paul Okoye and Peter), the famous twin pair is ranked on the top of the list of richest Nigerian musicians.
They have earned a tremendous fortune from album selling’s, tours, shows, and endorsements. The duo is taking over N8 Million per show. So, doing shows on a regular basis adding a lot in their wealth. Their popularity led them to achieve KORA awards for the category of Best African Artiste, therefore, presenting a handful of money worth $ 1 million.
Their sponsors include Globacom telecommunications, Olympic milk, and several other automobiles. They have made an impressive income of around N15 Billion.
2: Don Jazzy- A musician with impressive records. At the present times, he lies among the leading Music Producers in the Federal Republic of Nigeria. Five years ago he has established a record label ‘Mavin Records’. Prior to this, Don Jazzy already co-founded the record label Mo’Hits. He is now charging N500, 000 to produce a single song thus enhancing his income enormously. He is taking an endorsement from MTN, Loya Milk, and might be from other international companies. He has a total net worth of N10 billion.
3: D’Banj- Originally named Oladapo Daniel Oyebanjo is a well-known Nigerian musician artist. He is the founder of Koko Holdings and DB records. He takes around N6-7 million for each show. He is heavily endorsed by the Telecommunication Company. Other sponsors include Chris Aire, UAC Foods, Bank of Industry, Hennessey etc. He owned approximately N2 Billion.
4: 2Baba- Innocent Ujah Idibia, a promising name in the industry. He has several professional names like 2Baba, 2face, and many others. Besides singing, writing, and recording songs he is running an NGO under the label 2Face Idibia Reach- whose main goal is to ‘Service to Humanity’. He has invested much money in stocks and real estate. He is heavily paid by Airtel and Guinness. At present, he owned a total net worth of N18 Billion
5: Davido- This young star of the music industry has earned a lot in this short interval of time. At present, he is working with SONY records. He has signed a contract with Guinness and MTN Pulse. He has made a total net worth of N20 Billion.
6: Wizkid- This big name is now the owner of SONY Records as well as the STARBOY Record label. Recently he is selected for Grammy Awards 2023. He is earning N5 Million from each show. Several premium international companies are endorsing him well like Pepsi, Glo, and MTN. He has made a whopping net worth of N20 Billion.
7: Chinedu Okoli- His work devotion to music made him famous across Africa. His stage name is Flavor. He is recording songs under the label ‘2nite Entertainment’. Nigerian Breweries Company is offering him a handsome amount of income. He has made a total net worth of N20 Billion.
8: Banky W- One of the notable Nigerian rappers, singers, and artists. He is the boss of EME records. He charged around N6.5 million for each show almost 3-4 times a week. He is the representative of Etisalat as well as the face of Samsung mobile company. He has signed a contract with Ciroc records. At present, the has a bank balance of N6.5 Billion.
9: Iyanya- This man owned a lucrative amount of N4.5 Billion from his professional career. MTN, Solo Mobile, and Zinox Computers added a lot to his income.
10: Tiwa Savage- She is the successful lady of the Nigerian musical sector. She has signed with MAVIN Records. Un doubtable her field plays a major role to make her popular. This is a list of top 10 musicians that are richest Nigerian; their net worth shows that earns a lot in 2023 and also in fore coming time.