The Nigerian music industry is becoming more popular than the oil
and banking industries and this is actually because it pays extremely
well and a lot of stars in the industry are living life large. The
cash flow comes from various endorsement deals with well established
firms who buy the image rights of these stars, appearance in concerts
and live shows, youtube partnerships, sponsorship deals.
We've gathered a list of top 20 Nigerian artistes and their worth.
1)P-Square: Shekini! Collabo! Chop my money! Personally! These are the
bad guys of African hip-hop. The twin brothers, Peter and Paul Okoye
still remain unshakeable and unfadable. Apart from Akon, they come
second as the most popular African hip hop stars ever. Forget Brenda
Fassy, Lagbaja, Oliver de couqe and even Lucky Dube. Among the top 10
African songs ever, P-square alone has 5 songs on the list! You get
what I mean?.
As at early 2016 their combined networth was in excess of $100
million (approx. $130m), combined with high profile estates in Nigeria
and USA suspected to be worth over $10m. Not just that, they are
reputed to be the most expensive artistes for hire, with an average of
$100,000 bucks pocketed after every show. Their albums are produced
under the label -square records.
2)Don-jazzy: well talented R&B singer, producer, Label owner and boss,
Don jazzy, full name- Michael Collins Ajereh, an Abia State indigene,
is the current CEO of the popular Marvin records. Forbes puts his net
worth at $35 million plus. And he is a popular image driving around in
his custom painted Bentley(worth about $200,000). His cash flow is
sourced mainly from his exploits and diversity on the beats. He's a
graduate of Business management.
3)Flavour: Full name- Chinedu Izuchukwu Okoli, is a young and talented
Igbo high life singer, and probably the hottest R&B singer in Nigeria.
Flavour retained his 2015 position on the chart this year as the third
richest Nigerian artiste with an estimated net worth of $28.5million.
Main source of wealth: music. Plays almost every kind of instrument
and is a wonderful soloist when playing and singing. The Enugu born
star who won the MTV African Music Awards Live Act award pockets an
average 5million naira per show internationally and locally, and
performs almost 70 shows per year.
4)D'Banj: The koko master. Arguably the best music star Africa has
ever produced. Popular for the club banging single- Oliver Twist which
he did with Don Jazzy, He is worth $25million.
5)Tuface Idibia: Still one of the best and longest serving in Nigerian
music. Tuface aka Tu Baba, popular with his evergreen hit
single-Afrcan queen. His estimated net worth of $22million dollars
makes him the fifth richest Nigerian artiste. And he is currently
involved in endorsement deals with GLO, PEPSI.
6)Inyanya: Became a superstar with his single "kukere" ( a hit with
a unique dance step) which till date has raked in 15million youtube
views. He's on the list with a net worth of roughly $13million.
8)Wizkid: A.K.A weezy, starboy, one of the youngest to come onboard
the Nigerian music stage. Balogun tasted fame with his single- holla
at your boy.Since then he has gone to create two albums and many
singles including -Bombay. He's worth $11million now.
9)Banky W: Banky Wellington. Full name- Olubankole Wellington, the US
born Nigeria moved into Nigeria with his parents at the age of five.
While working for his engineering in a polytechnic in upstate New
York, he won the "Albany idol" which brought him up to limelight. His
first record label was Empire Mates Entertainment. And most of his
songs were released under the label. He the 9th richest with an
estimated net worth of $9.0million.
10)Timaya: Enetimi Alfred Odon, also known as Egberi Papa 1 of Bayelsa
is a talented Ragga,and Afro beats singer. Popular for his 2015 hit
with Don jazzy-Concur, he's the founder of the hip hop group, Dem Mama
soldiers. He gained international visibility with his his third
album-De Rebirth. He's on the list with a networth of $5.5million.
Thanks to his "muscular voice" which is unparalleled.
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