The music business is famously a very lucrative ones, but many Nigerians have no idea how truly rich some of their favourite music artists are. The top 20 richest musician in Nigeria is constantly changing, but we can already tell who is the richest artist in Nigeria in 2018. Check out this top 10 richest musician in Nigeria 2018!
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10. Olamide
Fans say Olamide is destined to become the highest paid musician in Nigeria, but right now he’s at the bottom of this top 10 list. Olamide makes money by being a successfully touring musician, as well as being the CEO of a digital TV channel and the ambassador for several famous brands. Today Olamide net worth is around ₦3.2 billion.
9. Banky W
Banky W, also known as Olubankole Wellington, achieved fame as a popular musician, but his talents and interests span beyond the music industry. Banky W never stops trying new projects and jobs, including acting, public speaking, film production, and ambassadorship for brands like Uber and Samsung. Unsurprisingly, his net worth in 2018 reached ₦3.5 billion.
8. Timaya
Timaya is one of the newcomers on the list of top ten richest musician in Nigeria 2018, but that didn’t prevent him from landing a respectable spot. In addition to giving lots of high-paying concerts, Timaya is also an ambassador for Henessy and Glo, as well as the owner of a luxurious Lekki mansion. Right now Timaya is worth ₦4 billion.
7. Paul Okoye
Up until last year Paul Okoye was 1/2 of the iconic duo Psquare, but after Paul and his brother split, Paul’s financial state was affected. As a solo musician, he cannot charge the same amount of money for a gig as he did with his brother, and, as result, his net worth has dropped to ₦5.6 billion.
6. Peter Okoye
The other half of the Psquare duo, Peter Okoye, is also doing fine after splitting from his brother and partner. This year Peter has not only gone on a solo tour, but also retained his partnerships with Kia Motors, as well as announced his own clothing line. That is why in 2018 he enjoys a net worth of ₦5.8 billion.
5. 2Baba
The musician 2Baba, who was known as 2Face until 2014, is right in the middle of our list of top 10 richest musician in Nigeria and their worth. Besides his earnings from music, 2Baba gets his income from endorsements, and real estate. This kind of hustle brought 2Baba his net worth of ₦5.9 billion.
4. D’banj
D’banj has been in the Nigerian music scene for ages, and his experience plus his musical talent made him one of the highest paid personalities in Nigeria. In addition to charging about ₦6 million for a single performance, D’banj is also a businessman and brand ambassador. The D banj net worth today is ₦6 billion.
3. Don Jazzy
Don Jazzy is one of the most respected men in the music industry, having turned from being a DJ and producer to launching his own record label. Thanks to producing iconic stars like Tiwa Savage and Korede Bello, as well as owning a variety of other businesses, the Don Jazzy net worth reached ₦7.5 billion.
2. Wizkid
Today Wizkid enjoys the perks of being Nigeria’s most successful music export of the past decade: the collaborations with international music stars, performances at huge shows, Grammy nominations, Billboard-charting singles, and a whole lot of enviable possessions. His net worth of ₦8 billion is the best proof of his success.
1. Davido
In the eternal battle of “Wizkid and Davido: who is the richest?” Davido is the winner of 2018. He may not yet have Wizkid’s international recognition, but after his hugely popular 30 Billion Tour, a number of hit singles, and music videos reaching dozens of millions of YouTube views, Davido’s ₦9 billion net worth seems perfectly justified.
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