Nigerian musicians are among some of the world richest musicians around the globe. Some of them like Davido, Wizkid are known for buying some of their extravagance items in cash whether in Naira, Dollar or Pounds. Besides the Music Industry in Nigeria is so profitable that making a monster hit can easily through you into a millionaire status if you weren’t already one. That tells why some of our music stars showcase their affluence on social media.
Do you wonder how much much your favourite Nigerian musician is worth? Then you are reading just the right article, as we will outline the top 10 richest musicians in Nigeria and their estimated net worth in Naira. The figures of their net worth are drawn from cumulative wealth, gig fee, endorsements and probable investments by these artists in the past 12 months.
Below is the ranking of Nigerian music stars according to their net worth.
10. Banky W
On the 10th spot is Mr. Olubankole Wellington widely known by his stage name Banky W. The R&B singer is a top Nigerian artiste who commands both influence and the money too. Last year the EME boss declared his interest to run for the office of the Member House of Representatives for Eti-Osa Federal Constituency. He did run and came 1st runner up on the platform of a relatively unknown party. Before the politics, Banky W has huge brand influencer and ambassador for multinational companies like Samsung, Uber, etc with benefits running in millions. He is happily married and has other interest in acting, film production, event host, and public speaking. His estimated net worth is put to be around N1.5 billion.
Contemporary highlife king Flavour takes the next slot right after Banky W. The ‘Ada Ada’ crooner is a big toast in Eastern Nigeria where he hails from. 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 N3.7 billion.
Nigerian dancehall star Enitimi Alfred Odom better know as Timaya takes the number 8 position in our ranking. The DM Records boss tries to keep a low profile but he is very much as far as entertainment in Nigeria is concerned. 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 TeleCo 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 N5 billion.
7. Rudeboy (Paul Okoye)
Paul Okoye aka 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 brother and kills the shows notwithstanding. His estimated net worth valued at about N5.8 billion.