Aug 312013

The Richest Nigerian musicians and their net worth is something everyone talks about nowadays. Nigerian artistes are truly smiling to the bank with a lot of endorsements deals and rich companies clamoring for their signature.  Don Jazzy and D’prince have been unveiled as new MTN ambassadors while Burna Boy has been unveiled as the lastest Globacom telecommunication Ambassador. I must say it is a big achievement for Burna Boy seeing he is quite fresh to the Nigerian music scene. Some will say money is not everything, but it is hard to denial that money is powerful. The reason we all go to work is so we can at least make some money – I mean some serious money. Nigerian artiste 9ice once said in street credibility ‘’Omo na turn by turn, pray papa God make e reach your turn’’.

As a follow up of the article we wrote some months ago about the Richest musicians in Nigerian. Here is an update of the summary of the richest Nigerian musicians and their net worth. This time we have added a few new names to make the survey as broad as possible.

1) Psquare

psquare Richest nigerian musicians1

PSquare is certainly up there as one of Nigeria’s richest musicians.  There is absolutely no stopping them.  Micheal Jackson’s brother- Jermaine Jackson- recently paid respect to Psquare calling them a versatile group. In January 2013, Psquare purchased a Multi-Million naira home in the US , in the city of San Francisco. The house is estimated to be worth over N434 million Naira. (N434, 000,000)

The bulk of Psquare’s earnings comes from  concerts, especially in Africa. The duo has sold above 14 million copies of their CDs since 2005. They won the KORA award for Best Africa Artiste  in 2010 and the award came with mouth-watering  $1m (N150m). Shortly after, the duo got an endorsement deal with Globacom telecommunications worth about N240m for four years. The group owns Rayfield Hotel in Jos, and two multi-million naira factories in the same city, where they built a multimillion naira bakery and sachet water companies for their dad and mum, among other investments.  They are said to charge over N3m per show.

P-Square has two Sequioa Sports Utility Vans (SUVs), one hummer SUV, truck bus, Toyota Altima among other automobiles. In December 2011 the duo were signed to Akon Konvict music in a multi-million Naira deal. Psquare also  has  landed properties in Jos, Port Harcourt and a N400 million naira house in Lagos.. There is no doubt that the psqaure are in the millionaires club. In 2012 the duo bought an airbus private Jet .

2)  Dbanj

d'banj richest nigerian musician

Dapo Daniel Oyebanjo (popularly known as D’banj, born June 9, 1980), is a singer-songwriter, an harmonica player and a businessman.  He is popularly known as  the Koko Master and the Eja nla of Africa. He is definitely one of Nigeria’s richest musicians, an astute and  a shrewd business man.  D’Banj once said, “I work hard so that  awards, endorsements, bookings and kokolets can chase me.”  Without reservations, D’banj has a knack for making money. Apart from his music, He owns KoKo water, Koko Garri, Koko Mansion and Koko Lounge – a luxurious bar in Lagos and the united kingdom. He launched Koko Mobile making him the first Nigerian artiste to do so. He is now also planning to launch Koko mattress and Koko condoms.

The bulk of Dbanj’s  earnings comes from endorsements deals. He has a multimillion naira deal  with Chris Aire, as the face of his watches and another one with UAC Foods. His endorsement deal with Globacom telecommunications cost N70m. In 2013 D’banj was unveiled as the headliner for Hennessy 2013. He collects  between $80,000 to $150,000 for African shows and  £40,000 to £60,000 for UK shows; and $50,000 to $60,000 for American shows. He also has a lucrative deal with Power Fist energy drink, and a deal with the makers of Virgin Colour soft drink.

D’banj drives a 32 million naira Aston Martin Vantage. His latest album ‘D kings Men‘  was launched in June 2013 at  the Eko Hotel & Suites, Victoria Island, Lagos.

3) 2 face  Idibia

2face-idibia richest nigerian musician

2face is  certainly one of Nigeria’s most popular hip hop artiste. He became famous after the release of his monster song ”African Queen”.  His debut album Face 2 face (2004) established Mr. Idibia as a viable solo artist. He is speculated to be worth over 550 million naira and has had endorsement deals with brands like Guinness, which earned him N20m and Airtel, which earned him N22m this year.

2face charges between N4m and N5m per show  and has established an NGO called 2Face Idibia Reach-Out Foundation. The motto of the Foundation is service to humanity. 2face is  an easy-going guy whose down-to-earth nature has won in millions of fans. He was also said to have earned N30m from the producers of Phat Girls movie.

2face has investments in real estate and stocks, where he earns big bucks.

4) Banky  W

banky w richest nigerian musician

Banky W is one of  sexiest  and richest Nigerian musicians. He is a prolific Nigerian singer  song-writer and King of R & B  in Nigeria. He was one of the first Nigerian artiste to believe in Wizkid’s ability and potential. He is also called Mr Capable. Most of his earnings comes from endorsements and from gigs. As the CEO of EME records  he charges between N2.5m and N3m per show and performs three to four times in a week according to recent reports. He is a brand ambassador of Estisalat, one of Nigeria’s telecommunications giants, and an ambassador for Samsung Mobile for the West African Region.

Banky is not only an R& B Star, he is also an entrepreneur and has invested heavily in businesses that are fetching him cool cash. As a philanthropist, he founded the Mr. Capable Foundation, where he provides tuition fees for indigent and brilliant students. Besides selling millions of records, he has also been extremely successful in many Corporate Marketing Campaigns. A previous ambassador for the Hennessy Artistry Project. Mr. W is also an accomplished Master of Ceremonies

Banky W has won several music awards.

5)  Wizkid

wizkid rich nigerian musician

Wizkid is the certainly the wonder boy of Nigerian music. He started as a Kid and many folks thought he was too young to make it in the Nigerian music industry. He kicked off his singing career as early as 11 when he recorded his first song with one of Nigeria’s celebrated music icons, OJB Jezreel. Today wizkid is known as the pop Prince of Africa.

Ayodeji Ibrahim Balogun (born July 16, 1990) better known as Wizkid, Star Boy,  and Wizzy is a Nigerian recording artist, songwriter, and performer who fame is well deserved. He now floats his own label called Star boy Records.  He charges 5 million Naira per show and won the BET 2012 Best African International Act Award.

He toured London in 2012 and performed at the HMV Apollo on June 4, 2012 in London, England.On November 12, 2012, Wizkid performed at the BBC 1xtra Live 02 Academy in Brixton alongside Trey Songz, Tulisa, Kendrick Lamar, and Angel. In 2013 wizkid performed at the Summer’s Yahoo Wireless Festival 2013 in London.

Wizkid drives a N15million Porsche Panamera

6) Don Jazzy

Don-jazzy richest nigerian musician

Don Jazzy is the CEO of MAVIN records which he founded in May 2012 after his split up with childhood friend and Mo’Hits partner, D’banj. He and D’banj performed together for the first time after the split in D’banj sister’s wedding some weeks ago. Don Jazzy is not only a music producer and song writer, he is also a multi-award winning musician and an enterpreneur.  Don Jazzy still has his deal with Kanye’s G.O.O.D Music, even though he and D’Banj have parted ways. In August 2013 he became an MTN ambassador signing a lucrative deal together with his brother D’prince.

On Friday 30th November 2012, Don Jazzy was announced as a ambassador for Loya Milk. Apart from Loya milk, Don Jazzy is also the Brand Ambassador for Samsung. He recently was rated as the 36th. “Most powerful celebrity in Africa” according to Forbes. He is one of the richest musicians in Nigeria.

Don Jazzy has a black Cadillac Escalade worth N12,000,000 with his name on the number plate; he has a black Bentley Continental Flying Spur worth N29,600,000, and he owns a black Range Rover Sports worth N9,600,000, and drives a Porsche 911 Carrera worth N13,440,000.

7) Davido


David Adeleke aka Davido is the son of a multimillionaire. His name and brand has grown really fast in the last few months. The Skelewu crooner has a  N140 Million house in Lekki, Nigeria. He rocks a luxurious Necklace from Ice Box Jewelers. The necklace is called ”Jesus Piece” and is worth over $20,000. It is the same necklace worn by Kanye West, Jay Z,  D’banj and so on.  Davido also rocks a diamond-encrusted ROLEX wrist watch worth over $25,000 dollars.

Davido owns a 2012 Audi Q7, a 2012 Silver Honda Accord, a N6m Chevrolet Camaro and  a 2012 model Hyundai Sonata which he received from The Headies awards for winning the ‘Next Rated’ prize. These automobiles run into millions of naira. In July 2013 Davido added another luxurious automobile to his collection of cars – a Mercedes G55 AMG worth about N30m.

8) Timaya


Timaya (born November 29, 1977) needs to be added to this list of the richest Nigerian musicians. As a Nigerian artiste and songwriter he has managed to stay relevant in the Nigerian music industry. He is popularly called a dance hall artiste. Timaya also known as the Egberi Papa 1 (the peoples town crier) of Bayelsa is known for his music that constantly references the role of God in overcoming poverty, hardship and difficult circumstances.  Timaya used to be a plantain seller, but today his story has changed.  He remains an example to everyone going through difficult times that ‘No condition is permanent’. You can change your story if you believe you can.

Timaya has sold over 30million records and is a UN ambassador.  His recent single, Mind over matter with D banj went viral the first hour it was released. Timaya  owes  and drives a Range Rover and Escalade Truck in Lagos while his home in Port Harcourt, Rivers State boasts a 2010 Camry and another Range Rover. Last year He added a Bentley Continental GT Coupe to his fleet. He bought the car for a whopping $205, 000 (about N31m)

Timaya is now building a multi-million naira home for his mother in Benin city. Timaya’s latest hits include ”Sexy Ladies” and ”Ekoloma Demba’‘.



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