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Thursday, August 11, 2022

Top 10 Richest Nigerian Artistes In 2022 (Forbes)

It’s amazing to hear about how the Nigerian music industry have beautiful talents and those who have gained ground internationally. The success they’ve had in their career has also given them a great boost in the financial aspect through the endorsement deals they’ve signed, amount they charge per music shows and their personal investments.

Here’s a list of the Top 10 richest Nigerian Artistes in 2022 according to Forbes Rankings:

1. Wizkid ($21 Million)

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Ayo Balogun, professionally known as Wizkid is the richest Nigerian artiste according to Forbes’ 2022 Rankings. The superstar’s financial capacity gained a huge rise after signing an endorsement deal with United Bank of Africa(UBA) in 2019. The endorsement deal was said to have worth millions of dollars.

His music career started back in 2019 when he was signed into the E.M.E record label by Banky W where he released his first-ever album titled “SuperStar” which gave him the limelight.

He left later to create his own music label known as “StarBoy Entertainment”. Wizkid has gain several accolades in the music industry both locally and internationally as he won a Grammy Award for Best Music Video for “Brown Skin Girl” as a lead artist at the 63rd Grammy Award Celebration.

He has also worked with several great international artists like Drake, Beyoncé, Tinny Tempah, Chris Brown, e.t.c

He has many endorsement deals to his name such as Sony entertainment, Pepsi, Glo Nigeria, Dolce & Gabbana ( D&G) ,United Bank of Africa (UBA) etc. He  also has over 230 awards to his credit and he is also the first Afrobeat artiste to have a record in the Guinness World Records.

The “Essence” crooner, has been ratified by MTN, GLO, Guinness Nigeria, Pepsi, and other high-profile companies in the country.

Source of Wealth: Music, Investments and Endorsement deals.

2. Davido ($19 Million)

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David Adeleke, professionally known as Davido is the second on the list with a network of $19 million. He has several endorsement deals to his name from big companies such as MTN, Infinix Mobile and Guiness Nigeria.

He also performs shows both in Nigeria where he earns approximately N 10 million per performance and about $300,000 for international performance. He also gained financially from his YouTube channel where he has over 600 million views. He also gains from his Instagram account has every post he makes on his account, he is paid over $91,000.

He has worked with international musicians such as Meek Mill, Chris Brown, Popcaan, Nicki Minaj, e.t.c.

Source of Wealth: Music, Record Label, Investment & Endorsement

3. DonJazzy ($18 million)

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Michael Collins Ajereh, known professionally as Don Jazzy, is a Nigerian record producer. He is the founder and the CEO of Mavin Records which a net worth of $18 million. He is not just into music as he is also an entrepreneur.

His music career started when he was a member of the Mo Hits’ record label before the group was disbanded and he went on to create his own record label known as Mavins Records.

Apart from his music career, he has also worked and signed  contracts with big  companies such as  MTN Nigeria and Loya Milk and V-Bank.

Source of wealth: Music, Record Label, Investment & Endorsement

4. Burna Boy($17 million)

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Damini Ebunoluwa Ogulu, known professionally as Burna Boy, is a Nigerian singer. He came into the limelight in 2012 after releasing his debut studio album titled L.I.F.E.

Burna Boy’s music career has gone into a huge rise  as he has been gaining grounds both locally and internationally.

In 2020, Burna Boy released his recent music album titled Twice as Tall. He got a nomination for the album at the Grammy Music Awards for the Best Global Music Album.

Currently, he is a brand ambassador to Globacom Nigeria, Martell and Nigerian Breweries.

Source of wealth: Music, Investment & Endorsement

5. 2Face Idibia

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Innocent Ujah Idibia, professionally known as 2Face Idibia , is a Nigerian musician, singer, record producer and philanthropist.

He has several awards to his name such as the MTV Music Awards, Headies and BET Awards.  2face lives a private life, so it is a little bit hard to talk about the number of luxurious cars and houses he possesses.

He however owns two houses in Lagos, one in the US, and several relaxation lounges in Ikeja, FESTAC, and Lagos Island.

Source of wealth: Investment, Endorsement $ Music

6. P- Square ($16million)

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P-Square is a Nigerian music duo consisting of the twin brothers Peter Okoye and Paul Okoye.

Their popular single “Senorita” was P-first square’s hit song and it was followed by several other hit songs that gave them more limelight both locally and internationally.

When it comes to successful music business  “Peter & Paul Okoye” cannot be pushed aside . They were both born in Jos on November 18, 1981.

Source of wealth: Music,  Investment & Endorsement

7. Olamide ($12 million)

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Olamide Gbenga Adedeji, is a Nigerian rapper and singer. He is one of the biggest and most influential artistes in Africa.

With a net worth of $12 million, a record label (YBNL), awards for Best Indigenous Artiste, and more, he is one of the richest artistes in Nigeria.

He is also the founder of the YBNL Nation record label.

Source of wealth: Music, Record Label, Investment & Endorsement

8. D’Banj($12 million)

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Oladapo Daniel Oyebanjo, popularly known by his stage name D’banj, is a Nigerian singer, rapper, businessman. He has a net worth of $12 million.
Source of wealth: Music, Investment & Endorsement

9. Phyno( $10.5 million)

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Chibuzor Nelson Azubuike, professionally known as Phyno, is a Nigerian rapper with a net worth of $10 million.

Source of wealth: Music, Investment & Endorsement

10. Timaya($8.5 million)

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Inetimi Timaya Odon, professionally known by as Timaya, is a Nigerian singer and songwriter. He is the founder of DM Records Limited record label. He has several honors and nominations, including four Headies Awards, two AFRIMMA Awards, one Nigeria Music Award, and an NEA Award.

Source of wealth: Music, Investment & Endorsement.

 

Ireoluwa Orija
Ireoluwa Orija
Ireoluwa is a graduate of Human Anatomy. He is a writer, poet and a content creator.

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