Who are the Top 10 Richest Musicians in Nigeria 2018 and their Net Worth? (Recent list) - Manknow

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Who are the Top 10 Richest Musicians in Nigeria 2018 and their Net Worth? (Recent list)

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  Who are the Top 10 Richest Musicians in Nigeria 2018 and their Net Worth? (Recent list)


         In Nigeria today, entertainment is taking a new dimension of height. Music is growing to be one of the biggest careers in this part of the world. Music is becoming very endemic among our Nigerian youth and even adults. According to the famous Nigeria rapper, Olamide; you want to sing music in response in ycee first album.

     This paradigm shift in the entertainment industry or be specific in the music industry is indubitably enhance and promoted by Nigeria’s biggest musicians. Fortunately, they are doing it for a price and that price is the money o. These musicians have not only made their money through selling their music alone but through endorsement deals and concert performance.

 However, the list of Nigerian richest musician 2018 seems to be very ambiguous because they are no true revelation of what they really worth. We can only give you a glance or an estimate value of their net worth but their real net worth remains not divulge.    

   We shall take a closer look at some of the wealthiest musicians, their net worth, what other things like investment deals make them richer.

    The Top 10 Richest Musicians in Nigeria 2018 and their Net Worth


·        Peter Okoye- N12.7 billion

·        Paul Okoye-N12.7 billion

  Peter Okoye and Okoye the twins are the richest musicians in Nigeria. Together, they have an outstanding net worth of an estimate of $70 million. This when converted to naira is extremely high; it is an estimate of N25. 55billion.

     it is no longer news that the bond binding the twin’s relationship is now weak therefore leading to a heart touching separation. Each one of them has established a different record label and has signed in different individuals. 

 Now let imagine their separation orchestrated their combined wealth to be divided into half. Each would both get $35 million. In Naira that would be approximately N12.7 billion. Therefore, Peter Okoye and Paul Okoye would remain the richest n Nigeria’s musician even their money is separated or agglomerated.

Don Jazzy - N6.5 billion.

 His original name is Michael Collins Ajereh. He is not just a musician but a music producer, song writer and a very smart entrepreneur. He is said not to have any particular song of his own, yet he makes it as the second richest musician in Nigeria, very smart guy, right?

 He has headed and had paved the way for the growth of music label like the Mavins Records, GOOD music, Mo’Hits Records. He has put so many other musicians on the map like true musicians would. Musicians like Tiwa Savage, Reekado Banks , Korede Bello were made glitterati through the supporting hands of Don Jazzy. He has an estimate net worth of N6.5 billion.

D’banj - N5 billion

    D’banj original name is Oladapo Daniel Oyebanjo. D’banj is indubitably one of Nigeria’s pertinacious super stars. He has produced a lot of songs that is higly loved by the Nigeria citizens. Some of his biggest songs include Issa Banger, fall in love, bachelor, won da mo-Burna boy, Mr Endowed. Howerver Oliver twist is his most popular song and his biggest hit.

 D’Banj wealth does not only come his music or concert performed. He also has had myriads of endorsement deals. His first album paved the way for his first endorsement from an energy drink called power fist. He became the bank of industry (BOI) ambassador in May 2013. D’Banj resigned a multi million Naira deal with Globacom. By june 2014, D’Banj had another endorsement deal with heritage bank. In October 2014, D’Banj was named the official African ambassador for Beats by Dre and also became the official African ambassador of ciroc Nigeria in February 2015 and many more endorsement deals. He is the third person on richest Nigeria musician with a net worth of N5 billion. 

2baba -N4.5 billion

2baba original name is Innocent Ujah Idibia. It is widely known as Tuface. Undoubtedly, he is one of Nigeria’s biggest stars and is the fourth richest musician in Nigeria. African Queen is one of his greatest music hit. His other song shot include Away and Beyond, Face 2 Face, Grass 2 Grace, The Ascension, The Unstoppable, If love is a crime and so many. He is a singer, song writer and also record producer. He became an active singer at the age of 19 years in 1994 and has been active ever since in the music industry. 

Wizkid-N2.8 billion                                                                   

  Wizkid originally name as Ayodeji Ibrahim Balogun is Nigeria’s first richest musicians. Wizkid undoubtedly has an active lead not only as the richest musician in Nigeria but also as the most famous musician in Nigeria. Wizkid was recently ranked by Forbes as one of the richest celebrities in Africa. Wizkid also famously known as starboy is the CEO and founder of starboy music label record.

  His music career gained more height when he collaborated with foreign popular worldwide musicians like Drake, Treyz songz, Kendrick Lamar, Tinie Tempah, Chris Brown. This was a momentous idea which is one of the reasons behind his being here on the list of the top richest musician.

 His music career has paved the way for opportunities like the endorsements deals. He is an ambassador to glo, pepsi, Gobacom and has a deal with MTN worth millions of naira.

Davido-N2.9 billion

 Davido is a popular known musician. He is widely known as OBO baddest. , Actually his real name happens to be David Adedeji Adeleke. The N30 billion has always being his most popular sang. He has shot so many songs but some of his songs are Assurance, fire fire and many more. He is Wizkid biggest match in the music industry.

 It widely said that his father is the backbone of his wealth. He has an estimate net worth of N2.9 billion.

Flavour-N2.5 billion

 Flavour is one of the biggest and richest musicians in Nigeria known for his afro high life and sexy muscles. He is an multi instrumentalist, song writer, singer and performer. His style flags up the importance of language, as he intersperse Igbo together with English to express meanings.

    Some of his biggest albums includes Black is Beautiful, Baby oku, Shake, Ada Ada, Ikwokrikwo ,Adamma and Oyi Remix featuring Tiwa Savage, ijele- The traveler, sexy Rosey featuring p square and many more. His current net worth is N2.5 billion

 Banky W-N2.3 billion

 Banky W real name is Olunbankole Wellington widely known as Banky W. He is truly an amazing Nigerian entertainer who has raised musicians like Wizkid, Skales and ice prince to be the star they are today.

        Banky W is very famous with his unique dance moves and incredible vocal. Banky even gained more popularity when he got married to his beautiful wife, Adesua Etomi in 2017. Adesua Etomi who is an actress may be said to be the inspiring force that dras Banky W into the acting career. Some of his songs includes Yes/No, Whatchu Doing Tonight, Love u Baby. Banky W happens not only to be a superstar in music but also an actor. He was among the big force that made the wedding party become a real success. He also participated in the acting role of films like The Wedding Party 2.

 Banky W has won a lot of awards and they includes;

John Lennon song Writing Award 2006, R&B Category for “My Regrets”

Best R&B Artiste Nigerian Entertainment Awards, USA, 2006

Best International Album, Nigerian Entertainment Awards 2007 for “Mr. Capable”.

Best R&B video, Nigerian Music Video Awards 2009 for “Don’t Break My Heart”

R&B singleof the year, 2010 Hip Hop World Awards for “Strong Ting”

Best R&B Singer(Male) and Best Music Video 2010 City People Entertainment Awards.


   Olamide is arguably the most loved musician in Nigeria. He is also popularly known as Badhoo. He is not among of the top 10 richest musician in Nigeria but also the top musicians in Nigeria and one of the best rappers in Africa.

    Though his swag attributes are pretty outstanding and has made him rich and popular but he is also known for unique characteristics like his strong vocals, his exquisite sense for inventing the most popular dance moves in Nigerian even though he is not a dancer. He has invented more than just one dance move and all reverberated Nigeria. They include ‘Shaku Shaku’, ‘Shaka ti Bobo’.

 All his songs are truly a big hit and selling them had enriched him, some of his famous songs include: Melo Melo, Science Student,Wo!, Story for the gods, Lagos boys, Eni duro, Owo blow, Ilefo Illuminati, Goons Mi and many more. Science student is so popular that it now orchestrated the making of comedy videos using it beats.

 Olamide also has a lot of endorsement deals which is an additional source of his wealth. He signed a deal with Guinness as brand ambassador which worth 75+ million naira. He also has endorsement deal with 9mobile, Ciroc which of course earned him profusely. 


 Phyno is one of the top musician in Nigeria but to be precise, he is the tenth richest musician in Nigeria. His original or real name is Azubuike Nelson Chibuzor but he is popularly known as Phyno fyno or simply Phyno.

   Phyno is an indigenous rapper who uses Igbo more often to express meaning in his song. I believe this was what made him very famous, as he received much attention and support by those who appreciated the language. ‘Alabam’ which is one of his biggest hit made him an endearing figure to the Nigerian citizen. His collaboration with Olamide even made him more popular.

 Phyno fyno got a lot of endorsement deals. He got deals with companies like Bet9ja which rumors has it that his first success comes from Bet9ja. Just like Olamide, phyno is said to have invested some of his wealth in real estate business, fashion etc.


 Iyanya gained popularity immediately he emerged as the winner of project fame West Africa in 2008. Being the winner of project fame West Africa was an opportunity to gain ground in the music industry and he did it, he used that opportunity extremely well. This he did by shooting his first song, Kukere which made Nigerian to howl his name. He decided to sing his second song which was “Your Waist” which featured additional vocals. His life was already on the fast lane of success.

  He also had endorsement deals with different companies which promoted his wealth. He became an ambassador of solo phones, a mobile phone company situated at Computer Village, Ikeja. This one year of deal, reports showed he made $220 000(35 million naira). He also had deals with company like Toyota Prado, Zinox Computer and so on.


 From being a plantain boy to being an illustrious figure in the music industry and also the tenth top richest musician in Nigeria. He is recognized by his powerful vocal down to his swag appearance. Timaya knowing very well that plantain selling was a business that he won’t take him any far, he decided to go into the music career in 2005. This was a very momentuous decision to take and also the beginning of his success.

 Timaya’s success exploded when he shot Sanko which had an amazing number of views on u tube (an estimated 16 million views).  Sanko was then succeeded by his next release, ‘Bum Bum’ which Sean Paul was featured in it. It views on u tube only increased to x2 of his first released hit.

 Timaya ever since has been a mighty and prestigious musician in the entertainment. Singing paved the way to great opportunities for him like his endorsements deal with GLOBACOM, Cognac brand Hennessy which brought to him millions of naira. 

M.I Abaga

 M.I original or real name is Jude Agaba. He is a Nigerian hip hop recording artist and record producer. M.I is one of the top richest musicians in Nigeria and also one of the best rappers in Nigeria. He is the CEO of Chocolate City and founder of Loopy records. He became an active musician in Nigeria in 2004 and ever since he had stand out and gained ground in the world of entertainment.

 M.I has a lot of endorsement deals which is another source of revenue to him.  In 2013, he was approved by Nigerian Telecommunication Company, Glo mobile as a brand ambassador alongside other artiste like Omawunmi, Burna Boy etc.He was also privileged to be the judge in Glo X Factor, the Nigerian Version of the reality show also in 2013.

  M.I was not only viewed as a musician of honor in his country but also received intentional recognition. He was appointed a United Nations Goodwill ambassador in 2012. He also received world wide recognition as part of vanguard of the ‘Afrobeats’ waves.

  To add verisimilitude to his popularity and his wealth; M.I wok, ‘Illegal Music 3, The Finale’ which was released on the February 29, 2016 was made available online for free, it gathered over 400 000 downloads just in three days.

 M.I songs tiltlr include Bad Belle, MONKEY, Bullion Van, Phase 2, you rappers should fix up your lives, your father ft Dire Ailes etc.


    Kcee original name is Kingsley Chinweike Oknonwo. Kcee is one of the richest musicians in Nigeria. Kcee hit songs includes Limpopo and pull over, these songs really put Kcee on the map.             Kcee was formerly in the Hip Hop duo group called KC prsh which he later break up from. He currently now has a record deal with five star music which consist of other musicians still doing well in the music industry.

Kcee got a lot of endorsement deals which are listed below.

·         He signed a multi millionaire endorsement dael with Telecommunication company MTN *Nigeria’s Largeta Network)in 2013

·         In 2015, Kcee was appointed by Patience Jonathan aas peace ambassador of the Federal Republic of Nigeria.

·         MTN Telecommunication Company provided another opportunity to Kcee again to sign a multi millionaire deal with them.

Tiwa Savage

     Tiwa Savge is arguably the most famous female and richest musician in Nigeria, as other female musician like Yemi Alade, Asha are doing extremely well in the music world. Tiwa Savage is a very pertinacious female musician which did not allow gender factors affect her music career negatively or act as an encumbrance to her dreams and vision in life.

    Tiwa savage has always had the vision of being a singer, this can be seen from the very day she enrolled at Berklee College of Music and graduated with a degree in professional music. From that day, she knew her dream was set.

 In 2009, she wrote songs for Babyface, Kat, Deuna, Fantasi Barrino, Monica etc. When she released at debut single ‘Kele Kele Love’ it was an amazing start for her, as the song made its way to the top of several Nigerian music charts.

 Tiwa Savage also got endorsement deals. She signed an endorsement deal with MTN Nigeria which reportedly worth N30 million. She also signed endorsement deals with Pepsi, Forte oil and maggi.

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