The entertainment industry has grown very big in recent times. Gone are the days when Nigerian actors and actresses beg people to support their show or album. Nowadays once an actor has fame and recognition. He will be swimming in a pool of money. The music industry is unarguably the wealthiest sector in this century with an estimated valuation of $50 billion dollars.
Recently an Afro-American musician Akon said that most Nigerian musicians are richer than many American rappers. Thus, he encouraged his Afro American counterparts to tap from the growing Nigeria music industry. It is no longer news that most Nigerian musicians are seen spending lavishly in Europe and America during their music tours in those continents.
At infotweaks.com we carefully select the top 10 richest musicians so far in 2019 based on some of their investment, reputation and worth. We count down from the last to the 1st on the chart.
This 32-years-old musician is from Umunze in Orumba South LGA, Anambra State. Popularly known by his stage name ”flavour” is a Nigerian musician. His real name Chinedu Okoli. He started his music career in Enugu state in the Eastern part of Nigeria. Where he plays as a keyboardist and guitarist in popular hotels and bars. The major one of them is Villa Toscana in independence layout. Flavour has toured around Africa, Europe and America for shows and promotions of his albums.
His major hit track came early 2000 titled ”Nwa-baby” his first album N’abania. from where his nickname came from. Also, another hit track Ada Ada. The later is apparently the custom hit for marriage ceremonies in the eastern part of the country. Flavour is a brand ambassador of flat tummy tea (weight loss company), Bullet drink and Nigeria telecommunication giant MTN.
List of Major Endorsements
Globacom Nigeria – In the year 2013 Glo named Flavour along with Omawumi, Waje, Bez & Lynxxx as their new set of ambassadors. for Glo’s Portability campaign. The endorsement deal was estimated at around 170 million naira. Flavour still remained signed to the company as their ambassador.
Harp Breweries – in 2014 Harp beer unveiled Flavour as for their brand ambassador. For the new look of Harp Lager Beer. The endorsement deal is estimated at around ₦ 50 million naira.
Onga Spices – In 2014 Flavour N’abania joined Kate Henshaw. A deal for the face of Onga spice. Thus another million naira endorsement deal.
Flavour other sources of income include iTunes, Social media like YouTube channel and royalties from radio and TV stations. In 2012, Flavour opened his nightclub in Enugu. It is known as ‘2nite club’. It has modern clubbing facilities, Flavour makes a good amount of profit from his 2nite nightclub business. Flavour N’abania is definitely among the richest musician in Nigeria. He is estimated to total net worth of $29. million.
His recent album titled “uplifted” is one of the best to come from him with an estimated 2 million sales. he is most sought out high life crooner hip-hop musician in Nigeria. Flavour charges between 4.3 – 5.3 million per show and around 9 million for international shows.
Popularly called Olamide Baddo or BaddoSneh as his stage name. His real name is Olamide Adedeji is born 15 March 1989. He is a Nigerian hip-hop rap artiste. He is known to always use his local dialects (Yoruba) in most of his raps. He attended his primary and secondary school in Lagos state. He studied mass communication at Tail Solarin College of education.
Olamide is known to have supported the growth of many music stars from his early record label YBNL. Some of the numerous stars with him then were Lil Kesh, Chikun, Mayorkun and Adekunle gold. Olamide story has been a story of grace “from grass to grass”. He is also known as an artist that supports the growth of younger artists. He is believed to be among the rise of superstar phyno.
Olamide has signed numerous deal worth running into millions of naira. Such include the deal with Ciroc, sterling bank as well as ambassador to Globalcom and Etisalat telecom. Among other numerous multi-million naira deals. Olamide charges around 7million naira for local shows and 10 million naira for foreign shows. He has travelled around the globe for most of his musical concert.
Olamide has won numerous awards which includes headies, city people entertainment award, MTV award, best rapper of the year etc. Olamide net worth is around $32 million. Thus his human capital investments on young and upcoming artists speak volume.
8. Banky W.
He is a definition of Nigeria music class. Popularly known as “Banky W” or Mr Capable. His real name is Olubankole Wellington. He is well known in the music industry by his hit track song “strong thing”. He was born in the United States Of America in the year 1981. his parents moved back to Nigeria when he was 5 years old. He joined the choir as a small boy due to his passion for music. Started his early school primary education at Lagos state and later went back to the states to study industrial engineering at Rensselaer Polytechnic Institute New York on scholarship.
He started his first music label “EME” in the year 2002 and signed notable artistes like shaydee, skales and wizkid at that time. The record label “EME” was later dissolved in February 2018 and rebranded as an advertising and marketing company. His first clients where notable artists like Ebuka Uchendu, His wife Adesua, Iyanya etc.
Banky W. is has signed many popular deals which includes brand ambassador of 9mobile Telecomms, Ciroc and Vodka. He is a lover of politics. in the year 2019, he contested as the candidate representing Lagos state constituency under the Modern Democratic Party formed in the year 2017. He lost to the candidate of All Progressive Party after the 2019 general election. He is happily married to an actress Adesua Etomi. His net worth is believed to be around $35 million.
He hails from Odi, Bayelsa state. His Real name is Entimi Alfred Odom was born in the year 15th August 1980. He is well known by his stage name Egberi Papa 1 of Bayelsa, Dem mama soldiers. He is a songwriter and producer. His solo music career started in the year 2005 when he released his first album. His genre of music is reggae, dancehall, soca, hip-hop and Afro hip-hop.
He has signed numerous deals and endorsement worth about $204 thousand dollars. Such includes companies including Globalcom and Vodka. Among the ones, he was endorsed alongside with flavour and Tiwa Savage.
He is fond of splashing his expensive toys on the camera. Displaying his expensive lifestyle too. Timaya charges around ₦15.6 million naira per show in Nigeria and ₦22.3 million per show abroad. He is believed to be worth around $56 million.
6. 2Baba Idibia
Well Known as a record producer, songwriter, and Nigerian RnB and Hip-hop artiste. with the stage name 2Baba or tuface. He was born in Jos, Plateau state on 18th September 1975 and he completed his secondary education in Markudi. He attended an institute of management and technology Enugu. During then he sings at GB Fan club at Enugu state broadcasting service ESBS. Thus that prompted him to change his name to 2face idibia as carrying both his personal and business life together.
He moved to Lagos and met face and black face. they formed the plantation boys. They had successful music careers before spilt. Tuface has major endorsements from big brands and multi-million naira companies among whom are National Agency for Food and Drug Administration and Control big federal parastatals. Globalcom, MTN etc.
He charges close to ₦20 million per show. His estimated worth is around $56.9.
5. P Square
First twins in the Nigeria entertainment industry. The duo Peter and Paul Okoye were born on November 1981(37 years old). Their genre of music is RnB. The started their music career when they were in st Mulumba Catholic church primary school in Jos, Plateau state. They were fond of mimicking the musical and hip hop stars like Bobby Brown, Micheal Jackson and MC Hammer. They produced their album through their music deal get-Squared records.
They returned to school in 1999 to develop their music skills on guitar, keyboard and bass. They later gained admission to study business administration at the University of Abuja, Nigeria.
P Square have featured notable American artists in their music videos. some include Akon, Ginuwine, Sean Paul, Rick Ross etc. They were signed to multi-million deal Akon music label Konvict Music in May 2012. Among others is also Universal Music Label South African branch. They were signed to Globalcomm music label and help them to a TV Show called talent hunt. The deal is believed to be worth millions of dollars.
Peter Okoye got married to his longtime girlfriend Titilola Loretta Omotayo and Paul Okoye got married to his school mate Anita Isama in his days at the University of Abuja student. They are all blessed with Kids. Their traditional marriage at their Lekki residence featured many of Nigerian Prominent Figures like Aliko Dangote, Folorunsho Alakija, Genevieve Nnaji, Kate Henshaw, Emmanuel Adebayo, Dr Sid, Don Jazzy etc.
Peter and Paul Okoye is the only Nigerian Music star to have built a house on the Banana Island in Lagos. The costliest land in Nigeria. Their building is estimated to worth at least $6million dollars. Their net worth is around $75 million.
4. Yemi Alade and Tiwa Savage
On the left, her real name is Yemi Eberechi Alade. She was born on March 13, 1989 in Aba, Abia state Nigeria. Her parents are of two different tribes. Father (James Alade) for police commissioner was a Yoruba man from Ondo state while her mother (Uzoma Helen) an Igbo woman. She obtained her first school leaving certificate from the British primary school before she proceeded to Victory Grammer school Lagos state, where she obtained her WAEC/SSCE. She was a graduate of geography department University of Lagos (UNILAG).
Yemi Alade is a star to reckon with in the Nigeria Music industry. Her music label is Effyzie Music. She was portrayed into the limelight with her hit single “Johnny”. She has numerous awards given to her. She has signed multi-million deals with many big companies both nationally and internationally. In Nigeria, the majority of them is Globacom Nigeria, Etisalat, Bullet etc. She has featured many artists in her music including Rick Ross, Davido, Phyno, Olamide etc. Her estimated worth is $75.8 million.
On the right, her real name is Tiwatope Savage. She was born in Ikeja, the Lagos state of Nigeria on the 5th of February 1980. Her family moved to London when she was 11 years old. She joined orchestra music class at a very young age. Graduated with a B.sc degree in Business Administration from the prestigious University of Kent, UK.
She has been a backup artist to many famous musicians like Mary J Blige etc. She has performed on the same stage with 50 cents, Eminem, Black eye pea etc. She was signed into Marvin records in the year 2012 and left 2019 after she signed for Universal Group A multi-million national music group. She has signed many multi-million naira deals. Her net worth is $75.8 million.
3. Don Jazzy
Well known by his