Top of the list is Africa’s most successful singing duo Psquare. The singers are highest earning Nigerian musicians. Booking Psquare for a show definitely cost a lot as the twin charge the highest fee. Much of their money comes from booking fees, mouth watering endorsement deals, music sales and other investments. Psquare are highest grossing Nigerian artistes on YouTube. The ‘Bank Alert’ crooners own multi-million naira homes in one of the best neighbourhood in Lagos. The estimated net worth of the singing twins is put at an impressive N15 Billion Naira.
2. Don Jazzy
Don Jazzy who was a former partner with D’banj during the defunct Mo’Hits era makes number two spot. Now Don Jazzy is the CEO of the Mavin Records. Micheal Collins has had a good number of endorsement from Samsung to Johnny Walker. He has several investments and most recently his newest company Flobyt. The ace music producer is valued at an estimated net worth of N6.5 Billion Naira.
D’banj is CEO of DB records and Koko Holdings. D’banj has a multitude of endorsements from United Nations, Bank of Industry, Slot etc. The ‘Oliver Twist’ crooner has an estimated net worth of N5 Billion Naira.
2face who now prefers to be addressed as 2Baba is the most prominent of the defunct music group Plantashun Boyz. 2Baba has a music career spanning over 20 years and he has a lot of money in the bank to show for it. Aside his normal booking fees and numerous endorsements, 2Baba is a real estate investor. He owns the popular Rumours Night Club situated in Festac, Victoria Island and Ikeja. The ‘African Queen’ is valued at about estimated net worth of N4.5 Billion Naira.
Since his entry into the Nigerian music industry, Davido has always shown he has loads of money, especially when you put in mind his Nigerian billionaire father. But, asides his father’s money, Davido rakes in millions for himself monthly. He is well known for his ostentatious lifestyle, a Sony Music act as well as Wizkid. Davido’s estimated net worth is N2.9 Billion Naira.
The StarBoy Records boss, Wizkid who has been a big sensation on the Nigerian music scene cuts big checks. He is one artiste that doesn’t run short of endorsement deals, ranging from MTN, to Glo, Pepsi etc. Wizkid who is now a bona-fide Sony Music act charges heavy fees to perform at shows. His estimated net worth is N2.8 Billion Naira excluding his Sony Music deal.
Chinedu Okoli, who is popularly known as Flavour is not only Nigeria’s king of contemporary highlife music, his fame runs through Africa. He rakes in good cash performing at big events around Africa and overseas 3 – 4 times in a week all year long. He has backed many endorsement deals, one notably with NBC (Nigerian Breweries Company). The singer is valued at an estimated net worth of N2.5 Billion Naira.
8. Banky W
R&B sensation, Banky W, has a good share of the money generated in the music industry. A mentor to Wizkid, Banky is one of the longest serving brand ambassador for Samsung Africa. He is also ambassador to many multinational corporations and most importantly, co-founder of EME records. All these and many more put his total estimated net worth at N2.3 Billion Naira.