Top ten Richest Musician in Nigeria 2018 and Net worth(2018)

Nigeria musicians are making waves this new year in the music industry and much is been said regarding their wealth.

Apart from their songs, this popular artiste not only makes cool cash from their hit tracks but also from shows,endorsement deals and investment.

We take a cursory look at the top ten richest musicians in the country today this 2018 and their net worth, taking into cognizance how these artistes got featured on this list.

      Top 10 Richest Musicians in Nigeria 2018   

                                & Net Worth

#1. Wizkid

He is undoubtedly leading as the richest musician in the country this year.Wizkid's real name is Ayodeji ibrahim balogun was recently ranked by forbes among the richest celebrities in Africa in 2017.

Wizkid is the founder and CEO of Starboy music record label.He is an award winning act who is recognized not only in nigeria but internationally.His hit songs continue to top the musical bill board chart and have recorded financial success in the musical industry.

Some the endorsement deals which wizkid signed that worth millions of Naira and helped him rack up enough wealth are:Being an ambassador pepsi,Globacom(top telecom company in Nigeria),MTN deal worth N40 million.

Wizkid has cars,mansions in various countries plus other investment businesses and assets.He charges 5million per show and has an estimated net worth of $40 million according to Forbes.

#2. Davido

Davido is the second musician musician in the country at the moment.His real name is David Adedeji Adeleke.He took the music industry by storm producing intresting songs.He has won series of award such as the mobo award and also emerging the best african act for the year,beating a field of artists,including wizkid to get the prize.

He is often called OBO, but in 2018 he is known with the popular slang "30 billion". Davido recently concluded a 30n billion show in which he saw the likes of other popular celebrities in attendance. 

Lets not forget that Davido is the son of of one of the wealthiest men in nigeria, Deji Adeleke. He also owns his own record label Which is worth billions of naira. He is presently signed with world music gaints SONY records, Known to sign best musicians in the nigeria music industry like Tiwa savage, Tekno and Wizkid.

Davido has mansions,cars and series of investment due to his background. He is also a director in his father's company. As for his shows, he charges  from N3 to N5 million per show.You hardly see him on adverts, so we can't say if he has endorsement deals. Davido's net worth in naira stands at an estimated N10 billion.

#3. Don Jazzy

Don Jazzy, is nigerian's wealthiest record producer and CEO of Mavin Records. He co-founded Mo'Hits Records in 2004 which saw the likes of superstars D'Banj, Wande coal etc excel under him.Under his new record label, he has produced a lot of songs and also talents in the nigeria music industry. Among which the likes of Tiwa savage, Korede bello, Reekado banks etc have propored under.

Don jazzy real name is Micheal Collins Ajereh. He is reported to charge about N500,000 or more to produce a song which explains how he makes his money. He has signed various endorsement deals that worth millions of naira.

Don jazzy also lives in his own mansion and has numerous cars which explains his rich life-styles. He is not yet married as of writing this post and his estimated financial worth is estimated at $35 million in dollars and about N billion Naira.

#4. Tuface

One of the best male singers in the country at the moment is tuface whose real name is Innocent Ujah Idibia. He  was part of the defunct plantashun boiz and had been the richest musician in nigeria in africa for so many years before the likes of youngest artist Davido & Wizkid was ursuped  his position.

The music legend has produced hit tracks which has sold internationally and has topped the charts.African queen still remains his best song so  far has as it is still in vogue since its released.Tubaba is married to Annie idibia and has other women outside wedlock who has children for him.

Apart from being a singer-songwriter, record producer, investment wise, he is an entrepreneur. He also has endorsement deals with top organizations in the country which runs in millions. It is rumored that tubaba charges about 2.5 million naira per show. His worth is said to at an estimated sum of $22 million.

#5. Olamide

Olamide Adedeji known by his stage name Bado or olamide is another wealthy nigerian rapper and musician and the founder and CEO of popular music record label in nigeria -YBNL Nation.As for these 2018, He is known to be the richest nigerian rapper. 

Apart from making money through his music which have  been sold over 40 million copies worldwide. He makes most of his cash from his collaboration with other musicians and his record label signees and event organization. Olamide is also a brand ambassador and a business man who has invested heavily in lagos state.

Olamide signed an endorsement deal with ciroc with 30 million naira. Other deal that he signed include being a brand ambassardor for guiness worth 80 million naira, Etisalat worth around 50 million naira which has been renewed with additional 30 million naira.

It is said that olamide networth in dollars is 6 million pounds as of 2017 but is current financial status shows that he is more than that figure.Apart from the two filling station and landed properties he has around the country, Olamide charges around 2 million naira to 4 million naira per show.

#6. Phyno

The sixth richest nigerian musician in the country is no other person than phyno. His real name Azubuike Nelson Chibuzor . He is the current second best rapper in the country who raps and sings in igbo and english language fluently.

Apart from winning series of award, Phyno has made a name for himself in the music industry as an artiste and celebrity. he is built a brand for himself through his songs which sets him apart from other rappers. Phyno rich lifestyle can be seen in his asset and his financial worth.

Just like olamide, phyno also invested his wealth into fashion, real estate, etc. It is said that the duo can't be matched in what  they do as they  have taken the entertainment market by storm by the way they perform on stage. Phyno charges about 2 to 3 million naira for shows and his networth is estimated to be 15 million pounds.

#7. P-square

Psquare are still ranked one of the richest musicians in the country this 2018 even if they split.for those who don't know about them, here is a brief profile on nigerian's most celebrated twins who took the nigerian music industry to another level since their emergence.

Peter okoye and Paul okoye are twin brothers who sang and dance together from the onset before paul decided to stop dancing and concentrate more on singing. peter on the other hand choose to do both. they produced and released their albums through square records which was managed by their elder brother, Jude Engees.

It was until recently that they both split after some internal family issues and divided their properties among themselves which led to the dissolution of Psquare to the abasement of their fans. while they were together, they signed a record deal with Akon's Konvict Muzik label.

It was said that psquare charges a whopping 8 million naira per show. there was once a time they were first on the list.They made real cash and won series of awards. Forbes ranked them 2014, 2015, and 2016 as the richest twins in africa.

Apart from singing and dancing at shows, They have other other investments which are not made public. It is rumored that both brothers have about seven cars between them, Mansions and even landed properties around the country and were worth about 40 million pounds when they were together which made these richest nigerian musicians plus other endorsement benefits.

#8. Timaya

His real name are Inetimi Alfred Odon is called by his stage name, Timaya. He is a nigerian singer and song writer and owns a record label called the south south hip hop group, Dem mama soldiers.

Timaya began his career in 2005 and he has since became one of the most respected artiste in the entertainment industry. His second album Gift and Grace was released in 2008 which sold about 10 million copies in africa. We know that he should have investments even thou it is not listed as his networth in naira is estimated at 7 billion naira.

#9. Flavour



Chinedu Okoli better known by his stage name Flavour N'abania is a nigerian singer, song writer, multi-instrumentalist and performer.

He started his musical career as a drummer for a local church in enugu state. He also is a popular musician in Nigeria. The singer is valued at an estimated net worth of 2.5 billion naira. He has many investments in the south eastern part of Nigeria.

#10. D'bang


D'banj real name is Oladapo Daniel Oyebanjo, but he is known by his stage name D'banj. He is a nigerian musician who has made wealth from his musical career and other investments. He has also signed top endorsement deals which have fetched him money in recent years.

He was formally a co-founder of MO' Hits record label with Don jazzy before their split up. As a singer-songwriter, entrepreneur and television personality, Dapo has evolved into an international act.

Although he is not as pronounced as he was before, he managed to make it to our list of richest nigerian musicians in the country for 2018. He is valued at 3 million pounds recently.