We cannot conclusively pop out a list of richest artistes in Nigeria but we can confidently say that this list is pretty close. New deals happen every day, some artistes lose endorsements, some lose properties, some never disclose how much they’re really worth, making it difficult for a correct list to be compiled. But if you want to have an idea of Nigeria’s richest artistes, then read on.
Peter and Paul Okoye have been in the frontline of entertainment in Africa. The star singers popularly known as P Square have been dominant Globacom ambassadors and their (N180 M deals have been a subject of envy among colleagues. They’ve invested into real estate and manufacturing.
2Face is arguably the richest solo-artiste in Nigeria, The multi-platinum former lead vocalist is worth about N600 million (US$3.47 million), and endorsements from firms like Guinness and Airtel, and has also made heavy investments in real estate and stocks.
In October 2014, D’banj signed a lucrative endorsement deal with Apple/Beats ByDre. The amount of his deal is undisclosed but should be nothing less than N80 million. D’Banj’s Globacom deal is close to N100 million according to findings. He also became ambassador for Cîroc drink in Nigeria along with Banky W. He’s a World Bank Ambassador and a manufacturing investor.
Don Jazzy has become the face of hip-hop music in Nigeria, even making Forbes’ List as one of the richest artistes in Nigeria. The CEO of Mavin Records isn’t only making money from his star-studded record label, he also has very lucrative endorsement deals including one with Loya Milk where he got nothing less than N50 million. His N25 million deal with MTN has been renewed upwardly. He’s shrewd businessman. Isn’t he?
According to reports, Ayo Balogun is the richest “Endorsement” artiste in Nigeria.With Globacom having to pay around N120M to have him port to their side.Wizkidsure knows that money makes things work. He has spent 3 years with Soda giants ‘Pepsi.’
Except that this list is looking at self-made career money, Davido should’ve been the first on the list considering that he has a billionaire father; he may not rely on endorsement deals except for a status symbol. But the Aye crooner has deals with MTN Pulse and Guinness Nigeria. He’s indeed a rich kid who likes to flaunt his money.
Bankole Wellington is the CEO of EME Music Record Label. The R & B Singer smiled to the bank(s) with his whopping N100 million endorsement deal with Samsung Mobile as well as his endorsement with MTN and his around N3 Million per any show he’s been booked to perform.
Iyanya has a N60 million MTN deal. He has a $350,000 endorsement deal with Zinox Computers and a N35 million deal with a phone manufacturing company, Solo Mobile, and we are still investigating into how much his deal with YUDALA truly cost.
The singing bird and mother of one is said to own a N75 million naira home in Lekki, Lagos and has an MTN deal worth N50 million. She also has deals with Maggi, Forte Oil and the biggest of them, Pepsi.
The first lady of Mavin Records is said to be the richest female artiste in Nigeria.