Top 20 Richest Musicians in Nigeria and Their Forbes Net Worth – (2018 Update)
We are set to give you the recently updated list of the top 20 richest musicians in Nigeria for the year 2018 and their accurate Forbes Net Worth. This list is to set the records straight and end arguments by so many people on which Nigerian musician is richer than the otherou accurate and up-to-date richest rankings of musicians in Nigeria, we at Fabinfos.com are going to be updating this post from time to time.
I know you might be wondering why we have decided to compile a top 20 ranking of the richest musicians in Nigeria this 2018. Well the reason for this list is obvious. The Nigerian entertainment industry has improved over the years and there is now a need for us to begin to rank the superstars in this industry.
In recent years top musicians have sprung up in the Nigerian music industry, we have seen new styles of music, new dance steps, new sounds originating and we have even witness unknown artists rising to the very peak all in a jiffy. All this have been made possible due to the good condition of the Nigerian music industry as people are given the opportunity to express their style freely.
Another notable improvement now is the status of Nigerian musicians as they are now seen as a profession with singers making decent cash at the end of each month.
On what parameters was this list of the 2018 top 20 richest musicians in Nigeria compiled?
I know you might be doubting the accuracy of this list of the top 20 richest musicians in Nigeria this 2018, but I must assure you that we have done a careful and bias free research toa careful and bias free research to come up with this 2018 listing. We at Fabinfos.com used the basic set parameters to decide those who made this top twenty list.
It is also going to be important for you to know that unlike the advanced nations in the world it would be difficult for anyone actually know the net worth of a musician in Nigeria. The following parameters were used by us to arrive at this list;
- Media reports
- Sales on iTunes
- Income from shows and tours
- Endorsement deals
- Artist having his/her own label or signed to a label
Lets now go fully into this list of the top 20 richest musicians in Nigeria for the year 2018. In a bid to bring you better information we are not only going to give you the list but also going to include the net worth and short bio of each of the singers on this list.
20. Patoranking: 2018 Biography and Net Worth — 400 million Naira
Patoranking takes the nunber 20 spot on this list and this exciting musician was thrown into limelight by his hit single, Girlie O. After that track he has remained consistent and many believe with his consistency in the music industry he is going to amass more wealth.
19. Yemi Alade: 2018 Biography and Net Worth — 560 Million Naira
Yemi Alade is one of the most commercial female artist in the Nigeria at the moment. She has been able to gather a net worth of around 560 million naira which is predicted to continue to rise.
18. Chidinma: 2018 Biography and Net Worth — 600 Million Naira
Taking the number 18 position on this top 20 ranking of musicians in Nigeria is Miss Kedike. This artist has a little stature is really huge in finances, having gathered a net worth of about 600 million naira.
17. Duncan Mighty: 2018 Biography and Net Worth — 700 Million Naira
Duncan Mighty hails from the oil rich Niger Delta region of Nigeria. He takes the number 17 spot on this Fabnfos list of the richest musicians in Nigeria 2018. He is reported to currently worth over 700 million naira.
16. Ice Prince: 2018 Biography and Net Worth — 820 Million Naira
Ice Prince has made a name for himself in the Nigerian music industry. His breakthrough track, Oleku became more of a street and put him on amingvthe stars in the industry. Ice Prince is reported to worth about 820 million Naira.
15. Phyno: 2018 Biography and Net Worth — 900 Million Naira
Phyno is one of the few rappers in Nigeria who raps in his dialects. The Igbo man is reported to worth close to 900 million Naira.
14. Kcee: 2018 Biography and Net Worth — 900 Million Naira
The Triple MG star, Kcee is reported to currently worth over 900 million naira. Kcee has been consistent since breaking into the Nigerian music industry and has kept releasing hit tracks to keep him relevant in the Nigerian music industry.
13. Tiwa Savage: 2018 Biography and Net Worth — 1.1 Billion Naira
Tiwa Savage is reported to worth over 1.1 billion Naira at the moment and is honoured to be the richest female musician in Nigeria at the moment.
12. M.I: 2018 Biography and Net Worth — 1.9 Billion Naira
Jude Abaga popularly known as Mr Incredible has really made waves during his early days in the Nigerian music industry. While releasing hit tracks like, Crowd Mentality, Jude Abaga also made a lot of money as he deservedly takes the number 12 spot on this Fabinfos list of the top 20 richest artist in Nigeria.
11. Timaya: 2018 Biography and Net Worth — 1.9 Billion Naira
Enetimi Alfred Odon who us popularly known by his stage name Timaya is one of the most popular musicians in the Nigerian music industry today. Timaya’s hit tracks include, Dem mama, True story and lots more.
10. Olamide: 2018 Biography and Net Worth — 2.1 Billion Naira
Oladmide “Badoo” can be regarded as the most popular rap artist in Nigeria this year 2018. Olamide has continued to release hit songs since the start of his career and makes he his money from album sales, endorsement deals and shows.
9. Banky W: 2018 Biography and Net Worth — 2.2 Billion Naira
Olubankole Wellington who is popularly known by his stage name Banky W. This musician is highly talented as he is not only know for his music but also his role in the Nigerian movie industry (He starred in the Wedding Party). Banky W is the CEO of EME records under which top musicians like Wizkid and Skales were produced.
8. Iyanya: 2018 Biography and Net Worth — 2.5 Billion Naira
The Kukere coroner recently signed a contract with top Nigerian record label, Mavin Records. Iyanya has been consistent in the Nigerian music industry since he won the 2008 MTN project fame. He is reported to worth about 2.5 Billion naira.
7. Wizkid: 2018 Biography and Net Worth — 4 Billion Naira
Wizkid broke into the Nigerian music industry with his hit single, Holla at your boi. He has since kept the momentum and gone on to release other hit tracks. He was featured last year by Drake on the track One Dance which was a worldwide hit and No. 1 on billboard.
6. Davido: 2018 Biography and Net Worth —
Davido stormed the Nigerian music industry with his hit track, Ema Da Mi duro. He is the son of a Nigerian billioniare and as also done well for himself as he takes the number 6 spot on this Fabinfos list of the top 20 musicians in Nigeria this 2018. Davido recently signed a contract with Sony music which has helped promote his brand internationally.
5. Flavour: 2018 Biography and Net Worth — 5 Billion Naira
Flavour is reported to currently worth above 5 billion naira. This rich Nigerian musician takes the number 5 spot on this top 20 list having made his money from album sales, endorsement deals and tours.
4. 2face Idibia: 2018 Biography and Net Worth —
2face has won several awards during his music career and he is one of the few veteran artist who still remains relevant in this industry today. 2Face is known for his breakthrough trac, African Queen, which helped place him on the Nigerian music industry map.
3. D’banj: 2018 Biography and Net Worth — 10 Billion Naira
The kokomaster takes the third spot on this Fabinfos list of the top 20 richest musicians in Nigeria. Though he has not had an hit track of recent he is still highly regarded in the Nigeria music industry today.
2. Don Jazzy: 2018 Biography and Net Worth — 14 Billion Naira
Don Jazzy is one of the best music producers in Nigeria and even arguable Africa at the moment. Since he began his career Don Jazzy has continued to produce good music consistently.
1. P-Square: 2018 Biography and Net Worth — 25 Billion Naira
The twin duo are correctly the richest musicians in Nigeria at the moment. Peter and Paul take the number one spot of this list having amassed a lot of wealth over their decorated career, they are reported to worth over 25 billion Naira.
There you have it on this list of the top 20 musicians in Nigeria this 2018. Before we put a close to this article lets review this list.
List of the Top 20 Richest Musicians in Nigeria for the year 2018
- Don Jazzy
- Banky W
- Tiwa Savage
- Ice Prince
- Duncan Mighty
- Yemi Slade
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