Music, no doubt is among the highest paying careers in Nigeria, including Politics and Sports. This is one reason why a good number of Nigerian youths see music as a fast track to riches.
Several successful artistes in Nigeria rose from zero to hero and are now enjoying wealth unimaginable just by doing what they know best – singing. In music, popularity or fame is determined by the number of followers an artiste has, the number of downloads his songs has, the frequency of shows he performs at and the number of endorsements he gets.
All these may or may not translate into wealth, thus, the list of the wealthiest Nigerian musicians is mainly determined by their total value of assets, minus total liabilities (Net worth). Here are the top 20 richest Nigerian musicians and their estimated net worth in Naira.
Net Worth: N400 Million
This Lagos based Nigerian hip hop rap artiste, Olamide, was born on 15 March 1989 and records mostly in his native tongue, Yoruba. He released his debut studio album Rapsodi in 2011, and in 2013, Olamide became the first Nigerian to sign an endorsement deal with Ciroc. Olamide has built a fortune for himself. His song “Eleda Mi” has 1.2 million YouTube views. He is believed to be the mastermind behind the rise of Shoki and his current net worth is N400,000,000.
Net Worth: N400 Million
Born as Patrick Nnaemeka Okorie, Patoranking is one of Nigerian’s finest reggae-dancehall artiste. In 2010, he signed a record deal with K-Solo’s Records and released “Up in D Club,” since then he has been making a good name for himself in the music industry. His number one song Girlie O featuring Tiwa Savage has made over 3.5 million views on YouTube and that has contributed to him earning enough money to be ranked as the 20th richest musician in Nigeria.
Read also: 10 Best Nigerian Yoruba Movies You Must See
18. Yemi Alade
Net Worth: N572 Million
Yemi Eberechi Alade came into limelight after winning the maiden edition of the Peak Talent Show in 2009, she later released her first single “Fimisile” under the Jus’ Kiddin’ label. She is best known for her hit single Johnny.
Johnny” became an international smash hit as the single dominated the top of music charts and became an anthem in countries like Tanzania, Kenya, Ghana, South Africa, Liberia, Uganda, Zimbabwe, The United Kingdom just to name a few
See also: Top 10 Famous Nigerian Musicians
17. Duncan Mighty
Net Worth: N700 Million
The music of the Rivers born singer and producer known as Duncan Mighty, is heavily influenced by the sounds and culture of his people, as most of his songs are sung in his native Ikwerre tongue. Duncan performs in most government functions and is regarded as one of the most successful artistes from the Niger Delta. His most popular songs on YouTube are “Port Harcourt Boy” and “Obianuju”. Both has collective views of 3.1 million.
16. Chidinma Ekile
Net Worth: N820 Million
Miss Kedike popularly known as Chidinma rose to stardom after winning the third season of MTN Project Fame West Africa. Following the release of her music video”Emi Ni Baller“, she became the first female musician to peak at number 1 on the MTV Base Official Naija Top 10 chart. Her video “Kedike” has 1.2 million views on YouTube while “Oh Baby” featuring Flavour has 600,000 views.
Net Worth: N900 Million
Phyno started his musical career as a producer in 2003, and is known for rapping in Igbo language. Phyno is a living genius and a hard-core rapper, he is hot in the market, no wonder every musician wants his collaboration. Phyno’s net worth is roughly N900,000,000.
14. Ice Prince
Net Worth: N970 Million
Ice Prince, born as Panshak Zamani, rose to fame after releasing Oleku, one of Nigeria’s most remixed songs of all time. He won the 2009 Hennessy Artistry Club Tour. The Chocolate City rap artist has won other achievement awards including one BET Award, The Headies Awards, Nigeria Entertainment Awards and two Channel O Music Video Awards. His most popular song Oleku has 3.1 million views on YouTube.
Net Worth: N983 Million
Formerly a member of the KC Presh, one time winners of Star Quest Reality Tv Show, KCee is one of the most successful musicians in the industry. His hit songs “Pull Over” and “Limpopo” has made over 14 million views on YouTube. KCee is worth about N983,000,000.
Net Worth: N995 Million
Born as Enetimi Alfred Odon, Timaya is the founder of South South hip hop group Dem Mama Soldiers. His solo career began in 2006 with the release of “Dem Mama“, which also appeared on his debut album, True Story.
Timaya’s vocal power is unmatched in the industry. The Egberi Papa 1 of Bayelsa once won the hearts of his fans talking about how he sold plantain on the streets. Timaya has risen from a plantain hawker to one of the richest Musicians in Nigeria.
Net Worth: N998 Million
The Artist and Music Executive of Chocolate City, Jude Abaga, popularly known as M.I, is a revolutionary Nigerian hip hop rapper. He rose to fame in 2006 when his song “Crowd Mentality” became popular in his hometown, Jos.
Since then, he has won several awards. MI has made a name for himself in the industry. MI is credited with the success of people like Ice Prince Zamani, and he is the 11th richest Musician in Nigeria with a net worth of N998,000,000.
See Also: Top 10 Nigerian Hip Hop Songs
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