Apart from the Oil sector, the Nigerian music and entertainment industry is one of the best things that has happened in Nigeria. Making it the most viable sector of the country’s economy.

We look at the top five richest Nigerian Singers/Artists as of 2019:

5. 2Baba – Net worth: $16.3 million

Legendary Innocent Ujah Idibia, popularly known as 2Baba or 2face. Estimated by Forbes to own assets worth to over $16.3 million (₦5.9Billion). With over 20 active years in the industry, it is no surprise that he makes the list.

4. D’Banj – Net worth: $16.6 million

While at the moment D’Banj’s music is not his best selling product; his business and branding acumen are as strong as ever. Endorser of top brands, besides his brainchild CREAM Platform grossed over US$100 million. Banj’s net worth is currently estimated by Forbes to be around $16.6 million (₦6 Billion).

D’Banj receives ₦6 million per show. It could even get higher than that, depending on several other factors.

3. Don Jazzy – Net Worth: $20.8 million

Music mogul and brain behind Mavin Records, Don Jazzy, is also one of the richest musicians in Africa with an estimated net worth of $20.8 million(₦7.5 Billion). He rose to the Music industry after he collaborated with D’banj to start up one of the biggest record labels (Mo’Hits) in the early 2000s.

Don Jazzy and Mavin Records have several sponsorship deals with top companies and brands from around the world.

2. Wizkid – Net worth: $22 million

Ayodeji Ibrahim Balogun, best known by his stage name Wizkid, is the second richest musician in Nigeria with an estimated net worth of ₦8 Billion ($22 million) thanks to his hit songs.

The hit single ‘Holla at your boy’ helped him gain stardom in 2010. Wizkid has a lot of lucrative endorsement deals, with top brands all over the world, including, Glo and Pepsi where he earns $350,000 monthly. The hitmaker now owns the record Label Star Boy Records.

1. Davido – Net worth: $25 million

Youngest on the list is David Adedeji Adeleke, best known by his stage name Davido, is the richest Nigerian musicians as of 2019, with a staggering net worth of ₦9 Billion ($25 million). The hitmaker is also the most followed Nigerian celebrity on all the major social media platforms with an amassed YouTube views.

His hard-work in the industry has also earned him some of the best  endorsements deals with top brands like Campari, Guinness, Glo, and others. He owns several properties and is currently the CEO and owner of Hypertext records.

Source: DailyAdvent