It is important that we have an accurate ranking system of musicians in Nigeria as the music industry has grown greatly in recent years. This list is not meant to be used to promote a particular artist but a source of information for those who are seeking to know the top 10 richest musicians in Nigeria for the year 2017.
What are the parameters used to compile this list of the top 10 richest Nigerian musicians for the year 2017?
When compiling this list we used the basic set parameters to decide those who made this top ten list. They include;
- Media reports
- Sales on iTunes
- Income from shows and tours
- Endorsement deals
- Artist having his/her own label or signed to a label
We believe that based on the above set parameters this list of the top 10 richest musicians in Nigeria 2017 is going to be fair enough.
Below Is The List Of The Top 10 Richest Musicians In Nigeria 2017
While compiling this listing we noticed that most Nigerians don’t have to know the Date of Birth of their favorite artist. So we have decided to add that bit of information to this listing of the richest singers in the country at the moment.
10. Olamide: Date of Birth – March 15, 1989
The most popular rapper in the country comes in at the number ten spot on this list. This might be surprising to some but when you compare his net worth with that the of others on this list you would agree that this spot is deserved. He is the boss of YBNL record label. Olamide makes most of his earnings from his shows and tours which usually pulls a lot of crowds.
9. Tiwa Savage: Date of Birth – February 5, 1980
If you got the hint that a female musician is going to feature on this Atanbiyi Gabriel Blog list of the top 10 richest Nigerian singers am sure you must have guessed right that it is going to be Tiwa Savage. The first lady of MAVIN Records is the richest female musician in Nigeria for the year 2017 and she takes the number 9 spot on this list. She makes her money from album sales and endorsement deals with MTN, Pepsi, Forte Oil, and Maggi.
8. Iyanya: Date of Birth – October 31, 1986
The Kukere crooner recently signed with MAVIN records which he described as one of the best record labels in the country. He was the winner of the MTN Project Fame in the year 2008 and has since then remained relevant in the Nigerian music industry. Iyanya takes the number 8 spot on our list of the top 10 richest musicians in Nigeria 2017.
7. Davido: Date of Birth – November 21, 1992
David Adedeji Adeleke popular known as Davido is one of the best musicians in the Nigerian music industry at the moment. He is currently signed with global music giants SONY records and he is one of the few Nigerian musicians with international recognition.
6. Wizkid: Date of Birth – July 16, 1990
Just like his name goes ‘Wizkid’ this young Nigerian artist has really made it big in the Nigerian music industry. He is currently signed with SONY Records and also the boss of STARBOY Record label. He has won numerous top awards and was recently nominated for the Grammy Awards 2017.
5. Banky W: Date of Birth – March 27, 1981
Taking the number 5 spot of Atanbiyi Gabriel Blog list of the Top 10 richest musicians in Nigeria for the year 2017 is Banky W. He is currently the CEO of the popular Nigerian Music Record Label EME. He is currently the brand ambassador of Etisalat and Samsung Mobile for West Africain region and also has a multi-million naira deal with Ciroc.
4. 2Face Idibia: Date of Birth – September 18, 1975
This is the living legend of the Nigerian music industry. He makes his money from shows and endorsement deals with top brands in the country have he is one of the most marketable musicians in Nigeria at the moment. The number four spot on this top 10 richest list of Nigerian musicians 2017 is well deserved for 2Face Idibia.
3. Don Jazzy: Date of Birth – 26 November 1982
Don Jazzy is one of the top Music Producers in Nigeria at the moment and is the richest music producer in Nigeria for the year 2017. He is also the boss of a Top record label, MAVIN, which has stars like Iyanya, Korede Bello, Tiwa Savage and Di’ja signed under. He is reported to charge about N500,000 to produce a song which explains how he makes his money.
2. D’banj: Date of Birth – June 9, 1980
The Koko Master is referred to as many as the second richest musician in Nigeria at the moment. He makes his money from shows and tours around the globe as he is really a strong marketable brand. He has also signed top endorsement deals which have fetched him money in recent years.
1. P-Square: Date of Birth – 18 November 1989
Taking the top spot on this 2017 listing of the richest musicians in Nigeria is the twin duo PSquare. They make a lot of money from their album sales, endorsement deals, shows, and tours. Media reports state that P-Square charge as high as 8 Million Naira per show and they appear in a uncountable number of shows yearly which should sure leave you purring on their estimated yearly earnings. It can be recalled that they won the KORA awards for Best African Artist in the year 2010 which came with a mouthwatering 150 Million Naira.