Top 3 Nigeria’s Richest Musicians and their net worth.
It is no longer news that music is one of the ways to becoming wealthy in Nigeria provided you are skilled and ready to follow the required rules.
Also, to some musicians their long years in the industry has spoken for them and brought them huge wealth and fame while in the case of others, rising to stardom in the music industry seemed very easy for them as well as admassing wealth and riches.
You may be wondering how they make their money: they gather wealth through their performance fees and through lucrative endorsement deals, asides the money they make primarily from their album sales.
For example, notable musicians like Tu-face, Davido, D’banj, Wizkid are known to charge millions of naira as performance fees.
However,below we have a list of 3 Richest Nigerian Musicians.
1. Davido-David Adedeji Adeleke
popularly known as Davido is a song writer, singer, record producer and owner of Davido Music Worldwide.
The Atlanta born artist made his debut as a member of the music group KB International.
Davido became famous in 2011 with the release of “dami duro”, the number two single from his debut studio album ” omo baba olowo” in 2012.
In that same year, Davido won the Next Rated award at the Headies.
In 2016, Davido declared on one of his social media platforms that he signed a record deal with Sony music and this was later confirmed by a press release made by Sony music.
He also signed a record deal with Sony’s RCA Records in July 2016.
Talking about how the cash flows in; on April 16 2012, Davido signed a #30 million endorsement deal with the famous telecommunication company MTN. The deal made him the face of MTN pulse, a Marketing campaign for Nigerian youth.
Also on October 24 2013,Davido was said to have signed an endorsement deal with Guiness Nigeria, he also signed deals with infinix mobile, AXE ( a popular perfume company).
With the net worth of #9 billion, Davido is the richest Nigerian Musician.
Ayodeji Ibrahim Balogun popularly called Wizkid is a singer and song writer.
He is one of the most influential artist in Nigeria and abroad. His music career is being decorated with several huge achievements: He earned a Grammy Award Nomination,he signed an endorsement deal with Pepsi worth $350,000, he also signed a deal with Glo worth #128million,he was involved in several international collaborations and he has also performed at many international music events.
All of these achievements are however not without money, Wizkid reportedly charges about 12 million as performance fees and even more when abroad.
Little wonder his net worth is about #8million.
3. Don jazzy
Michael Collins Ajereh also known as Don jazzy is a singer,Record producer, song writer and entrepreneur.
The Abia state born icon is the founder and CEO of Marvin Records with stars like Tiwa Savage, Reekado Banks,Korede Bello and others under the record label.
Don jazzy has contributed to the success story of many artists especially the ones under his record label. A good example of this is his contribution to the production of wande coal’s mushin to mohits album.
Also, don jazzy performed background vocals for the likes of sauce kid,Dr.sid, Ikechukwu, Jayz and D’prince.
Talking of endorsement, don jazzy has endorsement deals with companies like Lots milk and sky Vodka.