Who are the richest musicians in Nigeria? Music has been paying heavily in Nigeria for the past ten years. No wonder average Nigerian youths sees music as one of the the quick means to wealth and fame. Why not! When a good number of artistes have risen from nothing to something over the years, enjoying wealth that can only be imagined by their peers. The question is Who is the richest among these musicians and how much are they worth? Before you read, I want you to have these in mind:-

1. Net Worth does not necessarily mean the amount of money you have in the bank. It is how much you are worth as an asset base on your works, your achievements, investments, and popularity. So, when we talk about richest musicians in Nigeria and their net worth, some of the artistes mentioned may not have the said amount of money in the bank.

2. Album/music sells is not the only means musicians make money. They make much more money from – YouTube partnership, Loyalties, ringtones, concerts, sponsorships, endorsements, and appearances.

These were factored into this rating to come up with this robust, time tested ranking of richest musicians in Nigeria. The best and most accurate you can find anywhere on the internet.

3. This list is dynamic – it changes from time to time. Someone who is on this ranking today may not be here tomorrow.

4. If you have an objection, state it in a civil manner, utilizing the comment system below.

In music, your popularity determines your worth, you don’t make Sh!t if you are not popular because popularity is what determines appearance and endorsement fees. What are the metrics to measure the popularity of an artiste? The number one means of finding out how popular a musician or music is, is by checking out the YouTube stat. If you are popular, it will show on your YouTube views, no manipulation. And if you have a great stat on YouTube, you are a great artiste, making good money even from YouTube itself.

Another means is through awards but since most music awards are heavily manipulated, we are going to skip awards and use other metrics such as endorsement and ability to pull crowed and command good appearance fees. Self promotion isn’t gonna count in this rating.

Here I present to you the top 20 richest musicians in Nigeria and their estimated net worth. Like I said before, this list is the most detailed and most accurate you can find anywhere. Enjoy and make a comment!

20. Patoranking
This guy is making name for himself in the music and entertainment industry in Nigeria and it’s not surprising that he made the top 20 richest musicians in Nigeria despite that it has not been quite long since he breaks into the limelight.

His hit song (Girlie O) featuring Tiwa Savage has grossed over 4 million views on YouTube as the time of writing this article. Patoranking’s net worth is estimated to be – $1.75 million

19. Yemi Alade
How she made it? I don’t know, but she is currently the biggest female musician in Nigeria after Tiwa Savage and may overtake Tiwa in a couple of years if not months. The first day I heard “Jonny” played in my car by one of the Nigerian F.M Station, I knew something serious was about to hit us.

Yemi currently has the most successful and most popular music video by any African female artiste on YouTube. The total views for “JONNY” as at this time is 13,435,171. Yemi Alade’s current net worth is – $2.1 million

18. Chidinma Ekile
Chidinma has one thing going for her – she is extremely likeable. That alone has skyrocketed her take home performance fees and worth to an enviable position. From a mere contestant in the MTN Project Fame to a household name in Nigeria, Chidinma has created wealth that her peers could only dream about, enough to earn her a place on this list of richest musicians in Nigeria.

Her biggest video to date is “Kedike” with 1.2 million YouTube hit, followed by “Oh Baby” featuring Falvour which currently has 600,000 views. And collective views of about 5 million for her songs, Chidinma’s net worth is put at –$2.86 million

17. Duncan Mighty
Duncan Mighty has refused to step an inch away from the Niger Delta oil. With unique beats, superior voice quality, and dance step to match, he is considered one of the most successful artistes ever come out of the Niger Delta region.

His most popular song on YouTube.com is “Obianuju” and “Port Harcourt Boy” which has collective views of 3.1 million. With strong affiliation to the Niger Delta politicians, Duncan mighty is estimated to worth – $3.5 million

16. Phyno
The only Hardc0re rapper I’ve ever seen in Africa. He does it like no other, providing new dimension to rap music in Nigeria and Africa in general. Phyno is to the Igbos what Olamide is for Yorubas but he does it in a completely different fashion. So good that rap haters like me are being forced to like rap music.

Phyno is a genius. Everyone wants to collaborate with him for good reasons. He is hot in the market. Phyno’s net worth is put at – $3.6 million

15. Ice Prince
He broke into the limelight with “Oleku” featuring Brymo which currently has 3.2 million views on YouTube. Ice Prince Zamani is one of the finest rapper in Nigeria. To me, he is better than M.I in terms of flow.

Few days ago, the picture of when he was younger and hustling hit the internet and you can see how far this guy has been transformed from a naive young boy to a world class superstar! Ice prince net worth is – $4.35 million

14. Olamide
One of the craziest rapper in Nigeria and Africa. So crazy he called himself Badoo. Olamide has built name and fortune for himself in the music industry in Nigeria. Right from the day I heard his first song, I knew he was going to be big in the music industry in Africa.

His song with the highest YouTube view is “Eleda Mi” with 1.2 million views. He was able to overtake Patoranking due to the fact he has multiple singles with collective views of more than 5million. He is believed be to be the mastermind behind the rise of Shoki. Olamide’s current net worth is put at – $4.50 million

13. Tiwa Savage
Welcome the queen of music in Nigeria, the Se.xy mama, the first lady of Mavins Record! Tiwa Savage is among the very few Nigerian artistes whose average video is grossing over 1 million on YouTube. She currently has about five videos with more than a million views each. Eminado is currently doing 7+ million.

Her net worth is – $4.85 million and may soon crossover to ten in this rating within the next couple of months.

12. KCee
Currently making serious wave in the Nigerian music scene, KCee, formerly a member of the KCPresh is one of the most fortunate guy in the industry. He picked the right beat at the right time, and the rest has become history.

His hit songs “Limpopo” and “Pull Over” are currently on 14.5 million views collectively on YouTube. KCee net worth is – $4.91 million

11. M.I
Regarded as the most successful rap artiste ever in Africa, M.I has built a reputation that will be too difficult for anyone to surmount. He is among the major stakeholders in Chocolate City Records and is credited with the rise to fame of Ice Prince Zamani.

For the sake of the record label and the stars that came through it, we are placing MI at number 11 on this list. His current net worth is – $4.94 million

10. Timaya
Timaya’s vocal power is unmatched in the industry. He is one one the best and probably the most successful music star ever come out of the Niger Delta area. Far more successful than Daniel Wilson and others. He is truly the “Egberi Papa 1 of Bayelsa”.

One of his hit track “Sanko” is about to hit 2 million views while his biggest hit “Bvm Bvm” featuring Sean Paul has already grossed over 16 million on YouTube. Timaya net worth is – $5.5 million

09. Banky W
Two best music videos ever done in Nigeria to his credit (Lagos Party and Wizkid’s Holla at ur Boy) and a serious record label of his own, Banky W is surely a force to reckon with in the Music business in Nigeria.

From Etisalat to Samsung, he has the knack to land juicy endorsement deals anytime. Started with a copycat of Rihanna’s song, he graduated to international superstar, doing original songs and winning awards. Banky W net worth is – $9.0 million

08. Wizkid
From a backup artiste to Banky W to a superstar! Wizkid has been transformed into international star by just one music video – Holla at ur Boi! That video created the defining moment in his career and today, he is the Wizkid you and I know.

Widely regarded as the Justine Bieber of Nigeria, Wizkid is one of the stars in the industry that many upcoming artistes look up to be just like him. What he lacks in vocal talent, he makes up in personality appeal. Wizkid net worth is – $11.5 million

07. Iyanya
From a hungry project fame ex-winner to international famous superstar within the space of three years. Iyanya has shown that if you want to be successful in Nigeria, give them what they want and you will be blessed with wealth.

See the rest here http://www.lukuluku.net/top-20-richest-musicians-in-nigeria-and-their-net-worth/

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