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5 Richest Contemporary Nigerian Entertainers - Celebrities - Nairaland

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5 Richest Contemporary Nigerian Entertainers by Mogten(m): 10:56pm On Dec 24, 2013
Tuface

Born Innocent Idibia, the former member of
the band, Plantashun Boyz, is among the
richest artists in the industry. With two
platinum records already behind him,
Tuface (2Face) is speculated to be worth
about 550 million naira ($3.47 million). He
has had endorsement deals from companies
such as Guinness, which earned him 20
million naira ($125,000) and Airtel, which
earned him 22 million naira ($139,000). He
was also rumoured to have collected 30
million naira ($189,000) from the producers
of the Phat Girls movie. Tuface has invested
heavily in real estate and stocks, and made
bug money from it. He once said his goal
was to recover all the wealth taken from
Africa.


D’banj

Apart from his music interests, D’banj has
moved into other sectors. His interests include
Koko Mansion, a TV reality show, Koko Lounge,
an upscale hangout in Lagos and the UK, Koko
Foundation, a charity, and Koko Mobile. There
are also rumours that he is set to launch Koko
Records. The bulk of his money comes from
endorsements – his endorsement deal with
Globacom telecommunications cost 70 million
naira ($442,000). He has a multi-million naira
endorsement with energy drink Power Fist, a
deal with the makers of the Virgin Colour soft
drink and another huge deal with a popular
jeweller. Another endorsement which runs into
millions is with Chris Aire, with D’banj acting as the face of his watches. He collects between 5 million naira ($31,500) and 7 million naira ($44,200) as performance fee for local gigs, and even bigger fees across the rest of Africa and in the US and the UK. Like his old boss, Don Jazzy, D’banj also bagged a recording deal with Kanye West’s G.O.O.D Music. D’banj once said, “I work hard so that money, awards, endorsements, bookings and kokolets chase me.”


Don Jazzy

Real name Michael Enebeli, Don Jazzy, is the
founder of now defunct Mo’Hits and now runs
Mavin Records. He is one of the most sought
after producers in Nigeria. As a child he was a
member of Good Morning Kids, a group created by his father. He is known for his business dexterity, building Mo’Hits from scratch to become one of the biggest entertainment empires in the country. He recently signed a recording deal with Kanye West – a move that not only boosted his reputation as an entertainer, but also his wealth.


P- Square

Singing and dancing duo Peter and Paul Okoye won the KORA award for Best Africa Artiste in 2010, collecting a $1 million prize in the process. Shortly after, the duo got an endorsement deal with Globacom telecommunications worth about 240 million naira ($1.5 million) for four years. Their seven-city American tour in 2010 earned them a whopping $1m and have also built a house valued at 300 million naira ($1.9 million). They own Rayfield Hotel, Jos, and two multi-million naira factories in the same city, where they built a multimillion naira bakery and sachet
water companies for their parents. The bulk of
their wealth comes from concerts, especially in
Africa, where they charge about 2 million naira
($12,600) per show. They have sold over 14
million copies of their CDs since 2005.


Banky W

Banky W has become one of the richest
entertainers in the industry, making the bulk of his wealth from gigs, where he charges between 2.5 million naira ($15,800) and 3 million naira ($19,000) per show and performs three to four times each week. A brand ambassador of Estisalat, one of Nigeria’s telecommunications giants, he also featured in Coca Cola-Nigeria’s World Cup theme song and Microsoft’s Anti-cyber Crime Initiative. An entrepreneur, Banky W has invested heavily in various businesses and also doubles as a philanthropist, founding the Mr. Capable Foundation, where he provides tuition fees for indigent and brilliant students. He is also the force behind EME music which has, arguably, the Nigeria’s fastest rising artiste (Whizkid) under the label.



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Re: 5 Richest Contemporary Nigerian Entertainers by waleadex(m): 11:03pm On Dec 24, 2013
Supported!
Re: 5 Richest Contemporary Nigerian Entertainers by OLUWOLEYINKA(m): 6:11am On Dec 25, 2013
A pure lie.....nothing warrant don jazzyz name being on the list. and to set the record straight don jazzy has never and will never be dbanj boss. they are business associates. they both own mo hit. dbanj mum loan them money for their first album where was don jazzyz folks. park well oga ade....hope u do hear abt #dbanj series#glo unlimited#nokia...what out .....

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