It is now a fact in Nigeria that one main place to find the richest people (in terms of money and properties) in the country is in the entertainment industry.

Taking our focus to the Nigerian Music Industry, records have it that Music has been paying heavily in Nigeria for the past ten years. No wonder average Nigerian youths sees music as one of the quick means to wealth and fame. To proof this, take a look at the individual life’s of the music artistes – especially their backgrounds and who they are today. Well not all of them.

Back to the topic, who is/are the richest music artiste in Nigeria? Well here is a list of the top 10 richest artistes made available by T.I.N. Magazine.

There are different criteria for rating who is the richest or wealthiest but according to T.I.N. Magazine, here are the criteria used for this rating.

=> First is the situation the artist (as in – Is he or she signed to a label or on his or her own?)

=> How many hit songs has the artist released and the sales of these songs on Itunes

=> The status of the artist is he/she new or has been in the industry for a while?

=> How much does he or she charges for shows

=> How often does he or she go to shows

=> How many tours he or she went to and how many crowd it pulled

=> Did the artist release an album? if yes, did it sell well in market and on ITunes?

=> How many endorsements and how huge is the money?

=>Does he or she run any other business?

10. OLAMIDE



Olamide is a popular Nigerian indigenous rapper and arguably the most popular rapper of the moment. He is definitely among the most Consistent artists of all time.

He is highly paid since Etisalat signed him in 2013 and they've been renewing his contract with him. He also made the list of Guinness ‘Made of Black’ with Phyno and others.

His source of income is definitely not from endorsements, He makes a lot of money from many shows and song sales on itunes as his songs are always topping itunes buying chart most times.

The rapper is a label owner who makes money off his label artists.

9. TIWA SAVAGE



Popularly known as the First Lady of Nigeria’s most famous music record label – Mavin, owned by Don Jazzy. She is said to be the most famous of all the female musicians and she is making a lot from music. She has a MTN deal said to be worth N30 million and must have gotten it reviewed upwards.

Apart from her very successful music career, the first lady of Mavin Records also has a number of juicy endorsement deals worth several millions of naira. Other endorsement deals include contracts with Pepsi, Forte Oil and Maggi which has made Tiwa the richest female singer in Nigeria.

8. IYANYA



MMMG Singer, Iyanya is a Nigerian pop star with a high number of sell outs. The singer makes his money mostly from Endorsements and local shows. He is often invited to many big events.

He won the maiden MTN Project Fame Contest in 2008. Since he dropped Kukere, has made a lot of money from his jaw-dropping endorsement deals with top brands.

His endorsement deal with MTN is worth N60 million and also has a $350,000 endorsement deal with Zinox Computers and a N35 million deal with a phone manufacturing company, Solo Mobile, where he also received a 2014 Prado SUV.

7. DAVIDO



Davido is well known by many people as the spoilt Nigerian Billionaire son. However, he has worked so hard and has earned a lot from music which made him one of the highest earning artists in Nigeria.

According to report, his songs sell well on Itunes and so does his shows. Davido often go on international tours, concerts and he always get a lot of turn ups.

The ‘Aye’ crooner has deals with MTN Pulse and Guinness Nigeria. While the Guinness deal amount is not known, his MTN contract is reported to have made the Omo Baba Olowo N30 million plus richer.

6. WIZKID



Wizkid is a Nigerian recording artist, songwriter, and performer who’s fame is well deserved. He has been earning from the industry since 2010. He now floats his own label called Star boy Records. He charges 5 million Naira per show.

Endorsements In Recent Times:

He has a deal with MTN worth N45million. According to a source, Globacom doubled the amount MTN paid Wizkid last year to land him on their side.

Wizkid reportedly got N120 million from Glo on a two-year deal which means he will be paid N60 million every year. His 25th birthday last June was marked with a renewal of his contract with Soda giants ‘Pepsi.’

5. BANKY W



The CEO of EME Music Records, Banky W is a prolific Nigerian singer song-writer and King of R & B in Nigeria. He was one of the first Nigerian artistes to believe in Wizkid’s ability and potential. He is also called Mr Capable. Most of his earnings come from endorsements and from gigs.

According to a recent report, he charges between N2.5m and N3m per show and performs three to four times in a week. He is a brand ambassador of Estisalat, one of Nigeria’s telecommunications giants, and an ambassador for Samsung Mobile for the West African Region.

The most interesting part is that all the brands who endorsed him have been renewing his contract since he's been with them.

He recently signed another multi million naira deal with Ciroc alongside D'banj in 2015

4. 2FACE



Innocent Idibia popularly known by his stage name 2face is one of the oldest in the music industry today and he is loved by many as his style of music is much appreciated by many Nigerians.

2face is a legend. He became famous after the release of his monster song “African Queen”. His debut album Face 2 face (2004) established Mr. Idibia as a viable solo artist.

He is speculated to be worth over N550million and has had endorsement deals with brands like Guinness, which earned him N20m and Airtel, which earned him N22m this year.

2face charges between N5m and N6m per show and has established an NGO called 2Face Idibia Reach-Out Foundation. The motto of the Foundation is service to humanity. He was also said to have earned N30m from the producers of Phat Girls movie.

2face has investments in real estate and stocks, where he is said to be earning a lot.

3. DON JAZZY



Don jazzy is a veteran professional music producer who and singer. He was a co-owner of one of Nigeria's greatest record label of all time Mo-Hit Records, which added to his source income.

Don jazzy is the present C.E.O of Mavin Records which can be said to be the Nigeria's biggest record label of the moment.

Don Jazzy is also a performer which means he gets invited for shows in big events, and as a producer he charges as much as 500 thousand naira to produce a song.

It is believed that his major source of income in recent years is the multiple endorsement deals he's been getting which are worth millions of naira.

He has endorsement deal with Loya Milk where he got nothing less than N50 million. His N25 million deal with MTN has been renewed upwardly. Not much is known whether his endorsement with Samsung Africa has been renewed. So, his endorsement deal is in the region of N100 million just within.

2. D'BANJ



D'banj is quite a big name in Nigeria, Africa and in the world. D'banj has been in the industry since 2004 and has been making great hits since then, he is among Africa's biggest musicians of all time following his records and achievements.

D'banj was the first artist in Nigeria to be endorsed by a telecom company, and ever since he's been getting a lot of endorsement deals from big brands worth hundreds of millions every year. Deal with Slot Nigeria and Beats By Dre headphones are his most recent.

The singer is often called for many shows and he said to be charging as much as 6-7million naira per show. D'banj has many hit albums to his name and so are hit singles.

Not to mention the superstar musician is a well known business man who invests in a lot of things. He has company which call Koko Holdings which covers a lot of brands in the Nigeria business industry presently.

FEW ENDORSEMNTS:

The bulk of Dbanj’s earnings comes from endorsements deals. He has a multimillion naira deal with Chris Aire, as the face of his watches and another one with UAC Foods. His endorsement deal with Globacom telecommunications in 2009 was worth N90m.

In 2013 D’banj was unveiled as the headliner for Hennessy 2013. He collects between $80,000 to $150,000 for African shows and £40,000 to £60,000 for UK shows; and $50,000 to $60,000 for American shows.

He also has a lucrative deal with Power Fist energy drink, and a deal with the makers of Virgin Colour soft drink, Signed an endorsement with Bank of industry in 2014 and Apple Beats By Dre Headphones. He also signed another multimillion naira deal with Ciroc in 2015, and according to a source, he has Glo deal which is said to be close to N100 million. He recently got a deal with Slot Nigeria which got him a new car and more money.

Checkout Number 1 at: HERE

Source: http://www.forumspotz.ng/top-10-richest-nigerian-musicians-2015-and-sources-of-their-wealth/

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Please heal me tell the guy below me to stop disturbing threads with his birthday. He should open a thread and be dashing us airtime to celebrate and pray for him..
bobolil

INTROVERT:
Nmuebr eghit meaks mio msoit...











Please heal me tell the guy below me to stop disturbing threads with his birthday. He should open a thread and be dashing us airtime to celebrate and pray for him..
bobolil

sharap u robot