Highest Earning Nigerian Musicians

The Music industry has been rated among Nigeria's largest export to the World after the oil and gas sector. The show business is debatably the most feasible sector of the economy.

The Music industry has been rated among Nigeria's largest export to the World after the oil and gas sector. The show business is debatably the most feasible sector of the economy.

However, Nigeria's music industry has advanced over time. Each generation in Nigeria have had their very own musical genre.

The trending music of the past is now regarded as oldies and for sure, the contemporary music of today will be termed old school by the upcoming generation.

Furthermore, music was once seen as a hobby in Nigeria but today, it is among the key players in the GDP of Nigeria's economy. Meanwhile, this advancement in the industry has come along with wealth.

The biggest musicians in Nigeria currently earn millions from album sales, endorsements, and their shows. Over the years, some of these musicians have amassed so much wealth and this article will comprise of some of the top earners.

 

Top Earners In Nigeria's Music Industry

Below is an in-depth detail of some of the highest earners in the Nigerian music industry of today. They are;

 

Davido

He is not only known as a musician, he is also a record label boss. His real name is David Adeleke but fans and the world at large call him by his stage name/Nick name Davido.

He is the CEO of DMW; Davido's Music Worldwide and has accrued so much money compared to so many contemporary Nigerian Musicians he met along the way to stardom.

Davido is the leader of his famous gang known as 30 Billion Gang. This name was gotten from his most prominent hit track simply titled IF.

He has been going on world tours and has a song titled FALL which has been viewed more than sixty million times on YouTube.

Davido has gone on to secure diverse endorsements with the sophisticated fragrance brand AXE, Infinix Mobile and so many others. He made the news not too long ago as it was announced that he got himself a private jet which he named Air OBO.

Signed to his record label are other famous artistes like Mayorkun, Peruzzi, etc. His net worth is said to be $19 million.

 

Wizkid

His real name is Ayodeji Ibrahim Balogun but he is prominently known by his stage name Wizkid, although there are times he is called Star Boy instead.

He has been the largest music export out of Nigeria and has gone on to collaborate with globally prominent musicians like Drake, Future, Chris Brown, etc. Wizkid's achievements are undeniably huge.

He has topped billboard’s hot 100 alongside numerous international and notable music charts. He has earned a Grammy award nomination and headlined several musical events.

His net worth is a whopping $20 million and it has been reported that he charges as high as twelve million naira just to perform at a show and the price goes higher for international events.

Additionally, he is the CEO of Starboy records and has famous musicians on his label like Mr. Eazi, Becca, R2Bees, etc.

 

Don Jazzy

Popularly called Don Jazzy, his real name is Michael Ajereh Collins. He is widely known for the ace beats he produces. He is the CEO of Mavins records and has popular artistes signed on to his label.

Some of which include; Tiwa Savage, Korede Bello, Di'Ja, Dr. Sid, Reekado Banks and finally Johnny Drille.

Asides been a musician and a producer, he is also a businessman. His net worth currently reads $18.5 million.

To Sum It Up

Nigeria has successfully produced some of the richest and best musicians in the whole of Africa as the music industry has been seen to pay greatly. It is no surprise that the average Nigerian youth continue to delve into the industry. Who would blame them? They have watched how people who came from nothing have risen greatly in the industry.

Popnable /Popnable Media