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Richest Musicians in Nigeria 2016, Top 10 {Latest Ranking}

Top 10 richest musicians in Nigeria 2016

The rating of the richest Nigerian Musicians is mostly based on media reports. However, some other yardsticks are used, these include-
the artist having his/her own label or signed to a label, duration of the artist in the music industry, number of hit songs released by the artistes and how much sales he/she make on iTunes.
For African artist ranking go here
How often he/she goes to shows and the charge per show the artist’s number of tours,
top 10 richest musicians in nigeria wizkid

Below is the list in descending order with their real name:

  • 10. Olamide – Olamide Adedeji
  • 9. Tiwa Savage – Tiwatope Savage Balogun
  • 8. Iyanya – Iyanya Onoyom Mbuk
  • 7. Davido – David Adedeji Adeleke
  • 6. Wizkid – Ayodeji Ibrahim Balogun
  • 5. Banky – Olubankole Wellington
  • 4. Tuface Idibia – Innocent Ujah Idibia
  • 3. Donjazzy – Micheal Collins Ajereh
  • 2. D-banj – Oladapo Daniel Oyebanjo
  • 1. P-Square – Paul Okoye and Peter Okoye

Don’t tell me you don’t want to know their date of birth and some of the reasons they are on that positions on the list,
Check below for more insights;
RMbr to tell me the youngest of all

10. Olamide – aka Badoo – {Born on March 15, 1989} -The most popular rapper in Nigeria with 3 of his musical video being “the must watched in Nigeria for the year 2015” and owner of YBNL, he makes some amount of money from -his record label, shows and sales on iTunes as his songs are most times always on the top on the buyer chart.
He has an endorsement deal with Etisalat.

9. Tiwa Savage – {Date of Birth, February 5 1980} The most famous female musician in Nigeria and the first lady of MAVIN RECORDS. She has an endorsement deal with MTN, Pepsi, Forte Oïl and Maggi.

8. Iyanya – {Date of Birth, October 31 1986} Hip-hop singer. He has endorsement deal with MTN,Zinox Computers and Solo Mobile.

7. David aka O.B.O (Omo baba olowo) – {Date of Birth, November 21, 1992} He often go on international tours and concerts with lots of turn ups. He has an endorsement deal with MTN Pulse and Guinness.

6. Wizkid – {DOB July 16, 1990} Owner of Star boy Records. He charges #5 million per show and has endorsement deals with MTN, Glo and Pepsi.

5. Banky W (king of R&B) aka Mr Capable, {DOB, March 27, 1981} CEO of EME records. His charges per show ranges from #2.5 millon to #3 million 3 to 4 times in a week going by recent reports. He is a brand ambassador of Etisalat and Samsung Mobile for West Africain region. He just signed another multi million naira deal with Ciroc.

Still on : Top 10 richest musicians in Nigeria 2016

4. 2Face Idibia aka 2baba – {DOB, September 18, 1975} has a Non Government Organisation known as 2Face Idibia Reach- Out Fondation whose motto is “Service to humanity”. He has investments in real estate and stocks. He is said to charge between #5 million and #6million per show. This year, he has had endorsement deals with brands like Guinness(#20 million), Airtel(#22 million)

3. Don Jazzy  {DOB, November 26, 1982} A singer, song writer, producer who has written and produced many songs in the industry. The present CEO of MARVIN RECORDS who goes for shows in big events, charges #500,000 to produce a song. He has an endorsement deal with Loya milk, MTN.

2. D-banj – aka KokoMaster, {Date of Birth, June 9, 1980}owner of Koko Holdings is the first artist in Nigeria to be endorsed by a telecommunication company. He goes to lots of shows and his charges per show ranges between #6million and #7million per show.
His endorsement dreams include-multi-million Chris Aire,as the face of his watches, UAC Foods, Globalcom telecommunication in 2009 which has been renewed this year. He was unveiled as headliner for Hennersey in 2013, he has a lucrative deal with Power Fist Energy drink, a deal with Virgin Colour Soft drink and he also signed an endorsement deal with Bank of Industry in 2004.

1. P-SQUARE {Date of Birth, November 18, 1981}
Peter and Paul Okoye, the duo who are well known and loved by many have been rated in many lists as the richest artists in Nigeria in recent years, P square charges as much as #7million -#8million per show, They often go on many international tours with lots of
crowd in attendance, they have many albums to their names with huge sales in market, ITunes inclusive.
In 2010, they won the KORA award for Best Africa Artiste which came with mouth-watering $1m (N150m). They got an endorsement deal with Globacom telecommunications worth about N240m for four years. They are said to charge
over N3m per show.
P-Square has two Sequioa Sports Utility Vans (SUVs), one hummer SUV, truck bus, Toyota Altima among other automobiles. In December 2011 the duo were signed to Akon Konvict music in a multi-million Naira deal. Psquare also has landed properties in Jos, Port Harcourt and a #400million house in Lagos.
In 2015, they refreshed their deal with Globalcom telecommunications.
Peter Okoye is the face of Olympic Milk.
Follow the link b ellow to see the 18 Steps on How To Become a Very Popular / Famous Nigerian Musician / Artist
18 steps Here

That’s it on the Top 10 richest musicians in Nigeria 2016, share your thought with us through the comment box and like us on facebook @ or follow us on twitter @

Tagged: Top 10 richest musicians in Nigeria 2016, richest artist in Nigeria male and female


Add a Comment
  1. #P-Square are always at the Top & Will always be at the Top…The Lord who had lifted them up will neva let them down…They really deserve to be there…No be mouth.

  2. i pray wizzy wil soon be at the top!

  3. Nice list. I’m happy to see Tiwa Savage on that list.

  4. Is this list the latest list of the year?

  5. That’s cool. Psquare on top!

  6. Wizkid good job

  7. I think Davido is more richer than wizkid in terms of money, so i kindly suggest that Davido should be as number six and wizkid as number seven or the google should do a proper research on it again because i think something is wrong somewhere

    1. @Danny, i guess you are davido papa account officer



  9. how was this rated


  11. davido nice to hear that ?

  12. yeh thank God for what you are today

  13. dat’s gud P square on top fellow by D banj

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