See Pictures: Forbes Top 10 Richest Musicians in Nigeria


10. Olamide

Olamide is the tenth on our list of top wealthy Nigerian musicians this 2018 according to Forbes. Popularly known as Bahdoo, he has released a lot of hit songs that support his claim as one of the country’s top artist.

He was born in Bariga, Lagos and since he burst out on stage, he has been successful. Apart from being one the best rappers in Nigeria, Olamide is the CEO of one of the most popular music record labels in the country – YBNL Nation.Olamide’s net worth is estimated at N5 billion.

9. Phyno

The ninth richest musician in the country is Phyno fyno. His name is Azubuike Nelson Chibuzor. He and Olamide are best of friends .

Phyno like Olamide has invested his cash into real estate and other money spinning ventures. Both celebrities have taken the rap game to the next level and show no signs of declining. Phyno charges about N2.5 to 3 million Naira for shows and his net worth is estimated to be N5.5 billion.

8. Banky W

Banky W a.k.a Olubankole Wellington is 8th top richest Nigerian musician and his net worth is an impressive N6 billion as estimated by Forbes list. Since his Ebute metta release, this popular artist has soared high in the music and entertainment industry.

Banky W is a brand ambassador for top multinational organisations like Samsung, Uber etc. The talented singer has ventured into acting, film production, and public speaking.

7. Timaya

Timaya’s real names are Inetimi Alfred Odon. He is a popular Nigerian singer, musician and songwriter. From his humble beginnings, Timaya became famous since he began his musical career in 2005 till date.

Timaya’s net worth as estimated by Forbes stands at N7 billion. He also owns a successful record label called the South South hip hop group, Dem Mama Soldiers. His songs has also sold million of copies worldwide.

6. P Square

Rudeboy a.k.a Paul Okoye and Mr. P, a.k.a Peter Okoye were known as the Psquare brothers. They dominated not only the Nigerian music industry but Africa as a whole. Every one loved them because they not only sang but also danced.

Forbes ranked them to be estimated at $20 million in the past because they virtually topped the musical bill board almost every time and even charged the highest gig fee for a Nigerian artist for any show or event.

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