Monday, 31 August 2015


Nigerian musicians not only take
pleasure in doing what they do best as a
they also swim in untold wealth
derived from their sweat and labour in
the studio. These seven artistes are the
biggest earners in Nigeria’s music
industry in 2015:

1. Don Jazzy

Nigeria’s top producer and certified

business mogul, Michael Ajereh Collins
better known as Don Jazzy has been
announced as the richest musician in the
country, according to a rating of top 10
musicians in Africa done by Forbes.
Don Jazzy is reportedly the second
richest musician in Africa with multi-
million naira endorsement deals with
top brands like MTN, Loya Milk,
Samsung and Konga. His Mavin records,
formed after the collapse of Mohits
boasts of top acts like Korede Bello,
Reekado Banks and Di’Ja who are also
raking in millions from their deals with
the likes of Woodin and Glo.

2. P Square

The dynamic duo of twin brothers, Peter

and Paul Okoye, popularly known as P
Square are swimming in money and this
is evident in their posh lifestyle. They
have mouth-watering houses in Nigeria
and even abroad and they fly in private
The Okoye brothers have over 5 albums
to their name and they do not plan to
retire any time soon. Their musical
dexterity and electrifying dance moves
have endeared them to many both far
and near.

3. D’Banj
The Kokomaster, D’Banj has done quite

well for himself in terms of earnings. He
has top deals with Beats By Dre, Sony
Entertainment Africa, Glo and more. His
sojourn in the US gave him the
opportunity to rub shoulders with the
likes of Jay Z and Kanye West. Back
home in Nigeria, he is the face for a
campaign for agriculture and he is
pushing his Koko Garri business really
well. D’Banj is also one of the few
Nigerians to rock a suit worth a million

4. Wizkid
The former EME artiste redefined his

status in the Nigerian music industry
when he emerged as the CEO of Starboy
Entertainment. Ayodeji ‘Wizkid’ Balogun
probably holds the record of being the
Nigerian artiste with the most
international collaborations. He is also
the highest paid Pepsi ambassador in
Africa and an ambassador of
telecommunications giant, Glo.

5. 2Face Idibia
2baba has rightfully ascended to the

throne of legend as long as the Nigerian
music business is concerned. A
collaboration with the reputable
Innocent Idibia is seen as a very big deal
and who can dispute this? He has sold
over 10 million CDs and has recorded at
least seven million digital sales. His
business deals with Guinness, Haven
Homes, Airtel Worldwide and others
bring a lot in earnings. Still, he is one
musician who does not flaunt his wealth
in everyone’s faces.

6. Ice Prince
It is safe to say that Ice Prince stole the

limelight with the release of his hit
single, Oleku. Now, the Chocolate City
Music VP, armed with over six million
downloads, is number 6 in Nigeria and
the ninth richest African musician in the
year 2015. ‘Ice’ whose real name is
Panshak Zamani is a member of One
Foundation and a philanthropist. He
smiles to the bank frequently with
mouth-watering endorsement deals with
the likes of Glo and Skye Bank. He has
also delved into the movie scene starring
in a Ghanaian flick titled ‘House of Gold’.

7. Banky W
The EME co-owner is arguably Nigeria’s

king of R&B, With a demeanour very
much like America’s Neyo, Olubankole
Wellington is one of Nigeria’s most
eligible bachelors whose crooning is
enough to make ladies faint talk less of
his charming good looks. Banky rakes in
steady cash from live performances and
stunning endorsement deals with Ciroc,
Samsung and more.

(Guest will be in number 8,9 and 10)....

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