PLEASE READ THE MESSAGE BELOW SO YOU WOULD UNDERSTAND WHAT THIS RATING IS ALL ABOUT
Hello dear readers, due to a very wrong and bad rating of a list comprising the richest musicians in Nigeria of 2015 by some ignorant bloggers T.I.N Magazine have decided to put out the fact and the right ratings for you guys.
We quite noticed most Nigerians search for the richest musicians in Nigeria a lot on google, Google Trends made that known to us.
It is a pity most Nigerians now believe a very non-sensible list that was posted by many popular sites in Nigeria, imagine the list even made sites like Nairaland,Naijaloaded and others..
In the list you would see the likes of Yemi Alade rated to be worth as much as 820million naira, seriously?? we can boldly say only a very few Nigerian musicians are worth that much.
Yemi Alade was even rated to be richer than popular rapper and label owner Olamide on the list.
Even FORBES who are the actual raters of these things can not list out the net worth of our Nigerian musicians because they wouldn't reveal their assets or maybe their worth is too low to be examined by Forbes.
So what are the factors used in rating richest musicians of the moment? well, we are going to list them out for you;
=> First consider the kind of situation the artist is in, signed to a label or on his/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?
These factors are mainly used if an artist is not officially declaring his/her assets
Well those are the factors used in rating richest musicians, but we don't think these were considered in the very wrong list that is trending on the internet this year, we would assume the writer of the article just sat down and composed something and posted it online and unbelievably many sites copied this article, even this very gross list can be said to rated according to YouTube views which totally makes no sense because non of our Nigerian artists earn from YouTube views because they don't activate adverts in their videos.
For some who do not know what "Net worth" means, well in a simple explanation it means the total worth of a particular person which includes, the money,the properties and the current income withing a particular period of time.
And following this; only a few or even no Nigerian artist has ever disclose nor confirm their assets.
T.I.N Magazine is about Nigerians,Nigeria and the beauty of Nigeria, we would not love Nigerians being deceived and passed a very wrong information because all these things has their influence on people.
So, for Fact's sake do not believe any rating about the richest musicians in Nigeria and net worth. Well, with the normal sense of thinking we can still list out the richest musicians in Nigeria but not their net worth.
Even most certified ranking magazines in America don't rate richest musicians and net worth they only rate the highest paid musicans of the year which is quite a real thing because without the artists telling them it can still be easily calculated and estimated.
SO IN A SIMPLE SENTENCE: THE NET WORTH OF OUR NIGERIAN ARTISTS CAN'T BE RATED BECAUSE THEIR ASSETS ARE NOT BEING DECLARED BY THEM,
SECONDLY; THE MEDIA REPORTS ON SOME ARTISTS ABOUT THEIR ENDORSEMENTS,PROPERTIES AND MORE ARE SOMETIMES FALSE AND SOME OF THEM ARE NOT CONFIRMED BY THE ARTISTS THEMSELVES.
THEREFORE, AS FROM 2015 ONWARDS WE SHALL BE RELEASING THE LIST OF HIGHEST PAID MUSICIANS OF EACH YEAR. THIS YEAR'S LIST WILL BE RELEASED BY DECEMBER.
NOW WE ARE GOING TO LIST OUT THE RICHEST MUSICIANS IN NIGERIA AS OF 2015 ACCORDING TO OUR OWN ESTIMATES BUT NO NET WORTH.
NOTE: The list you are about to see does not have Net worth included, and some endorsements included are not confirmed by the artists, they are just media reports.
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