Not long ago we published the list of the highest paid artistes in Nigeria for year 2016. Well its
2017 already and we've decided to put out the list of the richest musicians in Nigeria as of 2017 following the financial reports we've gotten on each of these artists since last year till this present moment.
Do not fall for any non-sensible list that some bloggers will put out later this year, showing Nigerian artists net worth, they are all lies and senseless assumptions. The list that was released last year showing 20 Nigerian musicians and their net worth was later confirmed a list of lies and assumption when singer Davido said to be worth 14million dollars on the list personally debunked the claim and said he is not worth that much in an interview he had with MTV base talk in 2015.
So like we said in our previous post, Nigerian artists net worth cannot be stated because they don't declare their net worth or annual financial income, even Forbes cannot tell the worth of Nigerian artists.
Well, we at T.I.N Magazine will be presenting you our own ten richest musicians in Nigeria as of year 2017 following reports we've gathered on artists whose worth are quite high in the music industry.
So checkout the criteria we used and reports we tracked before we put out this list:
=> How long each of these artists have been earning from music
=> Digital downloads sales: iTunes and MTNmusicplus
=> Label owner or signed artist?
=> How much these artists charge per show
=> How often these artists get invited to perform at shows
=> Endorsement deals each artist has got
=>Other businesses these artists have got.
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.
TOP 10 RICHEST NIGERIAN ARTISTS 2017
Olamide dropped another album in November 2015 which have been reported to selling quite fast on iTunes.
He also dropped another top selling album in year 2016.
His active endorsements; ETISALAT, SUREBET,
8. BANKY W
His active endorsements as of 2016; CIROC deal, Samsung deal and Etisalat deal.
7. TIWA SAVAGE
The songstress is as of 2016 the entertainer with the most endorsements. She moved from no.9 to no.7 in this year's ranking.
Signed a multimillion naira endorsement deal with pampers diapers in 2015, her R.E.D album is at the moment the best selling album on MTNMusicplus.
Her active endorsements include: MTN DEAL, Forte Oil Deal, Pampers,Maggi, And Pepsi
Active endorsements: MTN deal, Closeup Deal.
Wizkid was ranked no.6 last year and he's has moved up that position this year. The singer has quite some big deals to his name and he's known to be called for many shows. Report says he charges as much as 5million naira to perform. His active endorsements include: GLO deal, PEPSI deal.
Wizkid has been said to have signed a deal worth over 3million dollars with Sony last year which hasn't actually been confirmed yet.
3. DON JAZZY
His active endorsements include; MTN deal, Loya Milk deal.
"Nigeria's richest solo artist"
The popular singer can be said to be a man of endorsement deals. The guy has got a lot of brand endorsements in the past and as of the moment he is 2nd entertainer with most endorsement deal after Tiwa Savage. He charges between 6-7million naira per show.
His active endorsements includes; Ciroc deal, Glo Deal, Bank of industry deal, Beats By Dre deal.
D,banj signed another multimillion naira deal with SLOT Nigeria late 2015.
He is the richest solo artist in Nigeria.
For the past 6years he's been ranked as the no.2 richest artist in Nigeria consistently, he probably might take over as the richest musician in Nigeria very soon.
The duo have been ranked richest in Nigeria for a very long time. These two have been making money from music for a very longtime. They've made money from album sales both online and offline, the duo charge as much as 7-8million naira per show and they've got massive endorsement deals.. They've been an ambassador of the popular telecom GLO for a longtime. And as of 2016 these two have got endorsement deals individually. Peter has 2 active endorsement deals which includes; Olympic milk and Addidas.
Report has it these two are making from other businesses and investments.
T.I.N MAGAZINE WILL DEFINITELY BE PUBLISHING THE TOP 20 HIGHEST PAID ARTISTS IN NIGERIA OF 2018 IN DECEMBER. (It will reveal to you the top 20 Nigerian artists that made the hugest money this year.)
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