Top 5 Richest Nigerian Musician/Artist and how they make their Money
winning musician, Dapo Daniel Oyebanjo, popularly known as D’banj, might be getting knocks from some of his fans over his involvement in President Goodluck Jonathan’s presidential campaign, but we can’t deny the fact that the Koko Master, as D’banj is fondly called, is one of the top five richest Nigerian Hip pop artistes.
For three years now, D’banj has been consistent in the list of highly rated entertainers in Nigeria. Apart from music, which has earned him fame, D’banj is an entrepreneur.
Though D’banj was reported to have parted way last year with Glo, he was once the highest paid Glo ambassador before the P-Square’s deal. It’s about N70 Million. He has several other brand endorsements that earn him millions of naira. He has several other brand endorsements that earn him millions of naira.
He has a multimillion naira endorsement with an energy drink, power fist, a multimillion dollar partnership with the makers of Virgin Colour soft drink and a multimillion naira deal with popular jewellery icon, Chris Aire as the face of his watches.
Mr Endowed has other businesses under his label christened Koko which include Koko Mansion, a TV reality show, Koko Lounge, an upscale hangout in Lagos and the UK, Koko Foundation, a charity organisation and recently launched Koko Mobile.
D’banj is at the moment, one of the hottest and highest paid artists for gigs. With the release of his much anticipated album, Mr Endowed, the Kokomaster has become a hot cake for events especially on weekends.
Sources close to the artist said he collects between N 5 million and N 7 million as performance fee for local gigs, $ 80,000 to $150,000 for African shows, £40,000 to £60,000 for the UK shows and $50,000 to $60,000 for American shows.
Last year, he emerged the highest paid Nigerian artist. He was reported to have earned close to N 15 million for 3 slots of Star Trek Concert organized by Nigerian Breweries Plc.
For Peter and Paul, the Okoye twins popularly known as P-Square, 2010 was great year. Not because they released a new album, they were very fortunate to have got several contracts that earned them Hundreds of Millions of Naira. Today, the duo are proud to be part of the richest Nigerian hip pop artists.
First they won KORA award for Best Africa Artist 2010. The award came with $1 million (N 150 million). Shortly after, the E no Easy crooners got the biggest endorsement deal with Glo, which we learnt is worth N 240 million for four years.
The Anambra State born R n B, hip pop artists had one of their greatest international gigs last year. Their American tour of about seven cities earned them a whopping sum of $ 1 million (N 150 million).
They also had many African musical concerts. We learnt that P-Square moved into their N 300 million wondrous Omole, Lagos mansion with four brand new wonder-on-wheels worth N 65 million.
The award winning musicians have investments that are fetching them millions of naira. They have two multi million naira factories in Jos, where they built a multi million naira bakery and sachet water companies for their dad and mum.
Their investment on property is earning them millions of naira.
Innocent Ujah Idibia (2face) has always been on top of his game and at the moment one of the top five Nigerian hip pop musician to get a mouth watering endorsement with Guinness Extra Stout.The deal, we learnt earned the Benue State born artist N 20 million.
Even when people thought it’s over for the African Queen crooner, he surprised his critics with the release of the international edition of Unstoppable last year and for the first time in the history of Nigeria’s music; the CD was sold for N 1,000. We reliably gathered that it was a huge success as many other artists started emulating the idea.
His last year endorsement deal with Airtel, one of Nigeria’s telecommunication companies made the Enter The Place crooner to find his place in the list of top five richest Nigerian musicians. The deal, we gathered gives him N 22 million in year. Just like other artistes, 2face has pocketed millions of naira from all his songs used as caller tunes by subscribers.
He’s always busy doing gigs both local and international. 2face has toured an appreciable number of African countries performing. He collects between N 4 million and N 5 million depending on the show. We learnt that the charge for a gig of 500 to 1000 capacity is different from that of a massive arena like a stadium.
We reliably gathered that the artist has invested heavily on property, real estate and stock, where he earns big bucks.
Olubankole Wellington, better known as Banky W, may not like publicity but the Ebute – Metta crooner is actually one of the richest Nigerian hip pop artist at the moment.
Like his colleague, Wande Coal, Mr. Capable, as Banky W is fondly called by his fans is making millions of naira from gigs both local and international. Source close to the artist said he charges between N 2.5 million and N 3 million per show, performing three to four time in a week. Banky W has no endosement but has done a lot of projects that earned him huge money. He has a brand association with Estisalat, one of Nigerian’s telecommunication giants, where he featured in their popular commercial 0809ja for life.
He also featured in Cocoa Cola-Nigeria’s World Cup theme song and Microsoft’s Anti-cyber Crime Initiative.
Like D’banj, Banky W is also an entrepreneur and has invested heavily in businesses that are fetching him good money.
As a philanthropist, Mr Capable Foundation where he provided tuition fees for poor and brilliant students.
2009 and 2010 was a turning point for wande Ojosipe, better known as Wande Coal. His debut album Mushin 2 Mo’Hits was huge success and since then, the Bumper – to – Bumper crooner has been the toast of many both locally and internationally.
His astonishing wealth shortly after he came to limelight has booked him a place in the list of top five Nigerian richest hip pop artists. Wande coal is making millions mostly on gigs. At the moment, he does shows more than any other hip pop artist.
Findings have shown that he does gigs four to five times a week. For instance, Wande performed at AMAA Award in Bayelsa on Sunday, March 27, 2011, Ilorin on Monday (March 28), Abuja on Tuesday, March 29, Port Harcourt on Wednesday, March 30 of the same week where earned between N 2.5 million and N 3 million per show.
He charges between $ 15, 000 and $ 20, 000 for international gigs. Wande Coal is one of the top music act at the ongoing Glo Rock ‘n’ Rule Concert, in 10 cities across Nigeria. He has no endorsement deal but hi s song, Bumper to Bumper is being used for the commercial of Devon soap, a product of Orange Drugs Ltd. He’s also making his money from real estate.
Top 5 Richest Nigerian Musician/Artist and how they make their Money