The Nigerian music industry is fast growing and the artiste are earning almost as their colleagues in other countries. Here are some of the multimillionaires in the industry and the details of their wealth.
2face Idibia- taking stock of his assets, 2face’s worth would be nothing short of 200 million Naira. He has to his credit 2 platinum-selling albums, endorsement deals with Guinness Nigeria worth about N30 million, MTN Nigeria worth about N40million, and he was said to have gotten about N30million from the producers of Phat girls (Hollywood movie) for use of African queen as soundtrack. He is speculatively said to have sold marketing rights to his new album at N30million. He collects an average of N2.5Million per show and he once said he is set to recover all the wealth taken from Nigeria. He is presently the most exportable Nigerian artiste.
D banj- taking stock of his assets, Dbanj would worth nothing less than N180million. He made a whole chunk of his money via endorsement deals. Gist has it that he recently sealed an endorsement deal with Glo which was considered the biggest deal in Nigeria. He had about a N30million deal with Virgin colours, about 25million with Virgin Nigeria, 20million deal with Nutricima and a distribution deal worth N100million with UAC. He charges over N2.5million per show and works really hard with producer Don Jazzy
Psquare- The duo would worth not less than N150million, they make the bulk of their money through sold out concerts all over Africa and beyond. They’ve sold close to 15 million copies of their albums since their debut. They charge an average of 2 million Naira per show. Their house in Omole estate gulped huge sums of money and they drive the latest state of the art automobiles.
Jimmy Jatt- He is the highest paid DJ in Nigeria, he charges about half a million Naira to play at regular events and 1million Naira for concerts. Up till date he is the only DJ with a multi-platinum selling Mix tape with about 50 of Nigerian finest artistes o n it. He is worth close to N100million.
Paul play-His latest album sold over 2 million copies, he owns a house in Nigeria and also in the UK. He is worth not less than N120million.
Tony Tetuila- His assets are estimated at about N80million. Most of his wealth accrues from performing at shows abroad and other non music ventures. His cordial relationship with the past Governor of Lagos state, Asiwaju Bola Tinubu has also made him have a good share of government deals in music and performances. There is hardly any event in Lagos he does not perform at the dispensation.
KC Presh- It’s obvious that the duo make most of their money outside music. They make a good fortune from branding Star beer and they are rumoured to get contracts from state governments. They are assumed to worth not less than N70million.
Olu Maintain- Following the yahoozee blast, he was immediately launched into opulence, he sold well over 2million copies of the album. He drives a pimped to the teeth Chrysler worth N6m, Toyota Sequia jeep and owns a luxury home at Anthony. He is worth not less than N70M
9ice- currently the hottest in the industry, he charges an average of N1.5m a show, he recently moved to a duplex apartment in Anthony and his album has sold close to three million copies and still on high demand.. He recently got a Celtel deal to the UK to perform at the Nelson Mandela show which sources close to him say he was paid close to 30 million Pounds. Estimate of his current financial worth is in excess of N70M.
Ruggedman –Arguably the highest paid rapper in the country. He charges between N500000 and N1.5million per show. He has driven luxury cars like Mercedes Benz E class , Nissan Murano jeep and Touareg which he currently cruises around town with. He is estimatedly worth N50million.
(c) Donnah Eff