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Top 5 Richest Artistes In Nigeria

Posted by Temitope Delano on October 15, 2016 in Editorial · 60 Comments

Year in year out, they artistically express themselves via songs churned out en masse to the delights of millions across the globe, headlining shows and performing at others with major sold-out feature. While some of the artistes on this list make the ‘we love to hate them clique, there is no denying that we love their sound and our unfailing love for it, like Yemi Alade, said a couple of days back, makes them smile to the bank.

Here are top 5 richest artistes and their net worth




Peter and Paul Okoye, famously known as Psquare have stayed relevant in the music industry, snagging deals and headlining major shows and concert along the way. The brothers, who are ambassadors to several brands to include telecommunication company, Glo which came with a Mercedes Benz G Wagon and Range Rover vogue , which costs not less than N25m, Olympic Milk alongside a paycheck of N250million. Skol beers and Kia Motors, are the richest musician in Nigeria. They reportedly charge a whooping $50,000 for shows. They own four houses; an omole estate house, an Ikoyi home, a banana island home and apartments in Buckhead in L.A. Paul, on his part owns a record label [Rudeboy Records] and a real estate business, while Peter, owns a budding football agency. Add all these with their over a million record sales, and other exotic cars worth over N200 million has Psquare’s estimated net worth at N5 billion.





Save for the thousand of foreign currencies he flaunts on social media, American born Nigerian singer, Davido a.k.a Son Of Mercy, stated clearly that asides his numerous assets, he has $2million in his bank account, which we think might be his trust fund[just saying]. He is a brand ambassador for Closeup, Pepsi, formerly an ambassador for telecommunications company MTN, Guinness Nigeria,  and recently snagged a Sony endorsement deal reportedly worth $1million. He owns a Lekki mansion worth about N120 million and is at the verge of acquiring a new one, also believed to be worth several millions of Naira. He also owns fleet of cars to include a Rolls Royce Phantom worth N100 million, a 2015 Range Rover Sport worth N35 million, a 2015 Audi worth N20 million, A Toyota Land Cruiser worth N28 million, Mercedes Benz G-class AMG Series worth over N40 million, Mercedes Benz  Sedan AMG series worth over N50 million and a Porsche Carrera worth about N35-45million. He also owns two music labels, HKN, co-owned with elder brother and DMW, solely owned by him. Coupled with shows/concerts he performs at, record sales and royalties, Davido’s estimated net worth is N4 billion.





Currently riding on international stride and stars, Wizkid, comes in as number three on our list. From owning a Surulere house worth about N15 million to his Lekki home which is estimated at N65 million. Wizkid, asides his rumored soon to be made public deal with Sony, owns his own record labels, Starboy Records and Starboy Worldwide, which houses 5 musicians in total. He was a brand ambassador for MTN where he reportedly was paid N45 million before sliding into the tent of rival telecommunications company Glo, where he is reportedly been paid N120 million. He also has a renewed two years Pepsi deal worth N140 million, and over a million sales in record. Starboy, is an avid lover of automobiles and has quite a few luxury cars in his garage, they include; a Hyundai Sonata which costs about N6 Million, a BMW X6 worth N11 Million, a Mercedes 2012 Compressor which costs N9 Million, a Bentley reportedly worth N45 Million, a new Porsche Panamera worth N15 million, he got barely a month after crashing the old one and a Can-am supercharged bike estimated at N3.5 billion






‘Abule Sowo‘ crooner, Olamide aka Baddo Sneh, is the fourth artiste on our list. Olamide, who first signed a mega deal with telecommunications company Etisalat in 2013, renewed the multi million naira deal in 2015. He is also snagged a deal with Ciroc which is reported worth close to N45 Million. In 2013, he also became the brand ambassador for Guinness with the deal also reportedly worth several millions of Naira. In 2014, he became the brand ambassador for SureBet 24/7, an online sport betting company for a whooping N20 million naira. He is the CEO of YBNL, a music label which currently houses singers Adekunle Gold and Temmi Ovwasa. Olamide, also makes money from shows and concerts with some being sold out. He charges between N3-5million per show bookings. He is also the owner of two petrol filling stations and three houses; one on the island and the other two on the mainland. His luxurious home on the Island is reportedly worth N38 Million. The other two houses situated in Bariga are said to be worth over N20 Million each. He splashed a whooping N6 Million on a Toyota Venza automobile for his producer and owns a Mercedes G-Class worth N22 million, Range Rover sport worth about N15 Million and formerly owned a 2012 Model.


Timi Dakolo



Timi Dakolo, is the fifth atiste on our list. Since hitting the limelight by emerging winner at the inaugural season of West African Idol in2007, Timi Dakolo, has not only remained in the consciousness of the people but also his accountant. The ‘Wish Me Well’ cooner, is known for his love for luxury cars as his garage has 2 cars running into millions. He owns a Chevrolet camaro which is worth about N8 million and a range rover sport worth  N23 million. In 2014, Timi, made headlines with his valentine gift to wife, Busola, a completed building, where the family currently lives. On money made fro  music, this vocal powerhouse, makes a lot of money performing at private and corporate events where he confirmed he gets paid handsomely. Timi, is one of the few artistes in the country, who performed at a paid event almost every weekend in the year, with that, we can all imagine how fat his bank accounts are. His estimated net worth is about N1 billion.


Written by: Tope Delano



Tope Delano, is a creative content writer/editor at She is a graduate of English and Literary studies who enjoys writing and listening to music. When she is not writing or listening to music, you will definitely find her reading or watching a romantic comedy movie
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54 total comments on this postSubmit yours
  1. Are this networth true?

  2. hmmm is that sooo

  3. Una try gan…..even the artists are laughing and wishing its true

  4. Stupid lies

    • I swear

  5. Una no get sense. This shit is old. What is Olamide and timi doing there? Do you know that wizkid’s sony deal is much higher than davido’s? Una just dey Yan shit. And btw Peter and Paul are more than guys should always get your facts right. Una no go work on Una sight na to dey post rubbish article.

    • C fool,sony don sign wizkid?…na ur papa tel u say him deal big pas davido abi,okponu.

      • Idiot confirm facts before you start yarning dust, ode… Sony signed Wizkid as a matter of fact, naïve bast*rd

  6. Jack shit

  7. una too dull ooo…This shit sucks…#Foolish list#Very incorrect

  8. im not sure if this is true coz i dont see flavour there

  9. Playaaah turn ur head round
    Lay on the ground
    You’ve bin robbed
    Wake up! Open da door
    Lay on tha ground
    You’ve bin robbed
    Just hush player hatin, grab ur cheese too. idiots…

  10. So no one get private jet abi?????

  11. This is simply the imagination of the writer.

  12. Lmfao wahs dis who wrote dis magnanimous shit…can’t stop laffing mehn


  14. were is my NIGGA phyno fine noo

  15. His luxurious home on the Island is reportedly worth N38 Million…. Please where can i found a house on Lagos Island that is just 38million naira? Haba Tooxclusive always read ur posts before posting junks for us.

  16. confirm lie……una lie b lyk ijebu garri wey dey rise. Timi Dakolo nor even smell 10 self….

  17. What the f**k is wrong with tooxclusive?you just posting rubbish on here,,non of them are billionaire…

    • They re bro….

  18. Wtf is this?tooxclusive is f**king crazy for this one,where would they get that kinda money from? Why are u behaving like an illiterate? If not from the free download music i get from here i would have delete your fucking site…hissss

  19. Nice post its damn correct davido net worth is 4b plus

  20. Your article is blatantly erroneous. Where did you get your facts from? Did you even investigate? Are you Forbes? In as much as you what to worth these artistes or make an article, don’t sell fallacy.

  21. Were’s Favour and iyanya.. Mr writter u high on some cheap drugs! ?

  22. funny… really funny… almost believed the bloody lie until I saw timi dakalo.. I mean even Duncan mighty is sure worth times 2

  23. funny… i almost believed the bloody lie until I saw timi dakalo.. I mean even Duncan mighty is sure worth times 2

  24. Una don F up for this content una write total rubbish…

  25. Where 2baba?

  26. Wackest List Eva.

  27. Where iS d’banj???? This is trash dude

  28. The funniest thing is that all these artistes don’t have even 1 Billion.

  29. Peter & Paul still tending..
    they can never be defeated !

  30. I am manically casticated

    This is shit! Don jazzy and flavour is not there
    You people are suffering from mental metabolisim


  31. Whr is DON JAZZY

  32. Where is Mr Oyalima flavour…..?

  33. Nna Mehn dis tooxclusive una too dey misyarn Nna Mehn which one b say davido pass wizkid eh.dat list Tubaba,don jazzy,dbanji no dey ehh.Nna Mehn d worst na Timi dakolo eh

  34. Una dey craze tuBaba Don jazzy dbanji Timaya flavor iyanya just imagine ..timi dakolo

  35. I did not even say D banj

  36. I did not even see D banj

  37. Psquare us far above 5m.. they av a brewery in congo worth over $15m. Also where is 2baba… dbanj..flavor… tiwa.. donjazzy… etc????

  38. Where is 2baba nd donjazzy nah.

  39. lies

  40. Liesss

  41. absolute crap… you guys just wanted comments

  42. Wia is mai banga lee

  43. @tooxclusive… don’t you guys feel so ashamed of embarrassing yourself? na wah oo… this sin’t part of staying relevant if that’s your guess… This list is sure fake… Davido’s profile could not even be compared to that of wizkid… wizy’s profile alone was glaring… 120m Glo Deal, One Dance Sales/Streaming Commision, Sony Mega Deal, Highest Paid African Artist, The only African to go on a World Tour… Guest Artist on 4 Countries on #OneHellOfANightTour… What the fuck you guys saying… Davido can’t and never would be compared to wizy… he’s trying alright, but hell not in wizy’s league. Olamide is a poor boy… he only goes for 2million naira show… he’s local… so he can’t even be in that List. I bet you, Tiwa Savage is far more richer than Olamide… Tooxclusive, pls try and get your facts right or post nothing

  44. Oma ga Ooo. Una just dey dash billions. Na so he easy? Where mai Banga lee, 2baba, and don jazzy.

  45. Na lie! wat about dbanj 2baba nd Don jazzy

  46. Lols… Biggest lie of the year.. Tooxclusive = lienus mba

  47. Music Addict…..u correct die………..wizzy pass davido now,endorsment everything he pass am!

  48. naa shit be this wetin olamide dy find for there , ..asin confirm shiiit!!


    • koni dafun e…. how much do u think olamide makes from his concerts???? u think say na beans


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