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Top 10 Richest Artistes in Nigeria 2018

Nigerian Music has travelled far and wide, fetched million naira deals for artistes, empowered many from the grass roots and set others on the roof top. Here is a list of 10 richest Artistes in Nigerian Music Industry in 2018.

Frank Edwards is a Nigerian gospel singer, song writer and recording artist .He is founder and owner of record label, Rocktown Records. The record label is one of the most successful ones in the music industry, the top gospel artist earns his money from the live performances , endorsement deals and album sales. Frank Edwards is one of the top 5 richest in Nigeria. He is also among the few gospel artists that have collaborated with international Gospel artistes. Frank Edward has set the record for modern day Gospel artiste and he is one of the richest Gospel Artistes.

Timi dakolo is the winner of the maiden edition of the West African idol. With his victory, he got a recording contract with Sony BMG and since then he has been making lots of monies. The “wish me well” crooner makes his money from music and performances at private and corporate events, and he gets well paid. He is one of few artistes who Performs at paid events almost every weekend in the year and in all states of Nigeria.

Paul is also known as Rudeboy. Since the ‘death’ of Psquare, Rudeboy has gone solo with his career, though he’s not as rich as his former partner and brother, He is still one of the richest Musicians in the Nigerian music industry.

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7. MR P
Second person on the list is Peter Okoye, popularly known as MR P, twin brother of Paul . Considering their individual endorsements, Peter is said to be worth more than his brother as he has more endorsement deals than him. He was recently endorsed by Adidas; a German multinational corporation. He is also the owner of a popular TV show “dance with peter” sponsored by Globacom.


Baddo with numerous singles this year and addition of new talents to his YBNL is the 6the on the list of the Richest Artistes in Nigeria 2018. He has bagged several endorsement deals with Monster, Globacom, etc and is currently on of the Millionaire artistes in Nigeria with many commercial songs hitting the streets week in week out.


African Queen B, Tiwa Savage who is a cofounder of the 323 Entertainment , a Mavin act and signed to Sony with numerous endorsement deals with Pepsi, and others is definitely one of the richest artistes in Nigeria 2018.

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4. 2BABA

Africa’s and Nigeria’s Music Living legend 2face Idibia popularly called 2Baba couldn’t be left behind in this list. He is the CEO of hypertek Music , a singer and also a real estate broker. With Amazing hits like Amaka recording millions plays and buys on digital stores, one will be mistaken to strike out the music millionaire in this countdown.


Arguably a musician buy has records to his name. He is the head of the self acclaimed biggest record label in Africa in terms of records, albums and artistes. He pioneered the growth of Mavin Records and has seen stars like Tiwa Savage, Reekado Banks, Korede Belle, Johnny Drille, Dr SID, etc . He is not just a musician, he is a business guru.


Arguably the most talented artiste in Africa and the CEO of StarBoy Entertainment who has bagged several international collaborations, endorsement deals with Nike, Ciroc, etc and who has stained the Nigerian Entertainment Scene with his “Stew Gang” is definitely on top of his game. His current worth is in millions of dollars.

Nigerian entertainer and DMW boss Davido, sits at the summit of the list. The singer has released loads of hit songs in the past years. Davido has gained prominence in Nigeria and Africa and has accumulated unbelievable wealth. He gathers large numbers of views on YouTube more than any other Nigerian artiste, he’s been able to strike huge endorsement deals with giant companies like Axe, Infinix, Pepsi. Davido is currently Nigeria’s richest musician.

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