Top 10 Richest Entertainers in Nigeria

With certain diversity in the Nigerian entertainment world, several celebrities and personalities are smiling to the bank with loads of money. Whether through endorsements, family money or investments, these following individuals are ranked from the highest visible to the least high moneybags in the industry.
This analysis is done due through the combination of investments, assets and endorsements over the years all over Nigeria and even outside the country. The following entertainers are topped by the duo, P Square with their worth running into almost N4billion from a home in San Francisco, USA with an estimated cost of N434 million ($2.89million) to P-Square’s deal with GLO is said to be N140million, a mansion in Lagos worth N400million then they own Rayfield Hotel, Jos and several landed properties and auto-mobiles. Tu Face is next in line with an estimate of over N800 million, then Genevieve worth of N600 million who is third place. The Koko master, Banga Lee who is worth at least N 300 million is fourth place.

P Square

P Square: The twin pop sensation, respectively Peter and Paul Okoye are undoubtedly reckoned the richest artistes in Nigeria due to investments and endorsements as a group. The duo have invested widely and their assets are running into billions of Naira in and outside the country. P-Square’s deal with GLO is said to be N140million. P square’s notable investments include a home in San Francisco, USA with an estimated cost of N434 million ($2.89million) in 2013, a private jet in 2012, a mansion in Lagos worth N400m. The twins who are from Anambra state have landed properties in Jos and Port Harcourt, they own Rayfield Hotel, Jos and two multi million Naira factories also in Jos.

Bulk of their earnings comes from concerts, endorsements and CDs sales. They are said to have sold above 14 million copies of their CDs since 2005. They won the KORA award for Best Africa Artiste in 2010 with the sum of $1m. They charge about N4m per show and in 2011, they signed a multimillion Naira deal with Akon Konvict music. They have in their garage, the duo has two SUVs, one hummer SUV, truck bus, among other cars worth millions of Naira.

Tuface

Tu Face Idibia: He was born Innocent Ujah Idibia from Benue state, a former member of Plantashun Boyz and lead vocalist of the group, is the highest on the ranking as an individual. Tu Baba with three platinum records already behind him is estimated to be worth over 600 million naira ($3.47 million). He has had endorsement deals from companies such as Guinness, which earned him N20 million ($125,000) and Airtel, which earned him N22 million. He was also rumoured to have collected N30million ($189,000) from the producers of the Phat Girls movie. Tuface has invested heavily in real estate and stocks, and made big money from it. He once said his goal was to recover all the wealth taken from Africa. His clubs, Rumors, worth over 400million naira both in Festac Town and GRA, Ikeja.

Genevieve

Genevieve Nnaji: The popular Nollywood and singer is representing or has represented brands like Lux.  She bought a luxurious home in highbrow estate, Parkview Estate, Ikoyi which was estimated to be worth N220 million ($2.2million) in 2013 by experts. Cintrion Energy drink raked in N50 million for the actress. Etisalat deal acquired N100 million ($10 million) for her. Then her Polo contract was estimated 70 million naira, and Amstel Malta was signed as its ambassador in March worth millions of naira. In 2010, she was appointed the Face of MUD in Nigeria. The singer acquired a 2013 Mercedes Benz G Wagon of 40 million naira recently, in 2012, she signed a deal with Coscharis Motors , sole dealers of BMW and Landrover in Nigeria worth $100m as the face of Range Rover Sport then later E Vogue with a renewed deal.

Banga Lee

D’banj: He was born Dapo Daniel Oyebanjo apart from the music interests, D’banj has moved into other sectors. His interests include Koko Mansion, a TV reality show, Koko Lounge, an upscale hangout in Lagos and the UK, Koko Foundation, a charity, koko farm that makes Koko garri and Koko Mobile. The entertainer’s endorsement deal with Globacom telecommunications cost N70 million ($442,000). He has a multi-million naira endorsement with energy drink, Power Fist, a deal with the makers of the Virgin Colour soft drink and another huge deal with a popular jeweller. Another of his endorsement that runs into millions is with Chris Aire, with D’banj acting as the face of his watches. He collects between N5 million ($31,500) and N7 million ($44,200) as performance fee for local gigs, and even bigger fees across the rest of Africa and in the US and the UK. Like his old boss, Don Jazzy, D’banj also bagged a recording deal with Kanye West’s G.O.O.D Music. . He has a number of automobile in his garage including a N32 million Naira Aston Martin Vantage. He has a multimillion Naira deal with UAC Foods. His endorsement deal with Globacom telecommunications earned him N70m.

Doro Boss

Don Jazzy: Real name Michael Collins Enebeli is the CEO of Mavin records which he founded in 2012 after his split up with his Mo’Hits partner, Dbanj He is one of the most sought after producers in Nigeria. As a child he was a member of Good Morning Kids, a group created by his father. He is known for his business dexterity, building Mo’Hits from scratch to become one of the biggest entertainment empires in the country. He recently signed a recording deal with Kanye West a move that not only boosted his reputation as an entertainer, but also his wealth. According to a report, Don Jazzy has a black Cadillac Escalade worth N12million, a black Bentley Continental Flying Spur worth N29, 600,000, a black Range Rover Sports worth N9.6 million ($95000)and he has a Porsche 911 Carrera worth over N13 million. The Dorobucci pioneer got paid N50 Million from Loya Milk. He also has a N25 million deal from MTN. He also acquired a house worth over 100 million in NICON estate in Lagos.

OBO

Davido: David Adeleke has a N140 million house in Lekki, Nigeria. According to a report, he wears a luxurious necklace from Ice Box Jewellers called Jesus Piece which is worth over N3 million ($20,000). He also wears a diamond-encrusted Rolex wrist watch worth over $25,000 (3.7million). Cars in his garage include a 2012 Audi Q7, a 2012 Silver Honda Accord, a N6m Chevrolet Camaro and a 2012 model Hyundai Sonata and a Mercedes G55 AMG worth about N30m. He deals with MTN Pulse, the deal is reported to be worth N30 million, while his Guinness endorsement hasn’t been made public. Recently one on of his social media pages, he revealed he has taken delivery of private jet.

Banky W

Banky W: Olubankole Wellington makes the bulk of his wealth from gigs, where he charges between 2.5 million naira ($15,800) and 3 million naira ($19,000) per show and performs three to four times each week. A brand ambassador of Etisalat, one of Nigeria’s telecommunications giants, he also featured in Coca Cola-Nigeria’s World Cup theme song and Microsoft’s Anti-cyber Crime Initiative. He was also face of Samsung products in West Africa, as an entrepreneur, Banky W has invested heavily in various businesses and also doubles as a philanthropist, founding the Mr. Capable Foundation, where he provides tuition fees for indigent and brilliant students. He is also the force behind EME music which has, arguably, the Nigeria’s fastest rising artiste (Wizkid) under the label.

Wizzy

Wizkid: Ayo Balogun deal with MTN is worth N45 million, his deal with Pepsi worth about $350,000. He also has an endorsement deal with Guinness and owns a 150 million naira home in Lekki. He bought a Porsche Panamera S worth N14.6million naira (the first one was involved an accident), in September 2011, he acquired a N6 million blue Volkswagen convertible. In 2012, that he won as the ‘Next Rated’ artiste, 2012 Headies Awards, the automobile was a 2012 model of Hyundai Sonata. He charges N3million to N6 million per show.

Henshaw

Kate Henshaw: She is one of the Nollywood actresses who have made it real big. Unlike many others, she has tried her hands in different ventures, including owning a company that specialises in different businesses. According to a report, she currently owns three buildings and several landed properties scattered all over the country. She is a Glo ambassador and face of Onga (food seasoning company). She is said to have earned about N20m between 2008 and 2010. Recently she has joined politics, which might also be lucrative for her if she wins in her consistency.

Iyanya

Iyanya: born Iyanya Mbuk has a N30 million Aston Martin automobile, Iyanya’s endorsement deal with MTN is worth N60 million. He has a $350,000 endorsement deal with Zinox computers and a N35 million deal with phone manufacturing company Solo Mobile. In 2012, he acquired a home in Lekki then bought a N12million Range Rover Sport.

Here is a list of 10 richest entertainers in Nigeria comprehensively made by LEADERSHIP