Nigerian celebrities currently rank among the richest in Africa and indeed all over the world. The Nigerian celebrity scene majorly includes players and stakeholders from the entertainment industry and the movie industry.
This post highlights the top ten richest celebrities in Nigeria. Some of them earned their good fortune through hard-work and sheer willpower, while some others were born and groomed in wealth. They are ranked in order, from the richest to the least rich among the top ten. Rankings are based on their earnings, endorsement deals, known investments and popularity.
Arguably the most controversial celebrity twins of all time, Peter and Paul Okoye are one of the richest and most influential artistes in Nigeria at the moment.
Even though they do not perform or sing together as a team anymore, they are still related by blood, and they still have massive assets at their disposal.
According to Forbes, PSquare’s net worth stands at a whopping $70 million.
#2. David Adeleke (a.k.a Davido)
Davido is one of the richest and most talented music artistes that Nigeria has ever produced. Unlike many others who worked hard to earn their money, Davido was born into a wealthy family. His father, Chief Adeleke is a billionaire businessman in Nigeria.
Davido’s songs are very popular all across Nigerian and Africa. Asides his music exploits that fetch him millions, he regularly performs at selected shows, and he also serves as brand ambassador for some global organizations.
The ’30 Billion Gang’ crooner has won awards within and outside Nigeria. He is worth $19 million.
#3. Don Jazzy
Don Jazzy is unarguably the wealthiest music producer in Nigeria, and possibly in the whole of Africa. He is the Chairman/CEO of Mavin Records, and he has lots of successful artistes under him like Korede Bello, Reekado Banks, Dija, and Tiwa Savage.
Don Jazzy earns from his music career, and also from being a brand ambassador for loya milk in Nigeria. For producing songs, Don Jazzy allegedly charges in excess of a million naira. His deal with Loya milk also runs into several millions of naira. He is worth 18.5 million dollars.
#4. TuFace Idibia
TuFace is popularly known for his all-time hit song, African Queen. He is one of the most decorated African musicians of all time.
He started his music career as part of a singing group called Plantashun Boyz. The group disbanded over time and he began to go solo with the stage name ‘TuFace’.
His incredible vocals and great songs earn him a fortune, as well as his live performances and endorsement deals with telecommunications giants Airtel Nigeria, and also Guiness Nigeria.
He is worth over $16 million.
#5. Dapo Oyebanji (a.k.a D’Banj)
D’Banj is the undisputed ‘koko-master’ of all time. He started his career early and eventually got involved with Mo Hits records. However, after a few years, the group split up and he was left to himself. Those who remained form what is now Mavin Records.
He makes a lot of money from incredible album sales; but his greatest income stream yet would be the endorsement deals that he has signed with several local and international organizations.
He is worth $13.5 million.
#6. Wizkid Ayo
Wizkid Ayo is one of the hottest music acts in Nigeria at the moment. A large portion of the top Nigerian celebrities are musicians, and Wizkid has earned his place at the top half of the list.
Wizkid started out as a protege of Bankole Wellington a.k.a Banky W, founder of E.M.E Records. However, as is the trend among Nigerian acts, Wizkid soon broke out to establish his own record label named Starboy Records. Since then, his stock has increased exponentially, and he has won several awards within and outside Nigeria.
His main source of income is album sales, and then live performances. He is said to charge millions of naira for each live performance at an event.
His current net worth stands at $12 million, and he also earns substantially from lucrative endorsement deals with Pepsi and MTN Nigeria. He owns a luxury multimillion naira house at Lekki, Lagos State, as well as a fleet of luxury cars and expensive wears.
#7. Genevieve Nnaji
Genevieve Nnaji is one of the most popular actresses to have graced the screens and stages of Nollywood. She can rightly be called a veteran of the celebrity business, and she has earned her right to be on the list of people who are the richest celebrities in Nigeria.
According to reports, she charges more than a million naira for each movie that showing her face is required. Asides that, she also runs a clothing and perfume line.
Genevieve is the richest female celebrity in Nigeria. She is currently worth $9.2 million.
#8. Bankole Wellington a.k.a Banky W
This handsome actor is one of Nollywood’s finest. He is one of the few celebrities in Nigeria to have moved from a music career to an acting career, with keen sights on politics.
Banky W founded E.M.E Records, under which Starboy Wizkid Ayo served before he founded his own record label.
Banky has been a role model to many young people in Nigeria. He has won numerous awards for his breath-taking performances and for his overall contribution to the beauty of Nollywood. He recently featured in EbonyLife’s Wedding Party movie, where he acted as husband to Adesua Etomi, now Adesua Wellington.
Banky is on to endorsement deals with MTN Nigeria, and he has also featured in promotional and informative videos by Microsoft. His net worth stands at $9 million.
#9. Olamide Badoo
Olamide is also one of the richest musicians in Nigeria. The talented rapper is known for singing and rapping in his local Yoruba dialect.
Olamide’s wealth is due to several lucrative endorsement deals he has signed with a couple of national and international brands. He is currently a brand ambassador for Glo Nigeria.
He is also well acquainted with billionaires in the country like Alhaji Aliko Dangote, Mr. Femi Otedola, and a few others. His current worth is slightly in excess of $6 million.
#10. Funke Akindele
One name readily comes to mind whenever Funke Akindele comes up, and it is ‘Jenifa’. Funke Akindele’s stock rose exponentially after the movie ‘Jenifa’, and the series ‘Jenifa’s Diary’.
At the moment, she is the second-wealthiest female entertainment celebrity in the country.
Funke is no stranger to scandals, but she has not allowed them to deter her from succeeding in her chosen career path.
She is a mother of two children, and still one of Nollywood’s finest actresses. She is currently worth $1.5 million.