Nigeria, the most populous country in Africa has been in the news in recent years since becoming the leading economy on the continent. While it leads the pack in terms of economic activity, the country also has a thriving arts and entertainment industry. The country is renowned for its booming film industry in the form of Nollywood, while it also has its fair share of successful musicians.
Trying to find the richest musician in Nigeria can be quite a complex process.
When considering the net worth of the country’s top musicians, one has to take a number of factors into consideration. These factors include:
How much you are worth as an asset based on your work
- Your achievements
- Your investments
- Your popularity
- Album/ music sales
- Ringtone sales
- Concert proceeds
Hip hop musicians are some of the highest-earning musos in the Nigerian industry. Names such as D’banj, Banky W, Ice-Prince and Davido consistently feature on lists compiled of the richest musicians in Nigeria.
P-Square, the RnB duo made up of Peter Okoye and Paul Okoye, top the list and claim the title of the richest musician in Nigeria.
Inspired by their music icon, the late Michael Jackson, the identical twins formed the group “Smooth Criminals” in 1997. While studying, they continued to perform around Nigeria and gained more recognition through the years.
The duo has performed with artists like Ginuwine, Sean Paul and Senegalese start Akon. They have also recently collaborated with hip hop star and actor T.I.
Through their music, their various collaborations, sponsorships and estate investments they have amassed considerable wealth.
As Globacom ambassadors P-Square have also managed to get a net worth of about $110 million, making the duo the richest musician in Nigeria.
The brothers recently bought mansions next door to each other in Atlanta, in the United States.