10 Richest Nigerian Artists in 2023

We observe as Nigerian artists spend lavishly, live opulently, travel the globe, and buy the most expensive and extravagant homes.

You may be wondering if these musicians are actually living within the boundaries of their means. Oh well, given the money they are earning from their music sales, performances, concerts, and tours, as well as from their significant endorsement deals and other investments, it’s possible.

You can continue reading for more information as we release the list of the top 10 richest musicians in Nigeria.

  • P Square

P Square is a duo that cannot be ignored while discussing the top 10 richest musicians in Nigeria, based on research. The music duo, with a combined wealth of $10 million, is ranked number 9 on the list. Even though P Square took a momentary break from music, their success and influence on African music will never be forgotten.

Yes, P Square is one of the most highly regarded musicians in the music business because of their long history of consistency and significant contributions to Nigerian and African music. When their number-one song Senorita came out, they became widely recognized.

The two make a ton of money from their tours and concerts and share a 200 million naira home on the banana island of Square Ville. They also charge roughly 10 million naira for performances. Alongside their singing careers, they each have endorsement deals and investments that bring in millions of naira, and they each have multi-million naira homes and other assets registered in their names. In Atlanta, USA, they also live close to one another in mansions.

  • Phyno

One of the best and most talented rappers in Nigeria is Phyno. He raps in Igbo, his native tongue, and is very proficient and talented in English. He began his career in 2003 as a record producer before becoming well-known for the popular song Ghost Mode, in which he collaborated with Olamide. The song was warmly welcomed throughout Nigeria, but notably in the southeast where it almost served as the country’s anthem.

The finest at what he does, Phyno is incredibly talented and varied with his raps. He made the rap game appear to be very simple. Not to mention his consistency, phyno has consistently put out excellent albums and songs since entering the music business.

Phyno amassed a lot of wealth as he has endorsement contracts worth millions of naira with companies like Glo, Airtel, and Nairabet. He is a brand ambassador for well-known companies like Monster Energy Drink. Additionally, he has endorsement agreements with Tom Tom, Cadbury Nigeria PLC, and Life Lager Beer. Remarkably, Phyno is the owner of numerous multi-million naira properties and vehicles, including a Rolls Royce Phantom worth 170 million naira, a Rolls Royce Phantom worth 170 million naira, a Bentley Continental GT worth 73 million naira, and a Polaris Slingshot worth 7 million naira. In addition to a property in his hometown of Enugu, Nigeria, valued 70 million naira, he also owns a three-bedroom duplex in Lekki, Lagos, Nigeria.

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