By Mirembe Martina
When it comes to the entertainment industry, Nigeria is as well-developed as South Africa and it is considered one of the fastest growing entertainment industry in Africa.
Its growth rate also includes just how much money its artists make. Check out the top three richest Nigerian musicians of the year 2013.
Innocent Ujah Idibia commonly known as 2face Idibia is the richest artist in Nigeria. His 2006 song, African Queen brought him to the limelight; his Unstoppable International Edition album, released in 2010, won two awards at the 2010 SoundCity Music Video Awards. He also won the Channel O Music Video Awards Best African Western award and the MTV Africa Music Awards for Best Male and Artist of the year. He is part of the Sony All African One8 Project alongside seven other musicians across Africa recording a single with R.Kelly and Prince Lee titled “Hands Across the World.” According to a rumor, the newly wed husband to Annie Macaulay paid a sum of N10 million each to Pero and Sunbo, the mothers of his other children. Since then, he has opened a multimillion naira supermarket for Annie, plus other deals he’s secured for himself.
He’s speculated to worth over N550m with endorsement deals with Guinness, Airtel which earns him N20m and N22m respectively. He charges between N4 million and N5 million for shows. The artiste has invested heavily in real estate and stocks also.
Dapo Daniel Oyebanjo known by his stage name, D’banj has won several music awards including the awards for Best African Act at the MTV Europe Music Awards 2007, Artist of the Year at the MTV Africa Music Awards 2009 and BET Awards of 2011 for Best International Act; Africa. D’banj is currently best known internationally for his 2012 summer hit Oliver Twist. He owns businesses like a TV reality show called Koko Mansion, a hangout in Nigeria and US, Koko Lounge, Koko Foundation and Koko Mobile. D’banj also signed a deal with Glo worth N7 million. Power Fist and Virgin Colur soft drink also signed him into a multi-naira deals, and another multimillion deal with a popular jeweler.
He has a deal with Chris Aire as the face of his watches, and another with UAC foods. He collects between N5m to N7m for local gigs, between $80 000 and $150 000 for African shows, E40 000 and E60 000 for UK shows and $50 000 to $60 000 for American gigs. And like Don Jazzy, he also earned himself a record deal with Kanye West.
Lastly are identical twins, P-Square who remain the best R&B duo group in Nigeria and in 2011, they were signed under Konvict Music label owned by Akon. Their best selling album, Game Over sold over 8 million copies worldwide in 2007 and in 2009, they released another Danger with both winning awards like the BET and MTV Best Act. They have a mansion which they dubbed “Square Ville”, valued at N300m. The brothers have now entered into a distribution deal with Universal Music Group for the distribution of the CD’s, DVD’s globally. They have a deal with Glo worth N240m for four years. Their American tour of seven cities earned them a whooping sum of N150m. They own Rayfield Hotel, Jos and two other manufacturing factories where they built a bakery and pure water manufacturing companies also in Jos. They are said to charge N2 million per show.