I thought
we had
gone past
the era of
list,
apparently
not.
A new list
has
emerged, compile by Ventures Africa.
It’s a list of the 5 richest contemporary Nigerian
entertainers
See list below: -
*******TU FACE********
Born Innocent Idibia, the former member of the
band, Plantashun Boyz, is among the richest artists
in the industry. With two platinum records already
behind him, Tuface (2Face) is speculated to be
worth about 550 million naira ($3.47 million). He has
had endorsement deals from companies such as
Guinness, which earned him 20 million naira
($125,000) and Airtel, which earned him 22 million
naira ($139,000). He was also rumoured to have
collected 30 million naira ($189,000) from the
producers of the Phat Girls movie. Tuface has
invested heavily in real estate and stocks, and
made bug money from it. He once said his goal was
to recover all the wealth taken from Africa.Others
are D’banj, P-Square, Don Jazzy and Banky W. See
their worth after the cut…
*********D’BANJ*********
Apart from his 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, and Koko Mobile. There are
also rumours that he is set to launch Koko Records.
The bulk of his money comes from endorsements –
his endorsement deal with Globacom
telecommunications cost 70 million naira
($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
endorsement which runs into millions is with Chris
Aire, with D’banj acting as the face of his watches.
He collects between 5 million naira ($31,500) and 7
million naira ($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. D’banj once said, “I
work hard so that money, awards, endorsements,
bookings and kokolets chase me.”
********DON JAZZY*********
Real name Michael Enebeli, Don Jazzy, is the
founder of now defunct Mo’Hits and now runs Mavin
Records. 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.
********P- SQUARE*********
Singing and dancing duo Peter and Paul Okoye won
the KORA award for Best Africa Artiste in 2010,
collecting a $1 million prize in the process. Shortly
after, the duo got an endorsement deal with
Globacom telecommunications worth about 240
million naira ($1.5 million) for four years. Their
seven-city American tour in 2010 earned them a
whopping $1m and have also built a house valued at
300 million naira ($1.9 million). They own Rayfield
Hotel, Jos, and two multi-million naira factories in
the same city, where they built a multimillion naira
bakery and sachet water companies for their
parents. The bulk of their wealth comes from
concerts, especially in Africa, where they charge
about 2 million naira ($12,600) per show. They
have sold over 14 million copies of their CDs since
2005.
*********BANKY W********
Banky W has become one of the richest
entertainers in the industry, making 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 Estisalat, 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. 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
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