It is now a fact in Nigeria that one main place to find the richest people (in terms of money and properties) in the country is in the entertainment industry.
Taking our focus to the Nigerian Music Industry, records have it that Music has been paying heavily in Nigeria for the past ten years. No wonder average Nigerian youths sees music as one of the quick means to wealth and fame. To proof this, take a look at the individual life’s of the music artistes – especially their backgrounds and who they are today. Well not all of them.
Back to the topic, who is/are the richest music artiste in Nigeria? Well here is a list of the top 10 richest artistes made available by T.I.N. Magazine.
There are different criteria for rating who is the richest or wealthiest but according to T.I.N. Magazine, here are the criteria used for this rating.
=> First is the situation the artist (as in – Is he or she signed to a label or on his or her own?)
=> How many hit songs has the artist released and the sales of these songs on Itunes
=> The status of the artist is he/she new or has been in the industry for a while?
=> How much does he or she charges for shows
=> How often does he or she go to shows
=> How many tours he or she went to and how many crowd it pulled
=> Did the artist release an album? if yes, did it sell well in market and on ITunes?
=> How many endorsements and how huge is the money?
=>Does he or she run any other business?
10. OLAMIDE
Olamide is a popular Nigerian indigenous rapper and arguably the most popular rapper of the moment. He is definitely among the most Consistent artists of all time.
He is highly paid since Etisalat signed him in 2013 and they’ve been renewing his contract with him. He also made the list of Guinness ‘Made of Black’ with Phyno and others.
His source of income is definitely not from endorsements, He makes a lot of money from many shows and song sales on itunes as his songs are always topping itunes buying chart most times.
The rapper is a label owner who makes money off his label artists.
Click Page 2 for Next Artist.
