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Top Richest Nigerian Artists From 2010 to 2020

Published By Kez On 9th May 2024, 2:27 pm

Top Richest Nigerian Musicians From 2010 to 2020 

Nigeria music industry experienced a boom during the 2010s, with the emergence of various genres, including Afrobeat, Afropop, and Naija hip-hop.

However, Afrobeat which started in Nigeria becomes very popular not only in the country but other Africa countries too.

These various music genres that contributed to the rich and diverse musical landscape of the country.

The popularity of a specific genre often varied, and multiple styles coexisted. Below are the top richest artists in Nigeria from 2010 to 2020:

1. Wizkid: Wizkid, born Ayodeji Ibrahim Balogun, emerged as one of Nigeria’s most successful and internationally recognized artists. His hit songs such as “Ojuelegba,” “Fever,” and “Soco” contributed to his rise to fame.

Wizkid’s collaborations with international artists and endorsement deals with major brands significantly added to his financial success.

2. Davido: David Adeleke, popularly known as Davido, gained prominence with his debut single “Dami Duro” and continued to dominate the Nigerian music scene throughout the decade.

Hits like “If,” “Fall,” and “Blow My Mind” featuring Chris Brown contributed to his wealth. Davido’s successful record label, DMW, and various business ventures also played a role in his financial success.

3. Burna Boy: Burna Boy, whose real name is Damini Ebunoluwa Ogulu, rose to international acclaim with his fusion of Afrobeat, dancehall, and reggae.

His albums, “African Giant” and “Twice as Tall,” received critical acclaim and contributed to his success.

Burna Boy is recognized globally and endorsement deals bolstered his financial standing.

4. Don Jazzy: Don Jazzy, the renowned music producer, and entrepreneur continued to play a pivotal role in the Nigerian music industry during this period.

Although he transitioned from Mo’Hits Records to Mavin Records, he remained a key figure in the industry and continued to earn from his productions and business ventures.

5. Tiwa Savage: Tiwa Savage, often referred to as the “Queen of Afrobeats,” enjoyed considerable success during the 2010s.

Hits like “Kele Kele Love” and “All Over” showcased her vocal prowess.

Tiwa Savage’s international collaborations and endorsement deals with major brands contributed to her financial success.

6. Olamide: Olamide Adedeji, known as Olamide, is a prolific rapper and singer who gained popularity with his indigenous Yoruba rap style.

His numerous hits, including “Eni Duro” and “Wo,” made him a mainstay in the Nigerian music scene. Olamide’s consistent output and business ventures added to his financial success.

7. Phyno: Phyno, born Chibuzor Nelson Azubuike, made a mark in the Nigerian music industry with his unique blend of Igbo rap and contemporary sounds.

Hits like “Fada Fada” and “Connect” contributed to his success. Phyno’s influence extended beyond music, as he also ventured into acting and other business endeavors.

It’s important to note that the financial success of artists during this period was not solely derived from music sales but also from endorsements, shows, and other business ventures.

Additionally, the Nigerian music industry has continued to evolve, with new artists rising to prominence in subsequent years.

The Nigerian music scene from 2010 to 2020 was characterized by a dynamic and diverse range of genres.

Further establishing Nigeria as a powerhouse in the global music industry. Several key trends and developments shaped this period:

  1. Afrobeats Dominance: The term “Afrobeats” gained widespread usage during this period to describe the fusion of traditional African rhythms with various contemporary genres such as pop, hip-hop, dancehall, and R&B. Afrobeats became the flagship genre, and Nigerian artists played a central role in popularizing it globally.
  2. International Recognition: Nigerian artists gained increased international recognition, collaborating with major international acts and performing on global stages. Wizkid, Burna Boy, and Davido, among others, achieved significant success beyond the African continent.
  3. Rise of New Talents: The decade witnessed the emergence of new and diverse talents across various genres. Artists like Mr Eazi, Teni, Fireboy DML, and Rema made significant contributions to the evolving sound of Nigerian music.
  4. Digital Revolution: The advent of digital platforms and social media played a pivotal role in the promotion and distribution of Nigerian music. Artists leveraged platforms like YouTube, Spotify, and SoundCloud to reach a global audience, reducing the reliance on traditional record labels.
  5. Afropop and Dancehall Fusion: Afropop continued to evolve, incorporating elements of dancehall and reggae. This fusion resulted in infectious and danceable tunes that resonated with both local and international audiences.
  6. Afro-fusion and Experimentation: Some artists, notably Burna Boy, championed the Afro-fusion movement. This genre defied strict categorization, blending Afrobeat, reggae, dancehall, and other global influences to create a unique sound.
  7. Increased Collaboration: Collaboration between Nigerian artists and international musicians became more common, leading to the global dissemination of Nigerian music. This collaborative spirit helped bridge the gap between the Nigerian music industry and the global entertainment scene.
  8. Shift to Streaming Platforms: With the decline of physical music sales, streaming platforms became the primary medium for music consumption. Nigerian artists adapted to this shift, making their music easily accessible to a global audience.
  9. Major Events and Festivals: Major music festivals and events, such as the Lagos Music Festival, Afronation, and One Africa Music Fest, gained prominence, attracting both local and international audiences. These events provided platforms for artists to showcase their talent on a grand scale.
  10. Sound Engineering and Production Quality: Advances in sound engineering and production quality contributed to the global appeal of Nigerian music. The industry saw a rise in studios adopting international standards, resulting in polished and professional productions.

Overall, the period from 2010 to 2020 marked a transformative era for Nigerian music, solidifying its position on the global stage and influencing music trends far beyond the borders of the African continent.

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