12:35 am
26 October 2016

Nigeria: Top 10 Richest Entertainers in Nigeria

With diversity, innovation and hard work in the Nigerian entertainment industry, several celebrities and personalities are smiling to the bank with bags full of money. Whether through endorsements, family money or investments, these following individuals are ranked from the highest visible to the least high moneybags in the industry. This analysis by ADERIBIGBE TOLULOPE takes into consideration the artistes’ investments, assets and endorsements over the years all over Nigeria and even outside the country.

Here is a list of 10 richest entertainers in Nigeria comprehensively made by LEADERSHIP:

P Square

The twin pop sensation, Peter and Paul Okoye are undoubtedly reckoned the richest artistes in Nigeria due to investments and endorsements as a group. The duo has invested widely and their assets are running into billions of naira in and outside the country. P-Square’s deal with GLO is said to be N140 million. P Square’s notable investments include a home in San Francisco, USA with an estimated cost of N434 million ($2.89million), a private jet, a mansion in Lagos worth N400m. The twin brothers who are from Anambra State have landed properties in Jos and Port Harcourt, they own Rayfield Hotel, Jos and two multi-million naira factories also in Jos.

The bulk of their earnings comes from concerts, endorsements and CD sales. They are said to have sold above 14 million copies of their CDs since 2005. They won the KORA award for Best Africa Artiste in 2010 with the sum of $1m. They charge about N4m per show and in 2011, they signed a multimillion naira deal with Akon Konvict Music. They have in their garage, two SUVs, one hummer SUV, truck bus, among other cars worth millions of naira.