Celebrity is a condition of a certain standard of fame and broad public recognition of a particular person or group as a result of the attention given to them by mass media. An individual may attain a celebrity status from having great wealth, their participation in sports or the entertainment industry, their position as a political figure, or even from their connection to another celebrity.
Most celebrities in Nigeria are from the entertainment industry. The majority of their wealth comes from endorsement deals, collaborations with other artists, assets, and income from performances.
In this post, you will learn how much these celebrities are worth and how much money they make and spend.
Top 15 Richest celebrities in Nigeria
Davido is a songwriter, singer, record producer, and businessman. He made his wealth mainly from his music career. With an estimated net worth of $40 million. Multiple endorsements and an explosive music career contribute to his portfolio.
Since he is arguably one of the best artists out of Africa in recent times, we wouldn’t know if anyone saw this coming for Ayo Balogun after dropping his hit single ‘Holla at your boy. He has multiple expensive endorsements for brands like UBA and Ciroc among others, his estimated net worth is $35 million.
3. Linda Ikeji
Linda Ikeji is the most popular blogger, entrepreneur, and former model with quite a number of endorsements and promotions for big brands. Linda has been able to ‘get the bag’ for herself. Her net worth is estimated to be $35 million.
Founder and CEO of Mavin Records, Michael Collins Ajere, popularly known as Don Jazzy, is a music producer, singer, entrepreneur, and philanthropist. Most of his wealth was acquired from big endorsements and a flourishing record label. He has an estimated net worth of $32.6 million
5 Funke Akindele
she is currently the richest female celebrity in Nigeria, due to her huge endorsement deals, for example, she is the brand ambassador for an Iroko TV
Her net worth is estimated to be around $30 million
5. Burna boy
Burna Boy ranks as the 8th richest celebrity in Nigeria. He is a singer, songwriter, and record producer. He earns a good portion of his net worth from the sales of albums, YouTube views, performances/live shows, and endorsement deals. In addition, he owns a record label called Spaceship Entertainment. His net worth is estimated to be $17 million
He is a singer, songwriter, and businessman. Apart from his numerous endorsement deals, music album sales, and performances, D’banj has a record label called DB Records which he earns from. In addition, he has several other businesses, some of which are MCOMM Ltd (Median Mobile Communications Limited), and D’Kings Men Media Limited. His car collection includes a Ferrari f430, Aston Mavin Vantage, and Porsche Carrera. The celebrity also owns some houses in strategic locations in the country. His net worth is around $13.5 million.
Desmond Elliot is an actor-turned-politician. He started his career and rose to fame in Nollywood before switching his career to politics. As an actor, Desmond starred in over 200 movies and produced several others. When he joined politics in 2014 as a lawmaker, he combined his political career with movie production and directing. The actor earns a part of his net worth from endorsement deals that he signed with some multi-national companies. In addition, he owns and earns from a movie production company called Denziot Production. His net worth is $11 million.
8. Banky W
Banky W is a singer, record producer, songwriter, and actor. He earns a chunk of his net worth from singing, album sales, and endorsement deals. He also owns a record label called Empire Mates Entertainment (E.M.E) which has signed so many Nigerian artists and is now in the business of talent management. Banky’s car collections are Range Rover 2008 edition, Rolls Royce Phantom, and Toyota Land Cruiser Prado. He also owns a mansion in Lekki, Lagos State.
9. Tiwa Savage
This celebrity has recorded a lot of achievements and won a series of awards which include one MTV Africa Music Award, two Headies Awards, one Channel O Music Video Award, one Nigeria Music Video Award, and two City People Entertainment Awards, among others. Tiwa has signed many endorsement deals worth millions. She is the brand ambassador to top companies like Pepsi, Forte Oil, MTN, and Maggi. Tiwa Savage’s current net worth is said to be $10 million this 2022.
10. 2face Idibia
2face was among the plantashun boiz crew and had been ranked as the richest musician in Nigeria and Africa for a long time before Davido and Wizkid took the stage.net worth is estimated at a sum of $9 million
it will surprise you to know that the Nigerian richest celebrity with the highest endorsement deals is Genevieve.
Her deals with top brands like Lux, Amstel Malta, Polo, Etisalat, e.t.c puts her among Nollywood’s highest earners 2022. It was rumored that she purchased a mansion in Ikoyi for N220 million and owns a clothing line, St Genevieve. Her net worth is estimated to be around $9million
12. Kate Henshaw
Kate Henshaw is a popular Nollywood actress who has been in the limelight for a long time now. Kate Henshaw’s net worth is said to be estimated at $9 million. She has acted over 50 nollywood movies and has attained celebrity status. In 2008 she won the Africa Movie Academy Award for Best Actress in a Leading Role for the film Stronger than Pain.
Olamide Badoo is a multiple award-winning rapper, singer, and songwriter who has been in the music industry and at the top of his game for 10 years. Most of his wealth from multiple endorsements and a flourishing career. His net worth is estimated to be $6million
14. Phyno – $5 million
Just like Olamide, Phyno is another popular Igbo rapper that has attained celebrity status. His songs are mostly in Igbo but he has other songs in which he sang in English. Phyno is said to be worth $5 million.
Ayo Makun, popularly known as AY, is a famous comedian and actor. He came into the limelight after working for Alibaba as an event manager and personal assistant. He has since then established himself, gaining fame for hosting a comedy show called AY Live. In addition to his work in comedy, AY is also a force to reckon with in the movie industry. He is a movie producer, director, and actor. The comedian has starred in many Nigerian movies, and this adds more money to his already fat pocket. All these endeavors fetch him a lot of money that has contributed to his net worth. He is worth $4.7million.
Nigeria has the highest number of successful celebrities in Africa. Most of this celebrities are in the entertainment industry.
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