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Davido Tops List Of 10 Richest Musicians

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The Entertainment industry is one of the best things that has happened in Nigeria. The giant of Africa besides the oil and gas sector is about the most viable sectors of the nation’s economy. Our musicians have been doing us proud and they make several billions of naira and millions of dollars as a reward for their creative efforts.
Among these musicians are the top 10 richest in 2018 drawn from cumulative wealth, shows and concerts, endorsements investments, tours and album sales among other sources. The ranking is from number 10 on the list to the 1st. They include:
Flavour/Olamide, BankyW, Timaya, Paul Okoye and Peter Okoye, others are 2 Baba Idibia, D’Banj, Don Jazzy and Davido.
These super stars no doubt are among the best in the world, they have also contributed to the growth of the nation’s economy and image rebranding.
Flavour/Olamide
Contemporary highlife King, Flavour and Street Mafia Olamide are tied to the tenth position in the ranking. Flavour who is a fantastic live performer makes huge money from performing at high profile gigs.
The singer is a brand ambassador for brands like Bullet Energy drink, Hero beer etc.
Meanwhile, Olamide the also charges quite a huge fee for shows, the Bariga born artiste runs a yearly tour across United Kingdom, Europe and America.
He is Hennessy and Glo ambassador and Leo of digital TV channel VOTS (Voice Of The Street). The estimated net worth of both Flavour and Olamide is pegged at around N3 billion.
Banky W
Olubankole Wellington is an all round boss and he has money to show for it. His status changed last year when ‘Mr Capable” said bye bye to Bachelorhood as he married actress Adusua Etomi.
Banky W is a huge brand influencer and rakes in millions of naira as brand ambassador for multinational companies like Samsung, Uber etc.
The singer has also delved into acting, film production, event host and public speaking. His estimated net worth is put to be around N3.5 billion.
Timaya
Born Enitimi Alfred Odom, the Nigerian dance hall king is one of the top 10 richest artistes in the game. The DM records boss is not cheap when it comes to his gig fee. According to close sources, Timaya charges 8 million naira to show up and perform at an event.
Currently, Timaya has endorsement deals worth several millions with Glo and cognac brand Hennessy. A few months back, Timaya moved into a palatial mansion in Lekki worth hundreds of millions. Timaya’s estimated net worth is put at N4 billion.
Paul Okoye
Rude boy, member of the defunct P-Square duo takes number seven spot, Paul and his twin brother Peter used to dominate the African music scene until they split last year. The duo used to charge the highest gig fee for a Nigerian artiste that has somehow changed as he now stands alone.
Notwithstanding, Rude boy is still a big shot in the music business with his estimated net worth of about N5.6 billion.
Peter Okoye
The other half of the defunct P-Square duo, aka Mr P is still doing fine as a solo artiste, even before the split, Peter had solo endorsement deals with Kia Motors, Olympic Milk etc. Since the break up’, MRP. “has embarked on solo tours around America, Europe etc.
The dancer and singer has a new clothing line in the works awaiting official unveiling. His estimated net worth is N5.8 billion.
2 Baba Idibia
With over two decades strong in the Nigerian entertainment industry, Innocent Idibia better known as 2 face or 2 Baba is a double OG. The 42 year old singer has a brand friendly persona which has seen him clinch mouthwatering deals even ahead of younger colleagues.
Currently he has endorsements with Compare, Glo etc, he has real estate investments including his Rumours Night Club in Lagos. The “Gaaga Shuffle” crooner’s estimated net worth spices to about N5.9bn.
D’banj
His music may not be his best selling commodity at the moment, but D’banj’s business and branding acumen are as strong as ever, a big negotiator. He is a brand ambassador to top brands, besides his brain child cream platform was valued last year by an American firm to be worth about $100,000.00.
Don Jazzy
Micheal Ajere Collins, aka Don Jazzy takes the numbers three spot on the list. The ace music producer has moved on quite seamlessly from being a beat maker to a full fledged businessman. Don Jazzy is the CEO of Mavin records which houses top stars like Tiwa Savage, Reckado Banks, Koredo Bello etc.
He has many music related businesses known and unknown. The music maker’s net worth is valued to be around N7.5 billion.
Wizkid
Second on the list is popularly known as Wizkid, fondly called star boy. Wizkid is the biggest music export out of Nigeria in the past 4 years. The singer’s achievements are enormous including topping bill board hot 100 music chart, earning a Grammy Award nomination, several legit international collaboration, performing at international music events etc.
Davido:
Davido, the Baddest!, Nigerian entertainer and record label boss, David Adeleke sits at the summit of the list of top 10 Richest Nigerian Musicians. The DMW boss has arguably made the most money in the past 12 months than any other contemporary Nigerian artistes.
The singer is the leader of the popular 30 Billion Gang, he has made the most hit songs in the past year too. Since last year Davido has been touring around the world performing at sold out concerts during the 30 Billion tour which is still ongoing.
The past year has been fantastic for Davido’s tracks, ‘if’, Fall which have crossed over 60 billion views on you tube, the ‘Aye’.
Crooner revealed that he has made over $1million off pon pon sound, he has secured new endorsements with perform brand AXE, infinix mobility ect.
He has been rumoured to have recently purchased a bom bardia jet.
Davido’s estimate net worth is put at N9 billion.

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Davido Narrates How His Song Became President’s Ringtone

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Nigerian megastar, Davido shares how his father recognised that his music was getting big.
Davido says his hit single ‘Dami Duro’ was the president’s ringtone
During an interview with newsmen, Davido spoke on the early days of his career and how he eventually got his father’s approval to make music.
The Grammy nominee shared the familiar story of how he left school in Atlanta and returned to Nigeria to pursue music without his father’s blessing which later led to his business mogul dad getting him arrested.
“I don’t think he did not want me to do music, he just wanted me to be successful as whatever I did because he got a blueprint for me already,” Davido said on his father’s early reaction to his decision to make music.
“He is so supportive and he checks on everything…My dad picks my album. When I am done, I send him all the tracks and my dad goes through all the records and gives me a paragraph each,” Davido narrates the personal interest and support his Dad gives him.
“My dad gave me the name Davido…The first show I did, he arrested me, the fans, the promoters,” Davido said laughing as he narrated the story of how his father got him arrested after he returned to Nigeria without his consent and had his first show as a 17-year-old. “He just wanted me to finish school,” Davido added about his father’s insistence that he get a university degree.
The three time Grammy nominee was asked when his father recognised that his music was getting big and he revealed it was when his hit song ‘Dami Duro’ was the president’s ringtone.
“When my song was the president’s ringtone,” Davido said.
While he did not mention the president or the country, Davido is likely referring to the exploit of former Nigerian president Goodluck Jonathan who was the head of state between 2010 – 2015.
During the interview, Davido also mentioned his plans as a businessman beyond music. He revealed he had a production house called Coco House which he describes as a media house for creatives. He also added that he intends to get into crypto.

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Funke Akindele’s New Film Premiers, Dec

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Nollywood actress and filmmaker, Funke Akindele has announced that her upcoming film, Everybody Loves Jenifa, a spinoff from the Jenifa franchise will premiere in December.
“Been long you saw Jenifa!!!!”  Akindele said.
While a December premiere is confirmed, details on the film remain unknown. However, the new title, Everybody Loves Jenifa, suggests a potential return to the core elements that have made the franchise popular. With Akindele leading the creative team, viewers can anticipate the return of familiar characters and humorous storylines.
The sitcom, Jenifa’s Diary has been a major Nigerian television show since its debut in 2015. The series centres around the main character played by Akindele, and has featured Folarin “Falz” Falana, Lolo, Juliana Olayode, Lota Chukwu, Paschaline Alex Okoli, and late Aderounmu Adejumoke.
The Tide Entertainment reports that it has also had spin-offs and sequels like Aiyetoro Town (2019), which is set in Jenifa’s village, and Jenifa on Lockdown (2021).
Akindele played Jenifa in the first film in the franchise, Jenifa (2008), a village girl who travelled to the city in pursuit of fortune. Muhydeen S. Ayinde directed the movie.
The movie was nominated for four Africa Movie Academy Awards in 2009 including, Best Original Soundtrack, Best Actress in a Supporting Role, and Best Nigerian Film. For her performance in this movie, Akindele took home the Africa Movie Academy Award for Best Actress in a Leading Role.

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Halliday  Attributes Collaboration Hindrance To Sentiments, Others

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The convener, South South Media Week, Tammmy  Halliday has attributed the lack of unity and collaboration in the PortHarcourt  entertainment industry to sentiments, baggages and trust issues.
He made this known yesterday, during an interview with newsmen in Port Harcourt.
According to him, some things that spur baggages are family background, personal experience with colleagues or other people, saying that when someone has been reaped or used by  any of his colleagues or someone else, he might not want to work with some other persons because of trust issue.
This goes along with baggages, where he now sees his other colleagues as one and same with the one who used him and so this continues to hinder collaborations in the industry.
He advised that as an entertainer you should get better, visible and  exposed as the industry required.
He said  that the key factor that can help collaboration is growth, explaining that growth would make entertainers live beyond baggages, adding that if you are good at what you do, and know what you want and where you are going with it , then you are good to go.
“You can seek an advice from a legal practitioner, professional or a senior colleagues to ensure that you (entertainer) get it right.
It is not a bad idea to serve or work with someone, because you serve to rise in the industry. You have to be well  rooted, but, you should be able to know want you want and where you are going with what you do, this will help you move on, when it is no longer working for you, otherwise, you will remain there and keep complaining and then it gets to that point where you begin to see that person as a reaper,” he said.
Mr Halliday who also do corporate social responsibility award via his platform,  South South Media Week stated that critical communication is important in any situation, with a critical approach,  no doubt you will  always be on the right track.
Speaking on criteria for awarding awards, he maintained that it is on numbers, affiliations, fanbase, followership, association and sales of the person or organisation in question, saying that these also works  for collaboration with an artiste, because they are factors that facilitate growth in the industry.
Categories of award that are  awarded through the platform includes, entrepreneur award of the year, innovation award of the year and others.

Nancy Briggs

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