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20 Richest Nigerian musicians in 2018 – Davido & Wizkid drop drastically as Mr. P tops list (With Pics)

10. Phyno | Net Worth: $10 Million Dollars


Phyno Fino is a light skinned Igbo rapper known for hit songs like “Ghost Mode”, “Fada Fada”, and “Connect”. He raps in Igbo language primarily, and he’s the founder of Penthauze Music – a Nigerian record label.

Phyno is much loved by millions of Nigerians, he’s paid in millions when booked and he also earns a lot from his music sales.

The “Alobam” crooner signed an endorsement deal worth a whooping N50 million naira with Airtel.

He penned other multimillion naira ambassadorial deals with NairaBet sport betting platform and also with Guiness Nigeria. Phyno has collaborated on terms of music with other topnotch musicians, and he remains one of the wealthiest.

9. Banky W | $11 Million Dollars

Banky W

Banky W is a Nigerian songwriter and singer. He’s the founder and boss at Empire Mates Entertainment and has guided some few artistes into greatness. Banky W is easily one of the most handsome Nigerian celebrities because of his rare facial features which I describe in a simple word to be pleasant.

Married to one of the most beautiful actresses in Nigeria, Adesua Etomi, Banky W is well connected and influential. In the past, it went viral that the E.M.E boss signed juicy endorsement deals with Etisalat, Samsung electronics, and Ciroc.

These endorsement deals were in several millions of naira and they kept him on a very high pedestal financially. Currently one of the top 20 richest musicians, he has made millions off music sales and show bookings. Banky W has also won a lot of awards, and has had his turn with dropping hit singles.



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