We formerly wrote on the current 10 best and hottest rappers in Nigeria this 2023 which saw the likes of Phyno, Olamide, Eldee. M.I top the charts. This time, we take a look at who the richest rappers are in Nigeria today and their net worth who have dominated the African rap music industry with their punch lines.
These artistes income from shows and tours, endorsement deals, Music labels and sales of their albums have seen them win series of awards globally, some as the fastest rappers in Nigeria while others were even rated by Forbes to be among the richest musicians in Nigeria 2023.
For the records, the best rapper in the world currently is Jay Z. Some might argue that it is Kanye west, Drake, Eminem and so on, but the leader of the ROC Nation Record Music label has won so many accolades recently to support this claim. He is also the wealthiest among the list. In Nigeria, the latest list of the richest rappers in the country didn’t pull any surprise as the popular celebrities in the Nigerian music industry still occupied the list.
Below is the list of top 10 richest rappers in Nigeria 2023 & Net Worth
1. Olamide Net Worth $12 million
Olamide tops the list as Nigeria’s undisputed best and richest rapper this 2018. As of writing this piece, Olamide has released six albums in six years since he came to limelight and his first album is still making waves.
He also owns one of the most popular music record label in Nigeria, YBNL in which he is the chairman. As Nigeria’s most influential artist, he has featured other rappers like Phyno, Davido, Falz, e.t.c and he is recognized internationally.
Due to his many endorsement deals and his assets, Olamide’s current net worth is estimated to be $12 million.
2. Phyno Net Worth $10 million
Phyno Obago is the second richest rapper in Nigeria this 2023 and the best Igbo rapper in Nigeria currently, beating the likes of N*gga raw, Slow Dog and other rappers of Igbo descent in Nigeria.
One thing that makes him stand out from the rest is his punch lines. Phyno is not just a rapper, the young man can sing very well apart from just rapping. His current net worth is estimated at $10 million.
3. M.I Net Worth $8 million
Previously M.I (Mr Incredible) was known to be the richest Nigerian rapper but his stocks has dropped in recent years in the Nigerian music industry which greatly affected his net worth.
Signed to chocolate city, he is one of the best-known artists in Africa. He’s got large number of awards, including MTV Africa Music Award in 2009.
He’s taken part in lots of competitions and gained international recognition. In 2012, he was appointed United Nations Goodwill Ambassador and the current third on the list of best and richest rappers in Nigeria today with a net worth of $8 million.
4. Reminisce Net Worth $7 million
He is one of the best and richest Yoruba rappers in Nigeria 2023 and also a songwriter whose lyrics are unique.
The indigenous Yourba rapper who is also compared to Da grin deserve more than this spot but trust me this is where he merited to be on the list of the 2017 best and hottest rappers in Nigeria. Reminisce net worth is estimated at $7 million.
5. Falz Net Worth $4 million
You might be wondering while Falz the bahd guy is doing on this list. As of last two years, he was just an upcoming rap artist still finding his feet in the entertainment industry but as it stands now, Falz is the fifth wealthiest rapper in Nigeria currently with an impressive net worth estimated at $4 million.
He is not just a rapper but a singer, actor and comedian who really makes a lot of money aside his various endorsement deals. He featured in the popular TV Series, Jenifas Diary and has won various awards to his credit.
Other rap artist who are also on the list of the top 10 richest rappers in Nigeria this 2018 and their net worth includes:
6. Naeto c with a net worth estimated at $3.5 million.
7. Lynxxx with a net worth estimated at $3 million.
8. Vector with a net worth estimated at $ 2 million
9. Ice Prince with a net worth estimated at $ 2 million
10. Lil Kesh with a net worth estimated at $1.5 million.
From the above list you might not see some popular names such as Eldee, Yung six, Jesse Jagz, Skales, Eva Alordiah, Eedris Abdukareem, Sasha P, Muna e.t.c. What you should be aware of is that the list of the richest rappers in Nigeria 2018 is subject to change as the months passes buy as these popular rappers net worth and value can either reduce or increase in the music rap industry.