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Entertainment

Top 10 Richest Nigerian Musicians 2015 And Sources Of Their Wealth.

Farouk Mohammed
By Farouk Mohammed
Published: November 7, 2015
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15 Min Read
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1. P-SQUARE

Psquare-abs1

Psquare is quite a famous name in the Nigeria music industry and they’ve been rated in many lists as the richest artists in Nigeria in recent years. The duo has been one of the most consistent artists in Nigeria, o they are well known and loved by many..

Psqaure has been making money since the launch of their career in 2002, according to last confirmations by media houses, Psquare charges as much as 7-8million per show.

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Psquare has bagged numerous endorsements by different brands in recent years which are said to be worth a lot millions from each brand. They also own lots properties all across the globe. Psquare has many albums to their names in which all has huge sales in market including ITunes.

A FEW PROPERTIES AND ENDORSEMENTS BELOW:

They won the KORA award for Best Africa Artiste in 2010 and the award came with mouth-watering $1m (N150m). Shortly after, the duo got an endorsement deal with Globacom telecommunications worth about N240m for four years.

The group owns Rayfield Hotel in Jos, and two multi-million naira factories in the same city, where they built a multimillion naira bakery and sachet water companies for their dad and mum, among other investments.

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They are said to charge over N3m per show.

P-Square has two Sequioa Sports Utility Vans (SUVs), one hummer SUV, truck bus, Toyota Altima among other automobiles. In December 2011 the duo were signed to Akon Konvict music in a multi-million Naira deal. Psquare also has landed properties in Jos, Port Harcourt and a N400 million naira house in Lagos

In January 2013, Psquare purchased a Multi-Million naira home in the US, in the city of San Francisco. The house is estimated to be worth over N434million Naira.

In 2015 Psquare refreshed their deal with Glo which is worth N140 million. One of them, Peter Okoye is the face of Olympic Milk, started a TV show – Dance with Peter, which is sponsored by Glo and recently he bag a new deal with sports equipment company Adidas.

Psquare is still considered to be the richest in Nigeria.

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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Profile of Nigeria’s First Female Elected Governor, Aisha Jummai Al-Hassan.
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