Who is the Richer Musician? PSQUARE – TUFACE – DBANJ
Who is the richest Nigerian musician: PSQUARE vs TUFACE and DBANJ ? The Nigeria Music industry has come a long way over the years. If you are an ardent follower of the industry, then names such as Fela Anikulapo Kuti, Ebenezer Obey, Ras Kimono, Majek Fashek, Bright Chimezie amongst others, form a part of the early trail blazers that excited the music scene in the 60s, 70s, 80s and early 90s.
In addition to its vast popularity, the Nigeria Music industry is also expected to churn in revenues exceeding 86 million USD in 2017. Much of this money will come from the efforts and performances of members of the new vanguard in Nigerian music.
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They include P Square, 2face, Dbanj, Davido, Whizkid, Tiwa Savage and Iyanya, amongst a list that turns out prodigious talent on a regular basis. Of these musicians, Psquare, 2 face and D Banj can be referred as the trail blazers in this new crop of Nigerian singers.
These three musicians have achieved popularity, have a dedicated cult following and have earned handsome sums for their performances/sales of their songs and albums. But, there have been a big argument upon who is the richest among them.
The reason for the article is for us to take a look at their personal worth and then evaluate the richest among them.
Psquare is a group comprising identical twin brothers Peter Okoye and Paul Okoye. They are signed to the music label Psquare Records, a platform through which they release their songs and albums. In addition to this record label, Psquare are also signed to International musical act Akon’s Konvict Records as well as Universal Music, South Africa.
The musical siblings, who are now managed by their elder brother, Jude Okoye, have a multitude of achievements and awards in a musical career that has spanned close to 15 years. It will interest you to know that the group has released 6 studio albums and a number of hit singles including Do Me, I do you, Danger amongst others. Their most successful studio album, Game Over, has sold over 8 million copies worldwide.
Financial Status of Psquare
PSquare’s success and work ethic has seen them command handsome sums from the sale of their albums/singles as well as contracted performances. In examining the latter, it is estimated that the siblings charge as much as 10 million naira per artiste for any show they perform in, excluding charity events. That puts the figure for any average performance by the group, to 20 million naira per show in Nigeria.
For international tours, the group reportedly charges double of their fees, excluding accommodation and flight costs, which are borne by the organizers.
They are the proud owners of a choice personal real estate, known as the SquareVille. It is estimated to worth 200 million naira and it comes with a recording studio, a mini cinema, spacious parking space as well exquisite furnishing.
Analysts are of the opinion, that if you sum up all these assets, their endorsement deals as well as their investments in upcoming artistes and other businesses, PSquare net worth is estimated to be 128 million USD.
Innocent Ujah Idibia, popularly called by his stage name Tuface or 2baba, is a Nigerian singer, song writer, producer and Entrepreneur. You will recall that Tuface was originally part of the group known as Platashun Boiz. This group released two albums in 2000 and 2003, called Body and Soul and Sold Out respectively. Platashun Boiz ceased to exist from 2004.
In 2004, Tuface Idibia started his solo career with the release of his first solo album entitled Face 2 Face, which met with critical acclaim. Since that time, Tuface Idibia has gone on to release 5 more albums and numerous hit singles such as One Love, African Queen as well as 4 instance.
Financial Status of Tuface Idibia
Tuface has sold over 10 million copies of his works worldwide to date. His management charges between 3 to 5 million naira for any show and between 300,000 to 400,000 naira for cameo performances.
He earns substantial sums from endorsements and ambassadorships, with Airtel paying him 20 million naira in 2010, to serve as their ambassador.
Tuface is also actively into real estate and holds a number of choice properties across Nigeria and the world.
Tuface net worth, based on the collation of his performance fees, album/single sales, artiste management commissions, as well as real estate holdings, is put at over 40 million USD.
D’Banj (real name Oladapo Daniel Oyenbanjo) is another stellar light in the Nigeria music firmament. He is a singer, song writer, performer, TV show host as well as an entrepreneur. He started his music career in 2004, after returning from the UK. That year witnessed the release of D’Banj’s first musical single called Tongolo, which met with critical acclaim.
Over a musical career spanning close 15 years, D’Banj has released 6 albums and many singles including Tongolo, Socor amd Mobolowon. He founded the record label known as DB Records.
Financial Status of D’Banj
D’Banj typically charges between 3 to 4 million Naira per show/performance. He is the brand ambassador of a number of companies including SLOT, Glo, Ciroc amongst others. These endorsement deals are believed to be worth several tens of millions of Naira.
Based on the values of his assets as well as sales from his alum/singles, D’Banj net worth is estimated to be worth close to 30million USD.
With the look at the estimated net worth of these three artistes PSquare, Tuface and D’Bnaj, their worth is dependent on factors such as level of activity in the Nigeria music scene, endorsement deals, local and international collaborations as well as chart ratings.
However, it can be stated that PSquare leads the trio in terms of being the richest musical artistes in Nigeria.