Nigeria music is one of the largest music industries in Africa. It has over the years witnessed great success amid the constant rise of stars and talents. We also know that the Nigerian music industry has brought up new artists who are rich.
These wealthy musicians are popular celebrities whose net worth as estimated by Forbes runs into millions of dollars. Among these set of musicians are Dbanj(Ejanla), Davido, Don jazzy, Psquare, flavor, Timaya, Tiwa savage etc.
While Olamide and Wizkid broke into limelight in 2008 after collaborating to produce the song titled ‘Omo to shan’. This collaboration brought up a little misunderstanding between the two artists which led to a prolonged conflict.
Let’s quickly go through the profile of these artists.
Olamide Adedeji (Baddoo)
Olamide Adedeji, popularly known as Baddoo, was born in Bariga, Lagos state. After lots of trials and hustles, Olamide finally broke into limelight in his music which he featured Wizkid. Many of his fans claimed to have loved him due to his indigenous way of rapping with Yoruba language.
He became a record label boss in 2015 after creating ‘YBNL’ musical group. This group had produced stars such as Viktor, Lil kesh(now YAGI boss), Adekunle Gold(Orente crooner) and finally shinko ekun. He has also won so many awards. Among them are the headies awards, MTV Base awards etc.
Ayo Balogun Ibrahim (Wizkid)
Ayo Ibrahim Balogun, popularly known as Wizkid, was born on the 16th December 1990 in Surulere, Lagos state. He was signed into EME, a record label owned by Banky W.
After signing for EME, Wizkid has develop to become one of the leading musicians in Nigeria and beyond. Wizkid became the first Afrobeat artist to appear in 2018 Guinness world record for his contribution in the music titled ‘One dance’.
Wizkid had moved a step further in his career by featuring hottest foreign musicians in the world such as Drake, Chris Brown. Reports have it that he’s currently working on a hit track featuring Shakira in one of his upcoming singles.
The rivalry between these youngsters is no doubt having positive effect on their financial status as they both strive to better each other financially. This had raised so many questions from the public on WHO IS RICHER?
We shall be analyzing each musicians financial status, net worth, assets, cars, endorsements and financial value plus the activities performed by these youngsters.
Wizkid according to Forbes.Com, was ranked as the 5th richest African musician in 2017. Achieving this feat speaks volume of the level of wealth possessed by the musician. Below are the financial facts you need to know about Wizkid’s endorsements.
He became a Pepsi ambassador in 2012 alongside Tiwa savage in a deal worth N70 million.
Wizkid became MTN ambassador on the 28th of December 2013 in a deal reported to be N45 million. Though the deal was cancelled in 2015 due to the better offer from GLOBACOM.
Glo came calling with a great offer which was accepted by Wizkid and he became one of its ambassadors in a deal worth N120 million. The deal lasted for just 2 years.
GUINNESS BRAND AMBASSADOR
Guinness, a world leading beer producing company were impressed with Wizkid’s performance in the music industry and offered him an ambassadorial deal which he happily agreed to accept.
CEO, STARBOY RECORD LABEL
As a CEO, Wizkid enjoys lot of financial blessing from deals of signing artists into his record label.
Wizkid’s total net worth is estimated at $12 million dollars this 2020.
Olamide’s wealth doesn’t come from his family background. He often talks about his humble background while growing up in some of his tracks. Below are some of Olamide’s deals and endorsements.
ENDORSEMENT DEAL WITH CIROC
On December 17th 2013, Olamide became the first Nigerian to sign an endorsement deal with ciroc(an eau-de-veo brand, a colorless fruit Brandy which was created in 2003) this deal is worth #30 million.
In December 2013, Olamide signed an agreement deal with Etisalat to become one its ambassadors, this deal was reported in the media to worth #50 million.
GUINNESS BRAND AMBASSADOR
Just as Wizkid, Olamide became Guinness ambassador on the 24th of December 2013 with a deal worth #80million.
Glo, after ditching Wizkid, signed an agreement with the duo of Olamide and Timaya. The monetary value of the deal is undisclosed.
STERLING BANK AMBASSADOR
Olamide is currently sterling bank ambassador in connection with Lagos state government. It’s said that this deal is worth #2 million.
CEO OF YBNL RECORD LABEL
Olamide currently enjoys financial benefits from being the owner of one of Nigeria’s most popular music record label.
Wizkid and Olamide: Who is the richest?
It might be very tight to decide who is richer among these musicians. After our research and findings, we can boldly inform you that Wizkid is richer than Olamide.
It’s obvious that Wizkid charges fans for gate fees much higher than Olamide. Wizkid also made huge profits from any collaboration he had with foreign artists like Drake, skepta etc.
I must also inform you that there’s no more disagreement between Wizkid and Olamide, they have since reconciled and now sing together just as before.