Music has come a long way over the last few decades, now being seen increasingly as a profession rather than simply a passion. People study music at school and university, looking for a career in a field where the best entertainers can make big money. Endorsement deals, CD sales and live shows, among other things, some musicians can earn a lot of money.
Venture Magazine looks at the five richest entertainers in Nigeria, in no respective order.
Tuface
Born Innocent Idibia, the former member of the band, Plantashun Boyz, is among the richest artists in the industry. With two platinum records already behind him, Tuface (2Face) is speculated to be worth about 550 million naira ($3.47 million). He has had endorsement deals from companies such as Guinness, which earned him 20 million naira ($125,000) and Airtel, which earned him 22 million naira ($139,000). He was also rumoured to have collected 30 million naira ($189,000) from the producers of the Phat Girls movie. Tuface has invested heavily in real estate and stocks, and made bug money from it. He once said his goal was to recover all the wealth taken from Africa.
