Which Is The Richest Record Labels In Nigeria?
Keep calm if that is your question we will take you through them bit by bit.
Top 10 Biggest Record Labels In Nigeria
For the past few years, record labels in Nigeria have been making much progress as each year goes by, With no doubt, this is proven from the increasing numbers of up coming artist being trained and bred by these record labels.
The good thing about this is that all these up coming artists are making progress in the Nigerian music industry, This however, give a good reputation to the various record labels they belongs. Let’s take Zinoleesky, Joeboy, Fireboy, Lyta, Cblavk and likes of others as a case study, You could agree with me that these guys are giving good name to their various record label.
Top 10 Richest And Biggest Record Labels In Nigeria
On this post i shall be taking you through the top 10 biggest and most successful record labels in Nigeria.
Without wasting much of your time with too many talk, Below are the list of the top 10 biggest, richest and most successful record labels to watch out for in 2021.
Top 10 Record Labels In Nigeria Are;
- Davido Music Worldwide (DMW)
- Mavins Record.
- Starboy Entertainment.
- YBNL Nation.
- Dr. Dolor Entertainment.
- Chocolate City.
- Penthauze Music.
- DM Records.
- Spaceship Entertainment
- Made Men Music Group
Note Our listing and Ranking are base on the Label’s success so far in terms of successful artist who came out form them, Endorsement deals and the label’s collaboration.
DMW RECORDS Net Worth $50 Million Dollars
DMW Records is arguably one of the biggest record label in Nigeria as we speaks, the reason is based on the massive success various members of the labels achieve this year.
DMW Records with the full meaning (Davido Music Worldwide) is owned and Chaired by a Nigerian ace singer David Adeleke better known as Davido. The group has a lot of successful and already established artist as it’s members.
Mavin Recods Net Worth $45 Million Dollars.
Second Richest, biggest and most successful record label on our list, Mavin record one one of the top notch labels to check on in 2021. Mavin was established by a Nigeria A-list music singer and a record producer of all time, Don Jazzy. The label was established on May 8, 2012.
The label has so far bred many top artist in the Nigerian Music industry today, some of them are Korede Bello, Dr SID, D’Prince, Di’Ja, Johnny Drille, Ladipoe, DNA Twins, Rema and Crayon.
Startboy Entertainment Net Worth $43 Million Dollars
Starboy Entertainment is a Nigerian owned record Label, This is one of the biggest and the most successful record labels in Nigeria, it was established in 2013 by a Nigeria pop singer Ayo Balogun popularly known as wizkid. He created this label immediately he left Banky W’s Empire Mate Entertainments. So far he has groom a lot of artistes from his label.
YBNL Nation Net Worth $40 Million Dollars.
When talking of popularity and label whose artistes are most successful in the music industry, YBNL Nation Record with the acronym Yahoo Boy No Laptop is one of those label to be considered.
YBNL Nation Records can sometimes be called common men or street record label because of hoe they have help a lot of poor singers from the street and make them a star. the record label is owned and managed by a Nigerian music star Olamide Badoo.
Dr. Dolor Entertainment Net Worth $32 million dollars
Dr. Dolo Entertainment is also one of the richest, biggest and the most successful music record label in Nigeria, of which Singer Teni Apata is one of the most outstanding members of the label.
Dr. Dolor Entertainment was founded by Osadolor Nate Asemota popularly known as Dr Dolor.
Chocolate City Net Worth $28 Million Dollars.
Chocolate City is a Native record label owned and managed by one of the most successful Nigerian rapper and a Lawyer.
Chocolate City Group is a company consisting of a record label, event planning company, management consulting firm, and, advertising and media. Its label serves as home to the very best talents and artistes, leading the African music industry.
It was founded in 2005 by a Nigerian lawyer, entrepreneur, social activist, and creative industry professional, Audu Maikori.
The record label is headed by legendary rapper MI Abaga and it has produced several acts like Jesse Jagz, MI, Ice prince, Brymo, etc and its currently housing young talents like Ckay, Koker, Victoria Kimani, DJ Lambo, Blaqbonez, Dice Ailes and Yung L.
Penthauze Music Net Worth
Penthauze Music is fronted by Popular musician, Chibuzor Azubuike, popularly called Phyno, and with over numerous awards, 4 studio albums and endorsement deals with Life Lager beer, Monster, and Tom Tom, Phyno has positively led PentHauze to glory.
In 2011, Penthauze had Runtown, Shugaboi and Flipside on its bill. It signed Storm Rex in 2014, the singer becoming the label’s sole female act.
The label as a crew announced itself with the song ‘Camera Out’ (2011). Runtown, however, left the label in 2013. Phyno released his debut album ‘No Guts No Glory’ under the label.
After signing ‘Nuno‘, ‘Rhatti‘ and ‘Cheque‘ PentHauze dropped 2019 singles “the Bag” and “Agu”. With Phyno’s 3rd studio album “Deal With It” as a solo act, PentHauze debuts as one of the biggest in Nigeria.
DM Records Net Worth $22 Million Dollars
DM Records is one of the best and the most successful labels in Nigeria, It’s owned by a Nigerian music legend Timaya.
Spaceship Entertainment Net Worth $18 Million Dollars
Spaceship Entertainment was birthed in 2015 by African Giant and most sensational act Burna Boy and it has gradually risen to the top from nothing.
Spaceship is currently one of the biggest, richest and most influential record label in Nigeria, With an estimated net worth of $18 million Dollars.
Made Men Music Group Net Worth $10 million Dollars
Made Men Music Group was founded by Ubi Franklin in 2010. Prior to founding Made Men Music Group, Ubi Franklin worked as an assistant to Julius Agwu. He also worked with AY Makun and other artistes before becoming a show promoter.
Franklin would later become the manager of Iyanya who would later become the first recording artist when Made Men Music Group was founded in 2010 before switching to Mavin Records.
In 2014, the label later expanded to include Tekno, Emma Nyra and Selebobo.
What do you have to say about this? among them which one is your favorite?
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