In this article, you are going to learn so much about the richest record label in Nigeria existing in the year 2024.
There are lots of people in Nigeria; especially upcoming artists, who are always eager to know which of the record label in the country is making the most money to qualify for the richest position.
Perhaps, the main reason upcoming artists are eager to know the richest record label in Nigeria is so they can secure a record deal with a record label that will make them rich.
As the years go by, we keep watching record labels in Nigeria produce top-rated artists, and in so doing make so much money.
In this post, therefore, I will reveal to you, the richest record label in Nigeria in 2024.
But before we do so let’s get to see what qualifies a record label to be the richest in Nigeria.
What does it take for a record label to be the richest?
To be the richest record label in Nigeria, a record label must be able to produce so many artists who are making a return on their investments from record sales and other means of making money.
It is worth noting that a record label might, however, parade lots of artists but they are not making as much money as a record label that has few artists.
And for that reason, the number of artists on a record label is not proof that the record label is the richest, which leaves us with no other option than to look at the estimated net worth of at least 4 to 5 record labels and use that data to determine which of them is the richest.
he richest record label in Nigeria 2024.
From the estimated net worth of record labels in Nigeria you are going to see below you will discover that the richest record label in Nigeria in 2024 is DMW Records which has an estimated net worth of 50 million US dollars.
The estimated net worth of record labels in Nigeria.
1. DMW Record label net worth.
DMW simply stands for Davido Music Worldwide, and it is a record label owned by popular Nigerian singer and billionaires son, David Adeleke, popularly known as Davido.
This record label has various A-List artists as its members and has really achieved so much success over the years.
In fact, Davido recently revealed that he made approximately 22.6 billion dollars in 2023.
However, the estimated net worth of the DMW record label is 50 Million US Dollars.
2. Mavin Records net worth.
Established in 2012 by acclaimed Nigerian singer and producer Don Jazzy, after breaking up with a friend and co-singer D’Banj from Mo Hits Records; Mavin records has grown to be one of the biggest record labels in Nigeria.
Some of the artists on this record label are Rema, Crayon, Koredo Bello, D’Prince, etc.
Mavin Records have an estimated net worth of 45 Million US Dollars.
3. Starboy Records.
Starboy Records were founded in 2013 by Nigerian afrobeat singer, Ayo Balogun, who is musically known as Wizkid.
Wizkid established this label immediately after he left Banky W’s EME Records.
This Nigerian record label has an estimated net worth of 43 US Dollars.
4. YBNL Nation Records.
YBNL stands for Yahoo Boy No Laptop and is a record label that was founded by Nigerian singer/rapper Olamide.
This record label has a net worth of 40 Million US Dollars.