Banky W Net Worth Is $9.0 Million But Don’t Take My Word For It, See This

EME record label boss Banky W (Olubankole Wellington) is a Nigerian Musician born in the USA but moved back to Nigeria in 2005 to start his music career. Base on his works and achievements so far, it is safe to say he is a legend in the African music industry. Banky W broke into the industry with his “Ebutemeta” a naija remix of Rihanna’s 2007 hit single umbrella and has recorded several hit songs such as: Lagos Party, Low key, Setting P, and Strong Thing, just to mention but a few.

Banky W was born on 27 March 1981 in United States, his record label EME produced the likes of WizKid and Skales before the duo left the record label to become their own weight in the Nigeria music industry. Banky W currently have five studio albums namely: Undeniable, Back in the Building ,Mr. Capable, The W Experience, and R&BW. His current net worth is estimated to be – $9.0 million


Banky W Endorsement Deals

Most times, the sums of money involved in endorsement deals in Nigeria are shrouded in secrecy as no one really knows who got what except those within the closest circle. However, we did all we could to try and extract those information anyway possible and here are what we found:-

ETISALAT – Banky W was signed as the brand ambassador to the Nigerian Telecommunication company for 0809ja Launch in  2012. The deal was worth N150 million, making it one of the biggest artistes endorsement deal at that time. The deal gave him so much money that he had to sing about it in one of his biggest hit song – Lagos Party.

MTN – Banky W joined fellow celebrities like Don Jazzy, Dr. Sid, and Iyanya in renewing their contract with the Nigerian Telecommunication company in 2015, however the deal is undisclosed but it is believed to worth more than N50 million

SAMSUNG – Banky W is one of the current brand ambassador for Samsung in a deal that made him the face of Samsung Electronics West Africa mobile division. This Brand ambassador deal is said to be valued at more than N100 million.

Banky W
Ain’t no party like Lagos party. Banky W relaxing in Lagos before the party time

CIROC – Banky W was unveiled as the brand ambassador to the ultra-premium vodka company CIROC, the amount of this deal is undisclosed but should be nothing less than N30 million.

Banky W Record Label EME

The CEO of Empire Mates Entertainment (EME) has groomed the likes of WizKid, Skales  and Niyola to become superstars in their own right. He made a lots of money from WizKid songs, show fees, and endorsements deals before the later break away from the label. Banky W now has 3 artiste namely Shaydee, Niyola and DJ Exclusive of which he gets percentage from all his artistes sponsorship deals and show fees as well as shares from all songs produced under Empire Mates Entertainment.

What Banky W Charges Per Show

The talented R&B singer doubles up as an MC and what he does mostly are events and a little bit of shows he charges average of N3 million per show depending on the location. He sometimes covers more than 30 shows per year.

Banky W makes extra money from Monetization of Musical content through different platforms like iTunes, Spinlet, and Ring Back Tunes (RBT) loyalties also added to his source of income. Everything put together, Banky W net worth is currently put at $9.0 million.

Click here to see the full list of top 20 richest musicians in Nigeria and their net worth

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