Nollywood’s Pioneers Usher in Era of Prosperity for Nigerian Cinema
With over 2,500 films produced annually, Nollywood stands as the world’s second largest film industry, generating $1.2 billion in revenue each year.
The efforts of Nollywood’s talented actors and actresses have brought Nigeria to global prominence.
This burgeoning industry has created vast wealth, birthing billionaires and multimillionaires across Nigeria and West Africa.
As of 2024, Nollywood’s most affluent figures remain its pioneering luminaries who launched the industry decades ago.
Beyond the veteran actors, many talented stars have gained immense popularity and earned millions through successful careers in Nollywood’s thriving ecosystem.
Moreover, the prosperity extends beyond just the actors. Scriptwriters, producers, directors, costume designers, makeup artists and other professionals also find significant success in Nollywood.
Below are the top 20 richest Nollywood actors and actresses and their net worth as of 2024.
Genevieve Nnaji – $15 million
Genevieve Nnaji stands as one of Nollywood’s pioneering actresses and a trailblazer in the industry. Beyond her exceptional acting skills, Nnaji has ventured into entrepreneurship, endorsement deals, and international collaborations. These endeavors have propelled her to the upper echelons of financial success, making her one of the richest actresses in Nollywood.
Commencing her journey as a child actor at the age of 8 in the well-known television series Ripples, Genevieve initially remained in relative obscurity. However, her return to the screen occurred in 1998 with the film Most Wanted. Since then, she has played prominent roles in over 200 Nollywood movies, including notable titles such as Power of Love (2002), Letters to a Stranger (2006), Silent Scandals (2009), Ijé: The Journey (2009), Half of a Yellow Sun (2009), and many more.
In 2019, she produced the highly successful film Lion Heart and subsequently sold the rights to the streaming platform Netflix, securing a substantial earnings of $3.8 million.
In 2005, She became the first actor to win the Africa Movie Academy Award for Best Actress in a Leading Role.
Although the Imo state-born actress has been taking a break from acting for a while, she has amassed a lot of wealth that still keeps her in the top spot even while not working.
Genevieve made a whooping two hundred and twenty million nairas from deals and endorsements in that Calendar year. She has represented big brands like Lux, Cintrion Energy drink, Range Rover Evoghe, Etisalat, Polo, and Amstel Malta.
Currently, the actress has an estimated net worth of $15 million. Her expensive cars include: Range Rover Evoque and Mercedes-Benz G-Wagon.
Funke Akindele – $11 million
Nollywood actress, Funke Akindele, popularly known as Jenifa, has transcended the boundaries of acting to become a successful entrepreneur. Apart from her acting prowess, Akindele’s endorsement deals, movie production ventures, and thriving businesses contribute significantly to her status as one of the wealthiest actresses in Nollywood.
Gaining the spotlight, Funke Akindele starred in the sitcom ‘I Need to Know’ from 1998 to 2002, and in 2009 she won the Africa Movie Academy Award for Best Actress in a Leading Role. She played the lead character in the show Jenifa’s Diary, for which she was named Best Actress in a Comedy at the 2016 Africa Magic Viewer’s Choice Awards.
Although currently in politics, the actress is active in the Nigerian movie scene. Funke Akindele plays the lead character in the ongoing hit TV show Jenifa’s Diary, alongside Fisayo Ajisola, Falz, Juliana Olayode, and Aderounmu Adejumoke. The show is a spin-off from the movie Jenifa’s Diary.
The 2018 comedy film Moms at War stars Funke Akindele and Michelle Dede. In July 2019, Funke Akindele started a new web series, ‘Aiyetoro Town, a spinoff from her popular TV series, ‘Jenifa’s Diary, She is also the CEO of Scene One Film Production.
In her role as a director, Funke Akindele’s films, including, “Battle on Buka Street” (2022), and “Omo Ghetto: The Saga” (2022), stand as the three highest-grossing Nigerian movies of all time, each surpassing 600 million Naira in revenue.
Her mind-blowing movie, “Tribe of Judah” generated over one billion naira and still counting since its release in December 15, 2023.
Funke owns a house in the UK, a Lagos mansion, and a series of cars that include;30 Million Naira Jeep 50 Million Naira Rolls Royce Phantom and 50 Million Naira Ferrari. Her net worth is valued to be $11 million.
Mercy Johnson Okojie – $9 million
Mercy Johnson Okojie is a versatile figure in the entertainment industry, excelling as an actress, film director, and producer. Recognized as one of the wealthiest individuals in Nollywood, she boasts an estimated net worth of $9 million.
Her enduring presence on the screen dates back to the early 2000s, and she has left an indelible mark by starring in over 300 movies, a remarkable feat that places her among the industry’s highest film figures.
Mercy embarked on her Nollywood journey right after completing secondary education, featuring in a series of films like “The Maid” (2004), “Into Temptation” (2004), and “House Party” (2004). Despite a period of relative obscurity, she played significant roles in video films that dominated the era, including “Married to the Enemy” (2006), “Twist of Fate” (2007), “Guilty Pleasure” (2008), and “Jewel of the Sun” (2011).
Her breakthrough came with the lead role in the popular family comedy “Dumebi The Dirty Girl” (2012), earning her the Best Actress award at the 2013 Africa Magic Viewers Choice Awards. Subsequently, she secured more lead roles in iconic movies like “Baby Oku In America” (2013), “Hustlers” (2014), “Seven & A Half Dates” (2018), “A Naija Christmas” (2021), and “Battle On Buka Street” (2022), the highest-grossing Nollywood movie.
Recognized for her significant contributions to the Nigerian entertainment industry, Mercy Johnson has received numerous Television and Movie Awards. In 2009, she won the Best Supporting Actress award at the African Movie Award ceremony for her role in “Live to Remember.” Beyond acting, she serves as a brand ambassador for various brands, including Chi Limited’s Prime brand, Hollandia Evap Milk, and Pennek Nigeria Limited, a Lagos-based real estate investment company, enhancing her income streams.
Omotola Jolade Ekeinde – $7.2 million
Nigerian actress, singer, philanthropist, and former model, Omotola Jalade Ekeinde is the fourth richest actress in Nigeria in 2023. Since her Nollywood film debut in 1995, Omotola has appeared in over 300 films, selling millions of video copies.
She, alongside Genevieve Nnaji, stands as one of the two prominent forces that commanded the screen in the 90s. Together, they played a pivotal role in revolutionizing the Nigerian film industry, introducing Nollywood to a global audience.
Tagged “Omosexy” for her gorgeous figure, Omotola has made a name for herself in the industry. She is undoubtedly one of the most beautiful actresses in the Nollywood industry.
Omotola initiated her illustrious career in the mid-90s, landing a role in the 1995 film “Venom of Justice.” Her breakthrough came the same year with a major role in “Mortal Inheritance (1995).” The success of these films paved the way for her participation in several significant projects, including “Games Women Play” (2005), “Blood Sisters” (2007), and numerous others.
She solidified her legendary status by securing her first role in a cinematic movie, the 2010 film “Ije: The Journey,” which became the highest-grossing Nollywood film at that time. In 2012, her role in the Nollywood thriller “Last Flight to Abuja” contributed to making it the second-highest-grossing movie in West African cinemas for the year.
She featured in 2017 blockbuster movie, Alter Ego, making it her last appearance in movie industry.
Beyond her remarkable movie career, Omotola is a global influencer, commanding millions of followers worldwide. In 2013, she ranked among the most followed celebrities on Facebook and was featured in Time magazine’s list of the 100 most influential people in the world. Recognizing her contributions to Nollywood, the Nigerian government honored her in 2014 by making her a Member of the Order of the Federal Republic (MFR).
The veteran actress is celebrated as an icon and was honoured in Time magazine’s list of the 100 most influential people alongside Michelle Obama, Beyoncé, and Kate Middleton.
The primary source of Omotola’s richest Nollywood actress status is her thriving acting career, and endorsement deals with brands such as; Knorr, owned by Unilever, Scanfrost ambassador, and BO16 hair range Ghanaian cosmetics giant Ghandour. Omotola Jalade’s net worth is estimated to be $7.2 million.
Richard Mofe Damijo – $6 million
Richard Mofe-Damijo, often referred to as RMD, is a living legend in Nollywood. With a career spanning decades, he has not only become a household name but has also diversified his income streams. From acting to political appointments, RMD’s financial portfolio is a testament to his versatility and business acumen.
He is a Nigerian actor, writer, producer, and lawyer, recognized as one of the wealthiest figures in Nollywood, boasting an estimated net worth of $6 million. Regarded by many as one of the finest actors in the Nollywood industry, he has been a dominant presence on the screen since 1995.
Commencing his journey in Nollywood, RMD started with a minor role in the well-known Nigerian soap “Ripples.” However, he garnered increased recognition portraying the antagonist Segun Kadiri in the rival soap “Checkmate.” RMD rose to greater prominence with his role as Chief Dike in the 1998 Nollywood thriller, “Diamond Ring.”
Since then, he has been a prominent figure in numerous Nollywood blockbuster movies, showcasing his versatility as an actor, writer, and even a producer.
Richard’s filmography boasts several noteworthy works, including “The Mayors” (2003), “Critical Assignment” (2004), “30 Days in Atlanta” (2014), “The Wedding Party” franchise, “Love Is War” (2019), “The King of Boys” franchise, and “Christmas in Miami” (2021). Many of these films rank among the highest-grossing Nigerian movies of all time.
Beyond his enduring acting career, Richard is also a seasoned politician. He assumed the role of Special Adviser of Culture and Tourism to then-Governor Emmanuel Uduaghan in 2008, later progressing to become the Commissioner for Culture and Tourism of Delta State, Nigeria, in 2009. His tenure in this political role concluded in 2015.
Acknowledging his contributions, Richard has received numerous awards, including the Africa Movie Academy Award for Best Actor in 2005 and the Africa Movie Academy Lifetime Achievement Award in 2016.
His latest 2024 Netflix project, ‘The Black Book’, went on to gross N168.7 million at the Box Office. His net worth is said to be $6 million.
Rita Dominic – $6 million
The veteran actress Rita Dominic is one of the richest actresses in Nollywood. The Mbaise-born Nollywood veteran has starred in several Nollywood movies, is still active in the industry, and has won several awards and received several recognitions.
Since childhood, she has been waxing strong in the movie industry and has starred in over 100 movies till date. She’s unarguably one of the highest paid actresses in Nollywood. She also produced the award wining movie “The meeting” a romantic comedy drama.
As a co-founder of Audrey Silva Company, Rita Dominic is currently a GLO Ambassador and the CEO of Rita Dominic Productions.
Rita Dominic makes a lot of money from her acting career and the plethora of endorsement deals she has hinged.
The rich actress Rita Dominic’s net worth is influenced by deals from BK Unique Hair (Canadian luxury hair), Flat Tummy Tea (herbal weight loss beverage), Zaron Cosmetics, Keystone Bank, and Intra-African Trade Fair (IATF) Goodwill.
The actress owns a mansion in Lagos worth over 150 million Naira, and she owns a car, 30 million Naira Mercedes Benz ML 350 4matic.
Desmond Elliot – $5 million
Desmond Elliot, a prominent figure in both Nollywood and Nigerian politics, stands as one of the wealthiest actors in the industry, boasting an estimated net worth of $5 Million. Before his foray into politics, Elliot was a dominating presence on the Nollywood screen in the early 2000s, featuring in over 200 movies and television series.
Elliot’s career began with roles in soap operas such as Everyday People, One Too Much, and Saints and Sinners. He honed his craft to become one of Nollywood’s leading actors, securing lead roles and making notable appearances in over two hundred films, including standout performances in “Yahoo Millionaire” (2007) and “30 Days in Atlanta” (2014).
In recognition of his significant contributions to the Nigerian entertainment industry, Desmond Elliot has earned multiple awards and nominations. Notably, he won Best Supporting Actor in a Drama at the 2nd Africa Magic Viewers Choice Awards and received a nomination for Best Supporting Actor at the 10th Africa Movie Academy Awards.
Elliot’s journey took a political turn in 2015 when he contested with the All Progressive Party (APC) and emerged victorious in the Surulere Constituency during the Nigerian General Elections. He was subsequently re-elected in 2019 and 2013, marking a successful political career alongside his thriving Nollywood legacy.
As a passionate politician, Desmond Elliot has been vocal about addressing critical issues, particularly focusing on the eradication of child illiteracy in Nigeria and Africa at large. His commitment to creating positive change reflects his dual role as a cultural icon and a dedicated public servant.
Jim Iyke – $5 million
Jim Iyke, also known as James Ikechukwu Esomugha, stands as one of the wealthiest Nollywood actors, boasting an estimated net worth of $5 Million. His profound influence on the Nigerian film industry has been instrumental in introducing Nollywood to a global audience.
Initiating his acting journey in 2001, Jim Iyke stepped into the limelight with his memorable appearance in the classic drama and romance, “Beyonce & Rihanna” (2008). Since then, he has graced the screen in over 150 films, contributing to the highest-grossing movies in Nigerian history, including notable titles like “Last Flight to Abuja” (2012), “The Merry Men” franchise, “Passport” (2022) and Hustle” (2021).
Jim Iyke’s status as one of the richest Nollywood actors is well-earned, as he has consistently emerged as the highest-paid artist in the industry. Beyond his acting prowess, he wears the hat of the Chief Executive Officer at Untamed Productions, a thriving movie production company. This dynamic company also houses a subsidiary record label known as Untamed Records.
Intriguingly, Jim Iyke’s success extends beyond the silver screen, showcasing his entrepreneurial spirit and multifaceted talents. As a key player in the entertainment industry and a business mogul, Jim Iyke continues to leave an indelible mark, both as an actor and a shrewd entrepreneur steering the success of Untamed Productions and Untamed Records.
Ramsey Nouah – $5 Million
Ramsey Nouah, celebrated as an iconic actor and director, stands among the richest Nollywood actors with an estimated net worth of $5 Million. His prominence in the Nigerian film industry is marked by his status as one of the most sought-after actors, renowned for numerous blockbuster hits.
Embarking on his Nollywood journey in the early ’90s, Nouah’s early credits include memorable roles in movies and television soap operas like “Silent Night” (1996) and “Camouflage” (1999). However, his breakthrough came with the character Jeff Akin-Thomas in the Nigerian TV soap opera “Fortunes,” propelling him into the limelight. Since then, Ramsey Nouah has graced the screen as a lead actor, earning acclaim for his roles in romantic films and becoming a sought-after figure in the industry.
Ramsey Nouah’s significant contribution to Nollywood has translated into financial success, placing him among the richest actors in the industry. Acknowledging his prowess, he received the Africa Movie Academy Award for Best Actor in 2010 for his outstanding performance in the movie “The Figurine.”
Beyond his acting prowess, Ramsey Nouah has made a mark as a director, known for remaking Nollywood classics. His directorial debut, “Living in Bondage: Breaking Free” in 2019, showcased his creative vision. Additionally, he directed the Nollywood classic “Rattle Snake: The Ahanna Story,” a remake of the iconic “Rattlesnake” (1995). He also featured in popular comedian AY movie, “Merry men 3: the nemesis.
Odunlade Adekola – $5 million
Odunlade Adekola, the iconic Yoruba actor, secures the ninth position among the richest Nollywood actors, boasting an impressive net worth of $5 Million. Rising to prominence with his lead role in Ishola Durojaye’s 2003 movie, “Asiri Gomina Wa,” Odunlade has since become a staple in numerous Nollywood movies, both as a lead and supporting actor.
His lead roles in movies such as “Emi Nire Kan” (2009), “Sunday Dagboru” (2010), “Monday Omo Adugbo” (2010), and “Oyenusi” (2014) have not only showcased his acting prowess but also contributed to some of the most commercially successful Yoruba movies in the 2000s. Beyond acting, Odunlade wears multiple hats as a singer, filmmaker, producer, and director. He is the founder and CEO of the Odunlade Adekola Film Production (OAFP).
As a director, Odunlade’s movie “Orisa” (2023) earned the seventeenth spot among the highest-grossing Nollywood movies of all time, grossing over N170 Million Naira in the cinema. His directorial success also includes “The Vendor” (2018), securing the 61st spot with a gross of over N46 Million. Apart from his movie earnings, Odunlade serves as a brand ambassador for RevolutionPlus Property Development Company, Goldberg Beer, and Globacom Telecommunications.
Odunlade’s popularity extends beyond the realms of cinema, with his photographs during filming becoming widely used internet memes across the Nigerian online community. In April 2014, he clinched the Africa Movie Academy Award for Best Actor of the Year, further solidifying his status as a veteran in the industry. As the CEO of Odunlade Adekola Film Production, he continues to contribute to the growth of the industry, producing several actors and movies.
Femi Adebayo – $5 million
Femi Adebayo, a stalwart in Nollywood, shines as a film director, actor, producer, and one of the distinguished Nollywood actors with an impressive net worth of $5 Million. Hailing from a cinematic lineage as the son of Nollywood veteran actor Adebayo Salami, Femi also holds the esteemed position of Special Adviser to the Governor of Kwara State on Arts, Culture, and Tourism.
Femi’s acting journey commenced in his father’s inaugural film, “Ogun Ajaye,” gradually gaining mainstream recognition. His breakthrough arrived with a lead role in the classic comic Yoruba movie, “Jelili” (2011). Since then, he has etched his name in the annals of Nollywood, starring in over 500 Nigerian films, including iconic productions like “The Ghost and the Tout” (2018), “October 1” (2014), and “Survival of Jelili” (2019), all contributing to the highest-grossing Nigerian films of all time.
Notably, Femi Adebayo’s directorial work “Jagun Jagun” (2023) received critical acclaim, amassing 2,100,000 views in its first three days and securing a spot among the top 10 most-watched non-English films on Netflix globally during that period. Additionally, he produced “King of Thieves” (2022), the seventh highest-grossing Nigerian film, raking in N320 Million in the cinema.
Beyond his cinematic pursuits, Femi is the MD/CEO of the J-15 media network, showcasing his entrepreneurial acumen. He is also a brand ambassador for the digital TV platform StarTimes and Kubanah whisky, diversifying his portfolio.
Femi Adebayo’s excellence extends beyond the screen, earning him numerous awards, including recognitions at the City People Entertainment Awards, African Film Awards, Africa Magic Viewers Choice Awards, and more. His influence in Nollywood and the broader media landscape cements his legacy as a luminary in the Nigerian entertainment industry.
Sola Sobowale – $5 million
Sola Sobowale, a veteran and iconic figure in Nollywood, secures her position among the richest actors and actresses in Nigeria, boasting an estimated net worth of $5 million at 57 years old. Her enduring relevance in the industry for over two decades is a testament to her iconic status.
Sola Sobowale embarked on her career with appearances in classic Nigerian television series and soap operas, such as The Village Headmaster (1968-1988) and Mirror in the Sun (1984-1986). Her presence was also felt in the classic Yoruba film, “Asewo To Re Mecca” (1992). However, her breakthrough moment came in 2001 with the premiere of Nigeria’s popular television drama series, “Super Story: Oh Father, Oh Daughter.”
This popular soap opera catapulted Sola into the limelight, earning her numerous roles in movies produced by the Awada Kerikeri Group, under the leadership of Adebayo Salami. Since then, she has not only starred in various films but also contributed as a co-scriptwriter, director, and producer, showcasing her versatility in the Nigerian film industry.
Sola Sobowale’s filmography includes notable works like “Battle on Buka Street” (2022), “The King of Boys” Franchise, “The Wedding Party” Franchise, “Gold Statue” (2019), “Aníkúlápó” (2022), and “Christmas Is Coming” (2017), all of which are integral to the highest-grossing Nigerian films of all time.
As a financial maven in the Nollywood landscape, Sola Sobowale’s impact extends beyond acting, marking her presence as a director and producer. Her journey from classic television series to contemporary blockbuster films showcases her adaptability and lasting influence in the ever-evolving world of Nigerian cinema.
Ini Edo – $4.5 million
Iniobong Edo Ekim, popularly known as Ini Edo, stands as a Nigerian actress and one of the most prosperous figures in Nollywood, boasting an estimated net worth of $4.5 million. Remarkably, at 40 years old, she continues to be a dominating force on the screen, maintaining her relevance since her breakthrough in the early 2000s.
Ini Edo’s Nollywood journey commenced in 2003 with her debut in “Thick Madam.” However, it was her role in “World Apart” (2004) that thrust her into the limelight. Over the years, Ini Edo has honed her craft, solidifying her status as one of the leading actresses in Nollywood, featuring in over 200 movies.
Her filmography includes noteworthy works such as “Girls Cot” (2006), “Married to the Enemy” (2009), “Games Men Play” (2009), “Reloaded” (2009), “Chief Daddy” (2019), “Citation” (2020), and “Shanty Town” (2023), each contributing to the success of the highest-grossing Nollywood films.
Beyond her sterling reputation in Nollywood, Ini Edo has emerged as a bigwig in the beauty industry. In 2021, she unveiled “Secrets Of April,” a luxury fashion and cosmetic brand offering high fashion apparel, beauty products, and accessories for the unique expressions of the rich and famous. Additionally, Ini Edo served as a judge for the Miss Black Africa UK Pageant in 2013.
Boasting an impressive Instagram following exceeding 14 million, Ini Edo stands out as one of the highly-followed African celebrities on the platform. Her influence extends to brand ambassadorships with major names, including the telecommunications giant Globalcom, Noble Hair, Slim Tea Nigeria, and the transportation company Mr. Taxi. Additionally, she assumed the role of Special Assistant to the Akwa Ibom State Governor on Culture and Tourism, appointed by Udom Gabriel Emmanuel in 2016.
Toyin Abraham Ajeyemi – $4.5 million
With an impressive estimated net worth of $4.5 Million, Toyin Abraham stands tall as a respected actor, filmmaker, and producer, securing her place among the elite in the list of the richest Nollywood actors and actresses in Nigeria. Her enduring relevance since the late 2000s and 2010s is a testament to her prominence in the indigenous entertainment screen.
Reports suggest that Toyin’s acting journey began around 2003 when veteran Nigerian actress Bukky Wright recognized her talent and featured her in a movie shoot in Ibadan. Although not widely known initially, Toyin gained popularity in the early 2010s, taking on lead roles in some of the most commercially successful Yoruba movies of the time, notably “Alani Baba Labake” (2013), “Ebi mi ni” (2013), and the iconic “Alakada” (2013).
Possessing a portfolio backed by critical acclaim, Toyin emerged as one of the most prominent actresses in the Yoruba movie industry. In a strategic move, she established her own production house, Toyin Abraham Productions, where she also took on the role of directing movies. Her 2022 suspense thriller, “Ijakumo,” made a significant mark as the ninth highest-grossing Nigerian film of all time, amassing over N270 Million. Notably, “The Ghost and the Tout” Franchise, produced by Toyin Abraham, grossed over N200 Million, while the “Alakada” Franchise achieved an impressive N170 Million in box office earnings. Her latest project, Malaika has currently generated over N300 million in revenue.
Toyin Abraham’s journey from a budding talent noticed by Bukky Wright to becoming a powerhouse in the Yoruba movie industry reflects her resilience and artistic prowess. Her directorial and production successes further solidify her influence, making her not only a financial maven but also a significant contributor to the thriving Nigerian film landscape.
Beyond the wealth accrued from her contributions to acting and filmmaking, Toyin Abraham takes on the role of a brand ambassador for various esteemed brands. Her ambassadorships include Revolution Plus Properties, Purit Hygiene Soap, Checkers Family Custard, Avila Skin Care Products, Fair Money Microfinance Bank, among several others. Additionally, Toyin has been honored with numerous awards, including recognitions at the Africa Magic Viewers’ Choice Awards, Five Continents International Film Festival, and many more prestigious accolades.
Mercy Aigbe – $4 million
Mercy Aigbe, a prominent Nigerian actress, fashion icon, and successful businesswoman, stands tall among the richest Nollywood actors and actresses, boasting an estimated net worth of $4 million. Although her prominence has evolved over time, Mercy played a pivotal role among the female Yoruba actresses who dominated Nollywood in the early 2010s.
Initiating her acting career with roles in soap operas, including the popular TV drama series “Papa Ajasco,” Mercy fully immersed herself in Nollywood in 2006 with her role in the movie “Ara,” produced by Remi Lupo. Despite flying somewhat under the radar until her lead role in “Omoge Osas” (2012), this breakthrough moment catapulted her into the limelight, leading to some of the most significant roles in her career. She released her first cinematic movie, ‘Ada Omo Daddy’, making waves across the movie industry.
Beyond acting, Mercy Aigbe has solidified her presence as one of the most influential African celebrities and influencers on Instagram, amassing over 11 million followers. This vast following has translated into numerous endorsement deals with prestigious brands, including Elephant Gold Rice, Prestige Cosmetic, Mary Make, and other major players. Additionally, she has successfully ventured into entrepreneurship as the founder of Mag Divas Boutique, with outlets in Lagos and Ibadan.
Mercy’s career achievements extend beyond the screen, earning her various accolades, including the City People Entertainment Awards for Yoruba Movie Personality of the Year and Links and Glitz World Awards for Fashion Entrepreneur of The Year, both in 2015. Her journey reflects not only her versatility as an entertainer but also her entrepreneurial acumen, making her a notable figure in the Nigerian entertainment and business spheres.
Iyabo Ojo – $4 million
Iyabo Ojo, a prominent figure in Nollywood, claims the 15th spot among the richest Nollywood actors and actresses, boasting an estimated net worth of $4 million. Renowned for her contributions to the film industry, Iyabo’s versatile career includes acting, directing, and producing, with over 150 films and 14 productions to her name.
Commencing her acting journey in 1998, Iyabo Ojo gained recognition after registering with the Actors Guide of Nigeria, thanks to the support of Bimbo Akintola. Her debut in the 1998 English movie “Satanic” marked the beginning of a prolific career, leading to scripted and featured roles in numerous Nigerian films. In 2002, she made her impactful Yoruba-language debut with “Baba Darijinwon” and ventured into film production in 2004. Notable productions include “Bolutife,” “Bofeboko,” “Ololufe,” “Esan,” and “Okunkun Biribiri.”
Beyond her remarkable Nollywood journey, Iyabo Ojo has become a force in the digital realm. With over 6 million followers on Instagram and 2.4 million on TikTok, she stands as one of the most followed Nigerians on these platforms. Embracing her role as a social media influencer and activist, Iyabo uses her platforms to advocate for causes she believes in.
Iyabo Ojo’s influence extends to brand ambassadorships, particularly in the real estate and cosmetic industries. Her role as an ambassador showcases her impact not only in the entertainment industry but also as a trendsetter and influential figure in various sectors.
Ali Nuhu Mohammed – $4 million
Ali Nuhu is a respected presence in the realm of Kannywood, establishing himself as one of the industry’s most enduring actors. With a career that commenced in 1999 and continues to flourish, Nuhu has evolved from acting to producing, occasionally stepping into the limelight.
Maintaining a career for such an extended period requires considerable wealth, especially in the acting domain. Nuhu has not only carved a niche for himself in Kannywood but has also explored opportunities in Nollywood.
In Nollywood, the powerhouse of Nigerian cinema, Nuhu commands an impressive average fee ranging from N2, 000,000, to 4 million per movie. His involvement in blockbuster hits like Merry Men 2 further solidifies his financial prowess, allowing him to amass millions through his craft.
Ali Nuhu’s wealth extends beyond his acting endeavors. His endorsement deals alone carry a substantial value of approximately N30 million.
Additionally, he serves as the owner of F.K.D. Productions, a highly successful production company responsible for the widely acclaimed series, Alaqa.
With such entrepreneurial prowess, Nuhu possesses personal assets, endorsement deals, cars, properties, and a formidable social media presence. These contribute to his net worth estimated to be $4 million.
Consequently, he proudly holds the distinction of being the wealthiest actor in Kannywood.
Demonstrating shrewd financial acumen, Nuhu has made prudent investments, most notably in FKD Productions, which currently boasts a valuation reaching millions. In addition, his tangible assets amount to an impressive sum of approximately N15 million.
Ali Nuhu’s standing in Kannywood has attracted a multitude of profitable endorsement agreements. Well-known brands like Samsung Mobile, Omo, Glo Nigeria, Ayoola Foods, Ziptol, Bravo Detergents, Rufaida Drinks and Yogurt, GNC Insecticide, and Checkers Custard have all pursued his ambassadorial representation.
Zubby Michael – $3.5 Million
Zubby Michael, originally named Azubuike Michael Egwu, adopted the professional moniker Zubby Michael. His birth took place on February 1, 1985, in Ekwusigo LGA, Anambra State, Nigeria. Raised in Adamawa State, Nigeria, he completed his primary and secondary education there. Subsequently, he pursued and achieved a Bachelor’s degree in Mass Communication from Nnamdi Azikwe University in Enugu State.
He initiated his acting journey at the age of 8, and it wasn’t until he completed his first degree and returned to Yola, Adamawa State, that he landed his debut role in the movie ‘Missing Rib.’ Zubby Michael experienced a significant breakthrough in Nollywood in 2006 with his lead role in the film ‘The Three Widows,’ where he shared the screen with Oge Okoye. Following this 2006 production, he gained widespread recognition and continued to feature in numerous Nigerian home videos, including titles like ‘Princess Rihanna,’ ‘Implication,’ ‘The Generals,’ ‘Royal Storm,’ ‘The Killer,’ ‘Stolen Love,’ and many more over the years.
He has been nominated for several awards and has won some awards too. On the 25th of November 2019, he was appointed as the Special Adviser on media to Willie Obiano, the Executive Governor of Lagos State.
All these occupations earn him his recognition as one of the highest-paid and most influential actors in Nigeria, especially in the Eastern parts of Nigeria. He has an estimated net worth of about $3.5 million.
He has a big mansion in Asaba, Delta state and own three luxury cars; A Mercedes-Benz 4matic, A Range Rover Sport and A Mercedes-Benz G-Wagon.
Eniola Badmus – $3 Million
Eniola Badmus is a popular 44-year-old Nigerian actress who features predominantly in both Yoruba and English-centered movies.
After finishing her education in 2000, Eniola Badmus moved into the Nigerian Movie industry. She started landing roles first as a supporting actress. She starred in several movies but the one that brought popularity was her feature in the movie Jenifa, a Yoruba movie by Funke Akindele. She also starred in Omo Ghetto which also brought attention to her.
Over the years, Eniola has also been nominated for several awards and gotten a lot of recognition. Some of them include;
Nominated for Best Actress in a Supporting Role and Best Actress in a Leading Role in 2010 and 2011, 2011 Winner of the Best Crossover in a Film, Best Actress of the Year (Yoruba) at the City People Entertainment Awards in 2014, 2014 winner of the Best Comedic Act at the Golden Icons Academy Movie Awards, 2015 Best Actress in Africa at the Entertainment Film Fashion Television and Arts.
Apart from being an actress and an entrepreneur, she is also a renowned OAP and through these avenues, she generates her revenue. Currently, her net worth is estimated at $3 million.
