Banky W Net Worth – Banky W is a famous Nigeria musician, singer, filmmaker, actor and politician. Banky W net worth has placed him among the top 10 richest musicians in Nigeria for three consecutive years and still running. He holds a dual citizenship being a U.S citizen by birth and a Nigerian by descent. Banky W is the founder of “I am Capable” Scholarship fund which provides tuition, room, and board for indigent undergraduates who met the foundation’s requirement.
He is also in the forefront of the Light up Nigeria project aimed at achieving a steady electricity power supply in Nigeria. He is also an active politician, he contested in the recently held National Assembly election 2019 to represent Eti-Osa constituency, Lagos at the House of Representatives on the platform of the Modern Democratic Party, though he was not victorious in the election.
Banky W is such an amazing musician, the gist about him is also amazing but we cannot tell it all here. However, the purpose of this article, is to reveal the Banky W Net Worth but before going into Banky W Net Worth, let us get a little highlight about his Biography and Career.
Banky W Biography
Banky W real name is Oluwabankole Wellington AKA “Mr. Capable” was born on 27 March 1981. He is a US-born Nigerian Singer. He was born to both Nigerian parents in the United States. His father is from Badagry, a historic town in Lagos and his mother from Calabar, Cross River State.
At age 5, the family moved back to Nigeria where he had his primary education in Corona School and secondary education at Home Science Association Secondary School and Ajao Secondary School all in Lagos. After his secondary education, he got a scholarship to study at Rensselaer Polytechnic Institute.
He then went back to the US and studied Industrial Engineering from RPI in New York. He started writing and hitting the studios while in RPI (Rensselaer Polytechnic Institute). Banky W, while in secondary school he won the Albany Idol competition and this brought him to the fore in his music career. He is married to Adesua Etomi. In February of 2017, he asked Adesua Tolulope Oluwaseun Etomi to be his wife. She said Yes.
Banky W Marriage
He got married to Adesua Etomi traditionally on 19 November 2017 and subsequently did his white wedding in South Africa on 25 November 2017. He had a successful skin cancer surgery on his shoulder in 2017.
Banky W Music Career
At the age of 8 years Banky W started his music career, when he was singing in his church choir. He started his record label E.M.E in 2002 while studying. In 2009, he left the US for Nigeria and established his record label in Lagos where he signed artists like Niyola, Shaydee, Skales and Wizkid to the label at the time. His breakthrough debut studio album, Back in the Building was released in 2005. He wrote the first theme song of Etisalat Nigeria titled “0809ja for life”.
Banky W Albums
Banky W albums include Undeniable (2003), Back in the Building (2005), Mr. Capable (2008), The W Experience (2009) and R&BW (2013) Compilation album 2012: Empire Mates State of Mind
Banky Awards and Nominations
- John Lennon Song Writing Award 2006, R&B Category, for ‘My Regret’
- Best R&B Artiste, Nigerian Entertainment Awards 2006
- Best Male R&B Artiste, Urban Independent Music Awards, USA, 2006
- Won Best International Album, Nigerian Entertainment Awards 2007 for ‘Mr Capable’
- Best R&B Video, Nigerian Music Video Awards 2008 for ‘Don’t Break My Heart’
- Nominated Best Male Vocal Performance, Hip hop World Awards 2009 for ‘Don’t Break My Heart’
- R&B Single of the year, 2010 Hip Hop World Awards for ‘Strong Ting’
- Best R&B Singer (Male) and Best Music Video 2010 City People Entertainment Awards
Banky W Net Worth
Banky W Net Worth is estimated to be $9.7 million. He makes his money from his numerous endorsements deals, shows and movie roles. Banky charges between N2.5m and N3m per show. Apart from this fees per show, he makes money from the monetization of his content shared on various platforms like iTunes and Spinlet. Ring Back Tunes (RBT) loyalties also add up to his income. Now look at Banky W’s other streams of incomes below:
1. Banky W Record Label
Bank W is a record label owner, Banky co-founded the record label, Empire Mates Entertainment (EME) while still studying at Rensselaer Polytechnic Institute in New York on a scholarship. This was established in 2002 and later in 2009, after moving back to Nigeria.
He signed artists like Niyola, Shaydee, Skales, and Wizkid who have made a lot of money for the label.
2. Banky W Endorsement deals
After the release of Ebute Metta, Banky W landed his first endorsement deal with Etisalat in 2008. Constative reports that the deal was worth N150 million. Upon becoming a brand ambassador for the Nigerian telecommunications company, he featured in their popular commercial, 0809ja for life.
The R&B powerhouse became the new face of Coca-cola Open and Win campaign after signing for an undisclosed figure. The 2012 deal lasted for three months.
He signed his next major endorsement deal with Samsung Electronics West Africa in 2013. According to Ventures Africa, this deal was valued at about N140 million. This was after his initial 1-year endorsement deal with the company in 2011. The 2013 deal was renewed in 2017.
In 2014, the E.M.E record label boss switched telco companies when he signed with MTN. It is believed to be valued at over N50 million, according to Constative. He extended the contract in 2015.
The Nation reports that he signed a new endorsement deal to be the face of Ciroc Nigeria in 2014. Reportedly, it should be worth about N30 million. His deal to represent the brand was renewed in 2015 and later 2017.
Banky’s latest deal is with Uber, a major ride-hailing technology in the country. This was announced on April 5, 2018.
3. Banky Movie Roles
The singer started acting when he appeared in ‘The Wedding Party,’ a 2016 Nigerian romantic comedy-drama film, directed by Kemi Adetiba. It became the highest grossing Nigerian movie ever until its sequel ‘The Wedding Party 2 was released in 2017.
With the first movie making N453,050,000 and its sequel – N500,000,000, it is safe to say that he must have been paid an impressive amount.
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Banky W Net Worth by Forbes 2019 – Banky W Biography, Career & Networth