Phyno might be the most famous and one of the wealthiest hip-hop artist from Nigeria at the moment but how much exactly does he earn? How much is Phyno net worth? Phyno net worth 2022 forbes? Phyno net worth 2022? Is he rich or poor? All these questions are going to be answered today as we take a look at Phyno net worth in 2022 according to Forbes and his current net worth as of 2022. Let’s get started…
What would it feel like to know that your hard work is worth $12 million? That’s what Phyno must be feeling right now.
Nigeria Igbo rapper Chibuzor Nelson Azubuikalso also known as Phyno or Ezege, has been officially listed on the global rich list of the leading business magazine Forbes at a net worth of $12 million which is equivalent to N5 billion naira. This milestone makes him one of the richest musician in Nigeria.
Phyno’s Real Name and Age
Chibuzor Nelson Azubuike is the real name of Igbo rapper Phyno. He was born on 23rd December, 1985 in the city of Aba, located in Nigeria’s Abia State. Phyno had always been a talented person.
Phyno is a Nigerian Igbo rapper who is also a producer and songwriter. He gained fame in 2009 with his hit song Nwa Baby. That same year, he released his debut album, I Believe.
His 2012 album, False Idol, which features contributions from top hip-hop acts like D’banj and 2face Idibia, remains one of the highest selling rap albums of all time in Nigeria.
In 2018, he won Artiste of the Year at The Headies Awards.
What does he earn per month
Phyno earns $5,000 per month from his album sales as well as his appearances at events and concert.
Additionally, he receives between $1,000 and $2,000 per month from streaming services like Spotify. $6,600 a year with the potential for more.
If you were to invest your money into something like mutual funds or stocks, you can expect a return of about 7% per year on average (inflation adjusted).
If Phyno invested all of his earnings into stocks that earned an average of 7% per year compounded annually, how much would he have in 2022? In this scenario, Phyno would have around $77 million by 2023.
To put it another way, if he just kept earning and investing his current rate of $5,000 per month, then by 2023 he’d be making almost double what Donald Trump makes today!
Where does he spend his money
Phyno makes a significant amount of money from his concerts and music sales, but most of it gets invested back into his work as he does not like spending money unnecessary.
He has an off-the-grid home that is powered by solar energy and a rainwater tank. He does not have any fancy cars or expensive clothes.
The cars he owns
Phyno seems to have a soft spot for Mercedes-Benz cars, which he’s been spotted cruising around town in the past few years.
He had a Benz GL 450 that he picked up for his 28th birthday and also has a C 250 Sport on order with Panamera options as of January 2021. The rapper also owns an AMG S 63 saloon, G 63 AMG 6×6 off-road vehicle, and 2 Volkswagen Golf GTI 2020s (only one of which he can drive).
The houses he owns
The megastar reportedly owns a residence in Nigeria and another home somewhere in the United States.
Additionally, he has plenty of cars to his name, such as an Maserati, Ferrari and Range Rover Sport. He also owns a jet that can go from Lagos, Nigeria to New York City (NYC).
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Where does he invest his money
-He owns the Chop Shop in Enugu, the Better You day spa, and he has interest on properties all over Nigeria.
-Phyno travels around the world and keeps three cars at home and 5 abroad.
-He often invests in construction business which are lucrative in Nigeria because they are sensitive during political transitions (2015).
-He always tries to invest money as quickly as possible into things that will grow it, so that he can have more over time.
The amount in his bank account
According to Forbes (2022), Phyno currently has about $8 million USD in his bank account.
His career earnings
Phyno has accumulated his wealth through his music career. In the past decade, he has released eleven studio albums, a compilation album and 20 singles; all on the famous Nigerian recording label Pidgen Music Group owned by him.
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Last year, he released another studio album dubbed Something To Live For, with accompanying singles and videos that are currently trending on YouTube.
Phyno Net Worth 2022 Forbes
According to Forbes (2022), Phyno’s net worth is estimated to be around $12 million which is equivalent to N5 Billion in Naira.
He increased his worth by $3 million and four hundred thousand dollars from 2019-2022. This also marks him as one of the richest Nigerian rappers on the list with a noticeable spike from last year’s number 6 spot.