I Don't Rely Only On My Hit Songs, Banky W Declares

Popular Nigerian musician Olubankole Wellington, known under the stage name Banky W, has revealed how he is making a lot of money apart from what he gets from his songs.

The Punch newspaper reports that the self-proclaimed King of the Lagos party is known to be a good musician, who has many mouth-watering endorsement deals going for him, but it would appear these are not the main sources through which the EME boss builds his wealth.

Banky W took time out on Friday and went on his Instagram account to share his personal finance tips and gives an insight on other businesses he is involved in.

“The wealthiest people in urban music aren’t there because they have the hottest singles out. The Dr Dres, Puff Daddys and Jayzes are not super rich mainly because of their hits.

“They only used music as a platform to do other things. Those are the people I study. At the moment, I am into advertising, events production, marketing consulting, promotions and getting more into fashion and real estate.

“Business interests behind the scene that no one knows about. Diversifying my income is key. My long term well-being cannot be dependent on the last hit song I put out,” he stated.