Reekado Banks’ Net Worth in 2020

Reekado Banks net worth

Reekado Banks’ Net Worth

Reekado Banks has an estimated net worth of $2 million dollars. He has lots of hit singles released already.

Reekado Banks earns from performing at shows and is paid over N1 million naira per show. Aside that, he earns from music sales and has brought in over N100 million naira in revenue to his label from music sales.

Reekado has a large following on social media, companies pay a handsome amount to celebrities for them to advertise their content.

Shortly after his breakthrough happened, Reekado Banks Bought his parents a new house, and got himself a costly SUV.

He also bagged a multimillion naira endorsement deal with Globacom in 2015.

The deal was signed with him, and multimillion naira endorsement deal with Globacom was also signed by his label mates Korede Bello and Dija.

The endorsement deal pushed up his net worth and made his account even fatter. Reekado Banks earns from other sources aside music, but it’s strictly personal to him.

Reekado Banks is a bunch of talents. His songs are pretty unique and relatable.

He was born on the 6th of December, 1993. His original name is Ayoleyi Hanniel Solomon. Reekado Banks at the moment of this writing is signed to a leading record label owned by Don Jazzy, Mavin Records.

Initially, Reekado Banks was known as Spicy, but after he got signed to the Mavin Records music label, he became known as Reekado Banks.

He was born into a family of music lovers. His father is known to be a pastor in Ondo State, Nigeria, and his mother, a worker who serves as a caterer.

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He is the last born child in his family, and his siblings and parents are music fancies. His elder sister happens to be a music artiste, but she’s into gospel music.

Reekado’s elder brother is a good music producer. Fortunately for the singer, his family is very God-fearing, and also very strong in the faith of Christianity.

Reekado Banks grew up with his family, and lived with them peacefully till he got to limelight.

At the age of 14, he rounded off secondary schooling and began recording his first songs in year 2008.

His elder brother was very supportive of him and helped produce his first songs. His brother also taught him a lot about music, and songwriting.

In 2014, he graduated successfully with a degree in History and Strategic Study from the prestigious University of Lagos.

He revealed in an interview that his music influences as far as Nigerian music is concerned are Jude Abaga, Don Jazzy, Olamide, 2baba, and DJ Jimmy Jatt.

He has released a lot of hit singles that earned him awards and nominations.

His awards include the Rookie of the Year awards at the 2014 edition of The Headies Awards, and the Next Rated award at the 2015 season of The Headies Awards.

On the 1st of September, 2016, Reekado Banks released his debut music album titled Spotlight.

The album was so cool that it debuted #10 on the Billboard World Album Music Chart.

He also featured in several songs by musicians signed under Mavin Records, and those signed to other music labels in 2016.

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The album gave him a lot of attention. Thanks to his elder brother who submitted a couple of Reekado Banks songs to a talent search platform on the internet.

This led to his entry and submission being selected from over 5,000 other submissions, and BOOM! That’s how he got signed into Mavin Records.

Without his concent, Reekado Banks’ elder brother did a lot to get him into the reputable record label simply because he deserved it.

In a interview with The National Mirror, Reekado Banks mentioned how significant his brother was in getting him signed by Don Jazzy into Mavin Records.

On the 21st of February 2014, Reekado Banks got signed to Mavin Records.

On this same date, he featured Nigerian female music idol Tiwa Savage and landed his very first hit single titled Turn it Up.

After the signature to the label, he started working with the label mates in there, and was featured in Dorobucci which was the official debut single featuring every Mavin Records act including D’Prince, Tiwa Savage, Dr Sid, Di’ja, and Korede Bello.

It was released on the 1st of May, 2014, and was the new slang on the lips of several millions of Nigerians for long.

Reekado Banks has not only released hit singles, he has also worked side by side label mates to released collaborative singles which includes Adaobi, and Looku Looku. On the 13th of February, 2015, Reekado Banks released a hit single titled Katapot.

The song hitherto is still being aired, and is still the favourite of many Nigerian and non-Nigerian fans of Reekado Banks. The single was produced by the expensive music producer and CEO Don Jazzy.

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While many concluded on the single to be a diss music meant for Wande Coal and D’banj, Reekado Banks clearly castigated this claim by many.

Also, in an interview with Vanguard, he made it clear that the song was simply for his fans and nothing else.

Reekado Banks is living big in Lagos State, still with the Mavin Records family. He’s unmarried, and seriously working on his musical career.

He also gets booked to perform at shows across the country, and this has been a normal activity since he got to limelight.

Reekado Banks has dated a couple girls, but his current girlfriend isn’t known. But trust, I’ll give you the hint once he reveals his true love.


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