Nollywood is a sobriquet that originally referred to the Nigerian film industry. The origin of the term dates back to the early 2000s, traced to an article in The New York Times.
Over the years the term Nollywood has also been used to refer to other affiliate film industries, such as the Ghanaian English-language cinema, whose films are usually co-produced with Nigeria and/or distributed by Nigerian companies.
The term has also been used for Nigerian/African diaspora films considered to be affiliated with Nigeria or made specifically to capture the Nigerian audience.
Nollywood is a Multi Million Naira Industry and definitely one of the biggest in the world, actually its the third largest.
Some talented actors however has found fame and money through the Nigerian movie industry.
Richest Nollywood Actors in Nigeria 2020:
1. Jim Iyke Net Worth – $30 Million
James Ikechukwu Esomugha, popularly known as Jim Iyke, is an actor and a businessman, he began acting in 2001. He’s one of the sought after actors in Nollywood.
Jim Iyke has a bottled water company called “Burgeon Table Water”, clothing line called “Untamed Closet” and the founder of Jim lyke Foundation for Children with Special Disabilities.
2. Richard Mofe Damijo Net Worth – $15 Million
Richard Mofe Damijo is a veteran Nollywood actor who has featured in many blockbuster movies.
He also does voice over for radio and TV commercials. Richard Mofe Damijo has signed some mouth-watering deals for different companies and he is a former commissioner for Culture and Tourism in Delta State.
3. Desmond Elliot Net Worth – $10 Million
Desmond Elliot is a top Nollywood actor and film director. He has featured and directed many Nollywood movies. He ventured into politics in 2014.
Desmond Elliot is making money from different sources acting, directing, endorsements, and politics.
He contested and won the Surulere Constituency in April 11, 2015, Nigerian General Elections.
4. Chidi Mokeme Net Worth – $7.0 mIllion
Chidi Mokeme is a Nigerian actor, model, and TV host. He started acting since 1995 and has become successful in his career. His fame soared when he presented in the first two seasons of popular Nigerian Reality TV Show, Gulder Ultimate Search (GUS).
5. Segun Arinze Net Worth – $5.1 Million
Segun Arinze is an actor, singer, scriptwriter, producer, director and does voice over for TV and radio commercials. He was once known as “Nollywood Bad Boy”.
Segun Arinze gained his popularity from the soap opera “Ripples” in the early 90s and has since remained one of the top Nollywood actors.
6. Mike Ezurounye Net Worth – $4.7 Million
Mike Ezurounye was a banker before he became an actor. His first movie was titled “Broken Marriage” and ever since then, he has featured in many movies.
Mike signed an endorsement deals with the Glo telecommunication company and Airtel.
7. Ramsey Noah Net Worth – $4.5 Million
Ramsey Noah’s romantic acting skills in movies has endeared him to be caste by movie producers and loved by many movie watchers in Nigeria. The handsome actor is regarded as “Nollywood Lover Boy”.
Ramsey Noah starting acting since 1993 and has made money and fame for himself over the years.
8. John Okafor Net Worth – $4.2 Million
John Okafor’s role in a comic movie titled Mr.Ibu which he acted in 2004 boosted his career as an actor and ever since then, he has been referred to as Mr. Ibu. John Okafor’s imbecility roles in movies stood him out among his colleagues and have featured in several comic movies making him one the richest Nollywood actors.
9. Nkem Owoh Net Worth – $3.9 Million
Nkem Owoh is a comical actor who started acting in the 1980s. He also featured “Things Fall Apart” and “New Masquerade” a popular comedy TV series in the 80s.
Some of his notable movies are Taboo, Ukwa, A Fool at 40, Ghana Must Go, Spanner, Mr. Trouble, Osuofia in London, and so on. Nkem Owoh well interpreted comical roles in movies have taken him far and wide in the movie industry.
10. Pete Edochie Net Worth – $3.8 Million
Veteran Nollywood actor Pete Edochie was once a broadcaster at the Eastern Nigerian Broadcasting Corporation before becoming an actor.
He started acting in the 1980s with a lead role as Okonkwo in “Things Fall Apart”.
After “Things Fall Apart” Pete Edochie became successful as an actor getting roles in soap operas and in movies. He has featured in many movies and has won prestigious awards.
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