Reekado Banks Net Worth in 2024: How Rich is this Nigerian singer?

Reekado Banks is a famous Nigerian singer that came into the spotlight thanks to his amazing talent. We are going to talk about Reekado’s net worth, personal life and net worth.

We will see how he managed to reach the popularity he has right now but also what new projects he is working on right now.

Reekado Banks Early Years

Ayoleyi Hanniel Solomon was born on December 6th 1993 in Lags in Nigeria. Reekado grew up in the family that loved music, so he was bound to enter the musical scene one day. His father was a pastor in Ondo State while his mother worked as a caterer.

Reekado grew up in a family of five, with an older brother and a younger sister. He loved music from early on and everyone knew his as the talented kid in the neighborhood. Since his parents were very religious, he grew up in a very strict family and was considered a good kid.

At the age of 14 he began recording his first songs. His brother, who was a producer then, helped him create or record his first songs. His brother was a huge influence on him and tutored him on how to sing, how to perform and how to achieve the goals in music that he wanted to achieve.


While he was still a teenager, he came up with a name Reekado Banks, by putting together the parts of his last name. He started performing under this name professionally and kept it until now. The name can be translated as strong ruler.

Even though he knew he is going to be in music for the rest of his life, he still wanted to finish college and receive a college degree. He graduated from the University of Lagos with degree in strategic study and history.

While growing up, he mentioned that his biggest influences were DJ Jimmy Jatt, Don Jazzy and M.I.

If you’re looking for more updates and insights on celebrities, explore our past posts where we’ve meticulously covered all facets.

Reekado Banks Career Path

Reekado’s career started pretty early on when he started recording his first songs with his brother. This was the time when he created his stage name Reekado Banks and the first time he was faced with professional music production.

His professional career started when his brother sent some of his songs to the Mavin Records. They were on search for new talents, and his brother saw a chance to get his brother a breakthrough. He was selected in the end by the Mavin Records among 5000 other people.


For the National Mirror he said that his brother sent his songs and agreed with the label about everything instead of him. Even though his brother did this without consent, Reekado is still happy that this happened. He often says that he likes creating music for everyone, and different songs styles for everyone’s taste.

His first single came out in 2014 under the name Turn It Up. The song was released the same day when Reekado signed a contract with the Mavin Records. He was joined by Tiwa Savage on this song and this was also the first single he released for the Mavin Records.

The song was an absolute success and his was the moment when he started gaining fans. Reekado was also a part of the song Dorobucci together with Tiwa Savage, Don Jazzy and Korede Bello. Besides being in the same project with these talented singers, he also joined them later on in songs Looku Looku, Arise and Adaobi.

In 2015 he came out with a song called Katapot. The song was meant to be a diss track for Wande Coal and D’banj. The same year, Don Jazzy took to Twitter to say the song was not a diss track. For an interview Reekado did for the Vanguard, he said that the song wasn’t a diss track but only a song for his fans.


2015 was obviously Reekado’s year since a Nigerian telecommunications company signed an endorsement deal. This definitely gave him a bit more star status and put him more into the public eye. After 5 years of being with the Mavin Records, and announced that he is going to start his own brand Banks Music.

Reekado’s net worth is estimated at around 600$ thousand. Even though he earns a lot of money from his performances and his music, he is still a break through star and we can expect him to get his net worth higher. By owning his own company Banks Music, he will certainly be earning more money in the future.

Besides music and his record label, he also has many endorsements that allows him to have a pretty good net worth, considering his age and career experience. Reekado keeps recording new songs and we will definitely see something new from him pretty soon, unless he goes behind the scenes and starts producing music instead.

Reekado has many followers and subscribers on his social media. He likes sharing his performances and information about his new projects.


Net worth of Reekado Banks in 2024

As of 2024, The Gloor says that Reekado Bank’s net worth is thought to be $2 million, which is about 840 million Naira. He made this money as an artist on the Mavins Record company and as the CEO of Banks Music.

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