Reekado Banks Net Worth
Reekado Banks has accumulated an estimated net worth of around $2 million in 2024. Known for his musical prowess, he boasts a significant fan base not only in his native Nigeria but also in other African countries, with Ghana being one of the notable nations where his popularity has soared.
Reekado Banks continues to thrive in the music industry, attracting a diverse audience and contributing to his financial success.
Reekado Banks Biograpgy
Ayoleyi Hanniel Solomon, born on December 6, 1993, better known by his stage name Reekado Banks, is a prominent Nigerian singer and songwriter.
In 2014, he inked a record deal with Mavin Records, eventually departing from the label in 2018. Prior to his association with Mavin Records, he went by the stage name Spicy.
Reekado Banks made an impactful entry into the music scene, clinching the Rookie of the Year award at The Headies in 2014.
The following year, he stirred controversy by winning the coveted Next Rated award at The Headies 2015. His debut studio album, “Spotlight,” was unveiled on September 1, 2016, making a notable debut at number 10 on the Billboard World Albums chart.
Life and career
Reekado Banks, the youngest member of a music-loving family, hails from Isarun, Ifedore LGA, Ondo State, with a pastor father and a mother who works as a caterer.
Growing up in a disciplined household due to his parents’ pastoral background, Reekado Banks completed his secondary education at the age of 14. His journey into music began in 2008 when he started recording his initial set of songs.
Under the guidance of his elder brother, who produced his early works, Reekado Banks received mentorship in singing, writing, and production.
The derivation of his stage name combines meaningful elements; “Reekado” translates to “strong ruler,” while “Banks” loosely means “wealth.”
In 2014, Reekado Banks added academic achievements to his artistic pursuits by graduating from the University of Lagos with a degree in history and strategic study.
His musical influences include industry figures such as Don Jazzy, 2face Idibia, DJ Jimmy Jatt, Olamide, and M.I.
Reekado Banks secured his record deal with Mavin Records through an online talent search, where his brother submitted his songs without his initial consent.
Selected from over 5000 entries, Reekado Banks officially joined Mavin Records on February 21, 2014. In an interview with the National Mirror, he emphasized his versatility as an artist, creating music that caters to diverse tastes.
During his time with Mavin Records, Reekado Banks released the single “Turn It Up” featuring Tiwa Savage, marking his debut under the label.
He was also part of the collaborative effort “Dorobucci,” alongside other Mavin Records artists. Additional joint singles with fellow artists, such as “Adaobi,” “Arise,” and “Looku Looku,” showcased his collaborative versatility.
In February 2015, Reekado Banks dropped the Don Jazzy-produced single “Katapot,” which sparked rumors of being a diss track aimed at D’banj and Wande Coal.
However, he clarified that the song was created for his fans. During his tenure with Mavin Records, Reekado Banks secured an endorsement deal with Nigerian telecommunications company Globacom in July 2015.
After five years with Mavin Records, Reekado Banks announced his departure on December 7, 2018. Subsequently, he launched his independent record label, Banks Music.
In 2021, he released the single “Ozumba Mbadiwe.” Following the launch of Virgin Music Nigeria on September 1, 2023, Kimani Moore revealed that the unit would oversee the distribution for Reekado Banks, among others.
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