Top 10
Top 10 Richest Musicians In Nigeria And Their Net Worth
It is not surprising that as a fan of most Nigerian musicians, you would like to know those who make the list of the top 10 richest musicians in Nigeria. All the artists in the music industry are doing well in their various careers, but some are exceptional and command lots of respect in the musical industry.
The Nigerian Musical industry has also produced some musicians who are treasured around the globe. Here are the top 10 wealthiest musicians in Nigeria with their net worths:
Top 10 Richest Musicians In Nigeria
1. Davido
David Adedeji Adeleke, born on 21 November 1992 in Atlanta, Georgia U. S is a Nigerian singer, Songwriter, and record Producer who is popularly known by his stage name Davido. His genres of music include pop, Afro pop, Afrobeats, and electropop.
In 2016, he founded Davido Music Worldwide (DMW), a record label that signed Dremo, Mayorkun, Peruzzi, and Liya.
In March 2022, Davido was featured alongside Trinidad Cardona and AISHA on Hayya Hayya (Better Together), the first single of the multi-song FIFA World Cup Qatar 2022 Official Soundtrack. Davido has three Children from different baby Mamas and was previously engaged to Chioma, the mother of his third child.
He is the richest musician in Nigeria, and he has an estimated net worth of $70 million.
2. Wizkid
Ayodeji Ibrahim Balogun, born on 16 July 1990 in Surulere, Lagos, Nigeria, is a Nigerian singer and songwriter who is professionally known as Wizkid. He began music recording at the age of 12 and rose to the limelight after releasing Holla at Your Boy.
Wizkid achieved international recognition following his collaboration with Drake on the hit single “One Dance.” It reached number one on the US Billboard Hot 100, and it topped the charts in 14 additional countries – making him the first Afrobeats artiste to appear in the Guinness World Records.
By February 2021, Wizkid became the most-streamed Nigerian artiste of all time on Spotify, with over 3.4 billion streams across all credits.
Wizkid has three sons with three different women. He is the second richest musician in Nigeria, with an estimated net worth of $50 million.
3. Don Jazzy
Michael Collins Ajereh, born on 26 November 1982 in Umuahia, Abia State, Nigeria, is a Nigerian record producer. He is professionally known as Don Jazzy and is the founder and CEO of Mavin Records. His brother is D’Prince and has performed background vocals for artistes like D’Banj, Sauce Kid, Dr SID, Ikechukwu, Kween, D’Prince, and Jay-Z. In 2019, he signed Rema and later went on to sign Ayra Starr in 2020 into Mavins Label. In 2021, he signed a new artiste, Magixx.
He is the third richest musician with an estimated net worth of $25 million.
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4. Burna Boy
Damini Ebunoluwa Ogulu, born on 2 July 1991 in Port Harcourt, Rivers State, Nigeria, is a Nigerian singer, songwriter, and record producer. Outside, which is his third studio album, marked his major label debut.
Burna Boy signed with Bad Habit/Atlantic Records and Warner Music Group in 2017. His genres are Afrobeats, Reggae, and Dance Hall. He has won and has been nominated for many awards, making him the first Nigerian artiste with back-to-back nominations at the Grammys.
He is the fourth richest musician, with an estimated net worth of $20 million.
5. Tuface
Innocent Ujah Idibia, born on 18 September 1975 in Jos, Plateau, Nigeria, is a Nigerian musician, singer, record producer, entrepreneur, Philanthropist, humanitarian, and activist. He is known by his stage name Tuface/2Baba and is regarded as one of Nigeria’s greatest Musicians of all time. In 2016, he officially changed his name from Tuface to 2Baba.
2Baba is married to Annie Idibia (nee Macauley). He has seven children – two with his wife, three with Pero Adeniyi, and two with Sumbo Ajala.
He is the fifth richest Musician with an estimated net worth of $18 million.
6. Psquare
P-square is a Nigerian music duo of twins Peter Okoye and Paul Okoye. They were born on 18 November 1981 in Jos, Nigeria. In 2016, the duo disbanded over a disagreement about the role of their manager. However, on the 17th of November, 2021, they ended their longtime quarrel and reconciled. Peter Okoye is married to Titilola Loretta Omotayo and is a parent to Cameron (son) and Aliona (daughter). Paul Okoye is married to Anita Isama, and they have a son together, Andre.
They have an estimated net worth of $16 million.
7. Olamide
Olamide Gbenga Adedeji, born on 15 March 1989 in Bariga, Lagos State, Nigeria, is a Nigerian rapper and singer. He is one of the biggest and most influential artists in Africa and is popularly known as “BaddoSneh”, Baddo. Olamide became the first Nigerian to sign an endorsement deal with Ciroc on July 17, 2013.
Olamide left Coded Tunes in 2012 to start his record label YBNL Nation. His genres are Hip-hop, Afrobeats, Nigerian hip-hop, and Rap.
He has an estimated net worth of $15 million.
8. Phyno
Chibuzo Nelson Azubuike was born on 9 October 1986 in Anambra state, Nigeria. He is a Nigerian rapper, singer, songwriter, and record producer. He is better known as Phyno Fino. His genre is Igbo rap and hip hop. In 2015, he started a festival titled Phynofest, and in 2017, he put together the biggest Concert in Africa by an artist at the Nnamdi Azikiwe Stadium, Enugu.
He is the eighth richest Musician with an estimated net worth of $12 million.
9. Timaya
Inetimi Timaya Odon, born on 15 August 1980 in Port Harcourt, Rivers State, Nigeria, is a Nigerian singer and songwriter. He is the founder of DM Records Limited. He began his solo career in 2005 with the release of Dem Mama. Under his record label, he has groomed artists such as Runtown and Patoranking.
His genres are reggae, hip-hop, Afrobeats, and dancehall. He has an estimated net worth of $11.4 million.
10. Asa
Bukola Elemide, born on 17 September 1982 in Paris, France, is a Nigerian-French singer, songwriter, and recording artiste. Her genres include Indie Pop, Afrobeats, and Pop. She met Cobhams Emmanuel Asuquo through her friend and manager Janet Nwose in 2004. Cobhams became the producer of her first studio album Asa (Asha).
She is the tenth richest musician with an estimated net worth of $10.5 million.
Conclusion
This list of top 10 richest musicians in Nigeria was ranked based on their endorsement deals, the number of hit music, houses, and cars, and the number of awards and nominations bagged. With the amounts these musicians are pulling out from their music sales, tours, etc. c it is easy to say that they are truly living up to their means.
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