Top 10 Richest Musicians in Nigeria (2016, Forbes)

Top 10 Richest Musicians in Nigeria 2016

So, you want to know the top 10 richest musicians in Nigeria? Read on.

Let’s face it, there’s no way to accurately determine the financial worth of any individual unless he or she discloses it. This explains why you won’t get an accurate account of how much Nigerian musicians are worth.

Though you’ll find various lists all over the internet that rank Nigerian musicians in terms of their riches, get it clearly that these lists are products of estimations based on various factors such as popularity, endorsement value, show rates, sales, awards, investment, influence, social media presence, YouTube views, and so on. And this explains why there’s no agreement between them.

Here, however, we will try to strike a balance. After having looked at a number of posts listing the richest musicians in Nigeria, we came up with the list below, which highlights the top 10 richest musicians in Nigeria—in no particular order:


Comprising twin brothers, Peter and Paul Okoye, P-Square is believed by many to be the richest Nigerian musicians (there’s no strong evidence to support this, though). The duo charge between 8-15 million Naira per show, and they’re signed up as ambassadors for strong Nigerian brands such as Globacom.

P-Square signed recording deals with Akon’s Konvict Music in December 2011 and Universal Music in May 2012. The Square Villa in Ikeja, owned by P-Square is said to be worth $3 million (around N500 million).

Also Read: Top 100 Richest Musicians in Nigeria

D’ Banj

Dapo Daniel Oyebanji (D’Banj) was born on June 9, 1980. He started his music career with Mo’ Hits Records, the label under which he shot to fame in 2005, when he released his first album, No Long Thing. He broke up with his producer, Don Jazzy in 2012 in a development which saw the end of Mo’ Hits Records.

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D’Banj charges between 6-8 million Naira per show, and is currently signed up with Globacom and other Nigerians brands in deals worth several millions of Naira.

TuFace Idibia

Innocent Ujah Idibia (popularly known as TuFace Idibia) is one of Nigeria’s most popular hip-hop sensations and is regarded by many as one of Nigeria’s best instrumentalists ever. It is reported that TuFace earns between 5-7 million Naira per show.

The father of seven seems to be finding his way into property business as he keeps acquiring assets, which run into millions of Naira from different parts of Lagos.

TuFace Idibia has recorded 10 million CD sales and at least seven million digital sales. He is associated with Guinness, Haven Homes, Airtel Worldwide and is a philanthropist.

Also Read: Richest Musicians In Africa

Don Jazzy

Michael Collins Ajereh (Don Jazzy) was on November 26, 1982. He is a multi award-winning record producer, singer-songwriter, musician, and former chief executive officer of Nigerian record label Mo’ Hits Records, founded in 2004 and current CEO of the Mavin Records label, which he founded in May 2012 after his broke up with childhood friend and Mo’Hits partner, D’banj.

Don Jazzy is more of a music producer, and he’s earning his multi-millions from doing just that.


One of the hottest musicians in Nigeria right now, Ayodeji Ibrahim Balogun (Wizkid) is controlling millions at a very young age (he was born on July 16, 1990). After rising to prominence in 2009 with his song “Holla at Your Boy,” Wizkid has grown in leaps and bounds with many hit songs and awards to his credit.

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Wizkid, is the CEO of Starboy, an affiliation with Disturbing London, and has engaged in several international collaborations. He is the highest paid Pepsi ambassador in Africa and an ambassador of MTN. He earns between 4-6 million Naira per show.


Davido shot to stardom in 2011 after the release of his single titled “Dami Duro”. David Adedeji Adeleke also known as Davido is the son of billionaire Dr. Deji Adeleke and Davido never ceases to hide the fact that his father is a billionaire who owns a private jet.

Davido was born on the 21st of November 1992 at Atlanta Georgia in the United States of America is a not just an artist but also a record producer, a song writer and also the co-owner of HKN Music Record Label.

See Wizkid’s New Mansion in Los Angeles

Other artistes believed to be among the top 10 richest musicians in Nigeria include:

  • Banky-W
  • Ice Prince
  • Flavour
  • Tiwa Savage

LATEST: Top 20 Richest Musicians in Nigeria (2016)


This list is based on rough estimations made from the factors earlier mentioned and should not be used or quoted as an authoritative source. As stated earlier, only the musicians themselves know how much they’re really worth.

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Add a Comment
  1. michael

    i luv phyno because he kill d beat

  2. akinnusi oluwakayode

    olamide is the best now that is song is hosting the town

  3. akinnusi oluwakayode

    olamide is the best

  4. akinnusi oluwakayode

    I luv olamide too much because is the best rapper

  5. Wilfred Eneyo

    Davido is my best artist in de world so far, because whenever he is singing he do speak his floently,and he is not arrogant like Babanla master Wizkid.

  6. r-duzze

    love ya wizkid, you be head for ’em all , am a singer i need your help. my number is this. 08143603796

  7. Jay-swagg

    All of u are good musicans,keep it up.i need help i hve written songs like arrente dance,i no like,take me to dubia,money e.t.c.pls smeone shuld help:08063174202

  8. clinton

    Am also a rapper I need help (07067987366) buh I prefer olamide badoo

  9. Joseph

    Wizkid AKA Wizzy Baby BABANLA is d best ever I hv been his fan since his tittled song (holla at your boy). He killz d beat both in 9ja nd overseas, to you guys d davido fans, davido can’t b compared with wizkid cos davido doesn’t hv music talent his daddy’s money rescued him nd he can never beat wizkid’s reach…..wishing I can ever meet with wizkid but I don’t sing song I only plays football……… God’s blessing will continue to follow you Mr. Wizzy Baby BABANLA………(ARO). 09032508217

  10. fineface

    I luv dey list,I am a young musician and video producer/photography,pls I mid a help,08068442057.

  11. Ogbeni moses

    Phyno i love 4frm connect to fafa god bless u all

  12. bali

    Psquare is the best

  13. opeyemi

    Olamide na my boss I love him sooooooo much YBNL BOSS you too much jor… I’m a good rapper and musician but I need help (08100952613)

  14. opeyemi

    I really like olamide.. I’m a good musician but I need and also a rapper… But I need help (08100952613)


    i love davido an i want to be like him

  16. Henry

    I prefer phyno

  17. Oyin.

    I look forward to seeing Wizkid at the top

  18. Oyin.

    I know 1 day, Wizkid will be the first

  19. tysax

    y say wizkid is to proud..excuse me pls shey oro niyen????wen wetin he dey do sure for am(MUSIC) u kon ssay make he no dey proud…no b so ronaldo self b abeg park welllllll!!!!!!!

  20. tysax

    y say wizkid is to proud..excuse me pls shey oro niyen????wen wetin he dey do sure for am(MUSIC) u kon ssay make he no dey proud…no b si ronaldo self b abeg park welllllll!!!!!!!

  21. Fabian Prosper

    For me I think it is P-Square for now

    1. johnson power sleys kiss

      i love my life but now i need to become a musicial my number is 07083562717

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