10 Richest Female Musicians in Nigeria in 2024

The music industry in Nigeria has achieved great success and is world-renowned. The reason for this great success is the wealth of talent that the industry possesses.

Women aren’t left behind either as countless female artists have made it both at home and globally. Aside from growing popular over the years, these female Nigerian musicians have also grown somewhat rich. Maybe they are not as rich as their American counterparts, but they are getting there.

richest female musicians in nigeria

Richest Female Musicians in Nigeria & their Net Worth

This is why this write-up has been dedicated to these Nigerian female musicians: to find out how rich they are. In this write-up, you will get to learn about the top 10 richest Nigerian female musicians.

How did we get to calculate the net worth of these Nigerian female musicians? We simply added up their accrued endorsements and deals to get the values published here. These female musicians are arranged in the order of how wealthy they are- from the wealthiest to the least wealthy in line with our yardsticks.

1. Tems

Estimated net worth: $2 million.

Temilade Openiyi, best known by her stage name Tems, was born on June 11th, 1995. She became well-known globally when she was included in Wizkid’s 2020 song “Essence,” which was nominated for a Grammy Award. The song reached Billboard Hot number 10 after a remix featuring Justin Bieber.

At the 65th Annual Grammy Awards in Los Angeles, she took home her first Grammy Award for “Best Melodic Rap Performance” for her performance in Future’s 2022 hit song “Wait for U,” which features Drake. This made her the first female Nigerian musician to win a Grammy.

Tems is also the first musician from Nigeria to be nominated for an Oscar for her work on Rihanna’s song “L Me Up,” which was recorded for the film “Wakanda Forever.” She was also the first female artist from Nigeria and Africa to take home the Best International Act trophy at the BET Awards in 2022.

With her appearance on Future’s Wait For U in 2022, she became the first Nigerian artist to debut at No. 1 on the Billboard Hot 100. She is also the first female artist to debut at No. 1 on the Billboard US Afrobeat song charts without a feature with the song “Free Mind” in 2022.

2. Tiwa Savage

Estimated net worth: $10 million.

Tiwatope Savage, more popularly known by her stage name Tiwa Savage is a Boston, Massachusetts native who graduated from Berklee College of Music. She started her musical career providing backing vocals for musicians like Mary J. Blige and George Michael.

2009 saw Savage acquire a publishing agreement with Sony/ATV Music Publishing. After she graduated from Berklee College graduates 2012, Savage returned to Nigeria and secured a record deal with Mavin Records, motivated by the expansion of the country’s music industry. She made history in 2018 when she took home the MTV Music Europe Music Awards’ Best African Act prize.

3. Ayra Starr

Estimated net worth: $1 million.

Sarah Aderibigbe, best known by her stage name Ayra Starr, was born in 2002 and is one of the youngest artists in Nigeria. She started her music career in December 2019, when shared her first original song on her Instagram profile, which led to her deal with Mavin Records.

She gained widespread acclaim in early 2021 thanks to the success of her eponymous debut extended play and its hit single “Away.” The song made it possible for her first full-length mixtape, 19 & Dangerous, to be released in August 2021.

The first single, “Bloody Samaritan,” became the first solo song by a female artist to achieve number one on the Top 50. In 2021, she made her debut on the Pandora Predictions Chart and ranked number three on Billboard’s Next Big Sound the same year.

Ayra Starr gained widespread notoriety on a global scale in 2022 when her hit song “Rush” was released. The song received 100 million views within 5 months of being posted, Arya being the first African female artist to achieve such a feat. She also broke a record by becoming the first female artist from Nigeria to have a solo single charted on the UK Official Singles Chart.

4. Yemi Alade

Estimated net worth: $2 million.

Yemi Eberechi Alade, best known by her stage name Yemi Alade, is a Nigerian Afropop singer, songwriter, and actor. She was born on March 13, 1989. She joined Effyzzie Music Group in 2009 after winning the Peak Talent Show. In 2014, her song “Johnny” became a hit. Yemi is now regarded as one of the top musicians in Africa and has become more well-known in the music business.

She made her Billboard debut in 2016 at number four on the “Next Big Sound” Chart. She took up the Best Female MTV African Music Award in both 2015 and 2016. She became the first woman to win the MAMAs for Best Female twice in a row and be nominated for Artiste of the Year when she received her nomination in 2015.

5. Simi

Estimated net worth: $1 million.

Simi was born on April 19, 1988, and is a singer, songwriter, and actress. Her real name is Simisola Bolatito Kosoko, but she is more widely known by her stage name.

She started her career as a gospel singer but gained public recognition after releasing “Tiff” in 2014. Since then she has mostly released Afropop music and has gained significant recognition in the music industry.

6. Teni

Estimated net worth: $2 million.

Popularly known as Teni or Teni The Entertainer, Teniola Apata was born on 23 December 1993. She is a singer, songwriter and entertainer. She gained public recognition after releasing her single “Fargin” in September 2017.

She became increasingly popular after releasing other hit singles “Askamaya”, “Case” and many others.

7. Niniola

Estimated net worth: $1 million.

Niniola Apata, born on 15 December 1986 is a singer and songwriter. Professionally known as Niniola, she made her debut in the music industry after participating in the sixth season of Project Fame West Africa, where she concluded as the third runner-up. In March 2014, she released her debut single “Ibadi”.

8. Seyi Shay

Estimated net worth: $5 million.

Seyi Shay is a songwriter, singer, and actress. Her real name is Deborah Oluwaseyi Joshua and she was born on 21 December 1985. She became the lead singer of the pop girl group From Above in 2008, which has unfortunately disbanded. She signed an endorsement with Etisalat in 2013, and a record deal with Island Records in 2015.

She was living in the UK before she decided to switch over to Nigeria. When she arrived in 2011, she released a song titled Loving Your Way.  She also released another song titled No Le Le.

These two songs were hits and they helped to boost her music career a great deal.  She released yet another song in 2013 titled “Irawo”.  Also, she released another song titled “Chante” that same year. Sheyi had released several other songs after that.  She had performed on many stages across the globe.

There was a time she performed with Neyo, an American pop star; this was during the MTV Base Award in Africa.  In addition, Seyi Shay has signed deals with several companies and organizations, like Pepsi, Bacardi Breezer, and Etisalat. She is undoubtedly one of the richest female musicians in Nigeria today. Her net worth is estimated at $2.1 million.

9. Waje

Estimated net worth: $1.5 million.

Aituaje Iruobe, more popularly known by her stage name Waje was born on September 1, 1980. She is a singer, songwriter, and actress. She launched her music career in 2007, and became popular when she featured in P-Square’s hit track “Do Me”.

Since then she has collaborated with many other artists and released several singles and albums. In 2013, she released her first studio album Words Aren’t Just Enough. She made her acting debut in the 2014 film Tunnel.

She has also featured in reality shows organized by Zain and MTV Base South Africa. In that event, she emerged as a runner-up and she has been in the limelight since then. That particular event helped her to boost her career a great deal.

At a later date, she signed an endorsement deal with Glo, the giant Nigerian indigenous telecommunication company.  Undoubtedly, she is a household name in the Nigerian music industry.

10. Asa

Estimated net worth: $1.5 million.

Asa is a Nigerian-French singer, songwriter, and recording artist. She released her first studio album Asa (Asha) in 2004, and her first single was “Eye Adaba”.

Her stage name is Asa, but her real name is Bukola Elemide. She has dual citizenship as a Nigerian-French musician.  Asa started her music career several years ago but came into the limelight in 2009 when she released a number of songs, like Jailer, Eye Adaba, and so on.

She signed into Naive Records and produced her first platinum-selling self-titled album, Asa. In 2008, she won the prestigious French Constantin Award. She later released other albums including Bed of Stone, Lucid and V, which attained significant success.

Another song that shot her into the limelight was titled Fire on the Mountain. Since then, she has released quite a number of songs.  She also signed an endorsement deal with GTBank that is worth millions of naira. The deal was signed after she made an official song for the bank.

As of today, Asa is still considered a highly respected female musician.


5 thoughts on “10 Richest Female Musicians in Nigeria in 2024”

Leave a Comment

error: Content is Read-Only!!