10 Richest Gospel Musicians in Nigeria in 2024

Over the years, Nigeria’s gospel music industry has made a name for itself on the local and global market. The expansion of the Nigerian gospel music industry has brought fame and fortune to Nigerian gospel artists. As such many gospel artists are considered rich.

Their net worth is significantly influenced by the popularity of their songs, the number of invitations they get to major performances, and endorsement agreements.

Richest Gospel Musicians in Nigeria (2024)

If you’re wondering who the richest gospel artists in Nigeria are and their net worth, then you’re in the right place. Below are the top 10 richest gospel artists in Nigeria and their net worth.

1. Mercy Nnenda Chinwo

Estimated net worth: $1 million

Mercy Chinwo is a gospel singer, songwriter, actress and comedian. She gained popularity when she released her first single ‘Testimony’ in 2015. She has released several other singles and albums including “Excess Love” and “Igwe” which are among her most popular songs.

She was signed to the gospel record label EzeeTee in 2017. Alongside her husband, she began the MercyisBlessed Foundation in 2023, which is an NGO focused on helping the less privileged and youth development.

She has received several awards over the years including the Best Gospel Artiste at the Climax Awards 2018, several sections of the AGAFEST 2019, Gospel Artiste of the Year at the AFRIMMA Awards and many more.

2. Frank Edwards

Estimated net worth: $600,000.

Frank Ugochukwu Edwards, more popularly known by his stage name Frank Edwards, is a sound engineer, artiste, producer, gospel singer and songwriter. He was once the recipient of the City People Music Award for Gospel Artist of the Year.

He has been consistently successful over the years and has received great support from his church, Christ Embassy, which has also produced other gifted singers such as Ada, Eben, Sinanch, and many more.

Rocktown Records, owned by the 31-year-old Enugu State native and singer-songwriter, is home to artists such as Gil, Divine, King BAS, Nkay, David, Dudu, and Micah Heavens, among others.

3. Alfred Bassey Nathaniel

Estimated net worth: $500,000

This 43-year-old musician is well-known for his songs which are full of vitality and have captured the hearts of many Christians.

In 2017, he launched a single called “Olowogbogboro,” which quickly became popular. He also has other lovely songs like “Imela,” “Onise Iyanu,” and many more.

4. Sinach

Estimated net worth: $400,000.

Over the years, Osinachi Kalu Okoro Egbu, a Nigerian singer and award-winning artist, has demonstrated consistency in her musical career. This has led to her becoming the first singer-songwriter to top the Billboard Christian Songwriter chart for a 12-week run. She became the first Nigerian to receive the 51st GMA Dove Award when her song “Way Maker” won the award.

Beautiful songs like “Waymaker,” which has been number one on the Billboard for 12 weeks in a row, “The Name of Jesus,” and many more incredible and spirit-filled tracks are available from the senior worship leader at Loveworld.

5. Samsung

Estimated net worth: $400,000

Nigerian gospel musician Samson Uche Mogekwu was a 2000 and 2008 nominee for the Nigerian Entertainment Awards in New York for best Gospel artist.

Several albums, including Bianule, Church Boy Reloaded, My Sound of Worship, By the Holy Ghost, On Top of the World, and The World of My Dream, are available on the gifted musician’s record.

Samsung has collaborated with some of the best brains in the nation and is an incredible composer, performer, and producer.

6. Eben

Estimated net worth: $350,000

Emmanuel Benjamin is a gospel singer, vocalist and songwriter. He started his music career as a rapper but became a gospel singer when his talent for singing and passion for the Lord was discovered.

He gained popularity in 2005 when he performed “Imarama” at a youth conference. He released his first album, “On the Rock” in 2007 and has since then released many more songs and albums that have been very successful.

7. Yinka Ayefele

Estimated net worth: $350,000.

Yinka Ayefele is a gifted vocalist, live band performer, and radio station creator from Ogun state, Ekiti, and Ibadan. Ayefele had a tragic accident in the late 1990s that left him permanently disabled and in a wheelchair, but it did not lessen his motivation to succeed in the gospel music business.

Instead, this “down” moment in Ayefele’s life pushed him to pour out his feelings in music by releasing “Bitter Experience” in 1998, which was a hit. In 2015, he established Fresh and Blast FM which is a network of radio stations across southwestern Nigeria.

Unfortunately, the Ibadan branch was demolished by the Oyo government in 2018, because the location of the property contradicts the laws of the town planning authority.

8. Tope Alabi

Estimated net worth: $300,000

Tope Alabi is a gospel singer, actress, and film music composer. She has made a name for herself in the business over the years because of her energetic composition and musical style and has been admired for her voice acting in Nollywood films throughout the years.

9. Lara George

Estimated net worth: $250,000

Based in the US, Lara George is a Nigerian gospel singer, songwriter, and producer. She started her musical career as a member of the now-disbanded musical group Kush. She released her first album titled Forever In My Heart in 2008 which included the hit song “Ijoba Orun”.

She has received several awards over the years for her musical prowess including the Voice of the Year at the Nigeria Music Awards in 2008, the Best Vocals Performance at the ‘Headies Awards in 2010, the 2013 Trailblazer of the Year Award and the 2012 AGMA for Best Female Artist. Nigeria’s Gospel Artist of the Year (2010), among several more. She is also the Vice President of SoForte Entertainment Industry.

10. Buchi

Estimated net worth: $240,000

Buchi Atuonwu is a reggae gospel artist, song writer, author and poet. He started his music career as a disc jockey in night clubs and later became part of Christ Embassy’s LoveWorld Music and Arts Ministry.