Top 10 Richest Musicians in Nigeria 2024 & Net Worth

Nigeria, known for its vibrant culture and rich musical heritage, has produced some of the wealthiest musicians in Africa. The Nigerian music industry has seen exponential growth over the years, contributing significantly to the country’s economy and international reputation.

This article takes a closer look at the top 10 richest musicians in Nigeria as of 2024.

richest musicians in nigeria

10 Richest Musicians in Nigeria in 2024

These artists have not only made a name for themselves through their unique sounds and styles but have also accumulated substantial wealth through their music, endorsements, and various other ventures.

1. Davido

richest musician in nigeria davido

Leading the pack is Davido, a household name in not just Nigeria but across the globe. With a staggering net worth of over $90 million, Davido, the boss of the 30BG gang, stands as the wealthiest musician in Africa.

His success story extends beyond music; he co-owns the HKN music label with his brother and boasts a portfolio of luxury real estate and a fleet of high-end cars. His properties include residences on Banana Island and a vacation home in Georgia, USA.

Davido’s taste for luxury vehicles is evident in his collection, which features a 2019 Rolls Royce Cullinan, Bentley Bentayga, Porsche Panamera Turbo S, and several other premium models.

Davido, whose real name is David Adedeji Adeleke, is not just a musician but a cultural icon in Nigeria and beyond. His musical journey is adorned with numerous awards, including BET Awards and MTV Europe Music Awards, reflecting his international acclaim.

Beyond his illustrious music career, Davido has made significant contributions to philanthropy. He’s known for funding music schools and offering scholarships to students, showcasing his commitment to giving back to the community.

His collaborations span across continents, featuring international artists like Chris Brown, Nicki Minaj, and Young Thug, which have been instrumental in boosting his global appeal. Additionally, Davido is a social media powerhouse, with a massive following that looks up to him not just for his musical talent but also for his trendsetting fashion sense and lifestyle.

2. Wizkid

richest musician in nigeria wizkid

Wizkid, with a net worth of $70 million, is another Nigerian superstar who has made significant waves internationally. Launching his career in 2009 under Banky W’s EME label, Wizkid has since become a prominent figure in the industry.

Wizkid owns properties in Lagos and Los Angeles and a fleet of luxury cars, including a 2021 Rolls Royce, 2019 Lamborghini Urus, and a Maybach, among others. His journey from humble beginnings in Surulere, Lagos, to international stardom is a testament to his talent and hard work.

Ayodeji Ibrahim Balogun, known professionally as Wizkid, has become a defining figure in the Afrobeats genre. His music, a captivating blend of Afrobeats, R&B, and reggae, has garnered a global audience. Wizkid’s album “Made in Lagos” broke several records and was a commercial success, featuring the international hit “Essence” with Tems, which received worldwide acclaim.

Beyond music, Wizkid has delved into the fashion world, becoming a brand ambassador for international clothing lines, and has been featured in high-profile fashion magazines, showcasing his influence that transcends music. His journey from the streets of Surulere in Lagos to international stages is a source of inspiration for many aspiring artists in Nigeria and across Africa.

3. Don Jazzy

richest musician in nigeria don jazzy

Don Jazzy, with a net worth of $55 million, is not just a successful musician but a savvy businessman. The head of a record label, he owns mansions in Lekki, Banana Island, and Los Angeles. His car collection is as impressive as his real estate, featuring a Porsche 911 Carrera, Bentley Continental, Cadillac Escalade, and a Mercedes Benz E350.

Born Michael Collins Ajereh, Don Jazzy is not just a successful musician but a cornerstone in the Nigerian music industry. As the founder of Mavin Records, he has been instrumental in the rise of several Nigerian artists, fostering a new generation of talent. Known for his exceptional production skills, Don Jazzy has been the mastermind behind numerous hit songs in Nigeria.

Don Jazzy’s influence extends beyond music production; he is regarded as a mentor by many and is respected for his business acumen in the entertainment industry. His contributions to the music scene have earned him numerous accolades and have established him as one of the most influential figures in African music.

4. Burna Boy

richest musician in nigeria burna

Burna Boy, dubbed the African Giant, has a distinct style that blends Afrobeats, dancehall, and reggae, setting him apart in the music industry. His net worth of $40 million is a testament to his success, both in Nigeria and internationally.

Burna owns a multimillion-naira mansion in Lekki and several luxury cars, including a red hot Rolls Royce Dawn Convertible, Ferrari 458 Italia, and a Mercedes Benz G-Wagon.

His breakthrough came with the album “Outside” in 2018, which included the hit track “Ye”, catapulting him to international fame. Since then, Burna Boy has consistently released chart-topping albums and singles, solidifying his place as a global music icon.

His fashion sense, often a mix of traditional African and contemporary styles, has made him a trendsetter. Burna Boy’s influence goes beyond music; he’s actively involved in social and political activism, using his platform to speak on issues affecting Nigeria and Africa.

5. Timaya

richest musician in nigeria timaya

Timaya, with a career spanning over a decade, has become synonymous with the Nigerian music scene. His journey began in 2005, and since then, he has consistently been at the forefront of the Afrobeats and dancehall genres in Nigeria.

Known for his unique voice and energetic performances, Timaya’s music often reflects his personal experiences and the socio-economic realities of life in Nigeria, making him relatable to a wide audience. His net worth of $35 million is not only from music sales but also from endorsements and investments in real estate, showcasing his versatility as an artist and a businessman.

His Lekki mansion and car collection, including a Porsche 911 Carrera, multiple Range Rovers, and a Bentley Continental GT, reflect his success in the industry.

6. D’banj

richest musician in nigeria dbanj

D’banj, also known as the “Koko Master,” stands out not only for his music but also for his charismatic stage presence and business ventures. His education at Oxford University in Mechanical Engineering adds a unique facet to his personality, combining intellectual prowess with musical talent.

D’banj’s music is a mix of Afrobeats and pop, making him popular among diverse audiences. His contributions to the Nigerian music industry have been recognized with numerous awards and international collaborations. D’banj’s entrepreneurial spirit is evident in his involvement in various business ventures outside of music, adding to his substantial net worth of about $30 million.

He owns a house in Lagos and several cars, including an Aston Martin Vintage and a Toyota Hilux.

7. 2Face Idibia

richest musician in nigeria 2face

2Face Idibia, a legendary figure in Nigerian music, is known for his soulful music and humanitarian efforts. Starting his career with the Plantashun Boiz, he quickly rose to fame as a solo artist. His music, often centered around themes of love, hope, and social issues, has resonated with fans globally.

2Face’s influence extends beyond music; he is a prominent voice in activism, advocating for peace and social justice in Nigeria. His investments in real estate and endorsements have significantly contributed to his wealth, making him one of the richest musicians in Nigeria.

With a net worth of over $27 million, 2Face owns properties in Lagos and a collection of cars including a Chevrolet Corvette Coupe and a Ferrari Coupe.

8. Olamide

richest musician in nigeria olamide

Olamide, a key figure in Nigerian rap, has been influential in bringing the genre to the mainstream in Nigeria. His music, often in Yoruba, resonates with the streets and has a loyal fan base. The head of YBNL Nation, Olamide has been instrumental in the rise of new artists in the Nigerian music scene.

His business acumen, combined with his musical talent, has made him one of the richest musicians in Nigeria. Olamide’s impact on Nigerian music and youth culture is profound, and he continues to be a significant figure in the industry.

With a net worth of $21 million, Olamide has an impressive car collection that features a Mercedes-Benz G-Wagon and a Rolls-Royce Phantom.

9. Yemi Alade

richest musician in nigeria yemi alade

Yemi Alade, a dynamic and vibrant force in the Nigerian music scene, has carved a niche for herself as one of the leading female artists in Africa. Known for her energetic and electrifying performances, she burst onto the scene with her hit single “Johnny,” which became a global phenomenon.

Born Yemi Eberechi Alade on March 13, 1989, in Abia State, Nigeria, her rise to fame is a tale of talent, perseverance, and hard work. Yemi Alade’s musical journey began in earnest when she won the Peak Talent Show in 2009, setting the stage for a successful music career. Her albums, from “King of Queens” to “Woman of Steel,” showcase her versatility as an artist and her ability to blend different genres and languages, making her music relatable across Africa and beyond.

Yemi Alade’s influence extends beyond music. She’s known for her sense of style, often incorporating African prints and designs into her wardrobe, making her a fashion icon and a promoter of African culture. Her involvement in various philanthropic activities, advocating for women’s rights and education in Africa, has made her a role model for young women across the continent.

Her success in the music industry has translated into financial wealth. Yemi Alade’s net worth, estimated to be around $12 million, stems from her music sales, tours, endorsements, and her role as a coach on “The Voice Nigeria.” She’s also made significant strides in the international music scene, collaborating with artists like Angelique Kidjo and Rick Ross, further solidifying her status as one of the leading voices in African music.

10. Phyno

richest musician in nigeria phyno

Phyno, known for his unique blend of Igbo rap and hip-hop, has carved a niche for himself in the Nigerian music industry. His journey from producing to performing is a story of persistence and talent.

Phyno’s music is a fusion of traditional and modern sounds, making him popular among a wide range of audiences. His net worth of $20 million comes from his successful albums, brand endorsements, and investments. Phyno’s contribution to the Nigerian music scene goes beyond entertainment; he is a symbol of cultural pride and an inspiration to many aspiring artists.

He owns a 3-bedroom duplex in Chevy View Estate in Lagos and a mansion in Enugu State. His car collection includes a Rolls-Royce Phantom and a Lamborghini Gallardo Spyder.


These musicians not only exemplify the wealth that can be accumulated through talent and hard work in the Nigerian music industry but also the diverse nature of the industry itself.

From afro beats to hip hop and highlife, these artists have used their platforms to gain international recognition, amassing fortunes that place them among the richest musicians in Nigeria.


95 thoughts on “Top 10 Richest Musicians in Nigeria 2024 & Net Worth”

  1. I love WizKid, & i’ve always loved him from day 1 when he started, because his own way of singing give me joy, it gladins my heart, & always going to remain his fan. long leave Starboy. long leave WizKid. long leave Nigeria. Thank u.

  2. davido I really love you in my heart because is everyday I hear your voice music pls don’t forget my family oooo if you can help me with money I can never forget you in life because I need to pay my school function….. pls this is my account number Oludare oluwafemi 0241245255 wema bank…. pls any amount i manage it thank you so much god will bless you and your family and everybody dey with you everyday..this is my number 07011663824 or 07057507066

  3. This list should be reviewed well just around 6yrs Davido and Wizkid are topping the list yet Musicians like D’banj,2baba,Don Jazzy not to forget the defunct duo Mr P and Rudeboy(P square)have been on tge game for than one and a half decades…For me I believe Davido and Wizkid should be behind this guyz

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