Are you curious to know the richest musician in Nigeria? It is understandable. Nigeria has so many fine music artists and year after year, the music industry seems to expand with the introduction of yet another music sensation. This article provides a list of 20 richest Nigerian musicians and every information you need to know about them; such as their net worth and family life.
The Nigerian music industry is made of different styles of music such as rap, afro-beats and hip-hop. Many Nigerian musicians are not only celebrities in the music scene but are also brand owners who run their own businesses. Many of them have worked hard to build a strong fan base using the power of social media and consistent music production. This has not only made them famous but also brought them much fortune and global recognition.
How do Nigerian musicians make money
There are different means through which Nigerian artists make money. One of which is through endorsement deals. Often times, their popularity makes big brands to endorse them. These endorsement deals usually run into millions. Another way through which Nigerian musicians make money is via awards and international collaborations. As mentioned earlier, many Nigerian artists are also involved in investments and businesses other than music. In relation to music, Nigerian musicians make money from hosting events, performing in concerts and events, album sale, YouTube streaming, paid collaborations, partnerships, endorsement deals, and even licensing their music. Below are the names of the top Nigerian musicians who are veterans in the Nigerian entertainment industry
Davido – $32 Million
Many people argue against this, but it is very much undebatable that Davido is the richest Nigerian musician. Davido has proven himself to be a super talented songwriter and hitmaker. Almost every of his song becomes a hit but locally and in the international community. He also owns a record label and has won many awards.
Davido, often referred to as Omo Baba Olowo [OBO], is popular in Nigeria and is also loved by many. He has a net worth of 32 million dollars and makes millions of naira daily from his job as an entertainer. Davido’s full name is David Adedeji Adeleke. Aside from the wealth, Davido has gathered as a musician, he is also is the son of one of the wealthiest and most powerful politician in Nigeria. Davido was born on the 21st of November 1992 in Atlanta, USA. Davido is referred to in many quarters as the most hardworking musician in Nigeria. He has also released several hit songs that broke records and tore music charts both locally and abroad. Davido is also the co-owner of HKN, a popular Nigerian record label, which he established with his brother, Adewale Adeleke. Davido is one of the wealthiest musicians in the Nation.
Wizkid
Wizkid is arguably the most loved musician home and abroad. He is one of the most popular and respected African musician in the world. He has an estimated net worth of $20 million. Wizkid is one of the richest musicians in Nigeria.
Wizkid is a songwriter and performing artiste. Wizkid’s musical journey officially began in 2009 when he was signed to one of the biggest record labels in Nigeria at the time, Empire Mates Entertainment (EME). Empire Mates Entertainment (EME) was founded and owned by Banky W, who is another rich and famous Nigerian musician. In 2013, Wizkid left Empire Mates Entertainment (EME) and founded his record label called Starboy in 2013. Since then, Starboy has signed more than seven other now popular recording artistes to his record label. They include: Mr. Eazi, Maleek Berry, Legendary Beatz, L.A.X, R2bees, Efya, Teni, and Terri.
Don Jazzy – $17 Million
You must have heard of Don Jazzy. Do you know that his real name is Michael Collins Ajereh? He is an award-winning music producer and songwriter. He is in fact the richest music producer in Africa. Don Jazzy used to sing, until 2017 when he stopped and went into full-time music production. He owns the biggest record label in Nigeria, Mavin Records. It is said that Mavin Records is worth the sum of $100 million if it were to be sold. Don Jazzy has a total net worth of $17 million. Today, Mavin Record has produced some of the most popular rock stars in the music industry, the most recent of which is Rema. Others are DNA, Reekado Banks, Korede Bello, Dija, Baby Fresh, Tiwa Savage, and Dr. Sid.
Don Jazzy also gets his wealth from endorsement deals. He is a brand ambassador of Loya milk, MTN, Johnnie Walker, Samsung Mobile, and other big brands. Don Jazzy is not only involved in music. He is the co-founder of Flobyt, a popular tech firm based in Nigeria.
2Face – $15 Million
2baba, 2face or Tuface, as many call him is another rich and popular Nigerian singer who makes millions daily from his job as a recording artist. He is one of the oldest on the Nigerian music scene with over two decades of songwriting experience. 2Baba was born on the 18th of September 1975 in Jos. He became popular after one of his best-selling track, African Queen.
2Baba began his music career with Plantashun Boiz but he is now the owner of Hypertech media, a renowned record label in Nigeria. He also has endorsement deals with Glo, Campari, and Partner Mobile.
Psquare – $13 Million
The story of the Nigerian music and entertainment industry would not be complete without mentioning the twins, Peter and Paul Okoye, popularly known as P square. Although the two are no longer together and are pursuing their different careers separately, they are still worth adding to this list. Before they broke up, they both charged as much as ₦15 million per show. During the bloom of their musical career, they also won series of musical awards MTV awards, MOBO Awards, KORA Awards, Headies.
D’Banj – $11 Million
D’Banj’s full name is Oladapo Daniel Oyebanjo. He was born on the 9th of June 1980, in Zaria, Kaduna State. D’Banj has an estimated net worth of $11 million. He is known to spend lots of money on cars, houses, vintage decorated rooms, swimming pools, and expensive leather furniture. Although D’Banj is not too active in the music industry anymore, he owns a cosmetic company worth over $10,000,000. He also runs several other startups in other parts of Africa and Europe
Tiwa Savage – $11 Million
Tiwatope Savage, popularly known as Tiwa savage is Forbes richest female Nigerian musician with an estimated net worth of $11 million. Tiwa Savage was born on the 5th of February, 1980. She is not only known in Nigeria by worldwide. Many, especially black females refer to her as a role model.
Tiwa Savage used to be a part of Marvin Record label, arguably the biggest record label in Nigeria. She left Mavins in 2019 for the Universal Music group. Some of her most popular songs are All Over, Malo, Eminado, 49-99. Tiwa Savage not only sings, but she also dances, models and acts. She has performed in more than 40 international award shows.
Olamide – $10 Million
When it comes to the king of afro-pop and street flows, Olamide is undoubtedly the name on everyone’s lips. Olamide is popular and loved, especially because many remember how he began and rose to the top. He is an inspiration to many. He is also one of the finest songwriters in Nigeria. Olamide is a genius when it comes to writing songs and creating new dance moves. He is not only one of the richest artists in Nigeria, but he is also one of the best Yoruba rappers in the entire country. Olamide owns Yahoo Boys No Laptop [YBNL Nation], which is one of the most renowned record labels in the country. Olamide has a total net worth of $10 Million.
Phyno – $9 Million
Phyno’s birth name is Chibuzor Nelson Azubuike, Phyno is a Nigerian rapper, songwriter, and record producer. Phyno’s rap game is highly respected in the country. He is one of the fastest rappers in Nigeria. He is also one of the most famous musicians who hails from the South Eastern parts of Nigeria. Phyno is currently a brand ambassador of Nairabet, Monster Energy Drink, and GLO.
Banky W – $8 Million
Banky W used to be a sensation in the Nigerian music industry. Although he has stopped making music and gone into politics, he remains one of the most successful Nigerian songwriters. Banky W’s full name is Olubankole Wellington, he was born on the 27th of March 1981. Bank W does many things. He is a singer, actor, music producer, film producer, event host, public speaker, and politician. He is the brand ambassador for Samsung and Uber. Bank W wrote the first theme song of Etisalat Nigeria titled “0809ja for life”. He is the owner of the Empire Mates Entertainment [EME], a renowned record label established in 2000. Empire Mates Entertainment [EME] has produced many popular Nigerian artists, such as Wizkid, Niyola, Shaydee, and Skales. Banky W.
Timaya – $8 Million
Inetimi Timaya Odon, popularly known by his stage name Timaya was born on the 15th of August 1977. He is one of the oldest on the Nigerian music scene with over two decades of music experience. Timaya is the owner of the renowned label, Dem Mama Records. He is also known to be a great support for upcoming musicians. Timaya is the brand ambassador to Nigerian Teleco, Glo, and Hennessy Nigeria PLC.
Flavor – $7 Million
Flavour is the most popular Igbo musician in Africa. He is loved by many. One of his hit songs that brought him into the limelight is “Ada Ada” was nominated in several awards and was the most listened song in Nigeria. He also has many endorsement deals worth millions of Naira.
Burna Boy – $5 Million [Forbes]
Burna boy is one of the most talked-about Nigerian musicians in the country. Many even think he is the best musician in Nigeria. His full name is Damini Ebunoluwa Ogulu. Burna Boy’s net worth is estimated to be around $5 million. In 2017, Burna Boy was signed to Bad Habit/Atlantic Records and Warner Music Group. Burna boy has many endorsement deals, one of which is with STAR beer. Burna boy won the Best International Act at the 2019 BET Awards.
MI Abaga – $5 Million
M.I is referred to as the king of Nigerian rap. He doesn’t rap fast, but his flow and lyrics are top-notch. MI has one of the best-selling albums in Nigeria’s history, “The Chairman” and “The Movie.” He is the current CEO of Chocolate City. He is also the most awarded rapper in Nigeria’s music history.
Yemi Alade – $4 million
Yemi Eberechi Alade is one of the richest female talents in the Nigerian music scene. She became a star after she dropped her hit track “Jonny.” She has also won MTV African Music Awards for Best Female musician two years in a role.
Falz – $4 Million
Folarin Falana, popularly known as Falz is a lawyer and Nigerian music artist. He was born on the 27th of October, 1990, in Lagos State, Nigeria. He came to the limelight after his song “Marry Me”. Falz has worked with many other celebrities in the music and Movie Industry.
Kcee – $4 Million [Forbes]
Kingsley Chinweike Okonkwo also known as Kcee is a Nigerian artist. He is the elder brother of one of the most respected billionaires in Nigeria, E-Money. Kcee used to be an MTN ambassador and won two Headies award for his hit song “Limpopo” in 2013. Although Kcee is no longer active in the music industry, he is still worth the mention.
Wande Coal – $1.8 Million
Wande Coal is one of the oldest in the Nigerian music industry. Wande Coal is known for his great vocals. He was also among the first artistes in Mavins before he left for his record label, Black diamond. He has won several awards and has been nominated in several categories.
The likes of 2baba, Olu Banky W, SB Small Star boy, OBO you guys songs will be played for ever
#Goddy_brown
#Benue_blood_2baba
One love for the twins brothers
I love you o b o more joy with happiness good health
Obi king
I want to have money more then all of them
I love phyno : flavor:donjazzy: slow dog
phyno is the best rapper
Shut up
I love you wikid forever you are my best musical Nigeria keep it up I love you starboy 09037741336
more grace to you Davido, OBO baddest
I love davido
MAKE EVERYBODY CLEAR FOR WIZKID! STAR BOY NA BABA…..
2 God i dey fill you O.B.O baddest, you will never go down ijn, dem no fit 2 stop you as you sing it, E MA DAMI DURO. Move on…07034544594
You people should stop fansing celebrities who don’t know you, and follow JESUS who DIED for your sins. Thanks and remain blessed.
no one like davido. O B O fresh dude keep pumping, it’s yr season ND no one can take it from u
Remain blessed wherever you are
Obo for life I hail ooh your boy the loyal
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.
I love wizkidayo balogun from day one
You will soar higher ijn
Your talent is rare my brother
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I Love Wizkid Because His Talented Then Davido, Keep It Up Bro
Mumu never judge ,,,,see you self you be lawyer!!!!?????
Omo baba olowo (o.b.o)davido is ur die hard fan anthony green I welcome ur new born baby from chioma carry go boss
Wizkid and 2Baba you too much
Peter, my name’sake! you sabi better things ????
I can only see wizkid nd flavor dere..
More grace
hmmm star boi, by the Grace of God, next year u will b number one in the whole world and i
Am your biggest fan you always keep me happy wizzy dizzy star boy
davido
boss man ahh hail oooo.
You are all blessed to be blessings to others,i luv u all. my no. 09034478100
Boss u to much more money more blessings more house more wrath ahead you too much
Rude boy.
I so much love you.
Please help me.
Dat is my number
08035916298
Am ur BADDEST fan Wiskid
I mostly love kizz Daniel in my life
But it still remains the baddest o.b.o
The best
What abt tekno my loveoooooo
yea ooo
My Star boy u be king, I love that guy die
i love wizkid die
na my bestie
i will love him till death
wizzy boy
nice one to all of you guy baddo Lee starboy OBO baddest
starboy remains the king no matter what
08125472875
sure na
Wizkid always on top no mater how
Davido u too much am your die hard fans
All for star boi wizkid baba nah ur boi dey hail u oo 08162427579 i’m a comedian in case u want to call me that is number
obo come and sign me
I need your help please
I personally love “Davido”!!he is the richest
hmmm wizzy baba no man lk him sight u bro star boy
the king of all king na OBO Omo Baba Olowo Carry go
see davido i luv all ur song bcos my brother he is a dj dj youngzeez if u need him pls see his number 09036252225.
i love davido so much
wizzy babe u on top
I sight my celeb…. ????
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
u are a fool u think u b chioma wey do assurance of 25.millionnaira na thief u b lazy man u knw no say davido na 5n babe dey eat him money.
bt am sure if davido dey share money pls see my number 07087600606
Shoutout to dah three world best
Star Boi
Davido
Baddo sneh
Two baba, timaya na them be the ogbonge
Starboy international is d best.jah bless me 08109177391
I like u O B O, I know you go top bro
Starboy international is d best. jah blessed me 08109177391
All re good 9ja muzik..Wizkid got a rare talent…We’re blessed anyways
Starboy you will always be on top
OBO you be boxx nothing do you
Mr P my big boxx I salute you
Don jazzy father of all artist
Wizkid your the best I love u
fresh gang team O B O we rise by lifting others.
nice one davido
I’m a big fan of yours and Peruzzi
peri.Bang. Bang
2baba 2face if na hell me n u go enter cos me na love ya too much,live long ma guy
O B O is king
I love wiskid as my best musician , love u wiskid
Wizkid your the best i
love u
Nice list
Correct post davido is the richest
Useless post ..wizkid is the richest
I like u O B O, I know you go top bro
i love u obo davido baba eimade
Wizzy the best among the rest
I love Davido n everything about him
I will like to be like them
I love davido so much
OMO BABA OLOWO that name ghat me thinkig OBO the king…….. rise by lifting others……. GOD BLESS YOU
OMO BABA OLOWO that name ghat me thinkig OBO the king…….. rise by lifting others..
I love wizkid god bless u amen
DMW i feet die for your sack
Bless be with you my love Davido i still remain your loyal boy Jackson
Abaa
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
i love star boy as my blood menture
MY BEST MUSICIAN IS TEKNO SLIMDADDY, I LUV WIZKID, DAVIDO, LIL KESH AND OLAMIDE.
I love davido ….am his famz …..may god strengthen yaa
KING WIZZY AND DAVI. hollup
I love davido and starboy
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+2348188615440
i love u all as my fans
I love davido and starboy
+2348188625440
+2348188615440
I love davido wizkid olamide
Those two are genius..I pray I will surpass both
I like the sounds of Davido and Sterboy
MUSICIANS ARE TRYING THIER POSSIBLE BEST 2 BEAT EACH OTHER,HOWEVER DAVIDO AND WIZKID ARE D BEST.
I love davido and wizkid as my world best musician
still ur fans
na so davido my family are all your fans keep up