Top 10 richest musicians in Nigeria

Top 10 Richest Musicians in Nigeria

In this article, we’ll delve into the lives and fortunes of the top 10 richest musicians in Nigeria. Behind these chart-topping hits and sold-out concerts are Nigerian musicians. They’ve not only captured the hearts of millions but also amassed substantial wealth. From Afrobeat to Afropop, these musicians continue to captivate audiences worldwide with their infectious rhythms, catchy melodies, and thought-provoking lyrics. They include.

1. Burna Boy

Top 10 richest musicians in Nigeria 

Real name: Damini Ebunoluwa Ogulu

Net worth: $90 million

Burna Boy has taken the music world by storm with his unique blend of Afro-fusion and dancehall beats. He’s known for his genre-bending music, seamlessly fusing Afrobeats with dancehall, reggae, and even elements of pop. 

He’s a two-time Grammy Award winner for Best Global Music Album. Burna Boy’s powerful vocals and socially conscious lyrics resonate deeply with audiences. Furthermore, he’s a vocal advocate for his African heritage. Proudly representing his Nigerian roots on the international stage. 

In 2022, Burna Boy became the first African artist to perform at the UEFA Champions League Final Kick-Off Show. His appearance commanded a captivating audience of over 700 million. As of 2024, Burna takes the number one spot in our list of the top 10 musicians in Nigeria.

2. RudeBoy

Top 10 richest musicians in Nigeria 

Real name: Paul Okoye

Net worth: $66 million

Rudeboy is a Nigerian singer, songwriter, and performer who rose to fame as one-half of the musical duo P-Square. Following the dissolution of P-Square in 2017, both brothers embarked on solo careers.

Rudeboy proceeded to release popular songs such as “Reason With Me” and “Audio Money,” cementing his position as one of Nigeria’s richest songwriters, dancers, and artists. In 2019, he launched his musical label, “Fire Department Inc.”

In 2017, Paul made his solo debut with singles like ‘Fire Fire’ and ‘Nkenji Keke’. However, it was his song “Reason With Me” that gained traction, becoming the most-viewed video on YouTube in Africa as of 2019, with over 189 million views to date.

3. Davido


Real name: David Adedeji Adeleke.

Net worth: $40 million

Son of billionaire businessman Adedeji Adeleke, Davido has carved a name for himself in the music industry with his chart-topping hits and energetic performances.

With a diverse fan base, a string of successful ventures, and endorsement deals with major brands, Davido remains one of Nigeria’s most commercially successful artists. He rose to fame with his 2011 single “Back When” and has since established himself as a global Afrobeats icon.

Davido made history in 2019 by becoming the first solo African artist to sell out the prestigious O2 Arena in London. Today, he runs the record label “DMW (Davido Music Worldwide)”, and has collaborated with international artists like Chris Brown and Meek Mill. 

4. Don Jazzy


Real name: Michael Collins Ajereh

Net worth: $40 million

Don Jazzy is a multifaceted talent. He’s not only a renowned artist and producer but also a successful record label executive. His musical journey began in 2004 when he collaborated with D’Banj to form Mo’ Hits Records, a partnership that propelled both singers to fame.

Don Jazzy’s talent piqued the interest of worldwide music legends such as Kanye West, Jay-Z, and Beyoncé, resulting in collaborations on projects such as “Watch the Throne.” Following the closure of Mo’ Hits Records in 2012, he created Mavin Records to make it a powerhouse in African music.

Don Jazzy, the founder and CEO of Mavin Records, has played a pivotal role in shaping the Nigerian music industry. With numerous hit songs and successful artists under his label, including Johnny Drille and Rema, Don Jazzy’s influence extends beyond the studio, making him one of Nigeria’s wealthiest music moguls.

5. Wizkid

Top 10 richest musicians in Nigeria 

Real name: Ayodeji Ibrahim Balogun

Net worth: $30 million

Known for his groundbreaking hits like “Ojuelegba” and “Fever,” Wizkid has become a global icon in the music industry. Thus taking the 5th spot among the top 10 richest musicians in Nigeria. 

Emerging from the underground scene in the early 2000s, Wizkid has carved a niche for himself with his smooth vocals and distinctive blend of Afrobeats and R&B. 

His global hit “One Dance” with Drake catapulted him to international fame. This solidified his position as a global ambassador for Afrobeats. With lucrative endorsement deals, sold-out concerts, and successful collaborations with international artists, Wizkid continues to solidify his status as one of Nigeria’s wealthiest and most influential musicians.

6. Flavour

Top 10 richest musicians in Nigeria 

Real name: Chinedu Okoli

Net worth: $23 million

Bringing the Igbo highlife sound to the forefront, Flavour’s music is characterized by smooth melodies and energetic rhythms. He’s also a talented dancer and actor, further solidifying his place in the Nigerian entertainment industry.

Flavour’s music style combines highlife, hip-hop, and modern R&B. He began his musical career as a drummer in a local church in Enugu. He eventually became a backup singer for well-known Nigerian singers before releasing his debut album, “N’abania,” in 2015. 

Since then, Flavour has released several other albums, including “Blessed,” “Uplifted,” “Thankful,” and “Ijele the Traveller.” His successful songs include “Nwa Baby (Ashawo remix),” “Ada Ada,” and “Golibe.” As of writing, Flavour ranks 6 in the list of the top 10 richest musicians in Nigeria.

7. 2Baba


Real Name: Innocent Ujah Idibia

Net worth: $22 million

2Baba is a Nigerian music icon whose career spans decades. From his early days as part of the group Plantashun Boiz to his solo career, 2Baba has consistently delivered hit after hit. 

Known for his soulful vocals and socially conscious songs such as “African Queen” and “Oyi,” 2Baba has not only captured the hearts of fans but also secured lucrative endorsement deals and investments.

2Face isn’t just a singer; he’s a songwriter, record producer, and entrepreneur. He also has multi-million-dollar sponsorship deals with key organizations in the country. 2Baba is said to demand around ₦2.5 million naira per show. With an estimated net worth of $22 million, he ranks among Nigeria’s top ten richest musicians.

8. D’Banj


Real Name: Oladepo Daniel Oyebanjo

Net Worth: $15 million

 D’Banj, also known as Koko Master, is an incredible performer who’s widely regarded as one of Nigeria’s best artists. His breakout track “Oliver Twist” in 2012 represented a watershed moment in his career; he soon rose to prominence in 2014. 

D’banj is a living legend in the Nigerian music industry, having released over 40 songs. Furthermore, he owns the CREAM Platform, which the American corporation values and estimates at $1 million.

Aside from music, D’Banj has endorsement deals with Ciroc, Beats by Dre, and several other notable brands. Thus ranking 8th among top 10 richest musicians in Nigeria

9. Timaya


Real Name: Enetimi Alfred Odon

Net worth: $14 million

Timaya has carved a niche for himself in the Nigerian music industry with his energetic performances and infectious dancehall tunes. With multiple albums, sold-out concerts, and endorsement deals, Timaya continues to be a force to be reckoned with in the music industry.

He started his musical career in 2005. He was on his way to fame when he released his debut hit, “Dem Mama,” inspired by the horrific events of the 1999 Odi massacre. This song signaled the start of a great solo career. 

His debut album, “True Story,” emerged the next year, gained critical acclaim. Subsequent albums, including “Gift and Grace” (2008) and “De Rebirth” (in collaboration with Black Body Entertainment), cemented his status in the music industry. Thus achieving financial success both in Nigeria and abroad.

 10. Tiwa Savage

Top 10 richest musicians in Nigeria 

Real name: Tiwatope Savage Balogun

Net Worth: $12 million

Tiwa Savage is a Nigerian singer, songwriter, and actress who has achieved remarkable success in the music industry. With hit singles like “All Over” and “Ma Lo,” Tiwa Savage has not only won multiple awards, has secured endorsement deals with top brands, boosting her net worth significantly.

She’s a powerful vocalist and songwriter known for her fierce independence and empowering anthems. Her collaborations with international artists like Sam Smith and Beyonce showcase her global appeal.

As one of Nigeria’s leading female artists, Tiwatope Savage has achieved remarkable success in the music industry. Up to date, Tiwa Savage continues to break barriers and inspire women through music.

Wrapping Up 

From Burna Boy to Tiwa Savage, these top 10 richest musicians in Nigeria represent the pinnacle of success and achievement in the country’s vibrant music industry. With their talent, hard work, and entrepreneurial spirit, they continue to push boundaries, inspire audiences, and shape the future of Nigerian music for generations to come. You can visit our homepage for more interesting stories about other celebrities in Nigeria.

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