Are you interested to know the first ten wealthiest musicians in Nigeria?
Well, this article will help you find the answer to your problem. These artists are all talented, hardworking, and they have a different unique style of performing on stage. Our ranking of the richest musician in Nigeria will depend on how demanding an artist is. That is, the number of shows and concerts booked, the ones shut down, and all the creative deals an artist has signed. Read on to find out ten wealthiest musicians in Nigeria.
Wizkid – Net Worth $40 Million
Ayodeji Ibrahim Balogun, better known by his stage name Wizkid, is undoubtedly the most lavish artiste in Nigeria. He was born in Surulere in Lagos State, on July 16th, 1990. Recently, Forbes ranked him among the wealthiest celebrities in Africa in 2020. Apart from being the founder and CEO of Starboy music record label, he is an award-winning act recognized not only in Nigeria but also internationally.
He is also known as Starboy and Lil Prinz. At the age of 11, he released a collaboration with Glorius Five, which he formed with his friends in a church. He gained a lot of popularity with the release of "Holla at Your Boy" from his debut album Superstar in 2010. Later on, he managed to release other successful albums and even recording a hit song "One Dance" with a famous music performer Drake which is in the Guinness World Records.
Wizkid has signed endorsements deals worth millions of Naira, and he is the ambassador for Globacom (top telecom company in Naira), Pepsi, and also MTN deal worthy N40 million.
He has expensive cars, mansions in various countries, as well as investments, businesses, and assets. He charges 5 million Naira per show and has an estimated net worth of $40 million as ranked by Forbes.
Davido – Net Worth $25.5 million
At the moment, Davido is the second richest musician in Nigeria. His real name is David Adedeji Adeleke. He has signed a lot of endorsement deals with companies such as AXE and Infinix Mobility. If you have been following him keenly, you will realize that his songs have crazy views on YouTube. He was born on November 21st, 1992, in Atlanta, the United States, but he is from a Nigerian family.
He is the son of one of the wealthiest men in Nigeria, Deji Adeleke. He owns a record label worthy billions of Naira. Presently, he is signed with word giants SONY records, which is known to sing best Nigerian Artistes like Tiwa Savage, Tekno, and Wizkid.
He has a series of investments and has expensive mansions and cars. We cannot conclude that he has any endorsement deals because we hardly see him on adverts. He charges N3 to N5 million per show and has an estimated net worth of $25.5 million.
Don Jazzy Worth $18.5 million
He is the wealthiest record producer and CEO of Mavin records. In 2004 he co-founded MO' Hits Records, which excelled in the likes of D'Banj, Wande coal, etc.
His real name is Michael Colins Ajereh and charges N500, 000 or even more to produce a song. He further signed various endorsements deals that are worth millions of Naira.
He owns mansions and has numerous cars. He is not married as of now and has an estimated net worth of $35million.
Burna Boy Worth $17 million
His real name is Damini Ogulu. He gained prominence in 2012 after releasing "Like to Party."
In 2017, he signed with Bad Habit/Atlantic Records. He has an estimated net worth of $17 million. He gets his income from endorsement deals, sale of music, and investments.
2Face (2Baba) Worth $16 million
UJah Idibia, popularly known as 2Face and 2Baba, was born on September 18th, 1975, in Jos. He started from nothing has he performed at schools, and later on universities. He interrupted his education to purposely concentrate on his music career.
He is currently known to be the best Afropop musician. In 2004 he released an album "Face to Face," which saw the world, and since then, he has released the other six albums.
Away from music, he is also an entrepreneur. 2baba has endorsement deals with top organizations in Nigeria. He is rumored to charge 2.5 million Naira per show.
Olamide Worth $12 million
Olamide Adedeji is a rising hip-hop artiste in Nigeria born on March 15th, 1989, in Bariga, Lagos State. He mostly does his recordings in the native language, Yoruba.
He became popular in 2010 after he released his single "Eni Duro." In 2011 he released a successful album "Rapsodi" followed by the second one, "YBNL."
He is the first Nigerian celebrity to sign an endorsement deal with Ciroc. He has won many awards like NEA at most prominent Nigerian and African award ceremonies.
He has three houses and several cars. His current net worth is $12 million.
Phyno Worth $11 million
He started his music career in 2003, which has so far earned him $11 million. Before he decided to become a musician, he played drums and piano, wanted to become a doctor, pilot. He also could create a rendition of every single recording he heard.
He has worked with well-known stars in Nigeria, such as Flavour, Timaya, Mr. Raw, and others to produce music.
Timaya Worth $10.5 million
Timaya was born on August 15th, 1980, in Port Harcourt, Rivers State. After founding Dem Mama Soldiers is when he started singing and songwriting.
He released a debut album in 2005 called "True Story," followed by "Gift and Grace" album in 2008. He rose to fame after the release of his third studio album titled "De Rebirth". Today he has six albums and a lot of singles.
His estimated net worth is $10.5 million.
Peter Okoye and Paul Okoye Worth $10 million
Peter and Paul were born on November 18th, 1981, in Jos, Plateau State. They created a band known as P-square, and it was the most famous duo in Nigerian until they decided to part ways.
Paul now has a solo career and is popularly known as Rudeboy. Peter, on the other side, is perfecting his music career and has money-spinning deals with KIA Motors and Olympic Milk. When together, they used to earn crazy money and were estimated to get $150,000 per concert. They had a big house and private jet and only have an estimated worth of $10 million each.
Flavour Worth $9.5 million
Flavour is a well-known Nigerian singer who began as a church drummer. His real name is Chinedu Okoli. His song "Ada Ada" was nominated for Best Music Video in 2014 at MTV Africa Music Awards of the year. He has several popular albums like "Thankful, Uplifted and Blessed." His current net worth is $9.5 million.
Hopefully, this article has helped you find the answer to the disturbing question, "Who are the 10 richest musicians in Nigeria?" In the coming years, this list will change. We hope your favorite musician will be listed.