The Nigerian music industry had a fantastic year in 2024, with our musicians gaining global fame and wealth. Stars like Davido, Wizkid, and Tiwa Savage have built large, powerful fan bases worldwide thanks to their exceptional music. But who are the richest musicians in Nigeria according to Forbes? Let’s take a look at the top wealthiest songwriters in the country.
1. Davido
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David Adeleke, known as Davido or 30BG, is currently one of Nigeria’s richest musicians. With seven years in the industry, he has consistently released hit songs, earning numerous awards and recognition. Born into a wealthy family, Davido started his music career after graduating from university. His unique style quickly catapulted him to fame.
2. Wizkid
Ayodeji Ibrahim Balogun, better known as Wizkid or StarBoy, is another top earner. Wizkid is one of the most talented and successful musicians in the industry. He won a Grammy Award in 2022 and has collaborated with global artists like Drake, Chris Brown, and Rick Ross. Many even call him the king of Afrobeat.
3. Burna Boy
Burna Boy, whose real name is Damini Ebunoluwa Ogulu, is a Grammy Award-winning artist from Port Harcourt. He joined the music industry in 2010 and rose to fame with his 2012 hit “Like To Party.” Since then, Burna Boy has consistently released hit songs.
4. Don Jazzy
Don Jazzy is a legendary songwriter and producer who has paved the way for many talents like Tiwa Savage, Reekado Banks, and Rema. As the boss of Mavin Records, he has received numerous awards and is one of the richest musicians in Nigeria.
5. Tiwa Savage
Tiwatope Omolara Savage, known as Tiwa Savage, is the queen of Afrobeat in Nigeria. Born and raised in Lagos, she started her career during her university days and joined the industry in 2001. She gained popularity in 2012 with her hit song “Love Me” and has been successful ever since.
6. Olamide
Olamide, known as the King of Rap in Nigeria, raps primarily in Yoruba. He has made a name for himself in the industry and is also a philanthropist, helping others rise through his label.
7. Phyno
Chibuzo Nelson Azubuike, better known as Phyno, is a rapper, singer, songwriter, and producer from Enugu State. Recognized for his debut album “No Guts No Glory” in 2003, Phyno stands out with his Igbo rapping style. He has secured many deals and endorsements.
8. Flavour
Chinedu Okoli, known as Flavour N’abania, gained fame with his 2017 hit “Ashawo Remix.” Flavour combines traditional highlife with modern beats, making his concerts a big hit.
9. 2Baba (2Face Idibia)
Innocent Ujah Idibia, known as 2Baba, is a true legend in the Nigerian music industry. His music, including the hit song “African Queen,” has earned him numerous awards and recognition.
10. D’banj
D’banj started gaining fame in 2014 and has released over 40 songs. He remains one of the living legends of the Nigerian music industry.
Conclusion
These musicians have made their fortunes through music, deals, and endorsements. What do you think about this list? Let us know in the comments!
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