May 11, 2024
The Nigerian music industry is currently one of the richest and most vibrant in Africa. It is also one of the most competitive, with a large number of talented musicians striving for a place in the limelight. So, who are the richest musicians in Nigeria?

Who Is The Richest Musician In Nigeria?

In this article, we will be taking a look at the top 10 richest musicians in Nigeria.
We will be considering their net worth, their major source of income, and their place in the Nigerian music industry today.
So, without further ado, let’s get started!

Top 10 richest musician in NigeriaRichest musicians in nigeria

Davido – net worth of $16 million

Davido, whose real name is David Adeleke, is a Nigerian singer, songwriter, and record producer. He was born on November 21, 1992, in Atlanta, Georgia, but grew up in Lagos, Nigeria.

He started his music career in 2011 and has released several successful albums and singles, including “Aye,” “Omo Baba Olowo,” and “FALL.”

Davido’s net worth is estimated at $16 million, making him one of the richest musicians in Nigeria. His wealth comes from his music career, endorsements, and investments.

He has endorsement deals with popular brands such as MTN, Amstel Malta, and SLOT. He also owns several businesses, including a music label, a clothing line, and a real estate company.

In addition to his successful music career, Davido is known for his philanthropic efforts. He has donated money to charity and has built schools and hospitals in Nigeria.

He is also a vocal advocate for education, often speaking out about the importance of education for young people in Nigeria.

Overall, Davido’s success in the music industry and his diverse business ventures have contributed to his impressive net worth of $16 million.

Wizkid, whose real name is Ayodeji Ibrahim Balogun, is a Nigerian musician and songwriter. He was born on July 16, 1990 in Surulere, Lagos. He rose to fame in 2010 with his hit single “Holla at Your Boy” and has since released several successful albums and singles, including “Ojuelegba,” “Come Closer,” and “Soco.”

He is known for his unique blend of Afrobeat, R&B, and pop music and has won several awards, including three MTV Africa Music Awards, three Headies Awards, and one BET Award. As of 2021, his net worth is estimated to be $14 million.

Don Jazzy – net worth of $10 million

Don Jazzy, whose real name is Michael Collins Ajereh, is a Nigerian singer, songwriter, and record producer. He was born on November 26, 1982 in Umuahia, Abia State.

He co-founded the record label Mo’ Hits Records in 2004 and has since produced and released several successful albums and singles, including “Dorobucci,” “Collabo,” and “Ifeoma.”

He is known for his unique production style and has won several awards, including two Headies Awards and one MTV Africa Music Award. As of 2021, his net worth is estimated to be $10 million.

Tiwa Savage – net worth of $9 million

Tiwa Savage, whose real name is Tiwatope Savage-Balogun, is a Nigerian singer, songwriter, and actress. She was born on February 5, 1980 in Isale Eko, Lagos.

She rose to fame in 2010 with her hit single “Kele Kele Love” and has since released several successful albums and singles, including “All Over,” “My Darlin,” and “Love Me, Love Me.” She is known for her unique blend of Afro-pop and R&B music and has won several awards, including one MTV Africa Music Award, one Nigerian Entertainment Award, and one Headies Award. As of 2021, her net worth is estimated to be $9 million.

Burna Boy – net worth of $8 million

Burna Boy, whose real name is Damini Ebunoluwa Ogulu, is a Nigerian singer, songwriter, and rapper. He was born on July 2, 1991 in Port Harcourt, Rivers State. He rose to fame in 2012 with his hit single “Like to Party” and has since released several successful albums and singles, including “Gbona,” “Anybody,” and “On the Low.”

He is known for his unique blend of Afro-fusion and dancehall music and has won several awards, including two BET Awards, two MTV Africa Music Awards, and one Headies Award. As of 2021, his net worth is estimated to be $8 million.

Olamide – net worth of $7 million

Olamide, whose real name is Olamide Adedeji, is a Nigerian rapper, singer, and songwriter. He was born on March 15, 1989 in Bariga, Lagos.

He rose to fame in 2011 with his hit single “Eni Duro” and has since released several successful albums and singles, including “Wo,” “Wavy Level,” and “Local Rappers.”

He is known for his unique blend of Yoruba and hip hop music and has won several awards, including three BET Awards, three Headies Awards, and one MTV Africa Music Award. As of 2021, his net worth is estimated to be $7 million.

Yemi Alade – net worth of $6 million

Yemi Alade, whose real name is Yemi Eberechi Alade, is a Nigerian singer, songwriter, and actress. She was born on March 13, 1989 in Abia State. She rose to fame in 2013 with her hit single “Johnny” and has since released several successful albums and singles, including “Bum Bum,” “Oh My Gosh,” and “Tumbum.”

She is known for her unique blend of Afro-pop, dancehall, and R&B music and has won several awards, including two BET Awards, two MTV Africa Music Awards, and one Headies Award. As of 2021, her net worth is estimated to be $6 million.

2Baba – net worth of $5 million

2Baba, whose real name is Innocent Ujah Idibia, is a Nigerian singer, songwriter, and producer. He was born on September 18, 1975 in Jos, Plateau State.

He rose to fame in 2004 with his hit single “African Queen” and has since released several successful albums and singles, including “Ihe Neme,” “Oyi,” and “Unconditional Love.”

He is known for his unique blend of R&B, reggae, and hip hop music and has won several awards, including three BET Awards, three Headies Awards, and one MTV Africa Music Award. As of 2021, his net worth is estimated to be $5 million

Mr. P – net worth of $4 million

Mr. P, whose real name is Peter Okoye, is a Nigerian singer, songwriter, and dancer. He was born on November 18, 1981 in Jos, Plateau State.

He rose to fame as one half of the duo P-Square, alongside his twin brother Paul. Together, they released several successful albums and singles, including “Personally,” “No One Like You,” and “Beautiful Onyinye.”

He is known for his unique blend of pop, R&B, and Afrobeats music and has won several awards, including three BET Awards, three Headies Awards, and one MTV Africa Music Award. As of 2021, his net worth is estimated to be $4 million.

Flavour – net worth of $3 million

Flavour, whose real name is Chinedu Okoli, is a Nigerian singer, songwriter, and dancer. He was born on November 23, 1983 in Enugu, Enugu State.

He rose to fame in 2005 with his hit single “Nwa Baby” and has since released several successful albums and singles, including “Adamma,” “Ada Ada,” and “Power to Win.”

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He is known for his unique blend of highlife, R&B, and Afro-pop music and has won several awards, including one BET Award, one Nigerian Entertainment Award, and one Headies Award. As of 2021, his net worth is estimated to be $3 million.

To sum up, the top 10 richest musicians in Nigeria have undoubtedly made a significant impact on the music industry both locally and internationally. With their wealth and influence, they have become icons and role models for aspiring artists in the country and beyond.

Their stories of perseverance, dedication, and hard work are a testament to the potential of Nigerian music and the endless opportunities that the industry offers. It’s evident that music is more than just a form of entertainment; it’s a means of expression and a powerful tool for social change.

As the industry continues to thrive and evolve, we can expect to see more talented artists rise to fame and success. And with the support of fans and the music community, there’s no telling how far they’ll go.

In conclusion, the top 10 richest musicians in Nigeria are not only a reflection of the country’s vibrant and diverse music scene but also a symbol of hope and inspiration for the next generation of musicians. 

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