The Entertainment Industry in the West African country, home to the popular Nollywood films is a vibrant ecosystem booming with creatives and content acclaimed the world over. Multiple artists have made their impact felt across the content and even put the African name of the international map.
It has grown over the years, evolving and incorporating various genres to have a holistic and creative sound being projected to the world. Top genres include the signature Afrobeat, hip hop and R&B. In this article we will be looking at top 10 richest musicians in Nigeria.
1. Wizkid
Ayodeji Ibrahim popularly known as Wizkid is the richest musician in Nigeria. Amassing this wealth did not come easy to him as he worked on so many projects, partnered with different artists to increase his international visibility. The song that out his name on the map is Ojuelegba which was basically his story as an upcoming artist. He has collaborated with major brands like Pepsi, Guinness and GLO. In addition to that, he has collaborated with international artists such as Beyoncé on The Lion King album. His net worth is at $20 million.
2. Davido
David Adeleke, comes second on our list of the richest musicians in Nigeria, currently being valued at 19 million dollars ($19 million). Davido is founder of a record label in Nigeria and he gathers up multiple assets including classy mansions, a private aircraft and expensive rides. In collaboration with numerous globally recognized stars like Chris Brown and Future Hendrix, he has consistently exposed African talent to the world.
He has been in the industry for a long time and he has broken the internet with a couple of club bangers. These bangers include Skelewu and Aye which many YouTube dancers did choreographies of. To that end, his popularity can be attributed to his consistency in the industry.
3. Don Jazy
Michael Ajerah wears multiple hats being a businessman, producer and musician. He has spent multiple years on the growth trajectory up until establishing his own label called Marvin Records whose worth stands at a staggering $100 million.
This was after separation from a collaborated record label venture that was called Mo’ Hits. He has worked with various artists to create club bangers and hits that have been liked world over. His net worth is at an estimated $18.5 million.
4. Burna Boy
This list cannot be in completion without mention to the African Giant, Damini Ebunoluwa Ogulu. The African Giant has grown to international respect gaining accolades one after the other including the Best International Act at the 2019 BET Awards.
Read: A List of Top 10 Richest Musicians in Africa 2022
The ‘Ye’ and ‘Dangote’ star has been in successful collaborations such as ‘Own It’ in collaboration with UK’s Stormzy and Ed Sheeran that gained Platinum standard in a record short time. Burna does not put all his eggs in the basket of music but is also a businessman who owns real estate assets across Nigeria.
Furthermore, he has worked with international acts like Beyoncé, Ella Mai, Sam Smith and so on. His fan base and listenership on the airwaves is remarkable and his success in the music industry attributes to his wealth. His net worth is $17 million, making him the 4th among the richest musicians in Nigeria.
5. 2 Face
Innocent Idibia Ujah alias 2 face or 2baba ranks fifth with a current value estimate of $16 million. 2 Face has worked through the system and emerged successful gaining global recognition with awards such as the Headies Award and Bet Awards.
He hails from the plateau state of Nigeria. He is known for his hit songs; If love was a crime and African queen. The star and millionaire is married and has had children with different women. His success is heavily attributed to his music career.
6. Olamide
Adedeji, popularly recognized as Olamide ranks next. The formidable rapper has taken charge of the Hip Hop genre in African music. He is a Nigerian artist who is known for the hit-maker, Eni Duro. He has produced seven studio albums and secures his bag by applying himself to avenues such as endorsement contracts with reputable brands such as Guinness, Monster Energy Drink and Sterling Bank. Olamide is currently valued at $12 million.
He pursued a degree in mass communication in Tai Solarin University of Education. This facilitated his entry into the music industry. He has since partnered with brands such as Sterling bank, Goldberg and Hennessy.
7. Phyno
Phyno’s official name is Azabuike Chibuzor Nelson. He is a seasoned singer, songwriter and record producer who established his career in music back in 2003. He has released songs such as so far so good and worked with brands like monster energy and Cadbury Nigeria PLC.
He follows closely with his sources of wealth being mainly attributed to his personal artist brand and taking up promotion of other brands roles. He is currently valued at $11 million.
8. Timaya
Ranking next is Timaya, the lord of the Dance hall genre in Nigeria, who has a wide and loyal fan base across the country and in the continent as well. Timaya is was born Inetimi Alfred Odom in Port Harcourt, Nigeria. He has worked on the music industry to release songs such as the famous I can’t kill myself. He has also worked with brands such as GLO. His net worth is $10.5 million.
9. P-square
The exceptionally talented brothers Peter Okoye and Paul Okoye follow next on the list. The brothers secured a desirable spotlight on both the continental and global scenes. The duo produced music together up gaining multiple music awards such as Best Dancers of the Year and MTV Awards.
The duo however stopped performing and producing together following their separation. Paul Okoye has despite the separation gathered up his own fans and produce music enjoyed the world over. P-square is valued at $10 million.
10. Flavour
The sensational Flavor was born Chinedu Okoli in Enugu state. He is a talented instrumentalist, vocalist and actor. Flavor is mostly known for his hit makers Nwa baby, Ada and so on. His net worth is $9.5 million, accredited to his art and endorsement contracts.
11. Tiwa Savage
Tiwa savage was born as Tiwatope Savage Balogun in Nigeria. She closes our listing as the 11th among the richest musicians in Nigeria. The sultry musician obtained her education in Britain where she was bred. To further and support her music career she also got into Berkley School of music through her scholarship. The work she has some has paid off as she has gotten to work with other talented artists such as Beyoncé and has partnered with brands like MTN and forte oil. Her net worth is $9 million.