The Nigerian music industry makes billions of naira annually and has proven to be one of our major exports, which is one reason we need to guard it jealously. Our Nigerian musicians are living an extravagant lifestyle. The life of fame, glamour, money and flamboyance has become the order of their day and it is a life many of us are dreaming to live in. So, in this article I will be sharing with you the top 10 richest musicians in Nigeria in 2023 and their net worth.
10. Olamide
Olamide is a famous Nigerian rapper, singer, songwriter, recording artiste and record label executive. He was born on 15th March 1989 in Bariga, Lagos State. He has an estimated net worth of $15 million. He rap and sing mostly in Yoruba language and sometimes calls himself Olamide Baddo or Baddest Guy Ever Liveth. In 2000, he decided to pursue a career in music. He is currently the Chief Executive Officer of YBNL Record Label.
9. Phyno 
Phyno is a famous Nigerian indigenous rapper, record producer, songwriter, singer and a record label executive. He was born on 9th October 1986 in Abakpa-Nike, Enugu State. He has an estimated net worth of $15.5 million. Phyno is originally from Anambra State but was born and bred in Abakpa-Nike, Enugu State. Throughout his high school days, Phyno focused all his attention in music and learned to play the drums and piano.
8. Burna Boy 
Burna Boy is a famous Nigerian Afrobeat and reggae-dancehall singer, songwriter, stage performer and a recording artist. He was born on 2nd July 1991 in Port Harcourt, Rivers State. He has an estimated net worth of $20 million. Burna Boy was born in Port Harcourt and is the only son of his parents and being the eldest of three siblings comprising of girls only. He came from a family who appreciates music. He spent most of his early childhood in the United Kingdom.
7. Flavour 
Flavour is a famous Nigerian singer, songwriter, recording artiste, stage performer and an instrumentalist. He was born on 23rd November 1983 in Achara Layout, Enugu State. He has an estimated net worth of $22 million. He is originally from Umunze in Orumba South Local Government Area of Anambra State. Flavour is the first son of a large family consisting of four siblings and seven step siblings. He attended Robinson Primary School in Uwani and Uwkunanaw Boys Secondary School in Achara Layout, both in Enugu State, Nigeria.
6. Timaya 
Timaya is a famous Nigerian singer, songwriter, stage performer and a recording artiste. He is popularly known as Egberi Papa 1 of Bayelsa. He was born on 15th August 1980 in Port Harcourt, Rivers State. He has an estimated net worth of $30 million. Timaya is originally from Odi, a small village in Bayelsa State. He started his music career in 2005 and is currently the founder of Dem Mama Records. In 2006, he rose to fame after the release of his hit single “Dem Mama and True Story”.
5. 2Face Idibia 
2Face Idibia is a famous Nigerian R&B singer, songwriter, stage performer, recording artist and an entrepreneur. He was born on 18th September 1975 in Jos, Plateau State. He has an estimated net worth of $35 million. 2Face Idibia is originally from Idoma, a small village in Benue State. After completing his primary and secondary school education, 2Face Idibia attended the Institute of Management and Technology (IMT) in Enugu and obtained a National Diploma (OND) in Business Administration Management.
4. D’banj
D’banj is a famous Nigerian singer, songwriter, recording artiste, stage performer, investor and an entrepreneur. He is popularly known worldwide as the “Koko Master”. He was born on 9th June 1980 in Zaria, Kaduna State. He has an estimated net worth of $40 million. He is originally from Ogun State in the south western part of Nigeria. After completing his basic education, D banj attended Oxford University in London, United Kingdom, where he graduated with a Bachelor’s Degree in Mechanical Engineering.
3. Don Jazzy 
Don Jazzy is a famous Nigerian singer, songwriter, recording artiste, stage performer, record producer, investor and record label executive. He was born on 26th November 1982 in Umuahia, Abia State. He has an estimated net worth of $50 million. After completing his basic education, Don Jazzy attended Ambrose Ali University Ekpoma in Edo State and graduated with a Bachelor’s Degree in Business Management. He is currently the CEO of Mavin Records.
2. Wizkid 
Wizkid is a famous Nigerian singer, songwriter, recording artiste, stage performer, model and a record label owner. He was born on 16th July 1990 in Surulere, Lagos State. He has an estimated net worth of $65 million. While still in school, Wizkid started pursuing his music career at the age of 11 years old. In 2009, he got admitted to Lagos State University and later dropped out. His parents later admitted him into Lead City University in Lagos, but he later dropped out to focus full time on his music career. He is currently the CEO of Star Boy Records.
1. Davido
Davido is a Nigerian musician, singer, songwriter, recording artiste, stage performer and a record label executive. He was born on 21st November 1992 in Atlanta, Georgia in the United States of America. He has an estimated net worth of $85 million. His father is a billionaire businessman while his late mother was a university lecturer. Davido is originally from Osun State. After completing his basic education, Davido attended Babcock University in Ogun State and graduated in 2015 with a Bachelor’s Degree in Music. He is currently the Chief Executive Officer (CEO) of (DMW) Davido Music Worldwide.
Austine Ikeru is a Professional Blogger, YouTuber, Forex Trader and Entrepreneur. You can follow him on Facebook, Twitter, Instagram and Tiktok