Top 10 Richest Musicians In Nigeria

Nuelson Penuel Friday, October 27, 2023 Celebrities



Nigeria, the giant of Africa, is not only known for its rich cultural heritage but also for its vibrant music industry. In recent years, Nigerian musicians have been making huge strides, not only in terms of popularity but also in their accumulation of wealth. In this blog post, we will delve into the lives and achievements of the top 10 richest musicians in Nigeria, exploring their net worth and the various sources of their income.

1. Davido (Net Worth: $30 million):

Born David Adedeji Adeleke, Davido has risen to become one of Africa's most renowned musicians. With hit songs like "Fall," "If," and "FIA," Davido has amassed a huge fanbase and earned significant wealth. Apart from his music career, Davido owns a record label called Davido Music Worldwide (DMW), which has signed several talented artists. He also has endorsement deals with leading brands like Infinix, Pepsi, and MTN.

2. Wizkid (Net Worth: $20 million):

Wizkid, born Ayodeji Ibrahim Balogun, is another Nigerian superstar who has achieved remarkable success both nationally and internationally. His breakthrough hit, "Ojuelegba," gained global recognition and opened doors for collaborations with international artists like Drake and Beyoncé. Wizkid's wealth primarily comes from music sales, music tours, and endorsement deals. He is a brand ambassador for Ciroc, Nike, and Pepsi, among others.

3. Burna Boy (Net Worth: $17 million):

Damini Ogulu, known as Burna Boy, has become a force to be reckoned with in the music industry. With his unique blend of Afrobeat and reggae, he has gained massive popularity and acclaim. Burna Boy's album "African Giant" was nominated for a Grammy Award, solidifying his place on the global stage. Besides music sales and tours, Burna Boy also earns money through endorsement deals with brands like Star Lager Beer and Pepsi.

4. Don Jazzy (Net Worth: $10 million):

Don Jazzy, whose real name is Michael Collins Ajereh, is a renowned music producer and entrepreneur. He co-founded the now-defunct Mo' Hits Records and went on to establish Mavin Records, which has produced numerous hit songs and discovered exceptional talents. Don Jazzy earns from music production, artist management, and endorsement deals. He has collaborated with brands such as MTN, Loya Milk, and Konga.

5. 2Baba (Net Worth: $9 million):

Innocent Ujah Idibia, popularly known as 2Baba or 2Face, is an iconic figure in the Nigerian music industry. His soulful voice and timeless hits have earned him not only wealth but also respect and admiration. 2Baba's net worth is a result of his successful music career, endorsement deals with brands like Guinness and Campari, and his ownership of Hypertek Entertainment.

6. Timaya (Net Worth: $8 million):

Enitimi Alfred Odom, better known as Timaya, is one of Nigeria's most successful dancehall artists. He gained popularity with his debut album, "True Story," and has since released hit songs like "Dem Mama" and "Bum Bum." Timaya has also ventured into other businesses, including real estate. In addition, he has endorsement deals with Globacom and Hennessy.

7. Phyno (Net Worth: $7 million):

Chibuzor Nelson Azubuike, known as Phyno, is a talented indigenous rapper known for his unique style and delivery. His songs, such as "Fada Fada" and "Connect," have become anthems in Nigeria. Phyno's wealth is derived from album sales, music tours, and endorsement deals. He has worked with brands like NairaBet and Monster Energy drinks.

8. Olamide (Net Worth: $6 million):

Olamide Adedeji, popularly called Olamide or Baddo, has carved a niche for himself in the Nigerian music scene with his energetic rap style. His consistent release of hit songs and successful albums has endeared him to fans both in Nigeria and beyond. Olamide owns a record label called YBNL Nation and has endorsement deals with Glo and Sterling Bank.

9. Mr. P (Net Worth: $5 million):

Peter Okoye, popularly known as Mr. P, is a former member of the now-defunct duo, P-Square. After the group disbanded, Mr. P launched his solo career and has since released several hits like "One More Night" and "Karma." In addition to music, he owns a record label known as PClassic Records and has endorsement deals with Olympic Milk and KIA Motors.

10. Rudeboy (Net Worth: $4 million):

Paul Okoye, fondly known as Rudeboy, is the other half of the defunct P-Square duo. Like his brother, Mr. P, Rudeboy embarked on a successful solo career after their separation. His solo singles, including "Reason With Me" and "Audio Money," have amassed millions of views on YouTube. Rudeboy's wealth comes from music sales, brand endorsements, and his record label, Fire Department Inc.

Wrapping up

These are the top 10 richest musicians in Nigeria who have achieved incredible success in their careers and have earned substantial wealth as a result. However, it is important to note that these figures are estimates and subject to change. Nonetheless, their accomplishments serve as an inspiration to aspiring musicians and demonstrate the enormous potential for success in the Nigerian music industry.

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