Music lovers all around the world have several topics they argue about when it comes to their favorite musicians, and knowing just how much they are worth has to be at the top of the list.
This manner of conversations spring up in all parts of the world, especially in Nigeria. As much as fans understand that most of these artists make their money from music, some are still in awe of how one person could stack up so much all in the name of being in the music industry.
Most people argue that most musicians are into other dirty businesses and believe that they make their monies via these means.
These searches come up day in; day out on the internet, and to ease your stress, we decided to put this list together, to give you an insight into the lives of some of Nigeria’s richest musicians.
Peep the list below:
Davido $45 Million
Davido was born on the 21st of November, 1992, in Atlanta, Georgia, to Veronica and Adedeji Adeleke.
Obo, Omo Baba Olowo himself is no doubt one of Nigeria’s Richest musicians as 1 write. Davido sprung into the limelight in the year 2011, with his evergreen debut track, Dami Duro. That single track copped Davido several awards of recognition. Awards from bodies like MOBO.
The Remix of the song Dami Duro features Senegalese-American talented singer, Akon, whose real name will continue to leave fans all over the world short of words, – Aliaune Damala Badara Akon Thiam.
Dami Duro also won Davido the Best African Act of the year, leaving behind his major competition, Ayodeji Balogun, Wizkid.
In 2018, Davido founded his private Record Label, called Davido Music Worldwide. He has recruited several artists, including Mayorkun, Peruzzi, Idowest, Yonda to mention a few.
As much as we would love to leave it out, we need to remind the public that Davido is the son of one of the wealthiest businessmen in Nigeria.
The 29-year-old has several mansions and cars to his name, as well as, a series of investments owing to his wealthy background. And that’s not all, he is also a director in his dad’s company. he recently moved into his banana island mansion.
Davido has 3 children with 3 different baby mamas. What constantly shocks his fans is how he makes out time for each of them. he has often been awarded the best dad by his numerous fans.
The multi-award-winning singer recently splurged almost 10 million nairas on a private jet. Davido is estimated to be worth $45 million ( Approx 18.6 Million naira)
2. Wizkid $38 Million
Wizkid comes 2nd on this list of the richest Nigerian artist of the year 2022. Born on the 16th of July, 1990, he is a Nigerian singer and songwriter. he began recording at the tender age of 11, and released a collaborative album with his group then, tagged the Glorious five.
He shot to prominence in the year 2011 after the release of his debut album, Superstar – a 17-track body of work. This was while he was under EME, a record label owned by Nigerian singer, Banky W. Wizkid is a multi-award-winning act, that is not only recognized in Nigeria but globally. He is also the founder of Starboy Music.
Wizkid is one hardworking musician who lives to work in silence and let his success make the noise, and this has actually worked for him over the years. His songs, which we have honestly lost count of have continued to top charts on billboards and other music platforms.
The singer has also bagged endorsement deals from multinationals like MTN, Glo, Pepsi, UBA. He also has several mansions and cars to his prestigious name. He is estimated to be worth about $38 million.
3. Don Jazzy $35 Million
When it comes to record production, Don Jazzy, whose real name is Michael Collins Ajere is the richest. He is the founder of Mavin Records and equally founded Mo’Hits, which use to comprise D’banj, Wande Coal, D’Prince, and a few others.
Don Jazzy is the sole producer of all the songs of his label artists, the likes of Ayra Starr, Magixx, Rema, DNA, Ladipoe, Korede Bello, and a host of others.
According to reports, Don Jazzy charges an estimated amount of 500, 000 for each production service he renders. Talk about blood money. The ace music producer also has numerous endorsement deals to his name.
On top of his production skills, Don jazzy could pass as a really good actor, a talent that is evident in his Instagram skits, with other skit makers.
He is said to have about 3 mansions, in Lekki, Banana Island, and Los Angeles, USA. That is aside from his garage of luxurious rides. His marital status is one that gives his fans great covering but he seems to be unbothered.
In April 2021, he shocked his fans by revealing that he was once married at a very young age but screwed things up. He is estimated to be worth $35 million.
4. D’Banj $27.5 Million
D’banj, born Daniel Oyebanjo Oyebanjo was born on the 9th of June, 1980 in Zaria. He is one musician whose career are really stood the test of time, right from the Tongolo days. His love for the musical instrument, the harmonica is one something fans cannot get over about his persona.
Without a doubt, D’banj has made good money in the music business and although he may not release as many songs as his counterparts, be sure he is going amazingly well in other areas of his life.
The singer experienced a dark side in his life after he lost his 1st child, who drowned in a pool at his Ikoyi residence back in 2018. He was only 13-months old. However, he welcomed another child with his wife, Lineo in 2020.
Don Jazzy and D Banj founded Mo hits back in the day before they all went their separate ways. Nonetheless, they are still good friends.
Koko master is approximately valued at $27.5 million.
5. 2Baba $22 Million
2Babais one legendry musician who has been around for over 2 decades. Innocent Idibia is a Nigerian singer, songwriter, record producer, and entrepreneur, whose stage name is 2Baba was a member of the now-defunct Plantashun Boiz.
A fun fact about 2Baba would be that he was once the richest musician in Africa and Nigeria before the likes of Davido and Wizkid took over.
One of his songs, African Queen is still evergreen, among other record-breaking hit tracks. 2Baba was one of those artists who kept us sane with good and thoughtful music back in the day. Although he fathers about 7 kids from different women, he is currently married to Nigerian actress, Annie Idibia.
Innocent Idibia is approximately worth $22 million.
6. Burna Boy $17 Million
Oluwadamini Ogulu, widely known as Burna Boy is a Portharcourt-born singer and songwriter. He is currently the only Nigerian artiste, whose mother doubles as his manager, and she sure does an amazing job.
He was born on the 2nd of July, 1991, and he is the only son of his parents and also the eldest among 3 other female siblings. His maternal grandfather used to work as the manager of the great music legend, Fela Anikulapo Kuti. This means that his mother has been grounded in Afrobeats for donkey years.
Burna Boy became a lover of music at the very tender age of 10. After springing into the limelight in the year 2012, Burna Boy has been on an amazing journey of success and has achieved several milestones in his career.
He also has several ambassadorial deals to his name. With a net worth of $17, he sits at the 4th position of the richest musicians in Nigeria.
7. Olamide $10.5 Million
Olamide Baddo, the street King cannot be left out of the list of the richest musicians in Nigeria. He is a Nigerian rapper and singer whose impact on the music industry cannot be overemphasized. he is one of the biggest forces to reckon with when it comes to the music business.
Olamide rose to prominence after his sit single, Eni Duro, a rap track that gained lots of attention and we can say it is a track that set him on the path of success. Olamide is a versatile artist who raps in both English and Yoruba. He released his debut album, Rapsodi in 2011.
He is the founder of Yahoo Boy No Laptop, YBNL. Olamide has helped a couple of street acts rise to prominence, the most recent one being portable.
Networth – $10.5 million.
8. Flavour $10.2 Million
Flavour, whose real name is is Chinedu Okoli started out as a drummer in a local church in Enugu State. He is a Nigerian singer, songwriter, and multi-instrumentalist.
Apart from his musical career, Flavour also models due to his breath-taking physique.
Flavour is valued at $10.2 million
9. Phyno $10 Million
Phyno Phyno, the fine boy of the music industry goes by the name Azubuike Nelson Chibuzor. He became popular for his rap style of both English and indigenous languages fluently.
His style of rap adds a unique vibe to his music and makes them addictive. Asides from music Phyno have also invested in real estate and fashion.
His net worth is estimated at $10 million.
10. P-Square $10 Million
Despite their split, P-Square is still regarded as one of the richest music duos in Nigeria. The Nigeria Duo took the industry by storm in the early 2000s.
Peter and Paul Okoye are popular for their dancing and singing skills.
Although their split went on for over 4 years, their fans were happy to see them back in the later months of 2021.
They are estimated to be worth $10 million.
11. Banky W $9 Million
Oluwabankole Wellington was born on the 27th of March, 1981 in the United States. He is popular by his stage name, Banky W. He is a Nigerian singer, rapper, actor, entrepreneur, and founder of EME. EME was later converted into a branding and advertising company.
Banky came back to Nigeria and began to sing in 2002. Banky W has featured quite a number of Nigerian artists and has also been featured in so many songs. The industry sympathized with him when he had to deal with skin cancer in 2017, but thankfully, he came out stronger.
He is currently married to Nigerian actress, Adesua Etomi and they have a child together.
Networth – $9 million.
12. Timaya $8 Million
Inetimi Alfred Odon, widely known as Timaya is a Nigerian artist, popular for his song, Plantain seller. He was born on the 15th of August, 1980. He is the founder of ‘Dem Mama records limited.
He started his music career in the year 2015 with his single, Dem mama, which also featured on his debut album, True Story.
Apart from music, Timaya also has several investments.
Networth – $8 million.
13. M.I $8 Million
Jude Abaga, widely known as M.I (Mr. Incredible) is a Nigerian songwriter, rapper, and record producer. M.I was born on the 4th of October, 1981. He rose to prominence in 2006 with the song, Crowned mentality. he dropped his debut album, Talk About It in 2008, which was followed up by M.I2 ( The Movie) in 2010.
M.I was the CEO of Chocolate City between the years 2015 and 2019. He announced his exit from the label in march 2020 and launched his own label, Incredible Music.
Networth – $8 million.
14. Patoranking $6.5 Million
Patroranking grew up from a very humble home. He once revealed that growing up, he shared the same room with his parents and all his siblings, which of course was not easy.
The dancehall artsist was born on the 27th of May, 1990 in Ilaje, Ebute-Metta, Lagos. When speaking about his background, he says, Ebute-Metta is my heart, no matter how hard it was we were still grateful for each day.
By the time he was 17, Pato wanted to do bigger things and decided to move to Ghana for greener pastures.
God answered his prayers when he met Timaya, who signed him to Dem Mama records, and on the 12th of September, 2013, Patoranking released Albukarika, a song to mark a turning point in his life and celebrate God’s for his blessings.
Today, all his suffering is history as he is one of the most recognized musicians out of Nigeria and Africa.
Networth – $6.5 million
15. Falz $4.1 Million
Folarin Falana, widely known as Falz is a NIgerian actor, rapper, and songwriter. Falz began his career as an artists back in secondary school, after he formed the group, The School Boys.
Although his parents are well known Lawyers and he also studied law, he always found a way back to his passion. Falz became well know after he dropped the song Mary Me, with features from Yemi Alade, and Ladipoe.
In 2015, the 30 year old was nominated for “Best Rap Act Of The Year” And “Best New Act To Watch” at the Nigerian entertainment Awards. Falz is also the only Nigeria rapper, who has received an award for his acting prowess.
Networth – $4.1 million
16. Duncan Mighty $4 Million
Duncan Mighty is a multi-award winning singer, who hails from Obio-Akpor, Rivers State, Nigeria. Duncan, whose real name is Duncan Wene Mighty Okechukwu.
His music style is unique, as he sins in both English and his indigenous language. He also has a rather distinct voice. Apart from music, he is also an entrepreneur, who owns a construction company with a truck-load of staff.
He is worth $4 million.
17. Tekno $4 Million
Tekno was noticed by popular comedian, Julius Agwu in 2012, following his performance of the song, “Onye Ne Kwu” at an Abuja event. At the same event, he net with Iyanya and Ubi Franklin and they all became friends.
He was signed into Made Men Muisic in 2013, where he released singles like Dance and Anything. These songs earned him more population as he received several awards because of them.
His hit single, Duro” received a lot of attention both locally and internationally. he layer went on to release a remix of the song Duro, where he features Flavour and Phyno – one can never go wrong with those 2 on a track.
Today. Tekno is now one of the richest musicians in Nigeria, and he is estimated to worth $4 million.
18. Kizz Daniel $1.5 Million
The fine boy of the entertainment industry, even though there is no award for it. Kizz Daniel is a quite versatile artist with good looks to match it up.
He got singed into G – worldwide, a label owned by businessman, Emperor Geezy in the year 2013, but left to start up his own label, Fly Boy Inc Records in November 2017, which has birthed lots of amazing music from the singer.
He welcomed a set of tripplets in 2021, but lots one of them – Jamal.