Agbo Dennis
Nigeria has a lot of music talents, and we have witnessed their fantastic songs and viral content, through consistency. The richest musician in Nigeria are undoubtedly the biggest Nigerian musicians with crazy popularity and reach, especially those who have been on top for up to a decade.
Nigeria is known to many as the land of Afro-pop, and this is because the country is home to many Afro-pop artists. These artists have managed to make huge amounts of money from their profession, and they are worth being admired for their contribution to the entertainment industry in Africa and beyond.
According to findings, Nigerian Musicians dominate the list of the richest musician in Africa, this is because they are doing really good in music and collaborating with international artist from overseas. Here are lists of Top 10 richest musicians in Nigeria.
1. Don Jazzy – Net Worth $30 million
Michael Collins Ajereh is known professionally as Don Jazzy, is a Nigerian record producer, audio engineer, record executive, singer, songwriter, entrepreneur and philanthropist. He is the founder and the CEO of Mavin Records.
He has produced a lot of songs and also talents in the Nigerian music industry. With the likes of Tiwa savage, Korede Bello, Reekado Banks etc. He is consider by many to be the richest Nigerian Musicians in 2021 with estimated net worth of $30 million.
2. Davido – Net Worth $26 million
David Adedeji Adeleke, popularly known as Davido, he was born in Atlanta, United State of America. He is a Nigerian-American singer, songwriter, and record producer and one of the most influential artists in Africa. He is the the son of one of the wealthiest men in Nigeria, Deji Adeleke.
He has become one of the greatest music artists in Nigeria, Africa, and the world at large on account of top-charting smash hits in his super-promising music career. He also owns his own record label which is worth billions of Naira.
He is presently signed with world music giants SONY records, known to sign best musicians in the Nigerian music industry. He is one of the richest musicians in Nigerian with estimated net worth of $26 million.
3. Wizkid – Net Worth $21 million
Ayodeji Ibrahim Balogun is popularly known as Wizkid, Wizzy or Starboy, is a Nigerian singer and songwriter and one of Africa’s biggest artists. Wizkid is the most decorated Nigerian artist ever, and one of the most revolutionary Afro-pop artists of the modern era.
He is the first Nigerian to have a sellout at the prestigious O2 arena in the UK, thereby setting the pace for other Nigerian artists. He has broken so many records since his debut at a very young age. Wizkid’s net worth in dollars is estimated to worth $21 million dollars in 2021, making him 3rd in the top 10 richest musician in Nigeria.
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4. Burna Boy – Net Worth $17 million
Damini Ebunoluwa Ogulu, popularly known as Burna Boy is a Nigerian singer, rapper, songwriter and dancer. He is one of the biggest and most successful African artists. He won the Best International Act at the 2019 BET Awards, and was announced as an Apple Music Up Next artist.
His album “African Giant” won Album of the Year at the 2019 All Africa Music Awards and was nominated for Best World Music Album at the 62nd Annual Grammy Awards. He was awarded the African Artist of the year at the 2020 VGMA’s.
His album Twice as Tall was nominated for the same category at the 63rd Annual Grammy Awards in 2020, making him the first Nigerian with back-to-back nominations at the Grammys.
In 2021, he won the award for Best World Music Album at the 63rd Annual Grammy Awards. Burna Boy current net worth is estimated to be $17 Million, making him one of the richest musicians in Nigeria.
5. Rudeboy – Net Worth $16.5 million
Paul Okoye, who is better known as Rudeboy, is a Nigerian singer, songwriter and a record producer. Paul rose to fame in the 2000s as a member of the P-Square duo who is known to be a twin brother to Peter Okoye.
Has enjoyed massive success even after his split with his twin brother, following back to back hit songs including ‘reason with me’ and ‘Audio Money‘, which has catapult him to go into tours within Nigeria, across Africa, the United States and in Europe. Rudeboy is one of the richest Nigerian musicians with an estimated net worth of $16.5 million.
6. Mr. P – Net Worth $15.5 million
Peter Okoye is known professionally as Mr. P He is a Nigerian singer-songwriter, record producer, dancer and Multi-instrumentalist. He released his album ”The Prodigal” on April 1, 2021 Featuring Simi, Teni, Singah, Tamar Braxton, DJ Switch, Ovikelz and Wande Coal.
He is also the CEO and owner of Zoom Lifestyle Lottery and owns a mansion in Atlanta, Georgia, beside his twin brother’s. Peter has an estimated net worth of $15.5 million, making him one of the richest musicians in Nigeria.
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7. 2Face Idibia – Net Worth $15.2 million
Innocent Ujah Idibia is popularly known as 2Baba with a stage name 2face. He is a Nigerian singer, musician, songwriter, philanthropist, entrepreneur, record producer, an activist and a humanitarian. He went by the stage name 2face Idibia in July 2014.
He is one of the most successful and decorated Afro-pop artists in Africa. He is the first winner of MTV Europe and Best African Act Award in 2015. He has multimillion endorsements in his belt with several top multinational brands. Some of these brands include Globacom, Campari. Guinness, etc.
Innocent also referred to as 2Baba or 2Face Idibia is the most respected Nigerian musician and regarded as a living legend with an estimated net worth of $15.2 million.
8. D Banj – Net Worth $12 million
Oladapo Daniel Oyebanjo who is professionally known as D’banj. He is a Nigerian musician, singer, rapper, songwriter, television personality and entrepreneur. He has won some music awards, including the Best African Act at the MTV Europe Music Awards 2007 and Artist of the Year at the MTV Africa Music Awards 2009.
He also won the Best International Act: Africa at the 2011 BET Awards, and Best-selling African Artist at the 2014 World Music Awards, Evolution award at the 2015 MTV Africa Music awards. D’banj which also known as the Kokomaster or Bangalee is one of the wealthiest Nigerian artist with an estimated net worth of $12 million.
9. Olamide – Net Worth $12 million
Olamide Gbenga Adedeji is professionally known as Olamide and also Baddo. He is a Nigerian rapper, singer, songwriter and hip hop record artist, he normally records his music in English and Yoruba.
Olamide is the owner of YBNL record label and he is a brand ambassador to top brands in Nigeria and he is one of Nigeria’s most bankable and richest musician with an estimated net worth of $12 million.
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10. Banky W – Net Worth $10.5 million
Olubankole Wellington who is better known as Banky W and he was assigned in film as Banky Wellington. He is a Nigerian singer, actor, rapper, politician and an entrepreneur.
He is the owner of the popular Empire Mates Entertainment (E.M.E) record label which was dissolved and converted to a branding and advertising company. He has bagged a lot of awards in the R&B music category since 2006. Banky W is one of the wealthiest Nigerian artist with an estimated net worth of $10.5 million.
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