Nigeria’s music industry has always been one of the most active in Africa. The modern Nigerian music scene is vastly different from what it was decades ago, with beautiful songs and appealing videos. Nigerian singers who have contributed to the industry’s growth have made a fortune. Who is Nigeria’s richest musician, and how much is he or she worth?Information Guide Nigeria
Who is the richest musician in Nigeria?
Here is a list of Nigeria’s wealthiest musicians, along with their ages and current net worth.
20. Phyno – $3.7 million
- Real name: Chibuzor Nelson AzubuikeInformation Guide Nigeria
- Age: 35 years (as of 2022)
- Net worth: $3.7 million
- Source of wealth: Music sales and performances, endorsement deals
Phyno is a well-known Nigerian musician whose name comes from the word phenomenal. When he was in high school, he began using the name as a stage name.Top 20 richest musicians in Nigeria and their net worth 2023
The artist became interested in music production at a young age and entered the music industry during his secondary school years. He wanted to be a pilot at first but was told he could be a doctor instead. He turned down both career options in order to pursue his passion for music. He is now one of Nigeria’s wealthiest musicians.
Read Also: Top 20 Richest Musicians in Nigeria & Forbes 2023 and Their Net Worth [UPDATED]
19. MI Abaga – $4 million
- Real name: Jude Lemfani Abaga
- Age: 40 years (as of 2022)
- Net worth: $4 million
- Source of wealth: Music sales, record label, and endorsement deals
MI Abaga is a well-known Nigerian singer and the current CEO of Chocolate City, a 2005 Nigerian record label. He was born on October 4, 1981, and is best known for songs like One Naira, Your Father, Bad Belle, and Anti.
18. Wizkid – $4 million
- Real name: Ayodeji Ibrahim Balogun
- Age: 32 years (as 0f 2022)
- Net worth: $4 million
- Source of wealth: Music and record label
Wizkid is a well-known Nigerian singer, songwriter, and record producer with a net worth of $4 million. Aside from his enormous popularity in Africa, the singer has achieved international stardom after collaborating with well-known music industry figures such as Drake.
17. Kcee – $4.5 million
- Real name: Kingsley Chinweike Okonkwo
- Age: 43 years (as of 2022)
- Net worth: $4.5 million
- Source of wealth: Music sales, endorsement deals
Kcee, or Kingsley Okonkwo, is a well-known Nigerian singer and songwriter. He was previously a member of the Hip Hop duo Kc Presh. The singer was born and raised in Anambra State’s Amaputu. He has a recording contract with Five Star Music.50+ Best Ankara designs for gowns to wear in 2023 (pictures)
Read Also: Top 10 richest people in Nigeria and their net worth
16. Kizz Daniel – $4.8 million
- Real name: Oluwatobiloba Daniel Anidugbe
- Age: 28 years (as of 2022)
- Net worth: $4.8 million
- Source of wealth: Music sales, endorsement deals
Kizz Daniel is a Nigerian singer and songwriter who was born on May 1, 1994. He is best known for his phenomenal hit singles such as Woju, Lie, and One Ticket. Daniel signed a recording contract with G-Worldwide Entertainment in 2013 but left the company after a public contract dispute and court case. A few years after his departure, he founded the Fly Boy Inc record label.
15. Ice Prince – $5 million
- Real name: Panshak Henry Zamani
- Age: 35 years (as of 2022)
- Net worth: $5 million
- Source of wealth: Music sales, record label
Ice Prince is a Nigerian songwriter, rapper, and actor who was born Panshak Zamani. He was born in Minna, Niger State, on October 30, 1984. The singer then attended St. Murumba College before enrolling in Jos’ Science Tutorial College.
Ice Prince began writing and performing rap songs at school social events in 1999. He later formed the ECOMOG Squad, which lasted for a year.Top 10 best musicians in the world ever that you should know
14. Patoranking – $5 million
- Real name: Patrick Nnaemeka Okorie
- Age: 32 years (as of 2022)
- Net worth: $5 million
- Source of wealth: Music sales, investments, and endorsement deals
Patoranking is a Nigerian singer and songwriter. He is now widely regarded as one of the country’s and Africa’s best dancehall musicians. Ijegun-Egba is where the renowned artist was born and raised. Later, he began his musical career as a street jammer and carnival dancer.
13. Yemi Alade – $5 million
- Real name: Yemi Eberechi Alade
- Age: 33 years (as of 2022)
- Net worth: $5 million
- Source of wealth: Music sales, investments, and endorsement deals
Yemi Eberechi Alade, better known as Yemi Alade, is a Nigerian singer and songwriter who specializes in Afropop. She became well-known after winning the Peak Talent Show in 2009. Yemi is best known for her hit singles Bum Bum, Africa, Kissing, and Shekere. In 2023, she is one of Nigeria’s richest female musicians.NYSC Portal
Read Also: Top 10 Richest Persons In Nigeria [Updated 2023]
12. Banky W – $9 million
- Real name: Olubankole Wellington
- Age: 41 years (as of 2022)
- Net worth: $9 million
- Source of wealth: Music sales, investments, and endorsement deals
Banky W was born in the United States but raised in Laos, Nigeria. At a young age, the accomplished musician began his musical career by singing in church. He moved to New York after finishing high school to pursue a university engineering course.
His debut single, Ebute Metta, became an instant hit, paving the way for the release of subsequent singles such as Strong Thing and Lagos Party. Bank W has had several brand endorsements, most recently with Uber, Coca-Cola, and Etisalat Mobile, in addition to his enormously successful music career. He was also known as the “face of Samsung” in Nigeria.
The musician also appeared in the 2016 film The Wedding Party, which grossed around $500,000.
11. Tiwa Savage – $9 million
- Real name: Tiwatope Savage-Balogun
- Age: 42 years (as of 2022)
- Net worth: $9 million
- Source of wealth: Music sales, investments, and endorsement deals
Tiwa Savage is a British-Nigerian singer who was born on February 5, 1980. Tiwa is a talented songwriter and actress in addition to singing abilities. She was born in Isale Eko and moved to London for secondary school when she was 11 years old. She began her music career five years later, doing backup vocals for artists such as Mary J. Blige and George Michael.105 Good Morning My Love Messages
10. Mr. P – $9.8 million
- Real name: Peter Okoye
- Age: 40 years (as of 2022)
- Net worth: $9.8 million
- Source of wealth: Music, investments, and endorsement deals
Mr. P, or Peter Okoye, was the other half of the now-defunct P-Square duo. After his divorce from his equally famous brother, the singer and record producer went on to release several songs. Aside from music, Peter has made a fortune from brand endorsements and commercials. He is now one of Nigeria’s top ten richest musicians.
Read Also: Top 12 Richest Pastors in Nigeria 2023
9. Don Jazzy – $10 million
- Real name: Michael Collins Ajereh
- Age: 39 years (as of 2022)
- Net worth: $10 million
- Source of wealth: Music, investments, and endorsement deals
Don Jazzy is a successful Nigerian businessman, songwriter, singer, and record producer. His interest in music began when he was 12 years old. The musician has collaborated with a number of well-known artists, including Jay-Z, Ikechukwu, Sauce Kid, and D’banj.
Don Jazzy founded Mo’ Hits Records, a record label that signed several Nigerian musicians. After the label was dissolved, he founded Mavin Records, which is still in operation today. Don Jazzy has previously had numerous brand endorsement deals in addition to singing. Samsung, Betway, Johnnie Walker, and Indomie Noodles are among them.
8. Davido – $10 million
- Real name: David Adedeji Adeleke
- Age: 29 years (as of 2022)
- Net worth: $10 million
- Source of wealth: Music, investments, and endorsement deals
Davido is a popular Nigerian singer, record producer, and songwriter known for his catchy tunes and energetic dance moves. After the release of his debut album Omo Baba Olowo in 2012, he rose to prominence. Davido has since amassed a massive global fan base, as evidenced by the tens of millions of followers on his Instagram page.
The musician owns a number of properties in Nigeria and in the United States, where he was born. He owns properties in Ikoyi, Banna Island, Lekki, and Atlanta. The musician dropped out of school to pursue his musical passion but later returned to finish his studies. His illustrious career has seen him win a BET award as well as a number six spot on Billboard’s US World Album charts for his album.200 Romantic Love Message For Her
7. Flavour – $10.2 million
- Real name: Chinedu Izuchukwu Okoli
- Age: 38 years (as of 2022)
- Net worth: $10.2 million
- Source of wealth: Music, business ventures, and endorsement deals
Flavour’s musical career began when he was 13 years old when he began singing in church as a choir member. He then honed his abilities after the resident pastor introduced him to the executive officer of Soundcity Communications. Flavour then accepted an educational scholarship from the company.
Throughout his career, the musician has received numerous awards. City People Entertainment Award, Nigeria Music Video Award (NMVA), and Channel O Music Video Award are among them. Flavour’s musical prowess and subsequent fame have led to numerous invitations to social events, concerts, and endorsement deals. Deals with Nigerian Breweries, Onga Seasoning, Hapr, Globacom, and Conoil are among the latter.
6. Timaya – $10.5 million
- Real name: Enitimi Alfred Odom
- Age: 41 years (as of 2022)
- Net worth: $10.5 million
- Source of wealth: Music sales, investments, and endorsement deals
Enitimi Alfred Odom was born in Timaya in Port Harcourt, Rivers State. When he founded the hugely popular music group Dem Mama Soldiers, he began his singing and songwriting career. He left the band in 2005 to pursue a solo career, and he soon released his debut album, True Story. His second album, Gift and Grace, was released shortly after, in 2008.
5. Olamide – $10.5 million
- Real name: Olamide Adedeji
- Age: 32 years (as of 2022)
- Net worth: $10.5 million
- Source of wealth: Music, investments, and endorsement deals
Olamide is a Nigerian rapper, songwriter, and CEO of the YBNL Record Label. He is one of the few well-known artists who record songs in Yoruba. The musician came from a low-income family and gradually rose to prominence. Temi Ovwasa, Chinko Ekun, Picazo, Lil Kesh, and Adenkule Gold have all signed with his music label.
Olamide also serves as a brand ambassador for a number of well-known Nigerian companies, including iTel Mobile, Cîroc, Globacom, and Guinness. In 2019, he signed a multi-million naira endorsement deal with Goldberg Lager.
4. D’banj – $11 million
- Real name: Oladapo Daniel Oyebanjo
- Age: 41 years (as of 2022)
- Net worth: $11 million
- Source of wealth: Music, investments, and endorsement deals
D’banj is a well-known Nigerian TV host, entrepreneur, rapper, songwriter, and singer. His stage name is a mash-up of his given names, Oladapo (Dapo) and Oyebanjo. Throughout his distinguished musical career, he has received numerous awards, including Artist of the Year at the MTV Africa Music Awards in 2009, Best African Act at the MTV Europe Music Awards in 2007, and Best International Act: Africa at the BET Awards in 2011.
Oliver Twist, one of his most successful songs, was released in 2012. D’banj, in addition to being a Nigerian success, was the first African musician to be signed to Kanye West’s GOOD Music record label. Away from the music industry, the musician owns a chain of high-end clubs and lounges, as well as a significant stake in Koko Water.
D’banj’s music earnings and numerous business ventures have propelled him to the top of Africa’s richest musicians.
3. Rudeboy – $15 million
- Real name: Paul Okoye
- Age: 40 years (as of 2022)
- Net worth: $15 million
- Source of wealth: Music, investments, and endorsement deals
Paul Okoye, better known as Rudeboy, was a member of the now-defunct duo P-Square, which swept Africa. Since the duo’s breakup in 2017, Paul has released several hit songs, some of which are considered to be among Nigeria’s best tracks in recent years. Paul and Peter, his twin brother, had been together for 15 years.
The wealthy musician enjoys lavish automobiles and is said to own a Range Rover, BMW X6, Jeep Wrangler, and a Mercedes Benz. He also owns a mansion in Atlanta, Georgia, near his brother Peter’s.JAMB Portal
2. Burna Boy – $17 million
- Real name: Damini Ebunoluwa Ogulu
- Age: 30 years (as of 2022)
- Net worth: $17 million
- Source of wealth: Record sales, investments, and endorsement deals
Burna Boy is a Nigerian rapper, singer, and songwriter. He is one of Nigeria’s most accomplished artists, and he was named African Artist of the Year at the VGMAs in 2020. Burna Boy’s album Twice as Tall was nominated for a Grammy Award in the category of African Artiste of the Year in 2020. The musician won Best World Music Album at the 63rd Annual Grammy Awards in 2021.
1. 2Baba/2Face Idibia – $22.2 million
- Real name: Innocent Ujah Idibia
- Age: 46 years (as of 2022)
- Net worth: $22.2 million
- Source of wealth: Record sales, investments, and endorsement deals
2Baba is Nigeria’s richest artist. He is a well-known Nigerian record producer, actor, songwriter, and singer who began his career as a member of the now-defunct Plantashun Boiz group. His breakthrough as a solo artist came in 2006 when he released the well-known song African Queen. The musician has received numerous awards throughout his career and has released over six studio albums.
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