Top 20 Richest Musicians in Nigeria – Forbes 2019 and Their Net Worth

In this post, we will show you the Top 20 Richest Musicians in Nigeria 2019 And Their Net Worth. Starting from 20 to count down. These guys rock the Nigerian Music industry.

Music, as we all know, has been paying heavily in Nigeria in recent time hence, an average youth in Nigeria, see music as a fast means of earning wealth, as well as, fame.

However, this is obvious, because quite a number of Nigerian artists have risen from just nothing to becoming eminent in music, and are actually enjoying riches and fame that their peers can only imagine.

That out of the way, a question has risen, as to who is the richest musician among the several Nigerian artists, and what is their net worth in terms of naira perhaps, in US dollars and assets?

Having said that, one cannot actually say he has conclusively arrived at the list of who and who are the richest musicians in Nigeria, nevertheless, I can confidently mention here that, my finding is quite pretty close to identifying who and who are richest music artists in Nigeria.

Discover: 5 Tips to Succeed in the Nigerian Music Industry

Nigerian artists on my list are musicians, who are signing endorsement deal almost on a daily basis and are known by their strong brands.

Nonetheless, most of the Nigerian artists never make public their exact worths in this regard hence, make it little difficult to compile correctly.

However, for those of us who wish to have an idea of the Nigerian top 10 richest musicians, then the top 20 I will give in this article, will give us the cue.

Top 20 Richest Nigerian Musicians In 2019

Top 20 Richest Musician in Nigeria - Forbes 2019 and Their Net Worth
Richest Musicians in Nigeria – Photo Source: https://schoolings.org

The top 20 richest musicians in Nigeria in this year, as updated January 2019 are listed in this article as follows:

20. Duncan Mighty – $ 1.8m

Duncan Mighty hails from the Niger Delta. Going by his unique beats, and superior voice quality, as well as, his dance step to match, has been considered one of the successful Nigerian musicians, who hails from the Niger Delta. Some of his popular songs include the “Obianuju” and the “Port Harcourt Boy”.

With his strong affiliation to the politicians, who hails from the region,  Duncan mighty has been estimated to worth over $1.8 US million dollars.

19. M.I Abaga – $ 2.0m

I Abaga is one of the most successful rap artists in Nigeria. He has actually built a reputation, considered hard to be broken by anyone in the nearest future. M.I Abaga, who is among the key stakeholders in Chocolate City Records, is also credited with his rise to fame in Ice Prince Zamani.

However, going by the reason of the record label and the stars who actually came through it, MI Abaga current net worth falls around $4.94 million dollars.

Read Also: How to Start Your Music Career in Nigeria

18. Kiss Daniel – $ 3.0m

Kiss Daniel’s unique albums have placed him among the successful musicians in the country, with a skyrocketed reputation. He has created wealth that put his net worth at $ 3.0m US dollars.

17. Chidinma Ekile – $ 4.0m

One thing that is going for Chidinma Ekile is that she is loved by many. This, in fact, has skyrocketed her to an enviable position and reputation.

From just merely contesting in the MTN Project Fame, she has become a household name among the Nigerian artists. She has actually created wealth, whose peers are only dreaming of, which is enough to earn her a position among the richest musicians in Nigeria.

Chidinma’s biggest video to date is ‘Kedike’ including 1.2 million YouTube hit.  However, her net worth is put at $ 4.0 US million dollars.

16. KCee – $ 5.0m

KCee is making serious wave currently in the Nigerian music sphere, and he was formerly a member of the KCPresh, and among the most fortunate artist in the Nigerian music industry.

KCee has actually picked the right beat at the right moment, and indeed, the rest is history. His net worth is put at $ 5.0m US dollars

15. Yemi Alade – $ 6.0m

Yemi Alade is currently among the richest female musicians in Nigeria, and one of her biggest hits is the ‘Johnny’. Nevertheless, her current net worth is put at $ 6.0m US dollars.

Read Also: How To Become A Music Artiste In Nigeria

14. Jidenna – $ 7.0m

The Jidenna is making a name in the music and entertainment industry in Nigeria and it is not surprising that Jidenna is among the top 20 richest musicians with a net worth of $ 7. 0m US dollars.

13. Techno – $ 8.0m

Tekno is one of the successful musicians in Nigeria, and everyone wants to be associated with him. His net worth is put at $ 8.0m US dollars.

12. Banky W – $ 8.5m

Banky has made a name in music in Nigeria, with the 2 best music videos ever done to his credit, the Lagos Party and the Wizkid’s Holla at your Boy. His net worth is about $ 8.5. US dollars.

11. Tiwa Savage – $ 9.0m

She is known as the queen of music in Nigeria. Tiwa Savage’s average video is grossing over 1 million on YouTube. Her net worth is put at $ 9.0m US dollars.

10. Flavour – $ 9.5m

Most of the artists in the industry have featured Flavour because of his vocal ability. He is among the very best, as net worth is put at $ 9.5m US dollars.

Read Also: How To Produce Music In Nigeria

9. Psquare – $ 10m

Psquare actually belonged to the most successful and the most renowned and celebrated musicians in Nigeria, his net worth is put at $ 10.0m US dollars.

8. Timaya – $ 10.5m

He has a vocal power that is unmatched in the industry, and he is one of the best, the “Egberi Papa 1 of Bayelsa” with a net worth put at $ 10.5m US dollars.

7. Phyno – $ 11.0m

Phyno is one of the known hardcore rappers in Africa, with a net worth of $ 11.0m US dollars

6. Olamide – $ 13m

Olamide remained one of the craziest rapper known in Nigeria, as well as, in Africa. So crazy he called himself Badoo. His net worth is over $ 12.0m US dollars.

5. Tu Face – $ 16.0m

He remained one musician respect by all in the industry, a  present-day legend in African pop culture. His net worth is about $ 16.0m US dollars.

4. D’Banj – $ 17.0m

He grows from the streets of the United Kingdom to MoHit, as well as, the biggest superstar Nigeria has produced. D’Banj net worth is put at $ 17.0m US dollars.

Read Also: How To Become A Music Instrumentalist In Nigeria

3. Don Jazzy – 18.5m

Don Jazzy is reputed to be one of the most successful musicians in Nigeria and has made a tremendous impact in the industry, with the net worth that runs into $ 18.5m US dollars.

2. Davido – $ 19.0m

Davido is one talented musician in the country with vocal talent, a singer and a song maker extraordinaire. He worth over $ 19.0m US dollars.

1. Wizkid – $ 20.0m

Here comes the richest musician among the top 20 richest musicians in Nigeria, he is a superstar, and his name is Wizkid. His net worth is over $ 20.0m US dollars.

Exposed: How Do Musicians Make Money In Nigeria?


From the reliable sources, the above are the Forbes top 20 richest musicians in Nigeria, according to their ranking in 2019.

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