List of the 10 Richest Nigerian Musicians 2024; Their Net Worth

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It is no new that Nigerian musicians make a lot of money. The entertainment industry in general is the new oil well as there is enough space for everyone. Lets discover the top 30 richest Nigerian musicians.

Nigerian Musicians

Richest Musicians in Nigeria 2024 and Their Net Worth

All we did was check their individual net worth, calculated the amassed wealth, and show performance charges, endorsements, and probable investments by each of these artists.

Take your time and read through.

Below is the list of the top 30 richest Nigerian musicians for the year.

1. Davido: Net Worth $45 million

David Adedeji Adeleke is better known by his stage name, Davido, and is the first Nigerian musician to have a song featured in a FIFA World Cup single. born on November 21st, 1992. He is a record producer and singer-songwriter of Nigerian descent.

For his various songs and studio albums, he has won and been nominated for several awards. He is well renowned for his wealth and connections to wealthy relatives.

Davido is regarded as a leading hip-hop artist with deals and recognition on the local and global levels. He is one of the Richest Musicians in Nigeria.

2. Wizkid: Net Worth $38 million

Wizkid, whose real name is Ayodeji Ibrahim Balogun, was born on July 16, 1990. He is well-known for being a singer and composer who started his career at a very young age.

He became well-known after agreeing to a contract with Empire Mates Entertainment (E.M.E), a label run by the musician Banky W.

Prior to departing the label at the end of his contract, he sang songs like Hola At Your Boy and many others. He has also collaborated with artists like Drake and others and received international acclaim.

With a Grammy Award under his belt, he is one of the top artists in Nigeria and all of Africa. He is also regarded as one of the wealthiest musicians in Nigeria and elsewhere.

3. Don Jazzy: Net Worth $35 million

Don Jazzy, whose real name is Michael Collins Ajereh, was born in November 1982. He is a record producer and vocalist from Nigeria. He is the CEO of Marvin Records, a reputable record label home to several well-known musicians.

Along with D’Banj, he also started Mo Hits. One of the biggest music producers in Nigeria, Don Jazzy has signed artists like Wizkid, Tiwa Savage, and others at various points.

Given his greater involvement in music production, Don Jazzy continues to be among the wealthiest musicians in Nigeria.

4. Burna Boy: Net Worth $17 million

On July 2, 1991, Damini Ebunoluwa Ogulu was born. He is a singer, rapper, and music producer from Nigeria who is renowned for his distinctive blend of Afro, raggae, and pop music.

His stage name, BURNA BOY, is how most people know him. He gained notoriety following the release of his single, “Like To Party,” which was named one of the biggest hits of 2012.

In the United States of America, he had contracts with record companies like Warner Music Group and Bad Habit/Atlantic Records. He became the first Nigerian to win the Best World Music Album Grammy at the 63rd Annual Grammy Awards in 2021.

Burna Boy is one of the richest musicians in Nigeria with over six albums, several songs, endorsements, and record deals to his name.

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5. D’banj: Net Worth $13.5 million

Oladapo Daniel Oyebanjo, a rock star, goes by the moniker D’Banj. D’Banj, the creator of Mo’ Hits Record and a Nigerian musician and rapper, was born on June 9th, 1980. He was well-known for his hit tracks and had a highly successful musical career.

He has also received a number of honors, one of which was the Best African Act accolade given at the 2007 MTV Europe Music Awards. The musician produced popular songs while working with record labels like GOOD Music, RCA, Sony Music Entertainment, and others.

He is regarded as one of the most popular and successful vocalists in the world. He is one of the richest musicians in Nigeria and has written many popular songs.

6. 2Face Idibia: Net Worth $13 million

One of the most well-known and accomplished musicians in Nigeria is Innocent Ujah Idibia, better known by his stage name 2baba. He was born on September 18, 1975.

2face is well-known for music production, philanthropy, advocacy, and entrepreneurship in addition to songwriting and singing. among the rare vocalists with great lyrics.

He is one of the most well-known singers in Nigeria and worldwide, and he has released numerous studio albums.

Idibia rose to fame in the music industry with numerous signings and record deals following the release of his breakthrough single, “African Queen,” in the early 2000s.

He once served as an ambassador for NAFFAC, Guinness beer, Airtel communication network, and many other organizations. He has also received various honors, including the 2005 MTV EMA Best African Act Award, which he was the inaugural recipient of.

7. Olamide: Net Worth $10.5 million

Olamide, whose real name is Olamide Gbenga Adedeji, was born on March 15th, 1989. He is a rapper, singer, and music producer from Nigeria.

The Nigerian hip-hop and rap artist flawlessly conveys his musical prowess in both yoruba and English. He is a seasoned singer who is well-known both domestically and abroad.

2011 saw the release of his Rapsodi, the title of his debut studio album, on the Coded Tunes Record Label. With numerous songs, accolades, and nominations to his name, he advanced in his profession.

The smash album YBNL Nation, also known as Yahoo boy no Laptop, is one of his best-known songs.

Voice of the Street, Stupid Love, and more songs were included in the CD. He was the first Nigerian to sign an endorsement contract with Cîroc with his endorsement deal in 2013. He is one of Nigeria’s wealthiest musicians.

8: Mr. Flavour: Net Worth $10.2 million

Chinedu Okoli, better known by his stage name Flavour, is an Enugu musician and songwriter. While he represents Enugu, he is from Umunze in Anambra State. His birthday is November 23, 1983.

Famed Nigerian musician Flavour is signed to the 2 Nite Music Group record label. Gospel-hip hop and Igbo highlife are his musical styles.

Flavour’s distinctive musical style has given him what appears to be enduring supremacy and importance in the Nigerian music scene.

Because he sings for the street and for everyone, his songs are self-promotional. The playlist for an Igbo traditional wedding must include all of Flavour’s songs.

He has a distinctive and widely regarded musical taste. Flavour began playing the game after performing as a drummer, pianist, and singer in his local church.

The well-known musician has produced a number of noisy records. The fact that every song on Flavor’s album is a commercial success is astonishing. The maestro of albums is the Ijele of Africa.

9. Phyno: Net Worth $10 million

On October 9th, 1986, Chibuzor Nelson Azubuike, better known by his stage name Phyno, was born. Nigerian rapper, songwriter, singer, and record producer Phyno has recently been in the news for all the right reasons.

In 2003, the pop rapper began his career in music as a producer. He is a well-known rapper who excels at using the Igbo language while rhyming.

He released his first studio album, No Guts No Glory, in 2014. Hit songs including Parcel, O Set, Ghost Mode, and Man of the Year were included on the CD.

He has become well-known as one of the wealthiest musicians in Nigeria because to his numerous collaborations and hit songs with well-known music performers like Mr Raw, M I Ibaga, Timaya, and many others.

10. P-Square: Net Worth $10 Million

P-Square is still considered one of Nigeria’s wealthiest musicians. Peter and Paul Okoye are twin brothers who performed together as singers and dancers.

Their records were recorded and distributed by Square Records, which was run by their elder brother, Jude Engees.

However, P-Square is believed to demand a staggering 8 million naira for each event. They made a lot of money and won a lot of honors.

They have additional investments that are not made public, aside from dancing and singing during shows.

With renowned musicians listed among the wealthiest musicians in Africa, Nigeria’s music industry has been on a worldwide streaming binge and is one of the fastest-growing industries in the country overall.

Some of Africa’s richest and most cherished musicians and artists are products of this industry.