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Top 10 richest musicians in Nigeria and their net worth in 2020(Update)

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A lot of Nigerians are interested to know how their favourite artiste is doing and that leads to question like “who is the richest musicians in Nigeria?”. well we bring you the answers to your question and make you know where your favorite musician ranks and who is among the top 10 richest musicians in Nigeria

Taken into account their endorsement deals, business(es) and music deal, Nigerian Infopedia via forbes, presented a long list with the net worth of the most popular musicians in the country.

Which musicians make up this list of the richest musicians in Nigeria? let’s go…

10. Flavour – $9.5 million

Chinedu Okoli, popularly known as Flavour, is a Nigerian singer who began as a church drummer. In 2014, his song, Ada Ada was nominated for the Best Music Video award at the year’s MTV Africa Music Awards. Some of his most popular albums include Thankful, Uplifted, and Blessed. His current net worth stands at $9.5 million.

9. Peter Okoye and Paul Okoye – $10 million each

Paul and Peter Okoye were born on November 18th, 1981 in Jos, Plateau State. The brothers created the extremely popular band P-Square which was one of the most famous duos in Nigerian music until they decided to go separate ways.

Paul Okoye now has a solo career (just like his brother) and is known under the stage name Rudeboy. Peter is building a career on his own too and has a lot of lucrative deals with KIA Motors and Olympic Milk

Peter Okoye, popularly called Mr. P, on the other hand, is the CEO and owner of Zoom Lifestyle Lottery and owns a mansion in Atlanta, Georgia, beside his twin brother.

The brothers earned crazy amounts of money when they performed together. It was estimated that they used to get $150,000 per concert in Africa and had a luxurious life.

Among their possessions were a big house and a private jet. Today, they both appeared on the ninth position of the rating, and they worth around $10 million each

8. Timaya – $10.5 million

This popular celebrity’s real name is Enitimi Alfred Odom, and he was born in Port Harcourt, Rivers State, on August 15th, 1980. He started his singing and songwriting career when he founded the music group Dem Mama Soldiers.

In 2005, he began his solo career and released his debut album called True Story. It was followed by the next album Gift and Grace in 2008. After the release of his third studio album titled De Rebirth, Timaya rose to international recognition and prominence.

Today, Timaya has a total of six albums and a lot of singles. He is often called the Dancehall King of Nigeria because he is the most popular artist in this genre.

7. Phyno – $11 million

The musician’s stage name, Phyno, means phenomenal. The singer is indeed a phenomenal personality because he has many talents and desires.

Phyno wanted to be a pilot, doctor, he played drums and piano, and at the same time could create his rendition of every recording he heard. Fortunately, he had chosen to become a musician, and it was the right choice that brought him $11 million and made Phyno one of the world’s household names in music.

The singer started his career in 2003 and even moved to Lagos for his career. He has also acted as a producer for such well-known stars as Flavour, Timaya, Mr. Raw, and several others.

6. Olamide – $8 Million

Olamide Adedeji (born 15 March 1989) who is popularly known as ‘Olamide’ or ‘Badoo’ is an indigenous Nigerian rapper, singer, songwriter, and label owner of YBNL record label.

Olamide started out as a musician shortly after the indigenous rapper, Da Grin passed on in a fatal accident while returning from a club.

His career blossomed in 2010 when he released his single Eni Duro and in 2011 his album Rapsodi. The successful album was followed by the second album YBNL, which featured a few hit singles that made Olamide popular in no time.

Olamide has been one of the richest Nigerian rappers a while now and has remained consistent ever since he set up in his musical sojourn.

He owns YBNL and has churned out amazing talents over the years including, Lil Kesh, Adekunle Gold, Chinko Ekun, etc. Besides being a songwriter and a musician, Olamide is regarded as one of the best rappers in Nigeria

Olamide is one of Nigeria’s most accomplished musicians in Nigeria with an estimated net worth of $12 million. He is a brand ambassador to top brands in Nigeria, one of Nigeria’s most bankable musicians, and also Olamide is also the first Nigerian celebrity to sign an endorsement deal with Ciroc.

5. 2Baba (2Face) – $16 million

Ujah Idibia, who is better known under his stage names 2Face and 2Baba, takes the fifth position on the list of the most successful and richest musicians in Nigeria.

This talented man was born on September 18th, 1975, in Jos. The singer’s career started from zero: he performed at schools, and then at universities. Moreover, he had to interrupt his own education to concentrate on his career.

He worked hard, and currently, is one of the best-known Afropop musicians. Since 2004, when his debut album Face 2 Face saw the world, he has released six albums.

The legendary has multimillion endorsements in his belt with several top multinational brands. Some of these brands include Globacom, Campari. Guinness, etc.

His musical compositions have brought him a number of awards like a BET Award, an MTV Europe Music Award, the Headies Award, and a net worth estimated at $16 million today.

4. Burna Boy – $17 million

Damini Ogulu, commonly known as Burna Boy, is a popular Nigerian singer and songwriter. His 2012 track, Like to Party, propelled him to fame. In 2017, the singer signed with Bad Habit/Atlantic Records in the United States and Warner Music Group internationally.

He has won many awards and has earned himself many international recognitions having songs with top artists like Sam Smith, Future, Jidenna, Wale, Ed Sheeran, etc. He was also nominated for ‘Best World Music Album’ at the 62nd Annual Grammy Awards.

The singer’s net worth is currently estimated at $17 million. His income comes from the sale of music, endorsement deals, and other investments.

3. Don Jazzy – $18.5 million

Famous Nigerian producer and singer Don Jazzy became rich and famous due to his musical talent, persistence, and ability to interact with people.

His real name is Michael Collins Ajereh, and he was born on November 26th, 1982 in Umuahia, Abia State.

Don Jazzy is the founder of the label Mo’Hits Records. It was founded due to the collaboration with D’Banj.

Don Jazzy and D’Banj stopped working together in 2012, and Don Jazzy did not waste time. He shortly announced that he created a new label called Mavin Records.

The musician began his collaboration with such stars as Dr SID, Tiwa Savage, Wande Coal, Reekado Banks, Korede Bellao, Di’Ja, and many others.

Aside from singing and producing, he also has profitable contracts with such companies as MTN and Loya Milk.

Don Jazzy net worth is estimated at $18.5 Million today, and he possesses property in the Banana Island and several cars like a Porsche Carrera and Bentley.

2. Davido – $19 Million

Davido is the second-richest musician in Nigeria.

Davido’s songs gather a crazy number of views on YouTube, and he has a lot of endorsement deals with companies such as AXE and Infinix Mobility.

Davido was born on November 21st, 1992 in Atlanta, the United States, but his family is Nigerian. This extremely popular young singer and entertainer has managed to earn impressive $19 Million.

After the release of his debut record Omo Baba Olowo which featured some hit singles, Davido gained prominence in Nigeria and Africa. Since then, he has released countless singles which have brought him popularity, money and international recognition.

He owns several houses (one of them is located in the USA), and several cars like a Porsche, Range Rover Sport and Chevrolet Camaro.

1. Wizkid – $20 Million

Ayodeji Ibrahim Balogun, better known as Wizkid, used to be a simple boy who adored singing and had enough talent and passion for music recording. He was born in Surulere in Lagos State, on July 16th, 1990.

He released a collaboration album at the age of 11 with the group Glorious Five, which was formed by him and his friends in a church. He is also known as StarBoy and Lil Prinz.

He gained popularity with the release of Holla at Your Boy, the song from his debut album Superstar in 2010.

Later, he has released three mega-successful albums, as well as one compilation album, and even recorded a hit song One Dance with famous music performer Drake. This song appeared in Guinness World Records. Therefore, Wizkid became the first Afrobeat musician whose name was included in this book.

He also has a lot of endorsement deals with such companies as Glo and Pepsi. Wizkid has managed to earn his impressive $20 Million and has two houses in Nigeria and the US along with a Porsche Panamera, Mercedez Benz, and BMW X6.

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