The Nigerian music industry has come a long way since the days of Fela Kuti.
Today, it is a multi-billion dollar industry, with a wide range of genres, from afrobeat to hip-hop, highlife, and gospel music.
From Fela Kuti to Davido, Nigerian musicians have taken the world by storm, winning awards and breaking records.
Nigerian musicians earn a significant portion of their income from album sales and live performances.
Many popular Nigerian musicians are brand ambassadors for various companies, earning millions of dollars in endorsements.
Rank | Artist | Net worth |
---|---|---|
1. | Don Jazzy | $52 million |
2. | PSquare | $37.26 million |
3. | Davido | $27.6 million |
4. | Wizkid | $26 million |
5. | Burna Boy | $16 million |
6. | 2Baba | $10.2 million |
7. | Olamide | $10 million |
8. | Timaya | $9.8 million |
9. | Phyno | $6.7 million |
10. | Yemi Alade | $5 million |
Richest Musicians in Nigeria
Wizkid
Wizkid, whose real name is Ayodeji Ibrahim Balogun, is one of the most popular musicians in Nigeria. He is known for his unique style of music, which blends afrobeat, reggae, and hip-hop. Wizkid has won several awards, including the BET Award for Best International Act in 2012 and 2017. He has also collaborated with several international musicians, including Drake, Beyonce, and Skepta. Wizkid’s net worth is estimated to be around $30 million.
Davido
Davido, whose real name is David Adedeji Adeleke, is another popular Nigerian musician. He is known for his hit songs such as “Fall,” “If,” and “Fia.” Davido has won several awards, including the BET Award for Best International Act in 2018. He has also collaborated with several international musicians, including Chris Brown, Nicki Minaj, and Lil Baby. Davido’s net worth is estimated to be around $25 million.
Don Jazzy
Don Jazzy, whose real name is Michael Collins Ajereh, is a Nigerian record producer and musician. He is the founder and CEO of Mavin Records, one of the biggest record labels in Nigeria. Don Jazzy has produced hit songs for several Nigerian musicians, including D’banj, Tiwa Savage, and Wande Coal. He has also won several awards, including the Producer of the Year award at the Nigerian Music Awards. Don Jazzy’s net worth is estimated to be around $18.5 million.
Burna Boy
Burna Boy, whose real name is Damini Ebunoluwa Ogulu, is a Nigerian musician and songwriter. He is known for his unique style of music, which blends afrobeat, reggae, and dancehall. Burna Boy has won several awards, including the Grammy Award for Best Global Music Album in 2021. He has also collaborated with several international musicians, including Stormzy, Ed Sheeran, and Justin Bieber. Burna Boy’s net worth is estimated to be around $17 million.
2Baba
2Baba, whose real name is Innocent Ujah Idibia, is a Nigerian musician and songwriter. He is known for his hit songs such as “African Queen,” “Implication,” and “Only Me.” 2Baba has won several awards, including the MTV Africa Music Award for Best Male in 2010. He has also collaborated with several international musicians, including Mary J. Blige and R. Kelly. 2Baba’s net worth is estimated to be around $16 million.
D’banj
D’banj, whose real name is Oladapo Daniel Oyebanjo, is a Nigerian musician, songwriter, and entrepreneur. He is known for his hit songs such as “Oliver Twist,” “Fall in Love,” and “Suddenly.” D’banj has won several awards, including the MTV Europe Music Award for Best African Act in 2007. He has also collaborated with several international musicians, including Snoop Dogg, Kanye West, and Akon. D’banj’s net worth is estimated to be around $11 million.
Peter and Paul Okoye (PSquare)
Peter and Paul Okoye, popularly known as PSquare, are Nigerian musicians and identical twins. They are known for their hit songs such as “No One Like You,” “Chop My Money,” and “Personally.” PSquare has won several awards, including the Channel O Music Video Award for Most Gifted Group in 2011. They have also collaborated with several international musicians, including Rick Ross and Akon. PSquare’s net worth is estimated to be around $10 million.
Timaya
Timaya, whose real name is Inetimi Alfred Odon, is a Nigerian musician and songwriter. He is known for his hit songs such as “Ukwu,” “Sanko,” and “Bam Bam.” Timaya has won several awards, including the Nigerian Music Award for Best Reggae/Dancehall Album in 2014. He has also collaborated with several international musicians, including Sean Paul and Machel Mont
Yemi Alade
Yemi Alade is a Nigerian musician and songwriter. She is known for her hit songs such as “Johnny,” “Tangerine,” and “Oh My Gosh.” Yemi Alade has won several awards, including the MTV Africa Music Award for Best Female in 2015 and 2016. She has also collaborated with several international musicians, including Rick Ross, BeyoncĂ©, and Angelique Kidjo. Yemi Alade’s net worth is estimated to be around $4.5 million.
Phyno
Phyno, whose real name is Chibuzor Nelson Azubuike, is a Nigerian musician and record producer. He is known for his hit songs such as “Fada Fada,” “Connect,” and “Ride For You.” Phyno has won several awards, including the Headies Award for Best Rap Album in 2014 and 2016. He has also collaborated with several international musicians, including Wale and Kranium. Phyno’s net worth is estimated to be around $4.2 million.
Flavour
Flavour, whose real name is Chinedu Okoli, is a Nigerian musician, songwriter, and multi-instrumentalist. He is known for his hit songs such as “Nwa Baby,” “Ada Ada,” and “Obianuju.” Flavour has won several awards, including the Nigerian Music Award for Best Collabo in 2012. He has also collaborated with several international musicians, including Fally Ipupa and Diamond Platnumz. Flavour’s net worth is estimated to be around $4 million.
Wizkid
Wizkid, whose real name is Ayodeji Ibrahim Balogun, is a Nigerian musician and songwriter. He is known for his hit songs such as “Ojuelegba,” “Fever,” and “Joro.” Wizkid has won several awards, including the BET Award for Best International Act in 2012 and 2017. He has also collaborated with several international musicians, including Drake, BeyoncĂ©, and Skepta. Wizkid’s net worth is estimated to be around $3.5 million.
Conclusion
Nigeria’s music industry is one of the fastest growing in the world, and it has produced several talented musicians who have achieved international fame and success.
The top 10 richest musicians in Nigeria have all worked hard to attain their current levels of success and wealth, and they continue to inspire aspiring musicians in Nigeria and beyond.