Richest Musicians in Nigeria (Top 15 list)

If there is any debate that can never be settled easily in the midst of music fan, it is the argument about the richest musicians in Nigeria.

And without any iota of doubt, the Nigerian music industry is by far the most popular in Africa and one of the best in the world of entertainment.

This industry has never disappointed in producing high-quality and interesting music that keeps dominating the African and the Western world industry.

Due to its lucrativeness, Nigerian artists live in affluence, and they acquire luxuries that wow their fanatics. They spend their money on cars, jewelry, houses, clothes, etc.

Top 15 richest musicians in Nigeria

This list of the top 15 richest musicians in Nigeria contains the name of the famous artists whose names every household in Nigeria sings.

All of them really deserve the fame and name they already possess. Other than that, these richest Nigerian musicians are also making the African continent proud.

These superstars with big bank accounts include:

1. Wizkid || Net Worth $35 million

Ayodeji Ibrahim Balogun popularly known as Wizkid or Wizzy is an international singer and songwriter with tons of hits songs to his name.

The superstar began his carrier as a musician at the age of 11 and ever since then, he has gone to be the best international artist in Nigeria.

With four albums, tons of hit songs, several awards — including Grammy —, bumper endorsements and deals, international tours, etc., Wizkid is arguably the richest musician in Nigeria.

The Ojuelegba crooner has lots of cars, jewelry, and other assets both in Nigeria and abroad. His net worth is estimated to be $30 million. His songs are uploaded to Spotify and other streaming services.

2. Davido || Net Worth – $28 million

Born David Adedeji Adeleke, Davido is an American-born Nigerian artist and record producer. Although he was born in Atlanta, US, the Fall crooner was raised in Lagos, Nigeria.

Without any prejudice, Davido’s impact in the Nigerian music industry cannot be overemphasized. He made hits upon hits for his fanatics.

In 2021, Davido asked his lovers and followers to send him money for his birthday which he ended up to realized #201 million.

He later went ahead to add additional #50 million and distributed to homeless and orphanage centers across Nigeria.

3. 2Baba || Net Worth – $22 million

Innocent Idibia with the stage name 2face or 2baba is one of the foremost musicians in Nigeria known for doing quality music.

He has won several awards for producing outstanding musicians among them are Headies, MTV Music, BET Awards, etc.

Like any other artists, Tuface enjoys luxury as he has fleet of cars, mansions, gold chains, etc. He has a Ferrari Coupe among other expensive cars.

4. Burna Boy || Net Worth $18

The 2021 Grammy Award winner, Damini Ebunoluwa Ogulu popularly known as Burna Boy, is a Nigerian songwriter, rapper, singer and dancer.

He came into limelight in 2012 after releasing the lead single “Like to Party” from his debut album L.I.F.E. It was such a busy year for Oluwa Burna.

Burna Boy is, without doubt, one of the richest musicians in Nigeria right now has his net worth is estimated to $18 million.

5. Rude Boy || Net Worth – $16 million

Paul Okoye professionally called Rude Boy is one of the P-square band duo. So, there’s no way we talk about him without signalling P-square.

P-square came into limelight in 2003 when himself (Rude Boy) and his twin brother publicly did music together publicly.

Rude Boy is a dancer as well as a recording artist with top songs to his name after the P-square separation in industry.

He is happily married with three beautiful kids. His net worth is estimated to worth $16 million.

6. Mr. P || Net Worth $13.5 million

The other “P” from the famous duo (P-square) is another top Nigerian artist with lots of assets. He is a song writer and performer too.

He has several expensive cars, a mansion, and lots of other luxuries. Mr. P had a deal with Glo, Olympic Milk, and Empire Records.

7. Olamide || Net Worth – $12 million

If there is any better street rapper in the Nigeria music industry that is second to the none, then it has to be Olamide Baddo.

The “Baddo sneh” master understand how to make his fans happy. He gives them good and vibe every now and then and nobody does that better in the industry.

You’ll agree with me that ‘Daddy Miliano’ belongs to the cabal of top musicians that took the Nigerian music industry to the next level.

8. Don Jazzy || $11.7 million

Michael Collins Ajereh with the stage name Don Jazzy was born on the 26th of November, 1982, in Umuahia, Abia State.

He is the founder of the formal Mo’Hits and present Marvin Records. Aside from being a singer and producer, he is also an ambassador for top companies.

9. Timaya || Net Worth – $11.5 million

Inetimi Timaya Odon is popularly known as “Timaya”. He is a Nigerian singer and popular songwriter.

He is the CEO and founder of “Dem mama” Records label. His career as a singer began in 2005 after he released his first single titled “Dem Mama”.

Though not as active as before in the Nigeria music industry now, Timaya still remains one of the richest musicians in Nigeria.

10. Banky W || Net worth $11.2 million

Banky W is another American-born Nigerian musician with an unimaginable impact in the Nigerian entertainment industry.

Olubankole Wellington was born in the United States of America in 1981. He is the one responsible for Wizkid perfect music career. He gave him the opportunity.

Banky W has collaborated with Airtel, Coca-Cola, Uber, Microsoft, TomTom, Samsung, M.T.N., Ciroc Vodka, etc.

Other than a singer and songwriter, Banky is also an actor. He has appeared in several TV series. His net worth is estimated to $11.2 million.

11. Phyno || Net worth $10 million

Phyno is the best Igbo rapper in Nigeria. He started his career as a producer before he discovered his talent as a rapper.

He is a good friend to Olamide and the duo made an album together titled “2 Kings.”

His estimated net worth is $10 million and remains one of the richest in the Nigeria music industry.

12. Tiwa Savage || Net worth $10 million

Next on the list of the richest singers in Nigeria is Tiwa Savage. The iron lady and one of the best female musicians in Nigeria right now.

She was born as Tiwatope Savage-Balogun in 1980, in Ikeja, Lagos Nigeria. When she was 11, her family moved down to England.

Tiwa Savage is the Marvin Queen and she has a lots of hit songs to her name. She has collaborated with Maggi, Forte Oil, Star Radler, M.T.N., etc.

13. M.I. Abaga || Net worth $8 million

Also, M.I. Abaga is a popular Nigerian singer and the leading proponent of Chocolate City record label.

He has an estimated net worth of $8 million.

14. Patoranking || Net worth $6.5 million

One of the most talented Nigerian singers, Patoranking Fire is one of fastest rising Star in the music world.

15. Ice Prince || 5 million

The last on the list of the richest musicians in Nigeria is Ice Prince and he has an estimated net worth of about $5 million.