The Nigerian music market is one of the world’s fastest-growing markets, and over the years it has produced outstanding artists. Here are the top 10 of Nigeria’s richest artists.
Nigerian musicians and top artists rate among Africa and the world’s richest musicians/artists, with many of them winning many international awards and performing in many nations.
Many Nigerian musicians have been catapulted by music from a life of nothing to everything, from grass to grace. Owing to their advancement in the music industry, all of those who had none are now leading comfortable lives.
From their beginnings, Timaya, Wizkid, 2face, P-Square, and many others were bad, but today, they have achieved worldwide fame due to their impressive careers in the music industry.
Here is the top 10 list of the richest musicians and artists from Nigeria who are currently making headlines in the music industry.
1. Wizkid – Net worth – $55 million
Wizkid is Africa’s number 1 wealthiest artist. It is reported that Wizkid’s net worth is 55 million US dollars.
Wizkid has won several sponsorship deals with MTN Nigeria and GLO in addition to singing ( which paid him N120 million to become its ambassador).
When he secured multi-million deals with Pepsi and Guinness that brought him more cash on the table, Wizkid also increased his net worth.
2. Davido – Net worth – $38 million
The second richest singer in Africa is David Adeleke, popularly known as Davido. It is estimated that Davido’s net worth is 38 million US dollars.
3. Don Jazzy – Net worth – $26 million
The third wealthiest Nigerian singer is Collins Michael Ajereh, known on the music scene as Don Jazzy. Don Jazzy is from Abia, and was born on November 26, 1982.
It is estimated that the net worth of Don Jazzy is $26 million US dollars.
4. Burna Boy – Net worth – $22 million
Burna Boy is a Nigerian musician, songwriter, rapper, and dancer whose real name is Damini Ebunoluwa Ogulu. Burnaboy is an indigenous person from Mbiama in Rivers State’s Ahoda West LGA.
Burna Boy is the fourth richest Nigerian musician and artist and the net worth of Burna Boy is estimated at $22million.
5. 2Baba (2Face) – Net Worth – $17 million
The real name of this music star born in Jos is Innocent Ujah Idibia, born on September 18th. Even though he was born in Jos, he is ancestral to the state of Benue.
2Face, with a net worth of $17 million, is the 5th wealthiest artist in Nigeria.
6. Olamide – Net Worth – $14 million
On March 15th, 1989, in Bariga, Lagos State, Olamide Adedeji, who kept his first name Olamide on stage but is also nicknamed Baddo because of the quality of his street music, was born.
Are you curious about the net worth of Olamide? The net worth of Olamide is believed to be $14 million – making him Nigeria’s sixth richest artist.
7. Phyno – Net Worth – $11 million
Chibuzo Nelson Azubuike, aka Phyno, the music star, was born on October 9, 1986.
His stage name Phyno was originally coined from the word “Phenomenal,” highlighting his own taste and music brand.
The net worth of Phyno is reported to be $11 million – making him Nigeria’s seventh richest artist.
8. Timaya – Net Worth – $10 million
“The plantain boy” was born on August 15, 1980, as Timaya still calls himself.
His full name is Alfred Odom, Initime. He started the ‘Dem Mama Soldiers’ music group, which he used to begin his musical career.
It is estimated that Timaya’s net worth is $10 million – making him the 8th richest musician in Nigeria.
9. Peter Okoye and Paul Okoye – Net Worth – $8 million – each
From standing together to form the P-Square identity, Peter and Paul Okoye, the twin music singers, became stars.
They were born in November 1981; they successfully established their music career in Jos, Plateau Province, before they parted paths due to misunderstanding.
10. Flavour – Net Worth – $7 million
Chinedu Okoli, popularly known as Flavour, was born in the state of Enugu on 23 November 1983. In Umunze, Anambra province, he is from Orumba South Local Government District.
The net worth of Flavour is valued at $12 million – making him Nigeria’s 10th richest singer.