Top 11 Richest Musicians in Nigeria 2024

Who are the richest musicians in Nigeria?, Nigeria richest musician? Since the emergence of afrobeat, talented musicians have risen to fame and have gone far and wide. Davido who is the richest musician in Nigeria was born into a wealthy family but he built his own fame from scratch through consistent effort. The others also worked hard to become rich and famous. so, Who are the other 10 richest musicians in Nigeria? 

This article shows 11 richest musicians in Nigeria, featuring their early music careers, songs, assets, nomination and awards, and so on. 

List of 11 Richest Musicians In Nigeria  – Nigeria richest musician

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1. Davido – $69 million dollars + (the richest musician in nigeria) 

David Adeleke, popularly known as Davido or 30BG is the richest musician in Nigeria as of 2022.

David was born into a wealthy family of the Adeleke but he built his own fame from scratch. He was born on November 21, 1992. in Atlanta, Georgia, USA.

• Full name: David Adedeji Adeleke
• Born: 21 November 1992, Atlanta, Georgia, United States
• Age:  29years as of July 2022
• Occupation: Singer, songwriter, and record producer
• Children: Hailey Veronica Adeleke, David Adedeji Adeleke Jr., and Aurora Imade Adeleke 

His genres of music include afrobeat, afro-pop music, pop, and electropop. Davido is multi-talented. He is a singer, songwriter, and record producer.

David has made over 4 albums with 32+ songs and has won various awards. He is one of the best-selling music artists in Nigeria, Africa, and worldwide.

Davido won the Next Rated award in 2012 at the Headies after releasing “Dami Duro”, the second single from his debut studio album Omo Baba Olowo(2012). Between 2013 and 2015, he released a number of hit singles, and in January 2016, he signed a record deal with Sony Music.

He then founded the record label Davido Music Worldwide (DMW), to which acts Dremo, Mayorkun, Peruzzi, and Liya have been signed. In July 2016, Davido signed a record deal with Sony’s RCA Records.

Davido released, his second studio album A Good Time in November 2019, supported by singles including “Blow My Mind” featuring popular American singer Chris Brown. Davido was cited as one of the Top 100 most influential Africans by New African magazine in 2019. He released his third studio album A Better Time, on Friday, November 13, 2020.

As of the time of writing this article, Davido has 3.04 million subscribers on youtube and 24.6 million followers on Instagram. 

Davido’s Net Worth

As of July 2022, Davido’s net worth ia around $69 million dollars, making him the richest musician in Nigeria.

Davido’s House and Car Collection:

Davido has a mansion in Georgia, USA, and two houses in Lagos, Nigeria (one in Banana Island worth N800 million and the other in Lekki). Davido also owns a Bombardier Global 6000 private jet.

His car collections include: 

• Rolls-Royce Cullinan 2019 (N350 million)
• Lamborghini Aventador S Roadster (N285 million)
• Bentley Bentayga (N108 million)
• Range Rover SV Autobiography (N98 million)
• Bentley Continental GT (N95 million)
• Range Rover Sports (N84 million to N90 million)
• Mercedes AMG GLS63 (N45 million)
• Toyota Landcruiser (N30 million)
• Audi R8 (N23.4 million)
• Porsche Panamera Turbo S (N22.8 million)
• Mercedes G-Wagon (N21 million)
• Audi Q7 (N12 million)
• Chevrolet Camaro GS (N9.4 million) 

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2. Wizkid – $65 million dollars +

Ayodeji Ibrahim Balogun (born 16 July 1990), known professionally as Wizkid, is a Nigerian singer and songwriter. He began recording music at the age of 11 and released a collaborative album with the Glorious Five (5), a group he and a couple of his church friends formed.

• Full name: Ayodeji Ibrahim Balogun
• Born: 16 July 1990, Surulere, Ikeja, Nigeria
• Age: 31years as of July 2022
• Occupation: Singer, songwriter, and record producer
• Children: Zion Ayo-Balogun, Boluwatife Balogun, and Ayodeji Ibrahim Balogun, Jr.

Wizkid later signed a record deal with Banky W’s Empire Mates Entertainment (E.M.E). He later rose to the limelight after releasing “Holla at Your Boy”, the lead single from his debut studio album, Superstar (2011), which also spawned the singles “Tease Me/Bad Guys” and “Don’t Dull”.

In 2018, he was featured on the song “Checklist” by Normani and Calvin Harris, which reached number one on the Billboard World Digital Song Sales chart. The following year, he was featured on Beyoncé’s project The Lion King: The Gift on the single “Brown Skin Girl”, which also reached number-one on the World Digital Song Sales chart, and won him a Grammy Award for Best Music Video.

His song with Drake, One Dance, appeared in Guinness World Records, and he was the first African artist to have over a million followers on Twitter. in 2020, he became the first Nigerian artist to win a Grammy.

As of July 2022, he has over 2.45 million subscribers on youtube and 14.9 million followers on Instagram. 

Wizkid’s Net Worth

Wizkid established the Star Boy Entertainment label in May 2013 and today, his net worth is estimated to be around $65 Million, making him the second richest musician in Nigeria. 

Wizkid House and Cars collection:

He has a mansion in Los Angeles and an N3 million home in Surulere, Lagos. His car collection includes;

• Lamborghini Urus (₦80 Million)
• Porshce Panamera (₦60 Million)
• Mercedes Benz G63 AMG (₦58 Million)
• BMW X6 Crossover (₦9 Million)

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3. Don Jazzy – $66 million dollars +

Michael Collins Ajereh known professionally as Don Jazzy, is a Nigerian record producer. He is the founder and the CEO of Mavin Records. Don Jazzy was co-owner of the defunct Mo’ Hits Records record label with Dbanj. Don Jazzy’s Mavins record label has over 1.69 million subscribers on youtube as of May 2022 and 13.8 million followers on Instagram.

• Full name: Michael Collins Ajereh
• Born: 26 November 1982, Umuahia, Nigeria
• Age: 39 years, as of July 2022
• Occupation: Singer, producer, entrepreneur, and comedian

His genres of music include afrobeats and Afropop.

In 2004, Don Jazzy collaborated with D’Banj to form Mo’ Hits Records. In the next two years, Don Jazzy produced the albums No Long Thing and Rundown/Funk You Up. In 2008, Don Jazzy was credited in the production of The Entertainer by D’Banj. He also contributed to the production of Wande Coal’s Mushin 2 MoHits, an album that was described as one of the best albums to ever come out of Nigeria.

On 7 May 2012, Don Jazzy announced a new record label, Mavin Records. He said, “I see Mavin Records being the power house of Music in Africa in the shortest possible time.” On 8 May 2012, he released an album featuring the artists signed to his label. 

The likes of Wande Coal, Dbanj, Tiwa Savage, Johnny Drille, Korede Bello, Ricardo Banks, all rose t fame from his record label 

Don Jazzy as a well-recognized producer has also composed beats for Kanye West’s album, in which Jay Z and his wife Beyoncé featured.

Don Jazzy’s Net Worth

As of  July 2022, Don Jazzy’s net worth is estimated to be around $66 million, as of 2022.

Don Jazzy House and Car Collection:

He owns a mansion in Los Angeles, Lekki, Banana Island, Lagos, Nigeria.

The Nigerian superstar also drives these expensive vehicles:

• Bentley Continental flying spur (N25 million)
• Lexus LX570 (N36 million)
• Toyota Prado SUV priced between $59,840 to $87,807
• Porsche 911 Carrera (N42 million)
• Mercedes G-Wagon worth (N64.9 million)
• Cadillac Escalade SUV (N27.2 million)
• Range Rover Sport SUV (N53.9 million)
• Mercedes Benz E350 (N20 million) Read 

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4. Burna Boy – $55 million dollars +

Damini Ebunoluwa Ogulu (born 2 July 1991), known with the stage and popular name Burna Boy, is a Nigerian singer, songwriter, and record producer. He rose to stardom in 2012 after releasing “Like to Party”, the lead single from his debut studio album, L.I.F.E (2013). Burna Boy has 2.66 million subscribers on youtube and 10.7 million subscribers on Instagram as of May 2022. 

• Full name: Damini Ebunoluwa Ogulu
• Born: 2 July, 1991, Port Harcourt, River state
• Age: 31 years as of July 2022
• Occupation: Singer, songwriter, and record producer

Burnaboy won Best International Act at the 2019 BET Awards, and was announced as an Apple Music Up Next artist. His fourth studio album, African Giant, which was released in July 2019 also won Album of the Year at the 2019, All Africa Music Awards and was nominated for a Best World Music Album at the 62nd Annual Grammy Awards. He was awarded the African Artist of the year at the 2020 VGMA’s. Burna Boy released his fifth studio album, Twice as Tall, in August 2020, which was nominated for the same category at the 63rd Annual Grammy Awards, making him the first Nigerian artist with back-to-back nominations at the Grammys. In 2021, Twice as Tall won the Best World Music Album at the 63rd Annual Grammy Awards. In July 2022, Burna Boy released his sixth studio album, Love, Damini.

Burna Boy’s Net Worth

As of July 2022, Burna Boy’s worth is estimated around $55 million, making him the 4th richest musician in Nigeria.

Burna Boy Car Collection:

• Rolls Royce Down Convertible
• Mercedes-Benz G Wagon
• Lexus
• Bentley
• 2013 Ferrari 458 Italia

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5. Mr P – $52 million dollars +

Peter Okoye (born 18 November 1981), is better known as Mr P or Peter P-Squarer. He rose to fame with his twin brother Paul Okoye in the 2000s as a member of the P-Square. Unfortunately, Peter and his twin brother parted ways in 2017 due to disagreement, to reunite back in n November the 17th, 2021. 

• Full name: Peter Okoye
• Born: 18 November 1981, Jos, Nigeria
• Age: 40 years as of July 2022
• Origin: Ifite Dunu, Anambra State, Nigeria
• Occupation: Singer and record producer
• Children: Cameron Okoye and Aliona 

In 2018 Mr. P collaborated with Nyanda of Brick & Lace on a song titled “Wokie Wokie”.

In 2021, he founded his own record label called PClassic Label, the label has signed Nigerian activist and disc jockey DJ Switch. He also released a 16-track debut album titled, The Prodigal which featured Tiwa Savage, Simi, Teni, Wande Coal, Tamar Braxton, Singah, Mohombi, DJ Switch, and OvieKelz in 2021.

Mr. P’s Net Worth

Since the release of “Get Squared” which recorded a massive hit, his net worth is estimated $52 million dollars.

Mr. P Car Collection:

• Jeep Wrangler (₦13 Million)
• Bentley Mulsanne (₦125 Million)
• 2 Range Rovers (₦ 50 Million – ₦82 Million)
• Dodge Challenger (₦11 Million – ₦22 Million)
• BMW X6 (₦25 Million)
• Porsche 718 Cayman (₦22 Million)
• Mercedes AMG GL63 (₦45 Million)
  

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6. 2Face Idibia – $48 million dollars +

Innocent Ujah Idibia (born 18 September 1975), popularly known as 2Baba or 2Face Idibia, is a Nigerian musician, singer, songwriter, record producer, entrepreneur, and philanthropist. 2face began his Music career as a member of the Plantashun Boiz and later departed from the group in 2004 to pursue a solo career.  His song “African Queen” became a hit and brought him to the spotlight in the Nigerian music industry.

• Full name: Innocent Ujah Idibia
• Born: 18 September 1975, Jos, Nigeria
• Age: , Age: 46 years as of July 2022
• Occupation: Singer, songwriter, record producer, and entrepreneur
• Spouse: Annie Macaulay-Idibia (2012 to present)
• Children: Isabella Idibia, Justin Idibia, Olivia Idibia, Nino Idibia, Zii Idibia, Rose Idibia, and Innocent Idibia 

 He launched his debut solo album in 2004 after the band broke up and the second one in 2006. 2Baba is the first winner of MTV EMA Best African Act category in 2005, and is one of the most awarded Nigerian musicians in history.

2Baba released an experimental album in 2009 called The Unstoppable which includes the single “Enter the Place”. Problems with album distribution in 2007 caused a shift in the release date of the album from 2008 to early 2009. 

2face Idibia’s Net Worth

As of July 2022. his net worth is estimated at around $48 million dollars. This makes him one of the richest musicians in Nigeria.

2Face Car collection:

• Ferrari Coupe (N60 Million)
• Toyota Land Cruiser Prado (₦38 Million)
• Chevrolet Corvette Coupe (₦45 Million)

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7. Rude Boy – $48 million dollars +

Paul Okoye (born 18 November 1981), who is popularly known as Rudeboy, is a Nigerian singer. He rose to fame in the 2000s as a member of the P-Square with his twin brother Peter Okoye. They later departed to pursue their music career separately. 

• Full name: Paul Okoye
• Born: 18 November 1981, Jos, Nigeria
• Age: 40 years as of July 2022
• Origin: Ifite Dunu, Anambra State, Nigeria
• Occupation: Singer and record producer
• Spouse: Anita Isama (2014 to present), Might divorce due to a cheating allegation
• Children: Andre Okoye

After the disbandment of P-Square in 2017, both band members sought separate musical careers. Rudeboy released his debut solo tracks titled ‘Fire Fire’ and ‘Nkenji Keke’ in 2017. His song “Reason With Me” generated the highest views on YouTube in Africa in 2019. He is the founder of Fire Department Inc, a record label he established in 2019.

Rude Boy’s Net Worth

Paul’s net worth is estimated to be around $48 million dollars as of July 2022.

Rude Boy’s House and Car Collection:

Rude boy has a mansion in Banana Island, Lagos Nigeria. He also co-owned a posh home next to his twin brother in Atlanta in  2014. The houses were later sold after they separated. This makes him one of the richest musicians in Nigeria.

His cars include;

• Bentley Bentayga
• Mercedes-Benz GLE43 AMG 4MATIC Coupe
• Lamborghini Aventador Roadster
• Lamborghini Huracan
• BMW X6
• Jeep Wrangler
• Range Rover
• 2014 Benz C-Class Coupe 

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8. D’banj – $30 million dollars +

Oladapo Daniel Oyebanjo was born 9 June 1980, and he is better known by his stage name D’banj. He is a Nigerian singer, rapper, songwriter, entrepreneur, businessman, and the founder of Mo’ Hits Records with producer Don Jazzy. He has won several music awards, including the awards for Best African Act at the MTV Europe Music Awards 2007, Artist of the Year at the MTV Africa Music Awards 2009, Best International Act: Africa at the 2011 BET Awards, and Best-selling African Artist at the 2014 World Music Awards, Evolution award at the 2015 MTV Africa Music awards.

• Full name: Oladapo Daniel Oyebanjo
• Born: 9 June 1980, Zaria, Nigeria
• Age: 41 years as of July 2022
• Occupation: Singer, producer, rapper, and businessman
• Spouse: Lineo Didi Kilgrow (2016 to present)
• Children: Daniel Oyebanjo III, Zane Oyebanjo 

D’banj’s debut album, No Long Thing, was released in 2005. 

D’banj’s second album Rundown Funk U Up, was released in 2006.

In June 2011, D’banj was signed to Kanye West G.O.O.D Music record label as an artist. On 9 June 2011.

The forthcoming single “Bother You”, inspired by the film Half of a Yellow Sun, was released on 7 April 2013.

He released the album titled King Don Come, with guest features from the likes of Gucci Mane, Wande Coal, Harry Songs, Bucie, Busiswa, etc.

He has won multiple awards including The MTV Europe Music Award for Best African Act, MTV Africa Music Sward for Artist of the Year, and so on.

D’Banj’s Net Worth

As of July 2022, Dbanj’s net worth is estimated to be roughly $30 Million Dollars. This makes him one of the richest musicians in Nigeria.

Dbanj Car Collection:

• Rolls-Royce Phantom (N164million)
• A Bentley (N108m)
• Dbanj Ferrari f430 (N68million)
• Mercedes Benz Amg GT (N53.2 million)
• Aston Martin Vantage (N50 million)
• 2015 Porsche Carrera (N33.2million)
• Toyota Land Cruiser Prado (N30 million to 52 million each)
• Range Rover SUV
• Harley Davidson bike (N2.3 million)
  

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9. Asa – $28 million dollars + 

Bukola Elemide (born 17 September 1982), is known by the stage name Aṣa. She is a Nigerian-French singer, songwriter, and recording artist. She rose to fame with her debut single, “Eye Adaba.”

• Full name: Bukola Elemide
• Born: 17 September 1982, Paris, France
• Age: age 39years as of July 2022
• Occupation: Singer, songwriter

She released the album “Asa,” album in 2007 which led to her being named the winner of the French Constantin Award in 2008. In 2010, she release the album Beautiful Imperfection and she again released Bed of Stone in 2014 and lucid album in 2019. 

She has also won some awards including Prix Constantin in 2008, French Music Awards Victoires de la Musique nomination for “Female Artist of the Year” in 2011. This makes her one of the richest musicians in Nigeria.

Asa’s Net Worth

As of July 2022, Asa’s net worth is estimated to be around $28 million dollars, making her one of the richest Nigerian musicians.

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10. Flavour – $25 million dollars +

Chinedu Okoli was born on 23 November 1983, popularly known by his stage name Flavour. He is a Nigerian singer and he was first widely recognized across Africa and the world for his hit song “Nwa Baby (Ashawo Remix)”. 

• Full name: Chinedu Izuchukwu Okoli
• Born: 23 November 1983, Enugu, Nigeria
• Age: 38 years, as of July 2022
• Occupation: Singer, songwriter 

Flavour, is well known for his ability to sing fluently in the Igbo language.

In 2005, Flavour released his debut album N’abania through Obaino Music. Flavour collaborated with Mr. Raw on the album’s lead single titled “N’abania”. 

Following the relative success of his debut album, Flavour released Uplifted in 2010. The album broke national barriers. He released blessed on 18 October 2012 through 2nite Entertainment and iROCKING LTD. It is arguably Flavour’s biggest album to date due to the number of producers who worked on it. 

He released Thankful in December 2014. The album consists of 22 tracks and runs for one hour and seventeen minutes.

Ijele – The Traveler was also released 2017 making it his 5th album.

He has won multiple awards including AFRIMA in 2019, African Muzik magazine awards in 2014, Nigeria music video award in 2013, and many more. 

Flavour’s Net Worth

Flavour is also one of the richest musicians in Nigeria with an estimated net worth of around $25 Million dollars making him one of the richest musicians in Nigeria.

Flavour Car Collection:

• Lexus LX 570
• BMW X6 (₦18 Million)
• Land Rover (₦25 Million)
• Black Mercedes Benz G-Wagon (₦40 Million)

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11. Olamide – $12 million dollars +

Olamide Gbenga Adedeji (born in 15 March 1989), is a Nigerian rapper singer, and songwriter. He is one of the biggest and most influential artists in Africa. Olamide’s incredible use of Yoruba and English also makes him stands out as one of the Nigerian best musicians. In 2011, he released his debut studio album Rapsodi while signed to Coded Tunes.

• Full name: Olamide Gbenga Adedeji
• Born: 15 March 1989, Bariga, Ikeja, Nigeria
• Age: 33 years as of May 2022
• Occupation: Singer, record producer, and rapper
• Children: Batifeori Maximilliano Adedeji and Tunrepin Myles 

Olamide’s debut album Rapsodi was released in 2011. Adedeji’s second studio album YBNL was released in November 2012. He went on to release his 3rd album Baddest Guy Ever Liveth on November the 7th, 2013 by YBNL Nation. He also won Headies best rapper album of the year in 2013. 

Olamide’s Net Worth

As of July 2022, olamide’s net worth is about $12 million dollars. 

Olamide’s House and Cars 

Olamide owns a N70 million mansion in Lekki, Lagos, a N25 million home in Bariga, Lagos (near one of his filling stations), two filling stations in Lagos, and several automobiles. This makes him one of the richest musicians in Nigeria.

Olamide’s cars include;

• Rolls Royce Phantom (N68 million)
• Land Rover Range Rover V8 (N32 million)
• Mercedes-Benz G-Class (N23 million)
• Land Rover Range Rover Sport (N15 million)
• Toyota Camry (N4 million)

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Frequently Asked Questions About The Richest Nigerian Musicians

Below are some FAQs about Nigeria’s richest musicians;

Is Davido Richer than Wizkid?

Yes, Davido is richer than WizKid. Davido’s net worth is $69 million, while Wizkid’s is around $65 million as of July 2022

Who Is the richest between Wizkid and Davido?

Davido is richer than Wizkid

Did Davido own a private jet?

No, but the jet which he uses frequently belongs to his father. The jet is a Bombardier Challenger 605, priced at $27 million (N9,727,599,015). Davido claims whatever belongs to his father belongs to him. 

Did Wizkid win a Grammy Award?

Wizkid was nominated twice, for the 62nd and 63rd Grammy Awards. On March 14, 2021, Wizkid became the second Nigerian to receive a plaque. At the 63rd Grammy Awards, held in Los Angeles, California. He won ‘Best Music Video’ for his role in ‘Brown Skin Girl.’

Does Wizkid Have a Private Jet?

Yes, Wizkid owns a private jet. Wizkid has a private aircraft that he uses.

How much is Wizkid private jet?

WIZKID private jet is estimated to be around $20 million.

Is Burna Boy Richer Than Wizkid?

No. Burna Boy has an estimated net worth of $55 million, while Wizkid’s net worth is estimated to be around $65 Million.

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