Top 10 Richest Musicians In Nigerian 2024
Ever wondered who are those 10 people that top the table of richest musicians In Nigeria today?
We’re about to show you all the way from Number ten to one, make sure you read from the beginning till the end cus number five will really suck you…
Nigerian singers are notorious for big houses, fancy cars, and extravagant purchases; and when you take a look at just how much some of them earn, it’s no wonder.
This article is a list of the 10 richest singers, how much they’re worth, and some of our favorite videos from them.
All figures listed within this article have been taken from Forbes, The Richest, and Wikipedia. We’ve tried to make sure they are as up-to-date as possible.
People who enjoy music frequently discuss who the wealthiest individuals in the music industry are.
Fans are aware that the music industry is very profitable, but they are unable to understand how this is possible. The top 10 wealthiest musicians in Nigeria as of 2024 are presented to you.
The general consensus is that musicians engage in various questionable activities and believe that this is how they make money.
We compiled this list to assist you in unwinding and learning about the lifestyles of some of Nigeria's richest musicians because these searches are made frequently online.
Music consists of more than simply sounds and rhythms; it also includes melodies and lyrics that complement the sounds and are combined pleasingly.
There are numerous uses for music that day back a long time. Music has become a global phenomenon and a very lucrative industry thanks to technological advancements and better ways to create music.
Music is one of the most well-known genres of writing and a type of art. The African continent has demonstrated a great deal of interest in art and has gotten better at it over time, in keeping with the best practices around the world.
With some of the absurd sums that Afrobeat artists earn on multiple streaming platforms, Nigerian music is likely reaching the heights of its financial success. They continue to make as much money as ever from live performances, performance fees, invitation fees, and various significant endorsement deals.
How Much Did Average Nigeria Musician Earn Per Year
Average Nigerian musicians in make between N5-20 million per performance. The top artists can get booked for up to 100 shows a year. So, if the artist gets paid an average of N9 million per show and does a minimum of 40 shows a year, he or she would have generated a minimum of N340 million.
10. D’banj
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| D'Banj |
Oladapo Daniel Oyebanjo, who is a rock star, goes by the stage name D’Banj. D’Banj is a Nigerian singer and rapper who was born on June 9, 1980. He is also the founder of Mo’ Hits Record. He was known for his hit records and a very successful music career.
He has also received a lot of awards, such as the "Best African Act" award from the 2007 MTV Europe Music Awards. For record companies including GOOD Music, RCA, Sony Music Entertainment, and others, the well-known musician had written hit songs. He is regarded as one of the most well-known and prosperous vocalists in the entire globe. He is one of the wealthiest musicians in Nigeria and has written many popular songs.
As a tribute to his mentor Fela, D'banj uses a fusion of Afrobeat and Afropop to bring his music to life and into the 21st century with breathless enthusiasm as well as a good dose of humor. His songs are based on his life, often hilarious but with a deeper meaning that documents the struggle of a young Nigerian trying to achieve his dreams. He performs in Yoruba, English, and Pidgin English.
Tiwa Savage is currently with an estimated net worth of $9.6 million
9. Tiwa Savage
Tiwatope Savage is a Nigerian singer and vocalist who goes by the stage name Tiwa Savage. She came into the world on February 5, 1980. She moved to London when she was 11 to continue her education. Soon after, she started singing backup for foreign artists. In 2009, she signed a publishing deal with Sony/ATV Music Publishing. Later, she moved back to Nigeria. In 2012, she signed a record deal with Marvin Records and had a successful career as the music industry grew. Once Upon a Time, her first studio album was released in 2013.
From there, she put out singles like “kele kele love,” “without my heart,” “Eminodo,” and many more. Tiwa Savage signed a publishing and management deal with Roc Nation in June 2016. In 2017, she released her first album, which became very popular and was nominated for several awards.
She made a deal with Universal Music Group, and in 2019 she stopped working for Marvin Records. She has a lot of afro, pop, and hip-hop records, and she can sing in both English and Yoruba. Tiwa Savage is one of Nigeria’s wealthiest musicians.
In conclusion, Africans have talents, and the music industry is one of the biggest places where these talents are shown. Not only did these musicians make a name for themselves and make a lot of money on their own, but they also help improve Nigeria’s reputation here and in other places.
Tiwa Savage is currently with an estimated net worth of $12 million
8. Phyno
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| Phyno |
Chibuzor Nelson Azubuike, the fine boy of Nigeria's music industry who goes by the stage name Phyno, was born on October 9, 1986. Phyno is his stage name. Phyno is a Nigerian rapper, singer, songwriter, and record producer who has recently been in the news for all the right reasons. The pop rapper had started his music career in 2003 as a producer. He is a well-known rapper who is very skilled at rapping in the Igbo language.
In 2014, he put out his first studio album, called No Guts, No Glory. The album featured hit tracks like; Parcel, O Set, Ghost Mode and Man of the Year. He is known as one of the richest musicians in Nigeria because he has worked with Me Raw, M.I. Ibaga, Timaya, and many others to make hit songs.
Phyno is currently with an estimated net worth of $14 million
7. Timaya
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| Timaya |
Inetimi Timaya Odon was born on August 15, 1980. He is better known by his stage name, Timaya. Timaya is a multiple award-winning singers. A singer and songwriter from Odi, which is in the state of Bayelsa in the South-South Region of Nigeria.
He is known as “The Egberi 1 of Bayelsa.” He started Dem Mama Records Limited and is a well-known Afro-Caribbean and dancehall music star. With his many song records and albums, he became known around the world. His studio album De Rebirth, which was released with Black Body Entertainment, made him even more famous.
This was made even clearer by his hit song “Plantain Boy.” He is one of the wealthiest Nigerian musicians and has won and been nominated for many awards.
Over the last 17 years since his big break, Timaya has consistently year after year dropped at least two hit jams that would put the music industry on lockdown. Timaya, according to a recent report, is estimated to be worth an astonishing $12m. He also owns a couple of impressive mansions in one of the most expensive environs in Lagos, with one estimated to be worth $250m. The 41-year-old also owns a fleet of cars valued at almost #300 million.
Timaya is currently with an estimated net worth of $16 million
6. 2Baba
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| 2baba |
Ujah Idibia, whose is popularly known as 2baba, is one of the best-known musicians in Nigeria. He is also one of the best-talented. He came into the world on September 18, 1975. He is known not only for writing and singing songs, but also for producing music, giving back to the community, being an activist, and running his own business. One of the best singers whose lyrics are really great.
He is one of the best-known singers in Nigeria and around the world. He has made a lot of music and studio albums. After his hit song “African Queen” came out in the early 2000s, Idibia became a big name in the music business and signed a lot of deals
2baba has been around in the industry for nearly three decades, and over that period he has signed some of the biggest record deals and earned himself some record-shattering figures. The African Queen crooner is valued to be worth $18m. Before the international break of Wizkid, Burna Boy, and Davido 2face was probably the richest artist in Nigeria and most probably in Africa as well.
He has been an ambassador for NAFDAC, Guinness beer, Airtel, and many other companies. He has also won many awards, including the first MTV EMA Best African Act award in 2005.
He is also listed as one of the artists with the most awards. Many people in the business look up to him and see him as a role model. He is also one of the richest people in the business.
2baba is currently with an estimated net worth of $17 million
5. Olamide
Olamide
Rapsodi, his first studio album, came out in 2011 on the Coded Tunes Record Label. His career grew, and he now has a lot of songs, awards, and nominations to his name. YBNL Nation, which is also known as Yahoo boy no Laptop, is one of his hit albums.
The album featured songs like, the voice of the street, Stupid Love, and some others. With his endorsement deal in 2013, he became the first Nigerian to sign an endorsement deal with Cîroc. He is one of Nigeria’s most wealthy musicians. He has to a large extent kept many of his immaculate feats that aren't music related away from the media. However, the few scoops that get to make it out show that Olamide is a big baller that has to be recognized for his achievements. Olamide who came into prominence with his hit rap single, Eni Duro owns an impressive fleet of cars valued at around N450m.
Olamide is currently with an estimated net worth of $19 million
4. Burna Boy
Burna Boy
In the United States, he signed with record companies like Warner Music Group and Bad Habit/Atlantic Records. At the 63rd Grammy Awards in 2021, he won the award for Best World Music Album. He was the first Nigerian to win this award. Burna Boy is still one of the wealthiest musicians in Nigeria. He has over six albums, a lot of songs, endorsements, and record deals.
The Afro-fusion musician is one of the biggest and wealthiest Nigerian artists. Burna Boy recently set social media on fire when he went online to disclose that he made over $100m so far in 2022. However, according to reports, the singer is believed to be worth just a few million quids above $20m.
Burna Boy is currently with an estimated net worth of $20 million
3. Don Jazzy
Michael Collins Ajereh was born in November 1982. He is better known as Don Jazzy. He started Marvin Records, which is a well-known record label with a lot of well-known musicians on it. He is also the CEO of Marvin Records.
Together with D’Banj, he also started Mo Hits. Don Jazzy is known as one of the most successful music producers in Nigeria. He has worked with Wizkid, Tiwa Savage, and other big names in music. Don Jazzy is still one of the wealthiest musicians in Nigeria because he is involved in making more music.
Don J, owns at least five other houses in Lagos across both the mainland and the Island. He also owns a house in Los Angeles, US.
He has been in the music industry for over 20 years and his wealth is justifiable. Don continues to churn amazing artists from his label, Mavins, and they continue to earn him many more of the big bucks.
The Mavins boss also owns a garage of luxurious rides, which has been estimated to be worth about N300m.
Davido is currently with an estimated net worth of $21.5 million
2. Davido
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| Davido |
David Adedeji Adeleke is popularly known by his stage name, Davido. He was the first Nigerian singer to be on a FIFA World Cup single. She was born on November 21, 1992. He is Nigerian-American and sings, writes songs, and makes records.
His many songs and studio albums have earned him a lot of awards and nominations. People know him to be wealthy and to have rich family members.
He is known as one of the best hip-hop artists and has deals and recognition both in his home country and around the world. He is one of Nigeria’s most wealthy musicians.
Davido is currently with an estimated net worth of $22.5 million
1. Wizkid
Wizkid
He started recording music at the age of 11. He got his big break in the music industry in 2011 with his hit track 'Holla At Your Boy.'
He became well-known after he signed a deal with Empire Mates Entertainment (E.M.E), a record label run by Banky W.
With songs like “Hola at Your Boy” and many others, until his contract with the label was up and he had to leave.
He has also become known around the world and worked with artists like Drake and others. He is one of the best musicians in Nigeria and Africa.
He also has a Grammy Award and is known as one of the wealthiest musicians in Nigeria and around the world.
The singer currently lives in the UK with his wife Jada Pollock, who also doubles as his manager. They share two kids together, Zion and his younger brother.
Wizkid recently showed his worth when he shut the internet down some months when he ordered seven different luxury cars at once.
Popsy as he is fondly called by his fans owns a sprawling mansion estimated to be worth $1.5m in the Lagos suburbs of Surulere.
He owns another beautiful edifice in Los Angeles, United States. While his car collection has been estimated to be worth over N700m.
Wizkid is currently with an estimated net worth of $25 million
Final Take
No dought Wizkid is currently the richest musician in Nigeria with an estimated net worth of 25 million dollars, He is the most streamed Africa of the era best-decorated artist.
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