Thursday, June 16, 2022

Check the Top 20 Richest Musicians in Nigeria – 2022 and Their Net Worth [UPDATED]

In this article, is a list of 20 Richest Nigerian Musicians at their prime, their net worth, endorsements, and records, that you need to know.

This is the current ranking of Nigerian Musicians, based on their Financial Assets and investments.

20. M.I .Abaga ($2 Million)

Jude Abaga is one of the most admired and praised singers in Nigeria.

The latest research shows that he holds a net worth of 2 million USD, in estimation.

His most successful and loved tracks are:

  • Imperfect Me
  • Your Father
  • Beef
  • Bad Belle
19. D'banj ( $2 Million )

Enjoying the net worth of 2 million USD, in the estimation, this young yet successful guy is at the top famous and richest musician in Nigeria.

Dbanj full names are Oladapo Daniel Oyebanjo, he was born on the 9th of June 1980 in Kaduna. He is estimated to be worth $13.5 million which makes him one of the richest musicians in Nigeria.

18. Falz ($4 Million)

Falz who is the son of Nigerian famous lawyer is also another Nigerian musician that makes the list. He is estimated to be worth $4 million according to Forbes which makes him one of Nigeria richest musicians.

17. Mayorkun ($5 Million)

Adewale Mayowa Emmanuel has a net worth of $5 million. He is a signee under Davido’s label, the DMW record label. His both parents are well known in the Entertainment Industry as movie producers and actors.

He signed his first record deal in 2016 after he made a video cover of Davido’s song, “Money”. He released a single, “Eleko”, in the same year, which paved the way for him in the music industry.

16. Kcee ($5 Million)

Kingsley Chinweike Okonkwo popularly known as Kcee is a Nigerian songwriter and singer. He is the brother of Emoney who happens to be a respected billionaire in Nigeria. 

15. Yemi Alade ($6 Million)

Yemi Alade hit the limelight with her music, “Johnny”, which was released in 2017. She is one of the most influential Artiste, with a financial worth of $6 million According to records by Forbes.

This is the second female Nigerian musician to make the list as she is estimated to be worth $6 million. Yemi Alade is known for her energetic dance moves and display of her African heritage in her music videos. She has lot of awards to her credit and many endorsement deals

14. Jidenna ($7 Million)

Jidenna Theodore Mobisson is a half-caste of both Nigerian and American origin. He topped the Billboard with his collaborations with many foreign and local musicians.

13. Tekno ($8 Million)

Kelechi is one of the Nigerian Musicians, who have become popularised, with regards to his dancing and singing style. He owns landed properties, endorsement, and ambassadorship deals, which grosses his net worth to $8 million.

He is an award winning artiste who is known for his sleek dance moves in his music. He also has many endorsement deals.

12. Tiwa Savage ($9 Million)

Tiwa Savage is the first female Nigerian singer to feature on this list as she is estimated to be worth $9 million making her one of the richest musicians in Nigeria.

She is the richest female musician in Nigeria, with an estimated net worth of $9 million by Forbes. She released her first album in 2013, “Kele Kele Love”, under the Marvin’s Record label. Currently, she is a signee under Jay-Z’s record label.

11. Flavour ($9.5 Million)

Chinedu Okoli is on our list, with a net worth of $9.5 million. Flavor studied music as a course in the Tertiary institution on scholarship. He released his first music, “Nabania”, under the auspices of Mr. Raw.

10. Banky W ($8.5 Million)

Bankole Wellington is a music producer and Artist. He has signed a lot of artists in the past, with the likes of Wizkid, Shaydee, and Skales. He has been in the industry for a long time now, though he started as a Singer in his Church Choir, back at home. He is the CEO of the EME record label, which he pioneered in.2002.

9. P squqre , Peter (Mr. P) and Paul Okoye (Rude Boy) ($10 Million)

The twins began their career on stage while singing and break dancing. They won many awards together, KORA, MOBO awards,.MTV, the Best dancer of the year awards. When they were still a duo, they signed multiple endorsements together.

8. Timaya ($10.5 Million)

Timaya whose real names are Inetimi Timaya Odon is a Nigerian singer, songwriter and the founder of Dem Mama Records. He was born on the 15th of August 1977 in Port Harcourt.

7. Phyno ($11 Million)

Chibuzor Nelson Azubuike popularly known as Phyno is a Nigerian record producer, songwriter, singer and rapper. He is famous for his smooth Igbo raps and he is one of the richest musician in Nigeria estimated to be worth $11 million.

6. Olamide ($12 Million)

Olamide Adedeji is a Yoruba native in Lagos State. The artiste spices up his music with a blend of his mother tongue. You might wonder if he makes it in the industry, considering that his songs may not sell in some countries. Well, this artist is making it big time. With a net worth of $12 million, a record label to his name (YBNL record label), awards of the Best Indigenous Artiste, and lots more.

5. 2Baba/2Face ($16 Million)

Innocent Ujah Idibia has an estimated net worth of $16 million. He began his career with the Plantashun Boiz before he broke out of the group. He signed a record deal with Kennis music and released his first album, “African Queen” there. The song went viral and led to his media recognition in 2004.

4. Burna Boy ($17 Million)

Nigerian Singer and rapper, Damini Ebunoluwa Ogulu, has a net worth of $17 million. He became famous in the industry, thanks to his debut album, L.I.F.E in 2012. He began under Aristokrat records, but in 2014, he signed out to start his record label, Spaceship Entertainment. He is the ambassador to brands like Globacom, Nigerian Breweries Plc, and Mortell Cognac.

3. Don Jazzy ($18.5 Million)

Collins Michael Ajereh (A,K.Aa Don jazzy), is a music producer, with an estimated net worth of  $18.5million. The producer has made pivotal efforts in grooming some of our favorite artists in the industry. like Reekado Banks, Tiwa Savage, Rhema, etc.the boss of Mavin Record .

2. Wizkid ($38 Million)

Ayodeji Ibrahim Balogun is the richest Nigerian Artist. According to Forbes, he grosses over $30 million, keeping him at the prime of his career. He had a concern for music right from his early life. When he was 11, he set up a music group with five of his friends. 

1. Davido ($45 Million)

Davido is another musician that makes the list of the richest musician in Nigeria. He is a big musician both locally and internationally and he is worth $25 million according to Forbes. He rose to fame with his hit single” Damiduro” which was released in 2012.

David Adeleke popularly known as Davido, is the son of Billionaire, Dr. Adedeji Adeleke. His current net worth according to Forbes is $25 million. He has two Baby Mama, though engaged to a third, Chioma.

Davido owns two houses in Lekki and Georgia, US. and a private jet. He has signed many endorsement deals with brands like Sony, First Bank, MTN, Pepsi, Infinix. He has really carved a niche for himself both locally and internationally. 

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