Who is the Richest musician in Africa right now? I bring to you the list of top 10 richest musicians in Africa and their net worth.
I should warn you though, that you might not find your favorite musician ranked as one of the Forbes top 10 richest musicians on this list.
Not quite long we gave the ranking of the top 10 richest musicians in Nigeria and their net worth, I think you should check that out just towards the end of this article.
So who is the richest musician in Africa today?
Who Is The Forbes Richest Musician In Africa?
The richest musician in Africa is Akon with an estimated and growing net worth of $80 million.
When you hear the saying that Africa as a continent is great, it simply implies that people in Africa or talented, gifted, hardworking, and ready to break grounds.
The music industry in any continent triggers a wave of recognition for such continent as talented artists become popular across the globe.
Music in Africa or should I say African music is super dope. Musicians in Africa use music to excite their fans, become popular, and make money.
This has led to having more entrants into the Music and entertainment industry in Africa.
The fact is, there are more than enough musicians in Africa, some are already professional entertainers while some are not yet at the top of their game.
With many want-to-be African music celebrities, there’s the need to list out the most successful, wealthiest and richest musicians in Africa.
Top 10 Richest Musician In Africa
Now you know who the African richest musician is right?
Here I have other musicians that have made it to the list of the top ten richest musicians in Africa and their net worth ranking, according to Forbes rating in the continent.
1. Akon Net Worth $80 million
- Full Name: Aliaume Damala Badara Akon Thiam
- Birth Day: April 16, 1973
- Record label: Konvict Muzic
- Net worth: Estimated at $80
- Marital Status: Married
- Nationality: Senegal/United States
Akon did not wake up one morning and became successful; his musical family did not guarantee his place on the Forbes list of the richest musician in Africa, but hard work.
The record has it that Akon’s music career did not boom until 2003 when connection changed his story.
The year 2006 saw an accomplishment made by Akon, he started Kon Live Distribution. A year later, he launched Konvict Clothing, his clothing line.
Akon is not only a singer; he is a producer, songwriter. He produced and recorded a song with Pepsi for the 2010 world cup; the song titled ‘Oh Africa’.
Guinness book of world records enlisted him as the No. 1 selling artist for master ringtones in the world.
The father of 6 children from 3 different baby mamas is said to partially own a diamond mine in South Africa.
CEO of his own label, Konvict Music, has been nominated for 5 Grammy accolades.
He is the first on my top 10 richest musicians in Africa with a net worth of $80 million. He is the richest musician in Africa today.
2. Black Coffee Dj Net Worth $60 Million
- Full Name: Nkosinathi Maphumulo
- Birth Day: March 11, 1976
- Record label: Soulistic Music
- Net worth: Estimated at $60
- Marital Status: Unknown
- Nationality: South Africa
The second on the list of top 10 richest musicians in Africa is Nkosinathi Innocent Maphumulo, born on the 11th of March, 1976 in South Africa.
He has a degree, in Jazz studies, from Technikon Natal. He’s the second richest artist in Africa.
Black Coffee started his music career at the age of 19; ten years later, he bagged the award for ‘breakthrough DJ of the year’ at the DJ Awards in Ibiza.
He had his name entered in the Guinness Book of World records 2010 when he DJed non-stop for over 50 hours at Maponja mall. The record producer and DJ own a label called Soulistic Music.
He is married to Enhle Mbali Mlotshira Maphumulo, a South African actress and TV presenter.
He deserved some accolades and he got them, among the accolades include ‘Best International Act: Africa’ of BET Awards 2016, ‘Best Deep House DJ’ of DJ Awards 2017, etc.
Apparently singing is not the only criteria to be a musician as black coffee holds the second place on the list of top 10 richest musicians in Africa with a net worth of $60 million.
3. Don Jazzy Net Worth $30 Million
- Full Name: Michael Collins Ajereh
- Birth Day: November 26, 1982
- Record label: Mavins
- Net worth: Estimated at $30 million
- Marital Status: Unmarried
- Nationality: Nigerian
…it’s Don Jazzy again…
Michael Collins Ajereh was born on the 26th of November, 1982 in Lagos. He attended Federal Government College, Lagos before proceeding to Ambrose Ali University to further his studies in business management.
He grew up in Ajegunle and was a chorister in church. He began playing the bass guitar in the year 1994…he does have a thick voice, you know.
At the age of 18, he stepped outside the borders of Nigeria when his uncle invited him over to London. Michael is a producer, performer, songwriter, singer, and entrepreneur.
At age 22, Don Jazzy was the co-founder of a record label called Mo’Hits records.
First time I saw D’Jazzy was in the video of Why Me? He is credited with the production of many albums including ‘No Long Thing’.
As the saying goes, twenty children cannot play for twenty years; Don Jazzy and Dbanj parted ways in the year 2012.
The same year he founded his own record label called Marvin Records, an empire that really contributed to the net worth of Don Jazzy.
He created a social network platform, Marvin League, to promote his label. The following year saw him parting ways with another of his oldest musician, Wande Coal.
Let’s be honest here, he’s not just one of the top ten richest musicians in Nigeria, he is also one of the top 10 richest musicians in Africa.
…Egbon Olamide, if you want the car, come and get it…’ The 33-year-old replied Olamide at the ‘Next Rated’ Award some years back. Anyway, check Olamide net worth and biography for more info
Songwriter and Producer Don Jazzy’s story would not be complete without the mention of Emeka Infinity of O-Tom record company, who taught him producing skills.
Accolades with the name of Don Jazzy on them include ‘Producer of the year’ of Nigerian Music Awards 2006.
He also won‘Special Recognition Award’ of City People Entertainment Awards 2015, and many others.
We could say his degree in business management studies did pay off as he is not only of one of the African musicians but the third richest musician in Africa with a net worth of $30 million.
4. Davido Net Worth $16 Million
- Full Name: David Adedeji Adeleke
- Birth Day: November 21, 1992
- Record label: HKN Music, Davido Music Worldwide DMW
- Net worth: Estimated at $16 million
- Marital Status: Engaged
- Nationality: Nigerian
The son of billionaire Dr Deji Adeleke and late Professor Mrs. Vero Adeleke was born on the 21st of November, 1992 in Atlanta, USA.
He is a songwriter, a very good rapper, performer, producer, singer, and undeniably one of the best African musicians.
He lost his mother at the tender age of 11. He attended British International School in Lagos for his secondary education before traveling out of the country to study business administration at Oakwood University, Alabama, USA.
His interest in music started when he was in university but unfortunately, things were not encouraging. He dropped out of school and relocated to London to face the music.
The year 2011, he was spotted at the airport; Davido returned to Nigeria. He decided to go back to school and attended Babcock University where he studied music.
The song ‘Dami Duro’ was loved by many, making Omo Baba Olowo popular. He signed an endorsement deal with MTN in the year 2012. He is also a Sony music ambassador.
He recently gave a new definition to the word ‘assurance’ when he got an endorsement deal worth #60 million and a #45 million car for his girlfriend.
OBO is not only the son of a rich man but the 4th on the list of Forbes top 10 richest musician in Africa with a net worth of $16 million and a private jet.
Not quite long, Davido in a song mentioned 30 billion in his account. Is it Naira or Dollars? Here’s why we think Davido doesn’t have 30 billion in his account.
5. Wizkid Net Worth $12 Million
- Full Name: Ayodeji Ibrahim Balogun
- Birth Day: July 16, 1990
- Record label: Star Boy
- Net worth: Estimated at $12 million
- Marital Status: Unknown
- Nationality: Nigerian
Wizkid is also on Forbes list of the 10 richest musicians in Africa?
Born on the 16th of July, 1990 by a Christian mother to a Muslim father and named Ayodeji Ibrahim Balogun is now popularly known as Wizkid.
A chorister in the church that grew up in Surulere, listening to King Sunny Ade, Fela Kuti, and Bob Marley songs.
In the year 2001, he and some of his friends formed a group called Glorious 5; they released an album before parting ways.
Four years before Banky W found him, Wizkid was mentored and coached by Naeto C.
Eight years later, he signed a five-year record deal with Empire Mates Entertainment, EME. His song ‘HOLLA AT YOUR BOY’ brought the 20-year old into the spotlight earning him the ‘Next Rated Award’ at the Headies 2010.
In the year 2012, he signed an endorsement deal that was said to be worth #350,000 with Pepsi. In the year 2013, he signed an endorsement deal with MTN in May and with Guinness in October.
In the year 2015, he was said to have abandoned MTN for a 128 million naira deal with GLO Telecommunication company.
As at 2016, Wizkid was no longer a local champion; his collaboration with Drake on the song ‘One Dance’ that became a global hit brought him into a brighter spotlight.
Hmm, that lighted his path to the list of top 10 richest musicians in Africa. The song also earned him entry into the Guinness book of world records 2018 as the first Afro beats artist.
Wizkid was said to be the first ever Nigerian musician to have over 1 million followers on Twitter. He is one of the richest musicians in Nigeria.
Although not successful at completing his studies after failed attempts, he is successful at becoming the fourth richest musician in Africa with a net worth of $12 million.
The father of 3 also owns a record label called Starboy Entertainment. The net worth of Wizkid shows he’s super rich and breaking grounds every day, you know what I mean right?
My One Big Starboy is one of the top 10 richest musicians in Nigeria.
More List of The Richest Musician In Africa and Their Worth
I’ve got more wealthy African musicians in this list. Next is Sarkodie
6. Sarkodie $7 million
- Full Name: Michael Onsusu Addo
- Birth Day: July 10, 1998
- Record label: Epic Records, Sarkcess Music
- Net worth: Estimated at $7 million
- Marital Status: Unknown
- Nationality: Ghana
Michael Onusu Addo was born on the 10th of July, 1988 in Tema, Ghana. He started his music career in the year 2007.
During one of his many rap battles, he met Duncan Williams, CEO of DuncWill Entertainment; who played a significant role in his music career.
His first single ‘Baby’ became an instant hit making that light spot him amongst other Ghanaian rappers. His rapperholic album earned him his first BET nomination.
Sarkodie, the 4th of 5 children, was ranked the 6th hottest African MC in the year 2014 by MTV Base and is ranked the 6th of the top 10 African musicians in the year by Forbes.
He became a brand ambassador for Samsung electronics in 2012. The year 2013, he signed an endorsement deal with Fan Milk. He launched his clothing line, Sark by Yas in April and Sarkodie Foundation in July of the year 2013.
He is the first Ghanaian musician to win the ‘Best International Act’ of BET Awards 2012. He also won the ‘Best Collaboration’ award at the Sound City MVP Awards 2018.
He is in partnership with Tigo Telecommunications. Sarkodie has a degree in graphic design from IPMC.
Though not on the chart of top richest musicians in Africa, he is the sixth on the list of top 10 richest musicians in Africa with a net worth of $7 million.
7. Tinashe $6 million
- Full Name: TInashe Jargenson Kachingwe
- Birth Day: February 6, 1993
- Record label: Mercury, MGM, Uni
- Net worth: Estimated at $6 million
- Marital Status: Unknown
- Nationality: South African
Tinashe Jorgenson Kachingwe was born on the 6th of February, 1993 to Zimbabwean professor Michael Kachingwe and his wife, Aimie Kachingwe in Lexington, Kentucky.
Tinashe and her family moved to Los Angeles in the year 2001. Upon early graduation from Crescenta Valley High School after a year of attendance, Tinashe pursued a full-time music career.
In the year 2007, she joined a girls-only group called The Stunners, 4 years later, the girls went their separate ways.
Tinashe is an actress, model, singer, dancer, and producer. Her role models in the music industry include Janet Jackson, Christaina Aguileira, Sade, Britney Spears, etc.
She produces mixtapes as she does not have a particular type of music genre. These mixtapes, ‘In case we die’, ‘Reverie’ and ‘Blackwater’ amongst others have attained high levels of success.
The female African musician is the seventh on among the richest musician in Africa with a net worth of $6 million.
8. P Square Net Worth $3.1 million
- Full Name: Peter Okoye & Paul Okoye
- Birth Day: November 18, 1981
- Record label: P Classic Records and Rude Boy Records
- Net worth: Estimated $1.8 million and $1.3 million
- Marital Status: Both married
- Nationality: Nigeria
P square is 8th on this list of top 10 richest musicians in Africa because they both have separated. Still, the name is a brand that can’t be excluded.
Peter and Paul Okoye were born on 18th November 1981 in Jos. They attended St. Murumba secondary school in Jos.
In 1999, the twins attended music school in order to develop their skills in the music industry, and they later further their education to study business administration at the University of Abuja.
Mr. P (Peter Okoye) net worth is estimated to be between $1.5 – $1.8 million dollars, while Paul Okoye (Rude Boy) net worth is estimated to be $1.3.
Read the latest p square net worth to learn more about the individual net worth of these two super talented Nigerian musicians.
9. Jidenna Songs Net Worth $1 million
- Full Name: Jidenna Theodore Mobisson
- Birth Day: May 4, 1985
- Net worth: Estimated at $1 million
- Marital Status: Unknown
- Nationality: Nigeria/USA
Jidenna Theodore Mobisson was born on the 4th of May, 1985 in Wisconsin to a white mother, Tama Mobisson and a Nigerian father, Oliver Mobissin.
He started his very early life in Nigeria until 1991, when he and his family had to run for their lives into the safe haven of the United States after a failed kidnap attempt.
He became fatherless at the age of 25. During high school days, he co-founded a rap group called Black Spadez, he and his crew released their first album as their final project at Milton Academy.
After he graduated from Standford University, he signed a deal with Wonderland Records. He sang the song titled ‘Classic Man’.
He won the award for ‘Best New Artist’ at the Soul Train Music Awards 2015. The classic man also won the awards for ‘Song of the Year’ and ‘Video of the Year’ at the Soul Train Music Awards 2015.
Jidenna is ranked the 8th according to Forbes top 10 richest musicians in Africa list with a net worth of $1 million.
10. Oliver Mtukudzi
- Full Name: Oliver Mtukudzi
- Birth Day: September 22, 1952
- Marital Status: Unknown
- Nationality: Zimbabwe
Apparently, Oliver Mtukudzi has not stopped playing his guitar because he is becoming an older version of himself.
The sexagenarian was born on the 22nd of September, 1952 in Highfield, Harare, Zimbabwe.
Oliver began performing at the age of 25 when he joined a band called Wagon Wheels. He has deep baritone voice with a huskiness that sets it apart.
This voice has carried him from the Zimbabwe stage to an international stage, earning him quite a number of fans, admirers across Africa.
The father of 5, grandfather of 2 is revered as the most renowned and internationally recognized cultural icon of all time in Zimbabwe.
He won the ‘Best African Male Artist and Life Achievement’ award of KORA Award 2003. He is ninth on the list of top ten richest musician in Africa.
Quick Facts About Forbes Richest Musician In Africa Till Date
The sound of percussion instruments, played by Mor Thiam, filled the air on the 16th of April, 1973 in St. Louis, Missouri as a dancer gave birth to a bouncing baby boy, the future richest musician in Africa.
The offspring of the musical family is named Aliaume Damala Badara Akon Thiam. In the year 1980, the whole family relocated to Union city, New Jersey although the story said he grew up in Senegal.
Although there is news of him spending his late twenties in a prison cell…I do not have concrete information, possibly when I meet him I will ask…lol.
Born into a musical family, it is no wonder Akon would follow a musical career. At the age of 30, his music career had a boost, thanks to connection.
Two months after Akon launched his clothing line, criticisms following a video; that showed Akon having feigned sex with a 15-year-old, prompted Verizon Wireless to remove ringtones that featured Akon’s songs.
Akon is a Muslim by religion and is said to be a fan of Chelsea club. He has a charity foundation, called the Konfidence Foundation, for underprivileged children in Africa.
The year 2010, Forbes ranked him 80th out of the Forbes celebrity 100. The following year, Akon was number 5 on the Forbes list of ’40 most powerful celebrities in Africa’.
Little did he know that in the next 7 years, he will be ranked the richest musician in Africa.
Here we are, the year; Akon holds the first position on the Forbes list of top ten richest musicians in Africa automatically announcing him as Forbes richest musician in Africa.
Who Is the Richest Musician In The World?
The world’s wealthiest musician is Andrew Lloyd Webber. He was born on the 22nd of March, 1948 in Kensington, London.
He is a theatre icon, an English composer, a British. He is the richest musician in the world with an estimated net worth of $1.2 billion.
But who is the richest musician in Nigeria?
I feel the answer to this is going to be so controversial so I’ve put together the latest list of the top 10 wealthy musicians in Nigeria and their net worth.
Top 10 Richest Musician In Africa (Summary)
And there you have my list of the richest musician in Africa according to Forbes list. These African artistes all paid the price for success.
I know there are controversies on this particular question of who the richest musician in Nigeria is, and while some of my readers cannot wait to read my opinion on the question, others have their answers already.
I have decided to engage my readers and read what they have to say instead of them reading what I have to say always.
So let me have your opinions on this question: who is the richest musician in Nigeria?