With the music industry getting bigger day by day, Nigerian musicians in the industry continues to break boundaries internationally and many want to know who is the Richest musician in Nigeria.
With lots of artistes making serious hits and successes, we can ask; who are the richest among them?
A lot of groundwork went on while compiling this list of the richest musician in Nigeria for 2019 and their net worth.
Below is a list of some of the factors considered in arriving at this list which contains the top 20 richest Nigerian musicians.
- known assets
- known liabilities
- record labels and record deals
- record label signees
- record and album sales
- company deals and brand ambassadorships
- social media page worth
- Number of years in the industry
- Public polls and opinions
- Show charges
- Immediate family net worth
- Number of hit songs and ring tone subscription popularity
- and many more
This list will be updated every month and also when there’s a major up or down in the career of each artiste on the list.
As promised above we keep up to date info about the top musicians on this list, so any significant change would be updated immediately.
Millions of music lovers want to know the top 10 richest musicians in Nigeria. and that’s because When we talk about talents in Nigeria, you’ll find many in the Nigerian music and entertainment industry.
Other Industries that makes more money is the gospel industries where Nigerian pastors rake in lots of money.
That’s why Fans of talented and popular artistes who rush to download latest Nigeria music, want to know the ratings of people like Dbanj, Davido, Wizkid, Don Jazzy, Tiwa Savage, Olamide, Kiss Daniel, etc.
These professional entertainers have at one point in time with their hit singles and albums reached the heart of Nigerians.
Truth be told, we all love music; from the lyrics to the beats, we listen to the producer’s creativity as it flows perfectly with the musician’s voice.
So, who is the richest musician in Nigeria? Which other stars are on this list of the top richest musician in Nigeria?
Who are the top 10 richest musicians in Nigeria 2019? Naija music is hot; an industry with many want-to-become celebrities hustling every day to make it to the top.
How much is their net worth? how did they get into music, what record labels are they in? What latest Nigerian songs have they featured in?
These and more are answered in this exclusive article.
While creating a melody that will thrill fans, Nigerian musicians try as much as possible to be at the top of their game.
Although they want to win the heart of their fans and get more fame, musicians of every genre in the Nigerian music industry want more deals and money on the other hand.
The area of concern of most fans of these celebrities is to see their favourite musician make the list of Forbes richest musician in Nigeria.
Not quite long, I gave a quick roundup about the top 10 richest football players in Nigeria, so you should check that out as well.
True, the money made by musicians is little compared to what football players make, still, there’s always a top list of the richest in any niche.
Music has always been an integral part of human life. Talented musicians use their gifts and abilities to release hit tracks, and songs to the admiration of their fans.
Who Is The Richest Musician In Nigeria 2019?
The question of who is the richest Nigerian music artist keeps popping up day after day, every hour on the hour. You know why?
Since music fans believe that Nigerian musicians are not left behind in the world music stage, they want to know if their favourite musician makes the list of top 10 richest Nigeria musician.
Musicians make their fortune from tracks releases, endorsements deals from notable organizations and personal investments.
So, who is the richest musician in Nigeria today?
ANSWER: Its Davido; The OBO is the richest with estimated N10 Billion Naira Net worth
We will give the latest and updated top 10 richest artistes in Nigeria and their net worth and this will be according to Forbes list of richest musicians and the analysis of their properties, deals, record labels and record sales.
Also, only one of these musicians made it to our list of top 10 best Naija rappers. You should check that out.
Forbes is generally known for giving reliable information due to its over one hundred years legacy.
Nigerian musicians always give their best so as to be among this list. Thus, this has given room for competition.
The Top Ten Richest Musician In Nigeria 2019 Forbes Net Worth Rating
Forbes richest musician in Nigeria based their information not on speculations but from top stakeholders and executives in the industry.
Still, it’s not so easy to accurately present a list of these Nigerian artistes because one can’t know every detail about how they make their money.
So let’s get started with the list of richest musician in Nigeria!
1. Davido Net Worth N10 Billion – Forbes Richest Musician In Nigeria
Davido who is often called OBO (Omo Baba Olowo) is one of the top 10 richest musicians in Nigeria. He is the only son of Dr. Deji Adeleke who is one of the wealthiest men in Nigeria.
Davido was born on 21st November 1992 and attended the British International School in Lagos and also studied business administration in the USA.
He is a Nigerian producer, Singer, songwriter, record producer. Davido is the co-owner of HKN music and he produced songs for Tiwa savage, Skales and Naeto C.
He presently runs his own record label name DMW(Davido music worldwide) which houses star artistes like Idowest, Peruzzi, Mayorkun and Dremo.
Also, he has collaborated with many notable superstars across the country. In 2012, he signed an endorsement deal with MTN and also an ambassador of Sony music.
This lover boy recently bought a private jet and also purchased a N45 million Porsche car for his girlfriend Chioma for her 23rd birthday and got an endorsement deal of N60 million for her. That is what we now call Assurance.
In fact, when he is in the mood, he stunned his fans on social media with different gifts. He has won numerous awards e.g. Nigerian entertainment awards, Nigerian music video award, Ghana music awards.
He has many luxurious cars which include Toyota land cruiser, Mercedes Benz (AMG series G-Glass) and many more.
With his worth, estimated to be N10 billion he must not be omitted from the list of top 10 richest musicians in Nigeria. Still, he has not been able to compete with the top ten richest musicians in the world.
You must check the most recent update about Davido net worth in dollars and Naira here in this post and see why he keeps staying on the list of richest Naija musicians.
It is always an argument about the richer of Wizkid and Davido. In reality, Davido is actually richer.
2. Wizkid Net Worth N8.5 Billion
On the list of top 10 richest musician in Nigeria is Ayodeji Balogun Ibrahim, popularly known as Wizkid.
Born 1990 and the only male child in his family.
He was 11 when he developed his passion for music and he got his inspiration from musicians like King Sunny Ade, and late Fela Anikulapo, and when he met Banky W his life changed.
Did you know that Wizkid’s formal stage name was “Lil Prinz” but in 2006, he changed his name to Wizkid.
Wizkid is the CEO of Star Boy records and has collaborated with notable superstars e.g Run town, Drake, Wande coal and many more.
Wizkid owns many mansions and lot of luxurious cars e.g BMW, Bentley Mercedes and many more.
Wizkid net worth is growing at a rapid rate and rising per show as he’s breaking more grounds.
Having a net worth of N8..5 billion in 2019 he made 2nd in it to the list of top 10 richest musicians in Nigeria.
3. Don Jazzy Net Worth N7.9 Billion
Michael Collins Ajereh known as Don Jazzy or Don Baba J has also made it to the list of top 10 richest musicians in Nigeria.
He was born on 26th November 1982 and attended Federal Government College, Lagos. He then proceeded to Ambrose Ali University.
Don Jazzy is a producer, Nigerian singer, songwriter and performer and the CEO of Marvin’s records.
He has produced many albums and singles for many artists in Nigeria and winning stars like Dbanj, Reekado Banks, Dija, and Korede Bello.
Apart from being a music producer his source of income also comes from different endorsement deals which include MTN and Loya milk.
He has won many awards which include Nigerian music award, city people entertainment award, headies award and many more.
His net worth according to Forbes is estimated to be N7.9 billion. But what is Don Jazzy net worth today? Read that to get a comprehensive answer.
4. Dbanj Net Worth N6.5 Billion
Oladapo Daniel Oyebanjo known as D banj who was born on 9th June 1980 in Zaria cannot be excluded from this list of top 10 richest musicians in Nigeria.
He was enrolled in the Nigerian military school and he proceeded to study mechanical engineering at Lagos state university.
This young billionaire has secured deals from numerous endorsement deals with heritage bank, energy drink known as power fist, and Sony. He is also an ambassador of Bank of Industry (BOI) and Globacom.
D banj charges over N6 million per show He has won many awards e.g. best collaboration and so on. His net-worth is N6.5 billion. So, he makes the list to the top 10 richest musicians in Nigeria.
I’m not done yet, here’s more..
5. P Square Net-Worth N6.0 Billion
Hmm… Another of the top ten. Peter Okoye and Paul Okoye are known as P square.
The duo and identical twins can never be left out when we are talking about the top 10 richest musicians in Nigeria.
They were born on the 18th of November, 1981 in Jos. They went to St. Murumba secondary school a small Catholic school in Jos and later joined school music and drama club.
In 1999, they went to the university of Abuja. They were both recording artist, performer and popular break dancers.
They both performed the album with artists like Sean Paul, Akon and Ginuwine.
They released music album as Get squared, Danger, Game over and many more.
Who does not know about any of these albums? They collaborated with 2face idibia, Frenzy, and J Martins.
Though, they have split last year due to some family issues, before they went their separate ways. They both signed many endorsement deals worth millions of Naira e.g globacom and so on.
Peter had endorsement deals with Kia motors, Olympic e.t.c that worth millions of naira and both of them have won many awards which include Nigerian magazine awards, city magazine, the headies, Kora awards and many more.
Based on the Forbes list of richest musicians in Nigeria, Peter’s worth is estimated to N5.8 billion while Paul’s net worth is N6.0 billion
But what is p square net worth today? Learn more about the individual net worth of Mr P and Rudeboy Net worth.
6. 2Face Worth N5.9 Billion
Also on 6th on the list of top 10 richest musician in Nigeria is Innocent Ujah Idibia whose stage name is known as 2Face or 2Baba. He is a record producer, songwriter, and Nigerian singer.
He was born on 18th September 1975 and he completed his secondary education in Markudi.
2Baba has a record label known as Hypertek entertainment. He charges close to N1.3 million per show.
Apart from music, 2Baba makes his money from endorsement deals. He has signed endorsement deals worth millions of naira.
For example, he signed deals with Glo, Campari, Guinness Nigeria, NAFDAC and also in 2010 he signed a deal with Airtel worth #20 million.
He also owns numerous cars and mansions worth hundreds of millions. 2face has won many awards which includes MTV Europe award, headies award e. t. c.
According to Forbes, his net worth is currently estimated to be N5.9 billion.
7. Timaya Net Worth N5.5 Billion
Entimi Alfred Odom popularly known as Timaya has also made it coming 7th behind 2face.
He was born on 2nd November 1980. Timaya is a Nigerian singer and songwriter and he is the CEO of DM Record label.
He has collaborated with Phyno, Terry G, K solo, Kefee, J.Martins and others. Timaya has endorsement deals worth millions with Glo and cognac brand Hennessy.
He has numerous mansions and luxurious cars that are worth hundreds of millions. In fact, for Timaya to show up or even perform at any event, the indigene of Bayelsa state charges 8 million Naira. His net worth is N5.5 billion.
8. Banky W Net Worth N3.5 Billion
Olubankole Wellington known as Banky W or Mr Capable was born in 1981 in the United States of America. He attended Corona primary school and he studied industrial engineering in New York.
Apart from music, the husband to the pretty actress Adesuwa is also into event host, acting and film production He is also the CEO of EME records. His albums include undeniable, Ebute Metta, Capable, etc.
He has signed many endorsement deals worth millions and he is a brand ambassador for many companies e.g Uber hail cab service provider and he is the first Nigerian celebrity to be awarded such honour.
Banky W is happily married to Adesua Etomi who has also made our list of top 15 Nigerian Nollywood actresses. You should check that out.
He was the first ambassador of Samsung electronics and endorsement of vodka brand Ciroc and 9mobile.
His worth which is estimated as N3.5 billion has also made him sit on 8th on the list of top 10 richest musicians in Nigeria 2019.
9. Olamide Badoo Net Worth N3.4 Billion
Here is another boss on the list of top 10 richest Nigerian musicians. Olamide Adedeji popularly called Badoo was born on 15th of March 1989.
He attended both primary and secondary school in Lagos and proceeded to Tai Solarin University of education to study mass communication.
He is the founder of popular music record Label YBNL. The group has produced stars such as Lil Kesh, Chinko Ekun and Adekunle Gold.
You know what? I urge you to check out a quick MUST-READ inspiring article on 5 business and life lessons you can learn from Olamide Badoo.
Before Olamide made it to the list of top ten richest musicians, he went from story to Glory, there’s a lot to learn in there.
He signed endorsement deals with Ciroc, Glo and Sterling bank that worth N30 million. He is also an ambassador of Etisalat. Check biography and net worth of Olamide in this latest post.
He has won numerous awards which include headies awards, MTV Base awards and so on. With all these, Olamide must not be exempted among my top 10 richest musician in Nigeria.
10. Flavour Net Worth N3 Billion
Also on my list of top 10 richest musician in Nigeria is this handsome man called Chinedu Okoli also known as Flavour N’abania. He was born on 23rd November 1983.
His first album which is N’abania was the first album that was released in 2010. Currently, his net worth is estimated as N3.0 billion.
He has many endorsements deals with many brands e.g bullet, hero beer and many more.
Flavour has won many awards which include the best music video of the year, MTV Africa music award and many more.
Although many people have argued that Olamide and Flavor are on the same level when it comes to their net worth, you can’t be so sure, isn’t it?
More Popular Singers that make the list of top 20 Richest Musicians In Nigeria 2019
We’ve got the top ten richest musicians right? Now, who are the remaining 10 musicians?
At this point, I’ve decided to add more top artistes to make this list a top 20 list of richest musicians.
His name is Chibuzor Nelson Azubuike. He has chosen Phyon as his stage name. He is a songwriter music producer and among the top fastest rappers in Nigeria.
He was born on 9th of October 1986 and he is a singer and record producer who started his musical career as a producer in 2003.
Known for his dope Igbo raps, Phyno has made it to the list of top 20 richest musicians in Nigeria with a net worth estimated at $2 million.
12. Tiwa Savage
Tiwatope Savage was born about 4 decades ago; 5th of February 1980 to be precise.
She’s a songwriter, performer, actress and lots more. At the tender age of 11, she went along with her parents to London and Lived in the United States at some point in time.
Her love for music can be traced back to when she was in High School as an active member of the School’s Orchestra band.
Going with the stage name – Tiwa Savage, she plunged into the Nigerian music market in 2010 with a hybrid form of hip hop dance.
As a member of the Mavin record label, she has also signed many endorsement deals as well and her net worth is $2 million.
Kingsley Chinweike Okonkwo, better known as Kcee, is a Nigerian singer and songwriter. He was formerly in the Hip Hop duo group called Kc Presh.
He currently has a record deal with Five Star Music. He worked with Del B, a record producer known for producing the song “Limpopo”
KCEE is a popular music artist, songwriter and singer who became famous after winning the Star Quest competition in 2012.
Apart from having a wealthy Brother – E-Money, Limpopo king has released several hit songs, he has signed endorsement deals with brands like Best, Air Peace Nigerian airline .
His net worth is estimated at $1.8 million
14. Yemi Alade
Yemi Eberechi was born in March 1989 in Abia state, Nigeria. In 2009 she gained popularity after winning the Peak Talent Show.
“Johnny” was her hit single. She has won many entertainment awards like BET Awards, MOBO Awards, YEM Awards, ELOY Awards, etc.
Her net worth is also said to be $1.8 million.
15. M.I Abaga
Another hip hop artist on the list of top 20 richest musicians in Nigeria is Jude Lemfani Abaga. Also known as Mr Incredible, he was born on 4th October 1981
He’s a singer, songwriter, rapper, record producer, and CEO of Chocolate City. He was nominated in the Best International Act at BET Awards 2010
He rose to fame in 2006 after he released Crowd mentality and became popular in his hometown Jos.
Over the years, M.I has achieved so much in the music and entertainment industry and his net worth is estimated to be $1.5 million
16. Dunkan Mighty
Another famous Nigerian recording artist and record producer is Dunkan Mighty.
In 2008, Dunkan Mighty released the first album ‘Koliwater,’ which greatly influenced the music industry.
‘Footprints’, ‘The Certificate’, ‘Ahamefuna’, ‘Grace and Talent’ are some of his albums while ‘Port Harcourt Boy’ with 2.8 million views on YouTube is one of his hit songs.
His other albums are ‘Footprints,’ ‘The Certificate,’ ‘Grace and Talent’ and ‘Ahamefuna.’ His hit songs are “Obianuju” and “Port Harcourt Boy” which collectively have 2.8 million views on YouTube.
Though not on the list of top 10 richest musician in Nigeria his total net worth is estimated at $1.2 million.
17. Chidinma Ekile
Born on 2nd of May 1991, Chidinma Ekile is the sixth of seven children, in Ketu, Kosofe, Lagos state.
Ms Kedike is originally from Imo – a southern-eastern state in Nigeria. She started singing at the age of 6 and joined the Church Choir at the age of 10.
Did you know that Chidinma confirmed that she was born blind but was able to regain eyesight after 16 days?
When she was about to write her Post UTME, she auditioned for the MTN Project Fame competition. She finally emerged the winner that year in 2010.
She has featured many artists like Flavour, Sound Sultan, Eldee, and many more.
Counterpart actresses also in the entertainment industry seems to make more money.
18. Tekno Miles
Augustine Miles Kelechi is another musician on this list of top richest Nigerian musicians.
He was born in December 1992 and popularly known by his stage name – Tekno.
Tekno is from Ebonyi State, though born in Bauchi into a family of 5 boys and a girl. Several parts of Nigeria has accommodated him while growing up due to the fact that his father was a member of the Nigerian army.
Tekno enrolled in a music school at age 8 where he learnt and mastered the piano and guitar.
His Song Duro gave him the opportunity to shine and he has kept the lights on up till date.
His net worth is $1.1 million
19. Kiss Daniel
Kiss Daniel was formally known as Kizz Daniel, This Nigerian recording artist and performer has been known for hist hit singles “Woju” and “Yeba”.
He graduated from the Fedeal University of Agriculture, Abeokuta where he studied Water Resources Management and Agrometeorology.
He started his music career professionally in 2013 and since then he has been making a wave in the industry.
Though, not on the list of top 10 richest musician in Nigeria, his net worth is $1 million
20. Reekado Banks
His real name is Ayoleyi Hanniel Solomon. Born on 6th December 1993. He hails from Ondo state southwestern Nigeria.
Reekado Banks started his music career professionally when his brother submitted some of his works for the mavin records online talent hunt.
Long story short, Reekado was picked and ever since then he has grown to even have his own record label – Banks Music.
His net worth is said to be $950,000
Top 10 Richest Musicians in Africa
Yes, I did some little digging about the richest musician in Africa. It’s someone you already know. When I say Lonely…. You know who it is.
Aliaume Damala Badara Thiam popularly known as Akon was born on April 16, 1973. He is a record producer and songwriter.
He is the founder and CEO of the record label Konlive and Konvict and signed Patrick Elis as the official video director of his Konvict Africa.
His earnings come from albums and endorsements deals. Akon has sold over 35 million albums worldwide.
He owns several real estates and extravagant cars which include Panamera, Roadster, Lamborghini Murcielago, Porsche, Spyker C8, and Ferrari 458.
He also has a radio station app available to download play store and apple. Another impressive thing about Akon is that he owns a diamond mine in South Africa.
He has won numerous awards including the Grammy award.
According to Forbes, his net worth is estimated at $80 million. Learn more about the top ten richest African musicians and their net worth here.
Wait! Are top artists in Nigeria as rich as Nigerian presidents? Check out our post on Nigeria president monthly salary and allowances.
Top 10 Richest Musician In Nigeria and their worth (Summary)
- Davido Net worth N10 Billion
- Wizkid Net worth N8.5 Billion
- Don Jazzy Net worth N7.9 Billion
- D Banj Net worth N6.5 Billion
- P square Net worth N6.0 Billion
- 2Baba Net worth N5.9 Billion
- Timaya Net worth N5.5 Billion
- Bany W Net worth N3.5 Billion
- Olamide Baddo Net worth N3.4 Billion
- Flavour Net worth N3 Billion
That’s it for the top 10 richest musician in Nigeria. There are a lot of talented artistes in our country and many of them have won awards and made great earnings, thanks to the diligence and hard work.
Yes, I caught you typing into Google “the top ten richest musician in Nigeria” so I provided this info.
Would you compare these musicians to the richest woman in Nigeria? Drop your comment and let’s have your opinion.
Anyway, hustlers are looking for ways to become celebs with the current BB Naija show going through the roof every year.
So tell us, what you think about our list of the top 10 richest musicians in Nigeria.