[NEW!] Top 10 Richest Musician(s) In Nigeria 2025

Here’s the latest list of the top 10 richest musicians in Nigeria 2025. Yes, who’s the richest Nigerian singer?

According to Rapper Olamide Baddo, “if it’s not making then its definitely not making sense”.

Not quite long, we also gave a quick roundup about the top 10 richest football players in Nigeria, so you can check that out as well.

Music is life and many talented singers in Nigeria have made their mark. Talk about the expensive lifestyles and luxury living the flaunt, you’ll always want to know the richest.

In this article, we bring you the top ten richest Nigerian musicians and their net worth.

David Adeleke, A.K.A Davdio is the richest musician in Nigeria.

1. Davido Net Worth ($70 Million)

Davido who is often called OBO (Omo Baba Olowo) is the richest musician in Nigeria. 

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 purchased an 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 awards, Ghana music awards.

Davido has many luxurious cars which include Toyota land cruiser, Mercedes Benz (AMG series G-Glass), and many more.

With Davido’s net worth at $70 million, he can’t be able to compete with the top ten richest musicians in the world.

It is also always an argument about the richest between Davido and Wizkid. In reality, Davido is actually richer.

2. Wizkid’s Net Worth ($66.6)

On our list of the top 10 richest musicians in Nigeria and their net worth is Ayodeji Balogun Ibrahim, popularly known as Wizkid.

Born in 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 like Run Town, Drake, Wande Coal, and many more.

Wizkid owns many mansions and a lot of luxurious cars including BMW cars, Bentley, Mercedes, and many more.

He has signed many endorsements deals with brands like Pepsi and Glo which has earned him hundreds of millions including the biggest endorsement deals in Africa from the UBA Group.

Wizkid’s net worth is growing at a rapid rate and rising as he continues to break more grounds.

Having a net worth of $66.6 million in 2025,  he is 2nd in the list of top ten richest musician in Nigeria.

3. Burna Boy ($65 Million)

Burna Boy’s financial success results from a combination of his growing net worth and strategic business ventures. His income streams include music royalties, endorsement deals, and real estate investments.

As of today, Burna Boy’s estimated net worth is around $65 million. This wealth has steadily increased since his breakout in 2012. In earlier years, estimates hovered around $20 million.

His earnings have significantly grown thanks to streaming revenue and numerous hit songs. With platforms like Spotify and Apple Music, Burna Boy has capitalized on his global reach, resulting in substantial income.

Burna Boy’s efforts paid off when he won the Best Global Music Album category at the Grammy Awards with his album Twice as Tall. This victory was earned over notable projects by Antibalas (FU Chronicles), Bebel Gilberto (Agora), Anoushka Shankar (Love Letters), and Tinariwen (Amadjar). The win marks a significant milestone in Burna Boy’s career, securing his first Grammy after being nominated the previous year.

Additionally, he has made smart investments in real estate, further enhancing his portfolio and financial stability.

4. Don Jazzy Net worth ($55 Million)

Michael Collins Ajereh known as Don Jazzy or Don Baba J is also one of the top 10 richest musician in Nigeria.

He was born on 26th November 1982 and attended Federal Government College, Lagos.

He then proceeded to Ambrose Ali University.

Don Jazzy’s net worth has earned him a spot on this list. He 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.

5. Olamide Net Worth ($50 Million)

Here is another boss on the list of top 10 richest Nigerian musicians. Olamide Adedeji popularly called Badoo was born on the 15th of March 1989.

He attended both primary and secondary schools 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.

Before Olamide made it to this list, 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.

Olamide net worth is no joke. He has won numerous awards which include headies awards, MTV Base awards, and so on. With all these, Olamide must not be exempted from my top 10 richest musicians in Nigeria.

So, on our latest rankings of the top 10 richest musician in Nigeria, we’ve given the top five.

6. 2Face Idibia Net Worth ($45 Million)

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 N6 billion.

Also Read: Top 20 world’s richest pastors

Let’s see which of your favorite musicians made it to the top ten, as ranked below.

7. Tiwa Savage Net Worth ($40 Million)

Often hailed as the Queen of Afrobeats, she commands a significant presence with her melodic tunes and versatile style. Her career spans over a decade, solidifying her as a top figure in the industry.

Tiwa’s estimated net worth reaches impressive heights. Various reports estimate her wealth at about $40 million, showcasing her successful career in both music and business. In fact, she is one of the richest Nigerian musicians today.

Her musical journey began early, enriched by her move to London at age 11 and later to the United States, where she graduated from Berklee College of Music. This extensive experience has contributed to her unique sound and appeal.

Beyond music, Tiwa Savage diversifies her income through endorsements and business ventures. She has partnered with prominent brands including Nestle, MTN, and Pepsi. Additionally, her entrepreneurial spirit shines through her record label, Studio Brat.

8. Timaya Net Worth ($40 Million)

Entimi Alfred Odom popularly known as Timaya, has also made it coming in 8th behind Tiwa Savage.

He was born on November 2, 1980. Timaya is a Nigerian singer and songwriter, and he is the CEO of the 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 $40 million.

9. Phyno Net Worth ($30 Million)

Chibuzor Nelson Azubuike, popularly known as Phyno, is a renowned Nigerian rapper, singer, songwriter, and record producer celebrated for his unique blend of indigenous Igbo rap and mainstream appeal.

Net Worth: Phyno’s net worth is estimated to be around $30 million, positioning him among Nigeria’s wealthiest musicians.

Sources of Wealth:

• Music Career: Phyno’s success stems from his music, with hit albums like No Guts No Glory and The Playmaker, featuring popular tracks such as “Fada Fada” and “Connect.”
• Endorsements: He has secured lucrative deals with brands like Nairabet, Monster Energy, and Nigerian Breweries, significantly contributing to his income. KashGain
• Investments: Phyno has diversified his portfolio with investments in real estate, further enhancing his financial standing.

Achievements: Phyno has received numerous awards and nominations, solidifying his status as a key figure in the Nigerian music industry.

Related: Top 15 Nigerian Nollywood actresses

10. Flavor Net Worth ($28 Million)

Flavour N’abania, born Chinedu Okoli on November 23, 1983, in Enugu State, Nigeria, is a renowned Nigerian singer, songwriter, and multi-instrumentalist celebrated for his unique blend of highlife and contemporary Afrobeat rhythms.

He began his musical journey as a drummer in his local church before rising to prominence with hits like “Nwa Baby (Ashawo Remix)” and “Ada Ada,” which have garnered international acclaim.

Flavour’s net worth is estimated at $28 million, positioning him among Nigeria’s wealthiest musicians.

Intel Region His income streams include music sales, live performances, brand endorsements, and investments in real estate. Flavour owns luxurious properties in Nigeria and a collection of high-end automobiles, reflecting his success in the entertainment industry.

Beyond his musical achievements, Flavour is known for his philanthropic endeavors, particularly in supporting physically challenged individuals and his community. His dedication to his craft and his cultural heritage continues to inspire many across Africa and the globe.

Top 10 Richest Musicians In Nigeria (Summary)

• #1. Davido – $70 Million
• #2. Wizkid – $66.6 Million
• #3. Burna Boy – $65 Million
• #4. Don Jazzy – $55 Million
• #5. Olamide – $50 Million
• #6. 2Baba (2Face Idibia) – $45 Million
• #7. Tiwa Savage – $40 Million
• #8. Timaya – $40 Million
• #9. Phyno – $30 Million
• #10. Flavour – $28 Million

That’s it for the top 10 richest musicians in Nigeria. 

Let us know what you think in the comment box, and don’t forget to like, and share this post.