Do you love Nigerian music and musicians? If you answer yes then you should be interested in finding out the Richest Nigeria Musicians. This list was compiled using Forbes latest ranking and the information available on Wikipedia and other ranking institutions in the world; we have also found that some of the riches Nigeria musicians are among the richest musicians in the world.
With the way some of these Nigerian music artists show-off on different social media platforms, it is obvious they can be categorised among the richest musicians globally.
The figures of the networth are drawn from their recent endorsement deals, shows are the featured in, their investments etc.
Top 20 Richest Musicians In Nigeria List 2019
Wizkid, Ayodeji Ibrahim Balogun (N 9.8 billion)
Davido, David Adedeji Adeleke (N 9.2 billion)
Don Jazzy, Michael Ajereh Collin (N 8.7 billion)
Dbanj, Dapo Daniel Oyebanjo (N 6.2 billion)
Tu Face, Innocent Idibia (N 6.0 billion)
Peter Okoye, Mr. P (N 5.9 billion)
Paul Okoye, Rude Boy (N 5.8 billion)
Timaya, Enitimi Afred Odom (N 5.0 billion)
Flavour, Chinedu Okoli (N 3.7 billion)
Banky W., Olubankole Wellington (N 1.5 billion)
Richest Nigerian Musicians Ranking
- Wizkid (The Richest Musician in Nigeria)
Ayodeji Ibrahim Balogun, popularly known as ‘Wizkid’ can boast to be the richest Nigerian Music artisit due to his musical performances and endorsement deals with local and international brands.
The Nigerian singer, record proucer and songwriter started his musical career at the tender age of 11 and rose to prominence in 2010 with the release of the song “Holla at your boy”.
Wizkid has achieved recognitions locally and internationally and can also boast of numerous awards both home and abroad.
The talented musician is the brand ambassador for Vodka brand Ciroc and has customised Starboy Ciroc bottles.
His net worth is estimated at about N9.8 billion.
- Davido (Following Wizkid closely)
David Adedeji Adeleke, born on the 21st of November, 1992 and popularly known as Davido, is a Nigerian singer, songwriter and record producer.
Born in Atlanta Geogia in USA and raised in Lagos, Nigeria, came into limelight in 2011 with the release of “Dami Duro”, the second debut from his debut studio album “Omo Baba Olowo” in 2012.
Davido, who is one of the richest Nigerian musicians, is the founder and owner of DMW, a music recording outfit. The Omo baba olowo crooner has bagged several international and local awards due to his hardworking nature.
He has endorsement deals with Infinix Mobility, AXE Perfume, Travelbeta, amongst others. He net worth is put at about N9.2 billion
- Don Jazzy
Ace music producer, Michael Ajereh Collin, popularly known as Don Jazzy is the CEO of Mavin Records. He is a singer, songwriter and a producer.
Reports revealed that Mavin Records recently received millions of Dollars in investment from Kupanda Holdings to help it expand to Mavin Global.
Jazzy can be boasted as the third richest Nigerian act and one of the richest music producers in the whole of Africa. He is the brand ambassador for Scotch Whisky Johnnie Walker.
The outstanding producer’s net worth is valued to be around N8.7 billion.
Dapo Daniel Oyebanjo, popularly known as Dbanj, is a Nigerian singer and songwriter. Dbanj can be boasted as the best Nigerian entertainer due to is outstanding stage performances.
The DB Records boss is a brand ambassador to various multinational companies both home and abroad. He is the CEO of CREAM Platform, which was valued to be worth about USD100,000,000 by an American firm.
Dbanj is etimated to worth about N6.2 billion
Innocent Idibia, who is popularly known as 2Face or 2Baba, is a Nigerian singer, songwriter, record producer and an entrepreneur.
2Baba has received one MTV Europe Music Award, one World Music Award, five Headies Awards, four Channel O Music Awards and one BET Award, four MTV Africa Music Awards, one MOBO Award, one KORA Award and several nominations due to his amazing songs and outstanding musical performances.
2baba is a brand ambassador to many multinational brands locally and internationally due to his musical prowess.
The 43-year-old singer can be boasted as one of the richest Nigerian music acts as his net worth can be estimated to about N6 billion.
6, 7. Peter Okoye (Mr. P) and Paul Okoye (Rudeboy)
It’s been almost two years since Peter and Paul of Psquare split up due to uncertain reasons. Be for now, the duo used to be high up in the rankings of the richest Nigerian music stars as their net worth was calculated together.
However, after the split, Mr. P (Peter) had risen a little higher than Rudeboy (Paul) but non-the-less they are still doing well musically and making more money.
They are both brand ambassadors to several multinational brands across the country. The duo are estimated to worth about N5.9 billion and N5.8 billion respectively.
Nigerian dancehall entertainer, Enitimi Afred Odom, popularly known as Timaya can actually be boasted off as one of the richest musicians in Nigeria.
Timaya, DM Records boss, charges as high as N8 million to perform at any show or event across the country.
The Balance crooner has endorsement deals with GLO, Hennessy which worths millions of naira and several others.
Timaya’s net worth is estimated at N5 billion.
Highlife king, Flavour, is a Nigerian singer and talented songwriter. Chinedu Okoli, the ‘Ada Ada’ crooner hails from the eastern part of Nigeria.
Flavour is one of the busiest Nigerian music artists as he plays at least three to seven shows weekly with a high service charge.
He is the brand ambassador for Bullet Energy drink, Life Lager Beer and the list goes on. His estimated net worth is put at about N3.7 billion.
- Banky W
Olubankole Wellington, popularly known as Banky W, is a RnB Nigerian singer and songwriter. He is one of the most talented music artists we have in the whole of Africa.
The EME boss recently declared his interest in politics and had a run for the office of the Member of Lagos State House of Representatives for Eti-Osa Federal Constituency but lost his bid.
Banky W, who is married to a Nigerian actress, is a brand ambassador and brand influencer for many multinational companies across the country.
The talented singer’s net worth is put at N1.5 billion.
Reference: Leadership Newspaper Nigeria
Rise and Rise of Tu-Face
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