Top 10 richest musicians in Nigeria – The Entertainment Industry in Nigeria is by far the most successful industry in the country, with the music industry playing the greatest role. The Nigerian music industry has grown tremendously over the years, gaining both national and international accolades. With the music industry gaining global recognition, it’s no wonder why musicians are stacking up huge pay checks.
The Nigerian Music industry can be regarded as the fastest growing industry in the country, and the industry doesn’t seem to be slowing down any time soon. With the continuous rise of the Nigerian music industry, the number of millionaires musicians are also stacking up. In today’s post, we’ll be taking a survey of the top 10 richest musicians in Nigeria .
Top 10 Richest Musicians in Nigeria
| S/N | Musician | Net Worth |
| 1 | Davido | $45 Million |
| 2 | Wizkid | $38 Million |
| 3 | Don Jazzy | $35 Million |
| 4 | Burna Boy | $17 Million |
| 5 | D’banj | $13.5 Million |
| 6 | 2Face Idibia | $13 Million |
| 7 | Olamide | $10.5 Million |
| 8 | Mr. Flavour | $10.2 Million |
| 9 | Phyno | $10 Million |
| 10 | P-Square | $10 Million |
1. Davido (Net Worth $45 million)
David Adedeji Adeleke (Davido) is the Nigeria’s wealthiest musician with a whooping net worth of $45 million. He stormed the music industry with several hit songs, most especially “Omo Baba Olowo”, which went viral in Africa. Although, Davido has a wealthy background, but his achievements in the music industry has piloted him to a whole new level. Davido’s current net worth is estimated to be at $45 million.
2. Wizkid (Net Worth $38 million)
Coming in second place is Ayodeji Ibrahim Balogun (Wizkid). He was named as one of Africa’s wealthiest celebrities by Forbes magazine. Wizkid is the founder and CEO of Starboy record label. He has won multiple awards internationally, and has several business investment around the world. His current net worth is estimated to be $38 million dollars.
3. Don Jazzy (Net Worth $35 million)
Michael Collins Ajereh (Don Jazzy) is the wealthiest record producer in Nigeria and third richest musician in Nigeria. He is the co-founder of Mo’ Hits Records, and current CEO of Mavin Records. The renowned producer is said to charge N500,000 for a song.
4. Burna Boy: Net Worth $17 million
Damini Ogulu (Burna boy) is a popular musician and songwriter. He has won multiple awards internationally Including the Grammy awards in 2021. With several endorsement and business ventures, the musician has an estimated net worth of $17 million.
5. D’banj (Net Worth $13.5 million)
Daniel Oyebanjo Oladapo (D’banj) is a popular Nigerian musician with numerous hit songs. The musician amassed huge wealth from his music career and business investment, and current has a net worth of $13.5 million making him one of the richest musicians in Nigeria.
6. 2Face Idibia (Net Worth $13 million)
Innocent Ujah Idibia (2Face) is a Nigerian legend in the music industry. Started from a humble beginning and rose to the apex of music. He was once the richest musician in Nigeria with several endorsement and business ventures, but now sits at no. 6. His net worth is estimated to be $13 million.
7. Olamide (Net Worth $10.5 million)
Olamide Adedeji popularly known as Olamide or Badhoo is a popular Nigerian singer and CEO of YBNL Nation. The musician has won several awards nationally and internationally. Currently he charges between 2 million to 4 million for a single show. With several business ventures and endorsement, Olamide’s net worth is estimated to be $10.5 million.
8. Mr. Flavour (Net Worth $10.2 million)
Chinedu Okoli (Flavour N’abania) is a popular Nigerian musician from Enugu state. He began his career as a drummer for a church back in his home town and has grown to the international stage. The singer currently has numerous investment both in and out of the country. His current net worth is estimated to be $10.2 million.
9. Phyno (Net Worth $10 million)
Azubuike Nelson Chibuzor (Phyno) is a Nigerian rapper and songwriter. He made a name for himself in the music industry as a top musician and brand. He has several business ventures, real estates, and fashion brands. His net worth is currently estimated to be $10 million.
10. P-Square (Net Worth $10 Million)
Peter and Paul Okoye (P-Square) are popular Nigerian musicians. The two brothers have gained national and international recognitions, with several international awards and endorsement to their name. P-Square charges a whooping sum of N8 million for an event. They currently have a net worth of $10 million.