Who are Nigeria’s richest musicians at the moment? You can learn more about their music, successes, partnerships, vehicles, homes, and businesses right here in this article.
As seen by their consistently top-notch tunes and viral videos, Nigeria undoubtedly has an abundance of musical talent. Through their songs, their performance fees, endorsement deals, and their investments, they have been able to achieve financial success in their careers.
With that said, these are the ten richest musicians in Nigeria
Davido ( $70 million)
The wealthiest artist in Nigeria in 2023 is David Adeleke, better known by his stage name Davido. He has a net worth of 28 billion Naira ($70 million). Davido is also the first musician from Nigeria to play at a FIFA World Cup.
David has four studio albums and more than thirty-two songs to his belt. He has won a multitude of national and international music accolades. He is among the most popular musicians in the world, as well as in Nigeria and other parts of Africa.
He has signed a few successful musicians to his record company, including Mayorkun, Dremo, Peruzzi, and others.
The richest musician in Nigeria right now is Davido, who has a net worth of $70 million (N28 billion Naira).
He owns a fleet of cars some of which includes a Rolls Royce Cullinan 2019, Bentley Bentayga, Bentley Continental GT, Porsche Panamera Turbo S, Range Rover Sports, Range Rover SV Autobiography, Chevrolet Camaro GS, Mercedes G-Wagon, Mercedes-AMG GLS63, among others.
Wizkid ($66.6 Million)
Wizkid is the first Nigerian musician to sell out the famous O2 Arena in the UK, something other Nigerian musicians are yet to achieve.
He is one of the first artists to use well-known American musicians in his songs, such as Chris Brown, Beyonce, and Drake, and he has broken a lot of records since he began out at a very young age with his debut track, Holla at your dude.
Wizkid is currently ranked second on the Forbes list of the richest musicians in Nigeria with a net worth estimated at $66.6 million (N26.6 billion Naira).
His car collection includes a Lamborghini Urus, Porsche Panamera, Mercedes Benz, and a BMW X6 Crossover.
Don Jazzy ($66.1 Million)
A well-known music producer from Nigeria named Don Jazzy co-founded MO Hits Records and currently runs Mavins Records, one of the top ten biggest record labels in the nation.
He is undoubtedly one of the top 10 wealthiest musicians in Nigeria with a net worth of $66 million.
His record label has produced great singers like Wande Coal, Dbanj, Tiwa Savage, Johnny Drille, Korede Bello, and Ricardo Banks, and he has the guts to handle several other businesses.
His car collection includes; a Bentley Continental, Used Mercedes Benz E350, Cadillac Escalade, and a Porsche 911 Carrera.
Burna Boy ($65.3 Million)
One of the best-paid musicians in Nigeria is Burna Boy. Since his birth on July 2, 1991, he has released several albums.
African Artiste of the Year, Listener’s Choice, and Best Male MVP are among the four honors that Burna Boy received at the Sound City MVP Honours Festival. He also worked hard to earn his nomination for the 62nd Annual Grammy Awards.
Burna Boy is now the fourth richest singer on this list with an estimated net worth of $65.3 million (N26.1 billion Naira).
His car collection includes a Lexus Bentley, Mercedes Benz G Wagon, 2013 Ferrari 458 Italia, and Rolls Royce Down Convertible.
Mr P ($63.3 million)
In addition to working with Rick Ross, Dave Scott, Akon, and other artists, Peter has taken his music throughout the world alongside his twin, Paul Okoye. He has a net worth of $63.3 million and multiple sponsorship deals.
Mr P has amassed an astonishing net worth of $63.3 million (N25 billion Naira) after the release of “Get Squared,” a popular project in which he starred and performed. This makes him one of the wealthiest musicians in Nigeria.
Mr P owns a Jeep Wrangler, Bentley Mulsanne, 2 Ranger Rovers, Dodge Challenger, BMW X6, Porsche 718 Cayman, and a Mercedes AMG GL63.
2Face Idibia ($60.7 Million)
Before leaving the group to pursue a solo career, 2face started his career as a member of the Plantashun Boiz. He shot to fame around the world thanks to the hit song “African Queen.”
One of the many honours 2face has received is for Best International Collaboration for Rainbow ft. T-pain.
He is presently one of the wealthiest musicians in the nation, valued at 60.7 million dollars (N24.5 billion).
He owns a Toyota Land Cruiser Prado, Chevrolet Corvette Coupe, and a Ferrari Coupe.
Rude Boy ($60.2 million)
P-Square, which consists of Paul Okoye and his twin brother, is a well-known musical group. He goes by the stage names Kingrudy or Rudeboy.
He is Peter Okoye’s gifted twin, and the two of them became worldwide sensations. However, due to several misunderstandings between the two, they sadly parted ways.
Paul’s projected net worth as of 2023 is $60.2 million (N24 billion Naira).
His car collection includes; a Lamborghini Gallardo, Land Rover Range Rover, and a Rolls Royce Ghost.
D’banj ($30.1 million)
Dbanj, often referred to as “Bangalee,” “The Kokomaster,” “Eja Nla,” and “Mr. Endowed,” is one of the most well-known musicians in Nigeria. With the Nigerian Export-Import Bank (NEXIM), he started to serve as a brand ambassador in 2021.
Dbanj would rank as the eighth richest artist in Nigeria as of 2023 with an estimated net worth of about 30.1 million dollars (N12 billion naira).
Dbanj owns a Ferrari F430, Two Aston Martin Vantage, Bentley, Rolls-Royce Phantom, a Range Rover SUV, a Mercedes Benz AMG GT, and a Harley Davidson Bike.
Asa ($28.8 million)
One of the wealthiest musicians in Nigeria is Bukola Elemide, better known by her stage name Asa. She is a French-Nigerian singer-songwriter who found popularity with her first track, “Eye Adaba.”
She eagerly released her incredible album “Asa” in 2007, and in 2008, a panel of 19 music industry professionals in Paris selected her as the best new talent among ten singers or groups. This led to her being declared the winner of the French Constantin Award.
Asa has also been nominated for several categories, including “Best R&B/Pop Album,” “Best Alternative Song,” and “Best Vocal Performance (Female),” among others.
Asa ranks among the top ten wealthiest musicians in Nigeria with an estimated net worth of about $28.8 million (N11.52 billion Naira).
Flavor ($25 million)
In addition to being a musician, Chinedu Okoli aka Flavor is a multi-instrumentalist and songwriter who is proficient in playing the drums, guitar, and piano.
With his second album, “Uplifted,” Flavor made a name for himself as a significant artist in Nigeria. He has since released four albums: Blessed, Thankful, Ijele-The Traveller, and Awele.
Flavour Nnabani is now ranked as Nigeria’s 10th richest musician by net worth, with an estimated $25 million (10 billion Naira).
He owns cars such as the Lexus LX 570, BMW X6, Land Rover, and a Black Mercedes Benz G-Wagon.
Conclusion
That’s it for our wealthy musicians in Nigeria. Davido is the richest artist in Nigeria followed by Wizkid. Both musicians own a fleet of cars and even private jets in Nigeria.
That’s how wealthy they are. Other musicians like Burna Boy, 2Face, and Don Jazzy are equally wealthy. Maybe your favourite Nigerian musician may make it to the list soon, stay tuned!
