Top 30 Richest Musicians in Nigeria 2022 and Their Net Worth
– Richest Musicians in Nigeria –
Would you like to know about the top 30 richest musicians in Nigeria and their net worth? Well, you are in the right place. The Nigerian music industry is one of the fastest-growing industries in the country. It has produced amazing singers over the years.
All we did was to check their individual net worth, calculated the amassed wealth, show performance charges, endorsements, and probable investments by each of these artists.
Take your time and read through.
Below is the list of the top 30 richest Nigerian musicians for the year.
1. Davido: Net Worth $45 million
David is without a doubt Nigeria’s wealthiest musician. He grabbed the music world by storm, releasing catchy tunes. “Omo baba Olowo,” a song that went viral in Africa. It was also the song that catapulted him to fame.
Because of his upbringing, Davido is a wealthy superstar with residences, automobiles, and a slew of investments. He also works for his father’s company as a director.
Davido’s net worth is estimated to be at $45 million.
2. Wizkid: Net Worth $38 million
Wizkid is Nigeria’s second-richest musician this year. Ayodeji Ibrahim Balogun is Wizkid’s true name. He was just named one of Africa’s wealthiest celebrities by Forbes magazine.
Wizkid is the CEO and founder of the Starboy record label. He is a multi-award-winning artist who is well-known not only in Nigeria but around the world.
Wizkid has automobiles, residences in many countries, and a variety of other investments, businesses, and properties. His net worth is believed to be $38 million dollars.
3. Don Jazzy: Net Worth $35 million
Don Jazzy is the richest record producer in Nigeria and the CEO of Mavin Records. In 2004, he co-founded Mo’ Hits Records, which produced superstars such as D’Banj, Wande Coal, and others.
Michael Collins Ajereh is Don Jazzy’s real name. He is said to charge around 500,000 naira or more for a song that outlines how he makes money.
Don Jazzy owns three properties in Lagos: one in Lekki, one in Banana Island, Lagos, and one in Los Angeles, California. We believe his net worth to be $35 million.
4. Burna Boy: Net Worth $17 million
Burna Boy, whose real name is Damini Ogulu, is a prominent Nigerian musician and songwriter. Like to Party, a song he released in 2012, catapulted him to prominence. The singer inked a deal with Bad Habit/Atlantic Records in 2017.
The singer’s net worth is currently estimated at $17 million. His income comes from the sale of music, endorsement deals, and other investments. He is one of the richest musicians in Nigeria.
5. D’banj: Net Worth $13.5 million
D’banj’s Nigerian hit songs are always fantastic; a singer with such a polarizing fan following will undoubtedly survive in the industry. Daniel Oyebanjo Oladapo is his real name.
He is another of Nigeria’s wealthiest musicians, having amassed fortunes through his musical career and other investments. We recently assessed him at $27.5 million, making him one of Nigeria’s wealthiest musicians in 2022.
6. 2Face Idibia: Net Worth $13 million
2face, whose real name is Innocent Ujah Idibia, is one of the top male vocalists in the country right now. He was a member of the disbanded Plantashun Boiz and was the wealthiest musician in Nigeria.
The music legend has produced blockbuster songs that have sold worldwide and topped the charts. He also has multi-million dollar sponsorship deals with key organizations in the country. We estimated his net worth to be over $22 million.
7. Olamide: Net Worth $10.5 million
Olamide Adedeji, better known by his stage name Badhoo or Olamide is a singer, and the founder and CEO of YBNL Nation. YBNL a prominent music record company.
In 2022, we expected him to be the richest rapper in the world. Olamide charges between 2 million and 4 million naira every show, besides the two filling stations and various properties he owns across the country.
Olamide’s net worth is estimated to be $10.5 million at the moment.
8: Mr. Flavour: Net Worth $10.2 million
Flavour N’abania is the stage name of Chinedu Okoli, a Nigerian singer, multi-instrumentalist, and performer. In Enugu state, he began his musical career as a drummer for a small church.
The singer’s net worth is reported to be $10.2 million dollars. He has a lot of investments in Nigeria’s southern and eastern regions.
9. Phyno: Net Worth $10 million
Azubuike Nelson Chibuzor is his real name. He is the country’s second best rapper, rapping and singing fluently in both Igbo and English.
Phyno has created a reputation for himself in the music industry as a top musician and star, besides earning a slew of prizes. He has created a brand for himself through his music that distinguishes him from other rappers.
Phyno, like Olamide, put his money into fashion, real estate, and other ventures. They report his net worth to be in the tens of millions of dollars.
10. P-Square: Net Worth $10 Million
P-Square is still considered one of Nigeria’s wealthiest musicians. Peter and Paul Okoye are twin brothers who performed together as singers and dancers. Their records were recorded and distributed by Square Records, which was run by their elder brother, Jude Engees.
However, P-Square is believed to demand a staggering 8 million naira each event. They made a lot of money and won a lot of honors. They have additional investments that are not made public, aside from dancing and singing during shows.
Below are some of the richest musicians in Nigeria
11. Banky W: Net Worth $9 Million
Banky W’s net worth has ranked him among Nigeria’s top 30 richest musicians for the past three years and counting.
He is a Nigerian singer, composer, and rapper who recently made his acting debut in Nollywood’s biggest film, “The Wedding Party.” “Made for You,” one of his most recent singles, was used as the soundtrack for the film.
Banky is a dual citizen, born in the United States and descended from Nigerians.He and Sasha P became the first official Samsung electronics ambassadors in Nigeria. He’s also a Ciroc ultra-premium vodka brand ambassador. Banky W has a net worth of $9.0 million.
12. Timaya: Net Worth $8.5 Million
Timaya, whose real name is Inetimi Timaya Odon, is a Nigerian singer and songwriter. Dem Mama Records Limited is his company.
His solo career began in 2005 with the publication of his first single, “Dem Mama,”. They also featured this on his debut album, True Story, which was released the following year. In 2008, he published his second album, Gift and Grace.
Timaya is a Nigerian music A-lister who has spent over a decade in the industry. He has also landed several lucrative endorsement deals. We report the singer to have a net worth of $8.5 million.
13. M.I Agba: Net Worth $8 Million
M.I Abaga, whose real name is Jude Abaga, was born on October 4, 1981, in Jos, Plateau State, to Mr and Mrs Abaga.
He is from Takum, Taraba State, Nigeria, and is of Jukum origin. Jesse Jagz, who is also a hot cake in the Nigerian music scene, and Jason Abaga are his younger siblings. Because he was born and raised in Jos, M.I spoke Hausa fluently.
He has an estimated net worth of $8 million.
14. Tiwa Savage Net Worth $7 Million
Tiwatope Savage, often known as Tiwa Savage or mummy Jam Jam, is a Nigerian singer, composer, and actor. She was born in Isale Eko on February 5, 1980, and moved to London for her secondary school education when she was 11 years old.
She worked as a backup vocalist for musicians like George Michael and Mary J. Blige in the United States.
Tiwa Savage has been in a few foreign programs and is a brand ambassador for Nestle Maggi chicken cubes, Forte Oil, Pepsi, and Konga, among others. Tiwa Savage has a net worth of $7 billion, making her the richest female musician in Nigeria.
15. Patoranking: Net Worth $6.5 Million
Patoranking is a Nigerian reggae-dancehall singer and composer who goes by the stage name Patrick Nnaemeka Okorie. He was born on May 27, 1990, and nurtured in the small community of Ijegun-Egba. He is from Onicha, Ebonyi State.
According to Forbes, Patoranking’s estimated net worth is $6.5 million, based on his income, cars, and lifestyle.
16. Kcee: Net Worth $4.5 Million
Kcee (Kingsley Chinweike Okonkwo) is a Nigerian singer and composer and a fashion icon. He was born on April 18, 1979, in Ajegunle, Lagos State, Nigeria’s western region.
He is originally from Uli, a tiny town in Anambra State, Nigeria’s eastern region, which he visits from time to time.
Kcee has been in the entertainment industry for a long time and has paid his dues. In his career, he has signed a few endorsement deals, and we reported his net worth to be around $4.5 million.
17. Falz Net Worth: $4.1 Million
Falz is a Nigerian rapper, singer, and actor who goes by the stage name Folarin Falana. On October 27th, 1990, he was born. He began his professional career as a musician in 2009. This was after founding a group named “The School Boys” with a friend while still in secondary school.
Falz was born in Lagos’ Mushin local government area to Femi and Funmi Falana, prominent lawyers and human rights campaigners. After graduating from the Nigerian Law School in Abuja.
Falz’s net worth is reported to be around $4.1 million. He has a slew of noteworthy endorsements, including Hennessy, MTN, as well as a sizable record collection.
18. Duncan Mighty Net Worth: $4 million
Duncan Wene Mighty, also known as Duncan Wene Mighty, was born on October 28, 1983. He went to school to study audio engineering.
He worked as a sound instructor for Benson and Hedges during his Youth Service. Duncan is a well-known musician with clout across the country.
As a result, the United Nations recognized him as a peace ambassador. Duncan has a net worth of $3 million, making him one of Nigeria’s top 30 musicians. Duncan is a vehicle enthusiast who never misses an opportunity to show off his prized possessions.
19. Tekno Net Worth $2.1 million
Augustine Miles Kelechi, commonly known as Slim Daddy, Alhaji Tekno, and Tekno, is a Nigerian singer, songwriter, and record producer. He is from Ebonyi State, Nigeria’s Ivo Local Government Area. He was born in the Nigerian state of Bauchi to a family of six, five boys and one girl.
In 2022 Tekno net worth is estimated at $2.1million which earned him a spot in the top 20 richest music artists in Nigeria, he signed an endorsement deal as one of the MTN Nigeria Ambassador, which is worth Eighteen Million Naira (₦18, 000000) In 2016, the superstar also signed a $1.7 million record deal with Sony Music, as well as a slew of other undisclosed endorsement deals.
Other Richest Musicians in Nigeria
Other richest Musicians in Nigeria are below;
20. Mr Eazi Net Worth $1.8 million
Mr Eazi is the stage name of Oluwatosin Ajibade, a Nigerian singer, composer, and entrepreneur. He is the creator of Banku music, a fusion of Ghanaian highlife and Nigerian chord progressions and rhythms.
Mr. Eazi’s music is primarily classified as Afrobeats, a modern West African pop genre that combines worldwide pop, highlife, and hip-hop.
Mr. Eazi has a net worth of more than $1.8 million. Concerts and performances provide most his income. His career in the music industry has brought him a fair deal of wealth.
21. Kizz Daniel: Net Worth $1.5 million
Oluwatobiloba is Kizz Daniel’s real name. Daniel Anidugbe was born in Abeokuta, Ogun State, Nigeria, on May 1st, 1994. The outstanding artist began his career as Kiss Daniel. But, later changed his stage name in 2018 owing to a public contract disagreement with his former company.
Kizz Daniel is one of Nigeria’s wealthiest musicians who has dedicated his life to making wonderful music. He has always found innovative ways to promote his music around the world.
He inked a multi-million-naira endorsement contract with Hennessey in 2017, which was his first endorsement. Kizz Daniel, the CEO of Fly Boy Inc Records, reaps significant profits from his record label.
Kizz Daniel has a net worth of around 1.5 million dollars.
22. Iyanya Net Worth $1.5 Million
Iyanya’s net worth is in the top 30 in Nigeria’s list of the richest musicians. The “kukere” master, as he is affectionately known, is a musician who has added spice to the Nigerian music.
What exactly did he do? He combined the rhythmical dancing moves of his culture into the smash track from his second album. The name of the dance, “Etighi,” became a big deal in the music and choreographic worlds.
Iyanya’s net worth is estimated at $1.5 million in 2022. He is one of the richest musicians in Nigeria.
23. Yemi Alade Net Worth $1.4 Million
Yemi Eberechi Alade, better known by her stage name Yemi Alade, is a Nigerian Afropop singer and songwriter who was born on March 13, 1989. In 2009, she won the Peak Talent Show, and in 2014, her single “Johnny” paved the way for her. Her father was a Yoruba police commissioner, while her mother is of Igbo origin.
Yemi Alade’s current net worth is estimated to be $1.4 million. She is one of those Nigerian celebrities that rose to prominence by her own efforts.
Although, men currently dominated the entertainment industry, she has carved out a space for herself alongside her male rivals. Yemi’s fortune is being derived from the sales of her musical albums, tours, as well as a few sponsorship deals.
24. Chidinma Ekile: Net Worth $1.25 Million
Chidinma Ekile, often known as Miss Kedike, is a well-known Nigerian singer, composer, record producer, stage performer, and model. She was born on May 2, 1991, in Ketu, Lagos, Nigeria’s south-western region.
She is from Imo State in Nigeria’s south-eastern region, but she grew up in Lagos, where her parents now live. In Lagos, Nigeria, she completed both her primary and secondary school education.
Chidinma is currently one of Nigeria’s richest and most powerful female muscician, with a net worth of $1.25 million.
25. Ice Prince Net Worth $1.25 Million
Ice Prince was born in Minna, Niger State, on October 30, 1984. He attended St. Murumba College before moving on to the Science Tutorial College in Jos. At a young age, Ice Prince lost both of his parents.
He started producing Rap songs and performing them at social gatherings at his school in 1999. He began visiting recording facilities to record. Ice Pince started a group called “ECOMOG Squad,” however after a year, the band split.
The amazing rapper has a net worth of $5 million dollars. He has received many accolades, including the Ben Tv Award for Best Male Hip Hop Artist. Ice Prince is a sucker for high-end automobiles. His automotive collection includes a Bentley GT Coupe, a Range Rover Sport, and a Porsche Cayman.
26. Reminisce Net Worth $1.10 Million
Reminisce, also known as Alaga Ibile, hails from Ajilete, in the western Nigerian state of Ogun. He was born on January 26th in Kaduna, Nigeria.
Reminisce learned to rap by imitating rappers such as Nas, Jay Z, and Snoop Dogg. In 2006, he recorded his first studio single and a hardcore rap album at Coded Tunes.
However, the album was never released, so he opted to concentrate on his studies and finish his education. We estimate the value of his net worth to be $1. 10 million. He is one of Nigeria’s richest rappers.
27. 9ice Net Worth $1.08 Million
Alexander Abolore Adegbola Akande, better known by his stage name 9ice AKA Alapomeji, is a Nigerian singer and politician who was born on January 17th, 1980.
He grew up in Bariga, a Lagos suburb. 9ice has always wanted to be a singer, which led him to drop out of Lagos State University, where he was studying law. He is one of the richest musicians in Nigeria..
9ice has been in the music industry for over two decades and has signed sponsorship deals. He has also sold a lot of records during his career. He is one of Nigeria’s wealthiest and most influential artists, with a net worth of $1.08 Million.
28. Runtown Net Worth $1.5 Million
Douglas Jack Agu is a singer, songwriter, and producer who goes by the stage name Runtown. The musician was born in Enugu on August 19, 1989, but spent part of his childhood in Abuja and Lagos. This was where he completed his elementary education.
Runtown’s net worth is estimated to be $1.5 million at the moment. He has several lucrative endorsement deals, including one with Adidas, the world’s largest sports brand, for millions of Naira, and another with Nigerian telecommunications firm Telcos.
29. Harrysong Net Worth $1 Million
Harrison Tare Okiri, better known by his stage name Harrysong, is a Nigerian singer, composer, and instrumentalist. He rose to prominence following his tribute song to Nelson Mandela.
The song was one of the “Most Downloaded Caller Tune” of the time and earned him The Headies award in 2013.
Harrysong, perhaps one of Nigeria’s most brilliant singers and songwriters, has a net worth of $1 million and has sold a lot of records in his music career.
30. Small Doctor Net Worth $1 Million
Adekunle Temitope, better known as Small Doctor, was born on October 19, 1994, in Lagos, Nigeria. Despite growing up in a middle-class home. He also didn’t have any money to spend on himself.
Small Doctor, according to many who knew him, had always enjoyed music since he was a child. He spent most of his time listening to performers’ childhood recordings. And he judged how they performed in their music videos, as well as their styles, in those videos.
The net worth of Small Doctor is $1 million in 2022.
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