Top 10 Richest Musician in Nigeria 2024 (Ranked)

Are you curious to learn about the richest musicians in Nigeria? If yes, then you are in luck! In this article, we’ll delve into the financial success of Nigeria’s top musicians and uncover the top 10 wealthiest musicians in the country.

From their successful music careers to their business ventures, we’ll provide you with all the fascinating details about how these musicians have amassed their wealth.

So, get ready to learn about Nigeria’s most affluent musicians.

Top 10 Richest Musicians in Nigeria

1. Davido
2. Wizkid
3. Don Jazzy
4. Burna Boy
5. Olamide
6. Rudeboy (P square)
7. Timaya
8. 2face
9. Tiwa Savage
10. Yemi Alade

Top 10 Richest Musician in Nigeria 2024

Davido

David Adedeji Adeleke, known by his stage name Davido, is the wealthiest Nigerian musician on the list of richest musicians in Nigeria for 2024.

He is a gifted Nigerian musician, songwriter, and record label owner who has achieved remarkable success in the Afrobeat genre. Estimated to be worth $27 million, he is one of the wealthiest Nigerian artists.

Davido is a versatile artist and entrepreneur who earns revenue from various sources. His music, which includes album sales, single downloads, and streaming on platforms such as Spotify, Apple Music, and YouTube, significantly contributes to his income.

In addition, Davido’s father, Adeleke Adedeji, is a businessman and a very wealthy person. Adeleke Adedeji is the founder of Adeleke University.

Davido gained fame with his debut single, “Back When,” and the following hit “Dami Duro,” which propelled him into the spotlight, and since then he has gained a large following of fans.

Wizkid

Ayodeji Ibrahim Balogun, who is famously known as Wizkid, is a singer and songwriter from Nigeria. He was born on July 16, 1990, in Surulere, Lagos State, Nigeria.

In 2009, he gained fame with his first single, “Holla at Your Boy,” which became an instant sensation across Africa.

As of 2024, his Wizkid net worth is estimated to be $21 million, earned through a combination of his music releases, live performances, and business ventures.

Apart from his flourishing music career, Wizkid has also earned significant income from his brand endorsement deals. Some of the brands he endorses include Tecno, UBA, Ciroc, Pepsi, MTN, and others.

Don Jazzy

 Michael Collins Ajereh, whose stage name is Don Jazzy, is a Nigerian musician with a net worth estimated at $18.5 million. He was born on November 26, 1982, in Umuahia, Abia State, Nigeria.

Don Jazzy completed his secondary school education at Federal Government College in Lagos and went on to study Business Management at Ambrose Alli University in Edo State, Nigeria.

In 2004, he co-founded Mo’ Hits Records, which has since closed down, but he then established Mavin Records, which is now one of Nigeria’s largest record labels.

As a successful label boss in the music industry, Don Jazzy has multiple lucrative revenue streams that have contributed to his vast wealth over the years.

Burna Boy

Damian Ogulu, popularly known as Burna Boy is a talented Nigerian singer and songwriter who is very wealthy.

He is a highly skilled Nigerian singer and songwriter, who has amassed a considerable amount of wealth. His net worth is estimated to be around $17 million, making him one of the wealthiest musicians in Nigeria.

Burna Boy completed his secondary education at Corona Secondary School, which is situated in Ogun State, Nigeria. In addition, he pursued a degree in Media Technology from the University of Sussex for his tertiary education.

He has collaborated with various popular music artists such as Wizkid, Ed Sheeran, Chris Martin, Sam Smith, Jon Bellion, Jorja Smith, and Beyoncé. 

Olamide

Olamide’s whose real name is Olamide Gbenga Adedeji. He is a Nigerian Singer, rapper, and songwriter. Olamide is one of the richest musicians in Nigeria.

Olamide’s net worth is estimated to be over $15 million, a reflection of his enduring success in the industry. He has earned a substantial income from various sources throughout his career, but his music remains his primary source of income.

Olamide has been happily married to Adebunkunmi O. Adedeji for several years now, and they have two beautiful sons together.

Olamide has won several music awards during his music career and his music has been enjoyed by millions of fans around the world. His awards include 16 Headies Awards, 4 Nigeria Entertainment Awards, and 2 City People Entertainment Awards.

Rude boy (P square)

Rude Boy, formerly part of the music group ‘P Square’, is a talented songwriter, singer, and dancer. In 2019, he founded his own record label, “Fire Department Inc.” Rude Boy was part of the successful music group, P-Square, which charged up to 15 million NGN per performance.

Rude Boy is a proud owner of a luxurious home in Parkview Estate, Ikoyi, Lagos, Nigeria. He also possesses several exotic cars, including a Bentley Bentayga, a Lamborghini Aventador Roadster, and a Lamborghini Huracan, among others. Currently, he has an estimated net worth of 14.1 million USD.

Timaya

Timaya, a Nigerian singer and songwriter, is known for his unique blend of dancehall, reggae, and Afrobeat music. His full name is Inetimi Alfred Odon, and he is often referred to as the “Egberi Papa 1 of Bayelsa”. Timaya has made a remarkable impact on the music industry with his music.

The singer is the CEO and the founder of the Record Label called DM Records Limited, a music enterprise in Nigeria.

His net worth is $10.5 million, making him one of the richest musicians in Nigeria. So far, Timaya has won up to 4 Headies Awards, 1 Nigerian Music Award, 2 AFRIMMA Awards, and more.

2face

2Face Idibia, also called 2baba is one of the richest musicians in Nigeria. 2baba’s real name is Innocent Ujah Idibia, while his stage name used to be “2Face” also called “Tuface” but recently changed his name to 2baba.

He is a Nigerian music icon and one of the most influential figures in the country’s entertainment industry. Born Innocent Ujah Idibia on September 18, 1975, in Jos, Plateau State, Nigeria, he later adopted the stage name 2Baba.

2baba’s net worth has been estimated to be $9 million and he is one of the richest musicians in Nigeria.

Some of 2baba’s awards include; 1 MTV Europe Music Award, 5 Headies Awards, 1 Bet Award, 1 MOBO Award, 1 World Music Award, and much more.

Tiwa Savage

Tiwa Savage is one of Nigeria’s wealthiest female musicians, with an estimated net worth of $8 million. She was born on February 5, 1980, in Isale Eko and relocated to London at the age of 11 for her secondary school education.

Tiwa’s remarkable achievements in the music industry have made her one of the most influential artists in the music industry. She has received numerous awards for her musical talents, including African Muzik Magazine Awards, City People Entertainment Award, Channel O Music Awards, Nigeria Entertainment Awards, and many more.

Yemi Alade

Yemi Alade, a Nigerian singer, was born in Abia State, Nigeria, on March 13, 1989, to James Alade, a former police commissioner.

She attended primary and secondary school in Lagos before proceeding to the University of Lagos, where she studied Geography.

In 2014, Yemi Alade released her hit single ‘Johnny’ which gained massive popularity and dominated the music charts. The success of her music career, along with her endorsement deals, has contributed to her estimated net worth of $5 million.

Wrap Up

In conclusion, Nigeria has produced some of the wealthiest musicians in Africa. These musicians have achieved remarkable success through their music careers, business ventures, and endorsement deals.

From Davido to Wizkid, Burna Boy to Tiwa Savage, the top 10 richest musicians in Nigeria have amassed impressive wealth and continue to inspire the next generation of artists with their incredible success stories.