Who Is The Richest Musician In Nigeria?

Young, rich and Nigerian

By  | May 03, 2022, 09:00 AM  | Top of The

The Nigerian music business is one of the fastest-growing in the continent, and it has produced many brilliant artists throughout the years. 

Nigeria boasts the top artists in Africa. It also has Africa's most renowned music business, with several top international performers performing there.

Timaya, Wizkid, 2face, P-Square, and many more came from humble beginnings, but their amazing careers in the music business have earned them international acclaim.

So who is the richest musician in Nigeria? Read on to find out.


Wizkid, whose real name is Ayodeji Ibrahim Balogun, used to be an ordinary lad who loved to sing and had enough aptitude and desire for music recording. On July 16th, 1990, he was born in Surulere, Lagos State.

In 2010, he rose to fame with the release of Holla at Your Boy, a single off his first album Superstar. He has now created three mega-hit albums and one compilation album, as well as collaborating with Drake on the popular single One Dance.

This song was included in the Guinness Book of World Records. As a result, Wizkid became the first Afrobeat artist to be mentioned in this book.

He also has a slew of endorsement agreements, including with Glo and Pepsi. Wizkid has a net worth of $30 million dollars.

Read Also: Who Is Oge Okoye

2 Face Baba

This is yet another musical great with a long and famous career in the Nigerian music industry.

2face started his career as a member of the Plantashun Boiz before leaving to pursue a solo career. "African Queen," his big hit, catapulted him into the worldwide limelight.

2face has received several accolades, including one for Best International Collaboration – Rainbow ft. T-pain.

He is currently worth $37 million (N14.8 billion naira), making him one of Nigeria's wealthiest artists.

Also Read: Zubby Michael's Relationships Broken Down


David Adeleke, well known by his stage name Davido, is said to be the second richest musician in Nigeria. Davido's net worth is believed to be over $19 million.

Davido was born in Atlanta, Georgia, to Dr. Adedeji Adeleke and his rich Nigerian family. His father is the CEO of Pacific Holdings Limited and the co-founder of Adeleke University in Osun state.

Davido's net worth is derived from his music and sponsorship initiatives, including the $78,296 MTN endorsement agreement, Guinness Nigeria, and Infinix mobile.

Davido also performs in local and international concerts, earning up to N10 million each performance in Nigeria and $30,000 per performance elsewhere.

Davido's net worth and riches are additionally boosted by his YouTube channel, which has had more than 663 million views since its inception.

Davido's Instagram account is also included. In fact, according to Hopper, each of Davido's Instagram posts is worth an estimated $91,100. In the global list of Instagram's Richest Celebrities, he is ranked number 29.

On October 30, 2011, Davido released his single "Dami Duro." Clarence filmed the track in Lagos, which he co-produced with Shizzi.

In January 2012, the song Dami Duro was released with an incredible video, and it quickly became the talk of the town, receiving widespread media attention.

Also Read: Most Hidden Facts About Destiny Etiko

Paul Okoye

Paul Okoye, better known by his stage name Rude Boy, is a Nigerian musician and Peter Okoye's younger brother. For almost a decade, Rude Boy has also worked as a dancer and a recording artist in the business.

He is married and has three children. His net worth is $16 million and he is one of the richest musicians in Nigeria.

Also Read: Who Is Genevieve Nnaji?

Don Jazzy

Don Jazzy is a famous Nigerian music producer who co-founded MO Hits Records and currently owns Mavins Records, one of the top ten biggest record companies in the nation.

He is a well-known businessman with extensive knowledge of Nigerian music.

His record label has produced great singers like Wande Coal, Tiwa Savage, Johnny Drille, Korede Bello, Ricardo Banks, and others, and he has the courage to handle numerous businesses.

Don Jazzy was invited to write beats for Kanye West's album, which included both Jay Z and his wife Beyoncé, due to his abilities as a world-class producer.

His net worth is projected to be 24.3 million dollars as of today, making him the fourth richest musician in Nigeria, at least according to our research parameters.

Also Read: Nigerian Celebrities That Are Cultists
Read more