Top 10 Richest Musicians In Nigeria And Their Net Worth 2024

Who is the richest musicians in Nigeria ?, Nigeria called the Giant of Africa, isn’t rich in culture and diversity however also boasts a thriving song industry. Music has ended up a beneficial profession for plenty of talented artists, propelling them to outstanding heights of fulfillment and wealth. In this text, we can explore the top 10 richest musicians in Nigeria and delve into their net worth in 2024. From iconic names like Wizkid to rising stars like Olamide, those musicians have not most effectively captivated audiences with their tunes, however additionally accumulated large wealth through their expertise and enterprise ventures.

1. Wizkid

Legend Wizkid tops the list of Nigeria’s richest musicians. Born to Ayodeji Ibrahim Balogun with a staggering net worth of $30 million, Wizkid is undoubtedly number one among the richest musicians in Nigeria With his first hit titled “Holla At Your Boy” marked his breakthrough as a musician, and he has since returned back to the accomplished musician.

His influence has reached far beyond just the borders of Nigeria. He is the most streamed artist on Spotify—total listening figure: 5 billion—and at the same time, on Apple Music, counting to another 1 billion streams, among other feats of global recognition. He is credited with no less than knocking on certain doors, like working with Drake at a Grammy-nominated level when the song “One Dance” was released in 2016.

Wizkid is said to have risen to stardom due to his persistent zeal towards music. He started recording music when he was 11 years of age and formed a group, Glorious Five, before commencing with a solo career. In the year 2009, he signed for Banky W’s Empire Mates Entertainment (E.M.E), something that worsened his rise even more.

Besides his music, Wizkid is known for his flamboyant lifestyle. In 2022, he reportedly bought seven cars worth over a billion naira on one shopping spree. Again, in September of the same year, he broke another record by being the first African ever to perform at the biggest hip-hop festival in the world, Rolling Loud Toronto. With an appearance fee of $1 million, Wizkid may just be that guy who defines force majeure in music indeed.

2. Davido

Next on the list is Davido; his real name is David Adedeji Adeleke. With a net worth of $29 million, Davido has worked his way up the ladder of success through hard work and determination. Born into a great wealthy family, he would have lived on what his family had but no, instead, he wanted to make his name by himself in the industry of music.

Davido breakthrough single “Dami Duro” of his first studio album titled “Omo Baba Olowo.” This drew a fine line of his routes for the other successful bangers: “Gobe,” “Skelewu,” “Aye,” “If,” and “Fall.” His music is something that comes to so many people because it bestows the vibes across Nigeria and at large internationally.

Apart from the above musical achievements, Davido is also a big success in flamboyant living. He is paid a staggering $500,000 per show and has an automobile collection to the tune of ₦1.9 billion ($4 million). His place was realized as he became the first African musician to have his sold-out music concert at London’s O2 Arena in January 2019. This milestone put him on the map as one of Nigeria’s biggest stars.

3. Don Jazzy

Even though Don Jazzy is more known as a producer and not an artist, he cannot be ignored for the massive role in Nigerian music that he has played. Commonly known under the real name Michael Collins Ajereh, Don Jazzy’s net worth is $25 million. In 2004, Don Jazzy went into business with D’Banj and they founded Mo’ Hits Records which later turned out to be one of the most recording companies in Nigeria.

Along that line, in 2011, international stars Kanye West, Jay-Z, and Beyoncé recognized his talent. Such worldwide recognition only added to the man’s iconic status as the best musician in Nigeria. In 2012, he founded Mavin Records and persevered signing different musicians who had made a name for themselves inside the area, along with Tiwa Savage, Reekado Banks, Rema, and Ayra Starr.

Besides music, the musician has additionally diversified his interests through investments in several other sectors. His business ventures encompass generation, meals, and style, all of that have contributed to making a notable net really worth.  With that entrepreneurial spirit, the terrific success that Don Jazzy has made as a producer stays a kind of energy in the Nigerian song industry.

4. Burna Boy

Burna Boy, born Damini Ebunoluwa Ogulu, is worth $22 million. He was born into a family with intense musical roots, hence the musical talent of Burna Boy had indeed been nurtured right from birth. It was his mother, who managed the legendary Fela Kuti, who played an integral part in forming this path for the music great.

Burna Boy released his new single in 2012, “Like to Party,” and it has to be that track that one would call the changer of the game. In a matter of seconds, he was being called for his brand-new fusion sound and enticing the stage act. Again, much like contemporary WizKid, Burna Boy charges a million dollars for appearance fees, thus basking in some repute and demand in the music industry.

With this, in May 2022, Burna Boy became the first in history to perform live at the Kickoff Show of the UEFA Champions League Final. Undoubtedly, all these reached an audience estimated at over 700 million and yet other stamps laid upon his global conquest. The taste for everything luxury has widely been documented; he recently spent almost ₦2 billion on a diamond ring and other collections like cars.

5. 2Baba

2Baba reportedly has a net worth of $22.5 million. His real name is Innocent Ujah Idibia, and his musical journey kicked off back in college at the Institute of Management & Technology in Enugu. He first got accolades for the Plantashun Boiz group before leaving and going solo.

The song that rendered 2Baba globally famous is “African Queen,” recorded in 2004, which remains iconic and extremely attractive to any of the musician’s connoisseurs. Though he does not often release hit singles in later years, he still keeps making a lot of bucks thanks to endorsement deals with companies such as Campari, Guinness, Airtel, and Globacom, to mention but a few.

What sets 2Baba apart is his international appeal. He is the first Nigerian artist to have an international album appropriately priced for global markets. This showcases his ability to transcend borders and connect with a diverse audience.

6. Rude Boy

Rudeboy, whose real name is Peter Okoye, is another prominent name among the richest musicians in Nigeria. He received repute as one-1/2 of the P-Square duo, along with his twin brother, Paul Okoye. The duo commenced their musical journey by using acting covers of songs by means of artists like MC Hammer and Michael Jackson.

After the break up from P-Square, Rudeboy launched into a successful solo profession in 2017, releasing hit tracks like “Fire Fire” and “Nkenji Keke.” However, it changed into his tune “Reason With Me” which became a large hit, turning into the most-regarded video on YouTube in Africa in 2019, with over 189 million perspectives.

Rudeboy’s net worth stands at an outstanding $16 million, making him financially wealthier than his dual brother. His solo fulfillment showcases his individual skills and capacity to captivate audiences along with his particular style.

7. D’Banj

D’Banj, whose real name is Oladapo Daniel Oyebanjo, is another Nigerian musician who has made extensive strides in the industry. His first hit, “Tongolo”, was released in 2005 and marked the start of his musical journey. However, it was his song “Oliver Twist” in 2012 that catapulted him to worldwide fame, topping charts globally.

D’Banj is widely estimated to have a net worth of $14 million as of the payments he gets from his music sales, endorsements, and business deals He has worked with world-known musicians like Kanye West and Snoop Dogg, which added to his score as an international musician.

8. Timaya

Timaya, whose actual name is Inetimi Alfred Timaya Odon, is thought for his specific fusion of Nigerian pop, dancehall, hip-hop, and soca. He commenced his musical profession as a backup vocalist in Eedris Abdulkareem’s hip-hop institution and later went directly to release his debut unmarried, “Dem Mama,” stimulated with the aid of the 1999 ODI bloodbath.

Timaya’s debut album, “True Story,” released in 2006, acquired essential acclaim and paved the way for his fulfillment inside the track industry. His next albums, which include “Gift and Grace” (2008) and “De Rebirth,” completed both industrial success in Nigeria and worldwide reputation.

With a net worth of $14 million, Timaya has solidified his position as one of the richest musicians in Nigeria. His specific sound and capability to connect to audiences have contributed to his fulfillment inside the industry.

9. Mr. P

Mr. P is a Nigerian musician who came into the limelight alongside his brother as one of the duet pairs of P-Square. Mr. P is once again a musician who started his individual performance with the split of P-Square in 2017.

Mr. P is one of the biggest social media influencers in Nigeria; he’s among the best 10. He actually started his individual career after being under his twin brother, Paul, and subsequent major hits – “For My Head” and “Cool It Down” – made fans from all over the country fall in love with him.

Mr. P was also the boss of PClassic Label and was super determined to be working on grooming artists like Mr. P DJ Switch. He released his first-ever solo album in 2021 titled “The Prodigal,” featuring Tiwa Savage, Simi, and Wande Coal. As of the year 2024, Mr. P is among the ten richest musicians in Nigeria and is estimated to have around $12 million. Apart from fitting into all music industries, he is productive irrespective of the prevailing conditions.

10. Olamide

Olamide is a Nigerian rap musician who became noted for the very first smash hit he had in 2010. Often referred to as “King of The Streets,” Olamide built his name as one of the most successful rappers to come out from Nigeria.

That same year, in 2011, Olamide released his debut studio album, “Rapsodi,” acclaimed by critics and marking a unique rap style. He would go on to work with Wizkid, 9ice, and D’banj over the years further stamping his brand in the music fraternity.

In 2012, apart from his music career, he established the YBNL Nation record label and produced stars in Nigeria from several budding artists. His net worth is up to $10.5 million, being considered one of the richest musicians and the richest rapper in Nigeria.

Conclusion

The adventure of those top 10 richest musicians in Nigeria is a testament to their unwavering willpower and passion for the track. From their humble beginnings to their worldwide recognition, those artists have redefined the Nigerian track organisation and keep to inspire aspiring musicians. As we appear closer to the future, it is clear that the fulfilment tales of these musicians are some distance from over. With their immense skills and entrepreneurial ventures, they’re sure to reach even more heights. Nigeria’s tune industry is thriving, and those artists are at the leading edge, representing the US on a worldwide scale.

If you are a fan of Nigerian music or honesty respect the artistry and hard paintings that go into creating a track, keep an eye on these proficient people. Their net really worth may additionally continue to rise, but it is their effect on the tuning industry with the intention to surely go away a lasting legacy.

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