Who is the Richest Musician in Nigeria [2023/2024]

Who is the Richest Musician in Nigeria: On this page, we’ll talk in-depth about the Richest Musician in Nigeria in 2022–2023. Understanding this subject is somewhat necessary because it will increase your social awareness. Making money as a musician involves a lot of skills, effort, and hardworking, and it’s not as simple as it sounds. This implies that one must be wealthy a lot in the music industry to be considered one of the wealthiest musicians in Nigeria. Let’s get straight to the point and discuss who is the richest musician in Nigeria in 2022–2023. However, if you are among those who have been searching for the top 10 richest musicians in Nigeria 2023/2024, top 10 richest performers in Nigeria 2022 Forbes, who is the richest musician in Nigeria 2023/2024, who is the richest musician in Nigeria today, and other search queries regarding richest celebrity in Nigeria. Then, this article will satisfy your search intent.

Who is the Richest Musician in Nigeria introduction continues below

Moving forward, we are going to satisfy your search intent by providing you with the full information about the Richest Musician in Nigeria, and frequently asked questions. Without a question, the Nigerian music industry has gained recognition on a global scale. And as a result, musicians like Davido and Wizkid, who have utilized music to raise their net worth in 2022, are now receiving better remuneration.
One of the fastest-growing businesses in Nigeria is the music industry, which has been going on a worldwide streaming binge. Some of the most renowned musicians on the planet have come from this sector. The Nigerian-inspired Afro Beats genre, which enjoys widespread acclaim, has had a positive impact on how people view Africa and particularly Nigerian music.

Nigerian performers like Don Jazzy, Phyno, Olamide, Wizkid, Davido, and others are responsible for the industry’s success.

The top 10 wealthiest Nigerian musicians in 2022, as determined by Forbes, will be profiled in this article along with their lifestyle preferences. Some of the musicians who made it to our list of the richest musicians in 2021 and 2022 also made it to our list in 2022.

Top 10 Richest Musician in Nigeria 2023/2024

Check the list of top 10 richest musician in Nigeria 2023/2024;

Top 10 Richest Musician in Nigeria 2023/2024
Who is the Richest Musician in Nigeria


If you ask question like who is the richest musician in Nigeria? You should know Davido must be the first to discuss. David Adeleke, better known by his stage name Davido, is a billionaire’s son. He is a citizen of the United States by birth because he was born there in 1992.

Davido first gained notoriety for his song “Omo Baba Olowo,” which went on to become a smash hit. Since then, the gifted singer has created other songs that have amassed millions of YouTube views, endorsement deals, and much more.
Despite coming from a wealthy family, he has established himself in the music industry thanks to key hit songs including “Fall,” “Assurance,” “If,” and “Dami Duro.

Davido receives an average of 20 million views for each of his YouTube videos. Davido is contracted to Sony Records, a label that has previously housed Tiwa Savage, Tekno, and other artists. Chief Adeleke, one of Nigeria’s richest men, is Davido’s father.

The Afrobeat star is unquestionably one of Africa’s most well-known musicians. Davido made the Forbes Africa 30 Under 30 list in 2018 thanks to his financial expertise in the music industry. He is currently among the best-selling musicians both internationally and in Africa.

Under the DMW record company, he has signed a number of notable performers, including Mayorkun, Dremo, Peruzzi, and others.

Davido has received numerous honors since he became well-known, including BET and MTV awards. In addition, he has a number of endorsement deals with MTN and Guinness Nigeria, which have made him popular with other companies and improved his financial situation.

See Davido Net Worth [2023/2024 BREAKDOWN]

Who is the Richest Musician in Nigeria [2023/2024]
Who is the Richest Musician in Nigeria, top 10 richest musician in Nigeria 2022


Ayodeji Ibrahim Balogun, commonly known as star boy and whose record label goes by the same name, was born on July 16, 1990. He is one of the youngest musicians in Nigeria to achieve international acclaim.

According to statistics, Wizkid is the second-richest singer in Nigeria, with a staggering estimated net worth of $4 million as of 2022.

The father of two and afrobeat musician is the first Nigerian to sell out the 02 arena in London three days in a row.
Since the release of his debut track, Holla at your boy, he has shattered numerous records.
An accomplished singer, Wizkid has worked with international musicians like Drake, a Canadian rapper, on songs like “One Dance,” which broke the record for Spotify’s most-played song in 2016 and joined the Guinness Book of Records.
Brown Skin Girl, a song he co-wrote with Beyonce for her “Lion King: Gift” album, won the Grammy for Best Music Video.
His smash album “Made In Lagos” enjoyed phenomenal success in 2021, and his single “Essence,” which featured Tems, reached the top of the charts all over the world. Angelique Kidjo defeated Essence to win the Grammy for Best Global Song of the Year.

Since then, the multi-millionaire artist has continued to release songs that have dominated the entertainment business. Wizkid first gained attention when he released his popular song “Holla at Your Boy.

Check out Wizkid Net Worth [2023/2024 UPDATED] (1)

Don Jazzy

The third-richest artist in Nigeria is Michael Collins Ajereh, better known as Don Jazzy. The accomplished producer, label owner, and vocalist has plotted out his career in music and made a name for himself.

According to estimates, the CEO of Mavin Records, Don Jazzy, is reportedly worth an astounding $20 million, which has an impact on his preferences and way of life.

His musical career gained speed after he co-founded Mo-hits recordings with Oladapo Daniel Oyebanjo, better known as Dbanj.

With its main performers, Wande Coal, D’Prince, and Dr. Sid, Mo-Hits Records achieved success in the music industry.

However, things took a bad turn, and the Mo-hits group disbanded. Whatever the case, the end of Mo-hits marked the start of something more significant.

MAVIN RECORDS, the personal record label of Don Jazzy, was established on May 7, 2012.

With musicians like Ayra Starr, Rema, Crayon, Ladipoe, Magixx, Korede Bello, Johnny Drille, and others, the record company has experienced tremendous success.

The third spot will go to Don Jazzy, one of Nigeria’s most well-known musicians and a 1982 birth year. Don Jazzy, whose real name is Michael Collins Ajereh, has collaborated with a number of well-known artists, including D’Banj, Reekado Banks, Tiwa Savage, and many others. He also runs Mavin Records.

See Don Jazzy net Worth [2023/2024 UPDATED]


D’Banj was born on June 9th, 1980 in Kaduna, Northern Nigeria. We are aware that very few Nigerians are truly familiar with D’Banj’s real name, which is Oladapo Daniel Oyebanjo. He has received countless accolades and has six studio albums to his name. Most aspiring musicians still look up to him. His total assets are N6 billion.

Who is the Richest Musician in Nigeria 2023/2024


Burna Boy, real name Damini Ebunoluwa Ogulu, will be the fourth wealthiest artist in Nigeria in 2022 with a net worth of $20 million. He was among the list’s highest-paid musicians in 2021 and 2020.

One of the early pioneers of the Afrobeat genre internationally is the Grammy Award-winning singer, rapper, songwriter, and dancer. After releasing “Like to Party” from his debut album L.I.F.E. in 2012, the native of River state, Burna Boy, gained widespread recognition.

Burna Boy was named an Apple Music Up, Next artist between 2019 and 2022 and won Best International Act at the 2019 BET Awards. He received the African Artist of the Year award at the 2020 Vodafone Ghana Music Awards. Burna became the first Nigerian to receive consecutive Grammy nominations when his album Twice as Tall was nominated for the same category at the 63rd Annual Grammy Awards that same year.

Burna Boy is the first Nigerian solo artist to win the Best World Music Album Grammy Award at the 63rd Annual Grammy Awards in 2021.

Who is the Richest Musician in Nigeria 2023/2024


With an estimated combined net worth of $16 million, Peter and Paul Okoye are one of the wealthiest husband and wife teams in the nation. After forming their Psquare combo, the twin musicians rose to fame.

In Jos, Plateau State, in November 1981, Peter and Paul were born. They issued an album called “Last Nite” in 2003. Their “major break” was reportedly this album.

P-square was quite successful at the time and would charge up to 15 million naira for a performance.

They had already achieved an exceptional level in their music careers when their relationship soured and they decided to separate ways.

The Division and Restoration

They went by the aliases Mr. P and Rudeboy when they split up in 2016.

Their older brother Jude Okoye, often known as Engees, was at the center of their contentious breakup. He was reportedly fired from his position as their manager when they split up.

The pair reconciled to work on a song together last year after almost six years of conflict.

Who is the Richest Musician in Nigeria 2023/2024


Who is the Richest Musician in Nigeria [2023/2024]
Who is the Richest Musician in Nigeria, top 10 richest musician in Nigeria 2022

Olamide Adedeji, nicknamed Baddo Sneh, is projected to have a net worth of $15 million in 2022, making him the seventh-richest singer in Nigeria. On March 15th, 1989, Olamide was born in Bariga, Lagos State.
He is regarded as one of the most talented and prominent musicians from Nigeria. Olamide was the first Nigerian musician to negotiate an endorsement contract with the Ciroc brand, having won multiple awards both domestically and overseas.

Batifeori Maximilliano Adedeji is the gorgeous son of Olamide and Adebukunmi Aisha Suleman.

The native rapper is well known for singing primarily in his native Yoruba, a trait that has won him popularity in the streets.

Although Olamide today owns his record label YBNL Nation and produces musicians like Asake, Fireboy DML, Jayboi, and others, he first entered the music industry with the Coded Tunes label.

Olamide’s music became well-known in 2012 after the release of his single Eni Duro. Additionally, the 2011 release of his album Rapsodi helped him advance in the field.

After Rapsodi came YBNL, his second album, which had a few tracks that quickly gained him additional acclaim.

The singer of “Anifowose” has released almost 40 EPs in addition to 10 albums. In the Nigerian music industry, he has also won numerous accolades, including Best Indigenous Artist and Album of the Year.

He recently collaborated with street performer Portable on his song “Zazoo Zeh” in 2021. The song has won praise and admiration across the country.


The eighth-richest artist in Nigeria is Azubuike Nelson, alias Phyno, and is expected to have a net worth of $12 million by 2022. The Anambra state native’s high goal of becoming a doctor was ultimately eclipsed by his musical talent.

Since he started his music career in 2003, Phyno has also worked as a producer for well-known artists including Flavour, Timaya, Mr. Raw, and others.

Rapping in their native tongues is a trait shared by Phyno and Olamide Baddo. Additionally, they are close friends.

Awards given to Phyno include those for best song of the year and best collaboration.

Additionally, in the song “Doings,” he collaborated with Flavour, and in 2020, he will release the hit song “Highway” with DJ Kaywise.

See Phyno Net Worth 2023/2024 [UPDATED] (1)

Banky W

Banky W’s wealth

Olubankole Wellington, better known on stage as Banky W, was born in the United States of America in 1981, though his family moved to Nigeria when he was just 5 years old. However, because of his passion for learning, he returned to the US to complete his schooling.

Since he first began making music in roughly 2002, Banky W has created about 5 strong albums that have all dominated the entertainment industry.

2Baba (2Face)

Innocent Ujah Idibia, better known by his stage name 2baba, is one of the most well-known and prosperous musicians from Nigeria who has been active in the business for many years. Most aspiring musicians look to him as an example.
He started his career with the band Plantashun Boiz before going solo. The African Queen singer, who was signed to Kenni’s Music, published his debut studio album there under the name “African Queen.”

In 2004, the song “African Queen” launched him to fame. Since then, 2Face has continued to leave his imprint on the music business with singles like “Amaka,” “Oyi,” etc.

Seven children have been raised by 2face’s numerous baby mothers. But one thing we appreciate about him is that he is a skilled player.

He was also among the top 10 richest musicians in Nigeria in 2021 on our list.

2Face, a native of Benue State, has established himself as a legendary Afropop performer in Nigeria.

Additionally, he has received 70 honors, including those from the MTV Music Awards, Headies, and BET Awards.

Ikeja, Festac, Lagos Island, and the US are just a few of the exotic homes that 2Face is pleased to call his own. The singer of “Amaka” does a great job of keeping his array of vehicles to himself.

Owners of the Ferrari Coupe, Toyota Land Cruiser, and Chevrolet Corvette Coupe include 2Face Idibia. The cost of the vehicles was (142 million – 177 million).

Frequently Asked Questions about who is the Richest Musician in Nigeria

I’m sure you should have figured out who the richest musician in Nigeria is from the listed above. Nevertheless, we are still going to answer some questions regarding this. Let’s get started!

Who is the richest musician in Nigeria 2022?

Davido is the richest musician in Nigeria 2022, he has a $10 million net worth. He is a Nigerian-American With a substantial net worth estimated at $10 million, David Adeleke is the wealthiest musician in Nigeria in 2022.

Who is the richest between Wizkid and Davido 2022?

Davido will have more wealth than Wizkid by 2022. According to Forbes, Davido is the richest and highest-paid performer in Nigeria with an estimated net worth of $10 million. Wizkid, on the other hand, is thought to be worth  $4 Million. If you are still doubting about the

Davido is not shy about flaunting his money on social media. Davido is among the youngest Nigerians to own a Bombardier Global Express 6000 private jet. The cost of Davido’s private jet is roughly $62 million. Again, if you are still skepticism about Who is the Richest Musician in Nigeria, continue below. You will surely find you answer.

How many private jet Wizkid have?

Wizkid doesn’t have a private jet. One of the richest musicians in the history of Afrobeat is Wizkid. Wizkid shared a video of a private jet on Instagram in 2021. Since then, a lot of individuals think he owns a private jet. A private jet was chartered by Wizkid; he does not own one.

Who is the highest paid artist in Nigeria 2022?

Wizkid, also known as Balogun Ayodeji, is the best-paid musician in Nigeria. According to rumors, the African Starboy bills a minimum of $200,000 for each performance.

How much is Davido private jet?

Davido always flaunting his money on social media. Davido is among the youngest Nigerians to own a Bombardier Global Express 6000 private jet. The cost of Davido’s private jet is roughly $62 million. Again, if you are still about Who is the Richest Musician in Nigeria, this heading should clear your doubt.

Does Wizkid own a Lamborghini?

Yes, Wizkid has a Lamborghini. The Lamborghini Urus owned by Nigerian singer Wizkid is estimated to be valued close to $280,000. (N101 Million). In a video posted to his Instagram page, the pop star is seen testing out the vehicle.

How many jet does Davido father have?

The billionaire father of the well-known Nigerian artist Davido has added another private aircraft for long-haul travel. The extravagant cost of Mr. Adedeji Adeleke’s plane, a Bombardier Global Express 6000, was above $62 million, or around 333 million.

Which celebrity in Nigeria has private jet?

Davido seems to be able to display all of his wealth on social media for the world to see since he is the son of Nigerian billionaire Adedeji Adeleke. Davido is the youngest Nigerian to own a Bombardier Challenger 605 private jet. Davido’s own plane is about N9,733,500,000 in price.

Does Olamide own a private jet?

You might have assumed Olamide would also purchase a private jet. The musician, who leads numerous music charts in Nigeria and has millions of dollars in his bank account, does not appear to have a private plane, though. This means that Olamide Baddo do not have a private Jet.

Who is the Richest Musician in Nigeria 2023/2024

Who has the highest endorsement in Nigeria 2022?

One of the wealthiest musician in Nigeria is Wizkid. According to Forbes’ estimates of his net worth, which total $4 Million.The gifted musician increased his net worth in July 2019 after making official a mega-deal signing for United Bank for Africa (UBA) as their brand ambassador.

Top 10 richest musician in Nigeria 2023/2024

The top 10 richest musician in Nigeria are listed below;

  • Davido
  • Wizkid
  • Don Jazzy
  • BurnaBoy
  • D’Banj
  • Olamide
  • Psquare
  • Phyno
  • 2face
  • Banky W

Who is the richest musician in Nigeria today?

As have mentioned earlier, Davido is richest musician in Nigeria in 2022.

Who is the Richest Musician in Nigeria, Who is the richest musician in Nigeria today.

Who is the Richest Musician in Nigeria

Who is the Richest Musician in Nigeria, Who is the richest musician in Nigeria today.

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