The Richest Musician in Nigeria as of 2021
You might have been asking yourself, these questions; “Who is the richest musician in Nigeria?”, Amongst all these flamboyant celebrities that are musicians in Nigeria, who is the richest amongst them?”, “Which Nigerian musician has the biggest net worth?” e.t.c. Worry no more, we are here to answer that question. We shall be looking at the top ten richest musicians in Nigeria, counting down from the top tenth richest until we get to the richest of them all. Sit tight and fasten your seatbelt as we travel this road.
10. Flavour ($9.5 million)
Flavour’s Biography and Net Worth
Chinedu Okoli, popularly known by a shortened form of his stage name, “Flavour” is a Nigerian musician who began as a church drummer. One of his most popular song, “Ada Ada” was nominated for the Best Music Video award at the year’s MTV Africa Music Awards in 2014. Some of his most popular albums include “Thankful”, “Uplifted” and “Blessed”. His current net worth is $9.5 million placing him at the tenth richest musician in Nigeria.
9. Peter Okoye and Paul Okoye ($10 million each)
P-Square’s Biography and Net Worth
We won’t be forgetting the former most popular Nigerian duo, “P-Square” created by Peter and Paul Okoye. The brothers take the ninth place in the “top ten richest musician in Nigeria” list and have the same net worth. Paul and Peter Okoye were born on November 18th, 1981 in Jos, Plateau State. The brothers created the extremely popular band, “P-Square” which was one of the most famous duos in the Nigerian music industry until they decided to go separate ways.
Paul Okoye(with the stage name, “Rudeboy”) now has a solo career(just like his brother). Peter(with the stage name, “Mr. P) is building a career on his own too and has a lot of lucrative deals with KIA Motors and Olympic Milk.
8. Timaya ($10.5 million)
Timaya’s Biography and Net Worth
This popular celebrity’s real name is Enitimi Alfred Odom, and he was born in Port Harcourt, Rivers State, on August 15th, 1980. He started his singing and songwriting career when he founded the music group, “Dem Mama Soldiers”.
In 2005, he began his solo career and released his debut album called “True Story”. It was followed by the next album “Gift and Grace” in 2008. He rose to international recognition after the release of his third studio album titled “De Rebirth”.
Today, Timaya has a total of six albums and a lot of singles. He is often called the “Dancehall King of Nigeria” because he is the most popular artist in this genre. He’s estimated to have the net worth of $10.5 million which places him as the eighth richest musician in Nigeria on our list.
7. Phyno ($11 million)
Phyno’s Biography and Net Worth
Azubuike Chibuzor Nelson popularly known by his stage name, “Phyno”(stylised form of the word, “phenomenal”) is a Nigerian hip-hop musician and producer. The singer is indeed a phenomenal personality because he has many talents and desires.
Popularly known for his rapping which usually comes in his local dialect, “Igbo” with a mix of English, Phyno has garnered quite a large fan base including on social media platforms.
He wanted to be a pilot, doctor, he played drums and piano, and at the same time could create his rendition of every recording he heard. Fortunately, he had chosen to become a musician, and it was the right choice that brought him $11 million, making him the seventh person on our “Richest Musician in Nigeria” list.
The musician started his career in 2003 and even moved to Lagos for his careers. He has also acted as a producer for such well-known stars as Flavour, Timaya, Mr Raw and several others.
6. Olamide ($12 million)
Olamide’s Biography and Net Worth
Olamide Adedeji is known in Nigeria as “Olamide”(his other nicknames are “Olamide Baddo” and “BaddoSneh”). He is a rising superstar of the Nigerian hip-hop music genre. The singer was born on March 15th, 1989, in Bariga, Lagos State. He is known for recording mostly in his local dialect, Yoruba.
His career blossomed in 2010 when he released his single “Eni Duro” and in 2011, his album “Rapsodi”. The successful album was followed by the second album “YBNL”, which featured a few hit singles that made Olamide popular in no time.
Today, he has seven studio albums and is featured on one compilation recording. He has many awards to his name.
Currently, Olamide’s current net worth is about $12 million making him the sixth person on our “Richest Musician in Nigeria” list. The rapper has three houses and several cars including a Mercedes-Benz G Class, Range Rover Sport, Range Rover V8 and Toyota Camry.
5. 2Baba ($16 million)
2Baba’s Biography and Net Worth
Ujah Idibia, who is better known under his stage names, “2Face” and “2Baba”, takes the fifth position on our list of “Richest Musician in Nigeria”. He was born on September 18th, 1975, in Jos. The singer’s career started from zero: he performed at schools, and then at universities. Moreover, he had to interrupt his own education to concentrate on his career.
He worked hard, and currently, is one of the best-known Afropop musicians. He has released six albums since 2004
In 2014, he changed his stage name from “2Face” to “2Baba”.
His musical compositions have brought him a number of awards like a BET Award, an MTV Europe Music Award, the Headies Award, and a net worth estimated at $16 million today making him the fifth richest musician in Nigeria.
4. Burna Boy ($17 million)
Burna Boy’s Biography and Net Worth
Damini Ogulu, commonly known as “Burna Boy” is a popular Nigerian afro-fusion musician and songwriter. His 2012 track, “Like to Party” propelled him to fame.
In 2017, the singer signed with Bad Habit/Atlantic Records. The singer’s net worth is currently estimated at $17 million making him the fourth person in our “Richest Musician in Nigeria” list.
His income comes from the sale of music, endorsement deals and other investments.
3. Don Jazzy ($18.5 million)
Don Jazzy’s Biography and Net Worth
Famous Nigerian producer and singer, Don Jazzy became rich and famous due to his musical talent, persistence, and ability to interact with people.
Michael Collins Ajereh(Don Jazzy’s real name) was born on November 26th, 1982 in Umuahia, Abia State. He is the founder of the label, “Mo’Hits Records”. It was founded due to the collaboration with D’Banj.
Don Jazzy and D’Banj stopped working together in 2012, he shortly afterwards announced that he created a new label called “Mavin Records” with the like of stars such as Dr SID, Tiwa Savage, Wande Coal, Reekado Banks, Korede Bello, Di’Ja, and many others.
Aside from singing and producing, he also has profitable contracts with such companies as MTN and Loya Milk. Don Jazzy net worth is estimated at $18.5 Million today, making him the third person on our “Richest Musician in Nigeria” list. He possesses property in the Banana Island and several cars like a Porsche Carrera and Bentley.
2. Davido ($19 Million)
Davido’s Biography and Net Worth
Davido is the second richest musician in Nigeria. Davido’s songs gather a crazy number of views on YouTube, and he has a lot of endorsement deals with companies such as AXE and Infinix Mobility.
Davido was born on November 21st, 1992 in Atlanta, the United States to Nigerian parents. This extremely popular young musician has a large fan base and has managed to earn for himself, an impressive $19 Million.
After the release of his debut record, “Omo Baba Olowo” which featured some hit singles, Davido gained prominence in Nigeria and Africa. Since then, he has released countless singles which have brought him popularity, money and international recognition.
He owns several houses of which one is located in the USA and also, several cars like a Porsche, Range Rover Sport and Chevrolet Camaro. So, here goes the second person in our “Richest Musician in Nigeria” list.
Viola!, We have gotten to the number 1 spot on the list. Before you see who the richest musician in Nigeria is, can you take a guess who it might be? Here it goes!
1. Wizkid ($20 Million)
Wizkid’s Biography and Net Worth
Ayodeji Ibrahim Balogun, better known by his stage name, “Wizkid” was just a simple boy who adored singing and had enough talent and passion for music recording. He was born in Surulere in Lagos State, on July 16th, 1990.
He released a collaboration album at the age of 11 with the group “Glorious Five” which was formed by him and his friends in a church. He is also known as “StarBoy” and “Lil Prinz”.
He gained popularity with the release of “Holla at Your Boy”, the song from his debut album “Superstar” in 2010.
Later, he has released three mega-successful albums, as well as one compilation album and even recorded a hit song, “One Dance” with famous music performer, Drake. This song appeared in Guinness World Records. Therefore, Wizkid became the first Afrobeat musician whose name was included in this book.
He also has a lot of endorsement deals to his name with such companies as Glo and Pepsi. Wizkid has managed to earn his massive $20 Million earning him the number one spot on our “Richest Musician in Nigeria” list. He bought two houses in Nigeria and US along with a Porsche Panamera, Mercedez Benz and BMW X6.
And with that, we have gotten to the end of the “Richest Musician in Nigeria” list. Hope you found what you were looking for…
At the end of the content, Wizkid have been mentioned as the richest Nigerian musician followed by Davido and others. Hope you found this article interesting and worth sharing. To comment your own opinion, kindly use the comment box below.