Nigeria Fans are always curious to know the richest musicians in Nigeria, their net worth, and the rating of their favorite stars as well as how they manage the rankings on the list.
Contrary to popular belief, the best stars are not really at the top of the list. this leaves many Nigerian music lovers and bands searching the internet trying to find the status of their favorite.
Many people know Nigeria as an Afro-pop city, and that is because the country is home to many Afro-pop artists. These artists have managed to make a lot of money from their work, and they are to be commended for their contributions to entertainment in Africa and beyond. This is a description of the income of Nigeria’s richest musicians.
In this list, we will give you the answers to your questions about the Top 10 Richest Musicians In Nigeria
1 Davido Net Worth $45 Million Dollars
This is the richest musician in Nigeria right now, and that is Davido. His real name is David Adeleke, who was born in Atlanta, United States of America into a wealthy family. His father, Dr. Deji Adeleke is the founder of Adeleke University in Osun State and the CEO of Pacific Holdings Limited.
Davido is undoubtedly the richest musician in Nigeria today. It took the music industry by storm to create some interesting music. The song that made it so popular was “Omo baba Olowo”; as it went viral, especially in Africa. He won various awards such as the Mobo Prize, and also emerged as the Best in Africa of the Year, beating a group of artists including Wizkid to win the award.
It is often called OBO, but in 2018, it was known for its popular “30 billion” slang. Davido recently closed a 30-billion-dollar film series featuring artists and other celebrities.
Let us not forget that Davido is the son of one of the richest men in Nigeria Deji Adeleke. He also has a personal record of billions of naira. He has just signed on to the SONY world record label, which is known for signing with some of the biggest names in the Nigerian music industry such as Tiwa Savage, Tekno, and Wizkid.
Davido is a well-known billionaire who owns a home, a car, and many investments in the past. He was also a director in his father’s company.
For its show, it charges over 10 million per show. You do not see it in the ads, so we can not say whether it has any support agreement. Davido is estimated to be worth $ 45 million.
Davido recently bought a private jet that cost him 9.7 billion naira. He also bought a Chioma car for N45 million. Davido received infinix support worth over N350 million and Chioma received N150 million. He recently added another N240 million Rolls Royce and Ferrari worth N300 million.
Many fans will ask, who is the richest between Davido and Wizkid? does Starboy have more money than Davido? You should know that they are both very rich but Davido is more than Wizkid financially.
2 Wizkid Net Worth $38 million
Wizkid is the second richest artist in Nigeria this year. Wizkid’s real name is Ayodeji Ibrahim Balogun by Forbes recently listed as one of the richest celebrities in Africa in 2020.
Wizkid is the founder and president of Starboy Music. It is an award-winning program that is recognized not only in Nigeria but in the international community. His music career continues to rise on the music charts and gain financial success in the music industry. Wizkid is the second richest artist in Nigeria this year. Wizkid’s real name is Ayodeji Ibrahim Balogun by Forbes recently listed as one of the richest celebrities in Africa in 2020.
Wizkid is the founder and president of Starboy Music. It is an award-winning program that is recognized not only in Nigeria but in the international community. His music career continues to rise on the music charts and gain financial success in the music industry.
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3 Don Jazzy Net Worth $35 million
Don Jazzy, is Nigeria’s richest record producer and CEO of Mavin Records. He co-founded Mo ‘Hits Records in 2004, which featured superstars like D’Banj, Wande Coal, etc. excel under his command. Under his new record label, he has produced many songs and also talents in the Nigerian music industry. Including the likes of Tiwa Savage, Korede Bello, Reekado Banks, etc. They thrived under him.
Don Jazzy’s real name is Michael Collins Ajereh. It is reported that the charges around N500,000 or more to produce a song explaining how he makes his money. He has signed several sponsorship deals worth millions of Naira.
Don Jazzy has 3 buildings, one in Lekki, one in Banana Island, Lagos, and one in Los Angeles, USA. He also drives exotic cars including Porsche 911 Carrera (~ ₦ 42 million) Bentley Continental (~ ₦ 25 million) Cadillac Escalade (~ ₦ 27.2 million) Mercedes Benz E350 (~ ₦ 20 million)
Don Jazzy is still not married at the time of writing and his estimated financial value is estimated at $ 35 million.
4 D’banj Net Worth $13.5 million
D’banj’s Nigerian hit songs always turn out spectacular; a musician with a controversial fan base like his will surely survive in business. His real name is Daniel Oyebanjo Oladapo, born in Zaria on June 9, 1980. D’Banj is known to be very interested in business opportunities, even when it seems that his performance both on stage and in song releases is getting worse.
He is another wealthier Nigerian musician who became rich thanks to his musical career and other investments. He has also signed major sponsorship deals that have earned him money in recent years. He previously co-founded the MO ‘Hits record label with Don Jazzy before they split. As a songwriter, businessman, and television personality, Dapo has become an international act. He is recently worth $ 27.5 million, which makes him one of the richest musicians in Nigeria in 2020.
5 2Face Idibia Net Worth $13 million
One of the best male singers in the country right now is 2face whose real name is Innocent Ujah Idibia. He was part of the late plantahun boiz and had been the richest musician in Nigeria and Africa for so many years before artists such as young Davido and Wizkid took his place.
The music legend has produced internationally sold and chart-topping hits. African Queen is still their best song as long as it’s still in vogue since its release. 2baba is married to Annie Idibia and has other women out of wedlock who have children with him. In addition to being a songwriter, record producer, in terms of investments, he is an entrepreneur. He also has sponsorship deals with major organizations in the country that number in the millions. 2Baba is said to charge around 2.5 million naira per show. He is said to be worth an estimated $ 22 million, making him one of the top ten richest musicians in Nigeria.
6 Olamide Net Worth $10.5 million
Olamide Adedeji, known by his stage name Badhoo or Olamide, is another wealthy Nigerian rapper and musician as well as founder and CEO of the famous Nigerian record label: YBNL Nation. As for 2020, he is known to be the richest Nigerian rapper.
In addition to making money off his own music, he has sold over 40 million copies worldwide. He gets most of his money from his collaborations with other musicians and his record label signatories and from organizing events. Olamide is also a brand ambassador and businessman who has invested heavily in the state of Lagos.
Olamide has signed a sponsorship agreement with Ciroc worth N30Million. Other deals he has signed include being brand ambassadors for Guinness worth N80Million, an Etisalat deal worth around N50Million that has since been renewed with an additional N30M Naira.
Olamide’s dollar net worth is said to be $ 6 million as of 2017, but its current financial statement shows it is above that figure. In addition to the two gas stations and the real estate it has across the country, Olamide charges between N2 million and N4 million per show. Olamide’s net worth is currently estimated at $ 10.5 million
7 Mr. Flavour Net Worth $10.2 million
Chinedu Okoli, better known by his stage name Flavor N’abania, is a Nigerian singer, songwriter, multi-instrumentalist, and performer. He began his musical career as a drummer for a local church in the state of Enugu. He is also a popular musician in Nigeria.
The singer has an estimated net worth of $ 10.2 million. He has a lot of investments in the southeastern part of Nigeria.
Flavor is not married yet, but he has children from several women, who are considered to be his little mother. This richest musician in the country is also a role model for his physique.
8 Phyno Net Worth $10 million
The seventh richest Nigerian musician in the country is none other than Phyno. His real name is Azubuike Nelson Chibuzor. He is the current second-best rapper in the country who raps and sings fluently in Igbo and English.
In addition to winning numerous awards, Phyno has made a name for himself in the music industry as an artist and celebrity. He builds a brand for himself through his songs that set him apart from other rappers. Phyno’s rich lifestyle can be seen in its assets and financial value.
Like Olamide, Phyno has also invested her wealth in fashion, real estate, etc. It is said that the duo cannot be matched in what they do as they have conquered the entertainment market for the way they perform on stage. Phyno charges N2 to 3 million Naira for the shows, and her net worth is estimated at $ 10 million.
9 P-Square Net Worth $10 million
P-Square is still ranked as one of the richest musicians in the country this 2020, even though they have split up. For those who don’t know them, here is a brief profile of Nigeria’s most celebrated twins who have taken the Nigerian music industry to another level since their inception.
Peter Okoye and Paul Okoye are twin brothers who sang and danced together from the start before Paul decided to stop dancing and focus more on singing. Peter, on the other hand, chooses to do both. They produced and released their albums through Square Records, run by their older brother, Jude Engees. It was until recently that the two separated after some internal family problems and split their properties between them, leading to the dissolution of P-square much to the humiliation of their fans.
While they were together, they signed a record deal with Akon’s Konvict Muzik label.
P-Square was said to charge a whopping N8 Million Naira per show. There was a time when they were first on the list. They made real money and won numerous awards. Forbes ranked them in the top ten richest musicians of a year in 2014, 2015, and 2016 as the richest twins in Africa.
In addition to singing and dancing in the shows, they have other investments that are not made public. Both brothers are said to have around 7 cars between them, villas, and even estates across the country and together they were worth around $ 40 million, which made these Nigerian musicians the richest and other sponsorship perks.
10 Banky W Net Worth $9 Million Dollar
Banky W, whose original name is Olubankole Wellington, is a first-rate African musician and also a great actor. He was born in the United States of America, but as a child, he returned with his parents to his homeland of Nigeria, where he had his basic school. Banks W has decided to return to the United States.
He returned to Nigeria and started singing in the year 2002 when he was about 21 years old (born March 27th, 1981). Banky W owned the popular Empire Mates Entertainment (EME) record label, which was dissolved and transformed into a branding and advertising company; Banky managed to release five albums.
He had appeared in so many interesting songs and in the popular movie “Wedding Party” and also showed a strong will for leadership in the 2019 Nigerian political elections where he ran for the House of Representatives. Olubankole Wellington is married to Adesua Utomi, the beautiful Nollywood actress, and owns a villa on Admiralty Street in Phase 1 of Lekki, Lagos.
She has won numerous awards in the R&B music category since 2006. This star not only conquered the music industry but also battled health and survived when she underwent skin cancer surgery in 2017.
Despite being one of Nigeria’s richest musicians, Banky W. he doesn’t brag that much about his personal belongings. He saw him drive his 2008 Range Rover Sport once (₦ 90 million) and another time a Toyota Prado (₦ 37 million). People expected him to drive more luxurious cars like many other celebrities, but felt “what’s the point of having a Rolls Royce if I still pay the rent for the house where I park it?”
