Top Ten Richest And Most Famous Nigerian Musicians

When talking about nigerian musicians, one might be inclined to think they are only acclaimed here in nigeria. Turns out we’re wrong, the wings of nigerian entertainment has spread far and wide to dominate the most of africa and its heard abroad too. Like we all know nigeria to be the giant of africa which also implies its africa’s no 1. So here today we will be discussing the most famous singers we know and how rich they are. In this blog post we will also be discussing these personalities all to keep you entertained. First on the list is;

1. Wizkid 20 million US dollars

Ayodeji ibrahim balogun popularly know as wizkid is the richest nigerian musician accoding to forbes and also the most popular. Formerly known as lil prinz, he started his beautiful career at a very young age of eleven. Teaming with friends and making collaborations in his group called the “glorious five”. A group which he formed with his church members. Wizkid is a song writer, singer and a hip hop genius.
Wizkid has an amazing career and an estimated net worth of $20 million dollars, more than any other nigerian artist. He had a mouthwatering one year deal with pepsi worth $350,000 usd, which was later renewed for two years, a 128 million naira deal with glo with a previous deal with mtn and an endorsement deal with guiness. He also has a multimillion deal with SONY entertainment.


He rose to stardom in the year 2010 after signing a record deal with Empire Mates Entertainment (E.M.E.) the previous year. His song holla at your boy (recorded by ojb jezreel) from his debut album Superstar took over the streets like never before. Series of top hits followed such as don’t dull, oluwa lo ni, and many more. An apparent fall out with banky w saw wizkid leave E.M.E mansion in 2014. It was reported that he couldn’t find a middle ground with banky w on money issues. Then in 2013 wizkid went on to establishing his own record label “star boy entertainment” to which he signed maleek berry, lax, efya, mr eazi and more. He also signed the producers Legendary Beats (uzezi oniko and okiemute oniko).

Furthermore wizkid has featured the likes of drake, chris brown, tinny tempah
Wizkid is the first nigerian artist to have a million followers on twitter, to appear on billboard top 100 and the first afro beat musician whose name is included in the guiness book of record. He is the father of three boys.

2. Davido 19 million US dollars


O.B.O.(omo baba olowo) as it implies “son of a rich man” is the second most richest nigerian artist. He is a singer, song writer and record producer. David adedeji adeleke was born in Georgia, Atlanta davido basically has little to say concerning struggles and street hustling.This talented singer made his debut with his monster hit “dami duro” as a member of kb music group international after dropping out of oakland university to focus on his music career. Before enrolling in babcock university in 2011 to honor his father wishes, and in 2015 he bagged a music degree from the prestigious university.


He owns HKN music, a record label he started with his brother and in 2016 he announced that he signed a deal with sony music. A few month after DMW (davido music worldwide) was released to which he’s currently signed mayorkun and dremo. His songs “fall” is the first african music video 100,000,000 view on you tube and “if” which generated worldwide social media activity.


DMW boss is currently worth $19 Million usd according to forbes. Although there are slight arguments here and there over who is richer between nigeria’s top two. He had or recently signed endorsement deals with MTN, Pepsi, guiness and infinix. His multimillion deal with SONY music record label has brought him a crazy amount of money. He is also among the few artist who enjoy the luxury of owing a private jet
Davido is generally believed to be a kind hearted and welcoming individual. He performs lots of giveaways to his fans and followers and he is set to marry his lovely chioma (chef chi).

3. Don Jazzy 18.5 million US dollars



Micheal collins ajereh popularly known is don jazzy is a unique figure in the music industry. He is an entrepreneur, singer, song writer and record producer. He is the co-founder of mohits record before its closure in 2004 and the founder of the popular mavin records. The don doesn’t have a song of his own he majors only in producing, beat making and a few collaborations.


Don Jazzy is popular for quite a number of things, for starters his introduction “its don jazzy again” is popularly referred to despite not being a full time artist. He worked alongside d’banj to create mohits records before their famous clash this propelled him to push forward and create the popular mavin records which he claimed would be the power hold of music in africa. He didn’t stop there he went on to signing nigeria’s biggest female artist tiwa savage and other popular artist such as dija, korede bello, reekado bank and other. Although tiwa made an exit in early 2019 with both tiwa and the don exchanging heart felt goodbyes.
The popular doro jazzy is not far behind the top artists in nigeria with a stunning net worth of $18.5 million usd. His record label mavin records is estimated to worth about $100 million usd. He has signed endorsement deals with a wide variety of companies in addition to co-owning his own tech company.

4. D’banj 17 million US dollars


Born in zaria, kaduna state. Oladapo daniel oyebanjo popularly known as d’ banj is an international artist, whose majors in pop, hip hop and afro beats. The inspiration behind his music comes from the one and only fela anikulapo kuti. He is a singer, song writer, rapper, entrepreneur and television personality. His famous hit “why me” shot him into lime light as it was preferred by both young and old and he is currently best known for his 2012 international hit “oliver twist” which topped african charts in 2011 and a part of UK’s billboard top ten.


This music demi has is always included in the forbes richest artist in the country and he is a multiple award winner. He doesn’t just stop there, he has signed huge endorsement deals with multiple companies fetching him millions.
The koko master is worth $17 million usd after his feud with don jazzy he went on create DB records in which he signed his brother kayswicth and producers deevee and jaysleek. He continued to thrive excellently with every year a success for him. He has featured other top artist around the world such as harry songs, gucci mane and others.

5. & 6. Mr P & Rude Boy 17 million US dollars (each)


Formerly known as p-square, the duo split about two years ago. The twins peter and paul okoye were variously called da pees, double p and p&p before finally deciding on p-square. Their music career dates way back, as they are one of the remaining O.G’s in the game.

Mr P

They rose to stardom in between the late 1990’s and the early 2000’s. Their debut album last nite which was released in 2001 was sponsored by benson and hedges after they won the grab the mic competition then, in the year 2005 they released their second album which was another success. Late 2007 p-square were able to pull it off, they released their best selling album game over which sold over 8 million copies world wide. They signed a record deal with Akon’s konvict music label in the year 2011, everything else was in perfect for them until they split in 2017. It was believed that paul was getting the lion share on their earnings and peter decided to call it a day and sent a termination letter to their lawyer. They split a couple of months after, heart breaking news for their fans worldwide as majority hope they would settle their differences.

Rude Boy


Together the duo have a net worth of about $35 million us dollars but, the seperation has seen them drop from the top, with both Mr P and King Rudy having net worths of approximately $17 million usd. At the time p-square existed they were known to charge about 15 million naira for a single performance, more than any other nigerian artist. They have also performed with the likes of Ginuwine, Sean Paul, Akon e.t.c.

7. 2face 16 million US dollars


Also known as 2baba, he is a veteran entertainer who is a top player in the nigeria and african music entertainment. He has been active for over two decades, an achievement he celebrated recently. Innocent ujah idibia, 44 years is a singer, song writer, record producer and an entrepreneur. His release of African queen broke boundaries for him. He started his music career after he moved to lagos and started performing with rapper black face naija and working together with musicians faze the trio formed plantashun boiz which was later disbanded in 2004 after two successful album releases. After the segregation 2baba then founded hypertek entertainment which he released his first solo album “face to face”.


He is a highly decorated afro pop artist in africa and he is the first non-liberian to become an honorary member of the liberian music society due to his immense contribution to the growth of music in africa. He is also the first nigerian to have an appropriately priced international album prior to the release of unstoppable international edition
2baba is a music legend who is always in his prime and over the past decades filled with success, turbulence and release of good music. 2face is now worth today $16 million usd. He has several collaborations around the world and prestigious music awards to his name. He has multiple endorsement deals and he us an ambassador to companies and corporations alike.

8. Olamide 12 million dollars


The nigerian top rapper olamide adeleke is a character in the music industry. His lyrics will leave you in awe and he always has the latest slangs available in his music. The intersting part about this top notch rapper is that he also has the ability to sing slowly with more emotion.


Also referred to as baddo or baddo sneh he is one of the many rappers who faced the difficulties of the society. He elaborated more in his music about the kind of life he lived and how he ascended from grass to grace. He started his career signed to coded tunes where he released his debut album Rapsodi which included his first hits. Then in the year 2013 he released his third album baddest guy ever liveth which was another blast his song durosoke and yemi my lover took the street by surprise. His third album was released under his own record label YBNL Nation which he established in the year 2012.


With seven different albums, this rapper is worth $12 million usd. He is one of the richest and influential rappers in Nigeria, a feat achieved through hardwork and determination. Apart from music money, olamide is an entrepreneur who has several investments all over. He also has endorsements of several kinds with notable brands and companies. He is the first nigerian to sign an endorsement deal with ciroc and also the first person to sell out the eko convention centre. And If we were to describe in detail the accolades he has, it would take us forever(same with other musicians) but to be brief and specific, he has been winning headies award since the year 2011. He also has Nigeria entertainment awards, city peoples award, too xclusive awards and so much more to his name.

9. Phyno 11 million dollars


Famously known for his part in the hit ghostmode with olamide. He is an igbo rapper, singer, song writer, and record producer whose real name is Chibuzor Nelson Azubuike. He started his career in the year 2010 after he relocating to lagos to help further his career and then released his album no guts no glory in the year 2012. The album featured the likes of ice prince, flavour, p-square, olamide, M.I, runtown and others. On september 25th 2012, the lead single of the album was released “ghostmode” with olamide his good friend, the song became the best collabo at the 2012 headies award.


Phyno fyno is the head of penthauze music after switching from sputnet records. The ceo of penthauze music is worth $11 million usd. He is an ambassador to Nairabet and communicatins company Globacom.

10. Timaya 10.5 million dollars


Inetimi timaya odon also known as timaya takes number ten on our list of the richest nigerian musicians. He is a singer, song writer and also the founder of DM records. He started his music career in the year 2005. He released his first album dem mama in that same year and in 2008 he released his second album gift and grace.


Timaya was always into music, during his secondary school days he would often break house rules to attend late night events. After obtaining this secondary school certificate in lagos timaya then travelled back to port Harcourt to complete his tertiary education in which he dropped out after a bad first semester performance. From there he came back to lagos and after spending three years working for Eedris Abdulkareem hip group, he started his own solo career. That is how timaya rose to stardom and things began to look good for him.


Timaya today is worth $10.5 million usd. He is where he is today because of the unrelenting faith he put in himself. His music speaks more of his life and struggles which is a source of inspiration to many. Unlike other musicians who are here and there, it’s a bit obvious that timaya keeps a somewhat low profile, but that doesn’t he mean he isn’t making his paper. It is known that Timaya charges a fortune for a single performance, he also so has endorsement deals with several brands and companies.

Stay tuned for more updates and if you like this post we seriously urge you to help share on the social handles below

Leave a Comment

Your email address will not be published. Required fields are marked *

%d bloggers like this: