Get To Know The Top 30 Richest Musicians In Nigeria In 2024 and Their Net Worth Per Forbes

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Who are the highest-paid Nigerian musicians? Here’s a complete list of the 30 wealthiest Naija artists in 2024.

Nigeria has some of the dopest singers and rappers on the African continent. The majority of them are the artists behind most of the trendy songs we hear daily on our television sets and streaming platforms, with millions of views and plays.

Nigerian artists are all talented and hardworking, and each has a unique performing style. These people are household names in the Nigerian music industry, and all of them deserve the fame they already possess.

These artists arrived with an influential lifestyle, partnering with luxury brands and releasing albums that grew into classics.

Besides, these famous and richest musicians make money for themselves and enhance the country’s reputation in Africa and worldwide.

There are certainly some artists who charge more for performances and features and others who do extra business as artists, and this boosts their net worth, making them richer than their colleagues. TheDistin in this list will reveal the richest musicians in Nigeria as of 2024.

By reading to the end of this article, you will see names like Davido, Wizkid, Don Jazzy, and Burna Boy just to mention a few, and their net worths. So read on to find out the names of the top 30 wealthiest musicians in Nigeria.

Top 30 richest musicians in Nigeria

Below is a comprehensive list of the top 30 richest musicians in Nigeria in 2024 with their net worth and brief biography facts about them.

30. 9ice – $1.2 million

Net Worth: 30 Richest Musicians In Nigeria In 2022: The Wealthiest, Highest-Paid Naija Artists (Forbes)

9ice is a talented artist who grew up in Lagos State. He was born in 1980 as Abolore Adegbola Akande. He has released several albums like Tradition (2009), Gongo Aso (2008), and Greatest of All Times > G.O.A.T. (2018). Ice has an estimated net worth of $1.2 million.

29. Wande Coal – $1.7 million

Net Worth: 30 Richest Musicians In Nigeria In 2022: The Wealthiest, Highest-Paid Naija Artists (Forbes)

Wande Coal is a musician and songwriter whose song genre is in the R&B Afro-pop style. He is currently one of the most influential musicians in Nigeria, with a net worth of $1.7 million.

28. Runtown – $2 million

Net Worth: 30 Richest Musicians In Nigeria In 2022: The Wealthiest, Highest-Paid Naija Artists (Forbes)

Runtown is a singer, songwriter, and producer. His real name is Douglas Jack Agu. Runtown started his career in music in 2007 but officially released his first single in 2010, called Runtown. His net worth is currently $2 million.

27. Harrysong – $2 million

Net Worth: 30 Richest Musicians In Nigeria In 2022: The Wealthiest, Highest-Paid Naija Artists (Forbes)

Harrysong is currently one of the most influential singers in Nigeria. He has an estimated net worth of $2 million. Harrysong released his debut album in 2012 called Testify.

He has released several hits, like When She Loves, Better Pikin, and I’m in Love Remix featuring Olamide.

26. Reminisce – $2 million

Reminisce was born on January 26th, in Ogun State. The musician recorded his first album of hardcore rap at Coded Tunes in 2006.

His success in music is credited to his hard work and creativity. He has released several hits and albums. He is also a brand ambassador for Samsung phones.

His net worth is currently estimated to be $2 million.

25. Chidinma Ekile: $2.8 million

Chidinma is a gospel singer and songwriter famous for hits like Kedike. She rose to fame after winning the Project Fame West Africa show in 2010.

Since then, Chidinma Ekile has become a famous female artist who has collaborated with other known singers in the industry.

Her net worth is currently $2.8 million.

24. Tekno: $4 million

Tekno Miles was born Augustine Miles Kelechi on December 17th, 1992, in Bauchi. When he was just eight years old, he enrolled in a music school and learned to play the piano and guitar.

As his dad was a member of the Nigerian army, he grew up in different parts of the country. Tekno has released several hits and endorsed several brands, like M.T.N.

His net worth is $4 million.

23. Duncan Mighty: $4 million

Duncan is a singer and producer who has produced hits like Hand of Jesus and Don’t Give a Shot. Duncan Mighty was born on October 28th, 1993.

Besides his musical talent, he studied Audio Engineering. Some of his albums are Koliwater (2008), Footprints (2012), and The Certificate (2016). He has a net worth of $4 million.

22. Yemi Alade – $4 million

Yemi gained fame after winning the Peak Talent Show in 2009. She was born Yemi Eberechi Alade on March 13th, 1989, in Abia, Nigeria.

She became extremely popular after her victory at the Peak Talent Show in 2009. One of her best and most widely known songs is Johnny. Yemi’s net worth is currently estimated to be $4 million.

21. KCee: $4.5 million

Kingsley Chinweike Okonkwo was born on April 18th, 1979, in Ajegunle, Lagos State. He is the elder brother to E-Money, an entrepreneur who is the C.E.O. of Five Star Music. E-Money’s net worth is $27 million.

KCee started his career in 1999, and to date, he is considered one of the best musicians with an estimated net worth of $4.5 million.

Top 20 richest musicians in Nigeria

Below are the musicians, both singers and rappers who are on the list of the top 20 highest-paid Nigerian artists.

20. Kizz Daniel – $5 million

Formerly known as Kiss Daniel, the singer changed his name to Kizz Daniel in 2018. He was born on May 1st, 1994, in Abeokuta, Ogun State, as Oluwatobiloba Daniel Anidugbe.

He became interested in music when he was just 11 years old and has grown to become a renowned artist in the industry. He currently has an estimated net worth of $5 million.

19. Falz: $5 million

Falz, whose real name is Folarin Falana, is a rapper, songwriter, and actor. He has produced four albums so far, Wazup Guy (2014), Stories that Touch (2015), 27 (2017), and Moral Instruction (2019).

He has also appeared in films like Jenifa’s Diary and Tinsel. His current net worth is estimated to be $5 million.

18. Ice Prince: $5 million

Ice Prince is a rapper and actor. He was born in 1984 in Minna, Niger State. He has recorded several hits, including ‘I Swear‘ featuring French Montana, Superstar, and Aboki. The sensational rapper is worth $5 million.

17. Patoranking: $6.5 million

Patric Nnaemeka Okorie, best known as Patoranking, is a reggae-dancehall singer, songwriter, and philanthropist. He is known for his slang Wha Ya Say.

He has released several hits and won awards like the AFRIMA awards. He has also engaged in several scholarship programs, assisting young children in getting an education. He currently has a net worth of $6.5 million.

16. M.I. Abaga: $8 million

M.I. Abaga is a singer and the C.E.O. of Chocolate City. He was born on October 4th, 1981. The star is well known for hits such as One Naira, Your Father, Bad Belle, and Anti.

He has endorsed G.L.O. Mobile before. He currently has an estimated net worth of $8 million.

15. Banky W: $9 million

Banky W is an American-born Nigerian artist whose real name is Olubankole Wellington. He was born on March 27th, 1981, in the United States of America.

Apart from singing, he is also an accomplished actor who has appeared in films like The Wedding Party. He is also credited for his appearances on TV shows like Shuga and Jacob’s Cross.

Banky W has collaborated with Coca-Cola, Airtel, Microsoft, TomTom, Samsung, Uber, M.T.N., and Ciroc Vodka. His net worth is $9 million as of 2024.

14. Phyno: $9.5 million

The musician’s stage name, Phyno, means phenomenal. The singer is indeed a phenomenal personality because he has many talents and desires.

Phyno always wanted to be a pilot or doctor but fortunately became a musician. He played drums and piano, and at the same time, could create his rendition of every recording he heard. As a result, Phyno is one of the world’s household names in music, with a net worth of $9.5 million.

13. Mr. Eazi: $10 million

Oluwatosin Ajibade, better known by his stage name Mr. Eazi, is a Nigerian singer, songwriter, and entrepreneur.

He is a pioneer of Banku Music, a fusion of sound he describes as a mixture of Ghanaian highlife and Nigerian chord progressions and patterns.

He was born on July 19, 1991, in Port Harcourt, Nigeria. He is mostly called Don Eazi and is known for the Afrobeats genre of music.

Mr. Eazi has a net worth of $10 million in 2024, however, several online outlets placed his fortune at just $5 million which he debunked, adding that he is worth more than that. In any case, he is a millionaire and falls part of the list of richest Nigerian musicians.

12. Tiwa Savage: $10 million

Tiwatope Savage-Balogun was born on February 5th, 1980, in Ikeja, Nigeria. Her family moved to England when she was 11 years old.

She obtained a Business Administration degree from Kent University and attended Berklee College of Music.

Tiwa Savage’s net worth The singer’s net worth is $10 million, and she has endorsed numerous brands, including Forte Oil, Star Radler, Maggi, and MTN Nigeria. The lady is involved in youth empowerment and cancer screening projects.

She bought an N75 million mansion in Lekki, and Tiwa Savage’s cars include Rolls Royce Phantom Bentley Bentayga Mercedes-Benz Sprinter.

11. Flavour: $10.2 million

Chinedu Okoli, popularly known as Flavour, is a singer who began as a church drummer. In 2014, his song, Ada Ada, was nominated for the Best Music Video award at the MTV Africa Music Awards. Some of his most popular albums include Thankful, Uplifted, and Blessed. His current net worth is $10.2 million.

The top 10 richest musicians in Nigeria

Below are the top 10 highest-paid and most bankable Nigerian artists in 2024.

10. Timaya: $11.5 million

This 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.

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 famous artist in this genre. Timaya’s net worth is estimated at $11.5 million.

9. Peter Okoye: $12 million

Peter Okoye is among the richest artists, with a net worth of $12 million. Together with his brother Paul, they were famously known as the Psquare.

Since the group split, they are currently releasing songs as a solo artist. Peter is presently known as Mr. P. He has released several hits and signed deals with Glo, Empire Records, and Olympic Milk.

8. Olamide: $14 million

Olamide Adedeji is known in Nigeria as Olamide (his other nicknames are Olamide Baddo and BaddoSneh). He is a rising superstar in 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 native language, Yoruba.

Today, he has seven studio albums and is featured on one compilation recording. In addition, he has won many awards like N.E.A. at the most prestigious Nigerian and African award ceremonies.

Olamide’s net worth is about $14 million. He was the first Nigerian celebrity to sign an endorsement deal with Ciroc. He has also done endorsements for several brands and charges N2 million to N4 million per show.

The singer has an N70 million mansion in Lekki, Lagos. The N25 million home in Bariga, Lagos (near one of his filling stations). He has two filling stations in Lagos and a fleet of automobiles.

Some of Olamide’s cars: Rolls Royce Phantom (N68 million) Land Rover Range Rover V8 (N32 million) Mercedes-Benz G-Class (N23 million) Land Rover Range Rover Sport (N15 million) Toyota Camry (N4 million).

7. D’banj: $15 million

D’banj is not a new name on any list of the top richest musicians in Nigeria. He was born to a military dad and a business mom. The family traveled a lot because of the father’s military career and settled in England.

Oyebanjo liked playing the harmonica his elder brother, Femi, gifted him. His dad and Femi died in a plane crash. D’banj completed his early education in a military school, attended the Navy School in Abeokuta, and studied mechanical engineering at the University of Lagos.

He met Don Jazzy in London and co-established the Mo’Hits All Stars label in Nigeria in 2004. The singer created the DB records after Mo’ Hits All-Stars was dissolved.

Oyebanjo collaborated with Kanye West on his 2011 album, Good Music, and performed his single, Top Of The World, at the 2013 African Cup of Nations’ closing ceremony in South Africa.

The star’s net worth is about $14 million. Besides music earnings and money generated from DB records, the singer has endorsed Power Fist, Globacom, Bank of Industry, Heritage Bank, Beats by Dre, Ciroc, and SLOT.

D’banj’s houses and cars Oyebanjo owns a mansion in Ikoyi, Lagos, and a $25-million home in Lekki, Lagos. He also loves bikes and posh cars. His collection has these cars: Rolls-Royce Phantom (N164million) A Bentley (N108m) Dbanj Ferrari f430 (N68million) Mercedes-Benz Amg GT (N53.2 million) Aston Martin Vantage (N50 million) 2015 Porsche Carrera (N33.2million) Toyota Land Cruiser Prado (N30 million to 52 million each) Range Rover SUV Harley Davidson bike (N2.3 million).

6. RudeBoy: $16 million

Rudeboy has been in the Nigerian music industry for over two decades. The singer and his identical twin brother, Peter Okoye, rose to stardom in the 2000s as the P-Square band.

The twins attended St. Murumba Secondary School in Jos and were members of the music and drama club. The duo disbanded P-Square in 2017 over a family dispute and created solo brands.

Singer Paul Okoye’s net worth is currently $16 million. He released two singles in 2017 and one in 2018, then established the Fire Department Inc. label in 2019.

Paul Okoye’s house and cars Besides their Banana Island mansion, the Okoye twins bought posh homes next to each other in Atlanta in January 2014. However, they sold their joint properties after splitting. Some of the cars Paul cruises around are: READ ALSO Who are the most handsome men on earth? Bentley Bentayga Mercedes-Benz GLE43 AMG 4MATIC Coupe Lamborghini Aventador Roadster Lamborghini Huracan BMW X6 Jeep Wrangler Range Rover 2014 Benz C-Class Coupe.

5. Burna Boy: $20 million

Damini Ogulu, commonly known as Burna Boy, is a popular singer 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 to be $20 million. His fortune makes him the fifth richest musician in Nigeria on this list. The artist has at least five albums and numerous hit singles. Additionally, he has received three BET awards (2019, 2020, 2021) and one Grammy award (2021).

In 2020, the singer bought an 8-bedroom mansion worth about N500 million in Lekki. Fans have spotted him in these grand rides: Bentley Continental GT Mercedes Benz S Class Mercedes Benz G Wagon 2013 Ferrari 458 Italia Range Rover Autobiography SUV 2022 Lamborghini Urus 2021 Rolls Royce Dawn.

4. 2Baba (2Face) – $22.5 million

Ujah Idibia, better known under his stage names 2Face and 2Baba, takes the second position on the list of the most successful and among the highest-paid musicians in Nigeria.

He currently is one of the best-known Afropop musicians with a net worth of $22.5 million. Since 2004, he has released six albums.

He owns a five-bedroom duplex at Richmond Gate Estate and a home on Banana Island. Both homes are worth over N400 million.

He drives luxury, vintage, and sports cars. Some of his vehicles are Chevrolet Corvette Coupe Ferrari coupe.

3. Don Jazzy: $25 million

Famous producer and singer Don Jazzy became rich and renowned due to his musical talent, persistence, and ability to interact with people.

His real name is Michael Collins Ajereh, and he was born on November 26th, 1982, in Umuahia, Abia State. Don Jazzy is the founder of the label Mo’Hits Records. It was founded due to its collaboration with D’Banj.

Aside from singing and producing, he also has profitable contracts with M.T.N. and Loya Milk. According to Celebrity Net Worth, his net worth is $25 million.

He owns a mansion in Lekki, Banana Island, and Los Angeles.

The Nigerian superstar also drives these expensive vehicles: Bentley Continental flying Spur (N25 million) Lexus LX570 (N36 million) Toyota Prado SUV priced between $59,840 to $87,807 Porsche 911 Carrera (N42 million) Mercedes G-Wagon worth (N64.9 million) Cadillac Escalade SUV (N27.2 million) Range Rover Sport SUV (N53.9 million) Mercedes Benz E350 (N20 million).

2. Wizkid: $30 million

Ayodeji Ibrahim Balogun, better known as Wizkid, used to be a simple boy who adored singing and had enough talent and passion for music recording. He was born in Surulere, Lagos State, on July 16th, 1990.

He gained popularity with the release of Holla at Your Boy, the song from his debut album Superstar, in 2010. Later, he released three mega-successful albums and one compilation album, and he even recorded the hit song One Dance with famous music performer Drake.

This song appeared on 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 with such companies as Glo and Pepsi.

Wizkid has managed to earn a net worth of $30 million, per a report by The360Report. Outlets like CelebrityNetWorth estimate his fortune at just $4 million.

He has a mansion in Los Angeles and an N3 million home in Surulere, Lagos.

The artist also owns these luxurious automobiles: Lamborghini Urus (N80 million) Porsche Panamera (N50.8 million) Mercedes Benz G63 AMG (N55 million to N65 million) BMW X6 Crossover (N8.7 million).

1. Davido: $50 million

What is Davido’s net worth? Musical icon Davido has an estimated current net worth of $50 million, per CaKnowledge. Other sources, like CelebrityNetWorth peg his fortune at $10 million. His net worth makes him the richest artist in Nigeria.

He makes his money primarily from his music career through royalties, concerts, and streaming sites like Spotify and YouTube. He has done multi-million-naira endorsements with MTN Nigeria (N30 million), Guinness Nigeria, AXE, Infinix Mobility, and Infinix Mobile.

He has a mansion in Georgia, USA, and two homes in Lagos, Nigeria (one in Banana Island (N800 million) and the other in Lekki).

Davido owns a Bombardier Global 6000 private jet. The Nigerian star has these cars in his collection: Rolls-Royce Cullinan 2019 (N350 million) Lamborghini Aventador S Roadster (N285 million) Bentley Bentayga (N108 million) Range Rover SV Autobiography (N98 million) Bentley Continental GT (N95 million) Range Rover Sports (N84 million to N90 million) Mercedes AMG GLS63 (N45 million) Toyota Landcruiser (N30 million) Audi R8 (N23.4 million) Porsche Panamera Turbo S (N22.8 million) Mercedes G-Wagon (N21 million) Audi Q7 (N12 million) Chevrolet Camaro GS (N9.4 million).

Who are the top 30 richest musicians in Nigeria?

Check out the list in the table below.

RankNames Of Richest Musicians In NigeriaNet Worth
1 Davido $50 million
2Wizkid $30 million
3 Don Jazzy $25 million
4 2Baba (2Face) $22.5 million
5Burna Boy $20 million
6 RudeBoy (P Square) $16 million
7 D’banj$15 million
8Olamide$14 million
9 Peter Okoye (P Square) $12 million
10Timaya$11.5 million
11Flavour$10.2 million
12Tiwa Savage$10 million
13Mr. Eazi$10 million
14Phyno$9.5 million
15 Banky W$9 million
16 M.I. Abaga$8 million
17Patroranking$6.8 million
18 Ice Prince$5 million
19Falz$5 million
20 Kizz Daniel $5 million
21KCee$4.5 million
22Yemi Alade $4 million
23Duncan Mighty$4 million
24Tekno$4 million
25Chidinma Ekile $2.8 million
26Reminisce$2 million
27Harrysong$2 million
28Runtown$2 million
29Wande Coal$1.7 million
309ice$1.08 million

FAQ About Nigerian Musicians

Who is the richest musician in Nigeria in 2024?

Davido tops the list of the richest musicians in Nigeria, with a net worth of $50 million. He is an international artist who has collaborations with known musicians like DaBaby, and Lil Baby just to mention a few.

Who is the richest between Wizkid and Davido?

Davido is currently the richest, with a net worth of $50 million whereas Wizkid follows with a net worth of $30 million in 2022.

Who is the best singer in Nigeria 2024?

Wizkid is considered the most decorated and most celebrated Nigerian artist ever and also one of the most revolutionary Afro-pop artists. He has over 68 awards.

Who is the richest female musician in Nigeria?

The best and richest female musician in Nigeria is Tiwa Savage with a whopping net worth of $10 million in 2024. Yemi Alade follows with $4 million.