Top 10 Richest and Highest Paid Musicians in Nigeria and Their Net Worth

There is no doubt that the Nigerian music industry has gained recognition across the globe. Therefore, musicians like Davido and Wizkid who used music to increase their net worth in 2021-2023 are now getting better remuneration.

Nigerian artistes like Wizkid, Don Jazzy, Phyno, 2Baba, Davido and many more have contributed to the success of the industry.

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This article will feature the 10 richest Nigerian musicians in 2022, according to Forbes, and 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 and 2023.

1. Wizkid – US$50 million

Wizkid

According to statistics, Wizkid is the richest singer in Nigeria with a net worth of $50 million.

The father of three and African musician was the first Nigerian to sell out London’s O2 Arena for three consecutive days. His song “Essence”, a remix of Tems and Justin Bieber from his album “Made In Lagos”, was a huge success and earned him a Grammy nomination.

He has broken numerous records since releasing his debut single “Holla At Your Boy” under Banky W’s EME Entertainment.

Wizkid is an accomplished singer who has collaborated with international musicians such as Canadian rapper Drake on songs such as “One Dance”, which broke Spotify’s record for the most played song in 2016 and was included in the Guinness Book of Records.

2. Davido – $40 million

Davido

With an estimated net worth of $40 million, Nigerian-American Davido is undoubtedly the second richest musician in Nigeria. The DMW boss was also named an African Music Superstar by Forbes in 2020.

Despite being born into a wealthy family, he established himself in the music industry with hits like “Fall,” “Assurance,” “If,” and “Dami Duro.”

Each of Davido’s YouTube videos averages 20 million views. Under DMW Records, he has signed many well-known artistes including Mayorkun, Dremo, Peruzzi, and more.

3. Don Jazzy – $20 million

Don Jazz

The third richest artist in Nigeria is Michael Collins Ajereh, better known as Don Jazzy. The successful producer, record label owner and singer has charted a career in the field of music and has made a name for himself.

Don Jazzy, CEO of Mavin Records, is estimated to be worth $20 million, which has an impact on his preferences and lifestyle.

4. Burna Boy – $20 million

Burna Boy

Burna Boy, real name Damini Ebunoluwa Ogulu, is the fourth richest artist in Nigeria in 2022 with a net worth of $20 million. He is one of the highest paid musicians in 2021 and 2020.

One of the early pioneers of Afrobeat music internationally is the Grammy Award-winning singer, rapper, songwriter and dancer. In 2012, after the release of “Like to Party” from his debut album “LIFE”, Burna Boy from Rivers State gained widespread recognition.

5. 2Baba: $18 million

2 Baba

As of 2022, Innocent Ujah Idibia aka 2Baba, 2Face has an estimated net worth of $18 million, making him the fifth richest singer in Nigeria. He is also ranked among the top 10 richest musicians in Nigeria in 2021 on our list.

2Baba, a native of Benue State, has become a legendary Afro-pop performer in Nigeria.

He started his career in the band Plantashun Boiz and later went solo. Signed to Kenni’s Music, the African Queen singer released his debut studio album under the name African Queen.

6. P-Square – $16 million

P Square

With a combined net worth estimated at $16 million, Peter and Paul Okoye, aka Mr. P and Rudeboye, better known as P-Square, are one of the wealthiest husband-and-wife duos in the U.S. The twin musicians rose to fame after forming the group P-Square.

Peter Okoye and Paul Okoye were born in Jos, Plateau State in November 1981. In 2003, they released an album titled Last Nite. This album was said to be a major breakthrough in their career.

7. Olamide – $15 million

Oramide

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Olamide Adedeji, nicknamed Baddo Sneh or simply Olamide, has an estimated net worth of $15 million, making him the seventh richest singer in Nigeria. Olamide was born on March 15, 1989, in Bariga, Lagos State.

The indigenous rapper is known for singing primarily in his native Yoruba language, a trait that has earned him street popularity.

Although Olamide now owns his own record label YBNL Nation and has produced musicians like Asake, Fireboy DML, Jayboi, etc., he first entered the music industry through the Coded Tunes record label.

8. Phyno – $12 million

Fino

The eighth richest Nigerian artist on our list is Azubuike Nelson, aka Phyno, who has a net worth of $12 million. The artist from Anambra State originally planned to pursue a career in medicine, but his musical talent overcame that desire.

Since starting his music career in 2003, Phyno has also worked as a producer for renowned artists such as Flavour, Timaya, and Mr Raw.

9. Timaya – $11.4 million

Timaya

Inetim Timaya Odom, better known as Timaya or Plantain Boy, was born on August 15, 1980. With a net worth of $11.4 million, he is the ninth richest artist in Nigeria.

Dem Mama Soldiers is a music group founded by Timaya.

He released True Story in 2007. Other important singles include Gift and Grace, released in 2008, and his third album De Rebirth, both released shortly after True Story.

10. Asa – $10.5 million

as a

Nigerian/French singer Asa Bukola Elemide (aka Asa, Eye Adaba) shot to fame with her breakthrough hit.

In 2008, she won the French Constantine Prize for her album “Asa”, beating out ten other singers. The award was selected by a jury of 19 music industry experts in Paris. Her net worth is as high as $10.5 million.

Source: https://anhngunewlight.edu.vn
Category: Biography