Top 10 Richest Musicians in Nigeria 2021
Nigeria’s music industry is one of the world’s fastest-growing industries. Over the years, it has produced some incredible musicians. The top 10 richest musicians in Nigeria in 2021 are listed in this article.
If you’re interested in music, you’ll probably want to know the answer to the question, “Who is the richest musicians in Nigeria?” They all are creative, hard-working, of course, and each has a special performance style.
Music has driven many Nigerian artists from obscurity to fame, from grass to grace. Because of their success in the music industry, many of them who previously had little are now leading lavish lives.
Timaya, Wizkid, 2face, P-Square, and a slew of others came from humble beginnings, but their incredible careers in the music industry have earned them worldwide acclaim.
The top ten richest Nigerian musicians and artists currently making waves in the music industry are listed below.
1. Wizkid – $20 Million Net worth
Wizkid is the wealthiest musician and artist in Nigeria, according to our ranking of the top ten richest musicians in Nigeria. Wizkid’s net worth is believed to be around $20 million.
Wizkid, in addition to acting, has a range of sponsorship deals with MTN Nigeria and GLO ( which paid him N120 million to become its ambassador).
Wizkid’s net worth grew as a result of multi-million dollar deals with Pepsi and Guinness, which got him more money on the table.
In July 2019, the talented singer increased his net worth by confirming a multi-million dollar contract as a brand ambassador for United Bank for Africa (UBA).
Wizkid is the stage name of Ayodeji Ibrahim Balogun, a Nigerian singer, and songwriter. Wizkid started his musical career in a small church near his home when he was 11 years old. He was a member of the Glorious Five, a local band at the time.
Wizkid collaborated with the group Glorious Five on an album when he was 11 years old.
Wizkid later met OJB Jezreel, who became his mentor, when he was struggling. He began visiting Jezreel’s studio, where he observed and learned from recordings by artists such as 2 Face Idibia and Sound Sultan.
In 2009, Wizkid entered Empire Mates Entertainment (E.M.E), and his career in the music industry took off from there.
Wizkid, also known as Ayodeji Ibrahim Balogun, is the richest Nigerian singer, with a net worth of $20 million.
Wizkid was the first Nigerian musician to be recognized in the Guinness Book of World Records for the most played song on Spotify, having been born on July 16, 1990, in Surulere, Lagos.
This is as a result of his collaboration with Drake on the song “One Dance.”
He now owns Starboy Entertainment and is becoming more powerful in the music business every day.
Wizkid is the richest Nigerian singer, according to Forbes’ 2021 ranking, with a net worth of $20 million.
Wizkid’s automobile and house collections
Wizkid owns a house worth $13 million in Surulere, Lagos, as well as another in Los Angeles. Wizkid’s car range comprises the following vehicles:
- Porsche Panamera (~₦50.8 million)
- Mercedes Benz G63 AMG (₦65 million)
- BMW X6 crossover (₦8.7 million)
- Lamborghini Urus (₦80 million)
2. Davido – $19 Million Net worth
David Adeleke, better known by his stage name Davido, is Nigeria’s second richest musician in Nigeria. Davido’s net worth is projected to be around $19 million.
Dr. Adedeji Adeleke, a co-founder of the Adeleke University in Osun state and the CEO of Pacific Holdings Limited, was born in Atlanta, Georgia, to a wealthy Nigerian family.
Davido’s net worth is derived from his music and sponsorship projects, including the $78,296 MTN endorsement deal, Guinness Nigeria, and Infinix mobile.
Davido’s net worth and wealth are also boosted by his YouTube channel, which has earned more than 663 million views since its inception.
Until releasing his first single, ‘Back Then,’ featuring Naeto C, Davido released his first single, ‘Dami Duro,’ which did not chart well.
Davido released his single ‘Dami Duro’ on October 30, 2011. Clarence shot the single in Lagos, which he co-produced with Shizzi.
In January 2012, the song Dami Duro was released alongside an incredible video, and it quickly became the talk of the town, receiving widespread media attention.
After Wizkid, David Adeleke is the second richest Nigerian musician in 2021.
Omo Baba Olowo (Child of a Rich Person), Davido’s debut studio album, was released on July 17, 2012, under the HKN Music Record Label. The track was also a hit song, as it helped him attract more fans.
Since then, he’s released a series of singles that have helped him gain fame, wealth, and international recognition.
Davido served as the executive producer for OBO and collaborated with producers such as Jay Sleek, Spellz, Maleek Berry, and others. Sina Rambo, Ice Prince, Kay Turn, B-Red, 2 Face, and Naeto C were among the performers.
Nigeria’s wealthiest musicians and artists are listed in this top ten list.
Davido owns two mansions in Lagos, Nigeria, as well as a getaway mansion in Georgia, United States, complete with exotic cars.
Davido’s cars and residences
Davido owns two mansions in Lekki, Lagos, as well as a vacation home in Georgia, United States. Davido’s car collection is incredible, including:
- Bentley Bentayga (₦108 million)
- Bentley Continental GT (~₦95 million)
- Range Rover SV Autobiography (₦98 million)
- Chevrolet Camaro GS (₦9.4 million)
- Audi R8 (₦23.4 million)
- Audi Q7 (₦12 million)
- Mercedes G-Wagon (~₦21 million)
- Toyota Land Cruiser (~₦30 million) several cars like a Porsche, Range Rover Sport, and Chevrolet Camaro
- Rolls Royce Cullinan 2019 (~₦350 million)
- Porsche Panamera Turbo S (~₦22.8 million)
- Range Rover Sports (₦84 million – ₦90 million)
- Mercedes-AMG GLS63 (~₦45 million)
3. Don Jazzy – $18.5 million Net worth
Michael Collins Ajereh, best known as Don Jazzy in the music industry, is the third-richest musicians in Nigeria. He was born in Umuahia, Abia State, Nigeria, on 26 November 1982.
Don Jazzy is estimated to have a net worth of more than $18 million. Don Jazzy is a musician, entrepreneur, and music producer.
Don Jazzy is well-known for his outstanding musical compositions. His hard work, combined with his perseverance, allows him to easily establish solid business relationships both in Nigeria and across the border.
Don Jazzy began his career in music by collaborating with D’banj on a number of hit singles as part of the Mo’hits record label before the two parted ways in 2012. After that, he founded Mavin Records, a new record label.
Collins, M.D. Michael Ajereh, also known as Don Jazzy in the music industry, is Nigeria’s third-richest musician.
Wande Coal, D’Prince, Tiwa Savage, Korede Bello, Reekado Banks, and many others have all been groomed and created by Don Jazzy.
He has lucrative contracts with companies like MTN and Loya Milk in addition to singing and producing.
As a top music artist, he has won several awards. Despite his age, Don Jazzy is not married; instead, he concentrates on creating more successful music and grooming more stars in the Nigerian music industry.
Nigeria’s wealthiest musicians and artists are listed in this top ten list.
Don Jazzy owns three mansions in Lagos, one in Lekki, one in Banana Island, Lagos, and one in Los Angeles, as well as a number of luxury cars.
Don Jazzy’s residences and cars
Don Jazzy owns three mansions: one in Lekki, one in Lagos’ Banana Island, and another in Los Angeles, California. He also drives exotic automobiles, such as:
- Porsche 911 Carrera (~₦42 million)
- Cadillac Escalade (~₦27.2 million)
- Used Mercedes Benz E350 (~₦20 million)
- Bentley Continental (~₦25 million)
4. Burna Boy is the fourth richest rapper in the country, with a net worth of $17 million.
Burna Boy, real name Damini Ebunoluwa Ogulu, is a Nigerian musician, songwriter, artist, and rapper. Burnaboy is a native of Mbiama in Rivers State’s Ahoda West LGA.
Burna Boy has a net worth of $17 million, making him the fourth richest musicians in Nigeria in 2021.
Burna was born in Rivers, Port Harcourt, exactly one year before his parents moved to Lagos.
Burna’s parents’ move to Lagos may have been the right move for his music career, as Lagos is home to the biggest names and best industries.
After the release of his hit single “Want to Party” from his debut album L.I.F.E. in 2012, Burna Boy became well-known in the music industry. While Aristokrat Records released the album on August 13, 2013, five singles were released in 2012.
He sold 40,000 copies of L.I.F.E. on the first day of its release. and sold the marketing rights to Uba Pacific for 10 million Naira. The album was produced by Leriq. 2face, M.I, Reminisce, Wizkid, Timaya, and Olamide are among the other artists included in the collection.
Burna Boy left Aristokrat Records in 2014 and founded his own record label, Spaceship Entertainment, in 2015. On November 25th, 2015, he released his second album, “On a Spaceship.”
His music career has been a massive success, and the young man is probably Nigeria’s most successful foreign music export.
He currently serves Globacom, Nigerian Breweries Plc, and Mortell Cognac as a brand ambassador.
Burna Child, one of Nigeria’s wealthiest artists, owns exotic cars and mansions.
Burna Boy’s cars and Luxury
Burna Boy is a huge fan of exotic cars. He purchased his first car at the age of 17, according to the Grammy-winning singer. It was a Range Rover.
- 2013 Ferrari 458 Italia
- Rolls Royce Down Convertible
- Bentley
- Mercedes-Benz G Wagon.
- Lexus
5. 2Face (2Baba) – $16 million Net Worth
2Face was born in Jos, Nigeria, on September 18, 1975. Innocent Ujah Idibia is his real name. Despite being born in Jos, Plateau State, 2Face is a Benue State Resident.
With a net worth of $16 million, 2Face is Nigeria’s fifth-richest singer.
Baba went from nothing to something, eventually becoming one of Africa’s strongest Afropop singers.
2face began his career as part of a group called Plantashun Boiz before going solo. His music career has been flourishing for a long time.
Early in his career, Tu Face was a top signing for Kennis Music, with whom he released his first album, ‘African Queen.’
In 2004, he rose to popularity with the release of his album “African Queen,” and he has stayed at the top of his game ever since, with each of his songs becoming a major hit.
2face has been awarded awards such as the Headies, MTV Music Awards, and BET Awards.
Innocent Ujah Idibia (2baba) is a Nigerian musician who rose from nothing to anything in the music industry. He was born on September 18th in Benue State.
Tuface’s opulent apartment and cars
2face has accumulated a large amount of money, ranging from cars to mansions, but he prefers to keep his personal life private.
Tuface owns two mansions in Lagos, as well as relaxation lounges in Lagos Island, Festac, and Ikeja, as well as a high-end apartment in the United States.
He also owns a multi-million naira mansion in Lagos, Benue, and a luxury apartment in the United States, in addition to his cars.
2baba isn’t very transparent about his car selection, but here are some of the vehicles he’s been seen driving:
- Ferrari Coupe (~₦80 million)
- Toyota Land Cruiser Prado (~₦52 million)
- Chevrolet Corvette Coupe (~₦45million)
6. Olamide is the sixth richest Musicians in Nigerian, with a net worth of $12 million.
Olamide Adedeji, who goes by the stage name Olamide but is also known as Baddo due to the nature of his street music, was born on March 15th, 1989, in Bariga, Lagos State.
Do you want to know how much money Olamide has? Olamide’s net worth is reported to be $12 million, which places him as Nigeria’s sixth richest artist.
Olamide is well-known for singing mostly in Yoruba, his native language, and this has earned him a large fan base and following in western Nigeria, especially in Lagos.
Olamide, who has a net worth of $12 million, began his career in the music industry with the Coded Tunes label, but now works hard to promote a few other artists through his YBNL record label.
The wealthiest Nigerian musicians and artists are classified in the following order: Olamide is the 6th richest musicians in Nigeria, with a net worth of $12 million.
Olamide Adedeji is a Nigerian musician who was born on March 15, 1989, in Bariga, Lagos State.
Olamide’s career took off in 2010 with the release of his single “Eni Duro” and his album Rapsodi in 2011. Following the success of the first album, Olamide released his second album, YBNL, which featured a few hit singles and quickly made him a household name.
He now has seven studio albums to his credit.
He has earned numerous awards and nominations in the Nigerian music industry, including Best Indigenous Artist, Album of the Year, and many others.
Olamide’s cars and houses
With a net worth of $12 million, he is Nigeria’s sixth richest Musicians in Nigeria. Olamide owns two mansions in Lagos’s Lekki and Bariga, as well as a flashy garage full of high-end vehicles, including:
- Range Rover Sports V8 (₦84 million – ₦90 million)
- Used Rolls-Royce Phantom (~₦204 million)
- Mercedes-Benz G Wagon (~₦23 million)
7. Phyno – $11 Million Net Worth
Chibuzo Nelson Azubuike, better known by his stage name Phyno, was born on October 9th, 1986.
He is said to have derived his stage name Phyno from the word “phenomenal,” emphasizing his own musical taste.
Phyno’s net worth is reported to be $12 million, making him Nigeria’s seventh wealthiest artist.
Phyno is a man of many gifts, some of which contribute to the academic world. With a bachelor’s degree in public administration, you would think he shouldn’t have become a musician, but here he is, a very good musician.
Phyno’s decision to pursue a career in music was undoubtedly a wise one, as it has thrust him into the limelight.
Nigeria’s wealthiest musicians and artists are listed in this top ten list.
Phyno is a multi-talented man who is one of Nigeria’s top ten wealthiest musicians.
Phyno is from the state of Anambra. He is the fourth child in a family of five, with one brother and three older sisters.
He was born and raised in Enugu State, where he finished his education and began his musical career.
Phyno aspired to be a pilot or a physician. He could play drums and piano at the same time, and he could recreate any recording he heard.
Fortunately, he had wanted to try a career as a singer, and it was a good decision that earned him $11 million.
The singer began his career in 2003 and later relocated to Lagos to pursue his dreams. He’s also worked as a producer for a variety of well-known musicians, including Flavour, Timaya, Mr. Raw, and others.
He is a close friend of Olamide Baddo, with whom he shares the pride of their respective local identities, the Igbo and Yoruba languages.
Phyno has won about five proper awards, including best collabo, song of the year, and others, in addition to several nominations in various musical categories.
Phyno, one of Nigeria’s wealthiest artists, owns a plethora of opulent properties, including mansions and exotic cars.
Phyno’s Cars and luxury
As one of Nigeria’s wealthiest musicians, Phyno owns a three-bedroom duplex worth around N170 million in Chevy View Estate, Chevron Drive in Lekki, and another mansion in Enugu State.
He also owns a Rolls Royce Phantom and other high-end vehicles:
- Bentley GT Coupe (~₦72.7 million)
- Range Rover Sports (₦84 million – ₦90 million)
- Rolls-Royce Phantom (~₦204m)
- Toyota Avalon (~₦11 million)
- Lamborghini Gallardo Spyder (₦74.6 million – ₦117.9 million)
- Polaris Slingshot (~₦7.3 million)
8. Timaya – $10.5 Million Net Worth
Timaya was born on the 15th of August, 1980, and is known as “the plantain child.”
Alfred Odom is his full name. He founded a band named “Dem Mama Soldiers,” which he used as a springboard for his musical career.
Timaya’s net worth is reported to be $12 million, making him Nigeria’s eighth wealthiest artist.
The Nigerian King of Dancehall rose through the ranks of the music industry, even working as a backup singer for some musicians before going solo with the help of K Solo.
His professional music career began with the release of his first album, “True Tale,” in 2005, followed by others such as “Gift and Grace,” released in 2008, and “De Rebirth,” released in 2009. Timaya’s third album, ‘Rebirth,’ catapulted him to international popularity.
He now owns the DM record label, where King Perry was signed. After Patoranking and Runtown had been groomed to shine, this happened.
Timaya, the seventh richest musicians in Nigeria, lives a lavish lifestyle with a mansion worth $250 million in Lekki, Lagos State, and a fleet of exotic cars.
Timaya’s residences and automobiles
Timaya owns a mansion in Lekki, Lagos State, valued at $250 million. Timaya owns three Mercedes G-Wagons in assorted colors.
Timaya’s car range is enviable, with other expensive drives in addition to the Benzes; see below:
- Mercedes-Benz G55 AMG (₦60 million – ₦85 million)
- Porsche 911 Carrera (~₦42 million)
- 2 Range Rover Sports (₦84 million – ₦90 million)
- Lexus LX570 2015 (₦29,000,000 – ₦39,000,000)
- Used Lexus GX 460 (₦25 million – ₦42 million)
- Mercedes-Benz GLE (₦20 million – ₦22 million)
- Bentley Continental GT (~₦76 million)
9. Peter and Paul Okoye – Both have a net worth of $10 million each.
Peter and Paul Okoye, twin music artists, rose to fame after banding together to form P-Square.
They were born in November 1981 and developed a popular music career in Jos, Plateau State, before they broke up due to a misunderstanding.
Paul Okoye, like his brother Peter, now has a solo career and goes by the stage name Rudeboy. Peter is now seeking a future of his own.
Peter, or Mr. P, as he is called, has signed ambassadorship deals with companies such as Kia Motors and Olympic Milk.
Mr. P, Peter Okoye’s stage name, flaunts his exotic cars and homes in Lagos state.
Mr. P’s Cars and houses
Mr. P owns two mansions: one in Lagos, Nigeria, and the other in Atlanta, Georgia. He’s still a true auto aficionado. He owns high-end automobiles that would rival those of any celebrity, including:
- Dodge Challenger (₦10.8 million – ₦22 million)
- 2 Range Rovers (₦50 million – ₦82 million)
- BMW X6 (₦23.5 million – ₦28 million)
- Bentley Mulsanne (~₦125 million)
- Jeep Wrangler (~ ₦12.6 million)
- Porsche 718 Cayman (~ ₦22 million)
- Mercedes AMG GL63 (~₦45 million)
Cars and Mansions of Paul Okoye (Rudeboy)
Paul Okoye, best known by his stage name RudeBoy, owns mansions both in Nigeria and abroad.
His car collection includes a ~₦204 Rolls-Royce Phantom.
- Land Rover Range Rover (₦50 million – ₦82 million)
- Lamborghini Gallardo (₦74.6 million – ₦117.9 million)
- Rolls Royce Ghost (₦191 million – ₦247 million)
10. Flavour is the tenth richest Musicians in the Nigerian Hip Hop music industry, with a net worth of $9.5 million.
Chinedu Okoli, better known as Flavour, was born in Enugu State on November 23, 1983. He is from Umunze, Anambra state’s Orumba South Local Government District.
Flavour has a net worth of $12 million, making him Nigeria’s 10th wealthiest singer.
Flavour began playing music at the age of thirteen. He began as a young boy who enjoyed drumming and joined his church choir as the drummer.
His professional drum career began in 1999 after he completed his studies in music and was offered a scholarship to enter a professional music company.
Nigeria’s wealthiest musicians and artists are listed in this top ten list.
Flavour is the tenth richest musician in Nigerian, having been born on November 23, 1983, in Enugu state and hailing from Orumba South Local Government Area in Umunze, Anambra state.
Flavour worked with Mr. Raw on his first album, ‘Nabania,’ which catapulted him to fame.
Flavour has won several awards in various categories, including the 2014 Channel O Music Video Awards, Most Gifted Afro Pop “Ada Ada” Nominated, among others.
Nigerian Entertainment Awards 2014 He was also nominated for Indigenous Artist of the Year and won Best Traditional Artist – Best Video of the Year for “Ada Ada.”Musician Of The Year at the City People Entertainment Awards (Male) “Oh! Baby (You & I)” (Chidinma featuring Flavour N’abania) was nominated for Best Collabo of the Year. “Ada Ada” was nominated for Video of the Year at the MTV Africa Music Awards 2014 in the category of Best Live Act.
Flavour has a great sense of style when it comes to automobiles; here are some of his exotic vehicles.
Flavour cannot be omitted from the discussion when it comes to celebrities who live exotic lifestyles. Flavour has a keen sense of automobile selection. Among his vehicle collections are:
Flavour’s Cars
- Lexus LX 570
- Black Mercedes Benz G-wagon (40 million)
- Land Rover (N25 million)
- BMW X6 (18 million)
