Top 10 Richest Musicians In Nigeria And Their Net Worth 2022 {Forbes}

In this write-up today, I will show you the richest musicians In Nigeria presently.

Nigeria is one of the most blessed nations in Africa in terms of music, movies, and everything that has to do with entertainment (including comedy).

From Wizkid to Tiwa Savage, to Davido and even Burna Boy, the country has some of the finest musicians that are currently making waves around the world.

Little wonder Beyonce’s latest album that is currently trending all over the world has about four or five Nigerian musicians featured on it.

The song “Black Skin Girl” featuring Wizkid that has been making waves on different social networking platforms is from that album. If you haven’t listened to that song, you are really missing a lot. Trust me!

So who are the top 10 musicians in Nigeria when it comes to wealth? You asked. You will find that in this post as you read on.

Richest Musicians in Nigeria 2022

  • Don Jazzy: $35,000,000
  • Wizkid: $25,000,000
  • Davido: $20,000,000
  • D’Banj: $17,000,000
  • Tuface Idibia: $16,000,000
  • Mr. P: $15,000,000
  • Rudeboy: $14,000,000
  • Timaya: $14,000,000
  • Banky Wellington: $10,000,000
  • Olamide: $9,000,000

1.) Don Jazzy

  • Estimated Net worth – $35,000,000
  • Record Label – Supreme Mavin Dynasty (Mavin Records)
  • Birth Place – Umuahia, Abia State, Nigeria.
  • Marital Status – Single

With a net worth of $35million, Don Jazzy is Nigeria’s richest musician alive. Even without a single song of his own out there in the market, the music producer remains at the top of the list.

The leader of the Mavin Supreme Dynasty (also known as Mavin Records) is also among the top 10 wealthiest artists in Nigeria and West Africa.

According to Forbes, Don Jazzy is presently the third richest music star in Africa next to Senegalese Akon who is still number 1, and DJ Black Coffee from South Africa who is ranked at number 2.

Don Jazzy is not just a music producer alone, he is also an entrepreneur whose many investments outside of the music industry have continued to produce fruits.

Though he hardly makes noise about his wealth on social networking platforms, the award-winning music producer is so rich that he owns quite a few luxury cars and expensive mansions.

He recently signed some endorsement deals that skyrocketed his net worth to $35million.

2.) Wizkid

  • Estimated net worth – $25,000,000
  • Record Label – Star Boy Entertainment
  • Birth Place – Surulere, Lagos State, Nigeria
  • Marital Status – Single

Ayodeji Ibrahim Balogun popularly known as “Wizkid” is the second richest music star in Nigeria and the 4th in Africa.

With several hit songs to his name sing 2010 when made his debut in the Nigerian music industry with the song “Holla At Your Boy”, the music star is one of the most sought after musicians in Africa as a whole.

He was recently featured by the hip hop goddess, Beyonce, in her latest song “Black Skin Girl” which is currently making waves on and off the internet.

Wizkid recently signed an endorsement deal with Nigeria’s leading bank, United Bank For Africa (UBA) that took his net worth to $25million.

At 29years of age (born 16 July 1990) Wizkid also called “Starboy” is one musician you can count on to keep making good music even in the years to come.

That is because age is still on his side and looking at his history, he has been consistent in making great songs. He actually gets better every year when others are going down.

Again, the CEO of Starboy Entertainment “Wizkid” is worth $25million.

3.) Davido

  • Estimated net worth – $20,000,000
  • Record Label – David Music Worldwide
  • Birth Place – Atlanta, Georgia, USA.
  • Marital Status – Single (engaged)

David Adedeji Adeleke popularly known as “Davido” was born on the 21st of November,1992, the “Assurance” crooner is one of the best things happening to the music industry even at the age of 27.

His recent song with Chris Brown is currently one of the top trending songs in Nigerian social media.

David is one musician people have always compared to Wizkid in terms of making hit songs, awards, cars, mansions, and even baby mamas.

From his debut in the music industry till today, “OBO” as he is fondly called has had over 10 hit songs to his name. Some of those songs are Flora my Flawa, Fall, If, Assurance and so many others.

With several expensive cars and mansions both in and outside Nigeria, the CEO of Davido Music Worldwide (DMW) is estimated to be worth a total of $ 20million.

4.) D’Banj

  • Estimated net worth – $17,000,000 ($17 million)
  • Record Label – DB Records, Sony Music Entertainments
  • Birth Place – Zaria, Kaduna State, Nigeria.
  • Marital Status – Married

Born on June 9th, 1980, the” Koko Master” or Dbanj” whose real name is Oladepo Daniel Oyebanjo, is one of the most sought-after artists from the Nigerian music industry.

Among his greatest hit songs includes: Fall in love, Scape Goat, Oliver Twist, Mr. Endowed, Igwe, etc.

Dbanj has won several music awards due to his creativity and hard work in the industry. Among his awards includes MTV Europe Music Award for Best African Act, MTV Africa Music Award for Best Male, and several others.

He is presently married to Lineo Didi Kilgrow, a beautiful young lady he married in 2016.

With so many endorsement deals worth millions of naira, Dbanj is estimated to be worth $17million.

5.) Tuface Idibia

  • Estimated net worth – $16,000,000 ($16million)
  • Record Label – Hypertech Digital Media
  • Birth Place – Jos Plateau State, Nigeria.
  • Marital Status – Married

Tuface, also written as “ 2face” is unarguably one of the most talented Nigerian musicians of all time. Tubaba or 2baba as he is also fondly called is the singer of the popular love song “African Queen” which has won several awards within and outside of Nigeria.

Born on the 1st of September 1975, Tubaba whose real name is Innocent Idibia is also among the Top Richest musicians.

The “African Queen” crooner has released several hit songs among which are: If Love Is A Crime, Enter the Place, Amaka, See Me So, Power of Naija, and several others. He is among the few Nigerian musicians that have continued to make hit songs year in year out.

He is married to Annie Macaulay-Idibia, a Nollywood actress and filmmaker.

Tuface Idibia’s net worth is $16,000,000.

6.) Mr. P

  • Estimated net worth- $15,000,000 ($15m)
  • Record Label – P Classic Records
  • Place of Birth- Jos
  • Marital Status – Married

Peter Okoye is also known as Mr. P is one half of the music duo “Psquare” that ruled the Nigerian music industry from the early 2000s.

Before their split, Psquare seats the top of this list and is also ranked very high in Africa.

Following their rift, Mr.P (Peter Okoye) has gone on to establish his own record label known as “P Classic Records” where his songs are produced.

With endorsement deals from top brands like Kia Motors and Olympic Milk, the songwriter and singer have continued to do well even on his own.

According to reports, Peter Okoye aka Mr. P is worth about $15million.

7.) Rudeboy

  • Estimated net worth – $14,000,000 ($14million)
  • Record Label – Rudeboy Records
  • Place of Birth – Jos
  • Marital Status – Married

Paul Okoye aka Rudeboy is popular in Nigeria for being a part of the music duo known as Psquare.

Before their separation, the duo had some of the greatest hit songs in Nigeria then. Songs like Do Me, Ifunanya, Beautiful Onyinye, Say Your Love No Dey Lie, and several others.

Because of their songs, Psquare is very popular in Nigeria and other African nations. That is why even after their separation, Rudeboy and his twin brother Mr.P are still very popular in the country.

Rudeboy like his brother has had several endorsement deals that added to his music earnings to take his wealth to a higher position.

Rudeboy (Paul Okoye of Psquare) is estimated to be worth a total of ($14million)

8.) Timaya

  • Estimated net worth – $14,000,000 ($14million)
  • Record Label – Dem Mama Records
  • Place of Birth – Bayelsa
  • Marital Status – Single

Can you imagine the list of the top ten richest musicians without the name of the “Egberi Papa 1 of Bayelsa” popularly known as Timaya? That would be an incomplete list.

Timaya whose real name is Alfred Enitimi Odom is one of the most popular Nigerian musicians today.

Right from when he made his debut in the Naija music industry, the “Dem Mama” crooner has continued to produce great songs that are loved by so many Nigerians.

Among his greatest hit songs includes True Story, Ogologo Mma, Plantain Boy, etc. He is one of Nigeria’s most talented and respected musicians.

Timaya is estimated to be worth about $14 million.

9.) Banky Wellington

  • Estimated Net worth – $10,000,000 ($10million)
  • Record Label – Empire Mates Entertainment (EME)
  • Place of Birth – Lagos
  • Marital Status – Married

Olubankole Wellington popularly known as “Banky W” or Banky Wellington”, is also among the list of the top 10 wealthiest musicians in Nigeria today.

The CEO of Empire Mates Entertainment (EME) and former boss to Wizkid, is one of the greatest R&B stars to have come out of the country.

His music is loved all over Nigeria beyond. Songs like “ Will You Be My Lover” has been used in different movies and TV series like the Popular “Jenifa’s Diary”

This year, the superstar ventured into politics with the desire to make a change in the leadership of Nigeria. Though didn’t win the election, he actually end up winning many hearts and will likely contest again.

He is happily married to the love of his life, Adesua Etomi, a Nollywood actress.

Banky W’s net worth is $10million.

10.) Olamide

  • Estimated net worth – $9,000,000 ($9million)
  • Record Label – YBNL Nation
  • Birth Place – Lagos
  • Marital Status – Single

Baddosneh “Olamide Adedeji” is a rapper and singer popularly known for his Ghetto style of music.

The young Nigerian musician is one of the best things currently happening in the Nigerian music industry.

Among his several hit songs are Wo and Science Students.

Olamide Baddo’s net worth presently is $9 million.

Final Statement

The above-listed music icons are the current richest musicians in Nigeria with their net worth which ranges from 9 million US Dollars to 35 million US Dollars.

Adebisi Frank

Hi Guys! My name is Adebisi Frank. This website is where I share how much Nigerians of different professions and industries makes and how much the top ones are worth.