Top 10 Richest Musicians in Nigeria and Their Net Worth (2021)

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Top 10 Richest Musicians in Nigeria and Their Net Worth (2021)

We are going to inform you about the top 10 richest musicians in Nigeria.

However, Nigerian music is at it the fastest growing stage and have produced billionaires.

If you are of the people who really enjoy music, you will possibly want to know Who is the wealthiest musician in Nigeria?

Certainly, they are all gifted, industrious and also each of them has a distinct design of carrying out.

But just the best of the best get on top of this ranking.

Go on, checking out to figure the names of the top 10 richest musicians in Nigeria and their net worth.

Also Read: Wizkid and Davido: Who is The Richest Based on Net Worth?

We will try to keep this simple ad focus on what matters.

However, note that to regard you as the richest musician in Nigeria, your net worth is what we consider.

In this blog post, we will certainly start from the 10th wealthiest musicians and we will continuously count down to the number one on the listing.

Here are the top 10 Richest Musicians in Nigeria;

10. Olamide – net worth of N3 billion

Olamide was born as Olamide Adedeji on March 15th, 1989, in Bariga, Lagos State.

His stage names are Olamide Baddo and BaddoSneh.

He is one of the top 10 richest musicians in Nigeria with most of his music on hip-hop songs horizon.

In fact, he is recognized for releasing mainly in his indigenous language, Yoruba.

Besides, he started his music career in 2010 when he released his very first single titled “Eni Duro”.

From then, his music career grows and add more influence to him in 2011 when he also launch another album titled “Rapsodi”.

However, he also released another album the same year titled “YBNL” from his very own record label called “YBNL Nation” in 2012.

Moreover, this album included a few hit singles, as well as they, made Olamide famous in no time at all.

Today, he is popular with over 7 studio albums and in one collection recording with other top 10 richest musicians in Nigeria.

He has also been nominated and won a lot of awards including “The most prominent Nigerian artist”, NEA, and also “African award ceremonies”.

However, he is the first Nigerian musician who had sign an endorsement deal with the Ciroc brand 2013.

This particular deal got him multi-million naira and raise him to this list.

Presently, Olamide is estimated to have total assets worth N3 billion.

Besides, Olamide charged between N5 million to N7 million for stage performance or even appearance.

The top 10 richest artists in Nigeria own three houses, one in Lekki and the other two in Bariga.

In fact, each of those houses is believed to worth N38 million, N25 million and N20 million respectively.

His car’s model are Mercedes-Benz G Class, Array Vagabond Sports, Variety Vagabond V8, as well as Toyota Camry.

9. Phyno – net worth of N3.2 billion

Phyno as popularly known by his fans with a meaning “phenomenal”.

However, the richest musician is indeed a remarkable individuality due to the fact that he has several talents and also wishes.

The guy wished to be a pilot, a doctor, he played drums as well as piano, and at the very same time can develop his rendition of every recording he listened to.

Luckily, he had chosen to end up being an artist.

In fact, this was the right option that brought him N3.2 billion and also made Phyno one of the top 10 richest musicians in Nigeria.

Moreover, this wealthiest musician started his career in 2003 at Enugu State.

He later relocated to Lagos to have even more perspectives and gain more audience.

However, he is a producer for most of the top 10 richest musicians in Nigeria with likes of Flavour, Timaya, Mr. Raw and numerous others.

Besides, he was born in 1986 a has made it to the list of the top 10 richest musicians in Nigeria for many years.

For his lifestyle, Pyhno owns a house in Lagos and drives the Bentley GT Coupe.

8. Banky W – net worth of N3.5 billion

Banky W was born as Olubankole Wellington on March 27, 1981, in America.

He is best known as a singer, songwriter as well as an actor.

However, Banky W is not just a fantastic singer and a rap artist

Yet he is likewise a talented star who has released many movies including The Wedding Party (2016).

Has early stated, Banky Wellingtons was born in the US but relocated to Nigeria as a child where he starts his own education.

Later, he had to return back to the United States with a scholarship offer to pursue his higher education at Rensselaer Polytechnic institute, NewYork

He started his music career in 2002 during with some difference performed on different both on stage, choir and at occasions.

During that time, he was one of the youngest rising musicians in Nigeria who got public attention.

Later, he launched his very first Album at the age of 16.

However, he is still going solid as one of the most well-known and top 10 richest musicians in Nigeria.

Besides, he launched his own record label “E.M.E” in the year 2012 while still studying in the USA.

He moves back to Nigeria in 2009 to established his record label and signed in wealthiest musicians like Wizkid, Davido and others.

Moreover, Banky W has launched 5 good Albums to date and also featured on a collaboration album.

Most of the endorsement deals that have made him one of the richest musicians are with Samsung, Etisalat Nigeria, and Uber.

Apart from Banky W been a singer, songwriter, and a Nigerian Actor.

Banky W is now known to be a politician who believes to works things out in Nigeria.

Currently, he has made it to the top 10 richest musicians in Nigeria with an estimated net worth of N3.5 billion.

7. Timaya – net worth of N4 billion


Timaya was born as Enitimi Alfred Odom in Port Harcourt, Rivers State, on August 15, 1980.

He began his singing and songwriting career when he established the music team “Dem Mama Soldiers” In 2005.

However, he started as a solo artist and move to launch his very first Album called “True Story” in 2006.

Later, he proceeds to release his next album “Gift Grace” in 2008.

After the launch of his third music Album entitled “De Rebirth”, Timaya climbed to global recognition as well as importance.

Today, Timaya has an overall of 6 albums and a lot of songs.

He is typically called the Dancehall King of Nigeria due to the fact that he is one of the most popular artists in this style.

Looking at his luxury lifestyle. Timaya owns a mansion located in Lekki and a fleet of cars that amount to his worth.

However, Timaya is estimated to worth N4 billion.

6. Peter Okoye(Mr. P) and Paul Okoye(RudeBoy) – net worth of N5.5 billion each

It is difficult to complete this list of top 10 richest musicians in Nigeria without mentioning the popular P-Square developed by Peter Okoye Paul Okoye.

However, these two wonderful brothers take the 6th position in the listing as well as have practically the same total assets.

Paul Okoye with a stage name “Rudeboy” and Peter Okoye with a stage name “Mr. P” was born on November 18, 1981, in Jos, Plateau State.

However, these two brothers founded an exceptionally preferred stage P-Square which was among the most well-known in Nigerian music.

Besides, the two brothers have separate and now have different stage names on there own.

Moreover, Paul Okoye currently has a good music career much like his brother with a preferred stage name “Rudeboy”.

Peter on the other side as a good music career with endorsement deals like Kia Motors and also Olympic Milk.

The siblings gained insane quantities of cash when they perform on stage together.

In fact, It was said that they used to charge N20 million per performance in Africa.

Looking at their lifestyles, these two brothers lives an extravagant life.

Among their assets are a mansion and a private jet.

However, both Peter (Mr. P) and Paul Okoye (Rudeboy) have an estimated net worth of N5.5 billion each.

5.2Baba (2Face Idibia ) – net worth of N5.8 billion

2Baba or 2Face Idibia was born as Ujah Idibia in Jos.

He is one of the top 10 richest musicians in Nigeria taking the 5th position.

However, he was born on September 18, 1975.

His music career started in secondary school days and move forward to perform at his university level.

Furthermore, he needed to disrupt his very own education to concentrate on his music career.

In fact, he was born talented and creative which has made him who he is today.

Looking at his profile, he was once awarded the best-known Afropop artist.

Up to date, 2Face have release 6 good Albums which has brought him so much money.

Moreover, other awards won by 2Baba (2Face) are MTV Europe Music Award, BET Award, and many others.

Looking at his luxury lifestyle, 2Baba owns two modern design mansions with exotic cars including Ferrari and Chevrolet Corvette Coupe.

However, 2Baba is estimated to worth N5.8 million.

4. D’Banj – net worth of N6 billion

Source: @Iamdbanj

D’Banj is recognized in the Nigerian Music industry because of his rhythmic music, unforgettable songs, as well as looks on television.

Numerous fans wish to know what, actually, his name means.

However, It is an imaginative combination of his actual name Dapo and also the last name Oyebanjo.

His real name is Oladapo Daniel Oyebanjo and he was born in Zaria, Kaduna State on June 9, 1980.

D’Banj has actually won lots of African, American as well as European on his music.

In 2016, he got on the 2nd position in T.I.N. Magazine as the top 10 richest Musicians in Nigerian.

However, he has now dropped to the 4th position on the list as new young musicians are taking the leads.

In spite of this reality, D’Banj still stays prominent as well as adored by lots of people not just in Nigeria but in various other nations as well.

He has launched four successful albums, featured on 2 collection albums.

In addition, the singer has launched a variety of hit singles.

Consequently, D’Banj acquired total assets estimated at N6 billion.

In fact, It is clear why he got numerous residences with classic enhanced rooms, pool, and costly natural leather furniture.

3. Don Jazzy – net worth of N7.5 billion

Don Jazzy was born on November 26th, 1982 in Umuahia, Abia State.

His real name is Michael Collins Ajereh, and also the owner of the Mo’Hits Records label.

However, he is best-known as a Nigerian producer, Songwriter, and singer.

He is found in the list of the top 10 richest musicians in Nigeria due to his musical ability, determination, as well as capability to engage with people.

Besides, his record label was established as a result of the cooperation with D’Banj in 2012.

Later, he pronounces the creating of a new record label called “Mavin Records”.

The artist began his collaboration with such celebrities as Dr. SID, Tiwa Savage, Di’Ja, Wande Coal, Korede Bello, Reekado Banks, and also lots of others.

Besides, he produces most of these musician’s songs and occasionally collaborates to release an album.

Apart from singing and also producing.

He got most of his job to do with endorsement companies like MTN as well as Loya Milk.

Looking at his lifestyle, Don Jazzy owns a mansion in Banana Island, one of the most expensive places to live in Africa.

For his exotic cars, Don Jazzy owns many cars including Bentley and Porsche Carrera.

Don Jazzy is estimating to worth N7.5 billion.

2. Wizkid – net worth of N8 billion

Wizkid All Song List

Wizkid was born as Ayodeji Ibrahim Balogun in Surulere, Lagos State, Nigeria.

However, he was born on July 16th, 1990.

He used to be an easy young boy that loved solo singing as well as had enough ability and also enthusiasm for song recording.

In fact, he started his music career as a solo artist in a pentecostal church with a stage name “Lil Prinz” before changing to “Wizkid”.

Later, he founded a group called “Glorious Five” at the age of 11 with his close friends in a church.

Moreover, there successfully created only one music before the group was dismissed.

In 2013, he founded his record label “Starboy entertainment”.

He became famous with the release of “Holla at Your Boy”, the track from his debut album “Superstar” in 2010.

Later on, he has actually released three mega-successful Albums, in addition to one compilation album.

However, he continues to pursue his music career until he releases the unbeatable song titled “One Dance” featuring Drake.

In fact, this track showed up in Guinness World Records.

For that reason, Wizkid ended up being the very first Afrobeat artist whose name was consisted of in this publication.

He likewise has more endorsement deals with MTN, Glo, Pepsi.

Looking at his exotic cars, Wizkid owns many cars including Porsche Panamera, Mercedez Benz and also BMW X6.

Due to all discussed over, Wizkid took care of to earn his insane N8 billion and get 2 houses in Lagos as well as Los Angeles.

1. Davido – net worth of N9 billion

Davido takes the lead of the top 10 richest musicians in Nigeria.

David Adeleke has known on stage as Davido tracks gather a crazy variety of views on YouTube.

Davido was born in Atlanta, the United States on November 21, 1992.

But his from the wealthiest family in which his father “Adedeji Adeleke” is a billionaire and a businessman.

Besides, that doesn’t mean that Davido gains its wealth from its father or another way round.

The famous Nigerian-American professional singer actually works for his money.

Moreover, He started his music career at Oakwood University, Alabama in the USA toward obtaining a degree in Business Administration.

Besides, Davido dropout from the same institution when he couldn’t make it through with grades.

He later relocated to London and focus specifically on Music but not with the support of his father.

However, his father who is the founder of Adeleke University went and paid Babcock university to start a music department.

Davido decided to honor his father and enrolled at the Babcock university in 2015 in which he have obtained a bachelor’s degree in Music.

Nevertheless, Davido earns most of his money from his own DMW record label and endorsement deals.

Most of his endorsement deals are with MTN, GLO, Guinness Nigeria.

However, the recent endorsement deal for Davido is with Infinix Nigeria. A mobile phone that focuses especially on Andriod.

Davido is said to own a house in Lekki, Lagos which is estimated to worth about N140 million.

In fact, there is also a rumor that Davido owns a house in Atlanta.

For Davido cars, we believe he owns one of the expensive cars in Nigeria which includes Mercedes Benz, Range Rover, Porche Carrera, Bentley, and Bentayga.

In fact, he bought a new Rolls Royce worth about N360 million in 2019

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