If you are interested in the world of music, you will probably want to know the answer to the question: “Who is the richest musician in Nigeria?” Of course, they are all talented, hardworking and each of them has a unique style of performing, but only the best of the best is on top of this list. Read on to find out the names of top 10 wealthiest musicians in the country.
These people are household names in the Nigerian music industry, and all of them definitely deserve the fame they already possess. Besides, these famous and richest Nigerian musicians not only make money for themselves but also enhance the country’s reputation in Africa and worldwide.
Who is in the list of the richest musicians in Nigeria?
To find out who is the richest artist in Nigeria 2021, one should take into account the net worth of each of them. Nigerian Infopedia presented a long list with the net worth of the most popular musicians in the country.
30. Falz $1 Million
29. Runtown $1.5 Million
28. Harrysong $1 Million
27. 9ice $1.08 Million
26. Reminisce $1.10 Million
25. Wande Coal $1.10 Million
24. Patoranking $1.11 Million
23. Ice Prince $1.25 Million
21. Chidinma Ekile $1.25 Million
Chidinma Ekile is a Nigerian gospel singer and songwriter famous for hits like Kedike.
20. Duncan Mighty – $1.8 million
Duncan is a Nigerian musician and producer who has produced hits like Hand of Jesus and Don’t Give a shot. He was born on October 28th 1993.
Besides his music talent, he studied Audio Engineering.
19. M.I. Abaga –
M.I. Abaga is a singer and the CEO of Chocolate City. He was born on 4th October 19981. The star is well known for hits such as One Naira, Your Father, Bad Belle, and Anoti. He has endorsed GLO Mobile before.
18. D’banj
D’banj is no new name in any list of the richest musicians in Nigeria. He was born Oladapo Daniel Oyebanjo on June 9th, 1980, in Zaria, Kaduna State.
D’banj has worked with brands such as Power Fist, Globacom, Bank of Industry, Heritage Bank, Beats by Dre, Ciroc Nigeria, and SLOT.
17. Kizz Daniel
Formerly known as Kiss Daniel, the Nigerian musician changed his name to Kizz Daniel in 2018.
He was born on May 1st, 1994, in Abeokuta, Ogun State, as Oluwatobiloba Daniel Anidugbe. He began having an interest in music when he was just 11 years old and has grown to become a renowned artist in the industry.
16. Teni
Teniola Apata was born as the ninth out of 10 children in her home. Her elder sister, Niniola, is also a popular songstress.
15. KCee
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 CEO 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 in nigeria.
14. Yemi Alade
She gained fame after winning the Peak Talent Show in 2009. She was born Yemi Eberechi Alade on March 13th, 1989, in Abia, Nigeria.
13. Tekno
Tekno Miles was born as 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.
12. Banky W
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 appearance on T.V. shows like Shuga and Jacob’s Cross.
Banky W has collaborated with brands such as Coca-Cola, Airtel, Microsoft, TomTom, Samsung, Uber, MTN, And Ciroc Vodka.
11. Tiwa Savage
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 also attended Berklee College of Music on a scholarship.
She has collaborated with numerous brands, such as Forte Oil, Star Radler, Maggi, and MTN Nigeria.
10. Flavour – $9.5 million
Chinedu Okoli, popularly known as Flavour, is a Nigerian singer who began as a church drummer. In 2014, his song, Ada Ada was nominated for the Best Music Video award at the year’s MTV Africa Music Awards. Some of his most popular albums include Thankful, Uplifted, and Blessed. His current net worth is $9.5 million.
9. Peter Okoye and Paul Okoye – $10 million each
8. Timaya – $10.5 million
This popular 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 popular artist in this genre. Timaya net worth is estimated at $10.5 million.
7. Phyno – $11 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, 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. Phyno one of the world’s household names in music with a net worth of..
6. Olamide – $12 million
Olamide Adedeji is known in Nigeria as Olamide (his other nicknames are Olamide Baddo and BaddoSneh). He is a rising superstar of 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.
His career blossomed in 2010 when he released his single Eni Duro and in 2011 his album Rapsodi.
Today, he has seven studio albums and is featured on one compilation recording. He has won many awards like a NEA, at the most prestigious Nigerian and African award ceremonies.
Olamide was also the first Nigerian celebrity to sign an endorsement deal with Ciroc. Currently, Olamide’s current net worth is about $12 million.
5. 2Baba (2Face) – $16 million
Ujah Idibia, who is better known under his stage names 2Face and 2Baba, takes the fifth position on the list of the most successful and the wealthiest Nigerian musicians.
The singer’s career started from zero: he performed at schools, and then at universities.
He currently, is one of the best-known Afropop musicians. Since 2004, he has released six albums.
4. Burna Boy – $17 million
Damini Ogulu, commonly known as Burna Boy, is a popular Nigerian 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 at $17 million.
3. Don Jazzy – $18.5 million
Famous Nigerian producer and singer Don Jazzy became rich and famous 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 the collaboration with D’Banj.
Aside from singing and producing, he also has profitable contracts with such companies as MTN and Loya Milk. Don Jazzy net worth is estimated at $18.5 Million today, and he possesses property in Banana Island and several cars like a Porsche Carrera and Bentley.
2. Davido – $19 Million
Davido is the second-richest musician in Nigeria. Davido’s songs gather a crazy number of views on YouTube, and he has a lot of endorsement deals with companies such as AXE and Infinix Mobility. He has managed to earn impressive $19 Million.
1. Wizkid – $20 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 in 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 has released three mega-successful albums, as well as one compilation album and even recorded a hit song One Dance with famous music performer Drake. This song appeared in 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 his impressive $20 Million.
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