Richest Musician In Nigeria: The Top 20 Richest Musicians in Nigeria in 2023 & Their Net Worth will be broken down in this post.
These richest musicians in Nigeria, according to Forbes, have amassed a sizable fan base over the years, which has given them much-needed exposure both domestically and abroad. They are also well-liked in the Nigerian music scene.
These top rich artists in Nigeria are veterans of the entertainment industry, despite the fact that they currently have other assets in addition to their musical careers.
However, The names and net worths of Nigeria’s top richest and wealthiest musicians are listed below.
TOP 20 RICHEST MUSICIANS IN NIGERIA 2023 & NET WORTH
1. DAVIDO’S NET WORTH IS $70 MILLION (Richest Musician In Nigeria)
Although David Adeleke is the real Davido, he goes by the stage name OBO, which stands for Omo Baba Olowo. He is another well-known artist in Nigeria with $40 million estimated net worth.
One of the richest families in the nation is the one Davido comes from. He has released a number of top-charting songs over the years, and he continues to rule.
The songs Flora my flower, Aje, Aye, See Gobe, and Assurance are among of his most recent hits. Chioma is his current Baby Mama as of the time of this report.
2. MR. P’S NET WORTH IS $66.6 MILLION
Peter is not merely one of the most well-known musicians in Nigeria; together with his twin Paul Okoye, he has carried his music worldwide and collaborated with artists like Rick Ross, Dave Scott, Akon, etc.
He enjoys dancing and is excellent at rhythmic dancing, just like Michael Jackson, who was his idol at the time.
Mr. P is currently the second richest artist in Nigeria with a net worth of $66.6 million (N26.6 billion Naira) with the release of “Get Squared,” a popular project in which he appeared.
3. RUDE BOY NET WORTH IS $66.1 MILLION (Richest Musician In Nigeria)
Paul Okoye and his twin brother make up the well-known musical duo P-Square. He performs under the name Rudeboy.
He and his twin brother Peter Okoye are also well-known. Unfortunately, they disagreed on a number of points that separated them.
However, Both Paul and Peter started their musical careers with one another and have won countless awards. His songs always have spot-on lyrics, and his voice is pretty distinctive.
4. DON JAZZY NET WORTH $65.3 MILLION
With a net worth of $17.5 million, It is safe to say that Don Jazzy is the richest music producer in Nigeria and possibly africa.. He launched now-defunct Mo’ Hits in 2014 and Mavin Records, a major music record label.
There are many well-known artists signed there, including Korede Bello, Dija, Tiwa Savage, Dr. Sid, and others. According to estimates, Mavin Records is worth $100 million due to its international presence.
However, The award-winning music producer, who doesn’t have a song of his own, has been included in a number of tracks because of his unusual voice.
5. WIZKID’S NET WORTH IS $63.3 MILLION (Richest Musician In Nigeria)
With an estimated net worth of $30 million, Wizkid is ranked by Forbes as the second-richest musician in Nigeria for the year 2022. The young star of popular music began performing when he was just 11 years old, and since then, he has had tremendous success.
You will learn that Wizkid’s success story wasn’t straightforward when you read all about him and his beginnings. In 1990, he was born in Surulere, Lagos State, where his father had wed three wives.
However, Although he professed Christianity, Wizkid’s real name is Ayodeji Ibrahim Balogun, and Starboy claimed in an interview that his father was an Islamic convert.
6. BURNA BOY NET WORTH $46 MILLION
The entertainer Burna Boy experienced great success in the Nigerian music sector. Nigerian musician and songwriter Damini Ebunoluwa Ogulu is known by his real name.
After releasing “Like to Party,” the main song off his debut studio album L.I.F.E., he rose to fame in 2014. (2013).
However, Burna Boy is another prominent Nigerian musician. At the 2022 BET Awards, he took up the Best International Act honor.
7. 2FACE IDIBIA NET WORTH $37 MILLION (Richest Musician In Nigeria)
Another well-known Nigerian artist, 2face, is said to have a net worth of $16 million, according to Forbes. He previously belonged to the now-defunct Plantashun Boiz, along with his buddies Face and Black Face.
Innocent Idibia, better known as Tuface, was born in Jos. He has won numerous honors in Nigeria and abroad for one of his most well-known hit songs, “African Queen,” which has sold millions of copies worldwide and topped the music charts.
However, among others, the finest musician of the year, the MTV Award, the Channel O Music Video Award, the BET Award, and the MOBO Award.
8. D’BANJ’S NET WORTH IS $30.1 MILLION
Oladapo D’banj, real name Daniel Oyebanjo, is a Nigerian rapper, musician, and entrepreneur who co-founded Mo’ Hits Records with producer Don Jazzy.
Unquestionably, Dbanj is one of the wealthiest musicians in the country. When he was a member of the record label MO Hits Record, which became well-known in the late 2000s, the majority of his hit songs were released.
He has already received numerous awards, including the MTV Europe Music Award for Best African Act and the MTV Africa Music Award for Artist of the Year.
9. ASA’S NET WORTH IS $28.8 MILLION
Asa, a Nigerian/French musician best known by her stage name Bukola Elemide, became well-known after releasing her first track, “Eye Adaba.”
A jury of 19 music industry professionals in Paris recognized her as the best new talent among ten singers or groups after she swiftly published her incredible album “Asa,” which led to her being crowned the winner of the French Constantin Award in 2008.
She is a calm and reserved individual who once remarked that she takes on an entirely new persona when performing.
10. FLAVOUR’S NET WORTH IS $25 MILLION
Flavour N’abania is his stage name, but his true name is Chinedu Okoli (stage name). He is another performer whose intriguing tunes have helped him become famous and wealthy.
He began his musical career as a drummer in his church when he was young and has since developed into one of the nation’s most well-known performers. Due of his lean figure, Flavour also works as a model.
His popular song Ada Ada was nominated in 2014 for an MTV Africa Music Award for best video of the year.
11. OLAMIDE’S NET WORTH IS $14 MILLION (Richest Musician In Nigeria)
Olamide Adedeji, better known as Badoo, is one of the wealthiest musicians in 9ja, with a $12 million estimated net worth.
He is also Nigeria’s top Yoruba rapper and has so far put out roughly seven albums. Olamide is among the most well-liked superstars in the nation in terms of popularity. Together with other hip-hop artists, he has appeared in a lot of tracks.
12. PHYNO’S NET WORTH IS $11 MILLION
Chibuzor Nelson Azubuike is the real name of the Igbo rapper, singer, songwriter, and record producer known as Phyno Fyno.
He is a gifted actor with an $11 million net worth. He is currently successful and is one of the top 5 fastest rappers in the nation.
However, Before moving to Lagos and joining Olamide to advance his career, Phyno started rapping in 2010 utilizing the Igbo accent. Phyno has advanced music, much like Olamide has.
13. NAIRA MARLEY NET WORTH IS $2 MILLION
Naira Marley is a fairly well-known Nigerian musical sensation with a considerable fan base, especially among young people.
Despite having a long history in the music business, Naira Marley only became well-known with the release of his smash hit “Issa Goal,” which also included major stars like Olamide, Falz, Slimcase, Lil Kesh, and Simi.
However, His true name is Azeez Fashola, and he was born in Agege, Lagos state, on December 9, 1994. When he was 11 years old, Naira Marley moved to South London, England, where he attended Porlock Hall.
14. TIMAYA’S NET WORTH IS $12 MILLION (Richest Musician In Nigeria)
Enetemi Alfred Odom, best known by his stage name Timaya, is a Nigerian singer and songwriter. He was born on August 15, 1980. He is the organization’s founder of DM Records.
“Dem Mama,” which was included on his debut album, True Story, which was released the following year, marked the beginning of his solo career in 2005.
Howeverr, Timaya, a star with a net worth of $10.5 million, is another singer that made it onto our list of the wealthiest Nigerian artists in 2022.
15. PSQUARE NET WORTH $150 MILLION
Without discussing the Psquare, who are both listed on Forbes’ top ten richest musicians in Nigeria for 2022 and have an estimated net worth of $10 million, no discussion of the entertainment sector would be complete.
In Jos, where they were into break dancing and singing, their musical journey began. Peter and Paul Okoye were both so well-liked that word of their renown traveled throughout Africa and they were both well-known on the global stage.
So was the tale of their luxurious lifestyle, which included the purchase of a multi-million dollar mansion in Lekki, several luxury vehicles, numerous endorsement contracts, and a slew of musical prizes, including Best Dancers of the Year, MTV Awards, MOBO Awards, KORA Awards, the Headies, etc.
16. TIWA SAVAGE’S NET WORTH IS $9 MILLION (Richest Musician In Nigeria)
With an estimated net worth of $9 million, Tiwa Savage continues to hold the title of the richest female artist in Nigeria according to Forbes.
“Kele kele love,” her debut single, was a hit and peaked in the Nigerian music charts. She also works for the Marvin Records label, where she has put out many intriguing tunes.
She dances as well and has appeared in events around the world. Her brand sponsorships include Pepsi, Konga, Maggi, and Forte Oil. She recently agreed to a multimillion-dollar contract with Jay-record z’s company.
17. TENIOLA APATA NET WORTH $8 MILLION
Many in the music industry were startled by Teni’s journey to being one of the wealthiest female performers in Nigeria.
In 1992, on December 12th, Teni was born. After returning from the US in 2016, she began her musical career by signing with the top music producer Shizzi’s Magic Fingers record label.
She subsequently signed with Dr. Dolor Entertainment in 2017, and her hit singles Askamaya, Case, and Uyo Meyo became some of the year’s most well-known and successful songs.
18. TEKNO’S NET WORTH $8 MILLION (Richest Musician In Nigeria)
One of the top musicians in Nigeria, Tekno goes by the name Kelechi, and he creates his own beats for his songs. Despite being born in Bauchi State, he is an Ebonyi State native.
His singing and dancing prowess is well-known. He has received numerous accolades for his song. Over time, Tekno has created beats for artists including Starboy and Davido.
However, Tekno is thought to be worth $8 million in assets, sponsorships, and net worth.
19. JIDENNA NET WORTH $7 MILLION
Popular Nigerian-American singer Jidenna Theodore Mobisson was created in the United States by an American mother and an African father. His success in the music business has allowed him to reclaim his position as one of Nigeria’s highest-paid musicians in 2022.
He has worked with a variety of both domestic and international artists, and in December 2015, at the Soul Train Music Awards, he took home a number of honors for being the best new artist.
Over time, his CDs have also topped the charts, and he has received support from well-known companies. One of the top musicians in the nation, Jidenna, has a net worth of $7 million.
20. YEMI ALADE NET WORTH $6 MILLION (Richest Musician In Nigeria)
Yemi Alade is a wealthy female artist from Nigeria who became well-known after releasing her hit song “Jonny.” According to Forbes, she has a $6 million net worth.
In fact, her videos received more YouTube views than any other female artist in the nation in 2017.
This attractive superstar has interesting music on release and has traveled to numerous nations in Africa and beyond.
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