Nigerian Richest Musicians & Artists
Here is a list of the 10 wealthiest and most successful music artists in Nigeria.
The Nigerian music industry is by far the most influential in Africa. Nigerian artists are famous for taking Afrobeats to the world and helping give it global recognition. While there has been a noticeable increase in the demand for Afrobeats stars and tunes all over the world, artists have made a living touring the world, signing major deals, partnering with brands, and also selling their music.
Months back, it was reported that CKay had made over N2.6bn from the sales of his viral hit song, “Love Nwantinti”. No doubt, artists like Wizkid, Burna Boy, Tems, Fireboy, and more have also raked in significant income from streams and digital sales of their music. Looking at the success of their music, their multi-million Naira partnership deals, businesses, and successful tours, here is a list of the 10 richest music artists in Nigeria. Because the exact estimate of their net worths cannot be confirmed, this list will not be in any particular order.
10. Flavour
10. Flavour
Born Chinedu Okoli, Flavour or Flavour N’abania is a well-known Hi-Life, Dancehall, and Afrobeats singer and songwriter known for his many hits, including “Nwa Baby”, “Egedege”, and more. Flavour has signed deals with Guinness Nigeria, Life Lager Beer, Flat Tummy Tea, Bullet energy drink, ConOil, and more. He is a businessman who owns hotels in the South-Eastern parts of Nigeria. Amazon reportedly paid him a whopping $3m for his Biopic.
9. Tiwa Savage
9. Tiwa Savage
British Nigerian singer and songwriter Tiwa Savage is one of Nigeria’s most prominent and successful musicians. She is known for her hits “Somebody’s Son”, “All Over”, “Malo”, etc. Tiwa has partnered with top brands and performed with the world’s biggest stars. She has also made a fortune doing this. She has signed deals with Pepsi, Cadbury, Pampers, Globacom, Forte Oil Plc., Aquazzura, and more.
8. Peter Okoye (Mr. P)
8. Peter Okoye (Mr. P)
P Square is arguably the most famous duo to emerge from Africa. It consisted of twins Peter and Paul Okoye, who attained fame by singing and dancing. They became household names across Africa and the world and debuted successful solo careers. Mr. P has collaborated with top brands and signed several multi-million Naira deals with Kia motors, Tecno mobile, Olympic milk, Merrybet, MTN, Pedini, and more.
7. Paul Okoye (Rudeboy)
7. Paul Okoye (Rudeboy)
When Rudeboy sings, “Reason with me, if I no get today, I go get am tomorrow”, he knows exactly what he’s saying. The one-half of the P Square duo has had success in the music industry and collaborated with top brands like his equally famous twin. He founded the Fire Department Inc. record label in 2019. He also has endorsements with Coca-Cola and more.
6 2Baba
6 2Baba
Innocent Idibia, professionally called 2Baba, is famous for many things, including being a musician, singer, songwriter, record producer, entrepreneur, philanthropist, humanitarian, and activist. 2Baba earned a loyal fanbase with his successful music career. He is globally known for the love song, “African Queen”. He has since made a fortune performing worldwide, starting businesses, and partnering with brands including Airtel, Globacom, Pazino Homes and Gardens, Oraimo, and more.
5. Olamide
5. Olamide
Olamide Adedeji, a.k.a Baddo is one of Nigeria’s most influential musicians. Singing and rapping in the indigenous Yoruba language, Olamide has amassed more fans than almost anyone in the country. He is also credited for the success of various artists, including Adekunle Gold, Lil Kesh, Fireboy, and more. He is the founder of the independent record label YBNL Nation, home to Fireboy DML and more. Olamide signed deals with Ciroc, Globacom, Guinness, iTel Mobile, and more.
4. Don Jazzy
4. Don Jazzy
Michael Collins Ajareh, a.k.a Don Jazzy, has been called the Dr. Dre of Africa. He is the founder and CEO of the popular Mavin Records, formerly home to Tiwa Savage and Reekado Banks. The label’s lineup includes Rema, Ayra Starr, Johnny Drille, and more. Don Jazzy is one of the most influential voices in the Nigerian and African music industry. He has signed deals with Loya milk, MTN, Quidax, V Bank, and more.
3. Davido
3. Davido
Arguably Nigeria’s most endorsed celebrity, David Adeleke, a.k.a Davido, has made a fortune from music sales, brand collaborations, Club appearances, and live performances worldwide. He is one of Nigeria and Africa’s best-selling artists and a successful businessman. Davido is the founder and CEO of Davido Music Worldwide, a record label that debuted acts like Mayorkun, Peruzzi, Liya, etc. He has deals with Martell, Puma, Travelbeta, Pepsi, Close Up, Wema Bank, MTN, Infinix, and more.
2. Wizkid
2. Wizkid
Ayodeji Ibrahim Balogun, a.k.a Wizkid, has been called a silent achiever. He has never been known to shout out his achievements since fame. The Grammy-winning singer and songwriter has gained acclaim for his chart-topping and record-breaking album, “Made In Lagos”. He was reportedly paid 1 million dollars each to headline two international festivals. Wiz gained praised in 2021 when he sold out the O2 Arena in London thrice. Wizkid has signed deals with the United Bank of Africa (UBA), Pepsi, MTN, Nike, Dolce & Gabbana, and more. He is the founder of the record label, Starboy.
1. Burna Boy
1. Burna Boy
Damini Ogulu, popularly called Burna Boy, Odogwu, and African Giant, is one of Africa’s most prominent and influential music artists. Burna gained international recognition following his hit album “African Giant”. He has broken many records and set major milestones all over Africa. Burna bagged a Grammy award in 2021 for his album “Twice As Tall”. He has also collaborated with top brands and sold-out arenas worldwide. He became the first Nigerian and African artist to sell out the Madison Square Garden in 2022. Burna calls himself the highest-paid artist in Africa.
