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 Nwantiti”. 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.
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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.
Flavour Net Worth
He is one of the richest musicians in Nigeria with an estimated net worth of $8.6 million. Over the years, Flavour has been successful in landing endorsement deals with a variety of companies.
Flavour has a wonderful sense of automobile selection; Flavour is reported to own four or more vehicles. They consist of a 2014 Mercedes Benz G63, a Lexus LX 570, a BMW X6, and a Range Rover Vogue.
It seems to reason that Flavour has a lavish property as he claimed in an interview that he long ago bought a house for his mother. The amazing superstar is reportedly the fortunate owner of a multi-million naira property in Lekki, Lagos State. The famous singer and his friends spend together at this opulent home, which has several rooms and a pool.
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.
Tiwa Savage Net Worth
Tiwa Savage is the richest female musician in Nigeria and probably all of Africa with a net worth now estimated at $10.8 million.
Tiwa Savage Cars
Tiwa owns a great collection of expensive vehicles, which include a Mercedes-Benz Sprinter, a Bentley Bentayga, a Rolls Royce Phantom, and others that we perhaps don’t know of.
Tiwa Savage House
At Heaven Homes in Richmond Estates, Lekki, Lagos state, Nigeria, Tiwa Savage purchased pricey property for 75 million naira. She has joined the elite group of famous people residing at this estate.
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.
Peter Okoye Net Worth
Mr. P has a net worth of roughly $10.4 million. He is the owner and CEO of Zoom Lifestyle Lottery, and business is booming. The objective of Zoom LL, which launched in February 2019, is to transform many people’s lives. Additionally earning excellent money, he has served as a judge on a few talent competition shows.
Peter Okoye Cars
Mr. P certainly has a thing for vehicles, especially expensive ones. He has accumulated a variety of vehicles throughout the years, including a Range Rover, a Dodge Challenger, a Jeep Wrangler, a Mercedes Benz G-Wagon, and a Porsche 718 Cayman.
Peter Okoye House
Mr. P resides in a mansion worth 1.5 billion naira that is located on Banana Island in Lagos. The house contains a music studio, a gym, a movie room, as well as many other amenities. In Atlanta, Georgia, Peter Okoye also has a mansion that is next to his brother’s home.
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.
Paul Okoye Net Worth
Rudeboy has ascended to become one of Nigeria’s most influential and wealthy musicians as a solo artist. His current net worth has been reported to be $13 million, and it would have been roughly $25 million if P-Square had stayed together for the number of years they had been separated.
Paul Okoye Cars
The singer’s automobile collection is not fully disclosed to the public, but we know that he owns a Bentley Bentayga, a Mercedes-Benz GLE43 AMG 4MATIC Coupe, a Lamborghini Huracan, a Lamborghini Aventador Roadster, a BMW X6, a Jeep Wrangler, and a Range Rover2014 Benz C-Class Coupe.
Paul Okoye House
Before P-Square momentarily went out of business, Rudeboy and his twin brother shared ownership of several properties. On Lekki, Omole Estate, Ikoyi, and Banana Island in Lagos, they had opulent structures. In Parkview Estate, Ikoyi Lagos, Nigeria, Rudeboy owns his own mansion.
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.
2Baba Net Worth
With a net worth estimated at $10.2 million naira, 2Baba ranks among the richest musicians in Nigeria. He has a long list of endorsement contracts with both domestic and international companies.
Due to his success as a musician, 2Baba is able to afford the nicest vehicles, such as a Range Rover Sport SUV, a Ferrari Coupe, a Bentley Continental GT, a Mercedes Benz G-wagon, and two Toyota Landcruiser Prado jeeps.
The singer has acquired real estate both domestically and abroad, specifically in the US, Lagos, and the Nigerian states of Benue. He is the owner of two mansions, one a five-bedroom duplex in Richmond Gate Estate and the other a lavish residence on Banana Island, both of which are claimed to be worth over 400 million Naira.
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.
Olamide Net Worth
Olamide is currently estimated to be worth $10.2 million. The YBNL boss has sponsorship deals with numerous prestigious businesses. The value of these endorsements is millions of naira, of course.
Olamide has four known cars and they include a Lamborghini, a Toyota Camry, a Mercedes-Benz G Class, a Range Rover V8, and a Rolls Royce Phantom.
In the cosmopolitan city of Lagos, Olamide owns a sizable number of landed homes. Just the public isn’t informed of them
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.
Don Jazzy Net Worth
Don Jazzy is listed among the top 10 wealthiest musicians in Africa on the Forbes list with an estimated net worth of $10 million.
Don Jazzy Cars
He reportedly has more than four expensive cars that are suitable for a record executive, according to online sources. They include a 2016 Cadillac Escalade, a Bentley Continental Flying Spur, a Range Rover Sports, and a Porsche 911 Carrera.
Don Jazzy House
In Banana Island, Lagos, he owns a home worth 150 million naira. The legendary producer also owns another home in Lekki, which he refers to as his “Lekki office.” He paid 160 million naira for this home.
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.
Davido Net Worth
A rough estimate of Davido’s net worth puts it at $18.4 million.
Davido is a stylish individual who enjoys driving expensive vehicles. A 2021 Rolls Royce Cullinan, a Lamborghini Huracán, a Luxury Sprinter Bus, a Bentley Bentayga, a Porsche Panamera Turbo S, a Range Rover, an Audi R8, and a Mercedes-AMG GLS63 are just a few of the fast cars he has amassed over the years.
One of the singer’s two homes is in Atlanta, Georgia, in the United States. His second home, which cost him $20 million, is a N140 million mansion in Lekki, Lagos State, Nigeria. Aside from the basement, it was said that the home features two floors, a Jacuzzi, a swimming pool, and a fully equipped gym.
Davido decided to relocate to his ideal home with an elevator in Banana Island, Lagos, after living in Lekki for so long. Davido has yet to reveal how much this brand-new, opulent house cost to buy.
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.
Wizkid Net Worth
Wizkid has an estimated net worth of $20 million.
The collection of cars owned by Wizkid include a Bentley valued at 45 million naira, a Lamborghini Prime X2 worth up to 28 million naira, a Porsche Panamera worth 13 million naira, a BMW X6 worth 11 million naira, a Mercedes Benz 2012 Compressor valued at 9 million naira, a Hyundai Sonata valued at 6 million naira, and the newly acquired Lamborghini Urus.
Wizkid paid 68 million naira for his very first home in 2013. The home is situated in the affluent Lekki neighborhood of Lagos, Nigeria. He also owns a second home in Surulere, Lagos, which he paid $13 million for. Additionally, Wizkid has a three-story mansion in Los Angeles, California, which is said to cost between $10 million and $15 million. According to reports, this home boasts a cutting-edge pool. He purchased this home in 2016. He reportedly also bought a house in Ghana.
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.
Burna Boy Net Worth
Burna Boy has an estimated net worth of $26 million.
Burna Boy Cars
Burna enjoys driving expensive and luxurious vehicles, as seen by his priceless collection. In addition to a 2022 Lamborghini Urus Novitec Edition, a Range Rover Autobiography, a 2013 Ferrari 458 Italia, a Rolls-Royce Dawn Convertible, and a Bentley Continental GT, he also drives a number of other vehicles.
Burna Boy House
Burna Boy acquired an 8-bedroom mansion at Lekki in Lagos, Nigeria for an undisclosed but pricey price.