Are you looking for top richest musician in Nigeria? You are at the right place! We will be focusing on the most popular Nigerian musicians within their diverse variety of musical abilities. Nigerian music enthusiasts are the world’s biggest music consumers, according to a report titled “Engaging with Music 2022” by the International Federation of the Phonographic Industry (IFPI). Nigeria’s music industry is expanding quickly, with an anticipated annual growth rate of 8.6%.
This makes it one of the creative industries with the fastest global growth. The study, which encompassed more than 44,000 music lovers from 22 different nations, emphasizes the growing importance of regional music styles, particularly the well-known Afrobeat sound pioneered by West Africa. Continue reading to know in detail about the top richest musician in Nigeria.
Introduction: Top 10 Richest Musician in Nigeria
The top richest musician in Nigeria are listed in this article because Nigerian music is a significant global force. The sector is immensely lucrative and worth trillions of naira. Talented musicians have benefited financially and assisted in the expansion of the field. Through streaming services, many Nigerian musicians have achieved international success, particularly in the Afro Beats genre. In this article, we will discuss about such top richest musician in Nigeria.
1. Davido
Net Worth- $32 Million
- David Adedeji Adeleke, famous by his stage name Davido.
- He is a well-known Afrobeat musician and is the top richest musician in Nigeria.
- Time Magazine named him one of the world’s most influential people in 2021.
- Davido has endorsement deals with a number of companies, including MTN, Guinness Nigeria, Sony Music, and Infinix mobile.
- These deals, as well as his music projects, significantly increase his amount.
- His net worth is estimated to be around $32 million making the number one top richest musician in Nigeria.
2. Wizkid
Net Worth- $20 Million
- Wizkid, the top richest musician in Nigeria, with an estimated net worth of $20 million.
- Wizkid makes the most of his money through song royalties, sponsorship deals, and concerts.
- Since his breakthrough single “Holla at Your Boy” in 2010, Wizkid has smashed multiple national and international music records.
- He created history as the first Nigerian artist to sell out the 02 Arena in London for three consecutive nights.
- He is regarded as one of the most adored musicians in Africa.
3. Don Jazzy
Net Worth- $17 Million
- Collins Don Jazzy, real name Michael Ajereh, is a musician, businessman, and music producer.
- With a net worth of $17 million, Don Jazzy is the third top richest musician in Nigeria.
- He co-founded Mo-Hits Records with Oladapo Daniel Oyebanjo.
- He is better known by his stage as Dbanj, was a key factor in Don Jazzy’s rise to wealth.
4. Bruna Boy
Net Worth- $17 Million
- Burna Boy, often known as the African Giant, is one of Nigeria’s richest musicians and a hugely prominent musician in Africa.
- Burna Boy is the first Nigerian artist to gain back-to-back Grammy nominations.
- He is also the second most streamed Nigerian artist, behind Rema.
- Burna Boy, who has a net worth of $17 million, is the fourth top richest musician in Nigeria.
5. 2face
Net Worth- $15 Million
- Prior to signing with the Kennis Music Record Label, 2Baba was a member of the band “Plantashun Boiz.”
- He is also known as 2face or Tuface.
- The Obafemi Awolowo University (OAU) in Ile Ife, Osun State, received a multimillion-naira music studio as a gift from 2Baba in 2022.
- He rose to international recognition with his 2004 hit song “African Queen.”
- A $15 million estimate has been made for 2Baba’s net worth.
6. Psquare
Net Worth- $13 Million
- Psquare, also known as Peter and Paul Okoye, is one of Nigeria’s wealthiest musical groups.
- He has an estimated net worth of $13 million.
- After creating the musical group Psquare, the twin musicians became well-known.
- Psquare’s biggest success, “Senorita,” launched them to international prominence.
- The duo has also written other hit songs that have added to their notoriety.
7. D’banj
Net Worth- $11 Million
- The harp that belonged to his late older brother was used by Dbanj to launch his music career.
- He is now among Nigeria’s wealthiest musician and one of the most successful musicians of his generation.
- Dbanj is ranked as Nigeria’s 7th top richest musician in Nigeria, with an estimated net worth of $11 million.
8. Tiwa Savage
Net Worth- $11 Million
- Tiwa Savage is a rising celebrity in the Nigerian music scene and is a singer, songwriter, actor, and performer.
- Her personal wealth is $11 million.
- Tiwa Savage began her career by providing George Michael with background vocals.
- She has since worked with renowned musicians including Kelly Clarkson, Mary J. Blige, and Chaka Khan.
- Tiwa Savage has had a 22-year career and has shared the stage with artists including Eminem, Sting, and Destiny’s Child.
9. Olamide
Net Worth- $10 Million
- Olamide Adedeji is a Nigerian Yoruba artist from Lagos.
- He is regarded as Nigeria’s most well-known and one of the richest musicians.
- Olamide, the ninth top richest musician in Nigeria.
- His estimated net worth is of $10 million.
- He is famous for his street hip-hop and Yoruba rap styles.
10. Phyno
Net Worth- $9 Million
- The list of the wealthiest musicians in Nigeria is complete by the phenomenal rapper Phyno.
- He is well-known for his Igbo rap style.
- Since his debut in 2003, Phyno has worked in both music and cinema acting.
- Phyno’s net worth is estimate to be $9 million.
Conclusion
Nigeria has a rich musical past, with numerous folk music genres being link to the nation’s diverse ethnic groupings. Despite the discovery of bronze engravings from the 16th and 17th centuries showing performers and instruments, nothing is known about the history of music in the nation before European contact. Since the time, the top richest musician in Nigeria also has a significant impact on the music industry by helping to identify and assist up-and-coming artists. We hope you find this article helpful!
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