Nigeria Richest Musicians 2021 (Top 10 List )

Nigeria Richest Musicians 2021 Top 10 List 

Nigeria Richest Musicians 2021 Top 10 List 

Richest musicians in Nigeria
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Fans of Music singer are always interested in knowing richest Musicians in Nigeria their net worths and the ranking position of their favorite stars and how they manage to stack up in the list.

Contrary to the popular opinion, top stars may not necessarily be on top of the worth list. this leave many Nigerian music lovers and fans of the various music stars searching the internet trying to know the position of their favorite.

richest musicians in Nigeria

Nigeria is known to many as the land of Afro-pop, and this is because the country is home to many Afro-pop artists. These artists have managed to rake in enormous amounts of money from their profession, and they are worth being lauded for their contribution to the entertainment industry in Africa and beyond. Here are details about the net worth of the richest Nigerian musicians.

Richest Musicians In Nigeria 2021
On this list, we are going to give you an answer to your questions which are

Top 10 richest musicians (Artistes) in Nigeria and their net worth 2021
Richest musicians in Nigeria
Who are the top richest musicians in Nigeria 2021? And many others related questions that land you on our page
Top 10 richest musicians (Artistes) in Nigeria and their net worth 2021

  1. Davido Net Worth $40 million Dollars

Nigeria Richest Musicians 2021 Top 10 List 

Here comes the current richest musician in Nigeria, and that is Davido. His real name is David Adeleke, born in Atlanta, United State of America to a rich family. His father, Dr. Deji Adeleke is a co-founder of the Adeleke University in Osun state, and the CEO of Pacific Holdings Limited.

Top 20 richest musicians in Nigeria their net worth 2021

Davido is undoubtedly the richest musician in Nigeria today. He took the music industry by storm producing interesting songs. The song that brought him to great popularity is “Omo baba Olowo”; as it went viral especially in Africa. He has won series of awards such as the Mobo award, and also emerging the best African Act for the year, beating a field of artists, including Wizkid to get the price.

He is often called OBO, but in 2018 he is known with the popular slang “30 Billion”. Davido recently concluded a 30 billion concert show in which saw the likes of other popular artiste and celebrities in attendance.

Let’s not forgot that Davido is the son of one of the wealthiest men in Nigeria, Deji Adeleke. He also owns his own record label which is worth billions of Naira. He is presently signed with world music giants SONY records, known to sign best musicians in the Nigerian music industry like Tiwa Savage, Tekno and Wizkid.

Davido is a rich celebrity who has mansions, cars and series of investments due to his background. He is also a director in his father’s company.

As for his shows, he charges over 10 million per show. You hardly see him feature on adverts, so we can’t say if he has any endorsement deals. Davido’s net worth stands at an estimated $40 million dollar.

Davido recently bought a private jet which cost him N9.7billion. He also bought a N45 million car for his current girl friend, Chioma. Davido got an edorsement from infinix worthy over N350 million while Chioma got hers for N150 million too.

Richest Musicians In Nigeria.
Most Fans would ask, who is richer between Davido and Wizkid? or does Starboy has more money than Davido? You should know that both are wealthy but Davido richer than Wizkid in terms of cash.

2. Wizkid Net Worth $30 million

Nigeria Richest Musicians 2021 Top 10 List 

Wizkid is the second richest artiste in Nigeria this year. Wizkid’s real name is Ayodeji Ibrahim Balogun was recently ranked by Forbes among the richest celebrities in Africa in 2020.

Wizkid is the founder and CEO of Starboy music record label. He is an award-winning act who is recognized not only in Nigeria but internationally. His hit songs continue to top the musical billboard chart and have recorded financial success in the musical industry.

Richest Musicians In Nigeria
Some of the endorsement deals which Wizkid signed that worth millions of Naira and helped him rack up enough wealth are: Being an ambassador for Pepsi, Globacom (top telecom company in Nigeria), MTN deal worth N40 million, and his recent endorsement deal with UBA bank that worth N3 billion Naira.

Wizkid has cars, mansions in various countries plus other investment, businesses and assets. He charges over 10 million Naira per show and has an estimated net worth of $30 million dollars

Top 20 richest musicians (Artistes) in Nigeria and their net worth 2020


3. Don Jazzy Net Worth $15 million

Don Jazzy, is Nigeria’s wealthiest record producer and CEO of Mavin Records. He co-founded Mo’ Hits Records in 2004 which saw the likes of super stars D’Banj, Wande coal etc excel under him. Under his new record label, he has produced a lot of songs and also talents in the Nigerian music industry. Among which the likes of Tiwa savage, Korede Bello, Reekado Banks e.t.c have prospered under him.

Don Jazzy real name is Michael Collins Ajereh. He is reported to charge about N500,000 or more to produce a song which explains how he makes his money. He has signed various endorsement deals that worth millions of Naira.

Don Jazzy has 3 mansion, one at Lekki, one in Banana Island, Lagos and another at Los Angeles, USA. He also rides exotic cars inluding:Porsche 911 Carrera (~₦42 million) Bentley Continental (~₦25 million) Cadillac Escalade (~₦27.2 million) Mercedes Benz E350 (~₦20 million)

Don Jazzy is not yet married as of writing this post and his estimated financial worth is estimated at $35 million in dollars.

Top 20 richest musicians (Artistes) in Nigeria and their net worth 2021


4. D’banj Net Worth $13.5 million

The Nigerian hit songs by D’banj always come out spectacular; a musician with a controversial fan base as his will surely survive in the business. His real name is Daniel Oyebanjo Oladapo, born in Zaria on the 9th of June, 1980. D’Banj is known to be very keen to business opportunity even when it looks as if his performance both on stage and in releasing songs is reducing.

He is another richest Nigerian musician who has made wealth from his musical career and other investments. He has also signed top endorsement deals which have fetched him money in recent years.

He was formerly a co-founder of MO’ Hits record label with Don Jazzy before their split up. As a singer-songwriter, entrepreneur and television personality, Dapo has evolved into an international act. He is valued at $27.5 million dollar recently which makes him one of the richest musician in Nigeria 2020.

5. 2Face Idibia Net Worth $13 million

One of the best male singers in the country at the moment is 2face whose real name is Innocent Ujah Idibia. He was part of the defunct plantashun boiz and had been the richest musician in Nigeria and Africa for so many years before the likes of youngest artiste Davido and Wizkid ursuped his position.

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The music legend has produced hit tracks which has sold internationally and has topped the charts. African Queen still remains his best song so far as it is still in vogue since its release. 2baba is married to Annie Idibia and has other women outside wedlock who have children for him.

Apart from being a singer-songwriter, record producer, investment wise, he is an entrepreneur. He also has endorsement deals with top organizations in the country which runs in millions. It is rumored that 2Baba charges about 2.5 million naira per show. His worth is said to at an estimated sum of $22 million which makes him one of the top ten richest musicians in Nigeria.

Top 20 richest musicians (Artistes) in Nigeria and their net worth 2021

6. Olamide Net Worth $10.5 million

Olamide Adedeji known by his stage name Badhoo or Olamide is another wealthy Nigerian male rapper and musician and the founder and CEO of popular music record label in Nigeria – YBNL Nation. As for this 2020, he is known to be the richest Nigerian rapper.

Apart from making money through his music which have he sold over 40 million copies worldwide. He makes most of his cash from his collaborations with other musicians and his record label signees and event organization. Olamide is also a brand ambassador and a businessman who has invested heavily in Lagos state.

Olamide signed an endorsement deal with Ciroc worth N30Million. Other deals that he signed include being a brand ambassadors for Guinness worth N80Million, Etisalat deal worth around N50Million which has since being renewed with an additional N30 million Naira.

It is said that Olamide net worth in dollars in $6 million as of 2017 but his current financial status shows that he is more than that figure. Apart from the two filling stations and landed properties he has around the country, Olamide charges between N2 million to N4 million per show. Olamide Net Worth is currently estimated to be $10.5 million dollars

Top 20 richest musicians (Artistes) in Nigeria and their net worth 2021

7. Flavour Net worth $10.2 Million 

Chinedu Okoli better known by his stage name Flavour N’abania is a Nigerian male singer, songwriter, multi-instrumentalist and performer.He started his musical career as a drummer for a local church in Enugu State. He also is a popular musician in Nigeria.

The singer is valued at an estimated net worth of $10.2 million dollar. He has many investments in the south eastern part of Nigeria.

Flavour is not yet married but has children by different women, who are regarded as his baby mama’s. This richest musician in the country is also a model due to his physique.

8. Phyno Net Worth $10 million

The seventh richest Nigerian musician in the country is no other person than Phyno. His real name is Azubuike Nelson Chibuzor. He is the current second best rapper in the country who raps and sings in Igbo and English language fluently.

Apart from winning series of awards, Phyno has made a name for himself in the music industry as a top artiste and celebrity. He is built a brand for himself through his songs which sets him apart from other rappers. Phyno rich life style can be seen in his assets and financial worth.

Just like Olamide, Phyno also invested his wealth into fashion, real estate, etc. It is said that the duo can’t be matched in what they do as they have taken the entertainment market by storm by the way they perform on stage. Phyno charges about N2 to 3 million Naira for shows and his net worth is estimated to be $10 million dollar.

9. P-Square Net Worth $10 million

P-Square are still ranked one of the richest musicians in the country this 2020 even if they split. For those who don’t know about them, here is a brief profile on Nigeria’s most celebrated twins who took the Nigerian music industry to another level since their emergence.

Peter Okoye and Paul Okoye are twin brothers who sang and danced together from the onset before Paul decided to stop dancing and concentrate more on singing. Peter on the other hand choose to do both. They produced and released their albums through Square Records which was managed by their elder brother, Jude Engees.

Richest Musicians in Nigeria
It was until recently that they both split after some internal family issues and divided their properties among themselves which led to the dissolution of P-square to the abasement of their fans.

While they were together, they signed a record deal with Akon’s Konvict Muzik label.

It was said that P-Square charges a whopping N8 Million Naira per show. There was once a time they were first on the list. They made real cash and won series of awards. Forbes ranked them among the ten richest musician in a in 2014, 2015, and 2016 as the richest twins in Africa.

Apart from singing and dancing at shows, they have other investments which are not made public. It is rumored that both brothers have about 7 cars between them, mansions and even landed properties around the country and were worth about $40 million when they were together which made these richest Nigerian musicians plus other endorsements benefits.


10. Banky W Net Worth $9 Million Dollar

Banky W whose original name is Olubankole Wellington is a top African musician and also a great actor. He was born in the United States of America, but returned with his parents as a child to their homeland, Nigeria where he had his basic school. Banks W decided to move back to America; to have his higher education to return afterwards.

He came back to Nigeria and began singing in the year 2002 when he was about 21 years of age (born on the 27th of March, 1981). Banky W owned the popular Empire Mates Entertainment (E.M.E) record label which was dissolved and converted to a branding and advertising company; Banky succeeded in releasing five albums.

He had featured in so many interesting songs and the popular ‘Wedding Party’ movie, and has also exhibited a strong leadership will in the 2019 Nigerian political elections where he ran for House of Representatives. Olubankole Wellington is married to Adesua Utomi, the pretty Nollywood actress and they own a mansion along Admiralty way in Lekki phase 1, Lagos.

He has bagged a lot of awards in the R&B music category since 2006. This star has not only conquered the music industry but has also battled with health and survived when he dealt with a skin cancer operation in 2017.

Although being one of the richest musicians in Nigeria, Banky W. does not show off so much about his personal belongings. He has once spotted driving his 2008 Range Rover Sport (₦90 million) and a Toyota Prado (₦37 million) another time. People expected he would drive fancier cars like many other celebrities but he felt “what good is owning a Rolls Royce, if I’m still paying rent on the house I park it in?”


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