The music industry in Nigeria is extremely lucrative due to their audience in and outside the country. The industry is one of the fastest industries in Africa.
In the article, I will share the top 10 richest African musicians based on their net worth, awards, and investments.
10 Richest Nigerian Musicians in Nigeria
The top 10 richest musicians in the Nigerian music industry today with their net worths include;
Asa
The Nigerian-French musician worth $10.5 million came into the limelight with her debut single \”Aye.\” Her album, Asha makes her the winner of the French Constantine award in 2008 from among ten singers judged by a jury of 19 music experts in Paris.
She won several awards, including a nomination for the best R&B Hip Hop album, best alternative song, best vocal female performance, and best recordings of the year at the 2015 headies.
She took a break and returned with a new V album in 2022. She lived a quiet life and kept her businesses private. So, her cars and houses are unknown.
Timaya
He has a net worth of about $11.8 million. He is popularly known as Plantain Boy, born on the 15th of August 1980. He began with a music group called Dem Mama Soldiers. In 2007, he released a true story closely followed by other big hits like gift and grace, released in 2018.
Timaya is the CEO of DM Record Label, which signed King Perry, Runtown, and Patoranking. He owns a mansion worth 250 million at Lekki, Lagos, and several fleets of cars, especially Mercedes-Benz, of different colors.
Phyno Fino
He is worth $12.3 million. An Anambra-born music crooner has acted as a producer for well-known musicians like Flavor, Timaya, Mr. Raw, and others.
Phyno and Olamide collaborated on rapping in their various indigenous languages. They released a debut album titled \” Two Kings.\” Phyno has received many awards, including the best song of the year award, best collaboration, and other nominations.
He bagged endorsement deals with Nairabet, Nigeria breweries, airtel telecommunication, and others.
He is a proud owner of the Chevron Flat duplet at Chevron drive, which cost about 170 million nairas, and Enugu with other flashy brands of cars such as Bentley Continental GT, Rolls Royce, and so on.
Olamide Baddo
He is an indigenous rapper known to sing in Yoruba. He has tagged the name Baddo Sneh following his debut single released in 2015.
He is worth $16 million. He started his music career with the Coded Tunez label but is now a proud owner of the YBNL.
He has signed many music stars like Adekunle Gold, Fireboy, Lil Kesh, Temmie Ovwasa (YBNL Princess), and so on. He had bagged several awards, such as the best Indigenous artist album of the year, with many nominations.
The P-Square
It is a duo of singers, Peter and Paul Okoye, with their brother Jude Okoye being their manager. They are worth $17 million combined.
They came into the limelight with hit songs like Busy Body, Go down, Personally, and many bangers. They were doing so well until they parted in 2016 due to misunderstandings.
With this breakup, they have different names, Mr. P and Rudeboy. They reconciled after six years and released a song titled \”Jaiye.\” They both own mansions on the island and landed properties in Nigeria and overseas with feet of cars.
They also have endorsement deals with companies.
2Face Idibia, now known as 2Baba
With an estimated worth of $18.2 million. He is an Afro-pop singer that started his career with a trio called \”The Plantashun Boys.\”
After the split, he came into the limelight with his debut single, \”African Queen,\” which won him awards. He started his solo career at Kenny\’s Music, and since then, he has been consistently dropping hits back to back.
He has received 70 awards, including the Headies award, Bet award, MTV base award, etc. He is a record label boss of Hypertech Music.
He owns mansions in Ikeja Lagos, Lagos Island, also overseas. He owns fleets of cars and is also an ambassador of companies such as Guinness.
Burna Boy, popularly known as Oluwa Burna
He is a Grammy award winner worth $20 million. The afro singer rose to national acclaim in 2012 after he released like to party in his debut album LIFE.
He won the best international act award in 2019, the African best artist award in 2020, and many more. He owns many mansions in Lekki Ikeja, Lagos, with fleets of luxury cars, including Bently, Phantom, Roll Royce, etc.
Don Jazzy
A record label boss, singer, producer, and award winner is worth $20 million. He has been able to establish himself as an authority.
He started his music career in collaboration with D\’banj to establish the Mo Hit record label, which consists of signees like Wandecole, Da\’Prince, and so on.
The fall of the Mo Hit record label birth the Mavin Records, and it has been a banger with signees such as Reekado Banks, Korede Bello, Arya stark, Crayon, Dr. Sid, and even the music tycoon Tiwa Savage.
Don Jazzy has received awards such as the best producer of the year for the song Over the moon, Dorobuchi in 2014, Mr. Endowed in 2011, and many more.
He ensured that he left no stone unturned in the music industry and trusted me; he has done a great job.
Davido
The DMW boss, worth $ 28 million, is the son of the famous business tycoon Chief Adeleke. Despite his silver spoon background, he has earned his position in the music industry and is given accolades with his back-to-back jams, such as Ekuro, Skelewu, etc.
He has successfully established himself as a record label boss and collaborated with signees, such as Mayorkun, Dremo, and Peruzzi, with hit songs like I don\’t need to Mind, and so on.
Since his rise to fame, he has won several awards like Bet and MTV Base and signed endorsements with companies like MTN and Guinness Nigeria.
Wizkid
He is the richest musician in Nigeria in 2023, with a net worth of $30 million. He was signed into the EME Crew led by Banky W in 2009.
He started his music career in 2010 by releasing his first hit single, Holla, your boy, which won him the next standard at Headies in 2011.
By 2011, his superstar album marked a turning point for his music career. The album ranked as the best-selling album, with over five million copies sold.
He is labeled as the most streamed Nigerian musician in the world. His success is a global phenomenon, as his influence has made Nigeria\’s translational music center.
He bags endorsement deals, contributing to his success in the music industry.
Conclusion
Well, a lot of musicians have several properties that are unknown to the public. That makes it difficult to say the exact worth of each of them.
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