Last updated on December 14th, 2023 at 10:50 am
Today, you will discover the top 50 richest musicians in Nigeria!
These artists weave a musical enchantment adored by all—their wealth springs not just from melodies but also from savvy business ventures.
With investments and brand collaborations, their musical prowess transforms into wealth.
Their tales inspire, turning dreams into grand realities, illustrating the power of talent and hard work.
These stories of success, from bedroom rehearsals to dazzling stages, inspire dreamers of all ages.
But first, let’s answer the question: who is the richest Naija artist?
Who is The Richest Musician in Nigeria?
Don Jazzy is the richest musician in Nigeria today, worth $52 million. He is the founder of Mavin Records, a label that has produced popular old Afrobeat sensations like Tiwa Savage, Reekado Banks, Wande Coal, Korede Bello, Dr. Sid, and new Afrobeat maestros like Rema, Ayrr Star, and Boy Spyce.
But who are the top 50 richest Nigerian musicians today? Let’s find out, shall we?
Top 10 Richest Musicians In Nigeria 2024
Who are the top 10 richest musicians in Nigeria 2024? The top ten richest musicians in Nigeria right now are:
| Don Jazzy | $52 million |
| P Square | $37.26 million |
| Davido | $27 million |
| Wizkid | $26 million |
| Burna Boy | $17 million |
| D’Banj | $15 million |
| Olamide | $12 million |
| Timaya | $11.4 million |
| 2baba | $10.2 million |
| Tiwa Savage | $10 million |
1. Don Jazzy Worth $52 million
Don Jazzy is at the top of the list of the richest musicians in Nigeria for 2023, with a whopping $52 million.
He’s the number one richest musician in Nigeria right now. Michael Collins Ajereh, which is his real name, makes his money by producing hit songs.
He’s known as the best music producer in Nigeria, and lots of famous and new singers go to him to make their music, which is why he makes so much money.
Don Jazzy even made it onto the Forbes Chart and got named as one of the top 40 most influential people in Africa.
Plus, he’s the big boss of Mavin Records, so we’re sure he will make even more money soon.
Don Jazzy is rich, and I compared his wealth to other A-list celebrities like 2face and Dbanj.
Next on Naija’s richest musicians list is Psquare. Let’s discover their richest, shall we?
2. Psquare Worth $37.26 million
Psquare, worth $37.26 million, has had a wild ride, with a big breakup in 2017 and then getting back together in 2022.
But even with those challenges, nobody can beat the wealth that Peter and Paul have built.
These twins make their money by making songs, performing at concerts, dancing, and producing music.
They’ve done other business, too, like big deals with companies like GLO, who want them to be the face of the business in the late 2000s.
This has helped Psquare get to a net worth of $37.26 million. A lot of their money comes from selling their music and from people listening to their songs online.
They’ve had over 242 million people listen to their songs on Spotify from their six albums.
Forbes keeps calling them the Best African Group, and they’re super famous in Africa.
Their catchy tunes and high-quality music have also helped them win 18 awards.
And yeah, they are one of the most popular musicians in Africa right now.
3. Davido Worth $27 Million
One of the most popular musicians in Nigeria today is Davido. Born David Adedeji Adeleke is a Nigerian musician who rose to prominence in 2012.
He has released five studio albums and won awards like BET, MOBO, AFRIMMA, and MTV. Today, he has received over 50 awards since his debut. You can read about the Davido Awards here.
With over 5 billion career streams, the singer is considered one of the richest artists in Nigeria.
Popular brands like Forbes predict that the singer will make over $20 million in revenue in 2023.
OBO recently released his most successful album, Timeless, in March 2023.
I even covered the entire records the album broke in this blog post, Davido Timeless Records.
In addition, you can read my article on Davido’s Timeless album total streams here.
But how much is Davido worth, and what are his sources of income?
I have also previously covered his wealth in my article, comparing Davido vs. Wizkid vs Burna Boy’s net worth.
Davido is currently worth 27 million US dollars ($27 million). The singer makes money through music sales, streaming Platforms, live performances, royalties, and endorsement deals.
OO1 (a moniker of the singer) has sold out several shows worldwide. This includes the popular UK 02 Arena, Washington DC Capital One Arena, and Credit Union 1 Arena.
David has endorsement deals with PUMA, WEMA, and Martel, but you can read all about Davido’s endorsement deals here.
The singer owns three homes, two in Nigeria and one in the USA. His fleet of cars like Rolls Royce Cullinan, Lamborghini Aventador, and Maybach closely displayed his riches.
You can read about all Davido cars and all Davido houses here for the curious mind.
4. Wizkid Worth $26 Million
Wizkid, who has a net worth of $26 million, became a big deal in the music world back in 2009 when he dropped his album “Superstar.”
Since then, he’s made four more albums. These albums have songs like “One Dance,” which has brought in over 2.8 billion streams on Spotify.
With numbers like that, it’s clear that Wizkid is one of the most streamed artists in Africa.
In total, all his music has been streamed over 6 billion times on Spotify. What does this mean? Well, it shows how much people love Ayodeji Ibrahim Balogun’s music.
And the more people play his songs, the more money he makes. So, when we talk about Wizkid’s wealth, we talk about a vast $26 million.
But it’s not just his music that brings in the cash. At 33 years old, he also makes a lot of deals with big brands.
If you’re curious about the deals he has made, I’ve written a whole article about Wizkid endorsement deals.
His money lets him live a fancy life, including driving the newest cars around — and I’ve covered all about Wizkid’s cars in another detailed article.
His success in music has also led him to win 88 awards, making him one of the most streamed artists in Nigeria. We’ve got to give some credit to the Ayodeji family for his success.
They’ve been supporting him since he started his music career. If you want to know more about the Wizkid family and their role in his journey, there’s an article I’ve written about them, too.
5. Burna Boy Worth $17 Million
Burna Boy, whose real name is Damini Ebunoluwa Ogulu, is making a splash with his new hit, “City Boys.”
You’ve got to listen to it — it’s one of the 245 songs he’s put out since he started in 2010.
Burna Boy’s music is a big hit on Spotify, with 5.1 billion streams. One of his famous tracks, “Location,” has been played over 477 million times on Spotify.
Thanks to his hit songs, he’s known as one of the best Nigerian musicians. But it’s not just his reputation that’s big — his earnings are, too.
With a fortune of $17 million, Damini ranks among the richest musicians in Africa.
A lot of his wealth comes from brand deals. If you’re interested, I’ve written about Burna Boy’s endorsement deals, including his partnership with Martell Cognac.
His wealth lets him live a luxury that’s amazing to see. He drives some cool, classic cars, and I’ve got all the details about Burna Boy’s cars if you want to know more.
His music isn’t just popular; it’s also award-winning, with 58 awards. And at just 32 years old, Burna Boy has plenty of time to keep growing his success.
6. D’Banj Worth $15 Million
Among the top 10 richest musicians in Nigeria is D’Banj, with a net worth of $15 million.
Oladapo Daniel Oyebanjo isn’t just one of the richest because of his music; he also makes money by appearing on TV shows.
Plus, he’s got some big endorsement deals with brands like Power Fist energy drink and the well-known mobile phone retailer SLOT.
These deals have boosted his bank account. With that $15 million, D’Banj is one of the top 50 richest musicians in Nigeria in 2024, according to Forbes.
He’s one of the select musicians featured in a Forbes story about Dbanj going rich. Oladapo has put out five albums over the years.
He’s also rocked the stage at huge events, like the 2012 Summer Olympics, where he performed alongside stars like Jay-Z and Rihanna.
He also wowed crowds at the AFCON 2013 closing ceremony in South Africa, just to name a few.
7. Olamide Worth $12 Million
Meet the artist behind the hit songs “Jinja” and “Problem,” which rock the Nigerian music scene — Olamide Gbenga Adedeji, also known as Baddo.
Olamide burst onto the music stage in 2010 and gained fame in 2011 with his first album, “Rapsodi,” featuring the hit track “Omo To Shan.”
Since then, Gbenga has released nine more albums and has made it onto the Billboard World Digital Song Sales Chart eight times.
With such fame, it’s no surprise that he’s making serious money. So, how much is Olamide worth? He’s worth $12 million.
His wealth doesn’t just come from his music; it also comes from his record label, YBNL Nation.
And there’s more to his income. At 34 years old, he’s landed some big endorsement deals.
If you’re curious about the deals that keep adding to his wealth, I’ve got an article detailing Olamide’s endorsement deals that you should check out.
8. Timaya Worth $11.4 Million
Let’s talk about Timaya, who’s right up there in the top fifty richest musicians in Nigeria.
Are you wondering about his net worth? Well, Inetimi Alfred Odon, better known as Timaya, has a fortune of $11.4 million.
That’s right. With over 175 million streams on Spotify, it’s clear why he’s worth so much.
If you can’t quite place him, think of the artist who gave us hits like “Cold Outside,” “The Mood,” and “Pull Up.” That’s the one.
He’s released a total of eight studio albums. Throughout his career, this successful 43-year-old has also won 7 awards.
9. 2Baba Worth $10.2 Million
2Baba is another star among the top 50 richest musicians in Nigeria, who started his journey in 1994.
Born Innocent Ujah Idibia, previously known as 2face, he’s been one of the best musicians in Africa for years.
You probably remember him for his classic hit “African Queen.” He’s released seven studio albums, selling over 10 million copies globally.
So, what’s 2Baba’s net worth? He’s sitting on a cool $10.2 million. But his income isn’t just from music; he also appears on TV shows, like the Netflix reality series “Young, Famous and African.”
2Baba isn’t just a singer; he’s also a producer and entrepreneur. He’s worked with big brands such as Hennessy, Oraimo, and Pazino Homes and Gardens in the real estate sector.
And let’s not forget that Innocent has bagged 21 awards in his illustrious career.
10. Tiwa Savage Worth $10 Million
Tiwa Savage isn’t just any artist; she’s a Forbes-featured music mogul. She sat down with Forbes to discuss why treating music as a serious business is crucial.
For Tiwatope Omolara Savage, music isn’t just art; it’s the business that fuels her luxurious lifestyle.
Just take a look at her Spotify numbers. With 135 songs across three studio albums, Omolara has racked up more than 443 million Spotify streams.
And it’s not just Spotify; her music is hitting big numbers on YouTube, Apple Music, and other platforms.
All these streams have played a part in building her estimated net worth of $10 million, making her one of the richest musicians in Nigeria and a standout among female artists.
Her wealth isn’t solely from her music; it’s also from big endorsement deals. For instance, her deal with MTN Nigeria was reportedly worth ₦30 million.
Plus, she’s been the face of major brands like Pepsi, Forte Oil, and Maggi. Tiwa Savage isn’t just making money; she’s also making an impact.
Artists like Ayra Starr and Brettina look up to her as a significant musical influence.
Her successful music career has led her to win 20 awards, adding to her acclaim and influence in the industry.
Top 20 Richest Musicians In Nigeria 2024
Who are the top 20 richest musicians in Nigeria? The top 20 Nigerian richest musicians are:
| Flavour | $9.8 million |
| Banky W | $9 million |
| Tekno | $7 million |
| Ice Prince | $7 million |
| Remininsce | $7 million |
| Phyno | $6.7 million |
| Patoranking | $6.5 million |
| Wande Coal | $5 million |
| Yemi Alade | $5 million |
| Kcee | $5 million |
11. Flavour Worth $9.8 Million
Chinedu Okoli, you’ll know him by his stage name, Flavour, is one of the richest musicians in Nigeria. The 39-year-old made his career debut in 2005.
Okoli gained popularity the same year after releasing his debut album, N’abania. Chinedu has gone on to release six more albums.
That’s a lot of albums comprising a total of 128 songs. These songs have seen him gain 148+ million Spotify streams. So imagine the cash he has been banking with these kinds of streams.
Flavour’s net worth is estimated at $9.8 million. His musical success has also bagged him 13 awards.
12. Banky W Worth $9 Million
Whether you know him as a rapper, actor, entrepreneur, or politician, Banky is still among the richest musicians in Nigeria. He was born in the US but grew up in Lagos.
Olubankole Wellington has an estimated net worth of $9 million. As I highlighted above, his money comes from different sources.
If you have watched the Sugar Rush, not the one you have in mind, but the Nigerian one.
He has also featured in both parts of The Wedding Party and the drama film Up North.
In music, Wellington has four studio albums and one compilation album. Banky isn’t as lucky in politics but always appreciates every loss as a lesson learned.
He had tried this year, 2023, for a Federal Constituency seat in Nigeria, which he didn’t manage to secure. All the best to him and his political endeavors.
13. Tekno Worth $7 Million
He titles any of his songs with one word. Pana, Go, Holiday, Dance, Mama, name them. That’s Tekno, born Augustine Miles Kelechi Okechukwu.
Augustine is known as the Golden Boy of Africa. Why? His music is popular, making him the most popular musician in Africa.
Here are Kelechi’s statistics on Spotify streams. His song Pana is the second most streamed, garnering 62+ million Spotify streams. Buga (Lo Lo Lo) comes first with 67+ million streams.
In total, Miles has 417+ million Spotify streams. I was checking on his YouTube, and the Pana video hit 203+ million views. That’s how Tekno has hit his significant net worth of $7 million.
Tekno has bagged three awards throughout his career.
Currently, Tekno is struggling with acid reflux, which is a condition that can affect his vocal cords. But I hope not. Maybe it’s the reason behind his new song, Peace of Mind.
14. Ice Prince Worth $7 Million
Ice Prince, born Panshak Henry Zamani, is the richest musician in Nigeria. He’s a singer, songwriter, and actor.
Born Panshak Henry Zamani, he started his music career in 2004. Panshak has released three studio albums and two Extended Plays (EPs). The album has a combined total of 62 songs.
The songs have received massive airplay, including streams. Henry has garnered 162+ million Spotify streams, which is only a reflection of his popularity.
From Spotify streams and music sales, Zamani has made a significant fortune. Ice Prince’s net worth is estimated at $7 million.
His Super Cool Cats record label also contributes to the net worth, of which he is the sole founder.
15. Reminisce Worth $7 Million
Reminisce is one of the richest musicians in Nigeria. He was born Remilekun Khalid Safaru. You’ll also know him as Alaga Ibile. He’s a singer, rapper, songwriter, and actor.
He makes money by releasing hit song after hit songs. Some of his popular music include Hustle, Why (ft Oxlande), and Overdose, among others. He has a total of five studio albums and one Extended Play.
You’ll also find Khalid in movies such as Kings of Boys, released in 2018. His music and acting career has contributed to Reminisce’s net worth, estimated at $7 million.
16. Phyno Worth $6.7 Million
Here comes my all-time handsome artist from Enugu, Enugu State, Phyno. Born Chibuzo Nelson Azubuike, he is a rapper, singer, songwriter, and record producer.
And he got some cash, but how much is that? Phyno’s net worth is estimated at $6.7 million. Nelson’s cash flow is from his streams. And talking of streams, he has around 700+ million streams on Spotify from the release of 5 albums.
Besides the streams, he earns from producing. You’ll find Phyno singing more in Igbo to respect his culture and the fact that he loves being himself.
17. Patoranking Worth $6.5 Million
I came to know Patoranking from his song No Kissing Baby. Since then, I have never stopped being his fan.
Patrick Nnaemeka Okorie is a singer-songwriter and dancer. You’ll know him from popular songs such as My Woman, My Everything, Particular, Abule, and many more.
He has a total of 103 songs out of three studio albums. The songs have garnered him 302+ million Spotify streams.
Spotify streams and views from YouTube and Apple Music have surely made him rich. Patoranking net worth is estimated at $6.5 million. That ranks him among the richest musicians in Nigeria.
18. Wande Coal Worth $5 Million
Oluwatobi Wande Ojosipe is among the top 50 richest musicians in Nigeria in 2024. Popularly known as Wande Coal, he’s a singer and songwriter.
Which songs do you know from Wande? If you still can’t put a face to the name, I’m talking about the artist that features in the Patoranking song, My Woman, My Everything. He is the guy.
His other popular songs include Iskaba, Again, and So Mi So, among others. In total, Ojosipe has a total of 100 songs from four albums. He has garnered 277+ million Spotify streams.
Besides the streams, Coal owns a music label, Black Diamond Entertainment. All this contributes to Wandes Coal’s net worth, estimated at $5 million.
19. Yemi Alade Worth $5 Million
Among other celebrities in the world, you should count on Yemi Alade. From Abia State, I bring you Yemi Eberechi Alade.
Yemi is a superwoman in the Nigerian music industry and the richest Nigerian musician. She is both a singer and songwriter.
You’ll know her from hit songs such as Johnny, which gained her popularity in 2014. Others include Africa (ft Sauti Sol), Oyi Remix (ft Flavour), etc.
These and her 135 other songs have gained a massive Spotify stream of 252+ million. These streams, music sales, and five world tours have earned her quite a net worth.
Yemi Alade’s net worth is estimated at $5 million. She has released five albums and three extended plays. Eberechi has taken home 14 awards.
20. Kcee Worth $5 Million
Kingsley Chinweike Okonkwo, better known by the moniker Kcee, is among the top 50 richest artists in Nigeria.
With an estimated 33+ million streams on Spotify alone, Kcee has made good money. He has released two albums with a combined number of 39 songs.
Chinweike has bagged some endorsement deals, such as a multi-millionaire deal with Tele communications company MTN and Magnum. He was also chosen as a Peace Ambassador Of The Federal Republic Of Nigeria.
These deals and his music sales have seen Kcee hit an estimated net worth of $5 million.
Top 30 Richest Musicians In Nigeria 2024
Who are the top 30 richest musicians in Nigeria? The top 30 richest musicians in Nigeria are:
- Mr Eazi
- M.I Abaga
- Iyanya
- Falz
- Kizz Daniel
- Simi
- Skales
- 9ice
- Adekunle Gold
- Runtown
Get yourself some water first. Now, let’s dive right in!
21. Mr Eazi Worth $5 Million
Mr Eazi is one of the top 40 richest musicians in Nigeria. He earns from making and writing music, and he’s still a record executive.
Born Oluwatosin Oluwole Ajibade, he’s among the most streamed artists in Nigeria. You’re wondering how much stream Ajibade has garnered?
In Spotify alone, Mr Eazi has garnered 1.5+ billion Spotify streams. Some of his most streamed songs are Como Un Bebe, with 210+ million streams, while Let Me Live has 118+ million.
Besides streams, Oluwatosin has earned from selling his album copies. He has a total of three Mixtapes and two Extended plays.
For example, his Mixtape, Life is Eazi Vol 1, sold 200,000 copies in pre-orders. Now, welcome down to how much all these sources have earned him.
Mr Eazi’s net worth is estimated at $5 million.
22. M.I Abaga Worth $5 Million
Jude Lemfani Abaga is an artist who is calm and collected. You wouldn’t have imagined him making our list of the top 50 richest musicians in Nigeria 2024.
For a rapper, singer, songwriter, and record producer like him, of course, he earns good cash.
M.I Abaga has a net worth estimated at $5 million. He has been in the game since 2004, releasing five studio albums.
Some of his popular songs, such as The Love song, have garnered 375+ thousands of Spotify streams.
These massive streams and live performances have contributed to his bank account. Lemfani has also managed to bag 16 awards throughout his career.
23. Iyanya Worth $5 Million
Iyanya Onoyom Mbuk is a singer debuting in 2008. He has three albums with a combined number of 62 songs.
Onoyom has gained 79+ million Spotify streams, reflecting his worth. He has also managed to bag endorsement deals. While he didn’t make the most streamed artists on Shopify in Nigeria list, he is a rockstar.
They include a one-year deal with Solo Phones Nigeria, a mobile phone company, which was reportedly worth $220,000 (35 million naira). That was in 2013.
In 2014, Mbuk got a 2014 Toyota Prado from the other deals. Iyanya has also featured in the television drama series Shuga season three, released in 2013.
Quite some sources for his income, increasing his net worth. Iyanya’s net worth is estimated at $5 million.
24. Falz Worth $5 Million
If you’re a hip-hop or Afropop fanatic, you might be familiar with this artist. Yes, he earns some good cash. I’ll fill you in on it in a minute.
Folarin Falana, his birth name, made his career debut in 2009. Among his popular hits are such as Bop Daddy, Chemistry, and Knee Down. He has a total of 110 songs from five studio albums.
His income is largely attributed to massive airplay from music apps, including Apple Music and YouTube. But I’m familiar with his Spotify stats, where Falz has garnered 97+ million streams.
These massive stream and music sales have earned Falz an estimated net worth of $5 million.
25. Kizz Daniel Worth $5 Million
Oluwatobiloba Daniel Anidugbe, known by his stage name Kizz Daniel, is among the richest musicians in Nigeria.
The 36-year-old started his career in 2014 and, 10 years down, managed to roll as one the top 50 richest Nigeria musician.
Anidugbe has released 5 studio albums with a total of 117 songs. He has garnered a total of 597+ million Spotify streams. Some of his popular songs include Cough (Odo), Nesesari, and Lie.
From such music popularity and massive streams, Daniel has managed to create quite a net worth. Kizz Daniel’s net worth is estimated at $5 million.
Oluwatobiloba made a live performance during the 2022 FIFA World Cup in Qatar, performing his hit single “Buga.” Massive success.
Daniel claims that he will soon make his dream of a waterfront home for his wife and children a reality. Money baby!
26. Simi Worth $2.8 Million
The exceptionally talented Simi has won over fans across Nigeria with her soulful sound. Born Simisola Bolatito Kosoko is the female richest musician in Nigeria.
Simi started as a gospel singer before transitioning to Afropop. Her chart-topping songs include Joromi, Love Don’t Care, and Duduke.
These songs propelled her to stardom, which, in addition to her other 91 songs, has sold massively. On Spotify alone, Simisola has garnered 147+ million streams.
Simi has also leveraged lucrative endorsement deals and fashion lines to amass a net worth of roughly around $2.8 million.
27. Skales Worth $2.6 Million
Skale is a veteran rapper who joined the industry in 2000. Born Raoul John Njeng-Njeng brings versatility to the Afropop scene.
His upbeat jams like Shake Body, Fire Waist, and Booty Language dominate clubs. He has released three albums.
Raoul has been making money primarily from album sales.
Skales’ net worth currently sits at approximately $2.6 million.
28. 9ice Worth $2.5 Million
I don’t have the real statistics on 9ice’s total Spotify streams, but I know quite some stats on his popular albums. His popular albums, such as Gongo Aso, have 4+ million streams, while Street Credibility has 2+ million streams.
Alexander Abolore Adegbola Akande, a dancer, musician, and songwriter, surely makes good money with such kinds of streams, right? He has released 11 studio albums, which have sold around 1+ million copies.
The 43-year-old also earns from his record label Alapomeji Ancestral Record, where he’s the founder and CEO. With these income sources, how much have they made for Alexander?
9ice has an estimated net worth of $2.5 million.
29. Adekunle Gold Worth $2.1 Million
Adekunle Almoruf Kosoko, popularly known as Adekunle Gold or AG Baby, is a singer and songwriter.
He has been in the game since 2010, becoming popular in 2015 after releasing his debut studio album, Gold. To surprise you, the album debuted at number 7 on the Billboard World Albums chart.
So we expect some good cash from Almoruf. Out of 114 songs he has released, some of his most popular include Antidote, High, and Party No Dey Stop.
He has released 5 albums. AG Baby managed to bag a deal with Unity Bank, unveiling him as their brand ambassador on 15 January 2018.
With these income sources, Adenkule Gold’s net worth is estimated at $2.1 million.
30. Runtown Worth $2 Million
Runtown, born Douglas Jack Agu, counts among the top fifty richest musicians in Nigeria. He joined the industry in 2010, becoming popular four years after releasing his first single, Gallardo.
He now has released three studio albums, with a combined 83 songs.
The song has garnered him 183+ million streams on Spotify. He also earns from his own music label, Soundgod Music Group.
These two, his main income sources, have built up Runtown’s net worth, estimated at $2 million.
Top 40 Richest Musicians In Nigeria 2024
Who are the top 40 richest artists in Nigeria today? The 40 richest Nigerian artists are:
- Omawunmi
- Waje
- Nneka
- Timi Dakolo
- Rema
- Chidinma
- Harrysong
- Ycee
- Seyi Shay
- Korede Bello
31. Omawumi Worth $1.8 Million
Omawumi Megbele has been active since her time on Idols West Africa. If you’re a Gen Z or even a Millennial, you probably don’t remember. That’s like a decade and a half ago.
The 41-year-old has numerous acclaimed albums under her belt. Four is a lot.
Some of the favorites from the albums include “Play Na Play,” “If You Ask Me,” and “Somtin.”
Omawuni’s net worth is estimated at $1.8 million.
32. Waje Worth $1.7 Million
Powerhouse vocalist Waje is among the top 50 richest musicians in Nigeria. Born Aituaje Iruobe, she gained fame as a contestant on the reality show Project Fame.
Iruobe’s emotive hits like Oko Mi, Mountain, and Qishon showcase her vocal range. She also earns from music collaborations with artists such as Diamond Platnumz, M.I., and P-Square, among others.
Waje’s net worth is estimated at $1.7 million and continues to grow.
33. Nneka Worth $1.6 Million
Ending our list of the top 50 richest musicians in Nigeria is Nneka. Born Nneka Lucia Egbuna, her soulful catalog draws from hip-hop, reggae, and afrobeat influences.
Her critically acclaimed tracks include Uncomfortable Truth, Heartbeat, and My Home.
Between touring worldwide and album sales, Nneka’s net worth stands at approximately $1.6 million.
34. Timi Dakolo Worth $1.5 Million
R&B sensation Timi Dakolo has become one of the most successful vocalists in Nigeria. He first achieved fame by winning Idols West Africa in 2007.
Some of his hits include Iyawo Mi, The Vow, and Take. He earns from music sales and sold-out concerts.
As per a recent record, there is no recorded endorsement deal. He has released two albums.
Timi Dakolo’s net worth is estimated at $1.5 million.
35. Rema Worth $1.5 Million
Rising star Rema gained instant fame with his viral 2019 hit, Iron Man.
Born Divine Ikubor, the young afro-pop sensation is dominating streaming with songs like “Calm Down,” “Woman,” and “Bounce.”
All his 104 songs have earned him 2.7 billion streams on Spotify. It’s such a massive number.
The 23-year-old artist has released one studio album and four Extended Play.
As one of Nigeria’s most promising artists, Rema’s net worth exceeds $1.5 million and continues multiplying.
36. Chidinma Worth $1.5 Million
Back to women making waves in the Nigerian scenes, we are not over yet. And here we meet Chidinma Ekile.
The 32-year-old is among the richest musicians in Nigeria. Ekile started way back in 2011. She has released two albums throughout her career. Besides singing, Chidinma is an actress. She made her acting debut in 2017, featuring in Kunle Afolayan’s film The Bridge. She transformed into a gospel in 2021.
Some of her popular songs are Jehovah Overdo, This Love, Blessings Follow Me and others. Her successful music career has made Chidinma rich.
Chidnima’s net worth is estimated at $1.5 million.
37. Harrysong Worth $1.5 Million
Harrison Tare Okiri, known as Harrysong, makes money primarily from music. He has made quite a fortune, marking himself as one of the richest musicians in Nigeria.
Some of Tare’s popular songs include Reggae Blues, Kona, Bum Bum Bum, and others. He has released four studio albums so far.
With no more recent income sources, Harrysong’s estimated net worth is $1.5 million.
38. Ycee Worth $1.5 Million
Hip-hop star Ycee has been heating up the Nigerian scene with his catchy flow since his debut in 2012. Born Oludemilade Martin Alejo, he first gained popularity with his 2015 single “Condo.”
Other hot tracks from Martin include Juice, Nu Riddim, and Say Bye Baby. All his 48 songs spread across his one album and three Extended Plays have garnered him 72+ million Spotify streams.
Between his album sales and streams, Ycee’s net worth is valued at around $1.5 million.
39. Seyi Shay Worth $1.3 Million
Here comes the R&B queen, and it’s none other than Seyi Shay. Born Deborah Oluwaseyi Joshua is a singer, songwriter, and actress.
Deborah achieved mainstream success with her 2013 single Irawo. That’s not the only popular song in her two albums. She also got sultry hits, including Yolo Yolo, Right Now, and Let Me Know.
Along with album sales and tours, Seyi Shay has a cool net worth of $1.3 million.
40. Korede Bello Worth $1.1 Million
The Honorary Superintendent of Police, Korede Bello, is one of the richest musicians in Nigeria.
Besides the honorary seat, Bello is a singer and a songwriter. You’ll know him from hit songs such as Godwin, Overloading, and Mi Casa Su Casa. Korede has two albums.
With no other record of Bello’s income, Korede Bello’s net worth stands at around $1.1 million.
Top 50 Richest Musicians In Nigeria 2024
Who are the top 50 richest musicians in Nigeria? The top 50 richest musicians in Nigeria are:
- Orezi
- Praiz
- Reekado Banks
- Jidenna
- Lil Kesh
- Ayrr Star
- Fireboy DML
- Sean Tizzle
- Dija
- Madrina
41. Orezi Worth $1 Million
Orezi, born Esegine Allen, is an Afropop hitmaker and one of the richest musicians in Nigeria.
Esegine has released feel-good jams like You Garrit, Shoki, and Come My Way. He has released two studio albums so far.
He has earned millions of his music streams from Apps, including Spotify, YouTube, and more. Allen also earns from sold-out concerts and collaborations with stars like Wizkid.
Orezi now boasts an awesome net worth of $1 million.
42. Praiz Worth $1 Million
If you have ever listened to Praiz’s songs, you’ll love his emotive, soul-stirring music.
With the full name Praise Ugbede Adejo, he emerged on the TV show Project Fame. He’s the artist behind smooth R&B hits like I Love You, A Woman’s Need, and The Lockdown, highlighting his artistry. He has released two studio albums.
Besides music sales and sold-out concerts, Ugbede has earned as a brand ambassador for MTN network service.
Praiz currently boasts an impressive net worth hovering around $1.5 million.
43. Reekado Banks Worth $5 Million
Reekado primarily earns from his music career, which started in 2008. Born Ayoleyi Hanniel Solomon is a singer and songwriter.
Solomon has released one studio album in addition to three Extended Plays. In total, he has released 82 songs, which have garnered him 141+ million Spotify streams.
This stream and sale of copies of his music have earned him quite a fortune. And that’s not all; Banks, like many other popular artists, has bagged some endorsement deals.
In 2015, Ayoleyi worked with Nigerian telecommunications company Globacom, with the amount he was earning withheld from the public.
Hanniel has also launched an independent outfit, calling it Banks Music. Those are his investments. So, how much is Ayoleyi worth?
Reekado Bank’s net worth is estimated at $5 million.
44. Jidenna Worth $1 Million
I know your eyes are wide on this one, but let me get the details. Yes, you’re right. Jidenna was born in the USA to a Nigerian Igbo academic.
His father, Oliver Mobisson, returned to Nigeria for a job at Enugu State University. They didn’t stay for long, as they would have wished.
So when Jidenna was just 6 years old, they moved back to the United States after a failed kidnapping attempt. Maybe they could have stayed more in Nigeria.
But God always has plans for everybody and how it will work out. And that is how it worked for Jidenna, and now he features as the richest Nigerian musician.
Jidenna’s net worth is estimated at $1 million. He has a total of five albums comprising 49 songs. He has garnered 659+ million Spotify streams. You’ll know him for Bambi, and I’m A Classic Man hits.
45 Lil Kesh Worth $1 Million
Keshinro Ololade is among the young artists in the Nigerian industry and features today among the top 30 richest musicians in Nigeria.
The 28-year-old made his career debut in 2014, releasing his debut studio album, “YAGI”.
Some of Ololade’s popular songs are Don’t Call Me, Feeling Funny, and Good Bad Boy. From these songs, Keshinro has made himself quite a fortune.
Lil Kesh’s net worth is estimated at $1 million.
46. Ayra Star Worth $1 Million
Soulful singer-songwriter Arya Starr has become a voice of young Nigeria. I can’t deny that.
Born Oyinkansola, Sarah Aderibigbe burst onto the scene in 2021 with her empowering hit, Away. Other popular tracks include Rush, Love Me, and Focus.
She has 69 songs, with one studio album and an Extended Play. All Aderibigbe songs have garnered her 838+ million Spotify streams.
Besides these numbers, Sarah is a model just out of a magazine. Yes, she has been featured In Accelerate TV’s The Cover, the Fall/Winter 2021 issue of ODDA, and the Notion editorial. Of course, they come with good cash.
Oyinkansola has managed to bag one deal, becoming a brand ambassador for Pepsi Nigeria.
Between her infectious R&B hits and brand partnerships, Arya Starr boasts an impressive net worth of $1 million and counting.
47. Fireboy DML Worth $1 Million
Singer and songwriter Fireboy DML is among the top 50 richest musicians in Nigeria. Born Adedamola Oyinlola Adefolahan represents Nigeria’s vibrant music future.
Fireboy won Best R&B Single at the 2020 Headies for his hit, Jealous. His melodic songs include Peru, Friday Feeling, and Bandana.
These and 75 Oyinlola songs have brought him mainstream success. Yes, on Spotify, the 27-year-old has garnered 1.1+ billion streams.
These streams and more from other music apps and live concerts have earned Adefolahan a good fortune.
Fireboy DML’s net worth is valued at around $1 million.
Fireboy will be among the speakers in the 2023 Forbes Under 30 Summit Africa.
48. Sean Tizzle Worth $1 Million
Sean Tizzle was born Morihanfen Oluwaseun Oluwabamidele. He made his career debut ten years ago, in 2013.
Some popular songs Oluwaseun has released include Sho Lee, Perfect Gentleman, and Best for You, among others. He has released two albums and one Extended Play.
Sean is lucky to have performed in major events that bring in good money, including Headies Awards 2013, African Social Awards Malaysia ASAM (Malaysia) 2013, UK tour 2016 (10 cities), and other events.
Another income source that has contributed to Morihanfen’s net worth is endorsement deals.
They include MTN Nigeria in 2014, worth 20 million naira. The same year, he landed another deal with Bacardi Breezer as the Ambassador.
It has contributed to Sean Tizzle’s net worth of $5 million.
49. Dija Worth $700,000 Thousand
Soulful songstress Dija has won over fans with her silky voice. Born Hadiza Blell, now Hadiza Blell-Olo, made her breakthrough in 2014 with the love song Yaro.
Hadiza’s other R&B hits include Awww, Take Kiss, and Sowemo.
Between music sales and strategic partnerships, Dija has amassed an impressive net worth of $700,000.
50. Madrina Worth $500 Thousand
I’m talking about Cynthia Morgan. Yes, now she goes by the name Madrina. She’s a singer and songwriter mainly focusing on hip-hop, dancehall, and rap music.
Madrina has a voice that resonates straight to your core. Born Cynthia Ikponmwenosa Morgan, she hails from Benin City, Edo, Nigeria. Her viral hit Don’t Break My Heart put her on Nigeria’s radar.
Songs like Lead Me On, Dutty Stepping, and Hustle have boosted Madrina’s net worth to around $5 million.
Conclusion
So, there you have it! Top 50 richest musicians in Nigeria. It has been a tale of unending melodies and enduring wealth.
These top Nigerian artists have proven that music transcends boundaries, becoming a conduit to generational dominance.
Their harmonious success, blended with entrepreneurial ventures, serves as an inspiration to dreamers and creators.
As I wrap up my musical voyage, remember the Nigerian music scene continues to evolve, so the musician’s net worth will keep changing, and I hope it’ll always be upward.
But of course, maybe today I missed your favorite artist you feel makes good money and deserves the list. Let me know here on Twitter.
