Top 10 Richest Musicians in Nigeria 2024

Nigeria’s music scene thrives, churning out global superstars and infectious beats. But who are the wealthiest among them? From afrobeat pioneers to global pop sensations, this list unveils the top 10 richest Nigerian musicians in 2024. We’ll explore their impressive net worth, accumulated through album sales, hit songs, endorsement deals, and savvy business ventures. Buckle up as we reveal the music moguls who reign supreme in Nigeria’s entertainment industry.

Top 10 Richest Musician in Nigeria 2024

1: Burna Boy

With an estimated net worth of $65 million, Burna Boy—real name Damini Ogulu—is the richest musician in Nigeria. He is a singer, songwriter, and record producer. The “African Giant” is a Grammy-winning Afrobeat musician whose songs incorporate pop, dancehall, and reggae. His place as a major force in the music industry has been solidified by his widespread recognition, sold-out tours, and hits like “Like to Party” and “African Giant”.

2: Wizkid

Ayodeji Ibrahim Balogun, better known by his stage name, Wizkid, is one of the biggest names in Afrobeats music. He rose to popularity in 2010 and has since won honours and chart-topping tunes, making him a global icon. Major brand deals have cemented his standing as a force in the Nigerian music business, and his influence goes beyond music. Wizkid is a clever businessman, in addition to being a gifted musician, with an estimated net worth of $40 million.

3: Davido

Afrobeats titan Davido is renowned for his upbeat live shows and memorable songs. Although he was reared in Nigeria, he was born in the US and has greatly contributed to the global appeal of Afrobeats. His success has been solidified by his ground-breaking music videos and record company, Davido Music Worldwide. Counting $35 million in his net worth, he is one of the wealthiest musicians in Nigeria.

4: Don Jazzy

The brains of Mavin Records, Don Jazzy is a renowned Nigerian record producer and musician. Michael Collins Ajereh, who was born, showed an early aptitude for music, picking up an instrument at 12. Before launching Mavin Records in 2012, he co-founded Mo’ Hits Records, a springboard for Afrobeats artists like D’banj. His distinctive sound and Midas touch have made him a successful and well-regarded producer.

5: Olamide

Rapper, singer, composer, and innovator of the Nigerian hip-hop style known as “Wollof,” Olamide is a very influential artist. His main rapping languages are English and Yoruba. In addition to being a successful musician in and of himself, he has helped other gifted artists advance their careers through his record label, YBNL Nation. Olamide is a major player in the Nigerian music scene, with an estimated net worth of $20 million.

6: Tiwa Savage

Tiwa Savage, the “Queen of Afrobeats,” is a powerhouse in the Nigerian music industry. Known for her electrifying performances and strong vocals, she has become one of the wealthiest female musicians in Nigeria. Her success stems from a blend of afrobeat, R&B, and pop, lucrative endorsements and a savvy business mind. With a net worth of around $18 million, Tiwa Savage is a true force to be reckoned with.

7: 2Baba

2Baba, formerly known as 2face Idibia, is a legendary Nigerian singer, songwriter, and record producer. He rose to fame in the late 90s with the Afro-pop group Plantashun Boiz before launching a hugely successful solo career. Nicknamed for his reputation of balancing a positive public image with his personal life, 2Baba is an iconic figure. With hit songs like “African Queen” and numerous awards, he’s not only a musical powerhouse but also one of the wealthiest musicians in Nigeria.

8: P-Square

The identical twins Peter and Paul Okoye, better known as P-Square, were formerly the irresistible force in Afrobeats. They dominated the 2000s and 2010s and are renowned for their artistic growth, fusing hip-hop, Afrobeats, and R&B. P-Square, who are well-known for their expensive music videos and catchy dance tracks, even worked with Rick Ross to create hit songs that made them famous worldwide. Despite being on hiatus, their stellar career and $12 million total net worth cemented their status as Afrobeats icons.

9: Flavour

Famous Nigerian singer Flavour, whose work is influenced by Igbo music and highlife, was born Chinedu Okoli. His early skill was evident as a church drummer when he started his musical career. With the release of albums like “Uplifted” and his smash song “Nwa Baby,” his career took off. Flavour’s remarkable $10 million net worth has been largely attributed to his ability to fuse modern music with his ethnic heritage and win him a devoted fan following.

10: Phyno

Phyno, whose full name is Chibuzor Nelson Azubuike, is an Eastern Nigerian rapper, singer, songwriter, and record producer. He gained notoriety in the early 2010s and is well-known for his Igbo rapping. Hits like “Ghost Mode” from his 2014 debut album “No Guts No Glory” cemented his standing in the business. Phyno, a prominent player in Nigerian hip-hop, launched the Penthauze record label. He is among the wealthiest artists in the nation because of his skill and commercial acumen.

Conclusion

The music scene in Nigeria is a dynamic thread of skill, hard work, and international appeal. These musicians are astute entrepreneurs who have turned their passion into financial success and skilled performers. From hip-hop hitmakers to Afrobeats pioneers, these musicians inspire and encourage while creating empires. Watching who breaks into the wealthiest ranks in the coming years as the Nigerian music business continues to grow would be fascinating.

FAQs

Who will be the richest singer in Nigeria in 2024?

Burna Boy holds the crown for the richest singer in Nigeria in 2024, with an estimated net worth of $65 million. His global success and hit albums have cemented his place at the top.