The Nigerian Music Industry has grown massively over the years. It is considered to be the most popular and lucrative Music Industry in Africa thanks to the pure talents and investors we have.
We all know these musicians pull a whole lot of money off their music. When a musician becomes popular or breaks into the Music Industry, he starts earning hugely.
A lot of money is been made alongside the various hits been made by these artists. Their earnings and net worth depends on how active and relevant they are in the industry. Some of them are also good Entrepreneurs and investors and make additional money.
Top 10 Richest Musicians In Nigeria And Their Net Worths
1) Davido - $20 million
Davido is a very popular Nigerian singer. He sure has a lot of money and most times brag about that. He loves luxury and lives large like most very rich guy do. Besides from his personal money, he comes from a very rich and popular family, The Adeleke Family.
He was born in Georgia, USA on November 1992 but is based in Nigeria and has carved his name boldly as one of the richest and relevant musicians in Africa.
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Young Davido broke into the industry in 2012 after the release of "Dami Duro" which was the lead single off his debut studio album "Omo Baba Olowo".
He is currently the richest musician in Nigeria and also among the Top 10 richest musicians in Africa. He makes a lot of cash from shows bookings, music streaming and sales.
Davido net worth 2019 is estimated at around $20 million.
2) Wizkid - $19.5 million
Wizkid is another musician who is so loved and has big international influence. He has stayed relevant over the years alongside his never disappointing hits that puts everyone on the dance mood.
He is one of the most prominent and bankable artists in Africa. Wizkid started recording when he was 11 years old and managed to release a collaborative album with the Glorious Five Group.
He was born on July, 1990. The 29 years old singer has lots of endorsement deals he is signed to. Wizkid also has lucrative deals with Ciroc and Nike which have proved to be a worthy endorsement deal.
Young Wizkid broke into the music scene back in 2011 with the single "Holla at your Boy" after he was signed to Banky W's Empire Mates Entertainment. He sold out the 02 Arena in the UK which is an incredible feat that has been achieved by only few artists. Davido is the latest to have sold out the popular 02 Arena and we are glad to have these two artists achieving great heights in the industry.
Wizkid net worth 2019 is estimated at about $19.5 million.
3) Don Jazzy - $17 million
Don Jazzy is a Nigerian record producer, singer, songwriter and Entrepreneur. He is also among the richest musicians in Africa. Don Jazzy is not only known for his wealth but also the artists he has raised to the limelight in Nigerian Music Industry.
He is the founder of Mavins Records, a record label that has many artists signed to it. He also promotes his music acts personally whenever they make new release, showing the awesome relationship he shares with his signees.
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In 2004, Don Jazzy co-founded Mo'hits records which is now defunct. The label was popular and active at that time until it's closure making the artists in the record label to take different sales. It was after it's closure that Don Jazzy set up the Mavins Records in 2012.
Don Jazzy net worth 2019 is valued at around $17 million.
4) 2Baba - $16 million
2Baba is among the greatest and most valued artists to come out of Africa. He has received a lot of credits and Awards for the huge contributions he has made to the rise of music in Africa.
He is the owner of Hypertek Entertainment. 2baba is a very popular musician and businessman that has been active for a very long time. He started his music career officially in 2006.
The talented artist was among the former trio group called "Plantashun Boiz". The Plantashun Boiz at that time made waves and was popular until they got separated and went solo. The group included 2face Idibia, Faze and Blackface.
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He was born on September 1975 and his birth name is Innocent Ujah Idibia. 2Baba is into real estate which is a very lucrative business. He owns a record label and also makes a lot of money from shows bookings.
2Baba net worth 2019 is estimated at around $16 million.
5) D'banj - $15 million
D'banj is the fifth richest musician in Nigeria. He is a renowned singer, songwriter and Entrepreneur. He was born in June, 1980 in Zaria, Kaduna State. His real name is Oladapo Daniel Oyebanjo.
He was the co-founder of Mo'hits together with Don Jazzy in 2004. D'banj is very wealthy and has lots of investments as an artist that has been relevant in the industry for long should.
He has won several music awards from different organizers over the years of constant thrilling with hit songs.
His stage name was adopted from the combination of his first name, Dapo and his surname, Oyebanjo. His 2012 hit single "Oliver Twist" was a tremendous elevation. The song topped the African charts in 2011 and was on top 10 in the UK singles chart in 2012 and reached number 2 on the UK R&B chart.
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D'banj has lots of endorsement deals and is the owner of DB records. He is also associated with some international record labels like GOOD Music (owned by American rapper Kanye West), Sony Music and RCA.
D'banj net worth 2019 is estimated at around $15 million.
6) Mr P and RudeBoy - $13 million
Though the P-square brothers are long separated, they can't still be away from the list of richest musicians in Nigeria. They were known together as P-square and had lots of fans after winning everyones heart with their good music.
Unfortunately, they both had to go separate ways and be on solo careers as they couldn't work together anymore. The reason for this rift is still unclear.
Peter Okoye goes by the stage name Mr P while his brother Paul Okoye goes by the name King Rudy or Rudeboy. Anyways, they are not doing bad but fans still prefer the old P-square for sure, but looks like we are not gonna get it.
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Mr P and Rudeboy earn a lot of money as they still have their talent and popularity. They make money off shows and music sales.
Peter Okoye and Paul Okoye net worth are estimated around $13 million each.
7) Timaya - $12.5 million
Timaya is a popular singer and songwriter. His real name is Enitimi Alfred Odom and was born on August 1980. He broke into the industry with the release of the single "Dem Mama" in 2005 that topped charts and received numerous radioplays.
Timaya grew up in Porthacourt and was the youngest of fifteen children in Agip Estate. He always refers the hardship he endured at the early stages of his life in his music.
He has released lots of songs and albums and also received a good number of awards for his creativity and hard work. Timaya has been present and active since 2005.
He makes a lot of money from his music, no doubt. The singer is also a businessman and has lots of investments that places him on top earners list.
Timaya net worth 2019 is estimated at around $12.5 million.
8) Olamide - $11 million
Olamide is one of the most popular street rappers in Africa. He is also a popular singer, songwriter and Businessman. Olamide is the owner of the record label, YBNL Nation.
He is another artist that is so capable of making us dance. His style of music is unique and it is a result of hardwork and creativity. The 30 years old rapper was born in Bariga, Lagos State. Olamide records mostly with the Yoruba language.
The rapper makes a lot of cash from his music sales, YouTube and other investments. He is the elder brother of Nigerian DJ, DJ Enimoney.
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Before setting up his own record label, YBNL Nation, he was signed to ID Cabasa's Coded Tunes. He released his first single "Eni Duro" in 2010 under the label.
Olamide after few successful years at Coded Tunes was reported to have signed with DB records but he debunked the report and said that it is too late for anyone to sign him. He then set up YBNL Nation, which is a record label that helped so many artists that we know today break into the industry.
Olamide net worth 2019 is estimated at around $11 million.
9) Flavour - $10 million
Flavour N'abania is a very popular musician who sings majorly with the Igbo language and a mixture of little English and Pidgin. Flavour has made a lot of money from his years of activity as a musician.
His real name is Chinedu Okoli. He was born on 23 November, 1983 in Anambra State. Flavour started his career as a drummer in a local church.
Flavour started out in 2005 with the debut album "N'abania". His second studio album on 2010 really made him one of the most sought artists in Africa. The album consisted of great hits which propelled him further.
Flavour is currently signed to 2nite Entertainment. He is very rich and has other businesses he runs. The sales of his music and show bookings are main source of income.
Flavour net worth 2019 is estimated at around $8.7 million.
10) Tiwa Savage - $8 million
Tiwatope Savage Balogun is a Nigerian singer ,songwriter, performer and actress. She is known by her stage name Tiwa Savage. Tiwa was born on 5th February, 1980. She is considered to be the queen of Nigerian music and also among the few female Nigerian artists that are dominating.
She is signed to Mavins records, a record label owned by Don Jazzy. Tiwa Savage also has a songwriting deal with Sony/ATV Music publishing. She is very popular and has huge fans who cherish her music so much.
While Tiwa Savage was attending high school in London, she was a trombone player. She is a very good songwriter and has received songwriting credits for her contributions to Monica's Soul Tinged ballad "Catch Me".
She makes a whole lot from her music. She is considered to be the richest female musician in Nigeria.
Tiwa Savage net worth 2019 is estimated at $9 million.
The above listed artists are the top 10 richest artists in Nigeria. They make a whole lot of money and are also very active in the Music Industry. Most of them are also globally known. The likes of Wizkid, Davido, D'banj, 2Baba, Tiwa Savage receive a wide range of global attention.
