The Nigerian music industry is not only dominant across Africa, but it has also been a flourishing means of livelihood for many people, we would be listing out the top 10 richest Nigerian musicians in 2023.
It is also a fact that some of our top richest musicians in Nigeria are also among the richest in Africa.
Nigerian musicians have some of the most enviable luxury lifestyles in Nigeria.
These artists live the best life we could ever dream of right before our eyes.
It is not strange when we see folks like Davido fly private jets, Burna Boy owns cars like Bentley or Wizkid rocking diamond-encrusted jewelry on his neck and wrist.
NaijaMusic puts out an estimated monetary evaluation of the richest Nigerian musicians.
The list takes into consideration each artist’s music catalog, booking fee, endorsement, and other investments.
Top 10 Richest Nigerian Musicians in 2023
- Wizkid Net Worth – $21 million
- Davido Net Worth – $19.5 million
- Don Jazzy Net Worth – $18.5 million
- Burna Boy Net Worth – $17 million
- 2Baba Net Worth – $16 million
- Olamide Net Worth – $12 million
- Mr Eazi Net Worth – $11 million
- Timaya Net Worth – $10.5 million
- Mr P (Peter Okoye) / Rudeboy (Paul Okoye) Net Worth – $10 million each
- Flavour Net Worth – $9.8 million
1. Wizkid Net Worth – $21 million
Starboy Entertainment boss Wizkid aka Big Wiz is about the richest musician in Nigeria as of 2023.
Let’s break down a rough evaluation of Wizkid’s net worth.
Wizkid has the highest booking fee for any African artist.
He charges as much as $250,000 as his booking fee outside of Nigeria, especially in Europe and America.
You will have to be very rich to have Wizkid perform at a private event for you.
Besides his booking fee, Starboy is a brand ambassador to several multinational companies and corporations.
He is currently a brand ambassador for Puma & JD Sports, this deal was announced back in 2020 worth hundreds of millions in Naira.
He is currently the official brand face of United Bank for Africa (UBA).
His UBA deal was reportedly valued at over $3 million.
Popular phone manufacturers Tecno also have Wizkid as their brand ambassador.
There are other brands he is also repping like the Ciroc etc.
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Aside from the money made from ambassadorial deals and partnerships, Wizkid’s music catalog is worth millions of dollars.
With over 450 million+ streams on his fourth studio album ‘Made in Lagos’, the singer is raking in millions from music streaming platforms from this album alone.
He also has some other investments which are too numerous to mention.
Wizkid’s net worth is placed at around $21 million.
2. Davido Net Worth – $19.5 million
Second, on the log is David Adeleke aka Davido, who is ranked as the second richest Nigerian musician.
We are familiar with Davido’s wealthy family background, however, setting that aside, Davido has made way too much money as a musician.
While many on this list might not show off their money as much OBO never misses the opportunity to show off.
Davido is always in demand all year round with no breaks in between.
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His booking fee goes as high as $200,000 per show.
Over the past few months, Davido has made millions of dollars touring across Africa.
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In 2020 he kicked off the year with ‘A Good Time’ tour in America, unfortunately, Covid-19 brought an unfortunate end to his tour.
The DMW boss also makes money as a brand ambassador for top companies like Pepsi, Infinix Mobility, etc.
He recently joined the Fin-Tech company Bitsika as an influencer and shareholder.
As one of the most-streamed Nigerian artists, he makes some very decent money as streaming royalties in the millions of dollars.
Nigerian pop superstar Davido net worth is placed at about $19.5 million.
3. Don Jazzy Net Worth – $18.5 million
Nigerian music producer Don Jazzy is the only person on the list of the top 10 richest musicians in Nigeria who isn’t actually a singer.
The veteran beatmaker isn’t only popular for making hit songs but he is an actual music mogul.
He co-founded Mo’Hits with D’banj and after their split went on to found Mavin Records.
Don Jazzy has been boss to top music acts like Wande Coal, Dr Sid, Tiwa Savage, D’Prince, Reekado Banks, Korede Bello etc.
As a record label executive, he has significant shares in revenue accrued from his artist’s royalties.
He is one of the most endorsed Nigerian celebrities and is currently a brand ambassador for Glo, BetWay, VBank, Johnny Walker, etc.
As an astute businessman and FX trader, he has some real estate across Nigeria.
A rough estimate put Don Jazzy’s net worth at $18.5 million.
4. Burna Boy Net Worth – $17 million
The past three years have been nothing less than incredible for Damini Ogulu better known as Burna Boy.
The Atlantic Records artist has been ahead of his peers musically including those mentioned before him on this list. In the past three years, Burna Boy has made millions of dollars off his music as he is currently the most-streamed Nigerian artist at the moment.
Those music streams which run in billions are worth several millions of dollars for the singer.
Towards the end of December 2020, Burna Boy bagged partnership deals with fashion company BooHooMan and Beats By Dre.
He is also a brand ambassador for Star, Pepsi, Standard Chartered Bank, etc.
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Apart from last year when concerts and large gatherings were banned, Burna Boy has been selling out his tour venues during the past three years.
Burna Boy net worth is valued to be around $17 million.
5. 2Baba Net Worth – $16 million
The legendary 2Face now known as 2Baba is a seasoned musician with over 20 years on stage.
His discography is enviable with over 7 studio albums to date.
With such longevity in the Nigerian music industry, 2Baba has also accumulated riches over the years as an A-list musician.
Although artists are prone to a luxury lifestyle, the ‘Amaka’ hitmaker is also an aggressive investor.
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He co-owns the popular Rumours Night clubs in Lagos, and some real estate across Nigeria.
2Baba recently started a massive Agro-business spanning hectares of land in his state of origin Benue.
He is a brand ambassador to brands like Campari, Trophy Lager Beer, phone accessory maker Araimo etc.
His music catalog is worth millions of dollars, 2Baba net worth is pegged at around $16 million.
6. Olamide Net Worth – $12 million
Olamide is the leader of one of Nigeria’s most successful record labels YBNL.
Last year he bagged a music distribution deal with the American music company Empire.
Olamide is one of the richest musicians in Nigeria as he has multiple sources of income ranging from his endorsement deals with iTel Mobile, Monster Energy Drink, etc., premium booking fees, his music catalog, and many more.
He is friends with several politicians in western Nigeria which gives him some monetary advantage.
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One of the craziest indigenous rappers that we have in Nigeria and Africa.
He has carved out a niche for himself using his local dialect.
He has numerous songs that were hit back to back.
The rapper has been boss to top music acts like Fireboy DML, Adekunle Gold, Lil Kesh etc
His current song ‘wo’ is doing well and it is also getting airplay at parties, radio, and TV stations.
He is alleged to be the architect of the rise of Shoki. Olamide’s net worth is $12 million.
7. Mr Eazi Net Worth – $11 million
Oluwatosin Ajibade aka Mr Eazi has rapidly grown from being a buzzing music star, making music that cuts across Ghana and Nigeria to becoming a big music mogul.
In the past couple of years, Mr Eazi has been taking the business side of music pretty seriously.
He launched his record label and a platform emPawa Africa to promote young talented African acts.
He has secured millions of investments in dollars to help push this dream.
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He is a believer in tech hence he has invested in several viable startups across Africa.
As one of the most-streamed Nigerian artists on Spotify, Mr Eazi cashes out big time monetizing his music, especially with an impressive discography.
According to our evaluation, Mr Eazi net worth is pegged at about $11 million.
8. Timaya Net Worth – $10.5 million
Port Harcourt-raised Nigerian dancehall music heavyweight Timaya is one very rich guy.
This is the king of a dance hall in Nigeria with a strong vocal power in the industry.
He is among the best and perhaps the music star to be very successful out of the Niger Delta.
He is fondly called ‘Egberi Papa 1 of Bayelsa’. He has so many hit tracks and other businesses he does.
For the most part, the Ekperipapa 1 keeps a low profile, but he has got deep pockets which may surprise some people.
He has been fortunate to grab some endorsement deals which form a small size of his net worth.
Timaya is loved by the Bayelsa people hence from time to time he gets gigs from the government irrespective of the governor in office. He has some sizable real estate in Bayelsa and Rivers States.
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He is one of the highest-paid Nigerian singers in terms of the booking fee.
As an artist who drops hits every year he is always performing at one show or concert or the other.
Timaya’s net worth is placed at about $10.5 million.
9. Mr P (Peter Okoye) / Rudeboy (Paul Okoye) Net Worth – $10 million each
Mr P and Rudeboy were former members of the legendary music group PSquare, although they are no longer together they still make the ranking of the richest Nigerian musicians in 2023.
Although their breakup may have brought a little setback in their finances, the twins are still some of the richest artists in the game.
Mr P has been diversifying from music setting up businesses while Rudeboy, on the other hand, has been busy touring and performing at events.
Both Mr P (Peter Okoye) / Rudeboy (Paul Okoye) net worth is estimated at about $10 million each.
10. Flavour Net Worth – $9.8 million
On the other side, Flavour is a top-tier African artist that has performed across the length and breadth of Africa.
The indigenous highlife singer charges as much as $100,000 and more for a show.
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He performs at highbrow events and private billionaire parties etc.
Flavour is not a stranger to endorsements as he has bagged several mouthwatering deals, notably his current deal with Life Lager Beer.
He has some big money investments across eastern Nigeria in his name.
Almost all the musical artistes in the industry have done a collaboration with Flavour in their songs.
His vocal ability is unbeatable.
He is among the best in the industry with his unique Flavour.
He remains himself like no other and no one could imitate him no matter the effort they put in.
His Afro High-life Style has everything going well for him including; his Physical physique, distinct vocal, and mastery of the guitar.
Flavour estimated net worth is put at $9.8 million.
195 Comments
Nice
Great work
Obo please san me to ur record label pls this is my number 08083975805
This list no correct at all, phyno is not on the list d list no correct…
How Mr eazi rich pass phyno
You de craze is correct,,
Am with Wizkid
Wizkid I love you pls can you call this number phone number 09067168181
Great life to all my fellow musicians
You de craze is correct,,
Am with Wizkid
davido reduce how u squander ur money this is world imagine flavour my biggest fan i can’t believe he is among top 10richest chinedu flavour nwa mama the almighty oyorima him self jisi ike ooooo
no go dey talk nonsense
Wow congrats to our best and favorite artist and musicians , salute ✌️✌️more life to witness your wealthy brothers 😁, Nigeria must be better than before , more riches to u all ✌️✌️
Wow congrats guys
Love it
Congratulations guy
Am so very happy to see my only best singer in top 10 richest musician
MR EAZI
May our almighty God continue bless you
Before 2022 I mean next year, I will be number 1 on the list
Waoh is gud to be richet i lv both
Yh Money stop nonsense
wizkid 4L
I luv u die machala✊
mai 08067267930
whatsapp
I wish you more wealth, long live to you our favorite artist.🇳🇬👈
na lie obo get money pasa
You b fool oooo
Na Wizkid na my guy
What concerns u
Wizkid is the richest
Who tell u
Yes na before I was thinking it was davido ,he was the son of adeleke
Please help me am from Cameroon
Goat shut up na Davido
as u all know de truth and doesn’t want tö speak,Davido is de best and ever
NOTHING LIKE THAT
Really wizKid the serve number one reachest musician in Nigerian
Obo
Gud luck my guy davido”
Star Boy Na Bad Guy
OBO is dy best 1 love
Nice
Correct
i love davido because he is my name sake not only that i so much love his songs
i think he’s my best
yes Davido is the best and richest musician in Nigeria
No go work for your own the talk Davido matter
For where
Great deals
Yes
Oluwa burna keep dominating
the best is davido for sure
I love 2baba not because He Is my brother but I Love all His songs includingDavido omo baba olowo and the rest of them more blessings into ur musical Carriers
Much love balogun
Stair boy all the way love ❤️ him100%
Nice one bro
I wish u all gud luck more blessing to u all before 2021 of this year end I will dey among the top 10 richest person in this world, so shall will be amen
I wish u all gud luck more blessing to u all before 2021 of this year end I will dey among the top 10 richest person in this world, so shall will be amen
Baddest, i stand by u.
Na pple wey dey epp na him i know.
#obo
Baddest, na u i knw
Person wey epp na him get money pass.
Na wizkid don pass obo
Keep up the good work you guyz are incredible to be frank I love to be one of you guyz in term of music on day kudos to ya all this is my contact numb……+23230527216
I love mr eazi keep blowing
I love star boy
I Love obo Davido an I want him to saint me am Gaius from Adamawa states. An my number 09065897034
Gabzy I See U
Obo please san me to ur record label please this is my number 09065897034 am G boy from Adamawa state
🌟 boy 4 life……. Love you
Olamide I wish to be with you because your song dey give me motivation this my number 08077747648
Every where I go na “starboy” starboy”🌟🌟
Right now we dey tinga linga linga
More blessings to you my favorite and best artist ever.
You are always the best among others👈👈
I love Olamide YBNL
Nice star boy and more blessings
Obo you’re best
God bless everyone of you guys
Una suppose know say no mata wetin una talk DAVIDO is the best…💯🔥😇
30BG peeps🥰
Hunnid %
I love p2 because he sing well bro
Wizkid is the #1
i belive u obo .i love all ur songs. especialy ur dressing!
I love wizkid he is my best guy, Star boy please san me to ur record label please this is my number 08143198436 am from guyuk local government Adamawa state
I love wizkid he is my best guy, star boy please cary me this is my number 08143198436 am from guyuk local government Adamawa state, Please call me.
Wizkid nextame na you go winer
I love wizkid he is my best guy, sta boy please cary me this is my number 08143198436 am from guyuk local government Adamawa state, please call me.
Davido Is The Best Musician In Nigeria
All of una dey ment
Star Boy no 1, Baba nla
Star boy number one and only.
More wins with grace
Nice to me
Davido u are the best among all God bless u financially
badest davido me i love u die abey help me i want joint u gang.08029263274
2baba is best musician and respectful man, he is above pride.(honesty).
wiz kidd is d best love u die my guy
I no wizkid is gonna be first top one Nigeria richest me and my friend fight about that l told him wizkid is the best musical then davido, wizkid is the king of music l rock
O B O ur the best ever God continor blessing you i love davido
davido is the richest
Soooo
more grace to Paul okonye..He is my favourite.
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Olamide i love ur musics since when i was a baby.so now i can and rapper since when i was in jss 2.i need u to build up my talent in this 2021.please sign me to YBNL…….Please this is my number:09096525048
Olamide.i knw u are not a proud man.i lov all ur song since when i was 7 years old.god will continue to push u forward.i can sing and rap since when i was in jss2.so please help me to build up my career.so please with the sake of god,please com and sign me.Please sir olamide this is my contact me:09096525048
Odogwu keep on winning you are the best Am not a nuisance but I love you the most among all Nigerian artist
Star ★ boy, u too much, u are d best musician in forever
wizkid was not the first but he is now the first wizkid keep on trying my favourite ARTIST
Wow great improvement abeg I need money oo
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Imole segun
Access bank 🙏🙏🙏🙏🙏🙄
yes davido
your the richest
put more effort guys
is any artist that can help me?
burnaboy not supposed to be in top 3
thats gud
I need money obo u are the best i love you bro
am so happy Wizkid is the number one reachest in a musician in Nigerian? 09077645403? place call me
Olamide baddo i hail you I believe one day you will top insha Allah
I believe u timaya u are the role model (king of music) u the sang reasonable song
How afar boss na me your boy from warri
YES O
WizKid, Africa is proud of you. Thank God we have you, you’re the baddest.
Kept it up my guy wizkid
Starboy as ur fan ,next you we be dey boss
Davido is always the badest of all and the best of all, dat is why e boy mayorkun let u guy know the truth, who wiskid help davido move on with ur life more fun enjoy every movement of ur life and am always on ur side the best, nah still ur boy (x-no wire) my contact info (08167720793) more songs obo
My wiz put on we need 2be having 40m in 2022
i choose machala with no reason
Star ⭐ boy to the world much love ❣️💕
OBO too much love ❣️❣️
Oluwa Burna you guys the give me joy
Wizkid is the best musician in Nigeria I love wizkid is my boss in music is very good in singing
Star boy,keep elevating ❤✌
PLS SIGN ME MR FLAVOUR .MR P , OLAMIDE 08149948984
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My boss Olamide sing me pls
09016145576
nice one
Wizkid the legendary of all time,may God continue to bless u on ur music career,I love u so much and
Please keep the good work my mentor
OBO
Were is my kiss Daniel??
I’m here famz
Gooday starboy (wiskid) u know i am proud of u everytime ur music de give ginger .i love because ur good things u do to pple.kai starboy i luve u.as u can see i am 20 Yrs old i graduated my seconday school last year and i have no way to go to university to further on my education so i wan u to help me thank my name is HYACINTH M.MOSES FROM Markudi benue state .my no.08128791504 Or 08153905220
Davido please am your fan sponsor me please I need your help This is my number 09011932682
Am your number one fun devido
Goodooo
Star boy you are on top no one can stop you.Oluwa will dey for you
Higher star boy
it is good to achieve once dream in life
star boy is on fire
Star boy baba nla ontop
Star boy is on top
Davido my star
I really like wizkid to be a best always. Than I wanted to see wizkid in my life. See my phone number 09011402224
Wizkid is my favorite on this write up… Nice list.
nice one
My guy(boss)2baba i likes u
boss my head o
Timaya help it person
Wow well written starboy u move
Davido I still like u
No matter anything
U are still the one I will choose
Your Comment
Davido obo is my favorite no matter anything…. Him voice dey burst my head… Obo na baba oo
Here is my number also on what’sapp
08108728388 Emmanuel jasper
Burna boy be de best musician
Good oh!!
Nothing can stop me from loving wizkid
I pray you will always be the best… no one can stop you for being number one always
Balogun family no dey carry last I swear 🤘we’re always ahead of everything
I think always to know why I love wizkid but I can’t find a reason for the love ❤️…. I just love him for being real not a fake ass
I’m Balogun David and wizkid is also Balogun
❤️❤️💕💕💕💕💕❤️❤️❤️❤️❤️❤️
Davido i too like you because you are a man of your words
08133211312 here is my contact
YBNL my man God bless u
Davido when ever i hear your music i feel good for the hold day obo baddest. shape
Davido you are my life, see my numebr 09064630904 i love you
wizkid king of music on top
Obo baddest, my love 4 u nor be here.
This is Davido I love my fans
I love OBO
OBO,BADEST NA ONLY YOU I SABI FOR MUSIC,NA YOU SING PASS,IF JOY DEY FOR YOUR BOY NA MY NUMBER BE DAT- – – 07036552580
Burna boy na him be num1
timaya Na the best musician in Nigerian 🇳🇬 up u timaya
Egberi Papan1 of Bayelsa. Thumps up but try to dey help and raise people. You are fortunate.
Flavour you are the best!
Poverty mentality slavery… Go and work and make your your own money. Don’t go about protesting all about.
The live of money. How many of your family members do you like?
Receive sense.
Truth is always bitter,but I must say it….
Since you dropped your contacts how many times has he called you?
Is that how they are dropping their number and they got to where they are today…
Burna boy, David to they are good follower.
Nice
Wizkid is such a great musician in Nigerian ,how ever I thought davido will defeate Wizkid for millions of naria cuz of his background .
Wizkid is de number one in music industry
Davido is de best
U all no Davido is the normber one
No no no wizkid. Don jazzy number one ,2 Davido ,3 Dbang , 4 Wizkid ,5 Mr p , 6 Rudeboye , 7 Timaya ,8 Flavoor , 8 Olamide ,9 2 Baba ,10 mr eazi . I know the verity . This is réality but non Wizkid …
You no go understand
Nice
I pop
wizkid is 1st
Wizzy baba
😂😂😂
😂😂😂
No go f**k🖕🖕 with wizkid ohhh ..
Wizkid is the best
I love this song
Boss always at the top, bring Nigerian music to the leam light. You guys should stop comparing wizzy to anybody that disrespectful.
U GUYS STOP COMPARING WIZKID WITH ANY MUSICIAN ,
Mr flavour ( ijele Africa)
My favorite musician
Jisike, Oluwa gat your back.
I get joy for OBO badest, u dey burst my memory.
07066115869
Nice
One love to wizkid
Mr p I love you
I Love Star Boy Aka Ibrahim Belegum As My Mator And I Want To Sing Like Him Too
I love star boy my best guy💓💓💓💓💓💓my number 08124489471
I love davido
Wizkid is my man I love wizkid music
O.B.O keep on helping pple with ur money God will top it for u davido for life
You guys are doing well pls can’t you propel help me I want too pay for my school fees any how God will bles u 👎🙏
Pls call dis number 0906165661
Big wiz
Nothing can stop me from loving wizkid
I pray you will always be the best… no one can stop you for being number one always
Balogun family no dey carry last I swear 🤘we’re always ahead of everything
I think always to know why I love wizkid but I can’t find a reason for the love ❤️…. I just love him for being real not a fake ass
I’m Balogun David and wizkid is also Balogun
You be boss olamide badoo God bless you more
King badoo ko gbodo pe meji oo
I believe I’ll get help from here
I love all my musician
Keep up the good work
BIG WIZZY I LOVE U MA GEE THIS IS MY NUMBER 08164350326 PLEASE I JUST WANNA BE A DJ HELP PLEASE