Nigeria is a country with booming music industry. Many talented musicians have achieved great success in Nigeria. But who is the richest musician in Nigeria? Below is the list of the top 10 richest musicians in Nigeria and their net worth. We will also discuss their investments and background. Stay tuned!
Here is the list of the richest musicians in Nigeria this 2022 (Updated):
| NAME | NET WORTH | AWARDS | AGE |
| Davido | $45 Million | 30 Wins | 29 years |
| Wizkid | $38 Million | 35 Wins | 31 years |
| 2Baba | $35 Million | 21 Wins | 46 years |
| Burna boy | $29 Million | 23 Wins | 30 years |
| Flavour | $25 Million | 13 Wins | 38 years |
| Don Jazzy | $18 Million | 6 Wins | 39 years |
| Olamide | $16 Million | 22 Wins | 32 years |
| Timaya | $15 Million | 7 Wins | 41 years |
| Tiwa Savage | $11 Million | 21 Wins | 42 years |
| Phyno | $11 Million | 5 Wins | 35 years |
Number One: Davido. 2022 Net worth: $45 million.
Davido is a Nigerian singer, songwriter, and record producer. In Atlanta, USA, he was born on November 21, 1992 to Mr. Deji Adeleke, owner of Pacific Holdings Limited, and Mrs. Vero Adeleke, who currently owns the Victoria Garden City (VGC) in Lagos State. David completed his primary school education at British International School, Lagos, and his secondary education at Oakwood University, Alabama. He later went to Babcock University to study music but left the university after a year due to bad behavior and what he described as “cultural shock.”
David is currently worth $45 million, making him the wealthiest artist in Nigeria. His music career started in 2011. He has since released four studio albums[Omo Baba Olowo, Son of Mercy, A Good Time, A Good Time, A Better Time], two extended plays (EP), and 37 singles, including Champion Sound FT. Vocalist. He won the Best African Act award at the 2017 MTV Europe Music Awards and was nominated for World’s Best Male Artist at the 2018 World Music Awards. Check out the complete list.
David is known for his hit songs such as “Aye,” “Fia,” and “If.” He is also the founder of DMW (Davido Music Worldwide), a record label with signed artists like Mayorkun, Dremo, Peruzzi, and Ichaba. David has collaborated with many international artists such as Meek Mill, Rae Sremmurd, and Young Thug.
In addition to his music career, Davido owns stakes in several businesses, including a football club, a luxury car dealership, a real estate company, and a music production studio.
Number Two: Wizkid. 2022 Net worth: $38 million.
Wizkid is a Nigerian singer and songwriter. He became famous in Nigeria with “Holla at Your Boy.” In 2009, he signed a record deal with EMI Music Publishing. His first studio album, Superstar, was released in 2011. The album spawned the hit singles “Don’t Dull,” “Pakurumo,” and the international chart-topper “Tease Me/Bad Guys.” Wizkid‘s second album, Ayo, was released in 2014. The album had nine tracks, including collaborations with female singers like Seyi Shay and Tiwa Savage. His other albums include Starboy (2016) and Sounds From the Other Side (2017). In 2017, he became the first African artist to appear in Forbes’s 30 Under 30 list.
Wizkid was born Ayodeji Ibrahim Balogun on July 16, 1990, in Surulere Lagos State, Nigeria. He was born to a mother of Yoruba descent and a father who is of Nigerian Efik descent. He is a songwriter and singer who started recording music at age 11. Wizkid has two brothers, Boluwatife and Abiola.
Wizkid‘s estimated net worth in 2022 is $38 million. It is from his music sales, tours, brand endorsements, and other business investments. He has a son named Boluwatife with Sola Ogudugu. Based on his music career, he currently lives in Los Angeles, California.
Some of Wizkid‘s business investments include a share in the luxury car rental company, Cool Rentals. He is also an investor in Supreme Cannabis Company, a Canadian cannabis producer. In March 2019, he announced that he had signed a deal with Disturbing London Records, a subsidiary of Sony Music. This new deal will see him release his next album, Made in Lagos, under the label.
Number Three: 2baba. 2022 Net worth: $35 million.
There is no one like him in the Nigerian music industry when it comes to influence and wealth. The iconic singer has continued to invest in various businesses over the years, and his latest net worth is estimated at $35 million.
Born on September 18, 1975, in Enugu State, Nigeria, Innocent Ujah Idibia, popularly known as “Tuface” or “2Baba“, is a Nigerian singer, songwriter, and actor. He rose to prominence in the late 1990s as the lead singer of the multi-platinum selling music group Plantashun Boyz.
After the breakup of the Plantashun Boyz in 2004, Tuface ventured into a solo music career. He released his debut solo album Face to Face in 2005, which won him several awards. His second studio album, Tuface Idibia (2006), was very successful. From 2007 until 2010, he released three collaborative albums with Plantashun Boyz’s band-mate Blackface Naija.
Tuface has won several awards, including five Headies Awards, one BET Award, and two MTV Africa Music Awards. In 2014, Tuface was featured on the hit single “I Swear” by Nigerian artist Yemi Alade. The song became an instant hit in Nigeria, and it was nominated for Best Collaboration at the 2015 Headies Awards.
He is married to Annie Idibia, and they have two daughters together. On May 23, 2013, the couple got married in Dubai after eight years of dating. Tuface has six children from different women; one with Sumbo Ajaba Adeoye, another with Sunmbo Ajaba Adeoye (his wife), and four with Annie Idibia (his wife).
He also has a son from his former girlfriend, Pero Adeniyi. In 2016, Tuface opened up about the child he had with Pero in an interview: “It is not that I don’t want to acknowledge my son, but I thought it was best for him not to be in the public eye. It is not easy for a child to grow up with two famous parents.”
In 2015, Tuface co-founded a music and talent management company called “Hypertek Digital.” The company’s first signee was his younger brother, Tony Tetuila. In 2016, Hypertek Digital signed Nigerian artiste Seyi Shay to a management contract.
Tuface is also the founder of “One Africa Music Fest,” which celebrates African music and cultures. The festival’s first edition was held in London, United Kingdom, on July 22, 2017.
Number Four: Burna Boy. 2022 Net worth: $29 million.
Burna boy, whose real name is Damini Ogulu, was born in Port Harcourt, Rivers State, on July 02, 1991. Burna boy Net Worth has been a hot topic on social media for weeks now, and here are some interesting facts about the Nigerian Afro-Pop star’s net worth, biography, and investments.
In March 2019, Burna boy‘s net worth was estimated to be $10 million by Celebrity Net Worth. However, in July 2020, his net worth skyrocketed to $14 million, making him one of the wealthiest Nigerian musicians at the moment. And as of 2022, he’s currently worth $29 million. It can be attributed to several factors, including endorsement deals with top brands like MTN and Pepsi and his successful music career.
Burna boys biography is quite interesting. He started making music at a young age and released his debut album in 2012. Since then, he has won numerous awards, including the Best International Act award at the 2019 BET Awards and the most prestigious Awards “Grammy.” Some of his most famous songs include “Ye,” “Killin Dem,” “On The Low,” “Gbona,” and many more.
Burna boy‘s investments are also very impressive. In Nigeria, he owns a $600 thousand mansion in several cars, including Range Rover Autobiography and a Porsche Panamera worth over $300 thousand altogether. Burna boy is one of the most influential Nigerian musicians at the moment, and we can only expect his net worth to keep increasing.
Number Five: Flavour. 2022 Net worth: $25 million.
Flavour‘s Net Worth is estimated at $25 million. He made his money from music, investments, and business enterprises. Flavour was born in Enugu State, Nigeria, on November 23, 1983. He is a singer-songwriter-producer who has released one album to date. His debut album came out in 2006.
Flavour‘s notable investments include a $600,000 stake in Hennessey’s Nigerian beverage company. He also has ownership stakes in two luxury hotels in Nigeria. Flavour is married to Anna Ebiere Okoli, and they have three children together.
In 2017, he was listed as the ninth richest artist in Africa by Forbes magazine. Flavour‘s music has been referred to as Afrobeat, and his style has a strong influence from highlife, hip hop, gospel, and reggae music.
Number Six: Don Jazzy. 2022 Net worth: $18 million.
Michael Collins Ajereh, known as Don Jazzy, is a Nigerian record producer, singer-songwriter, and entrepreneur. On November 26, 1982, he was born in Lagos State, Nigeria. He moved to London at the age of 16 and graduated from the University of London with a degree in Business Management.
Don Jazzy‘s career began when he met OJB Jezreel while working as a security guard. He became involved in music production under the tutelage of Jezreel, and in 2004, he co-founded the music label Mo’ Hits Records with D’banj. The label was home to several successful Nigerian artists, including Wande Coal, Dr. Sid, and Don Jazzy.
In 2012, Don Jazzy left Mo’ Hits Records to found his record label, Mavin Records. The label has signed several successful artists, including Tiwa Savage, Di’Ja, and Korede Bello.
Don Jazzy is also a successful entrepreneur. He has invested in several businesses, including an oil company, a real estate firm, and a fast-food chain. In 2022, his net worth is estimated at $18 million.
Don Jazzy has won several awards and recognitions, including the Channel O Music Video Awards for Most Gifted Male in 2007 and 2008; three Headies Awards from 2006 to 2010; an MTV Africa Music Award for Listener’s Choice in 2014; and a Nigeria Entertainment Award for Producer of the Year in 2015. He was also nominated for a Grammy Award in 2007.
Number Seven: Olamide. 2022 Net worth: $16 million.
Olamide is a Nigerian hip-hop recording artist and songwriter. He has a previous estimated net worth of $12 million as of 2019. In 2022, Olamide’s net worth is estimated at $16 million.
Olamide started his career in 2006 with “Myspace Rap.” In 2011, he released his debut album Rapsodi, nominated for Best Rap Album at The Headies 2012. He rose to prominence in 2012 with his second album YBNL. Olamide has been involved in charitable activities, including donating food and funds to widows and orphans.
Olamide Adedeji was born on March 15, 1989, in Lagos State, Nigeria. He was raised by his mother, who worked as a tailor. Olamide attended secondary school at Victory Grammar School in Lagos State and later studied business administration at the University of Lagos. He started his music career in 2006 with the release of a song called “Myspace Rap,” which was followed by other singles, including “Eni Duro,” “First of All,” and “I’m a Boss.”
Olamide has been involved in charitable activities, including donating food and funds to widows and orphans. In 2011, he released his debut album Rapsodi, nominated for Best Rap Album at The Headies 2012. He rose to prominence in 2012 with the release of his second album, YBNL, which spawned popular singles such as “First of All,” “Shotgun,” “Voice of the Street,” and “YBNL Nation.”
He is the founder of YBNL Nation, a record label that signed Lil Kesh, Viktoh, Chinko Ekun, and Dremo. He has an endorsement deal with Guinness Nigeria and was the cover artist for their 50th-anniversary edition.
Number Eight: Timaya. 2022 Net worth: $15 million.
Born on November 15, 1977, in Eastern Nigeria, Timaya‘s real name is Enitimi Alfred Odom. He is a singer and songwriter who has been active in the music industry since 2002. His style of music can be classified as Afrobeat, Reggae, and Dancehall. In terms of earnings, he is one of the wealthiest Nigerian singers.
Timaya Net Worth 2022 Timaya‘s net worth in 2022 is estimated to be around 15 million dollars, according to reports from authoritative sources such as Forbes and Bloomberg. He has made most of his money from singing and songwriting contracts. His endorsement deals with several major brands have also contributed significantly to his wealth.
Dem Mama was the artist’s debut album, released in 2005, quickly earning him a lot of money and fame. Since then, he has released several other albums, such as True Story (2006) Gift and Grace (2008). His latest album is called Chulo Vibes EP, released in 2019.
Timaya has several investments apart from his music career. Some of these include a nightclub in Port Harcourt. A football team called the Bayelsa United and real estate holdings. He is also reportedly planning to invest in a new oil refinery. All these investments have helped him to amass a considerable fortune.
Number Nine: 2022 Tiwa Savage. Net worth: $11 million.
Tiwa Savage is a Nigerian singer, songwriter, actress, and entrepreneur. She has an estimated net worth of $11 million thousand dollars. Savage’s music career began in 2002 when she met Tee Billz, who later became her husband and manager. The two collaborated on many songs together before getting married in 2013. In 2006, Tiwa Savage signed a record deal with Mavin Records. She has since released four solo studio albums and collaborated with many international artists.
Savage is also an entrepreneur. In 2013, she launched her fashion line called Savage by Tiwa Savage. The brand offers a range of clothing items for both men and women. She has also ventured into the food industry, opening Safisha in Lagos. Savage has also invested in real estate and owns properties across Nigeria.
Tiwa Savage was born on February 15, 1980, in Isale Eko, Lagos State, to Tunji Balogun and Nana Ogunwusi. Her parents separated when she was 11 years old. She has two younger siblings, a brother named Feyijimi Balogun and Tiwalade Balogun’s sister. Savage attended Queen’s College in Lagos before moving to the United Kingdom to pursue her secondary education at Newton Park School for Girls in Bedfordshire, England.
Number Ten: Phyno. 2022 Net worth: $11 million.
Phyno is a Nigerian rapper, singer, and songwriter who has a net worth of $11 million. This figure includes his assets like cars and houses and Phyno‘ endorsement, deals with various companies. Phyno owns shares in different businesses, including properties and music equipment stores. He also works with major brands such as MTN, Guinness, and Konga. Phyno is considered one of the wealthiest rappers in Africa.
Phyno was born on October 14, 1985, in Enugu State, Nigeria. He became interested in music at a young age and started writing songs when he was just 16 years old. In 2004, he formed the rap group “The School Boys” with four other rappers from Enugu State. The group released their first album called “School iz Hard” in 2005.
Phyno‘s the second album, No Guts No Glory, was released in 2014 and debuted on the Billboard World Albums chart. His debut album Deal With It was released on October 20, 2007, and sold over 200,000 units worldwide by 2008. Phyno has collaborated with several top artists, including Olamide, Davido, Wizkid, and Flavour. He is also a member of the hip-hop supergroup “Penthauz.”
Phyno is one of the most successful rappers in Africa, and his music continues to inspire people all over the world. He is a devout Christian and often speaks about his faith in interviews. Phyno is married to his long-time girlfriend, and they have two children together.
Conclusion
So there you have it, the top 10 richest musicians in Nigeria and their corresponding net worth. These talented individuals have made a considerable amount of money from their music endeavors and continue to do so. Some are involved in other private businesses ventures like crypto, while others stick to music alone. What is your take on this? Who do you think will be at the top of this list next year? Let me know what you think in the comment section below!
