Top 10 richest musicians in Nigeria

Nigerian music has a rich history and some of the most popular musicians in Nigeria have gone on to become world-renowned stars. This article will showcase 10 Nigerian artists ranked among the richest Nigeria musicians.

So many musicians from Nigeria, such as Timaya and Wizkid have catapulted to fame after their struggles in life. It is amazing how the music industry has changed these artists so much- they went from having nothing at all to being rich celebrities with great success! They are making a difference not only for themselves but for many other Nigerians too.

We all love music. It is a universal language that can be enjoyed by anyone of any age or background. But have you ever wondered how much Nigerian musicians make? The answer may surprise you! Here, we list and discuss the top 10 richest Nigerian musicians in Nigeria’s music industry so far.


Ayodeji Ibrahim Balogun, known as wizkid while his other names are Lil Prinz, Wizzy, Starboy, Machala, Daddy Yo, Baba Nla, Eleniyan was born on 16th July 1990 in Surulere Lagos State Nigeria. He is a singer-songwriter and rapper from Nigeria who started his musical career singing afrobeats songs with an R&B twist which later gradually evolved, He has been on the music scene for more than 10 years now and there is no stopping him. He started his career as a drummer under the moniker Sarz before joining Mavin records in 2010, where he was renamed to Wizkid. Thereafter he rose to prominence after releasing “Holla at Your Boy” from his debut album Superstar (2012). It’s hard to believe that Wizkid has been in the music industry for over 17 years. He first started out as a backup dancer for D’banj but he was always interested in singing. In 2001, he released his first single “Oleku” and it became an instant hit. Today, Wizkid is one of the most successful Nigerian musicians with millions of streams on Spotify and iTunes!

Wizkid networth is estimated to $20 million is an interesting topic because it shows the wide range of income levels. Wizkid’s net worth was estimated at around 20 million USD in present year. This would put him on par with celebrities who are all worth about 20 million USD too.
This range of wealth also demonstrates how much money is generated in different parts of the world and what people from these regions consider to be “rich.”

• Wizkid net worth is $20 million
• Wizkid’s father died when he was a baby and his mother raised him alone
• He started singing at the age of 10 years old
• His first song was “Oleku” which means “I’m sorry” in Yoruba language
• He has collaborated with Drake, Chris Brown, DJ Khaled and many more artists
• In 2017, he released his debut album titled Sounds from the Other Side that debuted at number one on Billboard 200 chart for two consecutive weeks.

Wizkid own a mansion worth ₦13 million in Surulere, Lagos and another mansion in Los Angeles. He own different type of expensive rides such as:

• Lamborghini Urus worth ₦80 million
• Porsche Panamera worth ₦50.8 million
• Mercedes Benz G63 AMG worth ₦65 million
• BMW X6 crossover worth ₦8.7 million


David Adedeji Adeleke, better known by his stage name Davido was born on November 21, 1992 in Atlanta, Georgia. His parents are of Nigerian descent and he is the first child with three other siblings. He attended Cedar Grove High School in DeKalb County Georgia before dropping out to focus on his singing career.

He started his music career at the age of 16 as a producer and songwriter but later transitioned into a recording artist in 2010 after releasing “Back When” which became one of Nigeria’s most successful songs of all time.

His debut studio album Omo Baba Olowo (meaning Daddy All Over) was released in 2012 followed by an EP titled Shoki Shoki (meaning Attention).

Davido is a Nigerian singer-songwriter, record producer and entrepreneur who is professionally know to be a musician. Davido’s net worth is estimated to be around $19 million. He has released four studio albums in his career including the most recent one “A Better Time” which was launched on 2020.

Davido’s Houses

Davido has different houses, he owned two mansions at Lekki in Lagos and a getaway mansion at Georgia in United State of American .

Davido’s Cars

Davido is one of the celebrities that spend more to acquire exotic cars. His expensive ride are:

• Rolls Royce Cullinan 2019 worth ₦350 million
Bentley Bentayga worth ₦108 million
• Bentley Continental GT worth ₦95 million
• Porsche Panamera Turbo S worth ₦22.8 million
• Range Rover Sports worth ₦90 million
• Range Rover SV Autobiography worth ₦98 million
• Chevrolet Camaro GS worth ₦9.4 million
• Audi R8 worth ₦23.4 million
• Audi Q7 worth ₦12 million
• Mercedes-AMG GLS63 worth ₦45 million
• Mercedes G-Wagon worth ₦21 million
• Toyota Land Cruiser worth ₦30 million and other cars like a Porsche, Range Rover Sport and Chevrolet Camaro

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Don Jazzy

Don Jazzy is an award-winning Nigerian musician, record producer and songwriter. Born Michael Collins Ajereh in Ajegunle, Lagos State on November 26th 1982, he began his music career as a member of the Mo’ Hits Crew. He later became one of the most successful solo artists to come out of Africa with several awards under his belt including 3 Headies Awards for Producer of the Year (2009), Best Produced Album (2011) and Best Male Vocal Performance (2012).

Don Jazzy is a Nigerian reggae and R&B record producer, singer-songwriter, entrepreneur, TV personality and philanthropist. He has an estimated net worth of $18.5 million as of 2019.
He has been the CEO of Mavin Records since 2009.

In 2017 he launched his own music label called D’banj’s DB Records which he later sold to Island/Universal Music Group in 2018 for $3 million.

Don Jazzy ownes mansions at Lekki, Banana Island in Lagos and the third one at Los Angeles, USA. His expensive cars, are:

• Porsche 911 Carrera worth ₦42 million
• Bentley Continental worth ₦25 million
• Cadillac Escalade worth ₦27.2 million
• Mercedes Benz E350 worth ₦20 million

Burna Boy

The Nigerian rapper burna boy is an artist whose powerful lyrics, catchy tunes and cool dance moves have made him one of the most popular rappers in Africa. He was born Damini Ogulu on December 12th 1990 and raised by his grandmother in a small village near Benin City, Nigeria. His stage name burna boy comes from the nickname given to him as he grew up playing soccer which means “burner”. It wasn’t until 2009 that burna boy became famous across Nigeria for his rap skills when he released his first album called “No Bad Songz.”

The legendary Nigerian singer and songwriter, Burna Boy has an estimated networth of about $17 million. He is also a stage performer, Afrobeat artiste and reggae musician. With such a diverse range of genres in his repertoire, he’s had no problem attracting fans from all over the world!. Burnaboy cars are: Lexus, Bentley, Mercedes-Benz G Wagon,
2013 Ferrari 458 Italia, Rolls Royce Down Convertible.


2Baba is a Nigerian singer, songwriter, record producer and entrepreneur. Born Innocent Ujah Idibia in Jos, Nigeria on 18 September 1975, 2Baba later changed his name to 2Baba. In 1994 he became the lead vocalist of the Nigerian group Plantashun Boyz and went by the stage name “Blackface.” The band released their first album “Mind Your Own Business” in 1998 under MCA Records. Due to creative differences within the group 2Baba left Plantashun Boyz in 2003 which led him to pursue a solo career as an artist and start his own label Hypertek Digital while still managing other artists such as Faze.

2Baba is one of Nigeria’s most successful artist. He has won numerous awards and released many albums over the course of his career. 2baba biography will cover his life, music, achievements, and more.

2Baba (real name Innocent Ujah Idibia) is a Nigerian singer, songwriter and record producer. He has an estimated net worth of $16 million and he’s been in the industry for over two decades. In this article we will be taking a look at his life outside of music and how he currently makes money. 2baba owns Chevrolet Corvette Coupe worth ₦45million, Ferrari Coupe worth ₦80 million, Toyota Land Cruiser Prado ₦52 million while his mansions are landed in Lagos and relaxation lounges at Lagos Island, Festac, Ikeja and the other apartment in the US.


Olamide is a Nigerian rapper and singer-songwriter. Olamide has been nominated for many awards, including the Best African Act at the MTV Europe Music Awards in 2011 and 2015, as well as being ranked one of Africa’s top 10 most influential people by NewAfrican magazine in 2013. He was also crowned Artiste of the Year at The Headies 2011. He started his career with YBNL Nation and signed to Empire Mates Entertainment (EME).
He is currently working on his debut album titled “The Glory”.

Olamide Ogunmefun is a Nigerian rapper, singer and songwriter. His net worth is estimated to $12 million and he made this income by being a musician, businessman as well as an entrepreneur. He has been in the music industry for over 10 years now with many successful singles and albums to his name. He owns two mansions in Lekki and Bariga while his cars include: Mercedes-Benz G Wagon worth ₦23 million,
Range Rover Sports V8 worth ₦84 million – ₦90 million, Rolls-Royce Phantom worth ₦204 million.


Phyno is a Nigerian rapper, singer, songwriter and record producer. He was born on October 9th 1986 in Anambra State, Nigeria. Phyno’s first major track was “Dorobucci” which featured Flavour N’abania and Olamide. In 2003 he released his debut album titled “No Guts No Glory.” This album has been said to be the most successful for an Igbo rap artist ever because it sold over 3 million copies worldwide with only one promotion. The rapper continues to release music as well as hosting shows like MTV Base’s Rap School Cypher and TVC News’ Hip Hop Spotter alongside Chigul.

He has been active since 2003 and is best known for his Igbo rap and hip hop songs. He has won multiple awards including two BET Awards, one MTV Africa Music Award, one The Headies award among others.

Phyno is a Nigerian rapper, singer, songwriter and record producer. Phyno has been in the music industry for over 10 years now and has successfully made his net worth grow to $11 million and has been featured in Forbes Africa Magazine as one of the top 100 most influential Nigerians.

He owns a mansion worth N170 million at Chevy View Estate with one mansion at Chevron Drive in Lekki while the other one is at Enugu State.

Phyno also ride some expensive cars, such as Rolls Royce Phantom worth ₦204m, Lamborghini Gallardo Spyder worth betwenn ₦74.6 million to ₦117.9 million, Polaris Slingshot worth ₦7.3 million, Bentley GT Coupe worth ₦72.7 million, Range Rover Sports worth ₦84 million, Toyota Avalon worth ₦11 million.

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Timaya is a singer, songwriter and musician from odi Bayelsa state, Nigeria. He was born on 15 August 1988 in Port Harcourt, Rivers State to Mr Alfred Odon-Inetimi (father) and Mrs. Rita John-Odon (mother). Timaya’s family belongs to the Ijaw tribe of Nigerians who are predominantly found in Bayelsa State with some also residing in Delta state. While he was growing up, Timaya moved around quite a lot due to his father being an oil engineer; living in Lagos for 5 years before moving back to Port Harcourt where he attended St. Stephens Primary School then went on to study at Hillcrest Secondary School for his secondary education before enrolling at University of Maiduguri.

Timaya’s first studio album “Omoge” was released in 2005 and followed by “Iyanu Igbo” (2006), “Gospel For The Streetz” (2008)and the most recent one which is titled “Kobe Bryant”. Some of his popular singles are ‘Pon Me Sleng’, ‘Blessing’ and more recently; ‘Dancehall Business’.

Timaya is a Nigerian singer and songwriter. He has an estimated net worth of $10.5 million, which he made through his music career as well as other business endeavors such as fashion designing, producing movies, and owning the record label G-Worldwide Entertainment. Timaya was born in Lagos Nigeria on August 15 1988 to Mr. & Mrs Igwe Okorie who were both teachers but later became bankers after they moved to Warri Delta State from Agbor Anambra State where Timaya spent his early years with them before moving back to Lagos when he had finished Junior Secondary school.

Timaya owns a mansion worth ₦250 million at Lekki, Lagos State. Timaya owns 3 Mercedes G-Wagon cars in different colours and other cars are: Porsche 911 Carrera worth ₦42 million, 2 Range Rover Sports worth ₦84 million to ₦90 million, Mercedes-Benz G55 AMG worth ₦85 million, Mercedes-Benz GLE worth ₦22 million, Bentley Continental GT worth ₦76 million, Lexus LX570 2015 worth ₦39,000,000, Lexus GX 460 worth between ₦25 million and ₦42 million.

Peter Okoye and Paul Okoye

Peter Okoye is a Nigerian musician, dancer and fashion designer. He was born on 18 November 1981 in Jos, Nigeria to Nigerian parents. Peter is best known as one half of the African pop duo P-Square alongside his twin brother Paul Okoye. Peter has been active since 2003 and released four studio albums with P-Square: All or Nothing (2007), Game Over (2009), Double Trouble (2012) and As E Dey Hot (2016). Peter also featured in Akon’s song “I Wanna Love You” from Konvict Muzik 4 Life album which was nominated for Best Pop Collaboration at the 2010 Grammy Awards.

Peter and Paul Okoye are twin Nigerian brothers who became millionaires together. Peter is a singer and entrepreneur while Paul is the CEO of their company, P-square productions. They have both been around for decades but only recently became famous in Nigeria when they released their album “Incomparable” in 2008 which went on to sell over one million copies.

Peter Okoye is a Nigerian singer, songwriter, dancer and entrepreneur. Peter has been described as one of the most successful dancers in Nigeria and Africa. He was born on 18 November 1981 in Jos to Jude Okoye (father) and Iyabo Okoye-Ojo (mother). His father died when he was just three years old. Peter’s mother remarried but his stepfather also died soon after marrying Iyabo. He began his career with the musical group P Square in 2000, before going solo in 2005 releasing “Why Me” which became a number one hit on Billboard music charts for weeks, selling over 500 000 copies across Africa and Europe

Peter okoye is now known as Mr p, he owns a mansion in Lagos and another one in Atlanta, United State of American. He is also run a real car collector. Some of the rides he uses are: 2 Range Rovers worth between ₦50 million to ₦82 million, BMW X6 worth between ₦23.5 million  to ₦28 million, Dodge Challenge worth ₦20million,
Porsche 718 Cayman worth ₦22 million,
Mercedes AMG GL63 worth ₦45 million,
Bentley Mulsanne worth ₦125 million and Jeep Wrangler worth ₦12.6 million.

Paul Okoye well know now as Rudeboy, his Cars and beautiful Mansion in Nigeria and outside the country and none of the houses is less than million naira mansions.

Rudeboy exotic cars are: Rolls-Royce Phantom worth ₦204 million, Rolls Royce Ghost worth between ₦191 million and ₦247 million, Land Rover Range Rover worth ₦82 million, Lamborghini Gallardo worth better ₦74.6 million and ₦117.9 million.

Peter Okoye and Paul Okoye – Net Worth of $10 million each


Flavour is a Nigerian singer, songwriter and multi-instrumentalist. Flavour was born Chinedu Izuchukwu Okoli in Enugu, Nigeria on the 23rd of November 1983. He found his passion for music at a young age as he sang at church with his mother and grandmother who were both gospel singers. In 2005, he released “Ikwanike” which garnered him three nominations at the 2006 Awards Ceremony of Nigerian Entertainment Journalists Association (NEJA). His 2009 album titled “Your Time Is Now” won him six awards including Album of The Year from NEJAs and Best Male Artiste from Headies Award 2010.

Flavour has not only made his mark in the music industry but also on the fashion with his clothing line. Flavour has been one of Nigeria’s most influential celebrities since he began to make waves in the entertainment scene back in 2003. With an estimated net worth of $9.5 million, it is clear that flavour knows how to put a dollar where its mouth is! Flavour’s Cars are: Lexus LX 570, Black Mercedes Benz G-wagon worth 40 million, Land Rover worth N25 million, BMW X6 worth 18 million.

Flavour – Net Worth of $9.5 million.