The Nigerian music scene is exploding with success stories. And what better way to measure success than by financial prowess? No doubt, many of our favourite artists have accumulated so much wealth so far, but who among them is the most financially successful?
Relax, because in this post, I will settle once and for all the question of who is the richest among them. I've taken a lot of factors and reputable sources into consideration before coming up with the verdict. So, trust me, it's fool-proof. Now let's examine the top 5 wealthiest musicians leading the vibrant Nigerian music revolution.
Ranking Criteria
First, how did I come up with the list? The ranking criteria for artists on this list put all these into consideration: their assets, net worth, endorsements, shows/tours, streaming revenue, and investments. Lucrative corporate sponsorship deals are also pivotal, so that's also what I considered. Without further ado, here are Nigeria's top 5 money-making musicians.
#5. 2Baba ($16 Million)
At number 5 we have 2Baba with an estimated net worth of $16 million. Legendary hip hop icon 2Baba, formerly known as 2Face Idibia, is an Afrobeats pioneer whose ground works paved the way for today's Afronbeats successes. 2Baba's heavy discography includes all-time hits like "African Queen", numerous awards, platinum records, sold-out concerts, and more.
His wealthy status draws not just from 25+ years of music fame, but also prudent investment in real estate. His income also comes from partnerships with top Nigerian brands like Guinness beer, Airtel communication network, and currently, the Oriamo brand.
#4. Don Jazzy ($18 Million)
Breaking into the third spot is Don Jazzy with $18.5 million. As founder and CEO of Mavin Records, Don Jazzy shaped the landscape for new Nigerian music. Dubbed Africa’s richest music producer, he has an ear for spotting and grooming talent, having signed musical sensations like Tiwa Savage, and the reigning champion, Rema, with 2 Billion Spotify streams recently.
Don Jazzy has produced multiple chart-topping hits which have made his artists household names across Africa, and continually expands his empire. Apart from music and talent incubation, he invests actively in real estate, tech startups, and more. He is the proud owner of several mansions and luxury cars among which is a Porsche 911 Carrera.
#3. Burna Boy ($20 Million)
Next up at number four is the Odogwu himself, Burna Boy, valued around $17 million. Since bursting onto the scene in 2012, he has cemented his status as one of Africa's biggest crossover acts. His 2018 smash “Ye” elevated him onto the world map, winning him accolades like the BET Award and MTV Europe Music Award.
Burna Boy has since performed at major festivals like Coachella, churned out great albums, sold out arenas globally like New York's Madison Square, and a recipient of a Grammy Award for world best music album. Much of his income flows from tours, streaming revenue, lucrative ambassadorial stints, and more. He has a fleet of cars which includes a 2022 Lamborghini Urus, and other premium brands to his name.
#2 - Davido (19.5 Million)
At number two we have Davido, with $19.5 million to his name. Undoubtedly Nigeria’s reigning pop icon, Davido has accomplished unprecedented global success within just a decade. Hits like “Fall” and “If” catapulted the 31-year-old into international superstardom.
Davido earns big as a singer, music executive, brand ambassador for wealthy firms like Martell Cognac, and serial entrepreneur with interests in real estate. He is also the first African artist to get featured in a World Cup single. He has numerous luxury apartments both at home and abroad, and his car collection keeps increasing so it's hard to keep up. He owns a Rolls-Royce Cullinan 2019, a Bentley Continental GT, and other car collections. Plus, he's the only Nigerian artist to own, not one, but two private jets under his belt.
#1 - WizKid ($21 Million)
When you ask, "Who is the richest musician in Nigeria?" The answer is, "WizKid" with a net worth estimated at $21 million. From early Lagos hits like "Hola at your boy" to recent global domination, WizKid symbolises the explosive rise of Afrobeats. His credits include sold-out 02 Arena concerts, collaboration with megastars like Drake and Beyonce, and huge streaming numbers currently only bested by Nigerian newcomer Rema.
Cementing his financial status, WizKid owns lucrative partnerships with brands like Puma and has broken various Guinness World records. He owns mansions in Lagos and California. Plus, he has an impressive garage which consists of rarities like the Lamborghini Urus and Porsche Panamera.
Conclusion
In closing, these highly talented Nigerian hitmakers have secured both fame and fortune! Given their youth, creative genius, and tireless drive, they will continue breaking boundaries and getting richer as African music gains its rightful place on the world map. The sounds of success will keep amplifying and billions of ears will keep listening.
Relax, because in this post, I will settle once and for all the question of who is the richest among them. I've taken a lot of factors and reputable sources into consideration before coming up with the verdict. So, trust me, it's fool-proof. Now let's examine the top 5 wealthiest musicians leading the vibrant Nigerian music revolution.
Ranking Criteria
First, how did I come up with the list? The ranking criteria for artists on this list put all these into consideration: their assets, net worth, endorsements, shows/tours, streaming revenue, and investments. Lucrative corporate sponsorship deals are also pivotal, so that's also what I considered. Without further ado, here are Nigeria's top 5 money-making musicians.
#5. 2Baba ($16 Million)
At number 5 we have 2Baba with an estimated net worth of $16 million. Legendary hip hop icon 2Baba, formerly known as 2Face Idibia, is an Afrobeats pioneer whose ground works paved the way for today's Afronbeats successes. 2Baba's heavy discography includes all-time hits like "African Queen", numerous awards, platinum records, sold-out concerts, and more.
His wealthy status draws not just from 25+ years of music fame, but also prudent investment in real estate. His income also comes from partnerships with top Nigerian brands like Guinness beer, Airtel communication network, and currently, the Oriamo brand.
#4. Don Jazzy ($18 Million)
Breaking into the third spot is Don Jazzy with $18.5 million. As founder and CEO of Mavin Records, Don Jazzy shaped the landscape for new Nigerian music. Dubbed Africa’s richest music producer, he has an ear for spotting and grooming talent, having signed musical sensations like Tiwa Savage, and the reigning champion, Rema, with 2 Billion Spotify streams recently.
Don Jazzy has produced multiple chart-topping hits which have made his artists household names across Africa, and continually expands his empire. Apart from music and talent incubation, he invests actively in real estate, tech startups, and more. He is the proud owner of several mansions and luxury cars among which is a Porsche 911 Carrera.
#3. Burna Boy ($20 Million)
Next up at number four is the Odogwu himself, Burna Boy, valued around $17 million. Since bursting onto the scene in 2012, he has cemented his status as one of Africa's biggest crossover acts. His 2018 smash “Ye” elevated him onto the world map, winning him accolades like the BET Award and MTV Europe Music Award.
Burna Boy has since performed at major festivals like Coachella, churned out great albums, sold out arenas globally like New York's Madison Square, and a recipient of a Grammy Award for world best music album. Much of his income flows from tours, streaming revenue, lucrative ambassadorial stints, and more. He has a fleet of cars which includes a 2022 Lamborghini Urus, and other premium brands to his name.
#2 - Davido (19.5 Million)
At number two we have Davido, with $19.5 million to his name. Undoubtedly Nigeria’s reigning pop icon, Davido has accomplished unprecedented global success within just a decade. Hits like “Fall” and “If” catapulted the 31-year-old into international superstardom.
Davido earns big as a singer, music executive, brand ambassador for wealthy firms like Martell Cognac, and serial entrepreneur with interests in real estate. He is also the first African artist to get featured in a World Cup single. He has numerous luxury apartments both at home and abroad, and his car collection keeps increasing so it's hard to keep up. He owns a Rolls-Royce Cullinan 2019, a Bentley Continental GT, and other car collections. Plus, he's the only Nigerian artist to own, not one, but two private jets under his belt.
#1 - WizKid ($21 Million)
When you ask, "Who is the richest musician in Nigeria?" The answer is, "WizKid" with a net worth estimated at $21 million. From early Lagos hits like "Hola at your boy" to recent global domination, WizKid symbolises the explosive rise of Afrobeats. His credits include sold-out 02 Arena concerts, collaboration with megastars like Drake and Beyonce, and huge streaming numbers currently only bested by Nigerian newcomer Rema.
Cementing his financial status, WizKid owns lucrative partnerships with brands like Puma and has broken various Guinness World records. He owns mansions in Lagos and California. Plus, he has an impressive garage which consists of rarities like the Lamborghini Urus and Porsche Panamera.
Conclusion
In closing, these highly talented Nigerian hitmakers have secured both fame and fortune! Given their youth, creative genius, and tireless drive, they will continue breaking boundaries and getting richer as African music gains its rightful place on the world map. The sounds of success will keep amplifying and billions of ears will keep listening.
