Top 10 Richest Musicians In Nigeria 2021
Who are the richest musicians in Nigeria?
The richest Musicians in Nigeria 2021, their net worth, cars, awards, etc have been burning questions amongst music lovers in Nigeria and the world at large.
We’ll therefore take you on a wonderful tour of everything you need to know about these top richest musicians in Nigeria which you wouldn’t like to miss.
The Nigerian Music industry is becoming saturated as a result of the upsurge of upcoming talented artists like Fireboy, Joeboy, Rema, who wants to showcase their talents to the world and at the same time have their own share of the financial benefits and fame that comes with being a top musician in Nigeria.
This list was carefully compiled from statistical analysis from the Forbes list, the amount these artists charge per show, their endorsement deals, and investments.
Top 10 Richest Musicians In Nigeria 2021
|2||Mr. P||$68 million|
|4||Don Jazzy||$66 million|
|6||2 Face Idibia||$37 million|
|10||Burna BOY||$18 million|
10. BURNA BOY
Name: Damini Ebunoluwa Ogulu
Stage Name: Burna Boy
DOB: July 2nd,, 1991
Age. 30 years as at 2021
State of Origin. Rivers State
Networth: $18 million
Damini Ebunoluwa Ogulu popularly known by his stage name as Burna Boy is a Nigerian A-list award-winning musician, songwriter, and recording artist.
Born on July 2nd, 1991, in Port Harcourt Rivers State Nigeria by parents Bosede and Samuel Ogulu.
Born into a family of four where he’s the only so and also into a music-loving family where his mother was a dancer for the Nigerian legendary Musician Fela Anikulakpo Kuti which made him appreciate Music at very tender age 10 years
Burna Boy started his musical Career in 2012 when he signed a record label deal with Aristokart Records. and since then, he has been striving hard to maintain his relevance in the Nigerian Music industry and his hard work has paid off as he has won a couple of awards to himself over recent time.
Burna Boy has won the following awards in his music Career as of 2021 courtesy of his hardwork:
- Soundcity MVP Awards Festival: African Artistes of the Year, Listener’s Choice and Beat Male MVP.
- Best Global Music Album at 2021 Grammy Awards
- His Twice as tall Album also fetch him some awards at the 2021 Grammy Awards which marked the peak of his career in the Nigerian music industry.
Because of how largely successful Burna Boy is in the music industry in both Nigeria and Africa, he occupies a good position in the list of the top 20 richest Musicians in Africa at large.
Burna also likes spending his cash on some automobiles as he has a couple of cars to his garage which includes:
- Rolls Royce Convertible
- Mercedes Benz G Wagon
- Bentley, etc
Burna Boy has an estimated net worth of $18 million dollars which Is equivalent to over 18 billion naira thereby putting him on the list of richest musicians in Nigeria.
Name: Chinedu Okoli
Stage Name: Flavour
State of Origin: Anambra
DOB: November 23rd, 1983
Age: 38 years as at 2021
Networth: $26 million
Genre of Music: Igbo Highlife and hip hop
Marital Status: Single
Chinedu Okoli popularly known as Flavour Nabania| Ijele of Africa is an award-winning singer, songwriter, and instrumentalist.
The 38 years old singer who hails from Umunze in Orumba South, LGA Anambra State is popularly known for his ability to sing fluently in the Igbo Language. He also plays other instruments like guitar, piano, drums, lead, etc fluently.
He started his musical career at a very tender age of 13 years and ever since then, his talent has put him on the map of the richest musicians in Nigeria.
Flavor has worn a couple of Awards in his career which justifies how successful he is in the industry.
Flavour also has a very good place in the list of the top 30 richest and successful traditional musicians in Africa as a whole.
Some of Flavours awards are:
- Nigeria Music Video Awards (NMVA): Video of the Year “Ada Ada”
- Nigeria Entertainment Awards: Best Indigenous Artist/Group.
- African Muzik Magazine Awards: Best Traditional Artist, etc
Flavor also spends his money on cars as he has the following fleet of cars in his garage:
- Land Rover
- Lexus LX 570
- BMW X6 etc.
Flavour has an estimated net worth of $26 Million as of 2021 which is equivalent to about 11 billion Naira thus securing the no 9 position in the list of richest artists in Nigeria
Name: Olamide Adedeji
Stage Name. Olamide Badoo
Record Label. YBNL Nation CEO
Age. 32 years as at 2021
DOB. March 15th, 1989
State of Origin. Lagos State
Networth. $28 million
Genre of music. Hip hop, Afrobeat
Olamide Adedeji popularly known as Olamide Badoo is a very popular name in the Nigerian Music industry.
The 32 years old Lagos State-born award-winning Nigerian Rapper, Songwriter, and Musician is an old name in the music industry who broke into the Nigerian music scene with his fast-rapping ability in the Yoruba Language.
Olamide is the founder of one of the most popular record labels in Nigeria YBNL Nation that has produced a lot of successful artists in Nigeria like Lyta, Joeboy, etc.
As of 2020, Olamide held the record of the richest Rapper in Nigeria.
Aside from making money from the sale of his songs, music videos, record label, and shows, Olamide is also the brand ambassador of many International multi-million dollars companies like Itel, Ciroc, Guinness drink, etc and these endorsement deals run into hundreds of Millions in Nigeria naira.
Having seen how successful and the numerous endorsement deals of Olamide, the big question is how much is Olamide’s net worth?
Well, Olamide has a net worth of $28 million which is about 13 billion Naira in estimation.
7. D’ BANJ
Name. D’ BANJ.
DOB. June 9th 1980
Age 41years as at 2021
State of Origin. Ogun State
Networth $30 million
Oladipo Daniel Oyebanjo popularly known by his stage name as D’ Banj is one of the oldest and the most successful artists in the Nigerian Music industry
D’ Banj is an award-winning Nigerian musician, Songwriter, and entrepreneur.
Daniel Oyebanjo together with Don Jazzy founded the then-popular Music record label MO’ HITS which housed the likes of Tiwa Salvage, D’ Prince, Wande Coal, etc before they finally separated.
D’ Banj is a very successful musician and entrepreneur who also happens to be amongst the top 30 richest musicians in Africa according to Forbes.
He has won a couple of Awards for himself which justifies how largely successful he is.
Some of these Awards are:
- The MTV Europe Music Award: Best African Act,
- MTV Africa Music Sward: Artist of the Year among others.
Although he’s no longer active like before in the Nigerian Music industry, he still occupies the number 7th spot of the list of richest musicians in Nigeria.
D’Banj’s net worth is $30 million in estimation which is equivalent to 15 billion Naira as of 2021.
2. FACE IDIBIA
Name: Innocent Ujah Idibia
Stage Name 2 Face IDIBIA
Age 46 years as at 2021
Genre of music. Afrobeat, Hip hop, Afro Pop
Networth $37 million
Innocent Ujah Idibia popularly known as 2Face Idibia is one of the oldest and successful artists in the Nigerian music industry.
2Baba as he’s fondly called rose to fame after he sang his hit-track single “African Queen” which earned him international recognition and also topped charts across many music platforms in Africa and the world at large.
Apart from his African Queen hit track, 2Face Idibia had also released a lot of hit tracks and international collaborations which earned him a good position in the list of richest musicians in Africa.
To justify how largely successful 2Face is in the Music industry in Nigeria and Africa as a whole, 2Baba has won a couple of Awards for himself which includes:
- MTV Europe Music Award,
- A World Music Award,
- Five Headies Awards (Hip-hop award)
- 4 Channel O Music Video Awards
- A BET award for his musical work,
- 4 MTV Africa Music Awards only to mention but a few.
2 Baba also has a fleet of automobiles in his garage which includes:
- Chevrolet Corvette Coupe
- Used Toyota Land Cruiser Prado
- Ferrari Coupe
Apart from music, 2Face Idibia has a chain of businesses and has signed multi-million Naira endorsement deals which contributes a major part of his net worth.
2Face Idibia net worth is $37 million thereby earning him the no 7 spots on the richest Musicians in Nigeria 2021.
Name: Ayodeji Ibrahim Balogun
Stage Name: Wizkid now BigWiz
DOB. July 16th1990
Age: 31 years
Record Label. Starboy Entertainment
Networth: $64 million
When you talk about successful and award-winning Nigerian Musicians who have put themselves on the International map with their raw musical talent, Wizkid should be on top of the list.
Ayodeji Ibrahim Balogun popularly known by his stage name as Wizkid started his musical career at a very young age.
He started being noticed in the Nigerian Music scene after he released his hit track called Holly At Your Boy which was warmly received and got massive streams across all Music platforms.
Wizkid has also gone ahead to release a handful of hit songs, albums, and a lot of collaboration with International artists like Drake, Beyonce, etc which has topped charts in Nigeria, Africa, and the world at large.
To buttress his success in the music industry, Wizkid has sold out a lot of concerts in Nigeria, the UK, the United States of America and so on which had a mammoth crowd in attendance.
In a bid to raise young and talented artists who are looking for platforms to showcase their talents, Wizkid founded his record Label called Starboy Entertainment which has raised a lot of successful young Musicians like Legendary beats, L A X, etc.
Aside from making music, Wizkid has signed multi-million Naira endorsement deals with big brands in Nigeria like UBA Bank, Pepsi, and Telecom giants Globacom, MTN, etc which also constitutes a major part of his networth.
Ayodeji Ibrahim Balogun was ranked by Forbes amongst the richest Musicians in Africa in 2020.
He has also won a couple of Awards in his musical career.
Wizkid is a lover of Cars as he has the following in his fleet of cars:
- Lamborghini Urus
- Mercedes Benz G63 AMG
- BMW X6 Crossover etc.
- Wizkid net worth is $64 million in estimation thereby securing him a top position in the list of richest musicians in Nigeria.
4. DON JAZZY
Name. Michael Collins Ajereh
Stage Name. Don Jazzy
Age 39 years as at 2021
DOB. November 26th, 1982
Record Label CEO Marvin. Record Label
Networth $66 million
Ehhh it’s Don Jazzy!!!!……. his favorite intro line.
Michael Collins Ajereh popularly known as Don Jazzy is in fact the most successful and richest music producer in Nigeria.
Don Jazzy is one of the early artists in the Nigerian Hip hop Music scene having been in the industry for over two decades now.
Flashback to early 2004, when he co-founded the then Popular Record Label which housed the majority of A- list Musicians in Nigeria today like D’ Banj, Wande Coal, Reekado Banks, Tiwa Salvage, etc.
After the split of MO’ Hits Record Label, Don Jazzy went further to found the most popular and successful Record Label in Nigeria today called MARVIN RECORD LABEL which has produced successful International music artists like Rema and so on.
Don Jazzy has also signed multi-million Naira ambassadorial deals with big companies in Nigeria which also confirms how successful and influential he is in the Nigerian Music space.
Some of Don Jazzy cars collections are:
- Bentley Continental
- Mercedes Benz E350
- Porsche 911 Carrera, etc.
He also has a couple of properties across in Lekki, Banana Island, and beyond Nigeria
As of today, Don Jazzy’s net worth is $66 million in the estimation
Name: Paul Okoye
Stage Name: RudeBoy
DOB: 18th November 1981
Age: 40 years
Networth. $67 million
Paul Okoye of the defunct P-Square is on the no 3rd spot in the list for f richest Musicians in Nigeria
After the separation of the twin brothers formally called P- Square who dominated the Nigeria Music space, the twin brothers had gone ahead to pursue their musical career and it’s obvious that both of them are doing exceptionally well in their careers.
Paul changed his signature name to RudeBoy after the separation and has been very successful since then as he had released a couple of hit songs which were warmly welcomed and have also sold-out concerts in Nigeria and Outside Nigeria which had an overwhelming crowd in attendance.
RudeBoy networth is $67 million in estimation which is equivalent to around 28 billion Naira as of 2021.
RudeBoy is also a lover of automobiles as he has;
- Rolls Royce Ghost
- Lamborghini Gallard
- Land Rover Range Rover, in his garage.
2. MR. P
Name Peter Okoye
Stage Name. Mr. P
DOB. 18th November 1981
Age 40 years as of 2021
Networth. $68 million
Mr. P is the elder brother of RudeBoy and the duo makes up the defunct music duo P- Square before they separated due to some issues.
Mr.P on his own part is largely successful since his separation from his brother RudeBoy.
He has gone ahead to stay relevant in the music industry as he has released a couple of hit songs and had also gone ahead to do collaborations with top artists.
Mr.P has a couple of properties across Nigeria and beyond not also forgetting his fleet of cars which includes:
- Mercedes AMG GL63
- Jeep Wrangler
- Bentley Mulsanne
- Dodge Challenger
- Range Rovers
- Porsche 718 Cayman
- Mercedes AMG GL63
Mr.P net worth is $68 million in estimation which is equivalent to 28 billion Naira in 2021 thereby placing him on the top list of the richest Musicians in Nigeria.
Name: David Adeleke
Stage Name: Davido
Age: 29 years as of 2021
DOB: 21st November 1992
State: Osun State
Networth: $72 million
Here comes the richest Musician in Nigeria!!!!!
David Adeleke popularly known as Davido (OBO) is a true definition of hardwork.
Despite being born by a billionaire father, Davido has been able to carve a niche for himself in the Nigerian music industry.
OBO as he’s fondly called is one of the most successful A- list International artists Nigeria has produced in history.
Having started his career in Music early, Davido has never relented to release hit songs since he broke into the Nigerian Music industry as he has released a lot of hit tracks like IF, Aye, Fall, etc which received millions of streams across music streaming platforms in the world and also topped charts in Nigeria, Africa and the world at large.
He had also collaborated with a lot of international artists like Drake, Beyonce, etc which added a big wing to his musical profile.
Not forgetting that Davido is the CEO and founder of the popular music label in Nigeria called DMW Record label which has produced top artists like Mayourkun, Perruzi, etc.
Davido’s hardwork has secured him a good place in the list of the top 20 richest musicians in Africa and in no time, Davido is surely going to be recognized by Forbes and won have a place in the top list of 50 richest Musicians in the world.
Davido’s energy is something worth emulating as he has achieved a lot in the music industry and I’m rest assured that he’s not stopping anytime soon.
Davido has sold out concerts in Nigeria and Outside which witnessed massive crowds in attendance.
Davido is also the brand ambassador of International multi-million dollar brands like Infinix among others which earned him hundreds of millions of Naira.
He has a lot of properties in Lekki, Banana Island and outside Nigeria not also forgetting automobiles like Ferrari, G- Wagon, Bentley, etc in his garage.
Davido net worth is $72 million dollars in estimation thereby being the richest Musician in Nigeria.
WHO IS THE RICHEST BETWEEN DAVIDO AND WIZKID?
This has been a subject of argument amongst music lovers across Nigeria.
The comparison of who is the richest between Davido and Wizkid is an argument of the century as the fans of both artists wouldn’t cease to make the comparison.
Well, from statistical data obtained from Forbes and from this article, Davido is richer than Wizkid.
David is the richest Musician in Nigeria.
As we’ve seen the list of richest musicians in Nigeria, their net worth, endorsement, and achievements, it is important to note that they didn’t achieve the feet overnight rather it’s as a result of relentless effort and commitment for success.
Cheers to the richest Musician in Nigeria in the person of Davido ( OBO)
Please do well to use the comment section for reactions, omissions, observations, and corrections.