This article gives an insight into the wealth of the top 10 musicians in the Nigerian music industry as of 2021. Taking a look at the Forbes 2021 lits, you will find a number of these names on it and beyond their popularity and fan base, these artists have gone ahead to prove that they have more than just music to offer.
The list of the top 10 musicians in Nigerian presents a couple of prominent musicians in the country who are notable for breaking ground by winning series of awards and bagging dozens of endorsement deals. It has also been rumored that “Yahoo Boys” are much invested in these musicians, which is an extra source of income for them.
If you have been wondering who these icons are, the list below presents the top 10 richest musicians in Nigerian and their net worths.
1. Ayodeji Balogun ( Net Worth $20 Million)
According to the Forbes list, Wizkid, who recently switched his name to Big Wiz is identified as the 2nd richest musician in Nigeria, as of 2021. His debut album, “Superstar” recently clocked 10 years and was widely celebrated. Wizkid was born in Surulere, Lagos, and was first signed into E.M.E, a record label owned by Banky W.
His debut song, Holla AT Your Boy rose him to prominence, and that marked the beginning of his success.
Wizkid has made headlines recently, regarding his baby mama issues, especially his absence at his son, Boluwatife’s 10th birthday bash held in Lagos.
2. David Adeleke (Net Worth $19 Million)
Davido Adeleke, widely known as Davido is a Nigerian musician, who rose to prominence following his debut song, Omo Baba Olowo, OBO, which was produced in 2011. Just like his counterparts, the Music Afro-pop star has an impressive track record, which allows him to sit at the top of the richest musicians in Nigerians of today.
Davido is also the label boss of Davido Music Worldwide and has signed over 10 artists. In recent times, he’s been playing quite the global act and has appeared in scandalous news pieces like the proper Atlanta gangster that he is.
3. Michael Collins Ajereh (Net Worth $18.5 Million)
Don Jazzy is an award-winning producer, who used to be a member of Mo’Hits records back in the day. Today, he is the label boss of Mavin Records – a record many popular artists in Nigeria were once signed. The likes of Tiwa Savage, Korede Bello, Reekardo Banks to mention a few.
Mavin Records is said to be worth about $100 Million considering its global outreach.
Although one of the top 20 richest musicians in Nigeria, Don Jazzy is still very much single. He recently came forward to reveal that he was once married but messed things up.
4. Oluwadamini Ogulu (Net Worth $17 Million)
Burna Boy, whose real name is Oluwadamini Ogulu is one of the prominent Afrobeats crooners in Nigeria of today. He recently won himself a Grammy award, after his 5th studio album, Twice As Tall” noded the Best Global Music Album. Burna Boy is also a BET 2021 winner.
He became popular in 2012, following the release of the lead single to his debut album “Like To Party”.
5. Innocent Idibia (Net Worth $16 Million)
2baba was once described as the richest musician in Nigeria, gapping the likes of Don Jazzy and p-square. 2Baba was Jos, Nigeria. His song, “African Queen”, remains an evergreen hit to date. Innocent Idibia has also bagged several awards ranging from MTV to Channel O, MOBO, and BET Awards. He is also the CEO of Hpertech Media.
6. Oladapo Daniel Oyebanjo (Net Worth $13.5 Million)
Dbanj who is the CEO of the multi-million dollar company Cream Platform worth over $100 million is an award-winning Nigerian musician, songwriter, and entrepreneur.
Dbanj’s full names are Oladapo Daniel Oyebanjo, he was born on the 9th of June 1980 in Kaduna. He is estimated to be worth $13.5 million which makes him one of the richest musicians in Nigeria.
7. Olamide (Net Worth $12 Million)
Olamide Adedeji is one of Nigeria’s most financially stable musicians and that earns him a space in the top 10 richest musicians in Nigeria. Olamide is one of Nigeria’s rappers with the most studio albums. In 2010, he came through with his hit single, Eni Duro”.
Olamide has bagged several multi-million deals that allow him a spot on the list.
8. Chibuzor Nelson Azubuike (Net Worth $11 Million)
When speaking of one of the fastest-rising rappers in Nigeria, Phyno is in the top 5. He is a Nigerian singer, songwriter, and record producer. In 2012, Phyno released his debut song, “Ghost Mode”, which sprag him to the spotlight unexpectedly.
As of today, Phyno ranks stands at number 7 in the top richest musicians in Nigeria.
9. Inetimi Timaya Odon ( Net Worth $10.2 Million)
Timaya Odon is a Nigerian singer and sing-writer and owner of DM Records. Timaya never hid his humble beginnings as a plantain seller in Port Harcourt. He is another celebrity on the richest musicians on the Nigerian list. Timaya has inspired a lot of people with his stories, encouraging them not to give up and be optimistic
10. Tiwatope Savage (Net Worth $9 Million)
Tiwatope has been crowned as Forbes’s richest female musician in Nigeria and has been financially estimated to be worth $9 million. She is an Afrobeat singer, who has continuously put Nigeria on the map by being recognized globally.
Apart from music, Tiwa has investments here and there and has begged several ambassadorial deals that ensure that the money keeps coming in.