Talk of talents, Nigerian musicians are one of the best in the world as they have built names for themselves not just in Nigeria and Africa but on the international scene (Richest musicians in Nigeria).
Gone are the days, music doesn’t pay much, in this age, a lot of people are diving into music to get famous and also get rich.
While making it to the limelight is not easy, it becomes even more difficult than in the past due to the high rate at which upcoming stars are joining the industry.
However, some have made it to the limelight, but at some point, they were unable to keep up with the fame and thus, they ended being relegated and forgotten.
This means to remain in the limelight requires as much hard work as was needed from the onset.
Several Nigerian musicians have remained relevant for years, which has enabled them to build their wealth to the extent they are now being tagged among the richest musicians in the country.
If you are a lover of Nigerian music, you would most likely be a fan of Ayo Balogun, also known as Wizkid or his supposed rival, David Adeleke, also known as Davido.
While fans of these two stars continue to argue on social media about who is the best at what they do, they’re also debating who is considered the richest.
For this reason, we have come up with a list of the top wealthiest artists in Nigeria.
Below is our list of the top 10 Richest musicians in Nigeria 2021
1. Wizkid at $21 million
Now also referred to as Big Wiz seats comfortably at the number one spot.
Star Boy is arguably the most popular Nigerian musician presently. This is visible in the numbers of engagement he gets whenever he posts on social media.
Wizzy is reported to be worth $21 million.
Apart from making money via music, Wizkid has a lot of endorsement deals.
He’s an ambassador to the likes of Pepsi, MTN, UBA, among others.
2. Davido at $19.5 million
Coming at number 2 is David Adeleke, considered Wizkid’s arch-rival, although the two singers have continued to show they have nothing against each other.
Davido is reportedly worth $19.5 million.
Unlike some of his contemporaries, Davido was born into a well to do family in Atlanta, United States of America.
His father is Dr Adedeji Adeleke, the co-founder of Adeleke University in Osun state and the head of Pacific Holdings Limited.
Davido’s makes money from his music and has numerous endorsement deals with MTN, Guinness Nigeria, and Infinix mobile.
3. Don Jazzy at $18.5 million
He is one of the ace producers in Nigeria and owner of the Mavin music label, one of the leading music labels in the country.
Don Jazzy has eyes for spotting talents and has some points signed the likes of Tiwa Savage, Reekado Banks, Korede Bello, Dija, Ladipoe, and Rema.
He is reportedly worth $18.5 million. He has endorsement deals with the likes of MTN, Loya Milk, VBank, among others.
4. Burna Boy at $17 million
Nigerian Grammy Winner Burna Boy is one of the biggest stars in Nigeria who has made it on the international scene.
He is valued at $17 million and presently has deals with Globacom, Nigerian Breweries Plc, and Mortell Cognac.
5. 2Baba at $16 million
Innocent Idibia, also known as 2Baba, is one of the veteran artists on this list. He has been in the spotlight for years and remains one of the most celebrated Nigerian musicians owing to his style of music and lyrical contents.
2Baba has invested a lot of his money in different investments over the years and is reportedly worth $16 million.
6. Olamide at $12 million
Baddo, as he is popularly called by his fans is one of Nigeria’s musicians with a ‘from grass to grace story.’
Olamide, who came to the limelight with his Eniduro rap song, has built a name for himself in the music industry.
The YBNL label boss at some point signed the likes of Adekunle Gold, Lil Kesh, among others, to his label.
He makes his money from music and endorsement deals. He’s a deal with itel.
7. Phyno at $11 million
Coming next on our list is Olamide’s closest pal, Phyno. While Baddo does Yoruba music, Phyno is known for rapping in the Igbo language.
Phyno has made money from his music career and is considered one of the richest presently and valued at $11 million.
8. Timaya at $10.5 million
Also known as the Plantain Boy, Timaya is one of the veteran musicians on our list.
He’s invested with the money made from his music in his early days. And is considered the 8th richest Nigerian musician and is reportedly worth $10.5 million.
Timaya is the owner of the DM record label, with King Perry currently signed to the label. He had also groomed Runtown and Patoraking under the record label, both of which are now big stars in the industry.
9. Paul and Peter Okoye (Psquare) at $10 million each
The twin used to be one of the most famous singing duos during their early days in the industry.
Before they went their separate ways, the two brothers had a lot of hit singles together
Both have now gone solo; Paul Okoye now goes by the stage name Rude Boy while his brother Peter is now known as Mr P.
Mr P has ambassadorship deals with companies like Kia Motors and Olympic Milk.
The two are reportedly worth $10 million each.
10. Flavour at $9.8 million
The singer who is currently signed to 2nite Entertainment is one of the talented musicians in the industry.
Flavour is known for his songs primarily about love and has earned many awards.
He is reportedly worth $9.8 million and has endorsement deals with top brands like MTN Nigeria, Nigeria Breweries, among others.