Top 3 Richest Musicians In Nigeria

Music has propelled numerous Nigerian musicians from obscurity to prominence, from grass to grace. Because of their success in the music industry, many of those who previously had nothing are now living opulent lives.

Timaya, Wizkid, 2face, P-Square, and a slew of others came from humble beginnings, but their incredible successes in the music industry have earned them worldwide acclaim.

The Nigerian entertainment business is undoubtedly one of the most successful in the world, and individuals who succeed in it have amassed fortunes in the millions of dollars. Today, we’ll look at the world’s top five (5) richest rappers.

1. Davido – Networth of $40 million according to Forbes


David Adeleke, well known by his stage name Davido, is Nigeria’s second-richest singer and artist. Davido’s net worth is estimated to be over $40 million.

Dr. Adedeji Adeleke, a co-founder of the Adeleke University in Osun state and the CEO of Pacific Holdings Limited, was born in Atlanta, Georgia, to a wealthy Nigerian family.

Davido’s net worth is derived from his music and sponsorship initiatives, including the $78,296 MTN endorsement deal, Guinness Nigeria, and Infinix mobile.

Davido’s net worth and riches are additionally boosted by his YouTube channel, which has received more than 663 million views since its inception.

Before releasing his first single, ‘Back When,’ starring Naeto C, Davido released his first single, ‘Dami Duro,’ which did not chart well.

Davido released his single ‘Dami Duro’ on October 30, 2011. Clarence shot the track in Lagos, which he co-produced with Shizzi.

In January 2012, the song Dami Duro was released alongside an incredible video, and it quickly became the talk of the town, receiving widespread media attention.

2. Wizkid – Networth of $4 million according to Forbes

Wizkid is the richest musician and artist in Nigeria, according to our ranking of the top ten richest musicians and artists in Nigeria. Wizkid’s net worth is estimated to be $20 million.

Wizkid, in addition to music, has several endorsement partnerships with MTN Nigeria and GLO ( which paid him N120 million to become its ambassador).

Wizkid’s net worth grew as a result of multi-million dollar deals with Pepsi and Guinness, which brought him additional money on the table.

In July 2019, the talented musician increased his net worth by confirming a multi-million dollar deal as a brand ambassador for United Bank for Africa (UBA).

Wizkid is the stage name of Ayodeji Ibrahim Balogun, a Nigerian singer, and composer. Wizkid began his musical career in a local church near his house when he was 11 years old. He was a member of the Glorious Five, a local band at the time.

Wizkid collaborated with the group Glorious Five on an album when he was 11 years old.

Wizkid later met OJB Jezreel, who became his mentor, when he was suffering. He began attending Jezreel’s studio, where he saw and learned from recordings by artists such as 2 Face Idibia and Sound Sultan.

In 2009, Wizkid signed Empire Mates Entertainment (E.M.E), and his career in the music industry took off from there.

3. Don Jazzy – Networth of $17.5 million according to Forbes

Collins Michael Ajereh, also known as Don Jazzy in the music industry, is Nigeria’s third-richest musician. Don Jazzy was born on November 26, 1982, in Umuahia, Abia State, Nigeria.

Don Jazzy is reported to have a net worth of more than $18 million. Don Jazzy is a musician, entrepreneur, and music producer.

Don Jazzy is well-known for his outstanding musical compositions. His hard effort, combined with his perseverance, allows him to easily establish solid business contacts both in Nigeria and beyond the border.

Don Jazzy began his career in music by collaborating with D’banj on several popular singles as part of the Mo’hits record label before the two parted ways in 2012. After that, he founded Mavin Records, a new record label.