The list of the richest Musician in Africa in 2022 has been released. The Forbes ranking shows a lot of upheavals, especially at the top spot, where Akon had to give up his position at the expense of someone else.
Burna Boy also makes a dramatic entry into the top 10, after two years of being at the top of his game. By the way, Nigerians are predominantly represented in the Forbes ranking. The guys are hurt! Surprisingly, the rankings of Koffi Olomide and Diamond Platnumz, who reign supreme in their respective countries, the absence of Fally Ipupa, and that of Cameroonian artists.
To rank these artists, Forbes obviously calculates only a part of their wealth. It is impossible to go through every bank account or visit every property. Instead, the financier relies on the calculation of net worth. This is the number of shares held by the artists, multiplied by the value of that share. In short, Forbes calculated the artists’ net worth by looking at their corporate holdings, various acquisitions, investment portfolios, concert receipts and the like. This does not mean that the estimated amounts are exactly what they have in their bank accounts.
Find out more about the 30 Richest African Musicians according to Forbes below.
30. Becca 
Networth $5 million
Becca, whose full name is Rebecca Akosua Acheampomaa Acheampong is a well-known Ghanaian singer and songwriter. She was born on 15 August 1986 in Kumasi, Ghana. A very talented artist, she is currently on the EKB Record label and has collaborated with several African artists. Currently, Becca has an estimated net worth of $5 million.
29. Koffi Olomide
Networth $5 million
Antoine Christophe Agbepa Mumba aka Koffi Olomide is a Congolese music legend. Although he does not consider himself to be fully valued in his country, the king of rumba is nevertheless worth $5 million in the estimation of Forbes magazine.
28. Diamond Platnumz 
Networth $5.1 million
Nasibu Abdu aka Diamond Platnumz is the star of Tanzania. The man who needs no introduction has $5.1 million as the estimated net worth of a fortune.
27. Stonebwoy 
Networth $5.6 million
Livingstone Etse Satekla (aka Stonebwoy) is another Ghanaian musician who is making big waves in the music industry. He was born on March 5, 1988, and is the founder of VP Records. Like Shatta Wale, Stonebwoy is one of the biggest dancehall artists in Ghana today. He often hosts music shows in and out of Ghana and has a huge community in the country. Currently, Stonebwoy has an estimated net worth of $5.6 million.
26. Tinashe 
Net worth $6 million
Tinashe was born Tinashe Jorgensen Kachingwe on 6 February 1993 in Lexington, Kentucky, USA. A Zimbabwean-born singer, songwriter, dancer, record producer, and actress, she began her career with roles in children’s films, cartoons, and home movies in 2000. In addition, she was a member of a group of dancers and singers called “The Stunners” between 2007 and 2011. In addition, she has released numerous songs and mixtapes that have peaked at number 58 on the Billboard 200 and number 6 on the UK R&B Albums Chart. Tinashe is currently signed to a label called RCA Records which helped her win the “Music Artist of the Year” award at the Zimbabwe Achievers Awards in the USA. She has a net worth of $6 million.
25. Okyeame Kwame 
Networth $6 million
Kwame Nsiah-Apau, also known as Okyeame Kwame, is a famous Ghanaian rapper, songwriter, creative director, entrepreneur, and philanthropist, born on 17 April 1976 in Ghana. He is known as a Rap Doctor in his country. He was appointed the Public Relations Officer of the Musicians Union of Ghana (MUSIGA) in 2012 and the Ghana Music Right Owner (GHAMRO) in 2014. He was the ambassador of MTN Group, GTBank, and Coca-Cola in Ghana. According to Forbes, Okyeame Kwame has an estimated net worth of $6 million.
24. Chameleone 
Networth $6 million
Joseph Mayanja, better known by his stage name Jose Chameleone, is a Ugandan AfroBeat artist and musician. He sings in Luganda, English, and Swahili and has won numerous awards. Chameleone is one of the most popular and outstanding Ugandan musicians of the 21st century. He began his musical career in the early 1990s with the Ogopa Deejays, a Kenyan label at the time, and has managed to gain popularity for his talent throughout the African continent. Chameleone’s style of music is a mixture of Ugandan folk music, Central African rumba, zouk, and reggae. He has won numerous music awards and continues to make his mark. He is a millionaire with a net worth of an estimated USD 6 million.
23. Shatte Wale 
Net worth $6.2 million
Born on 17 October 1984, Shatta Wale is a Ghanaian musician, songwriter, and record producer. Charles Nii Armah Mensah Jr, his real name, started with the stage name “Bandana”, but later changed it to Shatta Wale. He is now one of the most prominent dancehall artists in Ghana. Awarded Artist of the Year at the Ghana Music Awards in 2014, he is one of the African artists to have collaborated with Beyoncé for her album “Black is King”. He is currently worth $6.2 million, making him the second-richest musician in Ghana.
22. Reminisce 
Networth $7 million
Reminisce is a Nigerian singer, rapper, and songwriter from Ogun State, Nigeria. He often sings in both English and his native Yoruba dialect. Reminisce began his music career in 2006 when he began recording his first song, and has also proceeded to record a full-length rap album under Coded Tunes. Reminisce is currently valued at about $7 million.
21. Flavour N’abania 
Networth $7 million
Chinedu Izuchukwu Okoli aka Flavour has been passionate and interested in music since childhood. Ultra popular on the continent, his estimated net worth is $7 million.
20. Jidenna
Networth $7 million
Jidenna Theodore Mobisson is one of the youngest and richest musicians in Africa. He has earned this fame and success through hard work and continued suffering with an estimated net worth of $7 million.
19. M.I
Networth $8 million
Jude Lemfani Adaga (aka M.I) is a Nigerian rapper and songwriter born on 4 October 1981 in Jos. He gained worldwide recognition after releasing his hit song Bullion Van in 2014. Following his performance, he won an MTV award and also won an international nomination. He is the founder of the renowned label Chocolate City Record. This label is known for signing stars like Ice Prince, Brymo, and a few others. M.I. is currently worth an estimated $8 million.
18. Bobi Wine
Networth $8 million
Bobi Wine is a singer and politician who is a fierce opponent of Ugandan President Yoweri Museveni. His real name is Robert Kyagulanyi Sentamu and he is a Member of Parliament representing Kyadondo East constituency in Wakiso District, Central Region of Uganda. He started his music career in the early 2000s and adopted the stage name Bobi Wine. He performs reggae, dance hall, and Afrobeat music, often with a socially conscious message. Currently, Bobi Wine has an estimated net worth of $8 million.
17. Banky W
Networth $9 million
Olubankole Wellington (popularly known as Banky W) was born to two Nigerian parents in the United States. His father is from Badagry, a historic town in Lagos, and his mother is from Calabar, Cross River State. At the age of 5, the family returned to Nigeria where he attended primary school at Corona School. Later, he continued his secondary education at Home Science Association Secondary School and Ajao Secondary School, all in Lagos. After graduating from high school, Banky W was awarded a scholarship to study at the Rensselaer Polytechnic Institute. He then returned to the United States and studied industrial engineering at RPI in New York. Currently, Banky W has an estimated net worth of $9 million.
16. Sarkodie
Net worth $9 million
Sarkodie is Ghana’s richest artist. A rapper and entrepreneur born as Michael Owusu Addo, he owns a record label called Sarkcess Music record label and a fashion company called Sark Clothing. Most of his money-making partnerships are with Samsung Electronics and FanMilk. He has also partnered with Tigo Telecommunications Ghana, a company that sponsored the Sarkodie Foundation and its Rapperholic tour in 2013. In a recent ranking, he was in the top 6 of the richest artists. He has a net worth of $9 million.
15. Akothee
Net worth $10 million
Another is a Kenyan musician and businesswoman whose real name is Esther Akoth. As an artist, she has released several successful tracks featuring famous African artists such as Flavour, McGalaxy, and Diamond Platnumz. She is the founder of a travel agency in Kenya called ‘Akothee Safaris’, owns a real estate company and a resort, and owns a house in Rongo, which is valued at about $750,000. In addition to this house, it is also said to own a fleet of expensive rides. Over the past decade, Akothee has accumulated so much wealth through music and business that she is currently considered Kenya’s richest musician with an estimated net worth of $10 million.
14. Mr. P.
Networth of $11 million
Mr. P. aka Peter Okoye is a former member of P-Square, a group he formed with his twin brother Paul Okoye (Rudeboy) in 2016. Today, Peter is a solo artist with an estimated net worth of $11 million.
13. D’banj
Net worth $11 million
Oladapo Daniel Oyebanjo aka D’Banj was born on 9 June 1980 in Zaria, Kaduna State. Nigeria. He chose to start his music career in 2004 and has successfully released over five music albums with over 30 singles. According to Forbes, Dbanj has an estimated net worth of $11 million.
12. Phyno
Net worth $11 million
Phyno whose real name is Chibuzor Nelson Azubuike is a Nigerian rapper, singer, and music producer, born on October 9, 1986. Over the years, this singer has risen so high in the industry that he is considered one of the best Nigerian singers of all time. In 2012, Phyno started his first album project titled “No Guts No Glory”. Over the years, Phyno has won a total of 5 major awards and 28 music award nominations. His fortune is estimated to be worth $11 million.
11. Olamide
Net worth $12 million
Olamide Adedeji (aka Baddo or Olamide) is a Nigerian singer, rapper, and songwriter. Born on March 15, 1989, he is one of the few Nigerian artists to have remained consistent in the industry over the years. Although Olamide often sings and raps in his local Yoruba dialect, his songs are widely accepted throughout the country. Today, Olamide is the founder of the renowned record label YBNL. Like other popular stars, he has won many lucrative promotional contracts over the years as a musician. He is a brand ambassador for major Nigerian companies such as Globacom, Guinness, iTel mobile, and even the American vodka company called ‘Ciroc’. Currently, the Olamide singer has an estimated net worth of $12 million.
10. Timaya
Net worth $12 million
Interim Timaya Odon (aka Timaya) is a Nigerian singer and songwriter born on 15 August 1980. Over the years in the music industry, Timaya has continued to remain relevant. After the success of his first single “Dem Mama”, he decided to stay with K-Solo as a producer. He then recorded seven songs for Timaya for his first album project. This album was released in 2007 and made waves throughout the country. Currently, Timaya has an estimated net worth of $12 million.
9. RudeBoy
Networth $16 million
Paul Okoye (aka Rudeboy or King Rudy) is a Nigerian singer, songwriter, and producer born on 18 November 1981. A former member of P-Square, he has enjoyed a successful solo career since his separation from his twin brother. His hit single titled “Reason With Me” was the most viewed song on Youtube in Africa in 2019. Rudeboy is currently valued at $16 million.
8. 2 Baba (2face)
Networth $16.5 million
Innocent Ujah Idibia popularly known as 2Face Idibia or 2 Baba is a famous Nigerian R&B singer, songwriter, recording artist, and entrepreneur. He dropped out of university to pursue a music career in 1996. It was then that he chose the name “2 Face” on his music tracks but uses “2 Baba” as his stage name. 2 Face Idibia has won several awards over the past two decades in the music industry. Currently, he has an estimated net worth of $16.5 million.
7. Burna Boy
Networth $17 million
Burna Boy is a Nigerian singer and songwriter who started his music career in 2010. He became popular in the music industry after the release of his new hit song “Like to Party” in 2012. These albums Africa Giant and Twice As Tall were a hit in the US and many compare him to Fela Kuti – the father of Afro Beat. Burna Boy has an estimated net worth of $17 million.
6. Don Jazzy
Net worth $18 million
Formerly in 3rd place, Don Jazzy remains one of the richest musicians in Africa. Michael Collins Ajereh is a Nigerian record producer, singer, songwriter, actor, and entrepreneur. He co-founded a label called “Mo’Hits Records” with D-Banj in 2004. But in 2012, he decided to start a new label called “Mavin Records” where he signed musicians like Tiwa Savage, Di ‘Ja, Reekado Banks, and others. Don Jazzy has won the “Producer of the Year” award on four consecutive occasions. Currently, Don Jazzy’s net worth is estimated at $18 million.
5. Davido
Networth $20 million
Born to a multi-billionaire father, David Adedeji Adeleke aka Davido has built himself through his music. A Nigerian singer, songwriter, and record producer, s’amuse is exported throughout Africa and America. His latest album, A Good Time, released in 2020, is a huge success. Currently, Davido’s net worth is estimated at 20 million dollars.
4. Wizkid
Net worth $21 million
Ayodeji Ibrahim Balogun aka Wizkid needs no introduction. The Nigerian singer and songwriter who started his music career at the age of 11 in a church choir, was signed in 2009 to Banky W’s label called ‘Empire Mates Entertainment (E.M.E)’. Later in 2013, he founded his label called “Starboy Entertainment” 2013. His single “One Dance” with Drake released in 2016 topped the charts in 15 countries worldwide. Wizkid won the 2021 Grammys for his collaboration with Beyonce on the song “Brown Skin Girl”. He has also been the face of major brands such as MTN, Guinness, Glo, and Pepsi. Currently, Wizkid’s net worth is estimated at $21 million.
3. Black Coffee
Networth $60 million
Black Coffee is South Africa’s richest musician. Born as Nkosinathi Inno Maphumulo, he is a DJ, record producer, and owner of a label called Soulistic Music Record Label. He has won numerous national and international awards including the DJ Awards for Breakthrough DJ Of The Year” in 2015. Currently, Black Coffee’s net worth is estimated at $60 million.
2. Akon
Networth $80 million
Akon is a Senegalese-American singer, songwriter, record producer, entrepreneur, philanthropist, and actor. In the US, he owned two record labels that signed musicians such as Lady Gaga and T-Pain. He also produced Michael Jackson and Snoop Dogg. Nominated for five consecutive Grammy Awards, Akon is listed in the Guinness Book of Records as the artist who has sold the most ringtones in the world. Today, he is building his futuristic ‘Akon City’ in two African countries. Currently, Akon’s net worth is estimated at $80 million.
1. Youssou N’dour
Networth $145 million
Youssou N’Dour is a Senegalese singer, songwriter, actor, businessman, and politician, who started making music in 1979. He has been in the music industry for over four decades now, but still earns millions of dollars from his songs. He has won several awards including the Grammy Award for (Best Contemporary World Music Album) for his 2005 CD Egypt. The New York Times described his voice as a “gripping tenor, a flexible weapon deployed with prophetic authority”. Youssou N’Dour owns a television channel, a record label, several restaurants, and a fashion line called “Youssou N’Dour Seduction”. In April 2012, Youssou N’Dour was appointed as a Monitor of Tourism and Culture in Senegal. Currently, Youssou has an estimated net worth of $145 million.
