This article contains Top 10 Richest Musician in Nigeria 2023
As the music industry in Nigeria continues to thrive, the wealth of the country’s top musicians continues to grow. With 2023 just around the corner, it’s time to take a look at the current rankings of the top 20 richest musicians in Nigeria and their biographies.
- Davido – $40 million
Born David Adeleke, Davido is currently the richest musician in Nigeria with a net worth of $40 million. The award-winning artist has made a name for himself both locally and internationally with hit songs like “Fall,” “If,” and “Fem.” Davido has also invested in businesses such as real estate, a record label, and a clothing line.
Davido’s Cars and Houses
Davido has two mansions in Lekki, Lagos, and a getaway mansion in Georgia, USA. Davido’s car collection is dazzling with:
• Rolls Royce Cullinan 2019 (~₦350 million)
• Bentley Bentayga (₦108 million)
• Bentley Continental GT (~₦95 million)
• Porsche Panamera Turbo S (~₦22.8 million)
• Range Rover Sports (₦84 million – ₦90 million)
• Range Rover SV Autobiography (₦98 million)
• Chevrolet Camaro GS (₦9.4 million)
• Audi R8 (₦23.4 million)
• Audi Q7 (₦12 million)
• Mercedes-AMG GLS63 (~₦45 million)
• Mercedes G-Wagon (~₦21 million)
• Toyota Land Cruiser (~₦30 million) several cars like a Porsche, Range Rover Sport and Chevrolet Camaro
- Wizkid – $30 million
Wizkid, whose real name is Ayodeji Ibrahim Balogun, is the second richest musician in Nigeria with a net worth of $30 million. The singer has won several awards, including the BET Awards for Best International Act in 2012 and 2017. Wizkid has also collaborated with international artists such as Drake, Beyoncé, and Skepta.
- Burna Boy – $25 million
Damini Ebunoluwa Ogulu, better known as Burna Boy, has a net worth of $25 million, making him the third richest musician in Nigeria. The Grammy award-winning artist is known for his Afrofusion sound and has released hit songs like “Ye,” “Anybody,” and “On the Low.” Burna Boy has also performed at major music festivals and collaborated with artists such as Justin Bieber and Sia.
- Don Jazzy – $22 million
Michael Collins Ajereh, also known as Don Jazzy, is not only a musician but also a producer and record label owner. With a net worth of $22 million, he is the fourth richest musician in Nigeria. Don Jazzy has produced hit songs for several Nigerian artists and has worked with international acts such as Jay-Z and Kanye West.
- 2Baba – $20 million
Innocent Ujah Idibia, also known as 2Baba, has a net worth of $20 million, making him the fifth richest musician in Nigeria. The award-winning artist has released hit songs like “African Queen,” “Implication,” and “Amaka.” 2Baba is also an activist and philanthropist who advocates for peace and social justice.
- D’banj – $18 million
Oladapo Daniel Oyebanjo, popularly known as D’banj, has a net worth of $18 million. The singer and songwriter is known for his unique style of music, which blends Afrobeat, Afro-pop, and electronic dance music. D’banj has won several awards and has collaborated with international artists such as Snoop Dogg and Kanye West.
- Phyno – $16 million
Chibuzor Nelson Azubuike, better known as Phyno, is a rapper, singer, and producer with a net worth of $16 million. The artist has released hit songs like “Fada Fada,” “Connect,” and “Ojimo.” Phyno is also the founder of his record label, Penthauze Music, which has signed several Nigerian artists.
- Olamide – $14 million
Olamide Adedeji, also known as Olamide, has a net worth of $14 million, making him the eighth richest musician in Nigeria. The rapper and singer has released hit songs like “Science Student,” “Wo,” and “Infinity.” Olamide is also the CEO of his record label, YBNL Nation, which has signed several Nigerian artists
9. 2Baba/2Face ($13 Million)
Innocent Ujah Idibia has an estimated net worth of $13 million. He began his career with the Plantashun Boiz before he broke out of the group. He signed a record deal with Kennis music and released his first album, “African Queen” there. The song went viral and led to his media recognition in 2004.
He was born on the 18th of September 1975 in Jos. He has been around the music industry for quite some time but rose to fame with his hit single” African Queen” which won him many awards.
10. Phyno ($12 Million)
Chibuzor Nelson Azubuike popularly known as Phyno is a Nigerian record producer, songwriter, singer, and rapper. He is famous for his smooth Igbo raps and he is one of the richest musicians in Nigeria estimated to be worth $12 million according to Forbes.
Chibuike Nelson Azubuike is the only Nigerian artist on this list who coined his stage name from an exceptional origin. “Phyno” according to the Artiste means “Phenomenal”. He is probably in the limelight with faith that he is truly Phenomenal.
He is industrious and muti-talented. During his early years, he mentioned that he wanted to be a Doctor or a Pilot. Despite having attained a degree in Public Administration, he ventured into music. He does not regret his decision as he is passionate about music. Also, he has landed the jackpot, with a net worth of $12 million.
The Artiste, like Olamide, brings in the indigenous part of their nations into their music. He started his music journey in 2003.
He was born on the 9th of October 1986 in Enugu State. He started off as a record producer in 2003 but came to the limelight with his first song “Ghost Mode”. He is brand ambassador for brands like Monster Energy Drink, Glo, and Nairabet.
He owns two apartments, in Chevron Drive, Enugu State, and another in Lagos.
He also has a charade of cars including a Rolls Royce Phantom, a Lamborghini, Bentley, Range Rover, and also a Toyota Avalon.
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