Who are the richest Nigerian Musicians?
The music industry is one of the industries that people are making millions of Naira in Nigeria.
These musicians have gained recognition home and abroad and have also featured and worked with top musicians abroad like Drake, Akon, Jayz, and many more.
They have won several awards and have also made Millions of Naira from endorsement signed with top companies like Samsung Electronics, Globacom, Airtel, Mtn, 9mobile (now Etisalat), Ciroc, Pepsi, Infinix and many more
They live a lavish lifestyle and we can confirm they really deserve to be at the top with the Multi-million Mansion they live in and the expensive cars they drive.
This wealth is confirmed as they flaunt it on their social media accounts.
Wondering who the richest black is? Read the Richest Black Person Ever in 2019 post.
Let us take a look at the Top Ten Richest Musicians In Nigeria;
List Of The Richest Nigerian Musicians In Nigeria – 2019
10 OLAMIDE NET WORTH ₦5 BILLION
Olamide Adedeji popularly known by his stage name Baddo is the tenth musician on the list of richest Nigerian musicians according to Forbes.
Baddo was born on the 15th Of March, 1989 in Bariga where he attended primary and secondary school before going to study Mass Communication in Tai Solarin University Of Education but dropped out.
Olamide is a Nigeria singer, songwriter, rapper, and he is the founder and CEO of one of the most popular record label in Nigeria YBNL Nation that produced stars like Adekunle Gold, Lil Kesh, Chinko Ekun.
Olamide started to get popular with his hit track ‘Eni Duro’ in 2011, and produced his debut album ‘Rapsodi’ in 2011 under ID Cabasa. Olamide has since them remain on top of his game releasing hit songs and releasing albums every year.
Olamide charges between ₦3 million and ₦5 million per show.
Olamide has won lots of awards and has multi-million endorsements.
Olamide owns 3 houses in Lagos, one for his mother in Bariga, one for himself and another one in Lekki.
He also owns some fleet of expensive cars like Mercedes Benz G-Class and Range Rover Sports.
Olamide’s net worth is estimated to worth ₦5 billion.
Another interesting read is the 10 Richest Pastors In The Worth And Their Net Worth.
9 PHYNO NET WORTH ₦5.5 BILLION
Chibuzor Nelson Azubuike popularly by his stage name Phyno is the ninth richest musician in Nigeria according to Forbes.
Phyno was born on the 9th Of October, 1986 in Enugu State. He was born and brought up in Enugu State but he hails from Anambra State.
Phyno is a Nigerian rapper, songwriter, stage performer, producer, his rap music in mostly in Igbo language and he’s a close friend to Olamide Badoo.
Phyno released his debut album in 2014 ‘No Guts No Glory’ with hit songs like Man Of The Year, Ghost mode, Parcel, O set.
Phyno charges between ₦2.5 million to ₦3 million per show.
Phyno has won many awards and also have millions worth of endorsement, Phyno is estimated to worth ₦5.5 billion.
8 BANKY W NET WORTH ₦6 BILLION
Olubankole Wellington popularly known as Banky W is number eight on the list.
Banky W was born on the 27th Of March, 1981 in the United States but he moved back to Nigeria with his family at the age of five. He attended Corona primary school in Ikoyi and also finished his Secondary education in Lagos. He studied Industrial Engineering in Rensselaer Polytechnic Institute in New York through scholarship.
Banky is a Nigerian singer, songwriter, rapper, actor and a politician. He established his E.M.E record label in Lagos in 2002 and signed artist like Skales, Niyola, Shaydee and most popular among them Wizkid.
Banky W has won many awards and he is also brand ambassador to some top products in the country like Samsung electronics, Uber hail cab service provider, and also have endorsement deals with vodka brand Ciroc and 9mobile.
Banky W is estimated to worth ₦6 billion.
7 TIMAYA NET WORTH ₦7 BILLION
Enitimi Alfred Odom popularly known as Timaya is one of the top 10 richest Nigerian musicians according to Forbes at the seventh position.
Timaya was born on the 15th Of August, 1980 in Port Harcourt, River State. He is the youngest of his 15 siblings, his father was a banker and mother was a trader.
Timaya went to Assembles Of God Nursery and Primary School in Port Harcourt. He then attended Nkpolu Oroworukwo in Port Harcourt for his secondary school. He later moved to Lagos State with his elder brother and elder Sister where he finished his Secondary School at Lagos Ikeja Grammer School.
Timaya is a Nigeria singer, songwriter, he started his career as a backup vocalist with Eedris Abdulkareem hip hop group before releasing his first album in 2007 ‘True Story’ with the hit track ‘Dem mama’ and since then have released quite a number of hit songs.
Timaya has won lots of awards including 5 awards at ‘The Headies’, Nigeria music award, Nigeria entertainment award.
Timaya owns a multi-million mansion in Lekki. The house is estimated to worth ₦500 million Naira with all expensive finishing inside. The house is more than a palace when looking at it from outside and inside.
Timaya also lives a lavish lifestyle and owns a numbers of expensive cars like Bentley, 2 powerful Range Rover, Mercedes Benz G55 AMG and Mercedes Benz Gle.
Timaya net worth is estimated to be ₦7 billion Naira.
6 PSQUARE NET WORTH ₦16 BILLION
The twin brothers Peter Okoye and Paul Okoye popularly known as Psquare are on the list of richest musicians in Nigeria at number six spot.
The twin brothers were born on the 18th Of November, 1981 in Jos, Nigeria. They went to St. Murumba Secondary School in Jos where they begian singing, dancing with their school music group.
They both went to the University Of Abuja to study Business Administration.
They are Nigerian musicians, songwriters, dancers, stage performers and have produced hit songs that trend and made them known both in the country and outside the country.
Psquare released their debut album in 2001 titled ‘Last nite’ sponsored by Benson and Hedges. They released their second album in 2005 under their own label ‘Square Records’ and since then they have been releasing hit songs and recognized home and abroad.
The twin brothers have won many awards and also have multi-million endorsements with Globacom and some others.
The twin brothers are estimated to worth ₦8 billion Naira each.
5 2FACE NET WORTH ₦15 BILLION
Innocent Ujah Idibia popularly known as 2face or 2Baba is at the fifth position of the richest musicians in Nigeria according to Forbes.
2face was born on the 18th Of September, 1975 in Jos, Nigeria where he attended Mount Saint Secondary school in Makurdi, Benue State
2Baba hails from Benue State, Nigeria and he is the founder and CEO of Hypertek Music Entertainment. He is a singer, songwriter, stage performer, entertainer.
2face started his music career with Plantashun Boiz but the group went their separate ways in 2004. 2Baba prove his talent by releasing an album in 2004 ‘Face to Face’ that sold over 2 million copies which include the hit track ‘African queen’ and he continues to release hit songs since then.
2face is one of Nigeria music Legend and have won lots of awards home and abroad and also signed multi-million endorsements. He has made millions of Naira from endorsement contracts with GLO, Guinness Nigeria, NAFDAC, Campari, Airtel.
2face is happily married to Annie Idibia and have wonderful kids, even though 2Baba is fondly called Father of the Nation because of the number of kids he has with different women.
2face stays in a Mansion in Lekki among his other houses, he also owns some fleet of cars.
He charges about ₦3 million to per show
He is estimated to be worth ₦15 billion Naira.
4 DBANJ NET WORTH ₦16 BILLION
Oladapo Daniel Oyebanjo popularly known by his stage name Dbanj is the fourth richest Nigerian musician on Forbes list
Dbanj was born on the 9th Of June, 1980 in Zaria, Nigeria, he is the son of a military man and a church dignitary businesswoman.
Dbanj who is also known as Kokomaster is an entertainer, singer, songwriter and stage performer.
Dbanj hails from Shagamu, Ogun State. He attended Nigeria military school before attending Nigeria Navy School Ibara, Ibara Abeokuta. He studied mechanical engineering in Lagos State University before moving to England.
Dbanj started to get popular with his debut album ‘No Long thing’ in 2005 which he released under Mohit record and since then has released hit tracks and albums, he has also performed at top events in Nigeria and outside.
Dbanj made a huge fortune from endorsement deals like Power Fist, Bank Of Industry, Globacom, Heritage Bank, Beats by Dre, Ciric, and SLOT.
Dbanj charges about ₦6 million per show.
Dbanj is estimated to worth ₦16 billion Naira.
3 DON JAZZY NET WORTH ₦17 BILLION
Michael Collins Ajereh popularly known as Don Jazzy is the third richest musician in Nigeria.
Don Jazzy was born on the 26th Of November, 1982. His family moved to Ajegunle where he was brought up. He attended Federal Government College, Lagos and then proceeded to Ambrose Alli University where he enrolled for Business management.
Don Jazzy moved to the United Kingdom in 2000 to meet his Uncle where he met JJC, 419 Squad, Kas, Solek, and Dbanj.
Don Jazzy is a Nigerian singer, songwriter, producer, and stage performer.
He is the founder and CEO of Mavin Records, one of the top record labels with artist like Dr. Sid, Reekado Banks, Dija, Korede Bello.
Don Jazzy has various endorsement deals and owns a mansion in Lekki, Lagos State with some fleet of cars including Porsche Carrera, Bently Continental, Cadillac Escalade and a Range Rover.
Don Jazzy charges ₦600,000 to produce a beat for a song.
Don Jazzy is estimated to worth ₦17 Billion.
2 WIZKID NET WORTH ₦20 BILLION
Ayodeji Ibrahim Balogun popularly known for by his stage name Wizkid is the second richest musician in Nigeria according to Forbes.
Wizkid was born on the 16th Of July, 1990 in Surulere into a family of 13 children and he is the only son. His father practices Islam and his mother is a Pentecostal Christian
Wizkid is a Nigerian singer, songwriter and stage performer, he is the founder and CEO of Starboy Entertainment record label and sign artists like Maleek Berry, Legendary beats, R2bees, and Mr. Eazi.
He attended Ijebu Ode grammar school for his secondary school. Wizkid is a double drop out. He first dropped out of Lagos State University in 2009, then attend Leadcity but also dropped out after 2 sessions.
Wizkid signed a recording deal with Empire Mates Entertainment (E.M.E) owned by Banky W in 2009 and released a hit track ‘Holla at your boy ‘which made him popular.
He released his debut album ‘Superstar’ in 2010 which earned him ‘Next rated Award’ in THE HEADIES winning a 2012 Hyundai Sonata. He has since then released hit tracks and albums.
Wizkid is one of the top musicians in Nigeria and has various endorsement deals. He made multi-millions from endorsement deals with the likes of Pepsi, Guinness, Mtn, Glo.
Wizkid charges ₦12 million per show
Wizkid owns a house in Lagos but the worth is not really known. In 2016 he bought a new mansion in Los Angeles, the house is said to worth fifteen million dollars.
He likewise owns some fleet of cars. It was reported that he bought a 2018 Lamborghini Urus that cost him about $200,000. Other cars he owns are Bentley Continental GT Speed Convertible, Porsche Panamera, Porsche Cayenne and Mercedes-Benz.
Wizkid net worth is estimated to be ₦20 billion Naira.
1 DAVIDO NET WORTH ₦20 BILLION
David Adedeji Adeleke popularly known by his stage name Davido and also named himself OBO (Omo baba olowo) because his father is one of the billionaires in Nigeria is the richest musician in Nigeria according to Forbes.
Davido was born on the 21st Of November, 1992 in Atlanta, United States to Dr. Deji Adeleke a Nigerian billionaire businessman and late Vero Adeleke, a formal University lecturer.
OBO is a Nigerian musician, songwriter, stage performer. He is the founder and CEO of DMW music (Davido Music Worldwide) with artists like Mayorkun, Dremo, Idowest, and Peruzzi.
Davido hails from Ede, Osun State. He attended the British International School in Lagos before going back to study Business Administration at Oakwood University United States. He dropped out of the university after 2 years when he was having low grades.
He graduated with a music degree from Babcock University in July 2015 after which his rich father paid Babcock University to erect a music department.
Davido started his career professionally in 2011 when he released a hit track ‘Dami Duro’ and since then have released lots of hit tracks and albums.
The billionaire’s son is one of the top musicians in Nigeria and signed various endorsement deal. He signed an endorsement deal with MTN worth ₦30 million in 2012. He signed a recent deal with INFINIX MOBILE on the 9th Of May, 2018.
Davido charges ₦10 million per show
Davido owns a luxurious four-bedroom duplex in Lekki, Lagos State reported to worth about ₦140 million and also owns a vacation home in Atlanta, Georgia.
He purchased a private Jet recently and also owns various expensive cars among which are Porsche Turbo, Range Rover Sport, Chevrolet Camaro GS, Bentley.
He also bought a ₦45 million Porsche car for his girlfriend to celebrate her 23rd birthday gift.
Davido net worth is estimated to be ₦20 billion.
Now, let’s compare the richest musician in Nigeria 2019 to that of 2018.
Who Is The Richest Musician In Nigeria 2018?
Davido is the richest musician in Nigeria 2018 with a net worth of N9 Billion Naira. He is currently retaining the title still in 2019 with a net worth of N20 Billion Naira. That’s a huge increase from that of 2018.
Although considering his increasing success in song productions and endorsements, we can see why he is growing bigger every time.