Forbes top 5 richest musicians in Nigeria in 2022


If you are wondering who are the top 5 richest musicians in Nigeria, then look no further as we will discuss according to Forbes Magazine these amazing Nigerian artists.

You’ll find more information about their music career, awards, cars, houses, business, and more. However, let’s bring this up early, your favourite singer may not make it to this list. Are we cool?

No doubt, Nigeria has a limitless reserve of musical talents as we’ve witnessed their brilliant songs and viral content, through consistency.

Success in their careers has also brought a great deal of financial incentive for them through their music, charge per shows, endorsements, and personal investments.

Top 5 Richest Musicians In Nigeria

1. Wizkid

Topping our list is Wizkid, who is literarily the richest musician in Nigeria. His net worth, as estimated by Forbes, is$21 Millionmaking him the richest musician in Nigeria in 2021.

In July 2019, the talented singer added more to his net worth after confirming a mega-deal signing for United Bank for Africa (UBA) as their brand ambassador.

His songs still top Billboard’s top 100 Hot music. His musical career can be traced back to 2009 in Empire Mates Entertainment E.M.E records owned by “Banky W” where he recorded his debut album “Superstar” in 2011, which had the Hit track “Holla at Your Boy” which apparently shot him to the limelight.

Wizkid won the award for Best Music Video at the 63rd Annual Grammy Awards in 2021 as a lead artist on Beyoncé’s “Brown Skin Girl.”

2. Davido

David Adeleke popularly known as Davido, is the second richest musician and artist in Nigeria in 2021. Davido’s net worth is estimated at 19 million U.S dollars.

More so, his net worth is largely from music and endorsement projects such as the $78,296 MTN endorsement deal, Guinness Nigeria, and Infinix mobile.

Davido also performs in local and international shows, where he earns as much as N10 million per performance (in Nigeria) and $30,000 for international performances.

Davido net worth and wealth is also affected positively by his YouTube channel, which has attracted over 663 million views since it was created. In addition, his Instagram account is not left out. In fact, Davido’s per post on Instagram has an estimated value of $91,100.

He ranks number 29 in the world ranking of Instagram Richest Celebrities.

3. Don Jazzy

In the music scene, Collins Michael Ajereh, known as Don Jazzy, is the third richest Nigerian Musician in 2021. Don Jazzy is an indigene of Umuahia in Abia State. His birth date is the 26th of November, 1982.

Don Jazzy’s net worth is estimated to be over $18 million. Don Jazzy is not only a musician, but he is also a music producer and an entrepreneur. This rich music star is the CEO of the Mavins Records Label.

Don Jazzy is known to have an eye for talents. Last year January 21, 2020, he announced the signing of a female artiste, Ayra Starr, into his music fold.

Don Jazzy’s musical career started with his collaborations with D’banj, where the duo made different hit tracks as Mo’hits. This was before they parted ways about a decade ago. It was after the separation that Don Jazzy created the Mavins Records Label.

Aside from his music career, he also has profitable contracts with companies like MTN and Loya Milk. Also, among Don Jazzy”s most prominent and recent deals is his endorsement deal with V-Bank.

V Bank, Nigeria’s leading digital bank, announced the extension of its deal with Don Jazzy in December 2020. The bank executives had presented him a V Bank branded hoodie to symbolise the renewed one-year contract.

4. Burna Boy

Burna Boy is the third on the top 5 richest musicians in Nigeria. His net worth is at $17 million
Relocating to Lagos was the best move for Burna Boy as it further helped his career. He started gaining recognition in the music industry in 2012 when he released his hit single ‘Like to Party’ from his debut album L.I.F.E.
Burna Boy sold Up to 40,000 copies of L.I.F.E. on the first day of its release. Also, Burna Boy sold L.I.F.E marketing rights to Uba Pacific for 10 million Naira.
However, he left Aristokrat records in 2014, and in 2015 he established his record label named Spaceship Entertainment. He debuted his second album ‘On a Spaceship’ on the 25th of November 2015.
Burna Boy’s music career has been filled with success stories as he has been making waves both nationally and internationally.
In 2020, Burna Boy released his most recent music album, Twice as Tall, making waves nationally and internationally. The album earned him a 2021 Grammy Award nomination for the Best Global Music Album.
Currently, he is a brand ambassador to Globacom, Nigerian Breweries Plc, and Mortell Cognac.

5. 2Baba

2Baba is one of the most influential Nigerian artists. His real name is Innocent Ujah Idibia. Formerly, he was part of a musical group called “Plantashun Boiz” before he signed to the Kennis Music Record Label. His Net Worth is at $16 million

Indeed, the African Queen brought him to the limelight in the year 2004. Since the debut of that song, Tuface has remained top of his game as he has made major hits back to back.

He has won different awards like the MTV Music Awards, Headies and BET Awards. Even though 2face likes living a private life, it’s not hard to tell that he possesses luxurious cars and houses.

He owns two houses in Lagos, one apartment in the US, and relaxation lounges in Ikeja, FESTAC and Lagos Island.

Credit: Forbes