The Nigerian music industry has produced prolific singers who have bagged many international awards, Artists like Wizkid, Davido, Burnaboy, Tuface and many more.
We have compiled a list of the 10 richest musicians in Nigeria along with their current net worth and a short bio as a results of the financial success they have achieved with their music career such as charge per show, endorsements, and personal investments.
Who Is The Richest Musician In Nigeria? With a net worth that is estimated by Forbes to be around $32 Million, Davido is undoubtedly the richest Nigerian Musician in 2022. This great wealth can be attributed to the Adeleke fortune, Music sales, and endorsement deals.
However, we bring to you the latest list of the top 10 richest musicians in Nigeria 2022 and their current net worth.
| Rank | Richest Musicians In Nigeria | Estimated Net Worth |
| #1 | Davido | ₦30 Billion |
| #2 | Mr P | ₦26.6 Billion |
| #3 | Rude Boy | ₦26.4 Billion |
| #4 | Don Jazzy | ₦26.1 Billion |
| #5 | Wzkid | ₦25 Billion |
| #6 | Burnaboy | ₦18.4 Billion |
| #7 | 2Face | ₦14.8 Billion |
| #8 | Dbanj | ₦12 Billion |
| #9 | Asa | ₦11.52 Billion |
| #10 | Flavour | ₦10 Billion |
Below are the 10 richest Nigerian musicians currently in Nigeria 2022. We’ve used figures from Forbes, their endorsements, and charges per show to compile this list.
10. Flavor – ₦10 billion ($25 million)
Chinedu Okoli is a songwriter and multi-instrumentalist who can play the drums, guitar, and piano in addition to being a musician.
Flavor specializes in the genres of Igbo highlife, Igbo gospel, and hip hop music. With his second album, ‘Uplifted,’ he established himself as a major performer in Nigeria.
He has published four albums entitled: Blessed, Thankful, Ijele-The Traveler, and Awele.
Flavor has released a total of 34 singles in his career so far.
Flavor Nnabani’s net worth is estimated to be roughly $25 Million dollars (N10 Billion Naira), making him the 9th richest musician in Nigeria.
Flavour Car Collection:
Lexus LX 570
BMW X6 (₦18 Million)
Land Rover (₦25 Million)
Black Mercedes Benz G-Wagon (₦40 Million)
9. Asa – ₦11.52 billion ($28.8 million)
Bukola Elemide, better known by her stage name Asa, is a Nigerian/French musician who rose to success with her debut single, “Eye Adaba.”
She quickly released her amazing album “Asa,” which led to her being named the winner of the French Constantin Award in 2008, where she was chosen as the finest new talent among ten singers or groups by a jury of 19 music industry experts in Paris.
Asa has received numerous awards, including a nomination for “Best R&B/Pop Album,” “Best Alternative Song,” “Best Vocal Performance (Female),” and “Best Recording of the Year” at the 2015 Headies.
Currently Asa’s net worth is estimated to be roughly $28.8 million dollars (N11.52 billion Naira), making her one of the top ten richest musicians in Nigeria.
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8. D’banj – ₦12 billion ($30.1 million)
Oladapo Daniel Oyebanjo, better known by his stage name D’banj, is a Nigerian singer, rapper, businessman and the founder of Mo’ Hits Records with producer Don Jazzy. He has won several music awards, including the awards for Best African Act at the MTV Europe Music Awards 2007, Artist of the Year at the MTV Africa Music Awards’.
Dbanj is known by many names, “Bangalee”, “The Kokomaster”, “Eja Nla”, “Mr Endowed” and many more, and is considered one of the most influential and popular recording artists of all time.
As of 2022, Dbanj’s net worth is estimated to be roughly $30.1 Million Dollars (N12 Billion Naira), making him the 8th richest musician in Nigeria.
Dbanj Car Collection:
Ferrari F430 (₦68 Million)
Two Aston Martin Vantage (₦50 Million each)
Bentley (₦108 Million)
Rolls-Royce Phantom (₦164 Million)
Range Rover SUV
Mercedes Benz AMG GT (₦53 Million)
Harley Davidson Bike (₦2.3 Million)
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7. 2Face Idibia – ₦14.8 Billion ($37 Million)
Innocent Ujah Idibia, known by his stage name 2Baba, is a Nigerian musician, singer, songwriter, record producer, entrepreneur, philanthropist, humanitarian, and activist. Prior to July 2014, he goes by the stage name 2face Idibia. 2Baba is the first winner of MTV Europe, Best African Act Award in 2015.
2Face’s single “African Queen” catapulted him into the international spotlight.
He is now worth $37 million dollars (N14.8 billion naira), making him one of the richest musicians in the country.
2Face Car collection:
Used Toyota Land Cruiser Prado (₦38 Million)
Chevrolet Corvette Coupe (₦45 Million)
Ferrari Coupe (N60 Million)
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6. Burna Boy – ₦18.4 Billion ($46 Million)
Damini Ebunoluwa Ogulu, known professionally as Burna Boy, is a Nigerian singer and rapper. He is one of the biggest and most successful African artists. He rose to prominence in 2012 after releasing “Like to Party”, the lead single from his debut studio album L.I.F.E
Burna Boy has won many accolades including GRAMMYS, MVP Awards and many more.
Burna Boy is worth approximately $18.1 Million dollars (N7.2 Billion Naira), making him the 10th richest musician in Nigeria.
Burna Boy Car Collection:
Lexus
Bentley
Mercedes-Benz G Wagon
2013 Ferrari 458 Italia
Rolls Royce Down Convertible
5. Wizkid – ₦25 Billion ($63.3 Million)
Ayodeji Ibrahim Balogun, known professionally as Wizkid, is a Nigerian singer and songwriter. He rose tp fame in after releasing “Holla at Your Boy”, the lead single from his debut studio album, Superstar, which also spawned the singles “Tease Me/Bad Guys” and “Don’t Dull”.
Wizkid is the first Nigerian to have a sellout at the prestigious O2 Arena in the UK, thereby setting the pace for other Nigerian artists.
Wizkid is one of the first Nigerian artists to feature star American musicians in his songs including Chris Brown, Beyonce, and Drake.
Today, Wizkid’s net worth is estimated to be $63.3 Million dollars (N25 Billion Naira), a value that justifies his output to the music world, and makes him one of the richest musicians in Nigeria.
Wizkid has bagged many accolades including Grammys, MVP among others.
Wizkid Cars:
Lamborghini Urus (₦80 Million)
Porshce Panamera (₦60 Million)
Mercedes Benz G63 AMG (₦58 Million)
BMW X6 Crossover (₦9 Million)
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4. Don Jazzy – ₦26.1 Billion ($65.3 Million)
Michael Collins Ajereh (born 26 November 1982), known professionally as Don Jazzy, is a Nigerian record producer, Brand Ambassador, audio engineer, record executive, singer, entrepreneur, Influencer and Comedian. He is the founder and the CEO of Mavin Records. Don Jazzy was co-owner of the defunct Mo’ Hits Records record label with Dbanj.
Don Jazzy Has managed A-List artists like Wande Coal, Dbanj, Tiwa Savage, Johnny Drille, Korede Bello, Ricardo Banks,et all.
Don Jazzy’s ability as a world-class producer led to him being asked to compose beats for Kanye West’s album, which featured both Jay Z and his wife Beyoncé.
Don Jazzy’s net worth is estimated to be $65.3 Million dollars (N26.1 Billion Naira), making him the 4th richest musician on this list.
Don Jazzy Car Collection:
Bentley Continental (₦25 Million)
Used Mercedes Benz E350 (₦20 Million)
Cadillac Escalade (₦27.5 Million)
Porsche 911 Carrera (₦42 Million)
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3. Rude Boy – ₦26.4 billion ($66.1 million)
Paul Okoye, together with his twin brother, is popularly known as P-Square. He has his stage name as Rudeboy or Kingrudy.
He is a talented twin of Peter Okoye, and they both took the world by storm. But unfortunately, they split up due to various disagreements between the two.
Paul, just like peter started music together and has won several awards. His music lyrics are always on point and his voice is just unique.
Paul’s net worth is estimated to be $66.1 million dollars (N26.4 billion Naira), as of 2022.
Rude Boy Car Collection:
Lamborghini Gallardo (₦75 – ₦118 Million)
Land Rover Range Rover (₦50 Million – ₦82 Million)
Rolls Royce Ghost (₦191 Million – ₦247 Million)
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2. Mr P – ₦26.6 billion ($66.6 million)
Mr P is the stage name of Peter Okoye, a former member of the now-defunct PSquare that was one of the most popular music duos of all time in Nigeria.
Paul, Okoye, has taken his music global and has worked with Rick Ross, Dave Scott, Akon, etc.
Since the release of “Get Squared”, a hit project which he featured in, Mr. P has gathered an impressive net worth of $66.6 Million dollars (N26.6 Billion Naira), making him the 2nd richest musician in Nigeria.
Mr. P Car Collection:
Jeep Wrangler (₦13 Million)
Bentley Mulsanne (₦125 Million)
2 Range Rovers (₦ 50 Million – ₦82 Million)
Dodge Challenger (₦11 Million – ₦22 Million)
BMW X6 (₦25 Million)
Porsche 718 Cayman (₦22 Million)
Mercedes AMG GL63 (₦45 Million)
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1. Davido – ₦28 billion ($70 million)
David Adedeji Adeleke (born November 21, 1992), popularly known as Davido, is a Nigerian-American singer, songwriter, and record producer. Davido blends traditional African elements with global mainstream pop.
As one of the most-streamed Nigerian artists, he makes some very decent money as streaming royalties in the millions of dollars.
David has 4 albums with over 32 songs to his name, picking up a plethora of awards both on the domestic and international levels. He is one of the best-selling music artists in Nigeria, Africa, and worldwide.
Davido has racked up a mammoth net worth of $70 million dollars (N28 billion Naira), making him the richest musician in Nigeria.
Davido Car Collection:
Rolls Royce Cullinan 2019 (₦350 Million)
Bentley Bentayga (₦108 Million)
Bentley Continental GT (₦95 Million)
Porsche Panamera Turbo S (₦23 Million)
Range Rover Sports (₦87 Million)
Range Rover SV Autobiography (₦98 Million)
Chevrolet Camaro GS (₦9.4 Million)
Audi R8 (₦24 Million)
Audi Q7 (₦12 Million)
Mercedes-AMG GLS63 (₦45 Million)
Mercedes G-Wagon (₦21 Million)
Land Cruiser Toyota (₦30 Million)
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