Entertainment

Richest Musicians In Nigeria

So, you see all these Nigerian musicians making it big in the international scene, and then you keep asking yourself about their net worths.

Davido
Davido

Who exactly is the richest musician in Nigeria?

Is it someone you know?

Or maybe not… 🙂

In this article, you will discover who the richest musician in Nigeria is.

Not just that, but you will also discover other rich musicians in the country.

So let us explore the richest musicians in Nigeria today.

Who Is The Richest Musician In Nigeria?

To save you all the stress, let me answer your query.

I will come up with a comprehensive list so you can see for yourself who all the richest musicians in Nigeria are.

So who are the richest musicians in Nigeria?

Here they are…

I urge you to go through the full list.

So without wasting anymore time;

Who is the richest musician in Nigeria?

13. Flavour

Flavour who goes by the real name Chinedu Okoli is a Nigerian Singer, songwriter, and music producer.

He was born on the 23rd of November 1983 in Enugu state, Nigeria.

Although he was born in Enugu state, He originally hails from Orumba South LGA in Umunze, Anambra state.

He started his musical career while he was just 13.

During this time, he became a Church drummer.

However, he started a professional career as a drummer back in 1999 and later studied music.

He actually studied music because he was given an offer by a music company to enroll in a music scholarship.

Moreover, he was shot into the limelight after the release of his first album titled ‘Nabania’.

This Album also featured the famous Mr Raw.

As a musician, he has received numerous awards and recognitions.

Some of his awards include the Channel O Music Video Awards, Nigeria Entertainment Awards, and several other awards.

Flavour’s Net Worth

Flavour is currently worth $9.5 Million dollars, making him one of the richest musicians in Nigeria today.

12. Mr P

Peter Okoye (aka Mr P) is a Nigerian musician and instrumentalist.

He is a member of the defunct P-Square group.

While with the group, Peter Okoye and his twin brother Paul Okoye won several music awards.

A few years back, they separated and both went solo.

As a solo artist, both Mr. P and his twin Rudeboy have Released several singles, but none of them is yet to drop an album.

Mr P’s Net Worth

With a current net worth estimated to be about $10 Million dollars, Mr. P is currently one of the richest musicians in Nigeria today.

11. Banky W

Banky W who goes by the real name Olubankole Wellington is a top Nigerian musician, songwriter, record producer, and actor.

As a child, he was born in the USA, but he returned home to Nigeria as a child with his parents.

After his basic education here in Nigeria, he had his higher education in the United States of America.

After his higher education, he returned to Nigeria in 2002.

As a musician, he became popular with his music label ‘Empire Mates Entertainment’.

He actually created this record label with his friend Tunde Demiren.

This label has produced several top-class acts like the famous Wizkid (aka Starboy).

Aside from being a musician, Banky W is also an actor.

As an actor, he featured in the movie titled ‘Wedding Party’.

It was on this movie set that he was said to have met his wife.

He is now a politician, and he once contested for a post in the National House of Representatives.

Although he is a popular individual, he surprisingly lost in the elections.

His wife is the Nollywood actress called Adesua Utomi.

They currently live together in Banky’s mansion located in Lekki Phase 1, Lagos, Nigeria.

As a musician, he has won several awards both within and outside the country.

He is a well respected Nigerian musician today.

Banky W’s Net Worth

With a net worth of $10.5 Million, he is said to be one of the richest Nigerian musicians.

10. Timaya

Born on the 15th of August 1980, Inetimi Alfred Odom (aka Timaya) is a Nigerian musician and veteran songwriter.

Back in his early days, he started with a group which he called Dem Mama Soldiers.

He kick started his music career with this group.

But fully started out as a professional musician back in 2005 and was shot into the spotlight with the hit track titled ‘True Story’.

However, he has dropped so many albums and singles as a musician.

Today, he owns his own record label ‘Dem Mama Records’.

Under his label, he has signed various artists in the past like Patoranking, Runtown, and King Perry.

Timaya’s Net Worth

Timaya is said to be worth $10.6 Million dollars, thus making him one of the richest musicians in Nigeria.

9. Rudeboy

Rudeboy who goes by the birth name Paul Okoye is a Nigerian musician and songwriter who was born in 1981.

Just like his elder twin ‘Peter Okoye’, they were both made up by the defunct P-Square music group.

After their separation a few years ago, Paul Okoye decided to go with the stage name Rudeboy.

As a solo artist, he has managed to drop a few hit singles, but just like his brother, he is yet to drop an album or even an EP.

A lot of people wish for the re-unity of the twins, but it seems they are not on good terms.

There have been several controversies going on around them, and a lot of fans are not happy about this.

Rudeboy’s Net Worth

Rudeboy currently has a net worth of $11 Million, making him one of the richest musicians in Nigeria.

8. Phyno

The Nigerian musician Chibuzor Nelson Azubuike (popularly known as Phyno) was born back in 1986.

He was said to have coined the name Phyno from the word Phenomenal.

He is a musician with diverse talents both within and outside the music industry.

Before becoming a professional musician, Phyno studied Public Administration at the University.

Although he had dreams of becoming a doctor and then later a pilot, he made a good move by joining the music industry.

Today Phyno is one of the best rappers in Nigeria, and he has a very huge fan base.

Phyno’s Net Worth

With a net worth of $11 Million, Phyno is one of the richest Nigerian musicians today.

7. Olamide

Everyone knows the YBNL boss Olamide (aka Badoo).

He is a Nigerian rapper and songwriter who was born in 1989.

Here in Nigeria, he is considered to be the King of street music.

He initially started out as a musician with the Coded Tunes Music Label, but he owns his own music label today.

His record label played a crucial role in shaping Lil Kesh’s career as a musician.

Recently, his most promising acts are the likes of Fireboy.

He is a very good upcoming Artiste who is making the YBNL label proud.

Olamide’s Net Worth

With several endorsement deals and investments, Olamide is said to be worth $12 Million dollars.

6. D’Banj

D’Banj is another Nigerian musician who made it to this list.

Recently, his Brainchild Cream Platform was analyzed in an American film to be valued at a whopping $100 Million.

He is a brand ambassador to so many world class companies.

He used to study Mechanical Engineering here in Nigeria but later withdrew from school due to an excessive strike.

D’Banj later moved to the UK where he met Don Jazzy who was still struggling to become a well-known record producer and songwriter.

Together, they decided to return home to Nigeria where the music scene was beginning to make promising waves.

The same year when they returned, they both released the hit single titled ‘Tongolo’.

This track was a major success and it shot them into the spotlight instantly.

He has bagged so many endorsement deals and he also has a lot of investments spread across different fields.

D’Banj’s  Net Worth 

Currently, D’Banj is worth $15 Million dollars, making him one of the richest musicians in Nigeria.

5. Tuface Idibia

Tuface who goes by birth name Innocent Ujah Idibia is one of the most popular musicians in Nigeria today.

He is a musician, songwriter, record producer, and instrumentalist.

He started his music career with the group Plantashun Boiz, but this group later closed down.

After this, Tuface went solo and began to rise higher in the music industry.

He initially started under the famous Kennis Music, but he later created his own record label.

While under Kennis Music, he released the album ‘African Queen’ which turned out to be one of his best albums so far.

He is an award-winning musician, and he is well recognized for his efforts in the Nigerian music scene.

2Face’s Net Worth

2Face Idibia is currently said to worth $16.8 Million, making him one of the richest musicians in Nigeria as we speak.

4. Burnaboy

Damini Ebunoluwa Ogulu is a Nigerian musician and songwriter who goes by the stage name Burnaboy.

He was born in Portharcourt, Rivers state, Nigeria.

Though he was born here in Nigeria, Burnaboy schooled in the United Kingdom.

When he returned to Nigeria from the UK, he fully ventured into the music industry.

He was shot into the limelight when he released his debut album titled ‘L.I.F.E’.

This album was a major success, and it shot Burna Boy into the music scene fully.

Recently, two of his most recent albums all got nominations in the prestigious Grammy Awards.

The results for his last nomination is not yet known, but we all just pray he wins.

He is one of the greatest musicians in Nigeria today, and he is lived by so many.

Burna boy’s Net Worth

With a net worth of $17 Million, Burnaboy is one of the richest musicians in Nigeria today.

3. Don Jazzy

Don Jazzy is a Nigerian musician and record producer who goes by the birth name Collins Michael Ajereh.

He was born in 1982, and he is considered to be one of the best music producers in Nigeria today.

Right from the days of the defunct MoHits to the present Marvins Records, Don Jazzy has remained one of the best and richest musicians in the country.

His record label ‘Mavins Records’ has produced several top class music acts.

His latest signings are the likes of Rema and Crayon.

Don Jazzy’s Net Worth

Don Jazzy has an estimated net worth of $18.5 million, and he is currently the third richest musician here in Nigeria.

2. Davido

There is actually no one who hasn’t heard of the popular Nigerian musician Davido.

He is one of the musicians with the largest fan base here in Nigeria.

He is the son of the famous Nigerian billionaire Adedeji Adeleke, who is the CEO of the famous Pacific Holdings Ltd.

Being a very talented musician, Davido has won several awards and recognitions both within and outside the nation.

He has racked up so much fortune from several endorsement deals, and he is the second richest musician in the country today.

Davido’s Net Worth

As of 2020, the talented musician Davido has a networth of $19.5 Million.

1. Wizkid

In the number one place, we have the famous Nigerian Musician ‘Wizkid’ who goes by the real name Ayodeji Balogun Ibrahim.

He is one of the most famous Nigerian musicians in the international music scene today.

Over the years, he has racked in so much cash from several deals.

He is often regarded as a direct rival to Davido, and this always fuels some war of supremacy amongst both artists.

However, this is mostly powered by fans on social media.

Wizkid has dropped so many hit singles and albums, and he is said to be the richest musician in Nigeria today.

Wizkid’s Net Worth

Today, Wizkid is said to be worth $20 Million dollars, making him the richest musician in Nigeria today.

So far, you can see that these are the richest musicians in Nigeria.

Who is the richest musician in Nigeria?

From this list, we can see that the richest musician in Nigeria currently is Wizkid, and he is closely followed by Davido.

This duo always switch places from time to time in the list of richest musicians.

This is a sign that they are all struggling in the industry.

These musicians are all well known to everybody.

Conclusion of ‘Who Is The Richest Musician In Nigeria?’

From the mighty list above, you can now see some of the richest musicians here in Nigeria.

I hope this article answers your query (who is the richest musician in Nigeria 2020).

Do not forget to drop your comments…



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