Top 50 Richest Musicians in Nigeria 2023 | Updated Ranking

THE TOP RICHEST MUSICIANS IN NIGERIA 2023 >> A LEGIT FORBES RANKING

Nigeria is the powerhouse in the African music industry that produces the best blend of talents the continent has ever had. Its musicians are some of the most successful in the world and their music has become increasingly popular on the global stage representing a wide range of genres, from Afrobeat to hip hop to pop, headlining major festivals and winning prestigious awards like The Headies award and Grammy award.

In 2023, the Nigerian music industry continues to thrive, with artists amassing substantial wealth honed by their hard work. The richest musicians in Nigeria are featured in the Forbes list having a combined net worth of over $200 million.

Do you want to know the top 50 richest musicians in Nigeria? Wizkid has been topping the Forbes chart as the richest musician in Nigeria. However, in 2023, the Top 1 richest musician in Nigeria will shock you.[1][2]

Top 50 Richest Musicians in Nigeria

1. Mr. Eazi – $1 Billion

Photo credit: The Guardian Nigeria

Oluwatosin Oluwole Ajibade, born on July 19, 1991, is a renowned Nigerian singer, producer, and songwriter known for distinctive music genre, “Banku”, a blend of Ghanaian highlife and Nigerian chord progression. He manages Banku music and emPawa Africa, a digital music platform.[3]

Mr. Eazi gained recognition through his 2013 mixtape “About to Blow” and released hit tracks like “Skin Tight” (2015), “Leg Over” (2016), and “Legalize” (2022). He has received awards such as The Headies Next Rated award (2016) and Soundcity MVP Award for Best New Artist (2016).[3]

With earnings from album sales, streaming royalties, concerts, endorsements, and entrepreneurship, Mr. Eazi’s net worth reached $3.9 million in 2022. However, in 2023, he became the richest Afrobeat musician globally by selling his music portfolio company, Vydia, for $1 billion, raising his net worth to over $1 billion exceeding the net worth of other prominent artists in Nigeria.[4] He’s currently constructing a multi-million-naira estate in Kigali, Rwanda, and owns a Range Rover SUV.

2. Wizkid – $30 Million

Photo credit: @wizkidayo: instagram

Ayodeji Ibrahim Balogun, born on 16 July 1990, is a Nigerian singer, songwriter, and record producer. He has earned a reputation as one of Africa’s most influential artists. In 2013, he founded Star Boy Entertainment label. The singer has achieved remarkable feats, including being the first Nigerian to sell out London’s O2 Arena for three consecutive nights and winning a Grammy in 2020.[5]

From his debut with “Holla at Your Boy” in 2010, Wizkid has consistently broken records, received numerous awards, and collaborated with global icons like Beyoncé and Drake. His song “Essence” with Tems earned a Grammy nomination and Rolling Stone’s Best Song of 2021 recognition.[5]

Wizkid’s estimated net worth is $30 million, sourced from royalties, concerts, endorsements, and more. He owns mansions in Lagos and Los Angeles, along with luxury cars like the Porsche Panamera, Lamborghini Urus, Mercedes-Benz G63 AMG, and BMW X6 Crossover.[1] 

As the second richest musician in Nigeria, his influence in the music industry remains unmatched.

3. Davido – $27.6 Million

Photo credit: @davido: instagram

David Adedeji Adeleke, born on November 21, 1992, in Atlanta, Georgia, is a celebrated singer, songwriter, and record producer. Notably, he is the son of Nigerian billionaire, Dr. Adedeji Adeleke, CEO of Pacific Holdings and co-founder of Adeleke University. He is the founder of Davido Music Worldwide (DMW). Ever since he introduced his debut album, “Omo Baba Oluwa,” in 2012, he has released a good number of immensely successful studio albums.[6]

Davido ranks among Nigeria’s popular and prosperous artists, boasting of accolades including two BET Awards for Best International Act.[6] 

With an estimated net worth of $27.6 million, Davido claims the title of Nigeria’s third wealthiest musician. His wealth streams in through album sales, concert ticket proceeds, royalties, and substantial endorsement deals.[7]

Davido’s opulence reflects in his luxurious abode in Georgia, US, as well as two grand mansions in Lekki and Banana Island neighborhoods of Lagos. He possesses a private Bombardier Global 6000 Jet and a stunning collection of automobiles, including the Bentley Continental GT, Lamborghini Aventador S Roadster, Range Rover Sports, Mercedes AMG GLS63, Rolls-Royce Cullinan 2019, Chevrolet Camaro GS, and Porsche Panamera Turbo S.[1]

4. Don Jazzy – $25 Million

Photo credit: Naijatastic.com

Micheal Collins Ajereh, born on November 26, 1982, is a prominent Nigerian record producer, singer, and songwriter.[8] He serves as the CEO of Mavin Records, a label he founded in 2012 after parting ways with D’banj and Mo-Hits Records. Mavin Records is known for propelling artists to stardom, including Tiwa Savage, Reekado Banks, Wande Coal, Di’ja, Korede Bello, and Dr. Sid, among others.

Don Jazzy’s label has produced chart-topping hits, such as Rema’s “Calm Down,” the most-streamed Nigerian song on YouTube and Spotify, and Wande Coal’s debut “Mushin 2 Mo’ Hits,” a best-selling sensation. His accolades include The Headies Producer of the Year Award in 2011 and 2014 and the Nigerian Entertainment Awards’ Music Producer of the Year in 2007.[8]

Don Jazzy’s dedication spanning decades has led to substantial wealth, with an estimated net worth of $25 million[1], securing his position as Nigeria’s fourth wealthiest musician. He also possesses an impressive number of luxury vehicles, including a Lexus LX570, Porsche 911 Carrera, Mercedes G-Wagon, Mercedes-Benz E350, Cadillac Escalade SUV, and Toyota Prado SUV.[1]

5. Burna Boy – $17 Million

Photo credit: The Guardian Nigeria

Damini Ogulu, born on July 2, 1991, is a Grammy-winning Nigerian singer and songwriter. He gained fame in 2012 with his hit “Like to Party,” a single from his debut album. Burna Boy is renowned for albums like “Outside,” “African Giant,” “Twice as Tall,” and “Love, Damini.” His “Twice as Tall” achieved the highest debut for an African album on the Billboard 200. He’s earned awards, including the 2019 BET Award for Best International Act and the 63rd Grammy Award for Best World Music Album.[9] 

Burna boy net worth is estimated at $17 million,[1] sourced from royalties, concerts, album sales, and live performances. He enjoys luxury, owning a 500-million 8-bedroom mansion in Lekki, Lagos, and a collection of cars including a 2021 Rolls Royce Dawn, Bentley Continental Gt, Mercedes Benz G-Wagon, Ferrari 458 Italia, and a Range Rover Autobiography SUV.[1]

6. 2Baba – $16.5 Million

Photo credit: Vanguard

Innocent Ujah Idibia, born on September 18, 1975, Nigeria, is a renowned singer, songwriter, record producer, entrepreneur, and philanthropist, widely regarded as one of Africa’s greatest musicians.He is the founder of Hypertek Digital. He began his music journey in the early 1990s as part of the R&B trio Plantashun Boiz, known for hits like “Knock Me Off” and “Say You Never Love Me.” His 2004 debut album, “Face2Face,” featuring the hit “African Queen,” catapulted him to stardom. With numerous successful albums and accolades, including the five Headies Award and one BET Award for Best International Act in 2011.[10 

2Baba’s net worth is estimated at $16.5 million.[2] His wealth stems from his music career, business ventures, and endorsements. The singer owns a five-bedroom duplex at Richmond Gate Estate, a Banana Island home worth over ₦400 million, and luxury cars including a Chevrolet Corvette Coupe and a Ferrari Coupe.[1]

7. Rudeboy – $16 Million

Photo credit: Naijaloaded.com

Paul Nonso Okoye, born on November 18, 1981, is a singer, songwriter, and record producer, formerly part of the defunct P-Square duo with his twin brother, Peter Okoye. He now owns Fire Department Inc, a record label and management company. His solo tracks like ‘Fire Fire’ and ‘Nkeji Keke’ in 2017, along with the hit ‘Reason with Me’ in 2019, which gained massive YouTube views, reignited his career.[11]

Rudeboy’s estimated net worth exceeds $16 million[7], sourced from music and business ventures. He’s known for his luxury cars, including a Rolls Royce Wraith, Bentley Bentayga, and Range Rover Sport, and resides in a lavish Banana Island mansion.[1]

8. Dbanj – $14 Million

Photo credit: Pulse.ng

Oladapo Daniel Oyabanjo, born on June 9, 1980, is a legendary Nigerian singer, rapper, songwriter, and record producer.[12] He co-founded Mo’Hits Record Label with Don Jazzy, and later established DB Record, when they splitted. D’banj’s career is studded with achievements, including collaborations with Kanye West and awards like the MTV Europe Music Awards 2007 and 2011 BET Awards.[12] 

D’banj boasts a $14 million net worth,[1] earned through music, endorsements, and entrepreneurship. He owns mansions in Lagos, including Ikoyi and Lekki, and a collection of posh cars and bikes, such as Rolls Royce, Bentley, Range Rover, Toyota Land Cruiser Prado, and a Harley Davidson bike.[1]

9. Timaya – $14 Million

Photo credit: JustNaija

Inetimi Alfred Timaya Odon, born on 15 August, 1980, is a multiple award-winning Nigerian singer and songwriter.[13] He is dubbed the King of “Afro-soca”, because of his ability to combine Nigerian pop with elements of dancehall, hip-hop and soca. He has released six album and several singles with his third album, “De Birth” that made him an international Superstar.[13]

Timaya estimated net worth is $14 million,[14] sourced from royalties, advances, live performances and music streaming sites.

The singer owns two mansions in Lagos and Port Harcourt worth over N600 million and a fleet of automobiles including Porshe 911 Carrera, Lexus LX570, Bentley Continental GT, 2019 Rolls-Royce Cullinan.[1]

10. Olamide – $12 Million

Photo credit: Pulse.ng

Olamide Gbenga Adedeji born on 15 March, 1989, also known as Baddo Sneh, is a Nigerian rapper icon, singer, songwriter, and Yahoo Boy NO Laptop (YBNL) record label executive.[15 He is one of the most influential artists in Nigeria and is known for launching the careers of several Afrobeat music stars including Asake, Adekunle Gold, Lil Kesh and Chinko. He rose to fame after his debut album “Rapsodi” in 2011.[15]

Olamide is the most awarded artist in the history of Headies award with 15 wins. He has also won several other awards, including the MTV Europe Music Award.

The Nigerian rap icon’s estimated wealth is $12 million with income sources spanning record sales, live shows, endorsements and YBNL nations.[16] He is the first Nigerian celebrity to sign an endorsement deal with Ciroc. The singer has a fleet of luxury cars including Roll Royce phantom and mansions in Lekki and Bariga in Lagos.[17]

11. Mr. P – $11 Million 

Mr. P. (OkayAfrica.com)

Peter Okoye, born 18 November 1981, is a Nigerian singer, dancer, and entrepreneur, formerly part of the defunct P-Square duo with his twin brother, Paul Okoye[18]. He boasts a $11 million net worth and is among Nigeria’s wealthiest musicians.[2] He resides in a lavish mansion in Banana Island, Lagos, co-owned with his twin and possesses an impressive car collection, including a Chevrolet Camaro and Porsche 718 Cayman. Mr. P’s music career has garnered global acclaim, earning him millions in record sales, streaming royalties, live performances, and endorsements.[1]  

12. Flavour N’abania – $10.2 Million 

Flavour N’abania (Vanguard News)

Chinedu Okoli, born in 23 November 1983, is a Nigerian music sensation known for his blend of highlife, Afrobeat, and R&B[19].

He has gained numerous awards including The Headies and MTV Africa Music Award for his music “Ada Ada”.

His estimated wealth is $10.2 million with BMW X6, Mercedes-Benz G63 AMG, and two mansions in Lagos and Enugu, his success is evident.

Awards, endorsements, and record sales are his primary income sources.[1] 

13. Tiwa Savage – $10 Million

Tiwa Savage, Vanguard News

Tiwa Savage, born on 5 February, 1980, is a singer, and songwriter.[20] She stands as one of Africa’s top female artists with a $10 million net worth.[21]

Her accolades include MTV Africa Music Award for Best Female Artist and a Grammy nomination. Tiwa’s income streams include music sales, streaming royalties, live shows, and brand endorsements for Pepsi, MTN, and Ciroc.

She has luxury cars like a Porsche Cayenne and a Mercedes-Benz G-Wagon and a mansion in Lagos.[1]  

14. Banky W – $9 Million 

Bank-W, VanguardNews

Banky W, Olubankole Wellington, is a prominent Nigerian singer, songwriter, producer, entrepreneur, and politician, boasting a $9 million net worth in 2023.[2][22] Known for R&B and pop, he’s released five successful albums, winning accolades like MTV Africa’s Best Male Artist.

His income comes from music, endorsements, and EME Records. He owns luxury cars (Range Rover Autobiography, Mercedes-Benz G-Wagon, Porsche Cayenne) and a Lekki mansion worth millions.[1]

Banky W’s multifaceted success continues to influence Nigerian entertainment.

15. M.I Abaga – $8 Million

M.I. Abaga is a Nigerian rapper, singer, songwriter, and record producer with a net worth of over $3 million.[1]

He is known for his lyrical dexterity, wordplay, and flow. He has released four studio albums, all of which have been commercial successes.

He owns luxury cars (Range Rover Sport, Mercedes-Benz G-Wagon, Porsche Cayenne) and a Lagos mansion[1]

His main source of income is from his music career, which includes album sales, streaming royalties, concerts, and endorsements. and his record label, Chocolate City, home to top Nigerian artists.

16. Phyno – $6.7 Million 

Phyno, youtube.com

Azubuike Chibuzo Nelson, born 9 October 1986, is a Nigerian rapper, singer, and producer with a $6.7 million net worth in 2023.[1]

He is the founder of Penthauz Music.

He is popularly known for his Igbo rap and Afropop fusion, and has released hit albums, earned awards and nominations including three The Headies win and Nigerian Entertainment Award.

Income sources include music sales, streaming, endorsements, and live shows.[23]

17. Patoranking – $6.5 Million

Patoranking, vanguardngr.com

Patrick Nnaemeka Okorie, is a Nigerian singer, with a $6.7 million net worth as of 2023.[1]

He is known for his genre of music: reggae, dancehall, and Afropop fusion. He has released hit albums, won numerous accolades like MTV Africa’s Best Reggae Dancehall Artist.[24]

His income sources include music sales, streaming, endorsements, and live shows.

Patoranking also owns luxury cars (Rolls-Royce Cullinan, Mercedes-Benz G-Wagon, Bentley Bentayga) and a mansion in Lagos, solidifying his status as a successful Nigerian musician.[1]

18. Ice Prince – $5 Million

Ice Prince, photo credit: youtube.com

Panshak Henry Zamani, born on 30 October 1986, is a prominent Nigerian rapper, singer, and producer, with a $6 million net worth.

He sings the hip hop, Afropop, and Hausa genre of music.

He has released successful albums and won accolades like the BET Award for Best International Act: Africa.

His sources of income include music, endorsements, and live shows. Ice Prince also founded Super Cool Cats, a record label contributing to Nigerian hip hop.

He also owns a collection of  luxury cars.

19. Falz – $5 Million

FALZ, Spotify.com

Folarin Falana, born on 27 October, 1990, is a Nigerian rapper, singer, songwriter, and actor with a net worth of over $5 million.[25]

He is known for his witty and satirical lyrics, which often address social and political issues.

He has a successful music career having released hit songs, and winning awards like the BET Award for Best International Act Africa.

Other than his main source of income which is his music career, which includes album sales, streaming royalties, concerts, and endorsements, he is also an actor and has featured in blockbuster movies like “Brotherhood”.[25]

He has his own record label, Bahd Guys Entertainment and a collection of owns luxury cars including a Roll Royce Phantom and Vintage Mercedes-Benz.[1]

20. Wande Coal – $5 Million 

Wande Coal, Vanguardngr.com

Oluwatobi Wande Ojosipe, born on 18 October 1985 is a Nigerian singer, songwriter, and dancer with a $5 million net worth.[1]

He sings the R&B, Afropop, and dancehall fusion genre. He released his debut album “Mushin to Mo’Hits’ ‘ when he was still signed under Mo’Hit Records, a now dissolved record label.

Since then, he has released several hit albums and won accolades like the MTV Africa Music Award for Best Male Artist.

He earns from music, endorsements, and performances, and he owns a luxury Ferrari and a mansion in Lagos.

Wande Coal also founded Black Diamond Entertainment.[26]

21. Yemi Alade – $5 Million

Yemi Alade, spotify.com

Yemi Alade, born on 13 March, 1989, is a Nigerian singer, actress, and songwriter, that boasts a $5 million net worth.[1]

Known for her unique mix of Afropop and highlife music, she’s released four successful albums, hit singles and won accolades like the MTV Africa Music Award for Best Female Artist.

Her income sources include music, endorsements, and performances.[27]

Yemi Alade co founded the Effyzzie Music Group, a record label contributing to Nigerian Afropop.

She owns luxury cars (Lamborghini Hurricane, Mercedes-Benz G-Wagon, Lexus GX 460).[1]

22. Seyi Shay – $5 Million

Seyi Shay, Vanguardngr.com

Oluwaseyi Joshua, born on, is a renowned Nigerian artist known for her versatile music style, including Afrobeat, R&B, and pop.

With several successful albums in her name and awards like the MTV Africa Music Award for Best Female Artist, she has made a significant impact.[28]

Seyi Shay’s net worth ranges between $5 million,[29] and she boasts a collection of luxury cars, including a Toyota Camry, Mercedes-Benz G-Wagon, and Range Rover Sport.

Her residence is a mansion in Lagos, Nigeria, and she generates income through her music career, acting, and endorsements.[1]

23. Mayorkun – $5 Million

Mayorkun, Youtube.com

Adewale Mayowa Emmanuel, born on 23 March, 1994, is a Nigerian singer, songwriter, and record producer known for his Afrobeat and pop music.[30]

With several chart-topping hits and recognitions like the MTV Africa Music Award.

He has garnered a significant fanbase. Mayorkun’s net worth is estimated at $5 million,[31} and he owns a fleet of luxury cars, and a lavish residence in Lagos, Nigeria.

His primary sources of income include his music career and endorsements.

24. Kcee – $4.5 Million 

Kcee, Youtube.com

Kingsley Chinweike Okonkwo, born on 18 April 1979, is a Nigerian singer,[32] songwriter, and entrepreneur with a $4.5 million net worth.[1]

He is known for his genre of music, Afropop and highlife and has won awards like The Headies Award for Song of the Year.

Kcee earns through music, endorsements, and performances.

He co-founded the record label, Five Star Music. and owns luxury cars (Toyota Land Cruiser, Mercedes-Benz G-Wagon, BMW 7 Series) and two mansion in Lagos and Uli, Anambra.[1]

25. Omawumi – $3.5 Million

Omawumi, (youtube.com)

Omawumi Megbele, born on 13 April, 1982, is a Nigerian singer, actress, and philanthropist, amassing a $3.5 million net worth in 2023.[1]

She is renowned for her soulful vocals and blend of Afropop, R&B, and highlife music, she has won awards like the MTV Africa Music Award for Best Female Artist.[33]

The singer’s income sources encompass music, endorsements, and performances. Omawumi owns luxury cars and a mansion in Lagos.

She is also the founder of the Omawumi Megbele Foundation, empowering young girls and women in Nigeria through education and opportunities.

26. Skales – $2.6 Million

Skales (youtube.com)

Raoul John Njeng-Njeng, born on 1 April, 1991, is a Nigerian artist who sings Afrobeat and R&B genre of music.

He has also won awards accolades like the MTV Africa Music Award for his work.

Skales’ net worth is $2.6 million,[46] evident in the notable car collection he possesses and a lavish residence in Lagos, Nigeria.

His primary sources of income include his music career and endorsements.[46]

27. Chidinma Ekile – $2.5 Million 

Chidinma Ekile, youtube.com

Chidinma Ekile, born on 2 May, 1991, is a Nigerian gospel singer, songwriter and actress.

She rose to fame after her victory in the third season of Project Fame West Africa in 2010 and releasing a chart-topping song “Kedike”.

Among her accolades, Chidimma proudly holds the MTV Africa Music Award for Best Female Artist, solidifying her status as a celebrated artist.[34]

The singer’s net worth is a whopping $2.5 million owing to her multifaceted income streams, stemming from successful acting roles, and endorsement deals.

Chidimma has a Toyota highlander, Toyota Camry and a luxurious Range rover Evoque, in her collection of cars.[1]

28. Tekno – $2.5 Million

Augustine Miles Kelechi, born on 17 December,1992, is a prominent Nigerian singer, songwriter, and record producer.[34]

Tekno has amassed a net worth estimated at $2.5 million.[1] His car collection includes a BMW X6, Mercedes-Benz S550 Coupe, and Black Range Rover HSE.

His substantial income streams primarily originate from his flourishing music career and lucrative endorsements with several prominent brands including MTN.[1] 

29. Duncan mighty – $2.5 Million

Duncan Mighty, born 28 October, 1983, is another distinguished figure in the Nigerian music scene, is renowned for his exceptional contributions to highlife music.[35]

Duncan Mighty’s net worth is estimated at over $2.5 million.[1]

His car selection encompasses a Ford Explorer, Mercedes-Benz E-Class, and a Porshe Cayman, while his opulent mansion graces Port Harcourt, Nigeria.[1]

Apart from Duncan Mighty’s music career which is his major source of income, he also have lucrative endorsements and other profitable business ventures adding to his wealth.

30. Kiss Daniel – $2.3 Million

Kiss Daniel (youtube.com)

Oluwatobiloba Daniel Anidugbe, born on 1 May, 1987, is a promising Nigerian singer and songwriter, known for releasing chart-topping songs including “Buga”, “Shuperu”.[36]

His smooth vocals, versatile genre blending, and songwriting prowess have catapulted him into the spotlight, making him a global sensation.

 Kizz Daniel’s net worth is estimated at $2.3 million evident in his expensive rides, Mercedes-Benz S65 AMG and Ford Mustang Nigeria.[1]

Kizz Daniel’s income flows predominantly from his thriving music career and lucrative endorsements. 

31. Reekado Banks – $2.2 Million

Reekado Banks (spotify.com)

Ayoleyi Hanniel Solomon, born 6 December, 1993, is another Nigerian successful artist best known for his hit song, “Godwin”.

Like Korede Bello, Reekado bank was signed under Mavin records but currently owns his own record label, called Mavins Music.[38]

He has released two successful studio albums and earned recognition, including the. Reekado Banks’ net worth is estimated at $2.2 million,[38] and he boasts an impressive car collection and a luxurious mansion located in Lagos, Nigeria.

Reekado banks is primary sources of income are his music career and endorsement deals.

32. Teni – $2.1 Million 

Teni (Vanguardngr.com)

Teniola Apata is a Nigerian singer, and songwriter born on 23 December 1992. She has released a number of hit songs including her single, “Askamaya” which ranked 15 in the MTV Base’s Top 20 Hottest Naija Tracks of 2018.[1]

Teni is estimated at a net worth $2.1 million,[1] evident in her expensive mansion she acquired in 2020 and the notable cars’ she owns like a Mercedes-Benz G-Wagon, and Lexus LX 570.

Her source of income is primarily her music career, live performances and endorsements.[1]

33. Reminisce – $2 Million

Reminisce (TheNationng.net)

Remilekun Abdulkalid Safaru, born on 26 January, 1981, is a prominent rapper, singer, and songwriter who seamlessly blends genres like hip hop, Afrobeat, and pop, using the Yoruba rap style.[1]

Reminisce became the first hip hop artist in Africa to have an album debut on Billboard Charts World Music category at no. 12.

Reminisce’s net worth is 2 million,[1] stemmed from his music and endorsements. He owns a 2017 Lexus SUV, evident of his success.

34.  Harrysong – $2 Million 

Harrysong (Vanguardngr.com)

Harrison Tare Okiri, born on 30 March, 1981, is a renowned Nigerian singer, songwriter, and record instrumentalist celebrated for his Afrobeat and R&B music.

With many successful studio albums, he has garnered numerous awards, including the Nigeria Entertainment Award for Best Male Artist.

Harrysong’s net worth is estimated at $2 million.[1] Like every other artist, the singer owns a collection of cars like the Mercedes-Benz S class, and Range Rover Supercharged plus a mansion in Lekki Lagos showcasing his success.

His income primarily stem from his music career and endorsements.[1]

35. Runtown – $2 Million 

Runtown (vanguardngr.com)

Douglas Jack Agu, is a Nigerian singer, songwriter, and producer, born on 19 August 1989.[1]

He is well-known for Afro-pop and reggae music. He started his music career in 2007, but released his first song in 2010.

He has also won several awards including the 2014 edition of the Nigeria Entertainment Awards for Best Collaboration of the Year”.

His net worth is estimated at $2 million, and he own notable cars like the Lamborghini Gallardo, Mercedes-Benz G-Wagon.[1]

36. Small Doctor – $2 Million

Small Doctor (spotify.com)

Small Doctor, whose real name is Adekunle Temitope, born on 27 May 1996, is a Nigerian Fuji singer known for Afrobeat music and captivating live performances.

One of his numerous award is the 2018 Headies Award for the Best Street Hop and He holds a net worth of $2 million.[2]

37. Adekunle Gold – $1.9 million

Adekunle Gold (bellanija.com)

Adekunle Kosoko, born on 28 January 1987 and married to Simi Kosoko, is a renowned Nigerian artist celebrated for his Afrobeat and soul music.

With three successful studio albums and accolades like the MTV Africa Music Award for Best Male Artist, he has built his position as one of the richest in the industry.

Adekunle Gold’s net worth is estimated at $1.9 million,[39] generated through his music career and endorsements. Adekunle Gold owns a fleet of cars and a luxurious mansion.

38. Oritse Femi – $1.5 Million

Oritse Femi (youtube.com)

Oritsefemi Majemite Ekele, born 5 January 1985, is a Nigerian singer, songwriter, and performer known for his lively Afrobeat music.[40]

With three successful studio albums and an award from the Nigeria Entertainment Awards for Best Indigenous Artist, Oritse Femi has established himself in the industry.

He possesses a net worth estimated at over $1.5 million and enjoys luxury cars, and a lavish mansion in Lagos, Nigeria. His income primarily stems from his music career and endorsements.[1]

39. Niniola – $1.5 Million

Niniola (cnn.com)

Niniola Apata is a Nigerian artist known for her Afrobeat and pop music. With two studio albums and recognitions like the MTV Africa Music Award for Best Female Artist, she has garnered a dedicated fan base.

Niniola’s net worth is estimated between $1.5 million,[41] and she possesses a collection of luxury cars, including a Toyota Camry, Mercedes-Benz G-Wagon, and Range Rover Sport.

Her residence is a mansion in Lagos, Nigeria, and she generates income through her music career and endorsements.[41]

40. Ycee – $1.5 Million

Ycee / guardian.ng

Oludemilade Martin Alejo, born on 29 January, 1993, is a Nigerian rapper, singer, and songwriter celebrated for his Afrobeat and rap music. He has released successful studio albums and earned accolades like the MTV Africa Music Award.[45] Ycee’s net worth is estimated at $1.5 million generated from his music career and endorsements. and he possesses a variety of luxury cars and resides in a mansion in Lagos, Nigeria.[45]

41. Orezi – $1.5 Million

Orezi / Guardian.ng

Mr. Raggamuffin is a Nigerian artist recognized for his music, including the hit song “Rihanna.”

With two studio albums and accolades like the Nigeria Entertainment Award for Best New Act, he has made his mark in the industry.

Orezi’s net worth is estimated between $1.5 million, and his source of income primarily comes from his music career and endorsements.[48]

42. Praiz – $1.5 Million

Praiz / Starlogue

Praise Ugbede Adejo is a Nigerian artist celebrated for his R&B and soulful music.

He has gained recognition and has earned accolades like the Nigeria Entertainment Award for Best Male Artist. 

Praiz’s net worth is estimated at $1.5 million and his primary sources of income include his music career and endorsements.[49]

43. 9ice – $1.2 Million 

9ice (BellaNaija.com)

Alexander Abolore Adegbola Akande, born 17 January 1980, is a singer and songwriter.[1] He is known for rapping in Yoruba.

He’s received awards like the MTV Africa Music Award for Best HipHop Artist and boasts a net worth of $1.2 million.[1]

He also owns luxury cars, including a Ferrari and Mercedes Benz G wagon and a mansion in Lekki, Lagos. [1]

44. Lil Kesh – $1 Million

Lil Kesh /Facebook.com

Keshinro Ololade, born on 17 March, 1995, is a Nigerian rapper, singer, and songwriter celebrated for his Yoruba rap style and versatility in mixing various music genres like hip hop, Afrobeat, and pop.[42]

He has achieved commercial success with two studio albums and has been recognized with awards such as the Nigeria Entertainment Award for Best New Act.

Lil Kesh’s net worth is in the $1 million range,[42] and he, too, possesses an array of luxury cars, and an opulent residence is located in Lagos, Nigeria.

The singer’s income primarily derives from his music career and endorsement deals.

45. Simi – $1 Million

Simi (Vanguardngr.com)

Simisola Bolatito Kosoko, born on 19 April, 1998, and married to Adekunle Kosoko, is a versatile Nigerian artist known for her Afrobeat and R&B style.

She has gain awards and recognitions like the MTV Africa Music Award for Best Female Artist, Simi’s boast a $2.6 million net worth generated from music streams, live performances and endorsement deals.[47]

46. Korede Bello – $800,000

Korede Bello / Guardian.ng

Korede Bello is a Nigerian artist celebrated for his contributions to Afrobeat and R&B music. He was born on 29 February, 1995.

With two successful studio albums and recognition from awards like The Headies award for the best pop single, he has solidified his presence in the industry.

His net worth is estimated at $800,000,[50] generated through his music career endorsements and other business ventures.

The singer owns a collection of cars and a luxurious mansion.[50]

47. Maleek Berry – $800,000

Maleek Berry / Spotify.com

Maleek Shoyebi is a prominent Nigerian-British artist celebrated for his contributions to Afrobeat and R&B music.

His hit and accolades like the MTV Africa Music Award for Best Male Artist, has brought him to limelight.

Maleek Berry’s net worth is estimated at $800,000, and he boasts an impressive car collection, and a residence in London, England, and generates income through his music career and endorsements.[51]

48. Aramide – $800,000

Aramide / Vanguardngr.com

Aramide Sarumoh, is another Nigerian artist renowned for her Afrobeat and R&B music.

She has released one studio album and one EP, both achieving commercial success, and has earned recognition, including the Nigeria Entertainment Award for Best Female Artist.

Aramide’s net worth is $800,000, from her primary sources of income are her music career and endorsement deals.[53]

49. Sean Tizzle – $800,000

sean tizzle (Vanguardngr.com)

Morihanfen Oluwaseun Oluwatosin, born on 17 December,1989, is another Nigerian artist known for his Afrobeat and R&B music.

He has released two studio albums, both achieving commercial success, and has won accolades like the MTV Africa Music Award.

Sean Tizzle’s net worth is estimated at over $800,000,[44] earned through his music career and endorsements.

He possesses a range of luxury cars, including a Toyota Camry, Mercedes-Benz G-Wagon.[1]

50. Dija – $500,000

Dija / Legit.ng

Hadiza Blell-olo, born on 14 August, 1984, is a Nigerian artist celebrated for her Afrobeat and R&B music.

She is signed under Marvin Record and has earned accolades like the MTV Africa Music Award for Best New Act.

Dija’s net worth is estimated between $500,00, and she boasts an impressive car collection, and residence mansion in Lagos, Nigeria, and she generates income through her music career and endorsements.[52]

Conclusion:

All information provided about the richest musicians in Nigeria, their various sources of income and factors that contribute to their success is curated from Forbes list, media report and some other relevant yardstick.

Reference

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  41. “Oritse Femi”. Wikipedia. Retrieved 5 October, 2023
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  43. “Lil Kesh Net worth, Cars, House and Biography”. (January 21, 2023). Carmart. Retrieved 6 October, 2023.
  44. Peris Walubengo. (September 1, 2023). “Sean Tizzle”. Legit.ng. Retrieved 5 October, 2023.
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  48. Adam Bryant. “Orezi Net Worth”. (September 24, 2022). Wikilogy. Retrieved 6 October, 2023.
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  52. “Dija Biography”. (October 8, 2023). XclusivePop. Retrieved 7 October, 2023.
  53. “Aramide Biography”. (October 8, 2023). XclusivePop. Retrieved 7 October, 2023.

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