If you are a music lover, you have certainly heard about the Nigerian music industry. In fact, you must have a number of favorites as well, don’t you? But don’t you want to know if your favorites make the Top 10 Richest Musicians in Nigeria 2023?
Although there are numerous fine artists in Nigeria, only a few are recognized, but the industry has been expanding year after year. Some have been on the top 10 list for a long time, but success does not only knock on the doors of the ones who were already born on silver platters.
It can also be created with effort. Apart from singers who came from wealthy backgrounds, we also have musicians who made their own fortune by fighting constantly with the world, holding on to their talent as their only weapon.
Most of the successful African singers are from the state of Nigeria, like 2 Face Idibia, Burna Boy, Davido, and Wizkid. But today, we are not going to discuss who are the best singers, but who earned the most. So, have a look at the Top 10 Richest Musicians in Nigeria.
List of Top 10 Richest Musicians In Nigeria 2023
- Davido – ₦ 30 Billion
- Wizkid – ₦26.6 Billion
- Don Jazzy – ₦26.4 Billion
- Burna Boy – ₦26.1 Billion
- Mr. P – ₦25 Billion
- 2 Face Idibia – ₦24.5 Billion
- Rude Boy – ₦24 Billion
- D’banj – ₦24 Billion
- Asa – ₦11.52 Billion
- Flavor Nabania – ₦ 10 Billion
Your curiosity to learn about the richest Nigerian musicians ends here. Since success has a price, we can assume that these richest singers in Nigeria are all better than the others and ultimately successful.
10. Flavor Nabania – ₦10 Billion – $25 million
The Igbo highlife music star Flavor Nabani is a Nigerian singer and songwriter who is one of the few artists who has played a major role in the invasion of western music with local music, without compromising its cultural orientations.
Flavor is also a multi-instrumentalist who plays guitar, piano, and drums. He dubbed himself a major Nigerian performer after the release of his second album, titled “Uplifted.”
After that, he released albums including Awele, Thankful, Ijele-The Traveler, and Blessed. Throughout these albums, he has come up with 34 singles, and apparently, there is no sign of stopping.
However, shall we know why he is said to be one of the richest Nigerian singers? The answer is short and precise- because he is pretty rich.
Flavor Nabania has a net worth of $25 million as of 2023. But, how does he manage his income? by buying luxury cars?
Flavor’s Car Collection
- BMW X6
- Black Mercedes Benz G-Wagon
- Lexus LX 570
- Land Rover
9. Asa – ₦11.52 Billion ($28.8 million)
Okay, so is Asa the richest Nigerian female musician?
She is the one and only female star on the list of the richest Nigerian singers, with a bank balance of a whopping $28.8 million.
In reality, Asa is a Nigerian-French singer, recording artist, and songwriter who is famed for her unique and captivating music.
Not only is Asa the only female singer on the list of the Top 10 Richest Musicians in Nigeria, but she is also the only female child of her parents.
She turned to music after listening to the music collections of her father, who used to play it very frequently since he was a cinematographer himself.
He used to play the songs of artists like Miriam Makeba, Aretha Franklin, Marvin Gaye, Fea Kuti, Bob Marley, Diana Ross, Nina Simone, and King Sunny Ade, so obviously, these are her favorites.
Her debut single was ‘Eye Adaba” which was a smash single. Thereafter, she released another album titled “Asa” which made her a recipient of the French Constantin Award in 2008.
8. D’banj – ₦ 12 Billion ($30.1 million)
Are you one of the Dbanj fans? If yes, you must have landed on this article to check whether D’banj is on the top 10 list of the richest musicians in Nigeria or not.
Don’t worry, he has also bagged $30.1 million and, therefore, is definitely one of the wealthiest singers in Nigeria.
Since 2016, D’banj has been getting ranked on the list, and there is a good chance that he will continue to be one of the earning singers in the state.
There are singers who have outshined him, but D’banj and his songs are still remarkable. Apart from that, he has bagged several awards for being an outstanding musician.
Lately, D’ banj has been receiving more endorsement deals from ruptured brands which are due to the success he has earned in the industry.
D’banj Car Collection
- Range Rover SUV
- Harley Davidson Bike
- Two Aston Martin Vantage
- Rolls-Royce Phantom
- Mercedes Benz AMG GT
- Ferrari F430
7. Rude Boy – ₦24 Billion ($60.2 million)
Along with D’banj and Asa, we have Rude Boy to join the list of the Top 10 Richest Nigerian Singers.
Paul Okoye, who is professionally known as Rude Boy, was popularly called P Square along with his famed twin brother Mr. P. For a long time, Peter Okoye and Paul Okoye spanned the world at their fingertips, but woefully, there is no more P-Square as it has been disbanded after a couple of disagreements between the brothers.
Since his voice is unique, Paul garnered traction as an individual singer as well, and therefore, he started his career separately.
When this was added, it was understood that Paul Okoye, aka Rude Boy, has a net worth of $60.2 million, making him the seventh richest singer in Nigeria.
Rude Boy Car Collection
- Land Rover Range Rover
- Lamborghini Gallardo
- Rolls Royce Ghost
6. 2Face Idiba – ₦24.5 Billion ($60.7 million)
Given the level of admiration of recognition he receives, we can tell that he must be one of the music superstars.
How much do you think a successful singer like 2Face Iidba receives from various enterprises, tours, endorsements, and performances?
Even if you are an admirer of 2 Face or not, he is occasionally being paid large sums, with which he has snatched the sixth spot in the list of the top 10 wealthiest singers in Nigeria.
You must have thought at least once that how much would 2 Face be earning or what is his net worth, haven’t you? So, now let’s bring your curiosity to an end.
2 Face Idiba has a net worth of a staggering $60.7 million, which is a big deal. He came to the limelight after releasing his iconic hit tune “African Queen.” Ever since 2 Face has been a chart-topper.
2 Face’s Car Collection
- Chevrolet Corvette Coupe
- Toyota Land Cruiser Prado
- Ferrari Coupe
5. Mr P – ₦25 Billion ($63.3 million)
Like his twin brother, Mr. P is also one of the richest singers in Nigeria. Over the last few decades, he has been working hard to create an empire for himself, which has already been created.
Although the brothers had a clash, it has not affected their individual careers. Together with Rude Boy, he has delivered seven singles that have topped the Nigerian music charts.
One of the facts about Mr. P is that his impact is worldwide, as he has tons of international fans.
With no sign of stopping, Mr. P is growing above the imaginary limits created in the Nigerian music industry, and therefore, he is creating history for both Nigeria and Africa.
Mr. P Car Collection
- Mercedes AMG GL63
- BMW X6
- Dodge Challenger
- Bentley Mulsanne
- Two Range Rovers
- Porsche 718 Cayman
- Jeep Wrangler
4. Burna Boy – ₦26.1 Billion ($65.3 million)
Damini Ebunoluwa Ogulu, the Nigerian singer who is better known as Burna Boy is our next wealthiest singer in Nigeria.
In fact, Burna Boy is one of the most successful African artists who has made the country proud- not once, but as many times as he could.
His single “Like to Party” from his debut album L.I.F.E. was the one that made him popular in 2012. He was honored with several awards, including a Grammy, and four other awards at the MVP Awards Festival.
As of 2023, Burna Boy is worth more than the artists mentioned above. His net worth is estimated at $65.3 million, making him one of the top 5 on the list of the richest musicians in Nigeria and also is ranked 7th on the list of richest musicians in Africa.
Burna Boy Car Collection
- 2-13 Ferrari 458 Italia
- Rolls Royce Down Convertible
- Mercedes-Benz G Wagon
3. Don Jazzy – ₦26.4 Billion ($66.1 million)
Who doesn’t recognize the unique style of Don Jazzy, who often says, “It’s Don Jazzy again!?” It’s his signature intro, and that is more than enough for his fans to get pumped.
He is just so iconic that none of the music he has ever created has been a flop. This way or that, it has always been a favorite of many.
By far, he has created a benchmark for himself that only he can attain. It is not about money or power, it is pure talent that matters.
But when you ask who Don Jazzy is, we can say that he is multifaceted- a singer, producer, songwriter, and performer. He is an all-in-one package like many commercials but does not own a single track.
Don Jazzy doesn’t complete a song by himself, instead, he simply goes on with collaborations one over the other. Mostly, he will be doing the background score or will be busy in production. Yet, Don Jazzy is famous and is one of the richest musicians in Nigeria, with a net worth of $66.1 million.
Don Jazzy Car Collection
- Used Mercedes Benz E350
- Cadillac Escalade
- Bentley Continental
- Porsche 911 Carrera
2. Wizkid – ₦25 Billion ($66.6 Million)
Wizkid is a Nigerian singer who is widely recognized across Africa, especially among the Afrobeat community.
He collaborated with the music king Drake, and thereafter, Wizkid began to earn more attention from the public as well as in the industry. He slowly came to the mainstream after collaborating with several high-profile artists.
In fact, Wizkid is also the most followed Nigerian citizen on Twitter, meaning he is the most popular Nigerian in the world.
So far, he has secured a number of lucrative endorsements, including one with the world-renowned Pepsi.
Since he made his debut at a very young age, it has helped him break multiple records as well as create history. In short, Wizkid is an international musician who is the second richest Nigerian singer as of 2023.
Wizkid Car Collection
- Mercedes Benz G63
- BMW X6 Crossover
- Porsche Panamera
- Lamborghini Urus
1. Davido – ₦28 Billion ($70 million)
So, who is the number one highest-paid singer in Nigeria? Well, it is none other than Davido, who has an astounding net worth of $70 million.
Davido is the co-owner of the record label HKN Music, the other owner being his own brother, Adewale Adeleke. Apart from being a successful singer, Davido is also a famed producer, who has produced songs for singers including Tiwa Savage, Naeto C, and Skale.
After signing several contracts, Davido finally launched his own label, Davido Music Worldwide.
Singing alone can’t make him this affluent, so what can? Davido has accepted many endorsement deals, earning him millions.
Davido Car Collection
- Mercedes- AMG GLS63
- Land Cruiser Toyota
- Porsche Panamera Turbo S
- Bentley Continental GT
- Audi Q7
- Audi R8
- Chevrolet Camaro GS
- Mercedes G-Wagon
- Range Rover SV Autobiography
- Bentley Bentayga
- Range Rover Sports
- Rolls Royce Cullinan
Richest Musicians In Nigeria – Conclusion
Nigerais certainly has given birth to several fresh talents including legendary singers like Davido, Wizkid, and Don Jazzy. What is more important is that they are not confined within their state, but are famous throughout the world.
Are they popular because they were born rich? No. It is their capabilities, determination, and effort that have made them successful.
There’s no need to stumble again when someone asks who the richest musician in Nigeria is.It is none other than Davido, who has amassed the maximum cash in his bank.
Hopefully, he will deliver more chart-toppers in the coming years and continue to astound his fans as usual.