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10 Highest Earning Musicians In Nigeria According To Forbes: Net Worth And Career Achievements
The Nigerian music industry has become a global force, with its artists not only shaping the soundscape of Afrobeats but also commanding significant wealth through diverse business ventures. Leading this wave are musicians who have risen from humble beginnings to amass fortunes that rival their international counterparts. These artists are not just celebrated for their chart-topping hits but are revered as cultural icons, trendsetters, and entrepreneurs who have mastered the art of turning fame into fortune.
1. Davido - Net Worth: $45 Million
Davido, known for hits like Fall and FEM, continues to lead as one of Nigeria’s highest earners. His wealth comes from diverse sources including music sales, streaming, live performances, and lucrative endorsement deals with MTN, Infinix, Puma, GAC Motors and Martell. Davido's label, DMW, has fostered the careers of many upcoming artists, contributing to his growing influence in the industry. He also owns luxury properties in Lagos and Atlanta and recently added a private jet to his assets.
2. Wizkid - Net Worth: $35 Million
Wizkid, often called Starboy, remains a global ambassador of Afrobeats. With hit songs like "Essence" and collaborations with Drake, Beyoncé, and Justin Bieber, Wizkid has cemented his place in global music. His wealth comes from record sales, concerts, and endorsements, including deals with Ciroc and Nike. He frequently sells out major arenas like the O2 in London and continues to expand his brand internationally.
3. Don Jazzy - Net Worth: $25 Million
Don Jazzy, the founder of Mavin Records, has played a pivotal role in shaping Nigeria’s music landscape. He has produced hits for top artists like Rema and Ayra Starr, and his business ventures extend beyond music into energy and food services. His endorsements with Samsung, MTN, and Konga further boost his earnings, reflecting his status as a major player in both music and business.
4. Burna Boy - Net Worth: $22 Million
Burna Boy’s Grammy-winning career has elevated him to international stardom. Known for blending Afrobeat, reggae, and pop, Burna Boy is one of the highest-paid artists in Africa. His wealth comes from sold-out tours, album sales, and endorsements with Nike, Ciroc, and others. Burna Boy’s extravagant lifestyle, including luxury cars and a Lagos mansion, mirrors his financial success.
5. 2Baba (2Face Idibia) - Net Worth: $18 Million
2Baba is a legend in the Nigerian music industry, known for his timeless music and philanthropic efforts. His foundation supports education and health initiatives across Nigeria. Beyond music, 2Baba invests in real estate and has numerous endorsements, including deals with Glo and Campari. His legacy and business ventures have kept him relevant and wealthy over the years.
6. Olamide - Net Worth: $15 Million
Olamide, a prolific rapper and founder of YBNL Nation, has built a significant empire in the Nigerian music industry. Known for his ability to rap in Yoruba and English, Olamide has released multiple hit albums and singles. His income is bolstered by performances, music sales, and endorsements with brands like Monster Energy and Itel Mobile.
7. Phyno - Net Worth: $12 Million
Phyno’s unique blend of Igbo rap and mainstream appeal has made him a household name. He has collaborated with numerous artists across Nigeria and has built a solid reputation as a rapper, producer, and entrepreneur. His investments in real estate and other ventures add to his net worth, making him one of the richest musicians in Nigeria.
8. D’banj - Net Worth: $11 Million
D’banj, also known as the Koko Master, has diversified his brand beyond music into business and entertainment. His platform, CREAM, helps discover and promote new talent in the industry. With past hits like "Oliver Twist," D’banj has managed to stay relevant and continues to earn from endorsements with Beats by Dre and Power Fist.
9. Timaya - Net Worth: $10.5 Million
Timaya’s distinctive sound and consistency have kept him at the top of the charts for years. Known for hits like "Sanko" and "I Can’t Kill Myself," Timaya’s wealth is derived from record sales, concerts, and endorsement deals with major brands like Hennessy and Globacom. He is also known for his luxury lifestyle and investments in real estate.
10. Tiwa Savage - Net Worth: $10 Million
Tiwa Savage, a trailblazer for female artists in Nigeria, has achieved global recognition with hits like "Somebody’s Son" and her collaborations with global stars like Beyoncé. Her income is driven by music, a fashion line, and endorsements with brands like Pepsi and Maggi. Tiwa Savage continues to inspire many young female artists while expanding her influence beyond Africa.
Conclusion
These musicians are not just artists; they are brands, entrepreneurs, and trendsetters. Their influence in the global music industry highlights the power of Afrobeats and showcases Nigeria’s potential on the world stage. Their ability to diversify earnings through endorsements, tours, and smart business investments sets a powerful example for the next generation of artists.
