Top 10 Richest Musicians From Lagos: Net Worth And Career Achievements

Lagos, the entertainment hub of Nigeria, has birthed some of the continent's biggest music stars. These musicians have gained global recognition, amassed immense wealth, and redefined Afrobeat and other genres. Here’s a look at the top 10 richest musicians from Lagos, their net worth, and notable career achievements.

1. Wizkid (Net Worth: $30 million)

Ayodeji Ibrahim Balogun, popularly known as Wizkid, is one of the most influential artists in Nigeria. His rise to fame began with the hit single "Holla at Your Boy" in 2010. Since then, Wizkid has become an international sensation, collaborating with top artists like Drake, Beyoncé, and Justin Bieber. His album Made in Lagos achieved global success, cementing his position as one of Africa’s top musicians. He has numerous endorsements, including deals with Pepsi, MTN, and UBA.

2. Davido (Net Worth: $45 million)

David Adedeji Adeleke, known by his stage name Davido, is another powerhouse in the Nigerian music industry. The son of a billionaire, Davido carved his own path to success with his debut single “Dami Duro” in 2011. Over the years, he has released several chart-topping hits and won numerous awards. His global collaborations include artists like Chris Brown and Nicki Minaj. Davido also has endorsement deals with companies like Infinix, MTN, and Guinness.

3. Burna Boy (Net Worth: $25 million)

Damini Ebunoluwa Ogulu, better known as Burna Boy, is Nigeria’s Grammy-winning Afro-fusion artist. His unique blend of Afrobeat, reggae, and dancehall has earned him international acclaim. Burna Boy’s albums African Giant and Twice As Tall have not only received critical praise but have also garnered global success. Burna Boy's achievements include Grammy nominations and massive streams on digital platforms. He has signed lucrative endorsement deals with brands like Star Lager and Glo.

4. Olamide (Net Worth: $12 million)

Olamide Adedeji, known simply as Olamide, is a force in Nigeria's music industry. He introduced a fresh blend of Yoruba rap and street music with his debut album Rapsodi in 2011. Olamide’s record label, YBNL, has also nurtured successful artists like Fireboy DML and Lil Kesh. Olamide's entrepreneurial spirit is evident in his endorsements with Guinness, Cîroc, and Itel Mobile.

5. Tiwa Savage (Net Worth: $10 million)

Tiwa Savage is Africa’s queen of Afrobeats. With a career that spans over a decade, Tiwa has worked with international stars like Brandy and Major Lazer. She was the first woman to win the MTV Europe Music Award for Best African Act in 2018. Apart from her music career, Tiwa has endorsement deals with brands like Pepsi, MTN, and Procter & Gamble.

6. Falz (Net Worth: $5 million)

Folarin Falana, known as Falz, is a multitalented artist. Not only is he a rapper and singer, but also a lawyer and actor. His comedic style of music, blending wit and social commentary, has made him a favorite among fans. Falz has collaborated with several top Nigerian musicians and has also delved into Nollywood. His endorsement deals with Hennessy, MTN, and WebMall add to his wealth.

7. Don Jazzy (Net Worth: $18 million)

Michael Collins Ajereh, better known as Don Jazzy, is a celebrated music producer and entrepreneur. As the founder of Mavin Records, he has played a significant role in shaping the Nigerian music industry. Don Jazzy's Mavin Records has produced successful artists such as Rema, Ayra Starr, and Korede Bello. With business ventures and partnerships with brands like Loya Milk and Betway, Don Jazzy’s influence extends beyond music.

8. Naira Marley (Net Worth: $6 million)

Naira Marley, born Azeez Fashola, is one of the most controversial yet successful musicians from Lagos. His music, which blends street vibes and catchy rhythms, has earned him a massive following. The founder of Marlian Music, Naira has signed artists like Zinoleesky and Mohbad under his label. His popularity and brand endorsements have contributed significantly to his net worth.

9. Adekunle Gold (Net Worth: $7 million)

Adekunle Gold started his career as a graphic designer but quickly gained fame with his debut single “Sade.” His unique style of blending Afro-pop with highlife has made him stand out. Over the years, Adekunle Gold has released several hit albums, including Afropop Vol. 1, and has collaborated with international acts like Ty Dolla $ign. His endorsement deals with Unity Bank and Lagos State also add to his fortune.

10. Yemi Alade (Net Worth: $6 million)

Yemi Alade is another prominent figure in Nigeria’s music scene. Known as "Mama Africa," Yemi gained international fame with her hit single "Johnny." She has since toured globally and collaborated with artists like Rick Ross and Angélique Kidjo. Yemi Alade's success extends beyond music with endorsements from brands like Luc Belaire and Hollandia Yogurt.

Conclusion

The music industry in Lagos continues to thrive, and these musicians have not only earned recognition for their talent but have also built lucrative careers. From endorsements to global tours and investments in other sectors, they continue to be at the forefront of Africa's entertainment scene.