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Who is the richest musician in Nigeria and his net worth 2020

Who is the richest musician in Nigeria and his net worth 2020
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Being a musician is more of a passion than a profession. The ones who love music, money chases them itself, and they truly make a fortune out of their musical talents. The top 10 richest musicians in Nigeria also validate this proposition.

When you read out from Don Jazzy to Timaya, you will be able to explore some hidden facts that are common in each of them.

Apart from hard work and their passion for music, they have many things common.

Read carefully as we have only mentioned the straight facts about each of these top 10 richest musicians in Nigeria and their net worth.

The list of top 10 richest musicians in Nigeria is in descending order as per the amount of net worth.

1.Don Jazzy (Net Worth N20 Billion)

Michael Collins Ajereh, famously known as Don Jazzy is a Nigerian singer, producer, songwriter, actor, and businessman one richest musician in Nigeria.

He owns Mavin Records, a reputed record company in Nigeria.

Has also been awarded many times for his tremendous contributions to the music industry.

Personal Biodata:

  • Date of Birth: 26 November 1982
  • Place of Birth: Umuahia, Abia State, Nigeria
  • Nationality: Nigerian
  • Net Worth: N20 Billion
  • Other Names: Don Baba J

Don Jazzy developed an interest in music as early as he was 12 years old.

Who would have thought that a security guard in McDonald’s would turn out to become one of the most powerful musicians in Africa?

He had a special interest in playing guitar and brass band.

Therefore, he went on to pursue his interests to become the CEO of one of the most successful record houses in Nigeria.

Most of his works have involved him in records production.

His music hits include Darobucci, Eminado, and Godwin.

He also enjoys profitable collaborations with music giants like MTN Nigeria and Loya Milk.

Apart from his contributions to the music field, he also appeared in a Nigerian film “The Last 3 Digits”.

Don Jazzy owns many expensive cars and mansions.

He owns a mansion in one of the most lavish areas of Nigeria and also owns luxurious cars like Porsche and Bentley.

Therefore with all of his net worth and popularity, Don Jazzy leads the chart of the top 10 Nigerian musicians.

2. Davido (Net Worth N12 Billion)

David Adedeji Adeleke popularly known as Davido is the US-born musician, singer, producer, YouTube entertainer, and brand ambassador.

He has family roots in Nigeria.

That is why he is on the list of the top 10 richest musicians in Nigeria.

And is the brand ambassador of famous companies like Infinix Mobile and AXE.

He has a huge fan following on social media channels, especially on YouTube for his songs.

Furthermore his fans wait anxiously for his new release of songs.

Personal Biodata:

  • Date of Birth: 21 November 1992.
  • Place of Birth: Atlanta, USA
  • Nationality: Nigerian-American
  • Education: Bachelor’s in Music, Babcock University
  • Net Worth: N12 billion

He came from quite a wealthy background as his father is also a billionaire, but Davido has made his worth.

Davido came into prominence when he released a single track “Dami Duro” in 2011 which became viral all over Nigeria among the music lovers.

He went on to release his album ‘Omo Baba Olowo’ the next year which was also a superhit in Nigeria.

How he became a celebrity in Nigeria and Africa

He was studying business administration at Oakwood University, Alabama, USA but was dropped out due to lack in his grades and more commitments towards music.

He went on to enter the music industry and continued his journey with full zeal and zest.

Currently, he owns his own music company named Davido Music Worldwide (DMW) and is also the co-owner of HKN Music along with his brother.

He signed expensive commercial deals like the one with MTN Nigeria and Sony Music that have contributed millions of Naira to his bank balance.

Have also performs in concerts at different places.

Also did a partnership with Guinness Nigeria and performed at the “Guinness World of More” concert.

He is fond of buying expensive properties and luxurious cars.

And also owns several lavish properties in Nigeria and the USA.

He also owns a variety of expensive cars like Mercedes Benz, Porsche, Range Rover, and Rolls Royce.

Recently, he was all over the news for gifting a brand-new Porsche to his girlfriend as her birthday present.

After Don Jazzy, Davido is striving hard to become the richest artist in Nigeria.

3. Burna Boy (Net Worth N10 Billion)

Damini Ogulu, better known as his stage name Burna Boy, is a Nigerian singer, dancer, songwriter, and stage performer.

He rose to prominence with his song ” Like to Party” in 2012 that got him recognized as a talented singer.

Personal Biodata:

  • Date of Birth: 02 July 1991
  • Place of Birth: Port Harcourt, Nigeria
  • Nationality: Nigerian
  • Net Worth: N10 Billion

Having hailed from an ordinary background, his interest in music and singing always kept pushing him to do what he could do best.

So how come this ordinary boy made out to the list of top 10 richest musicians in Nigeria?

Let’s find out.

Burna Boy showed interest in music at the age of 11 when he used to utilize the domestic stuff as his means of music beats.

He started portraying his singing talents in his school.

He widely appreciated throughout his school for his outstanding performances.

This encouraged him to jump into the professional music field.

He became a recognized musician at the age of 22 when he released his debut album named “LIFE” that gained a tremendous reception throughout Nigeria.

Just like other musicians, Burna Boy also partnered with many other singers and record production companies.

He eventually moved on to become a solo singer.

He is one of the highly paid endorsement individuals in Nigeria and earns a great chunk of his net worth from such lucrative endorsement deals.

Burna Boy has won many awards including BET, MTV, All Africa, and International music awards.

4. P-Square (Net Worth N9 Billion)

P-Square used to be a Nigerian duo music band represented by two identical twin brothers named Paul Okoye and Peter Okoye.

They used to be one of the best music performers until 2016 when they decided to split.

They perform individually now, and both still enjoy a tremendous fan following all over Africa.

Personal Biodata:

  • Date of Birth: 18 November 1981
  • Place of Birth: Jos, Nigeria
  • Nationality: Nigerian
  • Net Worth: N9 Billion
  • Other Names: Paul & Peter, Okoye Brothers

P-Square may be a surprise to a few of the readers in this list of top 10 richest musicians in Nigeria, but the list is, in fact, incomplete without them.

Both brothers had a keen interest in music right from their school times.

They used to perform locally with drums and bass in childhood.

They continued their passion for music and singing until 1999 when they started singing properly.

It was in 2003 when they formally entered the music industry at the age of 22.

They released many albums that received wide popularity all across Nigeria and Africa.

They were also known as one of the most desired concert performers in Nigeria.

Most of their net worth has come from this aspect alone.

Both brothers used to share the equal split of their net worth until 2016 when they decided to part ways over reasons better known to them.

Peter Okoye performs as Mr.P while Paul Okoye is known as RudeBoy or King Rudy.

They own mansions in Atlanta and some other luxury items, including expensive vehicles and property in Nigeria.

5. Wizkid (Net Worth N8 billion)

Ayodeji Ibrahim Balogun, famously known as Wizkid is a singer, producer, songwriter, dancer, and stage performer one of the richest musician in Nigeria.

He entered into the world of music as early as he was only 11 years old when he sang a song with his fellows in a group named Glorious Five.

Personal Biodata:

  • Date of Birth: 16 July 1990
  • Place of Birth: Surulere, Lagos State, Nigeria
  • Nationality: Nigerian
  • Net Worth: N8 billion
  • Other Names: StarBoy, Lil Prinz
  • Children: 3 boys

He has earned many national and international accolades due to his contribution to music.

He also keeps performing at international music concerts and events.

Wizkid became popular when he released his single debut album named “Superstar” in 2011.

His song “Holla at Your Boy” gained tremendous popularity.

From that point on, he kept on showing his singing talent that took his journey towards new horizons of success.

He gained international popularity with his duo track “One Dance” that topped the music charts in many countries including the American and European continents.

Since then, Wizkid has collaborated with many other famous artists who have international fame and recognition.

Guinness Book of World

This song also landed him in the Guinness Book of World Records.

He also signed many commercial deals to promote international brands like Pepsi.

His collaborations with music giants like MTN Nigeria and GLO have contributed much to his net worth.

Wizkid enjoys a crazy fan following on social media platforms, including Twitter and YouTube.

Just like Davido, Wizkid also performed at “Guinness World of More” concerts in 2013.

With his unique style of songs, Wizkid has made it to the top of the list as the richest hip hop artist in Nigeria.

Wizkid is also fond of luxurious properties and vehicles.

His list of expensive possessions includes two or more mansions in Nigeria and the USA.

He also owns expensive cars like Porsche, Mercedes Benz, and BMW.

6. 2Baba (Net Worth N7.5 Billion)

Innocent Ujah Idibia, better known as 2Baba, is a Nigerian singer, dancer, songwriter, record producer, businessman, and humanitarian.

He has released many albums and is best known for his superhit song “African Queen”.

He is one of the most successful pop singers in Africa.

Personal Biodata:

  • Date of Birth: 18 September 1975
  • Place of Birth: Jos, Plateau, Nigeria
  • Nationality: Nigerian
  • Net Worth: N7.5 Billion
  • Other Names: 2Face Idibia
  • Children: 7 children

He started showing interest in music and singing when he was in school.

And performed at school stages and received praise from his fellows.

He properly entered the music world in 1996 when he started composing jingles.

Later on, he partnered with BlackFace to release many of their collaborations, most of which received appreciation throughout Nigeria.

Also had to split with BlackFace due to some commercial reasons and started releasing his solo albums in 2004.

He released “Face to Face” and “Grass 2 Grace” in 2004 and 2006 respectively.

And was married a famous Nigerian actress named Annie Macaulay in 2012.

It did not surprise anyone much because he was considered the wealthiest hip hop musician in Nigeria.

He has earned many awards, including MTV and BET awards.

He also laid the foundation of the 2Baba Foundation, and he is keen to serve humanity through his philanthropist platform.

2Baba owns two splendid mansions and luxurious cars like Ferrari and Chevrolet.

7. D’Banj (Net Worth N7 Billion)

Oladapo Daniel Oyebanjo famously known as D’banj is a Nigerian singer, songwriter, dancer, rapper, TV and stage performer, and humanitarian.

He is best known for his superhit song “Oliver Twist” that had topped the charts in Nigeria and also gained tremendous popularity in the UK upon its release in 2012.

Personal Biodata:

  • Date of Birth: 09 June 1980
  • Place of Birth: Zaria, Kaduna State, Nigeria
  • Nationality: Nigerian
  • Net Worth: N7 Billion
  • Other Names: Kokomaster, Bangalee
  • Children: One Son

D’Banj belonged to a military background, and his father wanted him to join the military forces.

But fate had its ways to bring D’Banj towards the field he was born for.

After two attempts of pursuing a degree in mechanical engineering, he met his mentor Don Jazzy.

He encouraged his singing talent.

That resulted in a release of his first song named “Tongolo” when he was 24 years old.

It became an instant hit in Nigeria, and he received huge appreciation from the music world.

This was the start of his music career.

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He went on to release his debut album named “No Long Thing” in 2005.

And is also currently a brand ambassador for companies like Power Fist drinks and Ciroc Nigeria.

He is also credited for launching a talent hunt program named CREAM.

It finds the talented singers throughout Nigeria and also helps them pursue their dreams.

In addition to that, D’Banj also involved in humanitarian work and uses music to increase awareness and alleviate poverty in his country.

He laid the foundation of the Koko Foundation for Youth and Peace Development to help the youth of Nigeria.

He has been presented with many national and international awards including MTV, BET, European music awards.

8. Flavour (Net Worth N6 Billion)

Chinedu Okoli, commonly known as Flavour, is a Nigerian singer, songwriter, dancer, stage performer, and vocalist.

He became widely noticed all over Africa with his viral song “Nwa Baby” in 2010 that made him a superstar.

Flavour enjoys a huge fan following all over Nigeria and Africa.

Personal Biodata:

  • Date of Birth: 23 November 1983
  • Place of Birth: Enugu, Enugu State, Nigeria
  • Nationality: Nigerian
  • Net Worth: N6 Billion
  • Other Names: Flavour N’abania

Flavour was noticed as a talented drum instrumentalist when he was only 13 years old.

He caught the eyes of attention to perform locally at various events that encouraged him well to pursue a career in the music industry.

It was at a church when he got noticed for playing the drums by the CEO of SoundCity company.

He offered him a scholarship to formally study music at his expense.

Flavour went on from mastering the drum beating to playing the piano.

He formally entered the music industry when he was only 19 years old.

He performed live in front of the public to showcase his magic of playing drums and piano.

In 2005, he released his first album “N’abania”, and since then, he took off for a long journey as a musician and a singer at the age of 22.

He has released many music albums and has won many national and international awards for his outstanding contribution to the music industry.

His awards also include Nigeria Entertainment Awards and The Headies.

9. Banky W (Net Worth N5 Billion)

Olubankole Wellington, most commonly known as Banky W is a Nigerian richest musician, singer, songwriter, rapper, actor, and political activist in Nigeria

He got public fame from his album named “Back in the Building” which was released in 2005.

Personal Biodata:

  • Date of Birth: 27 March 1981
  • Place of Birth: New York, United States
  • Nationality: Nigerian-American
  • Net Worth: N5 Billion
  • Other Names: Banky Wellington (Movie Name)

Banky W was born to Nigerian parents in the USA.

After getting his early education from the United States, he moved back to Nigeria for further studies.

Although he returned to the USA for technical education on a scholarship, he came back to his own country to start his music career.

Banky was successful in music right from the start, and he never looked back since then.

He earned fame from his record label named EME which he founded while he was still studying.

Many famous Nigerian singers including Wizkid and Shaydee collaborated with Banky on his record label.

He dissolved his record label in early 2018 to start a talent management company.

His song named “0809ja for life” also earned him much fame and following in Nigeria.

Banky is a brand ambassador for many reputed companies and gathers millions of dollars from his marketing campaigns for companies including Samsung Nigeria and Uber.

Even more he is one of the most versatile celebrities in Nigeria.

Apart from being a singer, he is also an actor.

He has acted in four Nigerian films including “The Wedding Party”.

In addition to that, he is also keen to represent his constituency in the parliament, making him the only politician in our list of richest Nigerian musicians who have political interests.

He ran for elections in 2019 but could not win a seat.

10. Timaya (Net Worth N4 Billion)

Inetimi Timaya Odon popularly known as Timaya is a Nigerian singer, songwriter.

Also was first noticed with his song “Dem Mama” in 2005.

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And went on to release his solo albums and gained further popularity as a famous musician in Nigeria.

He gained international popularity with his third album named “De Rebirth” which was commercially successful.

Personal Biodata:

  • Date of Birth: 15 August 1977
  • Place of Birth: Port Harcourt, Rivers State, Nigeria
  • Nationality: Nigerian
  • Net Worth: N4 Billion
  • Other Names: Timaya Odun

Born in Port Harcourt, he was a part of a large family.

He gained his early education locally in Port Harcourt and went on to study further in Lagos.

And had a keen interest in music right from his childhood.

He used to sing and play music at the local levels at the start.

Have formally entered the music business when he failed to pursue his studies in finance and was dropped out due to low grades.

It was at this point in his life when he was able to release his breakthrough song “Dem Mama”.

Since then, he tirelessly continued to touch the heights of glory and success.

Timaya went on to release many solo albums, songs, and joint performances. All of his work gained excessive appreciation throughout the country and region.

He continued his journey to establish his record label named “DM Records Limited”.

He also helps new singers who are talented enough to showcase their skills via his record label company.

Also, Timaya has earned many musical awards gaining national and international fame.

His list of awards includes The Headies, Nigeria Entertainment Awards, and Grammy Awards.

Richest musician in Nigeria summary:

So, who is the richest Nigerian musician?

If you only talk about the estimated net worth owned by each of the Nigerian singers, you can guess it from the list mentioned above.

But if you want to add some other factors like talent, humanitarian work, fan following, and popularity, etc., you may have to rearrange the list for sure.

It is not about the amount of money that is owned by any artist, and it is the amount of effort, hard work, and talent that is portrayed by any artist or a musician that makes him truly rich.

Therefore the richest musicians in Nigeria mentioned in this list have earned to be a part of this precious list.

That makes them stand out from the crowd and deserve a huge round of applause for not ignoring their passion for doing unworthy jobs like others who suppress their talent over pity careers.