Richest Musicians In Nigeria 2023, and Their Net Worth
Richest Musicians In Nigeria 2023 (Top 10) and Their Net Worth
Would you like to know who the top ten richest musicians in Nigeria are and how much they are worth? Well, you’ve come to the right place. The Nigerian music industry is one of the fastest growing in the country. Over the years, it has produced some incredible singers.
On this page, we will share the estimated analysis and trends-based rankings of the top Nigerian richest musicians in the industry.
All we did was check each artist’s individual net worth, calculate their amassed wealth, and show performance fees, endorsements, and potential investments.
Take your time and read through everything.
It’s also worth noting that most of these musicians have amassed a lot of money in the last few months, and that’s how we’ll rank them.
The Top Ten Richest Musicians in Nigerian 2022 for the year are listed below.
Richest Musicians In Nigeria 2022:
10. Flavour – $9.5 million
Flavour N’abania is one of Nigeria’s wealthiest musicians, with a net worth of slightly more than $9 million.
He is a brand ambassador for Flat tummy tea, a weight loss company, Bullet, an energy drink, and MTN, one of Nigeria’s largest telecommunications companies.
Flavour’s real name is Chinedu Okoli, and he began his musical career as a drummer at his local church. He was a young boy living in Enugu State at the time.
Flavour rose to prominence after releasing the hit song ‘Nwa Baby (Ashawo Remix)’ in 2005. During this time, he released his first album, ‘N’abania.’
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Five years later, he released ‘Uplifted,’ his second studio album, which featured hit singles such as “Nwa Baby (Ashawo Remix),” “Adamma,” and “Oyi Remix.”
This second album was a huge success, propelling the singer to the top of Africa’s music charts. In fact, following the release of the Uplifted album, Flavour performed at a number of concerts and social events.
Flavour currently charges N3 million per show, but this figure could rise depending on where he performs.
Flavour’s Automobiles | Richest Musicians In Nigeria 2022
• LX 570 Lexus
• Mercedes-Benz G-wagon in black (40 million)
• Jaguar Land Rover (N25 million)
• The BMW X6 (18 million)
9. Peter Okoye and Paul Okoye – $10 Million Each
It’s impossible to forget the former popular duo P-Square, which was founded by Peter and Paul Okoye. The brothers are ranked ninth on the list and share the same net worth.
On November 18, 1981, Paul and Peter Okoye were born in Jos, Plateau State. The brothers formed the extremely popular band P-Square, which was one of Nigeria’s most famous duos until they decided to split up.
When the brothers performed together, they earned exorbitant sums of money. It was estimated that they used to receive $150,000 per concert in Africa and lived a lavish lifestyle.
A large house and a private jet were among their possessions. They are currently ranked ninth in the world and each have a net worth of around $10 million.
Mr. Peter’s Automobiles and Mansion
Mr. P owns a mansion in Lagos, Nigeria, as well as another in Atlanta, Georgia. He is also a car enthusiast. He owns exquisite cars that any celebrity would envy, including:
- 2 Range Rovers (50 million – 82 million)
- BMW X6 (23.5 million–28 million)
- Dodge Challenger (10.8 million–22 million)
- Porsche 718 Cayman (22,000,000)
- Mercedes AMG GL63 (45 million)
- Bentley Mulsanne (125 million)
- Jeep Wrangler (12.6 million).
Mr. Paul’s Automobiles and Mansion | Richest Musicians In Nigeria 2022
Paul Okoye, better known as RudeBoy, owns homes both in and outside of Nigeria, and none of them are anything less than mansions.
His car collections include the:
- Rolls-Royce Phantom (204 million)
- Rolls-Royce Ghost (191 million – 247 million)
- Land Rover Range Rover (50 – 82 million)
- Lamborghini Gallardo (74.6 – 117.9 million)
8. Timaya – $10.5 million
Enitimi Alfred Odom is the real name of this well-known celebrity, and he was born on August 15th, 1980, in Port Harcourt, Rivers State.
When he founded the music group Dem Mama Soldiers, he began his singing and songwriting career.
In 2005, he launched his solo career with the release of his debut album, True Story. In 2008, it was followed by the album Gift and Grace.
Timaya rose to international prominence and recognition following the release of his third studio album, De Rebirth.
Timaya currently has six albums and numerous singles to her credit. Because he is the most popular artist in this genre, he is often referred to as the Dancehall King of Nigeria.
He earned enough money through singing to buy a large white house with large pictures on the walls, a swimming pool, large windows, and soft, colorful carpets.
Timaya’s net worth is estimated to be $10.5 million, so he can really afford it.
Timaya’s Houses and Automobiles
Timaya owns a mansion in Lekki, Lagos State, valued at $250 million. Timaya owns three Mercedes G-Wagons in various colors.
Timaya’s car collection is enviable, with other expensive rides in addition to the Benzs; see below:
- Porsche 911 Carrera (42 million units)
- 2 Range Rover Sports (84-90 million dollars)
- Mercedes-Benz G55 AMG (60 – 85 million)
- Mercedes-Benz GLE (20–22 million)
- Bentley Continental GT (76 million dollars)
- 2015 Lexus LX570 (29,000,000 – 39,000,000)
- Used Lexus GX 460 (25 to 42 million)
7. Phyno – $11 million
Phyno, the musician’s stage name, means “phenomenal.” The singer is a phenomenal personality because he possesses a wide range of abilities and desires.
The man aspired to be a pilot, a doctor, and a musician who could create his own renditions of every recording he heard.
Fortunately, he had chosen to become a musician, and it was the right decision that netted him $11 million and established Phyno as one of the world’s most well-known musicians.
Phyno’s Cars and Houses
Being one of the richest musicians in Nigeria, Phyno owns many extravagant assets such as a 3 bedroom duplex worth about N170 million at Chevy View Estate, Chevron Drive in Lekki another mansion at Enugu State.
He also owns expensive cars, including a Rolls Royce Phantom:
• Rolls-Royce Phantom (₦204m)
• Lamborghini Gallardo Spyder (₦74.6 million – ₦117.9 million)
• Polaris Slingshot (₦7.3 million)
• Bentley GT Coupe (₦72.7 million)
• Range Rover Sports (₦84 million – ₦90 million)
• Toyota Avalon (₦11 million)
Phyno’s Automobiles and Residences
As one of Nigeria’s wealthiest musicians, Phyno owns a 3 bedroom duplex worth approximately N170 million at Chevy View Estate, Chevron Drive in Lekki, and another mansion in Enugu State.
He also owns expensive automobiles, such as a Rolls Royce Phantom:
- Rolls-Royce Phantom (204 meters)
- Lamborghini Gallardo Spyder (74.6 – 117.9 million)
- Polaris Slingshot (7.3 million dollars)
- Bentley GT Coupe (72.7%)
- Range Rover Sports (84-90 million)
- Toyota Avalon (11 million units)
6. Olamide – $12 million
Olamide Adedeji is popularly known as Olamide in Nigeria (his other nicknames are Olamide Baddo and BaddoSneh). He is a rising star in the Nigerian hip-hop music industry.
On March 15, 1989, in Bariga, Lagos State, the singer was born. He is well-known for primarily recording in Yoruba, his native language.
His career took off in 2010 with the release of his single Eni Duro, followed by the release of his album Rapsodi in 2011. The successful album was followed by YBNL, Olamide’s second album, which featured a few hit singles that catapulted him to stardom in no time.
He currently has seven studio albums and appears on one compilation recording. He has received numerous awards, including an NEA, at the most prestigious Nigerian and African award ceremonies.
Olamide’s Residences and Automobiles | Richest Musicians In Nigeria 2023
With a net worth of $14 million, he is Nigeria’s sixth richest musician. Olamide owns two mansions in Lagos, one each in Lekki and Bariga, as well as a flashy garage filled with high-end vehicles such as:
Mercedes-Benz G Wagon (approximately 23 million)
Range Rover Sports V8 (84 to 90 million)
Rolls-Royce Phantom (204 million) used
Richest Musicians In Nigeria 2022 (Top 10) and Their Net Worth! Richest Musicians In Nigeria 2022 (Top 10) and Their Net Worth!! Richest Musicians In Nigeria 2022 (Top 10) and Their Net Worth!!!
5. 2Baba (2Face Idibia) – $16 million
2Baba, also known as 2Face, is a music industry legend in Nigeria. Ujah Idibia, better known by his stage names 2Face and 2Baba, is ranked fifth on the list of the most successful and wealthy Nigerian musicians.
This gifted man was born in Jos on September 18th, 1975.
The singer’s career began at the bottom: he performed at schools, then at universities. Furthermore, he had to discontinue his own education in order to focus on his career.
He worked hard and is now one of the most well-known Afropop musicians. He has released six albums since his debut album “Face 2 Face” was released in 2004.
2Face currently has endorsements from Glo and Campari, and he is said to own Rumours, a popular nightclub in Lagos.
His musical compositions earned him a number of awards, including the BET Award, the MTV Europe Music Award, and the Headies Award, as well as a net worth of $16.2 million today.
2baba Automobiles and Houses
2baba isn’t very open about his car collection, but here are the vehicles that have been photographed with 2Face:
- Chevrolet Corvette Coupe (45,000,000)
- Ferrari Coupe (57-80 million)
- Used Toyota Land Cruiser Prado (between $30 and $52 million)
Damini Ogulu, better known as Burna Boy, is a well-known Nigerian singer and songwriter. His 2012 single, Like to Party, catapulted him to fame. The singer signed with Bad Habit/Atlantic Records in 2017.
The singer’s current net worth is estimated to be $17 million. His earnings are generated by the sale of music, endorsement deals, and other investments.
Burna Boy’s Automobiles and Residences | Richest Musicians In Nigeria 2022
Burna Boy enjoys driving exotic cars. According to the award-winning musician, he purchased his first car when he was 17 years old. The vehicle was a Range Rover.
- Lexus is a brand
- Bentley & Co.
- G Wagon Mercedes-Benz
- Ferrari 458 Italia 2013
- Down Convertible by Rolls-Royce
3. Don Jazzy – $18.5 million
Don Jazzy, a famous Nigerian producer and singer, became wealthy and famous as a result of his musical talent, perseverance, and ability to interact with people.
Michael Collins Ajereh, his real name, was born on November 26th, 1982 in Umuahia, Abia State. Don Jazzy founded the record label Mo’Hits Records. It was founded as a result of a collaboration with D’Banj.
Don Jazzy and D’Banj parted ways in 2012, and Don Jazzy wasted no time. He soon announced the formation of a new label called Mavin Records.
The musician began working with celebrities such as Dr. SID, Tiwa Savage, Wande Coal, Reekado Banks, Korede Bello, Di’Ja, and many more.
Don Jazzy’s Houses and Automobiles | Richest Musicians In Nigeria 2022
Don Jazzy owns three mansions: one in Lekki, one in Banana Island, Lagos, and one in Los Angeles, California. He also drives exotic vehicles such as:
- Porsche 911 Carrera (42,000,000)
- Bentley Continental (25 million dollars)
- Cadillac Escalade (worth $27.2 million)
- Used Mercedes-Benz E350 (valued at $20 million)
2. Wizkid – $25 million
Wizkid is ranked first on our list of Nigeria’s top ten richest musicians and artists. Wizkid’s net worth is estimated to be $25 million USD.
Ayodeji Ibrahim Balogun, better known as Wizkid, was once a simple boy who loved to sing and possessed the talent and passion for music recording. On July 16, 1990, he was born in Surulere, Lagos State.
In addition, at the age of 11, he released a collaboration album with the group Glorious Five, which was formed in a church by him and his friends. He goes by the aliases StarBoy and Lil Prinz.
In 2010, he rose to prominence with the release of Holla at Your Boy, a song from his debut album Superstar.
Later, he released three mega-successful albums, as well as one compilation album, and even collaborated with famous music performer Drake on the hit song One Dance. This song was included in the Guinness Book of World Records.
As a result, Wizkid is the first Afrobeat musician whose name appears in this book. He also has numerous endorsement deals with companies such as Glo and Pepsi.
Wizkid’s Car and House Collections
Wizkid owns a 13 million dollar mansion in Surulere, Lagos, as well as another in Los Angeles. Among Wizkid’s automobiles are:
- Lamborghini Urus (80 million dollars)
- Porsche Panamera (worth $50.8 million)
- Pre-owned Mercedes-Benz G63 AMG (55-65 million)
- BMW X6 crossover (8.7 million units)
1. Davido – Net worth of $30 Million
David Adeleke, also known as Davido, is the second richest musician in Nigeria, with an estimated net worth of $30 million.
Omo Baba Olowo (OBO) has made headlines in the last year after signing several lucrative endorsement deals.
In addition, the musician has gone on several local and international tours in the last two years, all of which have been sold out.
Some of his hit singles include IF and Fall, which have received over 60 million views on YouTube. In fact, the singer revealed that he has made more than a million dollars from the ‘pon pon’ sound.
His endorsement deals include AXE, a popular perfume brand, Infinix, a well-known mobile phone manufacturer, and many others.
There have recently been rumors that Davido has purchased a Bombardier Jet. Although this has yet to be confirmed, there was another intriguing story indicating the amount of money at his disposal.
More information on Davido
Davido made headlines in April 2018 when he spent N45 million on a brand new Porsche for his girlfriend, Chioma, on her birthday.
Davido rose to prominence in 2011 with the release of his hit single “Dami Duro,” which was well-received throughout Nigeria.
In 2012, he released his debut album, ‘Omo Baba Olowo.’ Popular songs on the album included “Back When” featuring Naeto C, “Dami Duro,” “All of You,” “Overseas” featuring Sina Rambo, “Ekuro,” “Gbon Gbon,” and “Feel Alright” featuring Ice Prince.
Davido is a co-owner of HKN Music with his elder brother Adewale Adeleke (a record label home to Sina Rambo, B. Red, and DeeKay). He is also a record producer, having worked with artists such as Naeto C, Skales, Tiwa Savage, and Sauce Kid.
He signed an endorsement deal with MTN Nigeria in April 2012. This transaction was said to be worth more than N30 million. As a result, Davido was named the face of MTN Pulse, a marketing campaign aimed at Nigerian youths.
Davido collaborated with Guinness Nigeria for the “Guinness World of More” concert in October 2013. Davido performed alongside P-Square, D’banj, Wizkid, Ice Prince, Burna Boy, Olamide, Phyno, Chidinma, Waje, and Tiwa Savage at the Guinness World of More Concert.
Over the last five years, Davido has released chart-topping singles such as “Gobe,” “One of a Kind,” “Skelewu,” “Aye,” “Tchelete (Goodlife)” with Mafikizolo, “Naughty” with DJ Arafat, “Owo Ni Koko,” “The Sound,” and “The Money” with Olamide.
Davido signed a record deal with Sony Music in 2016. Davido Music Worldwide is the musician’s own label (DMW). The label currently represents Dremo and Mayorkun.
Davido’s Automobiles and Residences
Davido owns two mansions in Lekki, Lagos, and one in Georgia, USA. Davido’s car collection is impressive, including:
- 2019 Rolls-Royce Cullinan (350 million)
- Bentley Bentayga (108 million dollars)
- Bentley Continental GT (95 million dollars)
- Porsche Panamera Turbo S (priced at $22.8 million)
- Range Rover Sports (84-90 million)
- Land Rover Range Rover SV Autobiography (98 million)
- 9.4 million Chevrolet Camaro GS
- Audi R8 (23,4 million)
- Audi Q7 (approximately 12 million)
- Mercedes-AMG GLS63 (45 million dollars)
- Mercedes G-Wagon (21,000,000)
- Toyota Land Cruiser (approximately 30 million) a Porsche, a Range Rover Sport, and a Chevrolet Camaro
Richest Musicians In Nigeria 2023! Richest Musicians In Nigeria 2023!! Richest Musicians In Nigeria 2023!!!