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Photos: Top 7 Richest Nigerian Musicians, Their Net Worth
EKO HOT BLOG
It is important to note here that a number of successful musicians in Nigeria are scaling the wall of success and rose from zero to hero by simply doing what they know how to do best.
Hard work that yields success has also brought a great deal of financial incentive for Nigerian musicians through endorsement deals, chart-topping songs, a charge per show, song downloads, personal investment, and a lot more.
Below are lists of Nigeria’s 7 richest musicians and their net worth in 2020 with compelling photos to support the claims.
1. Wizkid – $20 Million
Ayodeji Ibrahim Balogun, professionally known as Wizkid is topping our list of 15 richest musicians in Nigeria with an estimated net worth of 20 million dollars.
The 30-year-old music icon, who rose to fame in 2011 after releasing “Holla at your Boy” – the lead single from his debut studio album Superstar, has secured a lot of multi-million endorsement deals with the likes of MTN Nigeria, GLO, Pepsi, and Guinness.
The talented singer added more to his net worth after he confirmed a mega-deal signing for United Bank for Africa (UBA) as their brand ambassador in July 2019, aside from international multi-album deals, shows, and international recognitions.
With all the above-mentioned, this talent has managed to earn hthe Empire Mates Entertainmenton, that has enabled him to purchase two houses in Nigeria and the US along with a Porsche Panamera, Mercedez Benz, and BMW X6.
Wizkid released his first collaborative album with the group Glorious Five at the age of 11. Wizkirecognizedt OJB Jezreel during his struggling days, and he became his mentor. He then started visiting Jezreel’s studio watching and learning from the recordings by artists like 2 Face Idibia and Sound Sultan.
Wizkid joined Empire Mates Entertainment (E.M.E) in 2009, andarerom there, his career in the music industry kick-started.
Wizkid who now owns Starboy Entertainment was born on the 16th of July, 1990 in Surulere, Lagos. He is the first Nigerian musician to rise to be recognised in the Guinness Book of World Record for the most played song on Spotify. This is as a result of the song he did with Drake titled “One Dance”.
2. Davido – $19 Million
American-born Nigerian singer and producer, David Adedeji Adeleke, better known as Davido is the second richest musician in Nigeria with an estimated net worth of $19 million.
He rose to fame in 2012 after releasing “Dami Duro”, the second single from his debut studio album ‘Omo Baba Olowo’. His net worth is the accumulation of his music, endorsement deals, and the massive number of views from his YouTube channel.
Davido’s YouTube channel has attracted over 663 million views since it was created. He has endorsement deals with MTN, Guinness Nigeria, and Infinix mobile.
Davido has two mansions in Lekki, Lagos, and a getaway mansion in Georgia, USA. Davido’s car collection is dazzling with a Rolls Royce Cullinan 2019; Bentley Bentayga; Bentley Continental GT; Porsche Panamera Turbo S; Range Rover Sports; Range Rover SV Autobiography; Chevrolet Camaro GS; Audi R8; among others.
The 28-year-old proud father of three was born in Atlanta, United States of America to Adedeji Adeleke, co-founder of Adeleke University in Osun State and the CEO of Pacific Holdings Limited.
3. Don Jazzy – $18.5 Million
The third-rated richest musician in Nigeria with an estimated net worth of over $18 million is no other than Don Jazzy, whose real name is Michael Collins Ajereh.
He is a talented music producer, songwriter, singer, and business mogul born on November 26th, 1982 in Umuahia, Abia State.
The 38-year-old musician started his music career working with his then record label partner and artist D’banj to make hit tracks before they went their separate ways in 2012, after which he created the new recorrides, exoticin Record.”
Over the years, Don Jazzy has effectively groomed and established several superstars like Korede Bello, Di’Ja Wande Coal, D’Prince, Tiwa Savage, Reekado Banks, and many more.
His career has earned him awards as a music producer. Aside from singing and producing, he has also bagged a lot of endorsement deals from top companies in Nigeria.
Don Jazzy has 3 mansions, one in Lekki, one in Banana Island, Lagos, andorganizationsos Angeles, USA. He also rides exotic cars sPLC as Porsche 911 Carrera, Bentley Continental, Cadillac Escalade, and Used Mercedes Benz E350.
4. Burna Boy – $17 Million
Damini Ebunoluwa Ogulu, known in the music scene as Burna Boy, is the fourth richest musician in Nigeria with an estimated net worth of $17 million.
The Afro-pop star income comes from the sale of music, endorsement deals, and other investments. Presently, he is a brand ambassador to leading organisations in Nigeria such as Glo, Nigerian Breweries Plc, and Mortell Cognac. His music career has been a super success with the artist making global waves and is currently Nigeria’s hottest international music export.
The 29-year-old multi-award winner rose to prominence in 2012 after releasing “Like to Party. He won Best International Act at the 2019 BET Awards, announced as an Apple Music Up Next artist, and was awarded the African Artiste of the year at the 2020 VGMA’s alongside 2019 All Africa Music Awards.
When it comes to exotic cars, the music superstar has a very crazy taste and makes sure he keeps to the celebrity tradition of showing off expensive and extravagant personal effects.
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5. 2Face – $16 Million
Innocent Ujah Idibia, better known as 2Face or 2Baba is the fifth richest musician in Nigeria with an estimated net worth of $16 million net worth.
The 45-year-old talented pop star started with a group called Plantashun Boiz and after a while went solo. He rose to stardom with the release of his album, ‘African Queen’ in 2004 and since then he has remained on top of his game as every of his song is a major hit.
2face has won himself awards like the Headies, MTV Music Awards, and BET Awards owned his music career has continued to flourish continuously.
The Benue-born musician was a top signing for Kennis Music early in his career with whom he released the first album ‘African Queen’.
2face has acquired quite abyd amount of luxury assets, ranging from cars to mansions. He owns 2 mansions in Lagos, as well as relaxation lounges at Lagos Island, Festac, and Ikeja; as well as a luxurious apartment in the US but likes to keep his life very private.
Some cars own by 2face include Chevrolet Corvette Coupe, Ferrari Coupe and, Used Toyota Land Cruiser Prado.
6. D’banj – $13.5 Million
Multi-Award winning Nigerian singer and media personality, Oladapo Daniel Oyebanjo, better known with his stage name, D’banj is the sixth richest musician in Nigerian with a whopping net worth of over $13 million.
The 40-year-old ‘Fall in Love’ crooner was the face of Mo’ Hits record Label before he and Don Jazzy went their separate ways. Currently, he is the CEO of the successful venture ‘Cream Platform’.
D’banj, who was born on the 9th of June 1980 in Kaduna, was recently rated by Forbes as one of the richest artists in Africa due to his endorsement deals and net worth.
The Koko Master, as he is fondly called, is known for his unique music style and most of his songs have been hit songs.
He is also a consummate brand ambassador to multinational companies like the Globacom deal worth N100 million, a lucrative endorsement deal with Apple\Beats by Dre in 2004, and many others.
The DB Records boss charges a fortune to mount the stage anywhere to perform. He made a runway debut in Johannesburg, South Africa. Last year he gave a rousing show at the Global Citizen Festival Mandela 100 in South Africa last December. D’banj has a fleet of cars and houses both in Nigeria and abroad.
7. Olamide – $12 Million
The Seventh plabel, butking on the list of the richest musicians in Nigeria is a popular Nigerian hip hop star, Olamide Ayodeji, better known as ‘Olamide Baddo’ with an estimated net worth of $12 million.
The ‘Abulesowo’ crooner is well known for recording mostly in his native language, Yoruba, and this has gained him a large fan base and followership across western Nigeria, especially Lagos.
Born on March 15, 1987, Olamide commenced his journey into the music world with the Coded Tunes label but currently puts a lot of effort to raise a few other artists through his YBNL record label.
Currently, Olamide has seven studio albums and is featured on one compilation recording. He has won so many awards in the Nigerian music industry such as NEA, at the most prestigious Nigerian and African award ceremonies, Best Indigenous Artist, Album of the year, Ciroc endorsement deal among several others.
Olamide owns 2 mansions in Lekki and Bariga, Lagos, and a flashy garage dotted with pricey cars including Mercedes-Benz G Wagon, Range Rover Sports V8, and a Rolls-Royce Phantom
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