Nigeria is home to some of the most successful and wealthy musicians. These musicians have made a name for themselves globally with their talent and hard work. Their talent and hard work continue to top the charts. From legendary icons to rising stars, the richest musicians in Nigeria are taking the music industry by storm.
In compiling the list of the richest musicians in Nigeria, we used recorded net worth estimates, acknowledging that rankings may change with new developments. This list was crafted with data and insights from trusted sources such as Celebrity Net Worth to ensure accuracy and relevance in showcasing their wealth.
Top richest musicians in Nigeria
Most of the richest musicians in Nigeria discovered their talents before their teenage years. Some knew from childhood that they would become musicians. Others wanted different careers growing up but settled on music in high school or college. This list of the richest Nigerian musicians unveils some of their cars and houses.
| Rank | Name | Net worth |
| 1 | Davido | $100 million |
| 2 | D’banj | $40 million |
| 3 | Kizz Daniel | $16 million |
| 4 | Paul Okoye (Rudeboy) | $16 million |
| 5 | Timaya | $14 million |
| 6 | Burna Boy | $12 million |
| 7 | Olamide | $12 million |
| 8 | Don Jazzy | $10 million |
| 9 | Tiwa Savage | $10 million |
| 10 | Phyno | $10 million |
32. Runtown – $800k
- Full name: Douglas Jack Agu
- Occupation: Singer, producer, and songwriter
- Born: 19 August 1989
- Birthplace: Enugu, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, endorsements, and licensing fees
Runtown moved from Enugu to Abuja after his father’s death. He ventured into music in 2007 but released his first track, Runtown, in 2010. The singer studies at a fashion school in New York.
Singer Runtown’s net worth is $800k. He has signed several multi-million contracts with famous brands, including Adidas and Telcos. He has a beautiful house and was the first Nigerian artist to buy a new Lamborghini in 2017.
31. Ayra Starr – $1 million
- Full name: Oyinkansola Sarah Aderibigbe
- Occupation: Singer and songwriter
- Born: 14 June 2002
- Birthplace: Cotonou, Benin
- Source of wealth: Music sales, streaming revenue, live performances, modelling and brand endorsements
Ayra Starr was a model in Lagos before her music career. She modelled for Mazelle Studio, Complete Fashion Magazine, and Esperanza Woman campaigns.
Her breakthrough came after signing with Mavin Records in 2020, and she has since released several hit tracks like Away, Bloody Samaritan, and Rush. Ayra Starr’s net worth is estimated to be around $1 million.
30. Harrysong – $1.5 million
- Full name: Harrison Tare Okiri
- Occupation: Singer, songwriter, and instrumentalist
- Born: 30 March 1981
- Birthplace: Wari, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, and licensing fees
Harrysong, known for hits like When She Loves and Better Pikin, gained fame after releasing a tribute song to Nelson Mandela. The song became the most downloaded caller tune and won The Headies Award in 2013.
He signed with E-Money’s Five Star Music label after meeting Kcee in 2007. Harrysong released his debut album, Testify, in 2012 and later collaborated with Olamide on I’m in Love Remix.
He is one of Nigeria’s wealthiest musicians, with a net worth of $1.5 million. Harrysong owns a mansion in Lekki, Lagos, and a car collection includes a Mercedes-Benz S-Class, Hummer H2, Range Rover Supercharged, and BMW X6.
29. Flavour – $2 million
- Full name: Chinedu Izuchukwu Okoli
- Occupation: Singer, songwriter, and multi-instrumentalist
- Born: 23 November 1983
- Birthplace: Enugu, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, and licensing fees
Izuchukwu Okoli began his music journey as a church drummer at age 13 and became a professional drummer in 1999 after earning a music scholarship.
He later mastered the keyboard and released his debut album in 2005. His song Ada Ada gained significant recognition, earning a nomination for Best Music Video at the 2014 MTV Africa Music Awards.
With a net worth of $2 million, Flavour ranks as one of Nigeria’s richest musicians. He has been a brand ambassador for MTN and Nigeria Breweries’ Life Beer and energy drinks.
Living in Lagos, Flavour owns a luxurious home and purchased a house for his mother. He also has an impressive car collection: a Lexus LX 570, a 2014 Mercedes Benz G63, a 2014 Range Rover Vogue, and a BMW X6.
28. Teni – $2.1 million
- Full name: Yemi Eberechi Alade
- Occupation: Singer and songwriter
- Born: 23 December 1992
- Birthplace: Lagos, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, and licensing fees
Teniola Apata is known for her hit singles, such as Askamaya. She gained fame in 2017 after a freestyle went viral, and in 2018, Askamaya ranked 15th on MTV Base’s Top 20 Hottest Naija Tracks.
Teni initially signed with Shizzi’s Magic Fingers Records and later joined Dr. Dolor Entertainment. She owns a luxurious house and car collection, including a Lexus LX 570 and Mercedes-Benz G-Wagon SUV. Teniola Apata’s net worth is alleged to be $2.1 million.
27. Tekno – $2.7 million
- Full name: Augustine Miles Kelechi
- Occupation: Singer and songwriter
- Born: 17 December 1992
- Birthplace: Bauchi, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, endorsements, and licensing fees
When he enrolled in a music school, Tekno was eight years old and learned to play the piano and guitar. Because his dad worked for the Nigerian army, he grew up in different parts of the country, including Nassarawa State, Abuja, and Kaduna State.
Tekno signed into Made Men Music Group in 2013 and released beautiful hit tracks. The rest is history and a tough journey of hard work. He has endorsed brands like MTN (with an N18 million deal) and signed a $1.7 million record deal with Sony Music in 2016.
His car collection includes a Black Range Rover HSE, Lamborghini Aventador, Bentley Continental GT, Mercedes-Benz S550 Coupe, Unlimited Rubicon Jeep Wrangler, and a 2015 BMW X6. Tekno’s net worth is alleged to be $2.7 million.
26. Chidinma Ekile – $2.8 million
- Full name: Chidinma Ekile
- Occupation: Gospel singer and songwriter
- Born: 2 May 1991
- Birthplace: Ikeja, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, endorsements, and licensing fees
Chidinma Ekile is a renowned gospel singer and songwriter with a net worth of $2.8 million. She gained fame after winning the 2010 Project Fame West Africa competition, which awarded her an N2.5 million Toyota RAV4 and a music production deal.
Known for hits like Kedike, she has collaborated with various artists and ventured into acting with her role in The Bridge. She is also a former brand ambassador for Kimya Holdings and MTN.
Chidinma’s impressive car collection includes a Range Rover Sport, Hummer H2, Range Rover Evoque, Toyota Highlander, and Toyota Camry.
25. Duncan Mighty – $3 million
- Full name: Duncan Wene Mighty Okechukwu
- Occupation: Singer and music producer
- Born: 28 October 1983
- Birthplace: Port Harcourt, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, and licensing fees
Duncan has produced great hits like Hand of Jesus and Don’t Give a Shot. Some of his best albums are Koliwater (2008), Footprints (2012), and The Certificate (2016).
Singer Wene Mighty’s net worth of $2.5 million also makes him one of Nigeria’s richest musicians. Duncan owns mansions and properties countrywide, including Abuja and Lagos, but he lives in a luxurious house in Port Harcourt.
24. Peter Okoye – $3 million
- Full name: 18 November 1981
- Occupation: Singer and record producer
- Born: 26 November 1982
- Birthplace: Jos, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, and licensing fees
Peter Okoye (alias Mr. P) and twin brother Paul Okoye (alias Rudeboy) rose to fame in the early 2000s as the P-Square duo. They co-established Square Records and produced tracks through the label.
Singer Peter Okoye’s net worth of $3 million makes him one of the richest musicians in Nigeria. He has signed numerous endorsement deals, including Glo, Empire Records, and Olympic Milk. Additionally, Peter owns the PClassic Label, which has signed DJ Switch.
23. M.I. Abaga – $3.9 million
- Full name: Jude Lemfani Abaga
- Occupation: Rapper and record producer
- Born: 4 October 1981
- Birthplace: Jos, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, endorsements, and licensing fees
M.I. Abaga is considered the rap god of Nigeria. He loved music growing up and developed a passion for poetry while studying Business and Economics at Calvin College in the US.
The star was the CEO of the Chocolate City label from 2015 to 2019. His other famous hits are One Naira, Your Father, Bad Belle, and Anti. Singer Lemfani’s net worth is $3.9 million, and he has endorsed many brands, including GLO Mobile. M.I. Abaga’s cars include Mercedes G wagons and Bentley Continental GT.
22. 9ice – $4 million
- Full name: Alexander Abolore Adegbola Akande
- Occupation: Singer, songwriter, and dancer
- Born: 17 January 1980
- Birthplace: Oyo, Nigeria
- Spouse: Olasunkanmi Ajala (2019 to present)
- Children: Zion Akande, Michelle Abolanle Akande, Maya Akande, and Miya Akande
- Source of wealth: Royalties, advances, playing live, music streaming sites, and licensing fees
9ice came from a polygamous family and grew up in Bariga, Lagos. He dropped out of Lagos State University to pursue music, a passion his parents supported when they saw his love for music at age 14.
9ice released his first demo, Risi de Alagbaja, in 1996 and his first official single, Little Money, in 2000. He has since released several albums, including Tradition (2009), Gongo Aso (2008), and Greatest of All Times > G.O.A.T. (2018).
9ice’s net worth is alleged to be $4 million. He owns a mansion in Lekki, Lagos, and a car collection that includes a Mercedes-Benz C-Class, Ferrari, Range Rover Sport, and Mercedes-Benz G-Wagon.
21. Wizkid – $4 million
- Full name: Ayodeji Ibrahim Balogun
- Occupation: Singer, songwriter, and record producer
- Born: 16 July 1990
- Birthplace: Surulere, Ikeja, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, endorsements, and licensing fees
Singer Wizkid gained popularity the same year after releasing Holla at Your Boy in his 2011 debut album Superstar. His song with Drake, One Dance, appeared in Guinness World Records, and he was the first African artist to have over a million followers on X (Twitter).
Wizkid’s net worth is alleged to be $4 million. He has a mansion in Los Angeles and an N3 million home in Surulere, Lagos. The artist also owns luxurious automobiles, such as a Lamborghini Urus, Porsche Panamera, Mercedes-Benz G63 AMG, and BMW X6 Crossover.
20. Yemi Alade – $5 million
- Full name: Yemi Eberechi Alade
- Occupation: Singer, songwriter, actress, and activist
- Born: 13 March 1989
- Birthplace: Abia, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, and licensing fees
Yemi Eberechi is one of the top 20 richest musicians in Nigeria, with a net worth of $5 million. After winning the Peak Talent Show in 2009, she got signed with Effyzzie Music Group.
Her 2014 debut album, King of Queens, featuring hits like Johnny, made her a continental sensation. In 2015 and 2016, she released her second album, Mama Africa.
She received nominations for the BET Awards and MTV Europe Music Awards, becoming the first female Nigerian artist nominated for Best African Act.
Though she keeps her residence private, Yemi flaunts a luxury car collection, including a Lexus GX 460, Lamborghini Huracán, Mercedes-Benz G-Wagon, Toyota Prado SUV, and Toyota Tundra Truck.
19. Young Jonn – $5 million
- Full name: John Saviours Udomboso
- Occupation: Singer, songwriter, and dancer
- Born: 16 February 1995
- Birthplace: Ibadan, Nigeria
- Source of wealth: singer, songwriter and record producer
Young Jonn is renowned for producing hits for top Nigerian artists such as Olamide, Davido, and Lil Kesh. His notable production works include Shakiti Bobo by Olamide and Mama by Kiss Daniel.
In recent years, he has transitioned into performing with popular songs like Dada and Xtra Cool. Young Jonn’s net worth is estimated to be $5 million.
18. Wande Coal – $5 million
- Full name: Oluwatobi Wande Ojosipe
- Occupation: Singer and songwriter
- Born: 18 October 1985
- Birthplace: Lagos Island, Lagos, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, and licensing fees
Wande Coal sings the R&B Afro-pop genre. He was in his church’s teenage choir and got his first break in the industry as a dancer. Don Jazzy’s Mo’ Hits Records signed him up in 2006. Wande was featured on D’banj’s Rundown/Funk You Up album.
Since Wande Coal is a brilliant stage performer, there is never a dull moment at his shows and concerts. He bought his friend and manager, Nana Abbey, an E200 Kompressor Mercedes Benz.
He is one of the most influential musicians in Nigeria, with a net worth of $5 million. Oluwatobi Wande bought a Ferrari in 2016.
17. Falz – $5 million
- Full name: Folarin Falana
- Occupation: Rapper, songwriter, and actor
- Born: 27 October 1990
- Birthplace: Mushin, Lagos
- Source of wealth: Royalties, advances, live performances, music streaming sites, endorsements, and licensing fees
Flaz is the only child of his parents, who are lawyers and human rights activists. He has produced at least four albums: Wazup Guy (2014), Stories that Touch (2015), 27 (2017), and Moral Instruction (2019). The singer has also appeared in several films, including Jenifa’s Diary and Tinsel.
Star Folarin Falana’s net worth is $5 million. He became one of the richest musicians in Nigeria through endorsement deals, record sales, and the purchase of assets. Falz’s cars include a Rolls-Royce Phantom, Lexus LX 570, Vintage Mercedes-Benz and a Car gift from Cheki.
16. Ice Prince – $5 million
- Full name: Panshak Henry Zamani
- Occupation: Singer, songwriter, rapper, and actor
- Born: 30 October 1986
- Birthplace: Minna, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, endorsements, and licensing fees
Singer Ice Prince was the vice president of Chocolate City from 2015 to 2016. He has recorded many hits, including I Swear ft. French Montana, Superstar, and Aboki. The singer also played a guest role on Shuga Season 3 in 2013 and the lead role of Tony in House of Gold.
Singer Ice Prince is worth $5 million. In 2013, he created the Fir of Zamani (FOZ) clothing line, the Super Cool Cats label in 2015, and a glass line called Superfly.
The star has had many endorsement deals and even rejected an N100 million deal from Globalcom. His cars include Lamborghini, Range Rover Sports, Bentley GT Coupe, and Mercedes-Benz GL 12CB.
15. Patoranking – $5 million
- Full name: Patrick Nnaemeka Okorie
- Occupation: Singer and songwriter
- Born: 27 May 1990
- Birthplace: Ijegun, Lagos, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, and licensing fees
The Nigerian Reggae-dancehall star has released several hits and won awards, including the AFRIMA awards. Patoranking worked for Dem Mama Records and Foston Musik before becoming an independent artist.
Singer Patoranking’s net worth is $5 million. He also participates in scholarship programs for children. His house is located in the elite Metro Garden, Lekki. Some of his cars include a Porsche 911, Mercedes Benz G55, Mercedes G Wagon and 2014 Range Rover SUV.
14. KCee – $5.1 million
- Full name: Kingsley Chinweike Okonkwo
- Occupation: Singer and songwriter
- Born: 18 April 1979
- Birthplace: Ajegunle, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, endorsements, and licensing fees
KCee is one of Nigeria’s wealthiest musicians, with a net worth of $5.1 million. Starting from a humble background, he ventured into music inspired by his DJ father. He gained fame as part of the duo Kc Presh, which won the 2002 Star Nigeria music competition.
After they split in 2011, KCee launched a solo career under his billionaire brother E-Money’s Five Star Music. In 2013, he signed a multi-million endorsement deal with MTN and renewed it in 2015. He also served as a Peace Ambassador of Nigeria.
KCee owns luxury mansions in Lagos and his Anambra village, Uli, and an impressive car collection, including a Toyota Land Cruiser, Mercedes-Benz G-Wagon, BMW 7 Series, and Range Rover Sport.
13. 2Baba (2Face) – $5.9 million
- Full name: Innocent Ujah Idibia
- Occupation: Singer, songwriter, record producer, entrepreneur, and philanthropist
- Born: 18 September 1975
- Birthplace: Jos, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, selling merchandise, endorsements, and licensing fees
2Face’s music career began during his University days in Enugu. He launched his debut solo album in 2004 after the band broke up and the second one in 2006.
Singer Ujah’s net worth of $5.9 million makes him one of the most successful musicians in Nigeria. He has released six albums since 2004. He owns a five-bedroom duplex at Richmond Gate Estate and a home on Banana Island worth over N400 million.
He drives luxury, vintage, and sports cars, including a Chevrolet Corvette and a Ferrari coupe.
12. Reminisce – $7 million
- Full name: Remilekun Khalid Safaru
- Occupation: Singer, songwriter, rapper, and actor
- Born: 26 January 1981
- Birthplace: Kaduna, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, endorsements, and licensing fees
Reminisce recorded his first album in 2006 while signed at Coded Tunes. He sings in English and Yoruba. The rapper studied Purchase and Supply at the Kwara State Polytechnic.
His success in music is credited to his hard work and creativity. Reminisce has released several hits after hits. In 2014, America’s Times magazine mentioned him on its World Rappers You Should Meet list.
Singer Reminisce’s net worth is estimated to be $7 million. He was a Samsung phone brand ambassador. Reminisce bought a 2017 Lexus SUV, has a mansion in Ikorodu, Lagos State, and posts more cars on social media.
11. Banky W – $9 million
- Full name: Olubankole Wellington
- Occupation: Singer, rapper, actor, entrepreneur, and politician
- Born: 27 March 1981
- Birthplace: New York, United States
- Source of wealth: Royalties, advances, live performances, music streaming sites, endorsements, and licensing fees
Banky W, a dual citizen of Nigeria and the USA, is a renowned singer and actor known for his roles in The Wedding Party, Shuga, and Jacob’s Cross. In 2009, he founded E.M.E Records, releasing four studio albums and an EP before closing the label in 2018.
Banky W has landed lucrative endorsement deals with Coca-Cola, Airtel, Microsoft, Samsung, and Ciroc Vodka. After stepping away from music production, he pursued brand marketing, advertising, and promotion.
He owns a luxurious duplex in Lekki with a swimming pool and drives a Toyota Landcruiser Prado, Rolls Royce Phantom, and Range Rover 2008 Edition. Banky W’s net worth is alleged to be $9 million.
10. Phyno – $10 million
- Full name: Chibuzor Nelson Azubuike
- Occupation: Singer, producer, songwriter, and rapper
- Born: 9 October 1986
- Birthplace: Enugu, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, endorsements, and licensing fees
Phyno means phenomenal and reflects the singer’s exceptional personality. He is a man of many talents and desires. Phyno wanted to be a pilot or doctor but did not regret being a musician.
Singer Phyno’s net worth of $10 million comes from music and endorsements. He has worked with Nairabet, Nigeria breweries, and Airtel.
9. Tiwa Savage – $10 million
- Full name: Tiwa Savage
- Occupation: Singer, songwriter, and actress
- Born: 5 February 1980
- Birthplace: Lagos Island, Lagos, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, endorsements, and licensing fees
Tiwa Savage moved to England at age 11, earning a Business Administration degree from Kent University and attending Berklee College of Music. She gained recognition after participating in The X Factor (UK) and signed with Sony/ATV Music Publishing in 2009.
With a net worth of $10 million, Tiwa is one of Nigeria’s highest-paid artists, performing at events like the coronation concert of King Charles III and Queen Camilla.
Tiwa owns a N75 million mansion in Lekki and an impressive car collection, including a Rolls Royce Phantom, Bentley Bentayga, and Mercedes-Benz Sprinter.
8. Don Jazzy – $10 million
- Full name: Michael Collins Ajereh
- Occupation: Singer, producer, entrepreneur, and comedian
- Born: 26 November 1982
- Birthplace: Umuahia, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, and licensing fees
Music producer Don Jazzy’s net worth is alleged to be $10 million. In May 2012, the artist created Mavin Records and released an album featuring artists signed to the label. He later signed Tiwa Savage.
The record now has Ladipoe, Ayra Starr, Rema, Koredo Bello, Reekado Banks, and other renowned Nigerian musicians. Don Jazzy charges N50000 or more to produce a song.
He owns mansions in Lekki, Banana Island, and Los Angeles. The Nigerian superstar drives expensive vehicles such as the Bentley Continental Flying Spur, Lexus LX570, and Toyota Prado SUV.
7. Olamide – $12 million
- Full name: Olamide Gbenga Adedeji
- Occupation: Singer, record producer, and rapper
- Born: 15 March 1989
- Birthplace: Bariga, Ikeja, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, endorsements, and licensing fees
Olamide is among the most loved hip-hop superstars in Nigeria. He mostly records songs in his native language, Yoruba. Singer Gbenga Adedeji’s net worth is about $12 million.
He was the first Nigerian celebrity to sign an endorsement deal with Ciroc. He has also endorsed several brands and charges N2 million to N4 million per show.
The singer has an N70 million mansion in Lekki, Lagos. The N25 million home in Bariga, Lagos (near one of his filling stations). He has two filling stations in Lagos and a fleet of automobiles. Some of Oleamide’s cars include the Rolls Royce Phantom, Land Rover Range Rover V8 and Mercedes-Benz G-Class.
6. Burna Boy – $12 million
- Full name: Damini Ebunoluwa Ogulu
- Occupation: Singer, songwriter, and performing artist
- Born: 2 July 1991
- Birthplace: Port Harcourt, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, and licensing fees
Singer Burna Boy’s net worth is about $12 million, making him among the top 10 richest musicians in Nigeria on this list. The artist has at least five albums and numerous hit singles. Additionally, he has received three BET awards (2019, 2020, 2021) and one Grammy award (2021).
In 2020, the singer bought an 8-bedroom mansion worth about N500 million in Lekki. Fans have spotted him rides such as Bentley Continental GT, Mercedes Benz S Class and Mercedes Benz G Wagon.
5. Timaya – $14 million
- Full name: Inetimi Timaya Odon
- Occupation: Singer and songwriter
- Born: 15 August 1980
- Birthplace: Port Harcourt, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, and licensing fees
Singer Timaya’s net worth is estimated at $14 million. Odon has two properties in Port Harcourt and one in Lagos. The Lagos property is worth N500 million, while one of the properties reportedly costs N100 million.
He is believed to have also invested in hotels and other estates countrywide. Timaya owns several high-end automobiles, including the 2019 Rolls-Royce Cullinan, Porsche 911 Carrera, and Mercedes-Benz G55 AMG.
4. Paul Okoye (Rudeboy) – $16 million
- Full name: Paul Okoye
- Occupation: Singer and record producer
- Born: 18 November 1981
- Birthplace: Jos, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, and licensing fees
Rudeboy has been in the Nigerian music industry for over two decades. The singer and his identical twin brother, Peter Okoye, rose to stardom in the 2000s as the P-Square band.
Singer Paul Okoye’s net worth is $16 million. He released two singles in 2017 and one in 2018 and established the Fire Department Inc. label in 2019. Some of the cars Paul cruises around are Bentley Bentayga, Mercedes-Benz GLE43 AMG 4MATIC Coupe and Lamborghini Aventador Roadster.
3. Kizz Daniel – $16 million
- Full name: Oluwatobiloba Daniel Anidugbe
- Occupation: Singer and songwriter
- Born: 1 May 1994
- Birthplace: Oyo, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, and licensing fees
Kizz Daniel (formerly known as Kiss Daniel) developed an interest in music at age 11 and became a renowned international artist. Kizz Daniel signed a record deal with G-worldwide Entertainment in 2013 but left a few years later due to a public contract dispute and court case.
In November 2017, Kizz Daniel established Fly Boy Inc. Record. The singer’s net worth is $16 million. He has several hits and a huge following.
His car collection includes the Bentley Continental GT, Mercedes-Benz S65 AMG, Mercedes-Benz AMG GLE 63S Coupe and Ford Mustang. Kizz Daniel’s net worth is alleged to be $16 million.
2. D’banj – $40 million
- Full name: Oladapo Daniel Oyebanjo
- Occupation: Singer, producer, rapper, and businessman
- Born: 9 June 1980
- Birthplace: Zaria, Nigeria
- Source of wealth: Royalties, advances, live performances, music streaming sites, endorsements, and licensing fees
D’banj is not a new name on any list of the top richest musicians in Nigeria. Oyebanjo collaborated with Kanye West on his 2011 album, Good Music, and performed his single, Top Of The World, at the 2013 African Cup of Nations’ closing ceremony in South Africa.
The star’s net worth is about $40 million. In addition to music earnings and money generated from DB records, the singer has endorsed Power Fist, Globacom, Bank of Industry, Heritage Bank, Beats by Dre, Ciroc, and SLOT.
Oyebanjo owns a mansion in Ikoyi, Lagos, and a $25-million home in Lekki, Lagos. He also loves bikes and posh cars. His collection includes a Rolls-Royce Phantom, a Bentley, a Dbanj Ferrari F430, and a Mercedes-Benz Amg GT.
1. Davido – $100 million
- Full name: David Adedeji Adeleke
- Occupation: Singer, songwriter, and record producer
- Born: 21 November 1992
- Birthplace: Atlanta, Georgia, United States
- Source of wealth: Royalties, advances, live performances, music streaming sites, endorsements, and licensing fees
Davido released his debut single in October 2011 and his first album in July 2012. His career peaked when he launched the Davido Music Worldwide label (in partnership with Sony Music Africa) in 2016.
Davido’s net worth of $100 million makes him the richest artist in Nigeria. He has a mansion in Georgia, USA, and two homes in Lagos, Nigeria. Davido owns a Bombardier Global 6000 private jet. The Nigerian star has numerous car collections, such as a Rolls-Royce Cullinan 2019 and a Lamborghini Aventador S Roadster.
Who are the top 10 richest musicians in Nigeria?
Among Nigeria’s top 10 wealthiest musicians are Davido, D’banj, Kizz Daniel, Paul Okoye (Rudeboy), Timaya, Burna Boy, Olamide, Don Jazzy, Tiwa Savage and Phyno.
Who are the top 10 richest musicians in Africa?
According to Boomplay Music, some of the richest African musicians include Akon, Black Coffee, Hugh Masekela, Don Jazzy, Tinashe, Jidenna, Wizkid, Davido, Sarkodie, and Oliver Mtukudzi.
Who are the top 10 richest in Nigeria?
According to Pulse Nigeria, some of Nigeria’s richest people include Aliko Dangote, Abdul Samad Rabiu, Mike Adenuga, Arthur Eze, Cletus Ibeto, Femi Otedola, Pascal Dozie, Tony Elumelu, Jim Ovia, Mohammed Indimi.
Who is the richest musician in Nigeria in 2025 now?
Davido is ranked among the richest musicians in Nigeria as of 2025. According to Celebrity Net Worth, the singer is estimated to have a net worth of $100 million. In 2023, he earned over $20 million from royalties, touring, merchandise sales, and endorsements.
The richest musicians in Nigeria prefer specific residential areas and car brands. Most live in Lekki, Lagos, and drive Mercedes and Bentleys. Additionally, these stars support one another. Some got into the industry because established artists spotted their talents and offered to push them to glory.
Legit recently published a list of the highest-paid college athletes and their earnings. College sports have recently changed and become profitable for athletes.
The NCAA passed the name, image and likeness (NIL) bill not long ago. The bill allows athletes to earn through appearances, endorsements, and interviews.