Top 10 Richest Musicians In Nigeria In 2023
In this article I will be sharing with you the top 10 richest musicians in Nigeria in 2023. The music industry in Nigeria makes billions of naira annually and has proven to be one of our major exports, which is one reason we need to guard it jealously. Our Nigerian musicians are living an extravagant lifestyle. The life of fame, glamour, money and flamboyance has become the order of their day and it is a life many of us are dreaming to live in.
So, do you want to know the richest musician in Nigeria in 2023? If your answer is yes, then you have to read this article till the end. These Nigerian musicians are so wealthy that some of them own private jets, expensive houses, expensive cars and properties worth millions of naira. So therefore, after a careful study and research, I present to you the top 10 richest musicians in Nigeria in 2023 and their net worth.
10. Phyno $20 million
Making the number 10 on our list of the top 10 richest musicians in Nigeria in 2023 is Phyno. His real name is Azubuike Chibuzor Nelson. He is a famous Nigerian indigenous rapper, record producer, songwriter, singer and record label executive. He was born on 9th October 1986 in Abakpa-Nike, Enugu State in the south eastern part of Nigeria. He is currently 36 years old. He has an estimated net worth of $20 million. Phyno is originally from Anambra State but was born and bred in Abakpa-Nike, Enugu State both in the south eastern part of Nigeria. Throughout his high school days, Phyno focused all his attention in music and learned to play the drums and piano.
9. Olamide $21 million
Making the number 9 on our list of the top 10 richest musicians in Nigeria in 2023 is Olamide. He is a famous Nigerian hip hop indigenous rapper, singer, songwriter, recording artiste and record label executive. He was born on 15th March 1989 in Bariga, Lagos State in the south western part of Nigeria. He is currently 33 years old. He has an estimated net worth of $21 million. He rap and sing mostly in Yoruba language and sometimes calls himself Olamide Baddo or Baddest Guy Ever Liveth. In 2000, he decided to pursue a career in music. In 2010, he performed at the Hip Hop World Awards. He is currently the Chief Executive Officer (CEO) of YBNL Nation Record Label.
8. Flavour $23 million
Making the number 8 on our list of the top 10 richest musicians in Nigeria in 2023 is Flavour. His real name is Chinedu Okoli. He is a famous Nigerian highlife/Afro pop singer, songwriter, guitarist, recording artiste, stage performer and an instrumentalist. He was born on 23rd November 1983 in Achara Layout, Enugu State in the south eastern part of Nigeria. He is currently 38 years old. He has an estimated net worth of $23 million. He is originally from Umunze in Orumba South Local Government Area of Anambra State, Nigeria. Flavour is the first son of a large family consisting of four siblings and seven step siblings. He attended Robinson Primary School in Uwani and Uwkunanaw Boys Secondary School in Achara Layout, both in Enugu State, Nigeria.
7. 2Face Idibia $27 million
Making the number 7 on our list of the top 10 richest musicians in Nigeria in 2023 is 2Face Idibia. His real name is Innocent Ujah Idibia. He is a famous Nigerian R&B singer, songwriter, stage performer, recording artist and an entrepreneur. He was born on 18th September 1975 in Jos, Plateau State in the northern part of Nigeria. He is currently 47 years old. He has an estimated net worth of $27 million. 2Face Idibia He is originally from Idoma, a small village in Benue State in the south southern part of Nigeria. After completing his primary and secondary school education, 2Face Idibia attended the Institute of Management and Technology (IMT) in Enugu and obtained a National Diploma (OND) in Business Administration Management.
6. D’banj $30 million
Making the number 6 on our list of the top 10 richest musicians in Nigeria in 2023 is D’banj. His real name is Oladapo Daniel Oyebanjo. He is a famous Nigerian singer, songwriter, recording artiste, stage performer, model, actor, investor and an entrepreneur. He is popularly known worldwide as the “Koko Master”. He was born on 9th June 1980 in Zaria, Kaduna State in the northern part of Nigeria. He is currently 42 years old. He has an estimated net worth of $30 million. He is originally from Ogun State in the south western part of Nigeria. After completing his basic education, D banj attended Oxford University in London, United Kingdom, where he graduated with a Bachelor’s Degree in Mechanical Engineering.
5. Timaya $35 million
Making the number 5 on our list of the top 10 richest musicians in Nigeria in 2023 is Timaya. His real name is Enitimi Alfred Odom. He is a famous Nigerian singer, songwriter, stage performer and a recording artiste. He is popularly known as Egberi Papa 1 of Bayelsa. He was born on 15th August 1980 in Port Harcourt, Rivers State in the south southern part of Nigeria. He is currently 42 years old. He has an estimated net worth of $35 million. Timaya is originally from Odi, a small village in Bayelsa State. He started his music career in 2005 and is currently the founder of Dem Mama Records. Timaya rose to fame after the release of his hit single “Dem Mama” which also appeared on his first debut studio album. In 2006, Timaya became a public figure after the release of his hit single “True Story”.
4. Burna Boy $40 million
Making the number 4 on our list of the top 10 richest musicians in Nigeria in 2023 is Burna Boy. His real name is Damini Ogulu. He is a famous Nigerian Afrobeat and reggae-dancehall singer, songwriter, stage performer and a recording artist. He was born on 2nd July 1991 in Port Harcourt, Rivers State in the south southern part of Nigeria. He is currently 31 years old. He began making music when he was just 10 years old. He has an estimated net worth of $40 million. Burna Boy was born in Port Harcourt and is the only son of his parents and being the eldest of three siblings comprising of girls only. He came from a family who appreciates music. He spent most of his early childhood in the United Kingdom. He started his music career professionally in 2010. In 2015, he won the Best Pop Artist of the Year at the Headies Award and Europe Music Awards.
3. Don Jazzy $55 million
Making the number 3 on our list of the top 10 richest musicians in Nigeria in 2023 is Don Jazzy. His real name is Michael Collins Ajereh. He is a famous Nigerian singer, songwriter, recording artiste, stage performer, record producer, investor and record label executive. He was born on 26th November 1982 in Umuahia, Abia State in the south eastern part of Nigeria. He is currently 39 years old. He has an estimated net worth of $55 million. At the age of 12 years old, Don Jazzy began to play the drums, bass guitar and traditional instruments. After completing his basic education, Don Jazzy attended Ambrose Ali University Ekpoma in Edo State and graduated with a Bachelor’s Degree in Business Management. He is currently the CEO of Mavin Records.
2. Wizkid $70 million
Making the number 2 on our list of the top 10 richest musicians in Nigeria in 2023 is Wizkid. His real name is Ayodeji Ibrahim Balogun. He is a famous Nigerian singer, songwriter, recording artiste, stage performer, model and a record label owner. He was born on 16th July 1990 in Surulere, Lagos State, Nigeria. He is currently 32 years old. He has an estimated net worth of $70 million. While still in school, Wizkid started pursuing his music career at the age of 11 years old. In 2009, he got admitted to Lagos State University and later dropped out. His parents later admitted him into Lead City University in Lagos, but he later dropped out to focus full time on his music career. He is currently the CEO of Star Boy Records.
1. Davido $90 million
Making the number 1 on our list of the top 10 richest musicians in Nigeria in 2023 is Davido. His real name is David Adedeji Adeleke. He is a famous Nigerian singer, songwriter, recording artiste, stage performer, model and a record label executive. He was born on 21st November 1992 in Atlanta, Georgia in the United States of America to Chief Deji and Mrs Vero Adeleke. He is currently 29 years old. He has an estimated net worth of $90 million. His father is a billionaire businessman while his late mother was a university lecturer. Davido is originally from Ogun State in the south western part of Nigeria. After completing his basic education, Davido attended Babcock University in Ogun State and graduated in 2015 with a Bachelor’s Degree in Music. He is currently the Chief Executive Officer (CEO) of Davido Music Worldwide (DMW). Davido is currently the richest Musician in Nigeria in 2023 with an estimated net worth of $90 million.
