Top Ten Richest Musician in Nigeria & Their Net worth in 2020

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Top ten richest artist & musicians in Nigeria

top ten richest musician in nigeria

Ever wondered who the top ten richest musician in Nigeria are? Everyday we see Nigerian artist spending and living lavishly, touring the world and acquiring most expensive and luxurious properties. Well with the amount of money these artistes are pulling out from their music sales, shows, concerts, tours coupled with their heavy endorsement deals and other investments, you can absolutely agree with me that these musicians are truly living up to their means.

Nevertheless just as the popular saying goes not all that glitters is gold, that is to say that not everything you see on social media is true, most of these artists are only trying to fit in by living fake lives but only a few are the actual BIG BOYS in the industry. For some of them who are really good in displaying and showing of their extravagant lifestyle, some others might not really be loud about it but you won’t believe how much these musicians are worth.

So in this post you’re going to see the top 10 richest male musician or artist in Nigeria, their net worth and  how they make their money, stay tuned.

Top 10 Richest Musician in Nigeria

10. PSQUARE

top ten best musician in nigeria

Peter Okoye and Paul Okoye best known by their stage name P Square can never be left out among the top ten richest musician in Nigeria. The music duo is taking the number 10 spot on the list and they’re worth $10 million each. Even though they are no longer together as p square, their success and contribution to the African music can never be forgotten.

The duo’s interest in music sparked up when they were still in secondary school, during that time they joined their school’s music and drama club and starting singing, dancing and also mimicking songs of MC Hammer, Bobby Brown and Michael Jackson.

The duo came together and formed their music group called P Square. They started making music and became a household name when they released their hit song Senorita.

P square have being very consistent over the last two decades and have contributed immensely to Nigerian and African music, they are infact one of the most respected artists in the music industry blessed with God given talents to sing and dance.

The duo have a joint house in banana island called Square Ville worth of 200 million naira, they also charge about 10 million naira for shows and make crazy money from their tours and concerts. They also have endorsements and investments that rakes in millions of naira for them individually apart from music and owns multi million naira properties and assets to their different names. They also have mansions next door to each other in Atlanta USA.

Peter Okoye who now goes by the stage name Mr P as a solo artist has an endorsement deal with sportswear brand Adidas, Olympic Milk, Kia Motors, Merrybet, Glo, in partnership with Mtn and owns a raffle draw company called Zoom Lifestyle worth muti millions of naira.

He owns fleet of exotic cars like Range Rover, a Dodge Challenger, a Jeep Wrangler, a Mercedes Benz G-Wagon and he posted a picture of him beside a white Lamborghini Aventador Roadster worth 141 million naira. Prior to these, he also has a Porsche 718 Cayman, Bentley Mulsanne and a BMW X6.  He owns one the most expensive properties in Lagos, his Banana Island mansion where he lives with his family is worth 1.5 billion naira.

Watch video below to see the amazing interior design of Peter Okoye’s 1.5 billion naira mansion in Banana Island.

His brother Paul Okoye who is also known as Rudeboy or Kingrudy has an endorsement deal with Glo, he’s one of the most subscribed Nigerian artiste on Youtube with over 9ook subscribers and makes crazy money from his music videos on Youtube. He also makes cool money from music sales as he has given us several hits as a solo artist.

Paul Okoye owns extravagant cars like BMW X6, Range Rover, 2014 Benz C-Class Coup, Jeep Wrangler and he posted a picture of himself in a Lamborghini Huracan worth 130 million naira. He also owns a mansion in Parkview Estate Ikoyi where he lives with his family.

Watch video below to see the amazing interior design of Paul Okoye’s multi million naira mansion in Parkview Estate Ikoyi.

P square have worked with big international artist like Akon, Rick Ross, T I, Dave Scott and won awards; in 2006 they won, Best R&B/Pop Album and Album of the Year for their album Get Squared, the album also won Best Music Video and they won Song of the Year for their hit song Bizzy Body and also Artiste of the Year (The Headies). The same year 2006 their album Get Squared also won Album of the Year and Music Video of the Yea (Nigerian Music Awards (NMA). in 2007, they won (Channel O Music Video Awards) for Best Duo or Group, in 2008 they won another Best Duo or Group and Video of the Year for their hit song Do me, in 2012 they won Most Gifted Group of the Year and then won Most Gifted African (West) Video for their hit song Alingo. They also won Best Group in 2008 and 2009 (MTV Africa Music Awards) and many other awards and nominations.

9. TIMAYA

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Enitimi Alfred Odom popularly known by his stage name Timaya is among the richest musician in Nigeria, he’s worth $10.5 million. He has endorsement with top brands like Glo, Mtn and Henessey worth millions of naira

He charges about 2 – 4 million naira for show performance and his garage shows he’s a great lover of exotic cars. His fleet of exotic cars includes a Mercedes-Benz G55 AMG, a Bentley Continental GT, a Range Rover Sport 2013, Range Rover Sport 2016, a Mercedes-Benz GLE, a Lexus SUV GX269, a Porsche 911 carrera, a Mercedes-Benz Maybach S650 2018, and the latest addition to this list is a Rolls-Royce Cullinan 2019 worth 123 million niara.

Timaya owns one of the most luxurious celebrity mansions in the country, his mansion which is located in Lekki Lagos Nigeria is worth a whooping 500 million naira with a personal studio, swimming pool and multiple rooms with highly expensive furniture. He owns another house in Portharcourt his hometown which is worth 100 million naira.

Timaya is the owner of a record label Dem Mama records and came into prominence after releasing his hit single Dem Mama which was followed up by his debut album True Story. He’s often regarded as the Dance Hall King and is unique in his own style of music.

Timaya is married, has kids and is focused on his family thus he doesn’t really release many songs like before but any song he drops is always club banger and massive hit across Nigeria and Africa. He’s latest song Born To Win was well received as well as other songs like I Can’t Kill MyselfBalanceAh Blem Blem etc

Timaya has won many awards like the Album of the Year, for his hit album True Story which he won in 2008 (Nigeria Music Awards). Also in 2008, he won Best Reggae/Dancehall Album, for his hit album True Story (The Headies), in 2009, he won Best Reggae/Dancehall Album, for his hit album Gift and Grace and Best Collaboration, for his hit song Good or Bad (with J. Martins and P-Square) (The Headies). 2010, he won Best Collaboration, for his song “Kokoroko” (with Kefee) (The Headies), he also won the Dancehall Act of the Year in 2017 (AFRIMMA) and many other nominations

8. PHYNO

10 richest musician in nigeria

Chibuzo Nelson Azubike best known by his stage name Phyno is a singer, songwriter and record producer. He’s worth $11 million and is the 8th richest musician in Nigeria. He’s a brand ambassador of top brands like the Monster Energy Drink, signed endorsement deal with Glo, Airtel and Nairabet worth millions of naira. He also has an endorsement deal with Life Lager Beer, Cadbury Nigeria PLC and Tom Tom.

He’s the owner of multi million naira properties and cars which include a Toyota Avalon worth 13 million naira, a Range Rover Sport worth over 90 million naira, a Bentley Continental GT worth 73 million naira, a Rolls Royce Phantom worth 170 million naira and a Polaris Slingshot worth 7 million naira. He owns a 3 bedroom flat duplex in Lekki, Lagos Nigeria worth 170 million naira and another house in Enugu Nigeria his home town worth 70 million naira.

Phyno Fyno as he usually calls himself is one of the best and most talented rappers in Nigeria. He raps with his native language Igbo and is also fluent and good as well in English raps. He started as a record producer in 2003 but shot into limelight with his hit song Ghost Mode where he featured his fellow rapper Olamide. The song was received well across Nigeria especially the south east where it was like a national anthem.

Phyno is very talented and versatile with his raps, he made the rap game look so easy and is the best at what he does. Not forgetting his consistency, phyno has released really good albums and songs back to back ever since he came into the music industry.

In 2013, he won Man of the Year and Best Collabo for his hit song Ghost Mode which he featured Olamide (The Headies), he also won Best Collabo for his song Ghost Mode (Nigeria Entertainment Awards). In 2014, he won the Rap Artiste of the Year (City People Entertainment Awards) and Best Rap Single for his hit song Parcel (The Headies) with many other nominations.

7. OLAMIDE

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Olamide Adedeji also known as Olamide Baddo or Baddosneh is among the top ten richest musician or artist in Nigeria and is worth $12 million. He’s the first Nigerian artiste to sign a multi million naira deal with Ciroc in 2013, he also has an endorsement deal with one of the telecom operators in Nigeria Etisalat worth millions of naira. He’s also endorsed to Guiness Stout, Monster Energy Drink, Goldberg Lager, Sterling Bank, Peak Milk and a also brand ambassador of Itel phones his most recent multi million naira endorsement deal. Olamide charges about 5 – 8 million to perform in a show and makes crazy amount of money from his yearly tours and concerts as his fans always turn up massively to his shows and concerts.

Coming to luxury Olamide is not left out, he has fleet of extravagant cars like the Mercedes Benz G – Class worth 23 million naira, a Range Rover Sport worth about 15 million naira, a Range Rover V8 worth 20 million naira, a Royce Rolls Phantom worth over 70 million naira and the newest addition to his garage which is the Lamborghini Aventador worth over 218 million naira. Prior to these, he bought a Toyota Venza worth 6 million naira for his producer then.

When it comes to landed properties, Olamide has acquired luxurious properties to himself. His house in Lekki is worth 70 million naira, he has another one in Bariga said to be worth 25 million naira and another one in the same Bariga he acquired for his mother worth 20 million naira.

Olamde is a successful Nigerian rapper and mostly raps in his native tongue Yoruba. He became popular after he released his hit single Eni Duro in 2011 which was followed up by the release of his debut album Rapsodi. He’s not just a successful rapper but is unique and has carved a niche for himself in the music hip hop industry.

Olamide is one of the most consistent and hardworking artistes in Nigeria, over the last decade he has dropped hit songs back to back, infact there’s no year Olamide has not had at least one hit song and most times his hit songs are accompanied with a unique dance style making him a very creative artiste in Nigeria. He has eight studio albums, his latest album is Carpe Diem which he released on 8th october 2020 and 3 collaborative albums. He also owns a record label called YBNL with signed talented artists like Fireboy, DJ Enimoney etc.

Olamide has bagged several awards to himself; in 2013, he won Best Indigenous Artiste and Best Collabo with hit song Ghost Mode where he was featured by Phyno (Nigeria Entertainment Awards), he also won Album of the Year and Best Rap Album with his album YBNL in 2013 and also Best Street Hip-Hop Artiste (The Headies). In 2014 he also won Album of the Year and Best Rap Album (The Headies), in 2016 he won Album of the Year for his album Eyan Mayweather and also  won Rap Act of the Year (Nigerian Entertainment Awards (NEAs) and many other awards.

6. D’BANJ

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Oladapo Daniel Oyebanjo best known by his stage name D’Banj is one of the most famous and richest musician in Nigeria, he’s worth $13.5 million. Signed to major endorsements deal like, Heritage Bank worth millions of naira and is the Nigerian brand ambassador of Ciroc drink, brand ambassador of Beats By Dre and also a brand ambassador of popular gadgets and phone accessories company SLOT, the Koko Master as he usually calls himself takes up the 6th position in the top ten richest musician in Nigeria. He’s first endorsement was with energy drink Power Fist and was formally endorsed by Globacom Nigeria, a deal worth $442, 000, he has a cream platform called Brainchild Cream worth $100,000, he charges about 7 – 8 million per show and makes crazy money from his tours and concerts. He’s also an entrepreneur and has other investments that bring him millions.

D’Banj owns several luxury assets and and has great love for exotic cars, added to his garage is the Aston Martin Vantage worth $200, 000 (over 76 million naira) and surprisingly he got two for himself that’s over 152 million naira.  Not just that he also has a Rolls-Royce Wraith worth 304 million naira, a Bentley worth 114 million naira, a Rolls-Royce Ghost worth 146 million naira, a Mercedes Benz SL500 worth 47 million naira, and a Ferrari F30 worth 104 million, a Porsche 911 worth 64 million naira and his latest addition is a customized Rolls Royce Wraith worth 100 million naira. He also has two Toyota Land Cruiser Prado another Mercedes Benz C Class and a Harley Davidson bike worth 3.5 million naira. He owns a luxurious house in Lekki, Lagos Nigeria and reportedly has another one in the United States of America.

D’banj has being into music right from his university days, he started by playing the harmonica when he was small and was shot into prominence when he released Tongolo in 2004, a song he collaborated with Don Jazzy. Afterwards he co-founded Mo’Hits record with Don Jazzy and they released couple of hit songs and album under the record.

The Mo’Hits record later hit the rocks and D’Banj has become very successful  and rich working as a solo artiste with many hit songs and about four albums to his name. He has had successful projects and collaboration with big international artists like Snoop Dog, Kanye West, Gucci Mane, Tony Montana, Big Sean etc

D’Banj is married with one kid and has won several local and international awards; in 2011 he won the Best International Act (Africa) (BET Awards) and Best African Act Video for his hit song Mr Endowed Remix (4Syte TV Music Video Awards). In 2012, he also won the Best African Act (MTV Europe Music Awards) and Best African Act (MOBO Awards) and Most Gifted Video of the Year for his hit song Oliver Twist (Channel O Music Video Awards), he also won Best-selling African Artist (World Music Awards) in 2014. Prior to these awards, D’banj has won Best Newcomer for his song Tongolo (Fizz & Channel O Music Video Awards), he also won African Artiste of the Year in 2007 and 2009 (Ghana Music Awards). In 2006, 2007 and 2008, he won Revelation of the Year, Song of the Year and Artiste of the Year respectively (The Headies) and many other awards.

5. 2FACE

top 20 richest musician in nigeria 2019

Innocent Ujah Idibia best known as 2Face or 2Baba is worth $16 million and is among the top 5 richest musician in Nigeria. He is signed to Glo endorsement deal worth millions of naira, he is also signed to the alcoholic drink Campari endorsement deal and Partner Mobile also worth millions naira. He’s recent endorsements are with the real estate brand Pazino Homes and Gardens, a multi million naira endorsement and Oraimo one of the leading smart accessories company in Nigeria. 2Face has also had endorsement deal with Guinness and Airtel.

Apart from music and endorsements, 2Face is a business owner and a proud farmer thereby making extra cash for himself off music. He owns a popular night club in Lagos called Rumors, reportedly worth 250 million naira and owns a massive farm land in Benue.

2Face doesn’t show off his luxury life but his garage is filled with exotic cars worth millions of naira, some of them are a Ferrari, Bentley, Mercedes Benz, G-Wagon and a Range Rover Sport. Prior to these, he was gifted a Chevrolet Corvette Coup worth about $100, 000. He also owns a multi million naira mansion in Banana Island and another one in Lekki both in Lagos, Nigeria.

He is one of the most respected artist in Nigeria, infact he’s regarded as a legend when it comes to the music industry in Nigeria. The current richest and biggest artists in Nigeria respect and look up to him when it comes to music. He has really done well for himself and the African music, infact he has 7 albums to his name and owns a top record label called Hypertek Media.

2Face rose to fame with his evergreen hit single African Queen, the song got him numerous awards and recognition across Africa and the world. Before then he was part of a record group called Plantashun Boiz, the group wa formed by him, Faze and Blackface. The group was later disbanded in 2004 and he went further to work as a solo artiste and released his debut studio album Face To Face which had beautiful songs like U No Holy Pass, Ole, Thank U Lord and his hit single African Queen.

2Face has being doing music ever since he was in secondary school even when he was in university he performed during events in school. He has being consistent in music for more than 2 decades, made enough money and have done really well for himself and African music. He’s now married and a father to many kids.

He has won several awards like one MTV Europe Music Award, one World Music Award, five Headies Hip-hop Awards, four Channel O Music Video Awards, one BET award, four MTV Africa Music Awards, one MOBO award, one KORA award, 3 Afrima Awards and many other nominations.

4. BURNA BOY

top 10 richest musician in nigeria 2019 2020

Damini Ebunoluwa Ogulu popularly known as Burna Boy has taken the number 4th spot of the top ten richest musician in Nigeria with a net worth  of $17 million. The Grammy award nominee is one of the most talented artists in Nigeria and makes his money mostly from his music sales that’s always topping the charts both locally and internationally as well as his concerts, a show performance from Burna Boy costs around 10 – 20 million naira. He also has several other multi million naira endorsements like the Star Lager Beer and other properties and investments that makes extra cash for him.

Burna Boy has fleet of exotic cars like the Rolls-Royce Dawn Convertible worth 200 million naira which he acquired in 2019 together with a Ferrari 458 a 2013 model of the Italian supercar worth 100 million naira. He also had a Range Rover Autobiography SUV, a Bentley Continental GT, a G Wagon and a Mercedes Benz S Class. He owns an 8 bedroom multi million naira mansion in Lekki, Lagos Nigeria, he is also rumored to have another house in the highbrow area of Beverly Hills in the United States of America.

Burna Boy came into prominence after he released his lead single Like To Party in 2012 that came off his debut album L.I.F.E  ever since then he has being dropping party jams and solid tunes that goes well with his fans back to back. Fast forward to 2018, Oluwa Burna as he usually calls himself had a major breakthrough internationally after releasing his 3rd studio album African Giant. The album was well received across Africa with hit songs like Anybody, Ye, On The Low etc which topped the music charts of many countries for many weeks.

In 2019, Burna Boy’s African Giant album was nominated for the best album of the year category for the Grammy international awards alongside Angelique Kidjo’s album Celia.  Even though he lost to Angelique Kidjo the nomination alone is well deserved and with more work and determination, Burna Boy will bring the Grammy award home. His most recent album is Twice As Tall that was released on may 8 2020, the album is already topping charts and making waves globally.

Burna Boy has had successful collaborations with many big international artistes. He has worked with Stormzy, Ed Sheeran, Sam Smith, Jorja Smith, Pop Smoke, Major Lazer, DJ Snake, Rita Ora, Dave, J Hus, Vybz Cartel, Master KG etc and was also featured on Beyonce’s Lion King album.

He has also being nominated and won several awards; in 2013 he won Best Pop (South South Music Awards) with his hit song Like to Party and also won Best New Act of the Year and best album of the year in 2014 (Nigeria Entertainment Awards). In 2019 he won the Listener’s Choice and Song of the Year for his hit song Ye and also won Best Male MVP and African Artiste of the Year (Soundcity MVP Awards Festival). Burna boy won the Artiste of the Year in 2019 and Best International Act both in 2019 & 2020 (BET Awards) and his album African Giant was nominated for the Best World Music Album in 2020 Grammy Awards, he has also won many other awards and according to him, he’s finally getting the respect and recognition that he deserves.

3. DON JAZZY

donjazzy net worth

Michael Collins Ajerah best known as Don Jazzy is a Nigerian producer, singer and songwriter. He’s the 3rd richest musician in the top ten list of richest musicians & artist in Nigeria, he’s worth $18.5 million and is also regarded as the richest record producer in Nigeria. Don Jazzy does only make his money from music, he also makes crazy cash from being an entrepreneur, brand influencer and signing major endorsement deals worth multi millions of naira.

In 2012, Don Jazzy signed an endorsement deal with the milk production company Loya Milk worth 40 million naira. He also signed an endorsement deal with largest telecom network in Nigeria MTN  which is also worth 40 million naira. Later on in 2013, he became a brand ambassador of the popular phone company Samsung which is worth over 100 million naira. In 2015, he joined the global league of Johnnie Walker brand ambassadors and also makes extra cash from his marketing campaign for VBank, a mobile banking app of VFD Microfinance Bank.

Don Jazzy is not really the show off type, he owns a Bentley Continental Flying Spur worth 70 million naira, a Lexus LX570 full-size luxury SUV worth 35 miillion naira, a Porsche 911 Carrera worth 32 million naira, a Range Rover Sport worth 23 million naira, a Mercedes-Benz G-Wagon and other SUV cars.

He also owns a mansion in Banana Island worth 150 million naira where he lives and another one in Lekki that he calls Lekki Office which has 8 bedrooms in it and is worth 160 million naira.

Don Jazzy owns a record label Mavins with signed artistes like Tiwa Savage, Reekado Banks, Dija, Korede Bello, Dr Sid  and his recent and youngest signed talent, Rema. By producing songs and sometimes performing background vocals for big artistes, Don Jazzy rose to be among the top 3 richest artist or musician in Nigeria . He also earns massively from his major contracts and is said to be a co-founder of Flobyte Wifi, a tech firm. Apart from being a record label owner, Don Jazzy is also an entrepreneur in the Nigerian Oil and Gas industry. He has an establishment called the Mavin Energy which deals with the supply of petroleum products to homes and companies.

Don Jazzy is a philanthropist and among the most charitable artists in Nigeria, this is apparent as he always gives back to his fans through regular giveaways and most time blesses a random fan in need. He is one of the best music producers in Nigeria and has produced numerous hit songs and talents in the industry.

Don jazzy has always had interest in music ever since he was a child, he started by playing drums when he was still 4 years old and then proceeded to playing the bass guitar when he was 12 years old and then went further to playing music instruments and drums at their local church in London. During that time he was also nurturing his skills in music production, learning from Emeka Infiniti at the o-town record company.

He formed the Mo’Hits record in 2004 in collaboration with D’Banj and produced successful albums and and tunes that is still grooved by Nigerians. After some years the record was disbanded and he formed another record label called Mavins Record on May 2012 which is still present till date.

Watch video below to see Don jazzy’s mansion, exotic cars and luxurious lifestyle.

Don Jazzy has produced many successful talents in Nigeria and has won several awards in Nigeria. In 2006 he won Producer of the Year(Nigerian Music Awards), in 2007 he won Music Producer of the Year(Nigerian Entertainment Awards). In 2011 Headies Award he won Producer of the Year for producing hit song Over The Moon and Mr Endowed sang by D’banj and Pop SomethingHe also won Producer of the Year for producing hit song Dorobucci, in 2015 he won Special recognition award(City People Entertainment Award) and then won New Discovery Producer in 2019 (The Beatz Award TM).

2. DAVIDO

davido net worth

David Adedeji Adeleke better known as Davido, with a net worth $20 million is the 2nd richest and wealthiest musician or artist in Nigeria. He calls himself  OBO (Omo Baba Olowo) which means son of a rich man but despite coming from a wealthy family, Davido is one of the most hardworking artist is Nigeria and has done really well for himself to attain this spot.

Apart from music, the young music star is an ambassador of big companies and has several endorsement deals that rakes in millions of naira to him on a regular basis. Davido is also regarded as one of the most controversial artist in Nigeria and he uses this to his advantages to promote his brand and cash out big time, while people keep talking he keeps walking to the bank!

Davido signed an endorsement deal worth 30 million naira on April 2012 with Mtn the largest telecom network in Nigeria.  In October 2013, Davido performed in Guinness world of more concert alongside other big Nigerian artistes after being endorsed by the Guinness company.

Davido also signed a multi million naira endorsement deal with Infinix Smartphone Company on May 2018, he also has an endorsement deal with AXE Deodorant an international brand, First Bank Nigeria and recently signed a partnership deal with Bitsika, a fintech solution that performs all financial needs on one application and also one of Africa’s fastest growing payment companies and other multi millionaire deals to his name. He charges around 10 – 40 million naira for show performance in Nigeria and about $30, 000 for international shows.

Now coming into music, Davido makes a lot of money from Youtube, infact he is one of the most viewed African artist on Youtube, one of his hit songs FALL has over a 184 million views on Youtube and is the longest charting Nigerian pop song in Billboard history. His song IF have over a 116 million views and his latest single FEM hit a record of over 2 million views in 24 hours, he’s the first and only Nigerian artiste to hit such record.

Davido owns a house in Lekki, Lagos, Nigeria estimated to worth 140 million naira, it’s a super finished four bedroom semi detached duplex house with a jacuzzi, swimming pool and a well equipped gym. He recently bought another house in Banana Island worth multi millions of naira in Lagos Nigeria and apparently owns a house in Atlanta, Georgia USA which is reportedly cost $20 million.

The OBO himself has really good tastes in exotic cars, his garage is made up of fleet of exotic cars such as the Rolls Royce Cullinan worth 350 million naira, a Bentley Bentayga worth 100 million naira, a Range Rover Sport worth 80 million naira, a Mercedes-Benz GLE  450 worth 80 million naira and recently, he added one to his garage that is the Lamborghini Huracan Coupe worth over 60 million naira. Prior to these cars, Davido once acquired a Porsche 911 Carrera worth 35 million naira, a Mercedes-Benz G-Wagon worth 30 million naira, a Toyota Land Cruiser worth 30 million naira, a Porsche Panamera Turbo S worth 25 million naira, a Audi R8 Coupe worth 25 million naira, a Chevrolet Camaro worth 17 million naira and the first car he acquired at the age of 19; Honda Accord which is worth around 5 million naira.

Looking at his garage you’ll agree that Davido owns at least one of the most expensive cars in the country, in 2019 he was rumored to have acquired a private jet for himself and it turned out the jet was his father’s own not his but his father’s jet is also his jet he bragged.

Davido has a very large fan base in Africa and across the world, infact he is the most followed African artiste on Instagram with over 18 million fans on instagram and twitter with over 7.9 million fans. His large social media fan base allows him to churn out extra cash for himself than other celebrities. According to a London-based Instagram tool scheduling firm, Hooper HQ,  davido charges $91, 800 (34.9 million naira)  per post on Instagram thus making him the richest social media celebrity in Africa.

His fans always turn up massively on his shows and concerts anywhere in the world, his 30 billion gang concert in 2018 was a massive success thereafter he sold out the o2 arena in London 2019 and performed alongside other big Nigerian artistes.

Davido discovered his love for music while he was in Oakwood University located in Alabama USA, back then he got some instruments and was making beats while in school, he later dropped out as a result of bad grades. He went back to London to work and focus more on his music career even though his father didn’t support him going into music. Later on he came back and completed his education in Babcock University in the year 2015 and obtained a Bachelor’s degree in music.

Davido broke into limelight in 2011 after releasing his second single Dami Duro which became a massive hit across Nigeria; he went further to release his first studio album Omo Baba Olowo where he featured big Nigerian artists then.

Despite coming from a rich family, Davido has worked really hard to attain the wealth and level he is now. Presently you can’t mentioned African music without mentioning Davido, over the last decade, man has given us hits back to back, he has gained mastery in the music business and knows what is good for his fans.

Davido has also had successful international collaborations with big artistes. He has worked with Akon, Meek Mill, Popcaan, Chris Brown, Tinashe, Wale, Rae Sremmud, Young Thug, Quavo, R.kelly, Khalid, Trey songz, Boogie with da hoodie, Gunna, Cassanova, Becky G and his latest album A Better Time which he released on the 13th November 2020 featured big artistes like Nicki Minaj, Lil Baby, Nas, Young Thug, Hit Boy and others.

Watch video below to see Davido’s mansion, exotic cars and luxurious lifestyle.

He has also won and nominated for several local and international awards; in 2012 he won the Best Newcomer Award (Kora Awards), in 2014 he won the Best International Act: Africa (BET Awards) won Music Video of the Year for his hit song Aye (Ben TV Awards) won Best Male West Africa and Artist of the Year (African Muzik Magazine Awards) won Best Male Artist of the Year(MTV Africa Music Awards) won World’s Best Male Artist(World Music Awards) and host of other awards.

1. WIZKID

wizkid net worth 2020

Ayodeji Ibrahim Balogun popularly known as Wizkid is the richest and wealthiest musician and artist in Nigeria with a net worth of $22 million. He’s signed to many multi million naira endorsement that have brought him to the number 1 spot of the 10 richest and wealthiest musician and artist in Nigeria. In 2012 Wizkid signed a one year endorsement deal with Pepsi worth 54 million naira ($350, 000), which was later renewed for two more years. He also signed a contract of N110 million with Mtn in 2013, the same year he signed an endorsement deal with Guinness for the Guinness World of More concert that was held at the Eko Convention Centre on Victoria Island, Lagos.

Fast-forward to 2015, Wizzy became a Globacom top brand ambassador, deal was worth 128 million naira and in 2017  he became a brand ambassador of a popular vodka brand Ciroc having his own customized Starboy Ciroc bottles. In 2018, he participated in the Dolce & Gabbana show in Milan where he was paid $20, 000 for walking down the runway wearing a D & G clothing with a mask, the same year Wizkid signed a heavy endorsement deal with Nike for designing and unveiling the official jersey for the Nigerian Super Eagles for the 2018 world cup in Russia, the deal was estimated to worth over 1.3 billion naira ($3.75 million).

In 2019, Starboy bagged the biggest endorsement deal in Africa with the United Bank for Africa (UBA) Group, the deal is worth $3 million that is 1 billion naira and also bagged an endorsement deal with one of the foremost Mobile technology companies, Tecno Mobile in 2020. He was recently named as the latest ambassador for the international fashion and sportswear brand Puma, he was unveiled in a campaign image as the face of Puma.

One of Wizkid’s houses in Lekki is worth about N70  million naira, he also has another house in Los Angeles USA. Wizkid owns several exotic cars like the Hyundai Sonata worth 6 million naira, a 2012 Mercedes-Benz Kompressor worth 9 million naira, a BMW X6 Crossover worth 12 million naira, a Porsche Panamera worth 13 million naira, a Porsche Cayenne worth 18 million naira, a Bentley Continental GT Speed Convertible worth 50 million naira, a Mercedes Benz G63 AMG worth 65 million naira and also not forgetting his newly acquired Lamborghini Urus worth over 100 million naira.

Apart from music sales, Starboy make crazy amount of money from his shows and worldwide tours. A show performance from Wizkid cost around 15 – 50 million naira, he sells out his shows in his yearly UK and US tours and has sold out the O2 Arena twice. In 2018. Wizkid joined the league of highest paid artist in the world after he was paid 50 million rupees (over 245 million naira) for performing at a Royal wedding in India.

He also has his Starboy and his album Made In Lagos MIL merchandize produced by Nike which he has sold out several times. He’s also one of the most followed African artist on social media and earns extra cash from his Instagram, according to a London-based Instagram tool scheduling firm, Hooper HQ,  wizkid charges $57, 300 (21.8 million naira)  per post on Instagram thus making him one of the richest social media celebrity in Africa and richest artist and musician in Nigeria.

Wizkid has had the talent and strong passion for music ever since he was a child, infact he started recording music at the age of 11 and dropped his first album in collaboration with some of his church friends. Wizkid has always wanted to make it big while he was young and today he’s one of the biggest afrobeats artiste in Africa and the richest and wealthiet musician in Nigeria.

He has had lots of big and successful projects and collaborations with big artiste both locally and internationally. He has worked with big artist like Drake, Chrisbrown, Ty Dolla Sign, Skepta, Trey Songz, French Montana, Kranium, Future, H.E.R, Ella Mai, Damian Marley and was also featured in Beyonce’s Lion King album.

Wizkid was the first Nigerian artist to appear in US Billboard Hot 100 with the One Dance song Drake had with him, this song also made him the first Afrobeat artiste to have his name in the Guinness book of records being part of the most streamed song on the planet One Dance. This song also topped the charts in over 15 countries for more than 10 weeks. His latest album Made In Lagos which was released on the 30th October 2020 became the first African album to debut on the Spotify Global Album chart and curently holds on number 2 on Billboard’s Hot 100 World Album Chart.

Watch video below to see Wizkid’s mansion, exotic cars and luxurious lifestyle.

The Startboy himself has also received so many awards and nominations both locally and internationally. Some of his awards include; In 2015 he won the Best R&B/Pop Album for his hit album Ayo and Song of The Year for his hit song Ojuelegba (The Headies), he also won the Male Artist of the Year and Hottest Single of The Year for his hit song Ojuelegba (Nigeria Entertainment Awards). In 2016 he won the African Artist of the Year (Ghana Music Awards) and (African Pride Awards). He won Song of the year for hit song Come Closer ft Drake, Best West African Artiste and Artiste of the Year (All Africa Music Awards) in 2017 and then won Song of The Year for hit song Fever (AFRIMA) and Best International Act (MOBO Awards)  all in 2019. In 2020 he won The Ashford & Simpson Songwriter’s Award for hit song Brown Skin Girl ft Beyonce (Soul Train Music Awards) and NAACP Image Award for Outstanding Duo or Group for hit song Brown Skin Girl ft Beyonce (NAACP Image Awards) and host of many awards. He was also nominated for Grammy award in 2016 for his role in Drake’s hit single One Dance.

Conclusion

As we all know the music industry is one of the top industries when it comes to entertainment. The Nigerian music industry especially have produced lots of successful talented artistes both locally and internationally. Some of these musicians have broken into the international scene, paved way for the upcoming ones and steady putting Nigeria on the worldwide map. Most of these artistes came from nothing and through their hard work and God’s grace have elevated into opulence. So never stop working and never stop believing in God, it will get to your turn one day!

In Summary

Who is the most richest musician and artist in Nigeria 2020?

With an estimated networth of $22 million, wizkid becomes the cuurent, top richest musician and male artist in Nigeria in the year 2020 ahead of his colleague davido who’s networth is $20 million.

Top five richest musician in Nigeria

  1. Wizkid – $22 million
  2. Davido – $20 million
  3. Don Jazzy – $18.5 million
  4. Burna Boy – $17 million
  5. 2Face – $16 million

Who are the top 10 richest musician in Nigeria

  1. Wizkid – $22 million
  2. Davido – $20 million
  3. Don Jazzy – $18.5 million
  4. Burna Boy – $17 million
  5. 2Face – $16 million
  6. D’Banj – $13.5 million
  7. Olamide – $12 million
  8. Phyno – $11 million
  9. Timaya – $10.5 million
  10. Psquare – $10 million

See Also:

10 Nigerian and American celebrities that look very much alike

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