10 Richest Musicians in Nigeria and their Wealth

Do you know who are the richest musicians in Nigeria today? The financial outlook for the Nigerian entertainment industry has changed dramatically in recent years. This is why you are seeing a new generation of hip-hop and other artists who can afford luxurious lives unlike those of the past decades.

This fuels a mad rush for music for many young Nigerians, whether or not they have what it takes to “breathe”. A lot of people are also curious. We always ask a simple question: who are the richest Nigerian musicians and how much is their wealth? Wondering who is the richest musician in Nigeria?

We have all the details for you. To learn more about Nigeria’s richest musicians and their merits, we found out their popularity as it signifies the richness of the Nigerian music scene.

Criteria for the Richest Nigerian Musicians 

An artist known only in his region will not make a lot of money. Don’t be fooled by the faux glamor. Some musicians are not as wealthy as you might imagine. Being a wealthy Nigerian musician isn’t just about the fake Rolex watches, fake dollars, and cheap jewelry you see in music videos.

So, how do I find the highest paid musicians in Nigeria? We’ve done the leg work for you. We checked their social stats, including the number of subscribers on their pages. Also, we looked at the number of views of their video clip on Youtube, the number and quality of awards they have received lately.

Our analysis also included estimates of the salary of Nigerian musicians for each show and brand support for a musician. We also checked other credible sites. Not many of these facts are easy to manipulate. So, they are reliable parameters, which musicians now use very diligently.

Also Read: Top 10 Successful Kenya Music Artists. Who Is Your Favorite?

List of 10 richest Musicians in Nigeria in 2021

This article presents a list of the ten richest musicians in the music industry in Nigeria and their estimated net wealth. These are artists that have dominated the Nigerian music scene since 2015.

10. Banks W

Banky W is among the richest musicians in Nigeria

Banky W. Photo credit – Guardian

Banky W, whose real name is Olubankole Wellington, is the CEO of EME Records. He earns a lot of money from advertising and exhibitions. In addition to being an Etisalat Nigeria brand ambassador, he is also an ambassador for Samsung Mobile Nigeria.

He gets rich when these companies renew the contract with him. More recently, Banky W with DBanj signed a multi-million dollar contract with Ciroc.

Banks W is worth about $4.1 million

Also Read: Top 10 Best South African Musicians

9. Iyanya

Iyanya, a musician from Nigerian

Iyanya, a popular musician from Nigerian. Photo credit – MavinRecords

Iyanya is a Nigerian artist who earns so much money from advertising. From the moment he won Season 1 of MTN Project Fame in 2008, he’s never looked back.

Solo Mobile and Zinox puters have signed contracts for him in excess of hundreds of thousands of dollars. Starting with hits like Kukere, Iyanya amassed her wealth on local and international shows.

Iyanya net worth is approximately $6 million.

Also Read: Which of These Successful Nigeria Music Artists Is Your Favorite?

8. Flavour N’abania

Flavour N'abania is among the richest musicians in Nigeria

Flavour N’abania. Photo credit – Eve’s Eye

Quality equals wealth, so it’s no surprise that Flavour, one of the country’s top musicians is on the richest list. Flavour N’abania started out playing guitar in church and has since moved there, traveling the continents of the world.

His good physique, impeccable talent, musical skills and African work are what draw millions of people across Africa. These qualities make him one of Nigeria’s richest musicians.

Flavour N’abania net wealth is estimated to be over $10.2 million.

Also Read: 10 Successful African Entrepreneurs With Amazing Beginnings

7. Timaya

Timaya, a popular Nigerian musician

Timaya. Photo credit – Rootsfm9jah

Timaya has a pronounced vocal affiliation. Over the years, he has been featured among the Nigeria’s 10 richest artists.

This successful artist is Nigeria’s most popular in the Niger Delta region. Dem Papa, Sankoh, and Boom Bom are some of the explosive hits bringing in millions of dollars to this wealthy Nigerian artist.

Timaya’s net worth is estimated at $10.5 million.

Also Read: Top 10 Richest People in Africa

6. D’banj

D'banj is one of the richest musicians from Nigeria

D’banj, a popular Nigerian artist. Photo credit – Kemifilani

Oladapo Daniel Oyebanjo, who’s stage name is D’banj is one of the richest musicians in Nigeria. Ddbanj is a popular artist in Nigeria and trust me this guy is really busy! Every year, Dbanj receives numerous contracts and approvals from companies.

Ignoring the rumors that are circulating, it is very difficult to determine who is the richest between Don Jazzy and D Banj. Dbandj is very rich and powerful. He evolves with the cream of society.

D’Banj net wealth is an estimated $ 11 million.

Also Read: Top 10 Popular Ghanaian Music Artists

5. Tu Face (2face, 2Baba, Tubaba)

Tu Face during a live performance

Tu Face during a live performance. Photo credit – De-9ja Music Ent.

Innocent Ujah Idibia is among the richest Nigerian artists. He goes by the above stage names. Other than being a musician, Tu Face is a songwriter and an entrepreneur. With the support of big Nigerian companies such as Guinness and Airtel, and the sale of three platinum records, 2face has become one of the richest musicians in Nigeria.

Besides, the rich artist earns a lot of money from real estate and promotions. Also, the Nigerian artist is alleged to nightclubs located in the town of Festak and Ikeja GRA, which cost nearly half a billion naira.

Tu Face net worth is about $16 million

4. Don Jazzy

Don Jazzy

Don Jazzy. Photo credit – Celebritynetworth

Is Don Jazzi Nigeria’s richest African musician? The wealthy single musician and producer is ranked second in the list of the 10 richest Nigerian musicians according to Forbes sources. Also, he ranks second in the list of richest artists in Africa after sensational R&B singer Akon of Convict Music.

Don Jazzi’s fortune is $18.5 million.

3. Davido (David Adeleke)

Davido, one of the richest musicians in Nigeria

Davido. Photo credit – Vanguardngr

David Adeleke is popularly known as Davido is one of the wealthiest Nigerian musicians. He is born to a Nigerian billionaire, who has largely imparted the Nigerian music industry. In addition to being a musician, this wealthy artist is also a producer and owner of the HKN Gang record company.

Over the years, Davido has grown rick, thanks to the support of MTN and Guinness. He has also earned a lot of money from concerts and international tours. A lot of people want to know who is the richest musician, Wizkid or Davido. According to our analysis, Wizkid is richer.

Davido’s wealth is estimated at $19.5 million.

Also Read: Richest Countries In The World In 2021

2. Wizkid

Wizkid, a popular Nigerian musician

Wizkid. Photo credit – Urbanislandz

Wizkid is one of the richest musicians in Nigeria. He owns a range of luxury vehicles, from a Porsche Panamera S to his blue Volkswagen convertible and a $ 200 million apartment in Lecchi Lagos.

Besides, this guy charges an average of 5 million naira per issue. What is more between Olamide’s net worth and Wizkid’s net worth? Wizkid and Davido, who is the richest? It’s definitely Wizzy!

Wizkid estimated net worth is $21 million.

1. P-square

P-square are among Nigeria's richest musicians

P-square. Photo credit – Guardian

P-Square is definitely Nigeria’s richest musician and Africa’s richest musician. P-Square is a duo of two brothers – Paul Okoye and Peter Okoye. According to the latest rankings available on the internet, this duo music group has raised millions of naira every month.

According to one of their songs, Taste the Money, these wealthy Nigerian artists are enjoying their wealth while striving to diversify their investment portfolios.

P -square net worth is an estimate of $150 million.


It is a known fact that hard work opens doors! Congratulations to these 10 richest musicians in Nigeria. But do you agree with this whole list of the richest artists in Nigeria? We would love to hear your view in the comments section below.

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  1. Karry
    May 5, 2022

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