List of 10 Richest Musicians in Nigeria According to Forbes 2022: An Overview of Top-Ranking Musicians

Everyone wants to know the richest musician in Nigeria. We’ve discovered that there are many musicians in Nigeria, but the question still remains “Who is the richest musician in Nigeria?” “Who is the richest male musician Nigeria?” “Who is the richest female musician in Nigeria?” With everyone supporting their favorite. Curiosity kills the cat, but here we would be quenching that taste with the Global Ranking of Richest Nigerian musicians according to Forbes current ranking, their net worth and those leading in the music industry.

Forbes: What is Their Relevance in Ranking?

Forbes is an American business magazine owned by Forbes, Inc. They specialize in publishing articles on finance, industry, investing, rankings of top influencers in the world.  Forbes also gives reports on related subjects such as technology, communications, science, and law. They have their headquarters in New York City. Forbes is committed to giving out results that are not based on sentiments. 

How Do Nigerian Musicians Make Their Money?

Music celebrities are also known as entrepreneurs, with many doing businesses outside the music industry. Many get their money through endorsement, while few have brands on their own. Although it’s not clear how many have brands on their own, with only few who have taken to their social media pages to display their brand. Some are Realtors, Oil Mongols, and many more as the list keeps going.  Below are the list of top 10 Nigerian richest musicians in 2022:

Here Are the Top 10 Music Stars in Nigeria and Their Net Worth in 2022

Wizkid Net Worth – $40.3 Million

Ayodeji Ibrahim Balogun, popularly known as Wizkid, is undoubtedly the richest musician in Nigeria and the second richest musician in Africa. Wizkid was born 16 July 1990 in Surulere Lagos, Nigeria. He however started his music career early. Moving up in his ranking in the Nigeria music industry, Wizkid has sang many beautiful songs and has gotten global recommendations and awards since he started his career in the music industry.

List of 10 Richest Musicians in Nigeria According to Forbes 2022: An Overview of Top-Ranking Musicians

The award winning singer and songwriter has done many collaborations with  top global musicians, such as, drake and Beyoncé. Wizkid won his first ever Grammy Award with his collaboration on Beyonce The Lion: The Gift. He has signed many endorsement deals with top companies like Guinness, MTN Nigeria, Glo, Pepsi, etc.. Wizkid  is so far the richest musician in Nigeria after holding this spot. He owns his own record label: Star Boy Records. In 2017 Wizkid signed his multi-album worldwide record deal with RCA Records. RCA Records is a record label that is under the renowned Sony Music.

Davido Net Worth – $36.7 Million

David Adedeji Adeleke, popularly known as Davido, is one of the richest nigerian musicians. The Nigerian-American singer was born 21 November, 1992 in Atlanta Georgia. He is well known globally as a singer, songwriter, and a song producer. Davido enrolled in Oakwood University, Alabama, to study Business Administration but did not complete his education there, eventually dropping out of the university to pursue his music career.

List of 10 Richest Musicians in Nigeria According to Forbes 2022: An Overview of Top-Ranking Musicians

He later completed his education at Babcock University where he studied music. The talented singer has won many awards, including MOBO Awards, BET Awards, Ghana Music Awards, Kora Awards, and many more. He has done many collaborations with top global musicians, such as Chris Brown, Young Thug, and many more. He is the brand owner of the label Davido Music Worldwide known as DMW.

Don Jazzy Net Worth – $32 Million

Michael Collins Ajereh popularly known as Don Jazzy is one of the richest musicians in Nigeria. Born on 26 November, 1982 in the city of Umuahia, Abia State, Nigeria, he is known as a talented singer, comedian, record executive, brand ambassador, influencer, and many more.

List of 10 Richest Musicians in Nigeria According to Forbes 2022: An Overview of Top-Ranking Musicians

Don Jazzy studied Business management at the prestigious Ambrose Alli University, Ekpoma, Edo state. He is the owner of Mavin Records. He has won countless awards such as The Headies Award for producer of the year (2014), Nigerian Entertainment Awards (2007), The Headies Award for producer of the year (2011). Don Jazzy is well known for his skills in music production.

Burna Boy Net Worth – $28 Million

Damini Ebunoluwa Ogulu, popularly known as Burna Boy, is among one of the richest musicians in Nigeria. He was born on 2 July, 1991 in the city of Port Harcourt. He is known as  a singer, rapper, and a songwriter.

List of 10 Richest Musicians in Nigeria According to Forbes 2022: An Overview of Top-Ranking Musicians

He is referred to as “Odogwu”. He won his first-ever Grammy Award in 2021 at the 63rd Grammy Award ceremony for the Best Global Music Album category for his album “Twice As Tall”.  Burna Boy is the first to win a Grammy Award in Nigeria. The African giant is amongst the richest musicians here in Nigeria. He currently lives in the UK.

Rude Boy Net Worth – $27.2 Million

Paul Okoye popularly known as Rude Boy is amongst the richest musicians Forbes enlisted. He is a singer, songwriter, dancer, stage performer, entertainer, and recording artist.

List of 10 Richest Musicians in Nigeria According to Forbes 2022: An Overview of Top-Ranking Musicians

Born on 18 November 1981 in Jos, Plateau State. He is a graduate of the prestigious University of Abuja. King ruddy as he may also be referred to– is a twin. They were once referred to as Psquare as they both collaborated to build their brand. They went separate ways  after a misunderstanding; before then they have had collaborations with top global musicians like T.I, Akon, Rick Ross, and Dave Scott. Rudy is one amongst the richest musician in Nigeria according to Forbes ranking, with Landed properties, exotic cars, all around.

Tiwa Savage Net Worth – $24 Million

Tiwatope Savage popularly known as Tiwa Savage is the Richest Nigerian Female Musician with an estimated net worth of $12Million dollars. Born on 5 February 1980 in Isale eko, Lagos State, Nigeria.

List of 10 Richest Musicians in Nigeria According to Forbes 2022: An Overview of Top-Ranking Musicians

She started her music career after she and her family relocated to London. With her passion for music she enrolled for the Berklee College of Music where she graduated with a degree in professional music in 2007. Tiwa Savage also earned herself a degree in Accounting from the University of Kent. Tiwa Savage signed a recording deal with Sony/ATV Music after which she came to Nigeria to pursue her music career in Mavin Records in 2012. She is undoubtedly the Richest Female Nigerian Musician.

Mr P Net Worth – $20.6 Million

Peter Okoye popularly known as Mr P was Born on 18 November 1981 in Jos, Plateau State. He is a singer, songwriter, dancer, brand ambassador, and music producer. Psquare as they were known made collaboration with many global music stars like T.I, Akon, Rick Ross, and Dave Scott.

List of 10 Richest Musicians in Nigeria According to Forbes 2022: An Overview of Top-Ranking Musicians

He however changed his stage name to Mr P after he separated with brother after a fight which caused a split in their resources. He has also been a brand ambassador to Olympic milk, Glo, and Kia motor. He has many landed properties in Lagos. he’s is amongst the richest musicians here in Nigeria. 

2Baba (2 Face) Net Worth – $19.4 Million

Innocent Ujah Idibia also known as tuface or 2Baba was born 18 September 1975 in Jos Nigeria. The Idoma born music star is recognized outside Africa for his popular music “African Queen”. 

List of 10 Richest Musicians in Nigeria According to Forbes 2022: An Overview of Top-Ranking Musicians

He is amongst the richest musicians in Nigeria.  He is an ambassador to Nafdac, Guinness, liqueur campari, Airtel, Glo, Oraimo, and Pazino Homes and Gardens.

Olamide Net Worth $17.8 Million

Olamide Gbenga Adedeji popularly known as Olamide is currently one of the Richest Nigerian Musician. He was born on 15 March 1989, in Bariga, Lagos State, Nigeria. The talented young star has recorded many singles, including having collaborated with many musicians in Nigeria.

List of 10 Richest Musicians in Nigeria According to Forbes 2022: An Overview of Top-Ranking Musicians

Many refer to him as Baddo. He owns the record label YBNL Nation. Olamide went to the prestigious Tai Solarin University but stopped due to financial issues. He has released many singles both in Yoruba and English.

Timaya Net Worth – $14.5 Million

Inetimi Timaya Odon, popularly known as Timaya is one amongst the richest musicians in Nigeria according to forbes. Born on 15 August 1980 in Port Harcourt, Rivers State.

List of 10 Richest Musicians in Nigeria According to Forbes 2022: An Overview of Top-Ranking Musicians

He is currently one of the Richest Musicians in Nigeria. He has produced many singles and collaborated with many musicians in Nigeria. Timaya has a story to share, as he said growing up for him was not something worth remembering, but his joy is that God has blessed him today to change people’s story.

FAQs

What Is the Current Relationship Between Wizkid and Davido

Yes, Wizkid and Davido are friends. There have been some predictions that the two singers were having misunderstandings. It however ended this year as the two singers debunked the rumor by fans over the lingering issues. Early this year, Wizkid and Davido were seen in a club hugging and smiling at one another. Wizkid and Davido are best of friends as they reunited this year, and are moving forward to make the Music Industry in Nigeria proud.

Between Davido and Wizkid, Who Is Richer?

According to Forbes, Wizkid is richer than Davido.

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