Top 10 Richest Musicians In Nigeria 2019 And Their Net Worth

If you have interest in the world of music, you will probably like to know the answer to the question: “Who is the richest musician in Nigeria?” Of course, we have a lot of talented and hardworking musicians in Nigeria and each of them has his or her own unique style of performing, but in such highly competitive industry only the best of the best will be on top of this rating. Read on to find out the names of top 10 wealthiest / richest musicians in the country.

The list we are about to present consist of people who are household names in the Nigerian music industry, and definitely they all deserve the fame they already possess. Besides, these famous and richest Nigerian musicians not only make money for themselves but they also enhance the reputation of the country in Africa and the world at large.

Check Out: Davido Net Worth

To figure out who is the richest musician in Nigeria 2019, one should take into consideration the net worth of each of the artist. You can visit Nigerian Infopedia to see the list as they present a long list with the net worth of most popular Nigerian musicians.

10. Olamide (Baddo) – net worth N5 billion

Olamide Adedeji popularly known as Olamide A.k.a Baddo is the tenth on our list of top richest Nigerian musician 2019. He has got a lot of hit songs to support his claim as one of Nigeria top artist. The indigenous Yoruba singer and rapper was born in Bariga, Lagos state on March 15th, 1989. He came to limelight in 2010 when he released his song “Eni Duro” and in 2011 with his debut album titled “Rapsodi”. The album gave him the well deserve success and it was followed up by the second album tagged “YBNL”, which featured few hit songs that made Olamide popular in no time.

Olamide who is the C.E.O of “YBNL Nation” which is one of the most popular and promising record label in the country. He is a brand ambassador to Glo, Play Tv, Sterling Bank, Ciroc etc. Olamide has signed an endorsement deal with numerous companies such as Guinness, 9mobile and Ciroc. The rapper has also invested in the oil and gas sector as he currently owns two filling stations. He charge between 3 to 5 million naira per show.

9. Phyno – net worth N5.5 billion


Chibuzor Nelson Azubuike popularly known as Phyno is the ninth on our list of top richest Nigerian musician 2019. Phyno who is an indigenous rapper from the Eastern part of the country was born in Enugu state on 9 October, 1986. The rapper started his career in 2003 as a producer and today he is currently the best Igbo rapper as he has built a brand that is very difficult to surpass.

Both Phyno and Olamide took indigenous rap to a level that shows no sign of declining. The rapper has signed numerous endorsement deal and he is also the brand ambassador of some multimillionaire companies. Phyno as an household name as earned the rapper N5.5 billion, he charges between N2.5 to 3 Million per show.

8. Banky W – net worth N6 billion

Olubankole Wellington popularly known as Banky W is the eight on our list of top richest Nigerian musician 2019. He was born in America on March 27th, 1981.

Banky W began his musical career in 2002. And ever since then, he has soared high in the music and entertainment industry at-large. He is one artist that will always be mention whenever it comes to Nigerian Entertainment. The singer brought Wizkid and Skales to limelight as he is the CEO of E.M.E records Which Wizkid and Skales was formally signed to. He is currently married to popular Nollywood actress Adesua Etomi.

The Singer has ventured into acting, film production and politics. He is a brand ambassador for top multinational companies such as Samsung and Uber.

7. Timaya – net worth N7 billion

Enitimi Alfred Odom who is popularly known by his stage name Timaya is the number seven on our list of top richest Nigerian musician 2019 with the estimated net worth of N7 billion. Timaya was born in Port Harcourt, Rivers State on 15th August, 1980. He kicked off his musical career in 2005 with the debut album titled “True Story”.

Timaya who is also known as the Dancehall King of Nigeria has a total of six albums and lots of banging singles. His most recent album (Chulo Vibes) was released on February 8, 2019. The Dancehall singer has sign endorsement deal with Cognac brand Hennessy and Globacom Telecommunication company.

6. Peter Okoye and Paul Okoye – net worth N8 billion each

Sometime ago the duo were the Forbes richest Nigerian musician but due to their splitting up they are now ranked 6th.

Mr. P a.k.a Peter Okoye and Rudeboy a.k.a Paul Okoye were formally known as Psquare were born on 18th November, 1981 in Jos, Plateau State. The twin brothers created the extremely popular P-Square band which was the most famous duos in Nigerian music industry until they decided to go separate ways. Peter Okoye is building a career on his own and he has a lot of lucrative deals with Olympic Milk and Kia Motors.

The brothers were previously earning $150,000 per concert in Africa; Among their possessions were a big mansion and a private jet. Today they both ranked sixth position of the rating, and have about N8 billion each.

5. 2Baba (2Face) – net worth N15 billion

Ujah Idibia, who is better known with his stage names 2Face and 2Baba, takes the fifth position on the list of top richest Nigerian musician 2019. This talented singer was born in Jos on September 18th, 1975. 2face was formerly part of the musical group called “Plantashun Boiz” before the split and he signed to Kennis music record label. He currently have six album to himself, his debut album “Face 2 Face” was released in the year 2004.

2baba is regarded as a legend in talking about Nigeria Music Industry, a lot of his songs are been sold internationally and are topping the musical charts. The song African Queen by 2face still remain evergreen since the day it surface. His musical strength brought him a number of awards like MTV Europe Music Award, BET Award, the Headies Award, and it has also earned him an estimated net worth of N15 billion.

4. D’Banj – net worth N16 billion

Oladapo Daniel Oyebanjo popularly known as D’Banj is the forth on the list. he was born in Zaria, Kaduna State on 9th June, 1980. He was part of the then famous MOHITS group headed by Don Jazzy.

D’Banj has got many African, European and American awards for himself. In the year 2016, he was rated second in T.I.N. Magazine’s rating of the Nigerian richest musicians, the singer has got four studio album to himself, he was featured on two compilation album. For you to get D’Banj to perform in your event you must pay the sum of N 5 Million.

3. Don Jazzy – net worth N17 billion

Micheal Ajereh Collins who is popularly known as Don Jazzy is the third on the list. He is a singer and a producer, he was born in Umuahia, Abia State on 26th November, 1982. He is the founder of the then MOHITS Records. Don Jazzy is the CEO of the famous Mavin Records, he charges from N600,000 upwards to produce beats for musicians.

Aside singing and producing, Don Jazzy also have profitable contracts with some multinational companies such as MTN and Loya Milk. Due to all, mentioned above, the net worth of Don Jazzy is estimated at N17 billion today, and he possesses property in the Banana Island and several cars like Bentley and Porsche Carrera.

2. Wizkid – net worth about N20 billion

Ayodeji Ibrahim Balogun who is popularly known as Wizkid, used to be the boy of Banky W back in the days when he was under EME records. He was born in Surulere, Lagos State, on 16th July, 1990. He is the CEO of the famous record label called Star boy Entertainment.

He gain popularity in the year 2010 when he released the song “Holla at Your Boy”, a song from his debut album tagged “Superstar”, Wizkid now has three successful album to himself. The song “One Dance” which he recorded with the famous music performer Drake appeared in Guinness World Records. Therefore, Wizkid is the first Afrobeat musician whose name was included in the book of Guinness World Records. The singer has a lot of endorsement deals with some top multinational companies such as Pepsi and Glo. He has also gain recognition as he has been nominated for a Grammy Awards, MTV baze awards and he has also won the award of the best musician in Africa. It is said that the singer net worth is estimated to be N20 billion.

1. Davido – net worth N20 billion

David Adeleke popularly known as Davido is currently the richest musician in Nigeria. The singer was born on 21st November, 1992 in Atlanta, United States. His debut  album “Omo Baba Olowo” was released on 17th july, 2012. The singer has got a lot of awards to crown his effort. He owns the popular HKN records label.

He is signed to a renowned world musical label “Sony Music”, His song “Fall” is currently topping the charts in some radio stations in New York.

The singer has two beautiful daughters: Hailey Veronica Adeleke, whose mother is Davido’s American ex-girlfriend, Amanda, and Aurora Imade Adeleke which is from his former lover Sophie Momodu.

Recently, the singer purchased a private jet and has also signed as the brand ambassador of infinix. Davido charges up to N10 million to perfom in a musical show. he owns several houses and cars such as Porsche, Chevrolet Camaro and Range Rover Sport. Today the singer is estimated to worth N20 billion.

I believe you now know the answer to the question “Who is the richest musician in Nigeria?” perhaps, the rating will change soon because  they are a lots of rivals in the industry.

Ifeanyi Ekwueme

The C.E.O of A graduate of Accounting from Enugu state university of science and technology(Esut)


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