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Tuesday, May 30, 2023

Top 10 Richest Male Nigerian Musicians

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The Nigerian music industry is one of the industries that have gone through a tremendous amount of change in the last couple of years.

If we decide to compare the songs that are made now and compare them to songs of a few years back, one would be able to tell that there is a clear difference between them.

This shows that Nigerian musicians have really grown, and this growth could be seen in the music they write and produce.

In this article, we would look at those musicians that have made it to the list of people considered to be the ten richest male nigerian musicians.

1. Ayodeji Ibrahim Balogun (Wizkid) – $20 million

Wizkid Net Worth

Ayodeji, or as he’s better known as Wizkid (StarBoy), is a Nigerian musician. He was born on the 16th of July, 1990 in Surulere, in Nigeria. Wizkid had always had the talent for music; he did his first collaboration when he was 11 years old with a group called Glorious Five, which he formed together with his friends in the church.

In the year 2010, he released his first album Super Star, and one of the very popular songs from this album was Holla at your Boy this song gave him recognition, and from that point, his journey to stardom began.

He had featured in various songs, both locally and internationally. He did songs artist like Drake, Beyonce, etc. Wizkid appeared in the Guinness Book of record, making him the first afrobeat musician to appear in this book.

Wizkid has countless endorsements from Pepsi to Glo and Tecno mobile. Aside from these endorsements, he owns properties within and even outside the country

Wizkid’s Summary

  • Full Name: Ayodeji Ibrahim Balogun
  • Stage Name: Wizkid or Star Boy
  • Date of Birth: 16th July 1990
  • Nationality: Nigeria
  • Net worth: $20 million

2. David Adedeji Adeleke (Davido) – $19 million

Davido Net Worth

Davido was born in Atlanta, Georgia, United States, on the 21st of November 1992; his father is a very wealthy businessman, and his mother was a University Lecturer.

Davido is by far one of the most famous musicians in Africa, and he also occupies the second richest musician in Nigeria.  After his debut album Omo Baba Olowo he gained recognition locally and internationally, ever since, and his musical career kept growing.

Davido gets a massive number of viewers on YouTube and a crazy number of followers on Instagram, through his social media platform, Davido keep his fan up to date. Davido also has various endorsements deals from companies like AXE, Infinix mobile, etc.

Davido’s Summary

  • Full Name: David Adedeji Adeleke
  • Stage Name: Davido
  • Date of Birth: 21st November 1992
  • Nationality: Nigeria
  • Net worth: $19 million

3. Michael Collins Ajereh (Don Jazzy) – $18.5 million

Don Jazzy Net Worth

The famous Nigerian producer and singer Don Jazzy, is the third wealthiest Nigerian musician, he got his fame from his resilience, outstanding talent, and his overall passion for music.

Micheal (Don Jazzy) was born on the 26th of November 1982, and he is an indigene of Umuahia, in Abia state, and his real name is Collins Michael Ajereh.

Don Jazzy and D’Banj made collaboration, through their collaboration the form the MoHits crew. In 2012, their collaboration came to an end, so did MoHit; But shortly after that, Don Jazzy created a new record label Mavin Records, and today, he makes millions through this record and various endorsements and ventures.

Don Jazzy’s Summary

  • Full Name: Michael Collins Ajereh
  • Stage Name: Don Jazzy
  • Date of Birth: 26th November 1982
  • Nationality: Nigeria
  • Net worth: $18.5 million

4. Damini Ebunoluwa Ogulu (Burna Boy) – $17 million

burna boy net worth

Damini Ogulu, or as we all know him, Burna Boy, is a very popular musician in the country and outside the country. He is a songwriter, and a singer, his track Like to Party in 2012 brought him to the limelight.

And since he had always left his fan hungry for more of his music.

Burna Boy has done a good number of music with world-class stars like Beyonce and a host of other musicians. With endorsements, real estate, and various enterprises, he currently worth $17 million.

Burna Boy Summary

  • Full Name: Damini Ogulu
  • Stage Name: Burna Boy
  • Date of Birth: 2nd July 1991
  • Nationality: Nigeria
  • Net worth: $17 million

5. Ujah Idibia (2Baba or 2Face) – $16 million


Ujah Idibia, popularly known as 2face Idibia, is one of Nigeria’s oldest musicians, and he still makes sure he fans have a feel of his flavor and unique style of music.

Ujah was born on the 18th of September 1975, in Jos. His musical career started from an early age; he performed in school, and in university, he later had to stop school to concentrate on his career, and today he is one the wealthiest musicians in Africa.

2Face’s Summary

  • Full Name: Ujah Idibia
  • Stage Name: 2Face
  • Date of Birth: 18th September 1975
  • Nationality: Nigeria
  • Net worth: $16 million

6. Olamide Adedeji (Olamide Baddo) – $12 million


Olamide is a born Nigerian rapper, who went from grass to grace and made a name for himself in the industry. His first single Eni Duro was a massive hit, it propelled him into the future of music and since he had always come up with an outstanding piece of music.

He was born on the 15th of March 1989 in Bariga, Lagos state. His music often depicts the life of a common street boy, as he always tells the story of the life he led in the streets.

This outstanding musician had won countless awards, and he is a brand ambassador for various companies.

Olamide’s Summary

  • Full Name: Olamide Adedeji
  • Stage Name: Baddo
  • Date of Birth: 15th March 1989
  • Nationality: Nigeria
  • Net worth: $12 million

7. Chibuzor Azubuike Nelson (Phyno) – $11 million


Phyno is one of the highly influential Igbo rappers in the country; his rapping skill is one that is adored by his fan. He was born on the 9th of October 1986 in Enugu.

His style of music is unique in the industry; this man has won himself many awards and got himself endorsements deals. With a net worth of $11 million, he sits on the seventh spot.

Phyno Summary

  • Full Name: Chibuzo Azubuike
  • Stage Name: Phyno
  • Date of Birth: 9th October 1986
  • Nationality: Nigeria
  • Net worth: $11 million

8. Enitimi Alfred (Timaya) – $ 10.5 million


The Bayelsa man, Timaya, was born on the 15th of August 1980, in Rivers, Port Harcourt. He founded his music group, Dem Mama Soldiers, in 2005, and he went solo and released his debut album True Story, in 2008 he released two albums Gifted and Grace.

He is seen as one of those musicians who started from zero, and today they made names for themselves.

Timaya has various endorsement deals, real estate businesses, and multiple properties within and outside the country.

Timaya Summary

  • Full Name: Enitimi Alfred
  • Stage Name: Timaya
  • Date of Birth: 15th August 1980
  • Nationality: Nigeria
  • Net worth: $10.5 million

9. Peter and Paul Okoye – $10 million each

Peter and Paul Okoye

Peter and Paul, popularly known as P-Square, take the ninth position of the wealthiest Nigerian Musicians in Nigeria, they were born on the 18th of November 1981 in Jos Plateau state.

They created their own very own P-Square, which use to be the most famous band until they both went their separate ways.

Regardless of how things turned out between them, the brothers still make a significant amount of cash from endorsements, real estate, and many other side businesses.

Psquare Summary

  • Full Name: Peter Okoye, Paul Okoye
  • Stage Name: P Square
  • Date of Birth: 18th November 1981
  • Nationality: Nigeria
  • Net worth: $10 million each

10. Chinedu Okolie (Flavour) $9.5 million


Chinedu Okolie, popularly known as Flavour, used to be a drummer in his church, and he grew the talent and passion for music.

He’s song Ada Ada was nominated for MTV Best Music Video award in 2014, and like other celebrities, Flavour is seen as one of the very talented musicians in the country

Flavour Summary

  • Full Name: Chinedu Okolie
  • Stage Name: Flavour
  • Date of Birth: 23rd November 1983
  • Nationality: Nigeria
  • Net worth: $9.5 million

We hope that this article has been helpful. Kindly leave a comment.

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Emmanuella Oluwafemi
Emmanuella Oluwafemihttps://freelancespace.org
Emmanuella Oluwafemi is a sociologist, anthropologist, fashion model, and senior writer at Krafty Sprouts Media, LLC. She is also the founder of https://freelancespace.org
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