Have you ever asked yourself who is the richest Nigeria Musician in 2023? Worry yourself no more as we will reveal that in this article.
Nigeria music industry is undoubtedly the biggest in Africa with the country boasting of numerous talents.
These musicians have continued to make a name for themselves on the global stage and with the music industry known to be a lucrative business, these superstars are smiling to the bank.
However, not all of them have been able to make it big and only the ones with the highest net worth are on this list of the top 10 richest Nigerian Musicians.
When you analyze how much they make, it won’t come as a surprise.
We will be giving you the net worth of these rich and prominent musicians as well as information about how they made their money.
Without any further delay, let’s take a look at the top ten richest Nigeria Musician in 2023 and their net worth.
Richest Nigeria Musician In 2023
1. Wizkid $21 Million
Nigeria music star, Ayodeji Ibrahim Balogun popularly known as Wizkid or Big Wiz tops the list of the richest musician in Nigeria.
Wizkid’s net worth is estimated at 21 million U.S dollars in 2023 and this has not come as a surprise due to his dominance in the music industry.
Having made a name for himself while signed under Empire Mates Entertainment (E.M.E) in 2009, Wizkid has never looked back ever since, setting new records and smashing old ones.
Wizkid was the first Nigerian musician to be recognised in the Guinness Book of World Record for the most played song on Spotify.
In 2020, Wizkid released his fourth studio album which was titled, ‘Made in Lagos’. The album was well-received by music lovers with hit tracks like ‘Reckless’, ‘Ginger’ and ‘Essence’ breaking records on all streaming platforms.
Essence also made former American president, Barack Obama’s list of favourite songs.
Wizkid has been spending his money wisely, acquiring land properties in Nigeria and abroad. He also boasts of some expensive cars.
Lamborghini Urus (₦80 Million)
Porsche Panamera (₦60 Million)
Mercedes Benz G63 AMG (₦58 Million)
BMW X6 Crossover (₦9 Million)
2. Davido $19.5 Million
Davido rose to prominence in the entertainment industry when he released ‘Dami Duro’ in 2011, a song he co-produced with Shizzi.
Born in Atlanta, United States of America, to the wealthy Nigerian family of Dr Adedeji Adeleke, Davido has continued to dominate the music industry.
Despite Davido’s father being the co-founder of the Adeleke University in Osun state and the CEO of Pacific Holdings Limited, Davido has been putting huge effort into his career.
Davido’s net worth is estimated at 19 million U.S dollars and this comes from her earnings in the music industry as well as his endorsement deals.
Davido’s Cars And Houses
Davido has been putting his money to good use, the singer has two mansions in Lekki, Lagos, and a getaway mansion in Georgia, USA.
The signer’s car collection is dazzling with:
Rolls Royce Cullinan 2019 (~₦350 million)
Bentley Bentayga (₦108 million)
Bentley Continental GT (~₦95 million)
Porsche Panamera Turbo S (~₦22.8 million)
Range Rover Sports (₦84 million – ₦90 million)
Range Rover SV Autobiography (₦98 million)
Chevrolet Camaro GS (₦9.4 million)
Audi R8 (₦23.4 million)
Audi Q7 (₦12 million)
Mercedes-AMG GLS63 (~₦45 million)
Mercedes G-Wagon (~₦21 million)
Toyota Land Cruiser (~₦30 million) several cars like a Porsche, Range Rover Sport and Chevrolet Camaro
3. Don Jazzy Net Worth – $18.5 million
Mavins Record Boss, Don Jazzy remains one of the biggest entertainers in the music industry and his net worth shows how hard-working he is.
Don Jazzy is the only name on the list of the top richest musician in Nigeria who is not a singer.
Having produced numerous hits songs, Don Jazzy has been boss to top music acts like Wande Coal, Dr Sid, Tiwa Savage, D’Prince, Reekado Banks, Korede Bello, Rema and wave of the moment, Arya Starr.
Don Jazzy is the most endorsed Nigerian celebrity and is currently a brand ambassador for Glo, BetWay, VBank, Johnny Walker etc.
As an astute businessman and FX trader, he has some real estates across Nigeria.
A rough estimate put Don Jazzy’s net worth at $18.5 million.
Don Jazzy also boast numerous awards in the entertainment industry and he has become popular for helping upcoming artists.
Don Jazzy’s Houses And Cars
Don Jazzy has acquired for himself 3 mansions. One of the mansions is on Banana Island; the other is in Lekki, while the third house is in Los Angeles. Trust that this rich musician will have exotic cars- amongst his rides are:
Porsche 911 Carrera
Bentley Continental (~₦25 million)
Cadillac Escalade (~₦27.2 million)
Used Mercedes Benz E350 (~₦20 million)
4. Burna Boy Net Worth – $17 million
Grammy award-winning singer and songwriter, Damini Ogulu better known as Burna Boy comes number on the list.
Burna Boy has been able to prove his doubters wrong by becoming one of the most sorts after talent in the music industry across the globe.
The Atlantic Records artist has been racking in millions of naira through his endorsement deals, concerts and other private business.
Towards the end of December 2020, Burna Boy bagged partnership deals with fashion company BooHooMan and Beats By Dre.
He is also a brand ambassador for Star, Pepsi, Standard Chartered Bank etc.
In 2020, Burna Boy released his most recent music album, Twice as Tall, making waves nationally and internationally.
Twice as Tall earned him a 2021 Grammy Award nomination for the Best Global Music Album.
Burna Boy’s Cars And Houses
Burna Boy loves exotic cars. He once said he purchased his first ride, a Range Rover, at the age of 17. Check out some of Burna Boy’s cars:
Mercedes-Benz G Wagon.
2013 Ferrari 458 Italia
Rolls Royce Down Convertible
5. 2Baba (2Face) Net Worth – $16 million
Legendary singer and songwriter, Innocent Idibia popularly known as 2Face Idibia is the 5th richest Musician in Nigeria in 2021, with a net worth of $16 million.
2face Idibia started his music career with the Plantashun Boiz group, after which he went solo and he has never looked back since then.
The talented singer rose to stardom after releasing his first music album, ‘African Queen’ in 2004.
Since the debut of that song, Tuface has remained top of his game as he has made major hits back to back. He has notable awards to his name as he’s considered as one of the greatest in the entertainment industry.
2Face Idibia Houses and cars
Even though 2face likes living a private life, it’s not hard to tell that he possesses luxurious cars and houses.
He owns two houses in Lagos, one apartment in the US, and relaxation lounges in Ikeja, FESTAC and Lagos Island.
2baba is not very open about his collection of cars, but here are the cars that were caught ridden by 2Face:
Chevrolet Corvette Coupe (~₦45million)
Ferrari Coupe (₦57 million – ₦80 million)
Used Toyota Land Cruiser Prado (₦30 million – ₦52 million)
Richest Nigeria Musician In 2023
6. Olamide Net Worth – $12 million
Nigeria rapper, singer and music executive, Olamide Adedeji popularly known as Olamide or Baddo due to his street music’s nature comes number six on the list.
Born on March 15th, 1989, in Bariga, Lagos State, Olamide has been consistent dishing out hit tracks and albums consistently.
Olamide is well known to sing mostly in his native language Yoruba, and this has gained him many fan bases and followership across western Nigeria, especially Lagos.
Olamide who now has an estimated net worth of $12 million has been able to build a reputable record label which is YBNL.
The record label has produced the likes of Adekunle Gold, Lil Kesh and currently has Fireboy DML signed under it.
Olamide’s Houses and Cars
Olamide owns 2 mansions in Lekki and Bariga, Lagos. He also has a flashy garage with some expensive cars, including:
Toyota Venza (#6 million)
Range Rover Sports (#15 million)
Mercedes-Benz G Wagon (~₦23 million)
Range Rover Sports V8 (₦84 million – ₦90 million)
Used Rolls-Royce Phantom (~₦204 million)
7. Phyno Net Worth: $11 million
Taking the number seven spot is multiple award-winning singer and songwriter, Chibuzo Nelson Azubuike popularly known as Phyno.
Phyno was born on the 9th of October 1986 has been able to build a reputable brand in the music industry as his music has spread across the globe.
He is one of the few Nigerian musicians to have completed their undergraduate studies and he’s a graduate of Public Admin.
Phyno has numerous investments and he is also signed by some top brands in the country.
Phyno’s Cars and Houses
He also owns expensive cars, including a Rolls Royce Phantom:
Rolls-Royce Phantom (~₦204m)
Lamborghini Gallardo Spyder (₦74.6 million – ₦117.9 million)
Polaris Slingshot (~₦7.3 million)
Bentley GT Coupe (~₦72.7 million)
Range Rover Sports (₦84 million – ₦90 million)
Toyota Avalon (~₦11 million)
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Richest Nigeria Musician In 2023
8. Timaya Net Worth – $10.5 million
Initime Alfred Odom popularly known by his stage name, Timaya is the eighth richest musician in Nigeria as he has a net worth of $10.5 million.
Timaya started his music career with a music group he founded, he named the group ‘Dem Mama Soldiers.
His first professionally released song was ‘True Story which was released in 2005.
True Story was closely followed by other big hits like ‘Gift and Grace’ released in 2008 and De Rebirth, his third album.
Timaya is the CEO of the DM record label, which he signed King Perry to. This was after he groomed the likes of Runtown and Patoraking under the record label.
Timaya Houses and Cars
The talented singer has become famous for rocking designers on social media and he has a mansion worth ₦250 million at Lekki, Lagos State.
Timaya also boasts of 3 Mercedes G-Wagon cars in different colours.
Besides the Benzs, Timaya’s car collection is enviable with other expensive rides; see below:
Porsche 911 Carrera (~₦42 million)
2 Range Rover Sports (₦84 million – ₦90 million)
Mercedes-Benz G55 AMG (₦60 million – ₦85 million)
Mercedes-Benz GLE (₦20 million – ₦22 million)
Bentley Continental GT (~₦76 million)
Lexus LX570 2015 (₦29,000,000 – ₦39,000,000)
Used Lexus GX 460 (₦25 million – ₦42 million)
9. Peter Okoye and Paul Okoye – Net Worth of $10 million
Peter and Paul Okoye, the twin music artists, became stars from standing together to form the P-Square music brand.
This duo made it to our list of the top 10 richest musicians in Nigeria in 2021.
Paul Okoye now has a solo career just like his brother Peter and is known by the stage name Rudeboy. His brother Peter is also building his career solo.
Peter, or Mr P as he is called, had made ambassadorship deals with Kia Motors and Olympic Milk.
Mr P’s Cars and Mansion
Mr P has different luxurious houses. There is one in Lagos, Nigeria, and another one in Atlanta, USA. He is also a real car collector. He owns varieties of exquisite cars such as:
2 Range Rovers (₦50 million – ₦82 million)
BMW X6 (₦23.5 million – ₦28 million)
Dodge Challenger (₦10.8 million – ₦22 million)
Porsche 718 Cayman (~ ₦22 million)
Mercedes AMG GL63 (~₦45 million)
Bentley Mulsanne (~₦125 million)
Jeep Wrangler (~ ₦12.6 million)
Paul Okoye (Rudeboy)’s Cars and Mansion
Like his brother, Paul Okoye, currently known as RudeBoy, has mansions both within and outside Nigeria.
His collections of cars include:
Rolls-Royce Phantom (~₦204 million)
Rolls Royce Ghost (₦191 million – ₦247 million)
Land Rover Range Rover (₦50 million – ₦82 million)
Lamborghini Gallardo (₦74.6 million – ₦117.9 million)
10. Flavour Net Worth – $9.8 million
Chinedu Okoli, popularly known as Flavour, was born on the 23rd of November 1983 in Enugu State. He is from Orumba South Local Government Area in Umunze, Anambra state.
Flavour’s net worth is estimated to be at $9.8 million in 2021 – making him the 10th richest musician in Nigeria in 2021. Flavour is currently signed to 2nite Entertainment.
Lexus LX 570
Black Mercedes Benz G-wagon (40 million)
Land Rover (N25 million)
BMW X6 (18 million)
Summary: Richest Nigeria Musician In 2023 And Their Net Worth
Nigeria music industry is blessed with top talented singers and the list above only addresses the top ten richest personalities.
Some other big names in the industry have also been doing great for themselves, releasing hit music consistently and smiling to the bank. CHECK HERE FOR DETAILS ABOUT DAVIDO WIFE.