See List of Top five Richest Musicians in Nigeria

Top five Richest Musicians
Top five Richest Musicians

It is very true that the Nigerian Music industry is fast growing, thereby rich and talented singers have sprang forth over the years.

It is also an undeniable fact that many singers from the Nigerian music industry are top ranked in Africa.

Winning many international awards and doing great exploits, featuring in international music and countries, Nigerian singers are really moving the industry forward.

It is also true that many musicians through the music industry has moved from grass to grace to show how lucrative the music industry is.

In this article are the top five richest singers in Nigeria.

1: Wizkid - Net worth of $20 Million

On our top list is the famous Musician, Ayodeji Ibrahim Balogun (born 16 July 1990), popularly known as Wizkid.

Wizkid's net worth estimate at 20 million U.S dollars. Singing is not the only source of income for this talented singer.

He was barged several endorsement deals from prominent companies like GLO, MTN Nigeria which earned him N120 million to become a brand ambassador.

His net worth massively increased when he secured multi-million deals with Guinness and Pepsi.

The talented singer added more to his net worth when he signed a mega-deal to be brand ambassador for United Bank for Africa (UBA) in July 2019.


According to the 2020 Forbes list, Wizkid happens to be the richest Nigerian musician with net worth of $20 Million.

Properties acquired

Wizkid has a ₦13 million mansion in Lagos, and another mansion in Los Angeles.

His car collection includes:

·      Lamborghini Urus (₦80 million)

·      Porsche Panamera (~₦50.8 million)

·      Used Mercedes Benz G63 AMG (₦55 million – ₦65 million)

·      BMW X6 crossover (₦8.7 million)

Read also >> Nigerian Actress, Rita Dominic discloses pictures of her lover, Fidelis Anosike

2: 2: Davido - Net worth of $19 Million

The next on the list is David Adeleke, known as Davido, his net worth is estimated at 19 million U.S dollars.

Davido was born in Atlanta, United States of America to the rich and wealthy Nigerian family of Dr Adedeji Adeleke, who is the CEO of Pacific Holdings Limited and a co-founder of the Adeleke University in Osun state.

Davido's net Worth was gotten from music and endorsement deals. Some of which are the $78,296 MTN endorsement deal, Infinix mobile, Guinness Nigeria.

Davido also gained greatly from his YouTube channel which has attracted over 663 million views since its creation, this went a long way to improving his net worth.

Properties acquired

Davido own two mansions in Lekki, Lagos. He also own a getaway mansion in Georgia, USA.

Check out Davido's car collection:

·      Rolls Royce Cullinan 2019 (~₦350 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

·      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)

3. Don Jazzy – Net worth of $18.5 million

Collins Michael Ajereh, popularly known as Don Jazzy is the third richest Nigerian Musician on our list. 

Don Jazzy is a native of Umuahia in Abia State, Nigeria. He was born on the 26th of November, 1982.

Don Jazzy's estimated net worth is over $18 million. Don Jazzy is a music producer, entrepreneur and musician.

Don Jazzy music career started with him working with D’banj to produce various hit tracks as Mo'hits record before they both went their separate ways in 2012. 

Afterwards he created a new record label, Mavin Records.

Don Jazzy has effectively made several superstars like Wande Coal, Tiwa Savage, Reekado Banks and many more. 

He does not only gain income from music as he also has profitable contracts with companies like MTN and Loya Milk.

His career has brought him awards as a top music producer.

Properties acquired

Don Jazzy has three mansions, at Lekki, in Banana Island, Lagos, and another at Los Angeles, USA.

His rides includes:

·      Porsche 911 Carrera (~₦42 million)

·      Bentley Continental (~₦25 million)

·      Cadillac Escalade (~₦27.2 million)

·      Used Mercedes Benz E350 (~₦20 million)

4. Burna Boy - Net worth of $17 million

Damini Ebunoluwa Ogulu whose stage name is Burnaboy is the fourth richest Nigerian singer, with an estimated net worth of 17 million dollars.

 Being an indigene of Mbiama in Ahoda West LGA of Rivers State. He was born in Port Harcourt, Rivers states before his parents relocated from Port Harcourt to Lagos. 

After releasing his hit single ‘Like to Party’ from his debut album L.I.F.E burna got fame in 2012.

They sold 40,000 copies of L.I.F.E. on the first day of its release and sold its marketing rights to Uba Pacific for 10 million Naira.

Other famous artists featured among them were 2face, M.I, Reminisce, Wizkid, Timaya, and Olamide while Leriq produced the album

After leaving Aristokrat records in 2014, in 2015 he established his record label named Spaceship Entertainment.

He is currently a brand ambassador to Globacom, Nigerian Breweries Plc, and Mortell Cognac.

Properties acquired

Burna Boy is an exotic car lover. Check out the list of his cars; 

·         Lexus

·         Bentley

·         Mercedes-Benz G Wagon.

·         2013 Ferrari 458 Italia

·         Rolls Royce Down Convertible

5. 2face – Net Worth of $16 million

Innocent Ujah Idibia also known as 2face was born on the 18th of September in Jos. Even though he was born in Jos, he is an indigene of Benue State.

The Benue state indigene, 2Face is the fifth richest Musician in our list with a net worth of $16 million naira.

2face started with a group called Plantashun Boiz  which he sang for a while and later on went solo.

The release of the album ‘African Queen’ in 2004 brought him to limelight and since then he has remained on top of his game as every of his song is a major hit.

2face has also won for himself awards like the Headies, MTV Music Awards, and BET Awards.

Properties acquired

2face own two mansions in Lagos, relaxation lounges at Lagos Island, Festac, and Ikeja and a luxurious apartment in the US.

Check out his car collection:


·         Chevrolet Corvette Coupe (~₦45million)

·         Ferrari Coupe (₦57 million - ₦80 million)

·         Used Toyota Land Cruiser Prado (₦30 million – ₦52 million)



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