We observe as Nigerian artists spend big money, live in luxury, travel the world and buy the most expensive and luxurious homes. You may wonder if these musicians actually live within their means. Well, given the income they make from music sales, gigs, concerts, tours, significant endorsement deals, and other investments, it could.

Read on for more information as we present our top 10 list of Nigeria’s richest musicians.

Davido

In the list of Nigeria’s richest musicians, Davido seems to be the richest and richest artist. Interestingly, Davido is one of the hardest-working musicians in Nigeria and he has done a lot himself to reach this position.

In addition to his flying music career, the young musician is a brand ambassador for big companies and has numerous advertising deals that regularly bring in millions of Naira. In April 2012, Nigeria’s largest telecommunications network MTN and his Davido signed an advertising deal worth Naira 30 million. After receiving approval from the Guinness Company, David, along with other notable Nigerian artists, performed at the Guinness He World of More concert in October 2013. David also signed multi-million naira sponsorship deals with Infinix Smartphone Company, AX Deorant, First Bank Nigeria, Vichika, and other brands in May 2018. He charges between 10 million and 40 million nairas for shows in Nigeria and around $30,000 for appearances abroad.

Coming back to music, Davido is one of the most popular African artists on YouTube. One of his famous songs, his FALL, has been played more than 200 million times in Nigeria and is the longest-running Billboard hit on his charts in Nigerian pop history. The superstar also had Africa’s biggest hit with the release of his latest album Timeless. 

Notably, Davido owns a luxurious four-bedroom semi-detached house in Lekki, Lagos, Nigeria, with a jacuzzi, swimming pool, and fully equipped gym, valued at an estimated $140 million. equivalent to Naira. He has just purchased a vacation home on Banana Island in Lagos, Nigeria, for a considerable sum of money. He also reportedly owns a $20 million home in Atlanta, Georgia. Davido aka ‘OBO’ has a great taste for exotic cars and his garage has a wide variety of cars, including a Lamborghini Huracan Coupe, a Range Rover Sport, a Mercedes-Benz GLE 450, a Rolls-Royce Cullinan, and a Bentley in his Bentayga. Overflowing. From his garage, you can see that David owns at least one of the most expensive cars in the country.

Wizkid

Wizkid had an aptitude and strong passion for music since childhood. In fact, Starboy began recording songs at the age of 11 and released his debut album with friends from church. He’s Africa’s top Afrobeat singer, so it wouldn’t be news that he’s Nigeria’s richest and wealthiest musician.

It is worth noting that Wizkid has worked on numerous important and fruitful projects and partnerships with renowned national and international artists. He has collaborated with notable musicians such as Drake, Chris Brown, Ty Dolla $ign, Skepta, Trey Songz, French Montana, Cranium, Future, H.E.R., Ella Mai, Damien Marley, and many more. He was also one of the main artists on Beyonce‘s album The Lion King.

Note that Wizkid’s collaboration with Drake on the song “One Dance” made him the first Afrobeats artist to be named in the Guinness Book of World Records for being part of the most streamed music in the world. . Wizkid was also the first Nigerian artist to chart on the US Billboard He Hot 100. In addition, the song has charted her at number one for over 10 weeks in over 15 other countries. His latest album Made in Lagos, which debuted at number two on the Billboard Hot 100 World Albums Chart on October 30, 2020, is the first African album on Spotify’s Global Albums Chart.

In addition to selling songs, Starboy also earns exorbitant amounts of money from shows and international tours. Wizkid performances cost between 15 million Naira and 50 million Naira. Their annual tour of the UK and US regularly sells out venues such as the O2 arena. In 2018, Wizkid became one of the highest-paid musicians in the world, being paid Rs 50 million (more than Naira 245 million) for his performance at an Indian royal wedding. He also sells Nike-produced merchandise for his albums Made in Lagos MIL and Starboy, both of which have sold out multiple times.

Reported widely by numerous publications, we know a mansion in Surulere, Nigeria, valued at around 13 million NGN, and another in Los Angeles, California, are both owned by Wizkid. Plus, among Wizkid’s car collections are a Mercedes-Benz G63 AMG, a Lamborghini Urus, a Porsche Panamera, and a BMW X6 crossover.

Don Jazzy

Yes, Don Jazzy appears to be one of Nigeria’s richest artists, with a net worth in the millions, but with 30 successful years in the music industry, this shouldn’t come as a surprise. It is guessed.

Don Jazzy’s wealth was greatly aided by Mo Hits Records, which he co-founded with Deebunge. Don Jazzy and Dbanj eventually went their separate ways and in 2012 he founded Mavin Records, Nigeria’s leading music label.

Mavin Records has helped artists such as Tiwa Savage, Wande Coal, Reekado Banks, and Iyana rise to prominence. Pioneers of this label also include Korede Bello, Dr. Sid, D’Prince, Dijah, Johnny Drille, Ladipoe DNA Twins, Rema, Crayon, Ayra Starr, Magixx, boy spyce, and Bayanni.

Don Jazzy, one of Nigeria’s richest musicians, has a keen interest in expensive cars and houses. His fleet of vehicles consists of a 2016 Cadillac He Escalade,  Bentley He Continental He Flying Spur, Range Rover Sport, and Porsche 911 Carrera. Don Jazzy is also known and respected for his philanthropic personality as he regularly gives out big prizes on social media platforms to support Nigerian youth.

Burna Boy

Burna Boy was the first Nigerian to be nominated for two consecutive Grammy Awards, winning one Grammy in the process. Burna Boy, who has a fantastic net worth, is probably Nigeria’s fourth-richest musician

The Grammy Award-winning singer, rapper, songwriter, and lyricist has been one of the genre’s leading international figures since his 2012 breakthrough. Notably, one of his top songs of 2022, “Last Last,” is in the top 10 most searched songs on Google, alongside Harry Styles’ “As It Was.” It was one of only two non-Asian songs. His song “It’s Plenty” is listed as one of his most streamed songs of 2022 and Verna his boy status as one of Nigeria’s richest musicians is largely due to due to streaming exposure.

Still, Burnaboy makes a good chunk of its revenue from concerts and ticket sales. In April, they made their debut at New York City’s Madison Square Garden to a sold-out house. The arena sold out to a capacity crowd of 20,789 and is said to have improved Burna Boy’s status as one of Nigeria’s richest artists by at least US$7.3 million.

Burna Boy owns a number of luxury cars, including a 2013 Ferrari 458 that he bought for N100 million and a Rolls-Royce Dawn Cabriolet that he bought for N200 million in 2019. Additionally, he owned a Mercedes S-Class, Bentley Continental GT, G Wagon, and Range Rover Autobiography SUV. He owns a multi-million naira eight-bedroom property in Lekki, Lagos, Nigeria, and is rumored to also own a home in wealthy Beverly Hills, California.

D’Banj

It’s no surprise that D’Banj is on the list of the 10 richest Nigerian musicians. He is one of the country’s most famous and wealthy artists.

Ciroc beverages, Beats By Dre, maker of popular gadgets and mobile phone accessories SLOT Nigeria His brands As his ambassador, D’banj has also secured millions of naira in endorsement deals with major companies such as Heritage his bank. The veteran artist has received his first official endorsement from Globacom Nigeria, winning an energy drink called Power Fist worth $442,000. He also runs his $100,000 cream platform called Brainchild Cream, where he charges from $7 million to $8 million per show and makes exorbitant sums on tours and concerts. Earning. In addition to being an investor, he is also an entrepreneur with other profitable ventures.

D’banj has been passionate about music since his school days. He learned to play the harmonica from an early age and released the song “Tongolo” in 2004 in collaboration with Don Jazzy. He and Don Jazzy then co-founded Mohit’s Records, under which he released a number of hit singles and albums. After that, the album ‘Mo’Hits’ was a failure and D’Banj achieved great success and financial success as a solo artist with numerous hit singles and around 4 studio albums. Snoop Dogg, Kanye West, Gucci Mane, Tony Montana, Big Sean and other world-renowned artists have worked with him on successful projects.

Note that D’Banj has a wide range of luxury possessions, is very fond of exotic cars, and recently purchased an Aston Martin Vantage for his garage. To my surprise, he bought two for himself as well. Additionally, he has driven luxury cars such as custom Rolls-Royce Wraith,  Bentley,  Rolls-Royce Ghost,  Mercedes SL500,  Ferrari F30, and Porsche 911. He also owns a Harley-Davidson motorcycle, two Toyota Land Cruiser Prados, and a Mercedes-Benz C-Class. Apparently, he has another luxury home in the United States, in addition to his gorgeous home in Lekki, Lagos State, Nigeria.

2Face or 2baba

2Face is one of Nigeria’s most popular musicians. In fact, he is considered a legend in the country’s music industry. The veteran musician is revered and revered by Nigeria’s richest and most popular musicians today. He achieved great success for himself and for African music. In fact, he owns seven of his albums and runs his famous record label, Hypertek Media. 2Face achieved widespread popularity and recognition around the world and in Africa, largely thanks to his record-breaking hit “African Queen”.

2Face, also known as 2Baba, is one of the top 10 richest musicians in Nigeria, according to research. He has multi-million naira endorsement deals with partners Mobile, Campari, and Gro. He also has sponsorship deals with Glo and Campari. His recent endorsements include multi-million naira deals with smart accessories leader Oraimo and property developer Pazino Homes and Gardens. Additionally, 2Face has sponsorship deals with Guinness and Airtel.

In addition to music and promotional activities, 2Face also has a successful business and is an avid farmer, which allows him to supplement his income through music. He is said to be a wealthy man of Naira 250 million and owns the popular nightclub Roomers in Lagos and a sprawling farm in Benue. 2Face doesn’t flaunt its extravagant lifestyle, but its garage is filled with rare cars priced at millions of Naira, including Ferraris, Bentleys, Mercedes-Benz, Ghis wagons, Range Rover his Sport. He previously received a $100,000 Chevrolet Corvette Coupe as a gift. He also owns two multi-million Naira mansions in Lagos, Nigeria.
One in Lekki and the other in Banana Island.

Timaya

Timaya, who runs Dem Mama Records, rose to fame with the release of the hit song Dem Mama and debut album True Story. He pioneered his own musical genre, often referred to as the Dancehall King.

Amazingly, Timaya actually earns enough money to rank as the 7th richest musician in Nigeria. Timaya’s status as one of Nigeria’s richest musicians is bolstered by his position as CEO of the DM record label, which debuted with King Perry. Notable musicians include Patoranking and his Runtown. He also has sponsorship deals worth millions of naira with big names like Glow, MTN, and Hennessy, and is rumored to be charging between two and four million naira for appearances on shows.

Among the list of Nigeria’s richest musicians, Timaya is one of the most extravagant. He currently owns a $250 million mansion in Lekki, Lagos. The musician is never shy about showing off, as evidenced by his collection of colorful Mercedes G wagons that once made him a hit on social media.  Mercedes-Benz GLE,  Bentley Continental GT, 2015 Lexus LX570, and Mercedes-Benz G55 AMG are among his some of the impressive cars in his collection.

Olamide

Olamide is now worth millions of dollars and is among the top 10 richest musicians in Nigeria. Starr is a popular rapper from Nigeria who primarily uses her native language, Yoruba. He rose to fame in 2011 with the release of his hit single ‘Eni Duro and the debut his album ‘Rapsodi’. He’s not just a popular rapper. He too stands out from the crowd and has made a name for himself in the hip-hop music industry.

As one of Nigeria’s most reliable and hardworking artists, Oramid has released consecutive successful songs over the past decade. He has eight studio albums, the latest of which, Carpe Diem, was released on October 8, 2020. There are also three collaborative albums of his. He also owns a record company called YBNL, which has signed great musicians such as DJ Enimoney, and Fireboy, Asake.

Notably, he became the first Nigerian musician to sign a multi-million naira contract with Ciroc in 2013 and also signed a lucrative endorsement deal with Etisalat, one of Nigeria’s largest mobile operators. there is He also has multi-million naira sponsorship deals with Guinness He Stout, Monster He Energy Drink, Goldberg Lager, Sterling Bank, Peak He Milk, and Aitel He Fonds. His fans always come in droves, so Olamid earns an exorbitant amount of money from his annual tours and concerts, costing him between 5 million and 8 million to appear on shows.

Note that Olamide has a large fleet of expensive vehicles such as the Lamborghini Aventador,  Royce Rolls Phantom,  Range Rover Sport, and Range Rover V8. Oramid also purchased many luxury villas. His house in Lekki is worth N70 million. He also owns a house in Baliga estimated to be worth N25 million. A third house, also in Barriga, was purchased for his mother and is valued at Naira 20 million.

P Square brothers

P Square is a duo that cannot be ignored when discussing the 10 richest Nigerian musicians based on research. With a combined net worth of $10 million, this music duo ranks ninth on the list. Although P Square took a brief hiatus from music, its success and impact on African music will never be forgotten.

Yes, P Square is one of the most respected musicians in the music industry due to her long history of enduring great contributions to Nigerian and African music. When their number one song “Señorita” came out, they garnered critical acclaim.

The duo make a ton of money from their tours and concerts and share a 200 million Naira house in Banana Island Square Ville. In addition, we will charge approximately 10 million naira as a performance fee. Alongside their singing careers, they have endorsement deals and investments that bring in millions of naira each and have multi-million naira homes and other assets registered in their names. In Atlanta, the United States, the two also live together in a villa.

Phyno

Phyno is one of Nigeria’s most talented rappers. He raps in his native language, Igbo, and speaks very good and talented English. He started his career as a producer of his records in 2003 and later became known for the popular song “Ghost Mode”, which he collaborated with Olamide. The song was warmly received across Nigeria, but especially in the southeastern part of the country it has almost become a national anthem.

Phyno is the best at what he does and is incredibly talented and versatile in rapping. He made the rap game look so easy. Not to mention his consistency. Since entering the music industry, Fino has consistently released excellent albums and songs.

Phyno amassed a lot of wealth as he has endorsement contracts worth millions of naira with companies like Glo, Airtel, and Nairabet. He is a brand ambassador for well-known companies like Monster Energy Drink. Additionally, he has endorsement agreements with Tom Tom, Cadbury Nigeria PLC, and Life Lager Beer. Remarkably, Phyno is the owner of numerous multi-million naira properties and vehicles, including a Rolls Royce Phantom worth 170 million naira, a Rolls Royce Phantom worth 170 million nairas, a Bentley Continental GT worth 73 million nairas, and a Polaris Slingshot worth 7 million nairas. In addition to a property in his hometown of Enugu, Nigeria, valued at 70 million nairas, he also owns a three-bedroom duplex in Lekki, Lagos, Nigeria.