Top 10 Richest Musicians In Nigeria 2020.
These days, Nigerian Musicians have been dominating the group of elites in the society. We see them post various photos of them in Private Jets, Rolls Royce, Porsche, and other places where only the wealthy can be found.
This has proven to us that majority of them who started from the scratch in music can now boast of attaining a level of affluence. As a result of this, there is a rising urge on our side to know those who top the list of Richest Musicians in Nigeria. Certainly, you wanna know where your fave stands.
Unfortunately, this list won’t give you the names of all Nigerian Musicians and Sequential number, but will focus on only the Top 10 Richest Musicians in Nigeria.
Who is The Richest Musician in Nigeria Today?
Find out and see the wealthiest musicians in Nigeria and their net worth in 2020.
10. Paul Okoye – $10 million
Now known as Rudeboy, Paul Okoye is one of the most famous and successful music duo (PSquare) which split some years ago.(2016 precisely).
He is married to Anita Osama and their Union is blessed with a son(Andre Okoye). The Musician himself was born on the 18 November, 1981, and has started singing since 2001 till date.
While he was still with his twin brother, Mr P, in their PSquare Duo, they were nominated and won so many awards like City Mag, Nigerian Music Awards, MTV Africa Music Awards, B.E.T Awards, and a lot more.
However, even after they split, Paul Okoye or Mr. P is estimated to worth around 10 Million Dollars. Now imagine how much they will worth if they were still together.
PSquare is known for hits like Danger, Chop My Money, Nobody Ugly, Beautiful Onyinye, Personally, Bank Alert, Bring It On, Away, Bizzy body to mention a few.
9. Peter Okoye – $10 million
The other one in the former PSquare Duo, Peter Okoye who we now know as Mr P. Since Mr P and Rudeboy are identical twins, they therefore share the same date of birth [18 November, 1981].
PSquare group was signed to their own record label (Square Records). They are known to perform with other reputable artistes like Akon, Sean Paul etc.
The duo signed an ambassadorship deal with Globacom which earned them a lot of money too. However, the deal has not been renewed since 2016.
Peter Okoye is married to Loretta Omotayo and their Union is blessed with two children, Cameron and Aliona Okoye.
Mr P is also estimated to worth around 10 million dollars, which is the same as his twin brother’s and former partner, Paul Okoye. This is because their assets were divided into two halves when they split.
Also, the former duo had a private jet in their name while they were still known as PSquare, but we do not know anything about it now. They have probably sold it and shared the returns too.
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8. Timaya – $10.5 million
Inetimi Timaya Odon, popularly called Timaya was born on the 15 August, 1977. He has been in the Nigerian Music Industry since 2005 and has since then been successful in what he does.
He is well known for his raggae hits, dancehall, hip hop, and afro beats like 2 stoopid, Balance, Bam Bam, I Can’t Kill Myself, Ah Blem Blem, Telling Person, I Concur to mention a few.
Recently, he showed us his mansion, which has a cinema and a big swimming pool in it. The mansion is located in Lekki, Lagos Island. In fact, he has a Bentley, Range Rover, Lexus, Mercedes Benz, etc.
The Raggae Pop artiste has received so many awards nominations and has won a whole lot of them like Nigerian Music Awards, The Headies, AFRIMMA, Grammy. He is well recognised locally and internationally.
Timaya’s net worth is around 10.5 million dollars, judging from his assets and properties. That’s not a small money at all.
7. Phyno – $11 million
The famous indigenous rapper, Phyno, whose real name is Chibuzor Nelson Azubuike was born on 9 October, 1986. He is a native of Anambra, but was born and bred in Enugu State, Nigeria.
Little did we know that Phyno was also seen playing some roles in movies. Therefore, he was also an actor before he came into limelight as a musician.
The rapper does his own rapping in the native Igbo Language and is known to dominate in his field. He started his music career in 2010 and has since been successful in it.
Phyno Fino has released a number of debut albums like No Guts No Glory, Ghost Mode etc. He has also featured quite a number of other Nigerian artistes like Olamide Baddo, Omawunmi, PSquare, Timaya, M.I, Ice Prince, Ill Bliss, Davido, Don Jazzy, Yemi Alade, Lil Mesh, Mayorkun, Falz etc.
Moreover, he has been nominated for awards like the Headies, Nigerian Entertainment Awards, City People Awards, MTV Africa Music Awards and of course has won a few of them.
The Igbo rapper is not known to possess a private jet, although he is usually seen in Private Jets in most of his photos. Well, someone of such popularity can’t travel in an economy class aircraft, so he for sure has to fly private.
He owns a Bentley, Rolls Royce, and a Range Rover Sports. The musician has signed a number of endorsement deals with Nairabet, Guinness, Airtel etc.
Phyno has a net worth of 11 million dollars. That is why he comes to number 7 on our list of the top 10 richest musicians in Nigeria.
6. Olamide – $12 million
Another Indigenous rapper, singer and songwriter, born on 15 March, 1989, Olamide Adedeji. He started his music career in 2011 with his first debut album “Rhapsodi”.
Olamide has a babymama with a son, known as Maximilian Adedeji. The birth of his first son, inspired his song “Letter To Milli” in 2016.
Olamide is known for hits like Durosoke, Summer Body, Motigbana, Choko Milo, 100 to million, Eni Duro, Oil and Gas, Wavy Level, Voice of the Street, Pawon, WO, Woske, Shakiti Bobo, Wonma, Abule Sowo amongst others. The truth is Olamide baddo is a very consistent hitmaker. His street bangers are innumerable. He is recognised as the King of the Streets.
Baddo is the current CEO and founder of YBNL Records. He has brought a number of artistes like Adekunle Gold, Lil Kesh, Chinko Ekun, Yomi Blaize, Picazzo Rhap, Fireboy DML, Viktoh, Lyta, Davolee, Limerick into limelight.
Olamide is currently worth over 12 million dollars. Obviously, he should worth more than that, but the Yoruba Rapper has proven to be the true definition of “We Rise By Lifting Others”.
The Musician was the first Nigerian celebrity to sign an endorsement deal with Ciroc. He is also an ambassador of Hennessey, Monster Energy, Nairabet, Goldberg, Guinness, Etisalat, Itel and other corporate companies.
Recently, His record label, YBNL signed a joint venture deal with Empire, and he announced that himself and Fireboy are going to offer quite a lot.
Olamide Baddo received so many award nominations and won so many of them like The Headies, Nigerian Entertainment Awards, City People Entertainment Awards, B.E.T etc
The 31 year old hit naker has a Bentley, Range Rover Sports, Toyota, Porsche, Rolls Royce. Mercedes Benz. Presently, he does not have his own bird, but with his net worth, he could have gotten one if he needed it.
5. 2Baba – $16 million
Formerly known as Tu Face Idibia, 2 Baba was born on 18 September, 1975. One of the oldest in the Music Industry. His real name is Innocent Ujah Idibia. He is a singer, singer, songwriter and producer.
The 44 year old is married to Annie Macaulay who is now Annie Idibia. Their marriage is blessed with 2 girls, Olivia and Isabella Idibi. However, 2 Baba has 5 other kids from 2 different women. He is the Solomon of our time. That is, he has a total of 7 kids from 3 women.
2 baba was among the Plantashun boyz record label, which was dissolved in 2004. All individual artistes now pursue their own musical careers.
One of his hits “African Queen” made him very popular and recognised at home and abroad. The song is mostly played at weddings, and other related events.
2 baba is still the only Nigerian Musician to have received a lot of award nominations locally and internationally. In addition, he has received a number of honorary degrees from various universities.
The R&B star was also appointed as the Good Cause Ambassador for the Nigerian Stock Exchange (NSE).
As at 2020, 2 baba was estimated to worth about 16 million dollars. He owns a Chevrolet Corvette, Ferrari, Rolls Royce, Range Rover and a mansion in Banana Island.
4. Burna Boy – $17 million
Burns Boy, whose real name is Damini Ebunoluwa Ogulu Rex was born on 23 July, 1991. He is a prominent Afro Pop Singer and Songwriter.
He is currently signed to Spaceship records(His own Record Label) and has been making hits upon hits. Oluwa Burna started his music career in 2010, but rose to limelight after he released “Ye”.
His 2019 album “African Giant” was nominated for the category of Best World Music Album for the Annual Grammy Awards, along with Angelique Kidjo. Unfortunately, Angelique Kidjo took the upper hand.
Also, Burna’s Grandfather, Benson Idonije was once the manager of the famous Fela Anikulapo Kuti. Burna boy described his own genre if music as Afro-Fusion.
Apart from his Grammy Awards nomination, he has also been nominated for awards like South South Music Awards, Nigeria Entertainment Awards, The Headies, MTV Africa Music Awards, Sound city MVP Awards, B.E.T Awards, African Muzik Magazine Awards etc.
He has made hits like Ye, On the Low, Dangote, Killing Dem, Anybody, Gbona, and a lot more. Recently he was features along with some other Nigerian Artistes in the Beyonce’s Lion King Album. The Duo released a song titled “Ja Ara E“. He has a huge fanbase internationally.
3. Don Jazzy – $18.5 million
The King himself, Michael Collins Ajereh known by his stage name Don Jazzy, is a Nigerian record producer, singer and songwriter.
He founded His own record label “Mavin Records” in 2012. Personally, Don Jazzy hasn’t been releasing songs but has been consistent as a Music Producer. He brought Rema, a young artiste and rapper into limelight. However, there are rumours that Rema is actually Don Jazzy’s nephew.
Don Jazzy was born on 26 November 1982, and stated singing in 2002. Those days he started music with the likes of D’ Banj, Wande Coal, and Timaya.
Till date, Don Jazzy is not known to have or had any affair with any lady and therefore does not have any children. This is very hard to believe as we feel he might be keeping his family’s identity from the entire public. He is a native of Delta State, Isoko to be precise.
He is a graduate of Business Management Studies at Ambrose Alli University, Ekpoma, Edo State. You might not know that Don Jazzy has once worked as a Security Guard and a Driver in London.
The Dorobucci crooner has been nominated for various awards like Nigerian Music Awards, The Headies, City People Entertainment Award, Nigerian Entertainment Awards as a Producer.
In addition, his music production skills gave fame to Wande Coal, D’ banj especially in his albums like No Long Things, Rundown, Funk U Up, The Entertainer etc. Don Jazzy is the real King of Music Production.
The Mavins Founder is estimated to worth 18.5 million dollars.He has a Private Jet and a number of Exotic and Luxurious Cars and houses.
2. Davido – $19 million
Born to the Nigerian Billionaire, Adedeji Adeleke, on the 21 November, 1992. David Adeleke is a Nigerian Singer and Songwriter.
The Afrobeats artiste was born in Atlanta Georgia, United States of America. He completed his secondary school education at British International School, Lagos, but moved back to the states for his tertiary education.
Due to his extreme love for music, he dropped out Oakwood University where he was studying Business Administration, and pursued Full-time Music. When he came back to Nigeria, he attended Babcock University and obtained a degree in Music in 2015.
He rose to prominence after his first hit “Omo Baba Olowo“. Davido is the current CEO and founder of Davido Music Worldwide (DMW). The record label has signed a number of artistes like Mayorkun, Dremo, Lhil Frosh, Peruzzi, and a number of other reputable artistes.
Davido became the youngest Nigerian Celebrity to own a Private Jet. He acquired his own bird after using his Father’s jet for some years. His jet costs nothing less than a million dollars.
The Afro Pop Star has released hits like Aye, Fall, Money, If, Nwa Baby, One Thing, Risky, Sweet In The Middle, Wonder Woman, Fia and a lot of other hits.
David Adeleke is worth over 19 million dollars.
1. Wizkid – $20 million
I bring to you the richest celebrity Nigeria has ever produced, Ayodeji Ibrahim Balogun known by His stage name, Wizkid. The Ojuelegba Crooner was born on the 16 July, 1990.
He became popular when he released his first single ” Holla At Your Boy“. The Afro Star also started recording music at the age of 11, till his career was propelled by the Famous Banky W.
Wizkid has written songs for a lot of international stars like Drake in “One Dance” which was a major hit in more than 15 countries.
He has been nominated for various awards and has won numerous of them, counting them will take a lot of time.
Ayo Balogun has released other songs like Ojuelegba, Joro, Socco, Joy etc. The Superstar is signed to and is the Founder of Star Boy Record Label. Some of his hits are Ojuelegba, Come closer, Pakurumo, Don’t dull, Love my baby, Fever to mention a few.
The musician has a private jet, Porsche, Rolls Royce, Range Rover and houses at home and abroad. He is the king of Afro Pop in Africa and beyond.
Also, the young artiste signed a multimillion naira endorsement deal with Pepsi some years back. He is estimated to worth around 20 million dollars and counting. In fact, five generations of Wizkid’s will never go broke in their lives.
Moreover, Wizkid has a babymama and a son. Also, he became the first Afrobeats artiste to appear in the 2018 Guinness World Records. In conclusion, He is indeed an Expensive Sh*t.
That’s the complete and updated list of richest musicians in Nigeria for you.
- Top 10 Richest Musicians in Nigeria 2020 Today [Updated] - June 30, 2020