2023 is here, and you’ll want an updated list of the top 10 richest musicians in Nigeria, I’m sure. We took care of the task, so you don’t have to worry. Just read, enlighten yourself, and then share your thoughts.
Who are the wealthiest musicians in Nigeria right now? You’ll discover more about their musical endeavors, achievements, vehicles, residences, and companies. However, I will state this up front: your favorite musician might not be on this list. Are we slick?
Nigeria definitely has an endless amount of musical talent, as shown by their viral content and constantly excellent tunes.
They have been able to succeed financially in their careers through their songs, fee for each performance, endorsements, and private investments.
Just like the top 20 richest musicians in the world, some of the popular musicians in Nigeria are worth a couple of million dollars!
So, we’ve decided to update our top list of the 10 richest musicians in Nigeria, along with their current net worth and a short bio.
NOTE: With even more heights attained by each singer, this ranking keeps changing with time, and we’re here to give you the latest update.
List of Top 10 Richest Musicians In Nigeria 2023
|Wealthiest And Richest Musicians In Nigeria 2023|
|Rank||Name||Estimated Net Worth|
|#3||Don Jazzy||₦26.4 Billion|
|#4||Burna Boy||₦26.1 Billion|
|#5||Mr P||₦25 Billion|
|#6||2 Face Idibia||₦24.5 Billion|
|#7||Rude Boy||₦24 Billion|
|#10||Flavor Nabania||₦10 Billion|
No matter how rich any artist on this list is, it is obvious that success has a price.
The top 10 most wealthy Nigerian musicians are listed below. This ranking was created using data from Forbes, including their endorsements and show fees.
10. Flavor – ₦10 billion ($25 million)
Chinedu Okoli is a songwriter and multi-instrumentalist who can play the drums, guitar, and piano in addition to being a musician.
Flavor specializes in the genres of Igbo highlife, Igbo gospel, and hip hop music. With his second album, ‘Uplifted,’ he established himself as a major performer in Nigeria.
He’s published four albums ever since: Blessed, Thankful, Ijele-The Traveler, and Awele.
He has released a total of 34 singles in his career and is likely to continue to do so, demonstrating his undeniable brilliance.
In one of the 10 inspiring quotes by Flavour, he said: “It is all on you; nobody will do anything for you. It’s tough but you have to accept it.“
As of today, Flavor Nnabani’s net worth is estimated to be roughly $25 Million dollars (N10 Billion Naira), making him the 9th richest musician in Nigeria.
Flavour Car Collection:
- Lexus LX 570
- BMW X6 (₦18 Million)
- Land Rover (₦25 Million)
- Black Mercedes Benz G-Wagon (₦40 Million)
9. Asa – ₦11.52 billion ($28.8 million)
Bukola Elemide, better known by her stage name Asa, is a Nigerian/French musician who rose to success with her debut single, “Eye Adaba.”
She quickly released her amazing album “Asa,” which led to her being named the winner of the French Constantin Award in 2008, where she was chosen as the finest new talent among ten singers or groups by a jury of 19 music industry experts in Paris.
She is such a calm and reserved person that she once mentioned that when she is on stage, she assumes a whole different persona.
Asa has received numerous awards, including a nomination for “Best R&B/Pop Album,” “Best Alternative Song,” “Best Vocal Performance (Female),” and “Best Recording of the Year” at the 2015 Headies.
As of 2023, Asa’s net worth is estimated to be roughly $28.8 million dollars (N11.52 billion Naira), making her one of the top ten richest musicians in Nigeria.
8. D’banj – ₦12 billion ($30.1 million)
Dbanj is no doubt one of the richest musicians nationwide. Most of his hit songs came when he was part of the record label which was a household name in the late 2000s, MO hits record.
So far, he has won The MTV Europe Music Award for Best African Act, MTV Africa Music Sward for Artist of the Year, and more.
Dbanj is known by many names, “Bangalee”, “The Kokomaster”, “Eja Nla”, “Mr Endowed” and many more, and is considered one of the most influential and popular recording artists of all time.
In 2023, Dbanj’s net worth is estimated to be roughly $30.1 Million Dollars (N12 Billion Naira), making him the 8th richest musician in Nigeria.
Dbanj Car Collection:
- Ferrari F430 (₦68 Million)
- Two Aston Martin Vantage (₦50 Million each)
- Bentley (₦108 Million)
- Rolls-Royce Phantom (₦164 Million)
- Range Rover SUV
- Mercedes Benz AMG GT (₦53 Million)
- Harley Davidson Bike (₦2.3 Million)
7. Rude Boy – ₦24 billion ($60.2 million)
Paul Okoye, together with his twin brother, is popularly known as P-Square. He has his stage name as Rudeboy or Kingrudy.
He is the talented twin of Peter Okoye, and they both took the world by storm. But unfortunately, they split up due to various disagreements between the two.
Paul, just like peter started music together and has won several awards. His music lyrics are always on point and his voice is just unique.
Paul’s net worth is estimated to be $60.2 million dollars (N24 billion Naira).
Rude Boy Car Collection:
- Lamborghini Gallardo (₦75 – ₦118 Million)
- Land Rover Range Rover (₦50 Million – ₦82 Million)
- Rolls Royce Ghost (₦191 Million – ₦247 Million)
6. 2Face Idibia – ₦24.5 Billion ($60.7 Million)
This is yet another musical legend in the Nigerian music business with a lengthy and illustrious career.
2face began his career as a member of the Plantashun Boiz before departing from the group to pursue a solo career. His smash tune “African Queen” catapulted him into the international spotlight.
2face has a slew of awards to his name, including one for Best International Collaboration – Rainbow ft. T-pain.
He is now worth 60.7 million dollars (N24.5 billion naira), making him one of the richest musicians in the country.
2Face Car collection:
- Toyota Land Cruiser Prado (₦38 Million)
- Chevrolet Corvette Coupe (₦45 Million)
- Ferrari Coupe (N60 Million)
5. Mr P – ₦25 billion ($63.3 million)
Not just one of the most popular Nigerian musicians, Peter, with his twin, Paul Okoye, has taken his music global and has worked with Rick Ross, Dave Scott, Akon, etc.
No doubt, he’s a dance lover and he’s super good at rhythmic dancing just like his role model back then – Michael Jackson.
Since the release of “Get Squared”, a hit project which he featured performed in, Mr. P has gathered an impressive net worth of $63.3 million dollars (N25 Billion Naira), making him one of the richest musicians in Nigeria.
In one of Mr. P’s quotes, he said, “There are pains and gains to stardom, but for now, the gains are greater than the pains.”
Mr. P Car Collection:
- Jeep Wrangler (₦13 Million)
- Bentley Mulsanne (₦125 Million)
- 2 Range Rovers (₦ 50 Million – ₦82 Million)
- Dodge Challenger (₦11 Million – ₦22 Million)
- BMW X6 (₦25 Million)
- Porsche 718 Cayman (₦22 Million)
- Mercedes AMG GL63 (₦45 Million)
4. Burna Boy – ₦26.1 Billion ($65.3 Million)
Burna Boy is one of the highest-paid musicians in Nigeria.
Burna Boy has won four awards at the Sound City MVP Awards Festival, including African Artiste of the Year, Listener’s Choice, and Best Male MVP.
In fact, he was nominated at the Grammy Awards at the 62nd Annual Grammy and this doesn’t come by chance but by hard work.
Finally, Burna Boy won Best Global Music Album at the Grammy Awards. His album Twice as Tall won the award over records by Antibalas (FU Chronicles), Bebel Gilberto (Agora), Anoushka Shankar (Love Letters), and Tinariwen (Amadjar). The win marks Burna Boy’s first Grammy Award after being nominated last year.
As of today, Burna Boy is worth approximately $65.3 million dollars (N26.1 billion Naira), making him the 4th richest musician on this list.
Burna Boy is one of the wealthiest musicians in Nigeria with over six albums, several songs, endorsements, and record deals to his name.
Burna Boy Car Collection:
- Mercedes-Benz G Wagon
- 2013 Ferrari 458 Italia
- Rolls Royce Down Convertible
3. Don Jazzy – ₦26.4 Billion ($66.1 Million)
Don Jazzy is a well-known Nigerian music producer who co-founded MO Hits Records and now controls Mavins Records, one of the country’s top ten major record labels.
Don Jazzy is a well-known businessman who is well-versed in the Nigerian music industry.
Wande Coal, Dbanj, Tiwa Savage, Johnny Drille, Korede Bello, Ricardo Banks, and more successful artists have come from his record label, and he has the guts to run multiple other enterprises.
Don Jazzy’s ability as a world-class producer led to him being asked to compose beats for Kanye West’s album, which featured both Jay Z and Beyoncé.
In 2023, Don Jazzy’s net worth is estimated to be $66.1 million dollars (N26.4 billion Naira). Given his greater involvement in music production, Don Jazzy continues to be among the richest musicians in Nigeria.
Don Jazzy Car Collection:
- Bentley Continental (₦25 Million)
- Used Mercedes Benz E350 (₦20 Million)
- Cadillac Escalade (₦27.5 Million)
- Porsche 911 Carrera (₦42 Million)
2. Wizkid – ₦25 Billion ($66.6 Million)
Wizkid is the first Nigerian to have a sellout at the prestigious O2 Arena in the UK, thereby setting the pace for other Nigerian artists.
He has broken so many records since he started out at a very young age with his debut single, Holla at your boy, and is one of the first artists to feature star American musicians in his songs including Chris Brown, Beyonce, and Drake.
This is one international superstar musician that we cannot but mention on this list of richest Nigerian musicians.
Today, Wizkid’s net worth is estimated to be $66.6 Million dollars (N26.6 Billion Naira), a value that justifies his output to the music world, and makes him one of the richest musicians in Nigeria.
Isn’t it amazing, that Wizkid, the Nigerian Afrobeats star won awards at the 2021 Grammys alongside Burna Boy? Wizkid won the Best Music Video for his song with American music star, Beyoncé, ‘Brown Skin Girl, from Lion King: The Gift album’.
More achievement to the Baba Nla, as he is currently a hot cake with class in the music industry worldwide.
In one of the inspirational quotes from Wizkid, he said: “Most of the problems in life are because we misunderstand people’s intentions, we don’t listen and jump to conclusions, and then we are too proud to apologize and too stubborn to forgive” – Wizkid
- Lamborghini Urus (₦80 Million)
- Porshce Panamera (₦60 Million)
- Mercedes Benz G63 AMG (₦58 Million)
- BMW X6 Crossover (₦9 Million)
1. Davido – ₦28 billion ($70 million)
David Adeleke, popularly known as Davido is currently the richest musician in Nigeria in 2023, with a current net worth of 28 billion ($70 million). Davido is the first musician from Nigeria to perform at a FIFA World Cup.
On account of top-charting smash hits in his super-promising music career, Davido has become one of the greatest music artists in Nigeria, Africa, and the world at large.
The self-pronounced O.B.O (Omo Baba Olowo) and the 30 Billion crooner have got his song titled “Assurance” topping countless music charts worldwide.
He sure wouldn’t mind being added to Forbes list of top 20 richest people in the world, though, he’d have to do more than music, isn’t it?
David has 4 albums with over 32 songs to his name, picking up a plethora of awards both on the domestic and international levels. He is one of the best-selling music artists in Nigeria, Africa, and worldwide.
With his record label, he has signed a couple of successful artists like Mayorkun, Dremo, Peruzzi, and others. He’s definitely not at the peak of his career yet.
In one of the powerful Davido quotes, he said; “If you can’t be a king, build a king”.
Today, Davido has racked up a mammoth net worth of $70 million dollars (N28 billion Naira), making him the richest musician in Nigeria.
Davido Car Collection:
- Rolls Royce Cullinan 2019 (₦350 Million)
- Bentley Bentayga (₦108 Million)
- Bentley Continental GT (₦95 Million)
- Porsche Panamera Turbo S (₦23 Million)
- Range Rover Sports (₦87 Million)
- Range Rover SV Autobiography (₦98 Million)
- Chevrolet Camaro GS (₦9.4 Million)
- Audi R8 (₦24 Million)
- Audi Q7 (₦12 Million)
- Mercedes-AMG GLS63 (₦45 Million)
- Mercedes G-Wagon (₦21 Million)
- Land Cruiser Toyota (₦30 Million)
Frequently Asked Questions About The Richest Nigerian Musicians
Here are some quick questions people also ask (FAQS) about Nigeria’s richest musicians:
Who Is the richest between Wizkid and Davido?
Going by the official net worths of these artists, Davido’s net worth is estimated at a staggering $70 million while Wizkid has a total net worth of $63 million.
And there you have your answer that Davido is the richest artist among the two legendary and most successful stars Nigeria has ever produced.
Did Davido own a private jet?
In May 2018, news about Davido owning a private jet started to go viral on the web. Many sources started to call the musician the youngest among private jet owners in Nigeria.
The jet is a Bombardier Challenger 605, priced at $27 million (N9,727,599,015). Furthermore, it requires constant servicing. This facility will cost from $700,000 (N252,197,011) to $4 million (N1,441,125,780) per year.
However, in the summer of the same year, the star has revealed the real owner of the jet, and it is no other than Davido’s father. The musician also added the following: ”Lmao, all of you, what is mine is Imade’s, and what is my father is mine.”
Did Wizkid win a Grammy Award?
Wizkid was nominated twice, for the 62nd and 63rd Grammy Awards.
After Burna Boy, Wizkid became the second Nigerian to receive a plaque. At the 63rd Grammy Awards, held in Los Angeles, California, on March 14, 2021, the Nigerian superstar won ‘Best Music Video’ for his role in ‘Brown Skin Girl.’
He shared the award with Beyonce, who owns the song and has Saint John and Blue Ivy as featured artists.
Jenn Nkiru, who directed the video, would also receive an award.
Does Wizkid Have a Private Jet?
Wizkid who is one of the richest musicians in Nigeria owns a private jet.
Wizkid has been a part of the Nigerian music business for more than a decade and has millions of admirers both at home and abroad. Wizkid has a private aircraft that he uses to fly in for gigs and to hang out with buddies like Phyno.
Is Burna Boy Richer Than Wizkid?
No. Burna Boy has an estimated net worth of $46 million, while Wizkid’s net worth is estimated to be $63.3 Million.
Richest Musicians in Nigeria (Summary)
Here’s a quick recap of the 10 richest musicians in Nigeria:
- Mr. P
- Don Jazzy
- Burna Boy
Did your favorite musician appear on this list of the top 10 richest musicians in Nigeria? Leave a comment below.
Even More Topics:
omo na burna boy oooo.
They are all Legends but what mater’s is the inspiration and meanings we all get from music not just the bass ..so Mr p Comes first
Asa is he only female singer in this list
Continue bursting my Head blood line Davido m
OBO the badest boy, Nigeria koboko OBO am your boy,Lord miggy
Starboy is the best artists that all world know, I support my man,but i need support on my music carreer
Nice complied list kudos owogram
I need your help davido
Keep on heading
Our psquares are back dey will overtake but obo my man keep pushing.
Rude mr p will soon be the richest man now they have combined believe
star boy.i belive you more,from grass to grace.is your man BIG DON
Davido on top of everyone
Truly burna boy supposed took first or second normally
Obo I ghat gift for you I’ll keep on saving till the day i meet with you
Obo I ghat gift for I will keep on saving it till the day I see you
OBO my man i love ur songs carry on my man,, pls i need ur help i love music and i want to be like you pls help me out
Comment:wizkid is the number one,obo is no the richest
In me Dagrin is still the best RIP bro
Davido has money more than wizkid
Wizkid the boss all the way to d end my brother.
Davido Is The Best up Davido
I love flavor ijele one in Igbo land and they no dey too
Comment:obo davido one way
Comment:OBO BADDEST!!!MY BOSS I THANK GOD YOU ARE THE 1ST.
My name is Edet Benson
Am from cross river state Ogoja
I love devido
My favorite devido I need ur help plz soooo
Ur fans day dei with hungry yooooo😥
Baddest is the best and forever will
Be there baddest
My name is junior am from kaduna state my best is wizkid and davido
Burna boy supose carry top 1
Davido help my situation 😭😭😭😭😭😭😭
I need help
Comment: i am from uganda, i love davido, only god knows the answer.
Please house calm down. We no the king’s only fool don’t know who OBO his. My man am so proud of you. Some say his father is a rich man that is why he as much money than Wizkid. It a lies he is a hard work man. I love you brotherly. Your songs gives me joy. I wish to meet you someday and give you a hugs. You to much 30BG niggas.
Obo main plug
Davido (OBO) I wish you the best
Wat of rema
Obio I like your music
Mr P🙌🏻, u na boss.
OBO to the world
OBO (best of all)
But why did WIZKID want to fall my hands now. I still have faith.
Oluwa burna my man and it’s been trying to get more net worth, my man
Flavour, nwannem to be a man is not a day job….
Rudeking, reason with me nwannemoo
Oluwa burna my man still remains on board
Wizkid still ramin the best
Mr P All The Way
Wizkid Davido and Rude boy greatest of all time
Rudeboy na man u be
No be for maut davido get money pass WiZkid
OBo. Is the richest
DAVIDO to the word my love
Though Davido is richer than wizkid but with time and hope very soon wizkid will be the top among them
No body reach Wizkid na wizkid na number one no matar even there carry am go number hundred na still number
100% u think say e esay from no body to become to become some body in life obo I go on ooo on starboy matter oo word best one love
wizkid is the richest
Something you saw clearly there that davido is the number one, above all of them. And you r here still shouting wizkid is the richest. Pele mr richest.
RudeBoy I salute you and I will always salute you!!!
Birdman jr. my favorite singer the 30BG
If una like make una carry manchalla starboy go number 11 him still be the rechest
Big wiz 🇳🇬 machala
Their are Hindi it WizKid is the richest
Musician in Nigeria2021 the don want to say dey true, Because Davido his parents get money
That is why..
HW cum wizkid top 5
Madam or oga u don’t know what you are saying ok. Davido pass wizkid for money levels ok, so stop saying what you don’t know.
Wizkid is richer than davido but those fools says that davido is the richest na waw oo
Wizkid stillown because he has not release any song of the year but believe…. He is coming back I believe you starboy
My number one Machala of Africa
Man with the hit Davido is your boy nah
Waiting for you to top boss
O.B.O (omo baba oluwa) u are de baddest
David the top most richer of all
2baba, the father of all i hail you
Ah ah no needs to argue guys as usual nah wizkid can’t step down always high ranking u know better star boy my mentor
Gat big dream for dmw O.B.O i hail ooo
AYO the best
Who can help me with my talent i love singing like others any body can help me
obo De Baddest I Too Love Him
Comment:my legend are OBO burnaboy mr p rude boy
Mr P second position, I hail baba; you be man; I love your “prodigal” album; chilling with it right now; songs making so much sense
2baba father’s of all
Wizkid ranked 1st the previous time. Checked nah
Well over taking is allowed sha🤷
my name is sky bliss roman my best musician is davido (oBo) badest obo is cool and handsome guy
OBO the badest…. oluwa burna boy.. I love you guys so much
Obo thirty billion gangs
OBO the King of boys
Mr P an 2baba. I hail you legends of super hit track.muzik wen mak sense.2face an mr P.
I’m proud of Nigerian artists 💪💪
U guys are really great
Wizkid, u are my best
Your old songs never get old I here it
It seems like new drop
Maximum respect wizzy👍🤘✌️
Wizkid you are the number one
We all knows that
Star boy keep moving forward we love you
Wizkid start number one
The great davido
Wizkid is the Richiest
Mr P….Mr Flavour….Rude Boy…..Star Boy….OBO…. Odogwu Burna….2baba
U guys are source of happiness
Comment:i know davido will be there and is number one that is nice
OBO the best ✌✌
this can’t be true
how will D’ banj automatically fall from first to seventh?
this is not the real update, i would rather see them one on one
Even though say…u be the fifth position,yr boy still dey loyal sir
I hail ooooo
Na u be the baba
I love you mr p
No need of typing from the result here ,,OBO,,has proven himself his indeed the best ❤️❤️💯,,,,shangbe
I love each one of you guys
Mr p try overtake all of them jare let them know you can do it alone
What Wizkid was doing
Rude boy my guy I respect you
Davido u are a real guy
Mr Flavor, I sight u dear u will soon become the number one richest. And I can’t wait to see u feature my song 😍🤩
Daviado u are too special
Davido and don jazzy for life
Comment Davido baddest you the rock 🗿 on
Omo baba owolo (obo)
U are the best baddest
U rock the 🌟
Davido (the best)
Wizkid you are the best
OBO thats our king
Wizkid is. The best am a song writer I need someone to sign me
Tuale to you my boss@Davido ,am proud of you ,21st November born no deh carry last,na we ghat the day ,bravo !!!
My world best davido ❤️❤️
OBO omo baba olowo
I hell oo
You are the best
Davido is the best for me
Chegbe one and only omo baba olowo aka obo. I’m dezzi dmd looking up to you by God’s grace
Comment: Davido is my favorite and some others. And I want him “DAVIDO” to attend my wedding that’s coming on in the year 2027 or 2028 by god grace.
That’s interesting Christopher
Burna boy my legend
Davido my godsfather
Am ur top 1 davido
yoo? My name is yizkid ap upcoming artist.from maid city i have my gee wizkid.and i am lonking for who will sirng me .musician that nous himseif as a gan star
Am with you
Davido they biggest ……🖤💛you strong in all challenge I hail you baba
Wizkid is top 5 and olamide is not even there 🖕
My name is blessing from Delta state my favourite music man ever first wizkid and Davido I love them
yes, I am so pleased that my favorite stars are right there. (DAVIDO, 2FACE, Mr. P & FLAVOUR) 100 %%%%%
My name is chimezie onyekachi am frm imo stae ow north. Keep up ín music Am a great fan ooo, i love all, proudly nigeria.
Am a songwriter too i don’t have someone to sign me up if davido gree or Olamide if god touch them to help me
Davidoo ( OBO)
Nice at Mr P