Musicians In Nigeria

Musicians In Nigeria – The 10 richest musicians in Nigeria (2020) are listed in this article based on their current net worth from all earnings including contracts, deals, investments, etc.

So, if you are looking for the richest musicians in Nigeria, you have finally found the right information you are looking for — a comprehensive list of the richest musicians in Nigeria. Apart from that, we have also mentioned the reasons why these artists achieved their respective positions on this list.

Musicians In Nigeria

Musicians In Nigeria

In this bulletin, you will find out the net worth of the richest Nigerian musicians based on Forbes and how their net worth has changed since Forbes last ranked their wealth.

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In a previous post, we explained how rich musicians make money in Nigeria, how they monetize their fame, turn it into streams, endorsement deals, investments, royalties, concerts and more.

Musicians In Nigeria

We also analyzed how a musician can become a top earner in the entertainment industry. Rich musicians in Nigeria have a lot of ways to make money.

Before we move on to the various net worths of rich Nigerian musicians, there is one thing to be aware of.

Musicians In Nigeria

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An artist’s net worth is not a reflection of how much money they have, but rather a valuation of the tangible and intangible assets (including cash) that these musicians own, minus liabilities.

Since most people in the entertainment industry like to live a luxurious lifestyle, their wealth or assets form a significant part of their net worth.

Musicians In Nigeria

Born on November 21, 1992, Davido is one of the most popular names in the Nigerian entertainment industry. He has achieved a lot in his music career. From selling O2Aréna to signing a contract with Sony Music International.

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Despite being born into a wealthy family, David Adeleke has an extraordinary work ethic. Although his relatives are rich politicians and investors, David has become an independent member of the family.

Musicians In Nigeria

He is the founder and owner of Davido Music Worldwide (DMW), a label that boasts of talented acts like Peruzzi, Dremo, Mayorkun, Yonda and more.

Davido is a father of three children, Ifeanyi Adeleke (son), Imade Adeleke (daughter) and Hailey Adeleke (daughter), from three mothers.

Musicians In Nigeria

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In 2017, Davido made it to Forbes and was ranked as the 8th richest musician in Africa. In 2021, his net worth is $20 million.

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Superstar also has a huge international audience. His song “Fall” was certified gold in the US and Canada in the second quarter of 2020.

Musicians In Nigeria

Infinix Mobility, Pepsi, MTN Nigeria are among the brands that have endorsement deals with David. Typist “Dami Duro” is a collector of luxury cars.

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Davido is currently the richest musician in Nigeria. He is also known as a philanthropist and has been involved in several charitable activities since his debut on the music scene.

Musicians In Nigeria

Wizkid’s success is a spectacular grass to grace story. It emphasizes talent, hard work and opportunity as key ingredients for achieving success.

Born on July 16, 1990, Ayodeji Balogun is one of the richest musicians in Nigeria. He started his career with the music group Glorious Five. It was a small band with a few church associates of young Ayodeji.

Musicians In Nigeria

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His music is heavily influenced by Bob Marley, Fela Kuti and Raja Sunny Ade. In 2009, Wizkid was signed to Empire Mets Music (E.M.E) and later released his first single, “Holla at Your Boy”, which became an anthem for the youth of the time.

Since his rise to prominence, Wizkid has been consistently playing hits and collaborating with other talents in the entertainment industry. Chris Brown, Beyonce, Drake, Nicki Minaj, Trey Songz, Ty Dollar Sign, Tinie Tempah and more.

Musicians In Nigeria

He contributed to the success of his compatriots Malek Berry, SARZ, Legendary Beatz, Mr. Eazy, Ifia and Terry. In 2013, Ayodeji Balogun started his own record label “Starboy Entertainment”. He later became known as Starboy, which later became his catchphrase.

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In 2017, Wizkid made it to Forbes and was ranked as the 7th richest musician in Africa. As of June 2021, his net worth was estimated to be $17 million.

Musicians In Nigeria

Wizkid has had several feuds with some big names in the entertainment scene including his former label mate Scales. Which is normal for someone as successful as him.

Yes, I know he’s not exactly a musician. But you have to give him some props because he has performed and appeared in several hit songs. Women can’t seem to get enough of his soft, soothing, low tones.

Musicians In Nigeria

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With the above in mind, it is fair to say that Don Jazzy is a musician, although he is more of a music producer than a singer.

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Don Jazzy also known as Don Baba Jay is the third richest musician in Nigeria. Some call him the Kanye West of the Nigerian music industry because of his multifaceted talents. Don Jazzy has an estimated net worth of $14 million.

Musicians In Nigeria

Collins is a talented music producer, hit maker, songwriter and investor. However, his Twitter followers will not be satisfied with this description, as brand influencers, philanthropists, down-to-earth and comedians are not mentioned.

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Michael Collins Azereh, born November 26, 1982, has been playing instruments since his teenage years. Since then, the hitmaker has achieved many successes.

Musicians In Nigeria

In 2017, Don Jazzy made Forbes and was ranked as the 4th richest musician in Africa. Still, he estimates the net worth has increased even more since then.

He is the co-founder and CEO of Mavin Records, a successful organization for upcoming artists. The record label has produced talented players like Reekado Banks, Rema, Korede Bello, Dija, DNA and more.

Musicians In Nigeria

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Africa’s richest music producer, Don Jazzy, is best known for his generosity. This strengthened his relationship with the fans. She regularly engages in giveaways through her social media platforms.

Fun fact: Don Jazzy once said that he used to be a shy person. When he moved to the UK, he also took part in a security gig at McDonald’s.

Musicians In Nigeria

Doubters are, without a doubt, born deceivers. It is one of the few entertainment juggernauts that has diversified investments. Don Jazzy invests in the entertainment industry, the oil sector, technology and more.

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Jidena is one of the richest musicians in Nigeria and this has been confirmed by verified sources. Nigerian American songwriter, rapper, actor and musician.

Musicians In Nigeria

The “Classic Man” typist is widely known for his classic taste in fashion. He calls it a marriage of European and African clothing. He also took it up after his father’s death in 2010. He calls it dandy style.

However, after the release of ’85 to Africa’ in 2019, Jidenna took a more subtle approach to his dandy style.

Musicians In Nigeria

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His interest in music began when he was in high school. He was born in Nigeria but his family moved to the States when Zidane was 6 years old.

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His single “Classic Man” brought him into the limelight in 2015. Zidane won several awards and his hit song “Classic Man” (with Roman GianArthur) was nominated for a Grammy Award in 2016.

Musicians In Nigeria

Zidane has played music with many Nigerian and American artists including Ice Prince Zamani and Kendrick Lamar to name a few.

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In 2017, his album “The Chief” reached number 36 on the Billboard Top 200. In the same year, he made it to Forbes At the time, he was ranked as the 6th richest musician in Africa.

Musicians In Nigeria

Jidenna is currently the fourth richest musician in Nigeria with an estimated net worth of $7.5 million.

Rudeboy and his brother Peter were once Africa’s richest couple. Together they released hits that destroyed the charts. Fans were horrified when news of their split first broke, and they still are today.

Musicians In Nigeria

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In 2010, Paul Okoye and his brother were featured in Forbes. Currently, Paul has an estimated net worth of $7 million.

Under the defunct label Square Records, Rudeboy and Mr. P have won more than 17 awards from different parts of the world. Still, going it alone, King Rudy didn’t let up in his efforts to make good music.

Musicians In Nigeria

Since going solo, Rudeboy has released several hits including “Reason With Me”, “Audio Money” as well as “Double Trouble” featuring Fin and Olamide.

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Tiwatope Savage popularly known as Tiwa Savage is one of the richest and most decorated music artists in Africa. He started his music career at the age of 16, George Michael and Mary J. I do backing vocals for Blige.

Musicians In Nigeria

He participated in music competitions and attended music schools in Great Britain. In 2019, Savage signed a songwriting deal with Sony/ATV Music Publishing. He later met Tunji, who was the A&R of Interscope Records at the time. Tunji, also known as T Billz, encouraged Tiwa to come to Africa when the Afrobeats market was growing.

Savage rejected the idea, initially seeing it as a step backwards in his career. However, in 2011 he decided to return to Africa. He soon co-founded his record label called 323 Entertainment Record Label with his manager Tunji who

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