Top 10 Richest Musicians in Nigeria 2024: Net Worth and Achievements
The Nigerian music industry has seen incredible growth over the past decade, producing global superstars who have amassed immense wealth through music, endorsements, and business ventures. Here, we bring you an updated list of the Top 10 Richest Musicians in Nigeria in 2024, showcasing their net worth, achievements, and how they made their fortunes.
Introduction
The music industry in Nigeria has produced some of the wealthiest entertainers on the African continent. With international tours, endorsement deals, business investments, and millions of fans worldwide, these artists are not just stars but also entrepreneurs. In this article, we take a closer look at the top 10 richest musicians in Nigeria in 2024, based on their net worth, major achievements, and sources of income.
1. Wizkid – Net Worth: $40 Million
Wizkid, born Ayodeji Ibrahim Balogun, is arguably one of the biggest names in African music today. His international collaborations with artists like Drake and Beyoncé have catapulted him into global fame. With multiple endorsements from top brands like Pepsi and UBA, Wizkid’s wealth continues to soar. His 2024 net worth is estimated at $40 million, making him the richest musician in Nigeria.
Key Achievements:
• Grammy Award winner (Best Music Video)
• Founder of Starboy Entertainment
• Multiple international collaborations and tours
2. Davido – Net Worth: $35 Million
David Adedeji Adeleke, popularly known as Davido, has consistently ranked among the wealthiest musicians in Nigeria. The artist is known for his chart-topping hits and luxurious lifestyle. Davido’s DMW record label has also produced top talents in the industry. His current net worth stands at $35 million.
Key Achievements:
• Multiple international awards, including MTV Africa Music Awards
• Successful tours in the U.S., U.K., and Africa
• Endorsements with companies like MTN and Guinness
3. Burna Boy – Net Worth: $30 Million
Burna Boy, known for his unique Afro-fusion sound, is another global superstar from Nigeria. His Grammy-winning album Twice As Tall and consistent success on the Billboard charts have made him a household name worldwide. Burna Boy’s current net worth is estimated at $30 million.
Key Achievements:
• Grammy Award for Best Global Music Album
• Ambassador deals with brands like Star Lager Beer
• Successful tours and streaming revenue
4. Don Jazzy – Net Worth: $25 Million
Don Jazzy, the legendary producer and CEO of Mavin Records, has played a significant role in shaping Nigeria’s music industry. Although he is more focused on the business side of music, his influence and wealth cannot be overstated. In 2024, Don Jazzy’s net worth is around $25 million.
Key Achievements:
• Founder of Mavin Records
• Produced for top Nigerian artists like Tiwa Savage and Rema
• Endorsements with MTN and Loya Milk
5. 2Baba (2Face Idibia) – Net Worth: $22 Million
2Baba, formerly known as 2Face Idibia, remains one of Nigeria’s most iconic musicians. With a career spanning over two decades, 2Baba has built an impressive legacy in African music. His estimated net worth in 2024 is $22 million.
Key Achievements:
• Multiple awards including MTV and BET awards
• Founder of Hypertek Digital
• Endorsements with brands like Campari and Airtel
6. Olamide – Net Worth: $20 Million
Olamide has built an empire with his YBNL Nation record label, nurturing young talents like Fireboy DML. Known for his hit singles in Yoruba and English, Olamide has carved a niche for himself. His estimated net worth is $20 million.
Key Achievements:
• Numerous music awards including The Headies
• Record label founder (YBNL Nation)
• Endorsements with Glo and Hennessy
7. Phyno – Net Worth: $18 Million
Phyno, a rapper known for his Igbo and English lyrics, has become a major force in the Nigerian music scene. His collaborations and endorsements have helped him accumulate a net worth of $18 million in 2024.
Key Achievements:
• Numerous music collaborations across Africa
• Endorsements with brands like Nairabet
• Multiple music awards including The Headies
8. Tiwa Savage – Net Worth: $15 Million
Tiwa Savage is one of Nigeria’s top female musicians, with an impressive international profile. With numerous hit singles, collaborations, and lucrative endorsements, her net worth has grown to $15 million.
Key Achievements:
• Multiple international awards
• Endorsements with Pepsi and Forte Oil
• Successful tours and global collaborations
9. Mr Eazi – Net Worth: $12 Million
Mr Eazi, known for his laid-back style of music, has made a fortune not just through music but also by investing in African start-ups. His 2024 net worth stands at $12 million.
Key Achievements:
• Founder of emPawa Africa, helping young African musicians
• International collaborations with Major Lazer and J Balvin
• Multiple brand endorsements
10. Yemi Alade – Net Worth: $10 Million
Yemi Alade, known as the “Mama Africa,” has a massive fan base across Africa. Her music and business ventures have brought her significant wealth, with a 2024 net worth of $10 million.
Key Achievements:
• Ambassador for UNDP
• Winner of multiple awards across Africa
• Endorsements with companies like Bacardi
FAQs
Q: Who is the richest musician in Nigeria in 2024?
A: Wizkid, with a net worth of $40 million, is the richest musician in Nigeria in 2024.
Q: How do Nigerian musicians make their money?
A: Nigerian musicians earn through various streams, including music sales, streaming platforms, endorsements, concerts, tours, and business ventures.
Conclusion
The Nigerian music industry continues to grow, and these top 10 musicians have proven that with hard work, talent, and business acumen, the sky’s the limit. Stay updated on the wealth of your favorite artists as they continue to shape the global music scene.