The Top 10 Richest Musicians In Nigeria(2023)

The music industry in Nigeria is a vibrant and thriving one, with many talented musicians who have achieved great success and amassed significant wealth. In this article, we have listed the Top 10 Richest Musicians in Nigeria in 2023 and their respective net worth

List Of The Top 10 Richest Musicians In Nigeria(2023)

Rank	Richest Musicians In Nigeria Names
1	WizKid
2	Davido
3	Don Jazzy
4	2face Idibia
5	Olamide
6	Flavour
7	Timaya
8	P-Square
9	D'banj
10	Banky W

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1) WizKid – $30 million

WizKid, whose real name is Ayodeji Ibrahim Balogun, is a Nigerian singer and songwriter who rose to fame in the early 2010s with his hit single “Holla at Your Boy”. He was born in Lagos, Nigeria in 1990, and began making music at a young age. He first gained widespread recognition in 2010 with the release of his debut single “Holla at Your Boy”, which became a massive hit in Nigeria and helped to establish him as a major new talent in the music industry.

Since then, WizKid has released several successful albums and singles, including “Superstar” (2011), “Ayo” (2014), and “Sounds from the Other Side” (2017). He has also collaborated with several high-profile artists, including Drake, Chris Brown, and Skepta, and has won numerous awards throughout his career, including the “Best African Act” at the MTV Europe Music Awards in 2011. In addition to his music career, WizKid has also ventured into acting, starring in several films and television shows in Nigeria making him the richest musician in Nigeria.

2) Davido – $24 million

3) on Jazzy – $20 million

Don Jazzy is a Nigerian record producer, singer, and songwriter who has had a very successful career in the music industry.

Michael Collins Ajereh was born in Lagos, Nigeria in 1982, and began making music at a young age. He first gained widespread recognition in the mid-2000s as a member of the Nigerian music group Mo’ Hits Records, which was founded by him and fellow musician D’banj.

As a producer, Don Jazzy has worked with many high-profile artists, including D’banj, Tiwa Savage, and Dr SID, and has helped to produce some successful albums and singles. In 2012, he founded the record label Mavin Records, which has signed some successful artists and released many critically acclaimed projects.

Don Jazzy has won numerous awards throughout his career, including the “Producer of the Year” award at the Headies Awards in 2009, 2010, and 2011. He is widely regarded as one of the most talented and influential producers in the Nigerian music industry and has helped to shape the sound of modern Afrobeats.

4) 2Baba (2face Idibia) – $18 million

2face Idibia, also known as 2Baba, is a Nigerian singer, songwriter, and actor who has had a very successful career in the music industry. He began making music at a young age and first gained widespread recognition in the late 1990s as a member of the Nigerian music group Plantashun Boyz, which also included fellow musicians Faze and Blackface.

In 2006, 2face Idibia released his debut solo album “Face 2 Face”, which was a huge success and helped to establish him as a major player in the Nigerian music scene. Since then, he has released several more successful albums, including “The Unstoppable” (2008), “The Ascension” (2014), and “Away and Beyond” (2012). He is known for his blend of Afrobeat and pop music, and has won numerous awards throughout his career, including the “Best African Act” at the MTV Europe Music Awards in 2005 and the “Best African Act” at the MOBO Awards in 2007.

In addition to his music career, 2face Idibia is also involved in philanthropy and has supported several charitable causes in Nigeria. He has been named one of the “100 Most Influential People in the World” by Time magazine and is widely regarded as one of the most talented and influential musicians in Africa.

5) Olamide – $17 million

Olamide Adedeji, also known simply as Olamide, is a Nigerian rapper, singer, and songwriter. He was born on March 15, 1989 in Bariga, Lagos State, Nigeria. Olamide is known for his indigenous style of rapping in the Yoruba language, and he has released many popular songs and albums throughout his career.

Some of Olamide’s achievements include:

• Releasing his debut studio album “Rapsodi” in 2011, which was a commercial success and spawned the hit single “Eni Duro”
• Winning the “Best Street-Hop Artist” award at the 2012 Nigeria Entertainment Awards
• Releasing the album “YBNL” in 2012, which was a commercial success and spawned many hit singles, including “First of All,” “Stupid Love,” and “Voice of the Street”
• Signing a record deal with Empire Mates Entertainment in 2013
• Releasing the album “Baddest Guy Ever Liveth” in 2013, which was also a commercial success and spawned the hit singles “Durosoke” and “Yemi My Lover”
• Winning the “Best Rap Act” award at the 2014 Nigeria Entertainment Awards
• Releasing the album “Eyan Mayweather” in 2015, which was a critical and commercial success and spawned the hit singles “Bobo,” “Lagos Boys,” and “Eleda Mi”
• Collaborating with Phyno on the hit single “Olamide” in 2015
• Founding the record label YBNL Nation in 2012, which has signed many successful artists and released several successful projects
• Releasing the album “The Glory” in 2016, which spawned the hit single “Who You Epp?”
• Releasing the album “Lagos Nawa!” in 2017, which was a commercial success and spawned the hit singles “Woyo,” “Love No Go Die,” and “Poverty Die”
• Releasing the album “YBNL Mafia Family” in 2018, which spawned the hit single “Possession”
• Releasing the album “999” in 2020, which spawned the hit single “Choko Milo”
• Collaborating with WizKid on the hit single “Totori” in 2021
• Winning numerous other awards and accolades throughout his career, including multiple Headies Awards and Nigeria Entertainment Awards

6) Flavour – $16 million

Chinedu Okoli, better known by his stage name Flavour N’abania or simply Flavour, is a Nigerian singer, songwriter, and performer. He was born on November 23, 1983 in Enugu State, Nigeria. Flavour is known for his unique style of music, which fuses elements of traditional Igbo highlife and contemporary Afrobeat. He has released many popular songs and albums throughout his career, and he is considered one of the biggest and most influential musicians in Nigeria.

Some of Flavour’s achievements include:

• Releasing his debut studio album “N’abania” in 2005, which was a commercial success and spawned the hit single “Nwa Baby (Ashawo Remix)”
• Releasing the album “Uplifted” in 2010, which was a commercial success and spawned the hit single “Adamma”
• Signing a record deal with 2nite Entertainment in 2011
• Releasing the album “Blessed” in 2012, which was a commercial success and spawned the hit single “Ada Ada”
• Collaborating with Chidinma on the hit single “Ololufe” in 2013
• Releasing the album “Thankful” in 2014, which was a commercial success and spawned the hit single “Golibe”
• Releasing the album “Ijele – The Traveler” in 2017, which was a commercial success and spawned the hit single “Most High”
• Collaborating with Tiwa Savage on the hit single “Catch You” in 2018
• Releasing the album “Flavour of Africa” in 2020, which was a commercial success and spawned the hit single “Time to Party”
• Winning numerous awards and accolades throughout his career, including multiple Nigeria Entertainment Awards, Headies Awards, and City People Entertainment Awards

In addition to his successful music career, Flavour has also done philanthropic work and supported various charitable causes. He has worked with organizations such as the Red Cross and the United Nations Population Fund (UNFPA) to raise awareness about important social issues such as HIV/AIDS prevention and maternal health.

Flavour is known for his energetic and entertaining live performances, and he has toured internationally, performing in countries such as the United States, Canada, the United Kingdom, and France. He has a large and dedicated fan base, and his music is popular across Africa and beyond.

 

7) Timaya – $14 million

Inetimi Timaya Odon, better known by his stage name Timaya, is a Nigerian singer, songwriter, and performer. He was born on August 15, 1980 in Bayelsa State, Nigeria. Timaya is known for his unique blend of Afrobeat, reggae, and dancehall music, and he has released many popular songs and albums throughout his career.

Some of Timaya’s recent achievements in music include:

• Releasing the album “Gratitude” in 2020, which was a commercial success and spawned the hit singles “Born to Win,” “Gra Gra,” and “I Can’t Kill Myself”
• Collaborating with Falz on the hit single “Win” in 2020
• Collaborating with Patoranking on the hit single “I Can’t Kill Myself” in 2020
• Releasing the single “Gra Gra” in 2021, which became a viral hit and topped charts in several countries

Timaya has also received numerous awards and accolades throughout his career, including multiple Headies Awards and Nigeria Entertainment Awards. He is considered one of the biggest and most influential musicians in Nigeria, and he has a large and dedicated fan base both in Nigeria and internationally.

 

8) P-Square – $13 million

P-Square, also known as Peter and Paul Okoye, were a Nigerian duo composed of identical twin brothers. They were born on November 18, 1981 in Anambra State, Nigeria. P-Square was a successful group known for their blend of Afrobeat, R&B, and pop music, and they released many popular songs and albums throughout their career.

Some of P-Square’s achievements include:

• Releasing their debut studio album “Last Night” in 2003, which was a commercial success and spawned the hit singles “Omoge Mi” and “Get Squared”
• Releasing the album “Get Squared” in 2005, which was a commercial success and spawned the hit singles “Bizzy Body” and “Do Me”
• Releasing the album “Game Over” in 2007, which was a commercial success and spawned the hit singles “No One Like U” and “Roll It”
• Releasing the album “Danger” in 2009, which was a commercial success and spawned the hit singles “Danger” and “I Love You”
• Releasing the album “The Invasion” in 2011, which was a commercial success and spawned the hit singles “Chop My Money” and “Beautiful Onyinye”
• Releasing the album “Double Trouble” in 2014, which was a commercial success and spawned the hit singles “Personally” and “Shekini”
• Collaborating with Rick Ross on the hit single “Beautiful Onyinye (Remix)” in 2013
• Collaborating with T.I. on the hit single “Eje Ajo” in 2014
• Winning numerous awards and accolades throughout their career, including multiple Headies Awards and Nigeria Entertainment Awards

In the past, the duo separated and was ranked differently but now they are back together as P-Square and still in the top 10 richest musicians in Nigeria list.

9) D’banj – $11 million

D’banj is a Nigerian singer, songwriter, and record producer known for his Afrobeat and Afropop music. He began his music career in the early 2000s and has released several successful singles and albums since then, including “No Long Thing,” “Run Down,” and “King Don Come.” D’banj has won numerous awards throughout his career, including several Headies Awards, a Channel O Music Video Award, and a BET Award.

 

10) Banky W – $10 million

Banky W is a Nigerian singer, songwriter, and actor known for his Afrobeat and R&B music. He began his music career in the early 2000s and has released several successful singles and albums since then, including “Empire Mates State of Mind(E.M.E),” “Songs About U,” and “The W Experience.” Banky W has won numerous awards throughout his career, including several Headies Awards and a Channel O Music Video Award.

 

Conclusion

This is the list of the top 10 richest musicians in Nigeria in 2023, please note this list is subject to change over time as nothing is consistent, also note this list is not fully accurate, they are based on raw estimates gathered from various reliable sources.