People who like music often talk about who the richest people in the music industry are. Fans know that the music business makes a lot of money, but they still can’t figure out how it does so. We bring to you the top 10 richest musicians in Nigeria in 2022.
RELATED: Most searched artists in Nigeria 2022
Most people would say that musicians are involved in other shady businesses and think that this is how they make money. These searches are done every day on the internet, so we made this list to help you relax and learn about the lives of some of Nigeria’s richest musicians.
Music is more than just the sounds or rhythms; it also includes the melodies and lyrics that go with the sounds and are put together in a way that sounds good.
Music has been around for a long time and is used for many different things. From improvements in technology to better ways to make music, music has become a worldwide phenomenon and a very profitable business.
Top 10 richest musicians in Nigeria 2022 and their Net Worth
Music is a form of art and one of the most well-known kinds of writing. In line with the best practices around the world, the African continent has shown a lot of interest in art and has become better at it over time.
- Wizkid Net Worth – $21 million
Ayodeji Ibrahim Balogun, also known as Wizkid, was born on July 16, 1990. He is a famous singer and songwriter who started his career when he was very young. He became well-known after he signed a deal with Empire Mates Entertainment (E.M.E), a record label run by Banky W.
RELATED: Man arrested after having public sex with a dog in front of church
With songs like “Hola at Your Boy” and many others, until his contract with the label was up and he had to leave. He has also become known around the world and worked with artists like Drake and others.
He is one of the best musicians in Nigeria and Africa. He also has a Grammy Award and is known as one of the wealthiest musicians in Nigeria and around the world.
- Davido Net Worth – $19.5 million
David Adedeji Adeleke is better known by his stage name, Davido. He was the first Nigerian singer to be on a FIFA World Cup single. She was born on November 21, 1992. He is Nigerian-American and sings, writes songs, and makes records.
His many songs and studio albums have earned him a lot of awards and nominations. People know him to be wealthy and to have rich family members.
He is known as one of the best hip-hop artists and has deals and recognition both in his home country and around the world. He is one of Nigeria’s most wealthy musicians.
- Don Jazzy Net Worth – $18.5 million
Michael Collins Ajereh was born in November 1982. He is better known as Don Jazzy. He is from Nigeria and makes music and records. He started Marvin Records, which is a well-known record label with a lot of well-known musicians on it. He is also the CEO of Marvin Records.
RELATED: Top 100 Nigerian songs 2022 according to Apple Music
Together with D’Banj, he also started Mo Hits. Don Jazzy is known as one of the most successful music producers in Nigeria. He has worked with Wizkid, Tiwa Savage, and other big names in music. Don Jazzy is still one of the wealthiest musicians in Nigeria because he is involved in making more music.
- Burna Boy Net Worth – $17 million
On July 2, 1991, Damini Ebunoluwa Ogulu was born. He is a singer, rapper, and music producer from Nigeria who is known for his unique mix of Afro, reggae, and pop music. People often call him “BURNA BOY,” which is his stage name. After his album Like to Party came out, he became famous because the song was one of the most popular songs of 2012.
In the United States, he signed with record companies like Warner Music Group and Bad Habit/Atlantic Records. At the 63rd Grammy Awards in 2021, he won the award for Best World Music Album. He was the first Nigerian to win this award. Burna Boy is still one of the wealthiest musicians in Nigeria. He has over six albums, a lot of songs, endorsements, and record deals.
- 2Baba Net Worth – $16 million
Innocent Ujah Idibia, whose stage name is 2baba, is one of the best-known musicians in Nigeria. He is also one of the best talent. He came into the world on September 18, 1975. He is known not only for writing and singing songs, but also for producing music, giving back to the community, being an activist, and running his own business. One of the best singers whose lyrics are really great.
RELATED: Top 10 most expensive trophies in the World
He is one of the best-known singers in Nigeria and around the world. He has made a lot of music and studio albums. After his hit song “African Queen” came out in the early 2000s, Idibia became a big name in the music business and signed a lot of deals.
He has been an ambassador for NAFDAC, Guinness beer, Airtel, and many other companies. He has also won many awards, including the first MTV EMA Best African Act award in 2005.
He is also listed as one of the artists with the most awards. Many people in the business look up to him and see him as a role model. He is also one of the richest people in the business.
- Olamide Net Worth – $12 million
Olamide Gbenga Adedeji is better known by his stage name, Olamide, which is also his name. He came into the world on March 15, 1989. Olamide is a rap artist, singer, and music producer from Nigeria. The Nigerian hip-hop and rap star says everything he wants to say about music in both yoruba and English. He is a professional singer who is known all over the world.
Rapsodi, his first studio album, came out in 2011 on the Coded Tunes Record Label. His career grew, and he now has a lot of songs, awards, and nominations to his name. YBNL Nation, which is also known as Yahoo boy no Laptop, is one of his hit albums.
The album featured songs like, voice of the street, Stupid Love and some others. With his endorsement deal in 2013, he became the first Nigerian to sign an endorsement deal with Cîroc. He is one of Nigeria’s most wealthy musicians.
- D’banj Net Worth – $11 million
Oladapo Daniel Oyebanjo, who is a rock star, goes by the stage name D’Banj. D’Banj is a Nigerian singer and rapper who was born on June 9, 1980. He is also the founder of Mo’ Hits Record. He was known for his hit records and a very successful music career.
He has also won a number of awards, including the “Best African Act” award at the MTV Europe Music Awards in 2007. The famous musician had made hit songs for record labels like GOOD Music, RCA, Sony Music Entertainment, and others. He is thought to be one of the most famous and successful singers in the world. He, with lots of hit songs to his name, is one of the richest musicians in Nigeria.
- Phyno Net Worth – $11 million
Chibuzor Nelson Azubuike, who goes by the stage name Phyno, was born on October 9, 1986. Phyno is his stage name. Phyno is a Nigerian rapper, singer, songwriter, and record producer who has recently been in the news for all the right reasons. The pop rapper had started his music career in 2003 as a producer. He is a well-known rapper who is very skilled at rapping in the Igbo language.
In 2014, he put out his first studio album, called No Guts, No Glory. The album featured hit tracks like; Parcel, O Set, Ghost Mode and Man of the Year. He is known as one of the richest musicians in Nigeria because he has worked with Me Raw, M.I. Ibaga, Timaya, and many others to make hit songs.
- Timaya Net Worth – $10.5 Million
Inetimi Timaya Odon was born on August 15, 1980. He is better known by his stage name, Timaya. Timaya is a multiple award-winning singer. A singer and songwriter from Odi, which is in the state of Bayelsa in the South-South Region of Nigeria.
He is known as “The Egberi 1 of Bayelsa.” He started Dem Mama Records Limited and is a well-known Afro-Caribbean and dancehall music star. With his many song records and albums, he became known around the world. His studio album De Rebirth, which was released with Black Body Entertainment, made him even more famous.
This was made even clearer by his hit song “Plantain Boy.” He is one of the wealthiest Nigerian musicians and has won and been nominated for many awards.
- Tiwa Savage Net Worth – $9 million
Tiwatope Savage is a Nigerian singer and vocalist who goes by the stage name Tiwa Savage. She came into the world on February 5, 1980. She moved to London when she was 11 to continue her education. Soon after, she started singing backup for foreign artists.
In 2009, she signed a publishing deal with Sony/ATV Music Publishing. Later, she moved back to Nigeria. In 2012, she signed a record deal with Marvin Records and had a successful career as the music industry grew. Once Upon a Time, her first studio album, was released in 2013.
From there, she put out singles like “kele kele love,” “without my heart,” “Eminodo,” and many more. Tiwa Savage signed a publishing and management deal with Roc Nation in June 2016. In 2017, she released her first album, which became very popular and was nominated for several awards.
She made a deal with Universal Music Group, and in 2019 she stopped working for Marvin Records. She has a lot of afro, pop, and hip-hop records, and she can sing in both English and Yoruba. Tiwa Savage is one of Nigeria’s wealthiest musicians.
In conclusion, Africans have talents, and the music industry is one of the biggest places where these talents are shown. Not only did these musicians make a name for themselves and make a lot of money on their own, but they also help improve Nigeria’s reputation here and in other places.
