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Top 10 Richest Musicians In Nigeria (2020)

1.DAVIDO : Davido has become one of the greatest music artists in Nigeria, Africa and the world at large on account of top-charting smash hits in his super-promising music career.

The self-pronounced O.B.O (Omo Baba Olowo) and the 30 Billion crooner has got his song titled “Assurance” topping countless music charts worldwide.

David Adedeji Adeleke, who is better known as Davido, is an American-born Nigerian singer, songwriter and record producer. Davido was born in Atlanta, US, and raised in Lagos; he made his music debut as a member of the music group KB International. 

Born: 21 November 1992 (age 27 years), Atlanta, Georgia, United States

Davido 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 artistes like Mayorkun, Dremo, Peruzzi, and others. He’s definitely not at the peak of his career yet.

Today, Davido has racked up a mammoth net worth of $21 Million dollars, making him the richest musician in Nigeria.                2. WIZKID : 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.               Ayodeji Ibrahim Balogun, known professionally as Wizkid, is a Nigerian singer and songwriter. He began recording music at the age of 11 and managed to release a collaborative album with the Glorious Five, a group he and a couple of his church friends formed. 

Born: 16 July 1990 (age 30 years), Surulere, Lagos

This is one international superstar musician that we cannot but mention on this list of richest Nigerian musician.

Today, Wizkid’s net worth is estimated to be $20 Million dollars, a value that justifies his output to the music world, and making him one of the richest musicians in Nigeria.                                                      3. BURNA BOY : Burna Boy is one of the highest-paid musicians in Nigeria.

His official music career started when he signed a record deal at Aristokart Records.

Burna Boy has won four awards at the Soundcity MVP Awards Festival, including African Artiste of the Year, Listener’s Choice and Best Male MVP.

Damini Ebunoluwa Ogulu Rex, known professionally as Burna Boy, is a Nigerian singer and songwriter. He rose to prominence in 2012 after releasing "Like to Party", the lead single from his debut studio album L.I.F.E. 

Born: 2 July 1991 (age 29 years), Port Harcourt

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.

As of 2020, Burna Boy is worth approximately $19 Million dollars, making him the 3rd richest musician in Nigeria      4. OLAMIDE : Olamide Adedeji, known professionally as Olamide, is a Nigerian hip hop recording artist. He records mostly in Yoruba, his native tongue. In 2011, he released his debut studio album Rapsodi while signed to Coded Tunes. YBNL, his follow-up album, was released under his label imprint YBNL Nation. Wikipedia

Born: 15 March 1989 (age 31 years), Bariga, Lagos he has a net worth of $17 million dollars.

5. PATORANKING : Full name: Olamide Adedeji.Patrick Nnaemeka Okorie, better known by his stage name Patoranking, is a Nigerian reggae-dancehall singer and songwriter. Born and raised in Ijegun-Egba Satellite Town, Patoranking originated from Onicha, Ebonyi State. Wikipedia

Born: 27 May 1990 (age 30 years), Ijegun, Lagos

Full name: Patrick Nnaemeka Okorie

Nationality: Nigerian he has a net worth of $15 million dollars.                                     6. TIMAYA :  Inetimi Timaya Odon, better known by his stage name Timaya, is a Nigerian singer and songwriter. He is the founder of DM Records Limited. His solo career began in 2005 with the release of "Dem Mama", which also appeared on his debut album, True Story released the following year. 

Born: 15 August 1977 (age 42 years), Port Harcourt

Full name: Inetimi Timaya Odon

Record label: DM Records Limited  he has a net worth of $12 million.                          7. MR P : Not just one of the most popular Nigerian musician, Peter with his twin Paul Okoye has taken his music global and has worked with Rick Ross, Dave Scott, Akon, etc.

Born: 18 November 1981 (age 38 years), Jos

Full name: Peter Okoye

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 in, Mr. P has gathered an impressive net worth of $10 Million dollars, making him the 7th richest musician in Nigeria.                                    8. RUDE BOY : Paul Okoye, together with his twin brother, is popularly known as P-Square. He has his stage name as Rudeboy or Kingrudy.

He is a talented twin of Peter Okoye, and they both took the world by storm. But unfortunately they split up due to various disagreement between the two.

Born: 18 November 1981 (age 38 years), Jos

Full name: Paul Okoye

Genre: Hip-Hop/Rap

Paul, just like peter started music together and have won several awards. His music lyrics are always on point and his voice is just unique.

However, since he’s doing music on his own, Paul’s net worth is estimated to be $10 Million dollars, as of 2020.                                                                                                                                                        

9. BANKY W : Olubankole Wellington, popularly known by his stage name Banky W and credited in film as Banky Wellington, is a Nigerian singer, rapper, actor and politician.

Born: 27 March 1981 (age 39 years), New York, New York, United States

Full name: Olubankole Wellington

Spouse: Adesua Etomi (m. 2017) he has a net worth of $9 million dollars.

10. PHYNO : Chibuzor Nelson Azubuike, better known as Phyno, is a Nigerian rapper, singer, songwriter and record producer. He started his music career as a producer in 2003, and is renowned for rapping in the Igbo language. His debut studio album No Guts No Glory was released in 2014. 

Born: 9 October 1986 (age 33 years), Enugu

Full name: Chibuzor Nelson Azubuike he has a net worth of $7 million dollars.


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