Top 10 Richest Musicians in Nigeria (By Net Worth in 2023)

Nigerian artists who are competing for the title of the richest musician in Nigeria have consistently produced chart-topping hits that have captivated music lovers globally.

Not only are these artists producing great music, but they have also amassed significant wealth making them some of the wealthiest musicians in Africa.

With the Afrobeat industry still growing at an exponential rate, it is only a matter of time before they start competing with the richest musicians in the world.

Based on total music and album sales, endorsements, and net worth, the following are the wealthiest musicians in Nigeria as of the year 2023.

List of Richest Musicians in Nigeria:
Rank Name Net Worth
1 Wizkid $30 million
2 P-square $27.26 million
3 Davido $26 million
4 Don Jazzy $25 million
5 Burna Boy $22 million
6 Olamide $15 million
7 2Baba $13.5 million
8 Phyno $12 million
9 Tiwa Savage $10 million
10 Timaya $9 million
1. Wizkid

Born Ayodeji Balogun, Wizkid is the richest musician in Nigeria as of 2023.
He rose to fame in 2013 after releasing his hit single ‘Holla at Your Boy’but rose to international stardom after his feature with Drake.

His success can be attributed to his exceptional talent, hard work, and wise business investments.

Over the years, Wizkid has diversified his income streams by owning a record label, and personal companies while also working as an ambassador for other top brands such as Pepsi, Ciroc, Guinness, MTN, Glo, and Nike.