Top 20 Richest Musicians in Nigeria 2025
who are the Top 20 Richest Musicians in Nigeria?
Nigeria is without any doubt the music hub of Africa. The West African nation has more successful musicians than any other country in Africa.
Through music, several people who would other wise remain unkno9wn can boast of several millions of dollars in their bank accounts. In this article, we will be bringing to you, the top 20 Richest Musicians in Nigeria . Keep reading to find out.
who are the Top 20 Richest Musicians in Nigeria?
Nigeria is without any doubt the music hub of Africa. The West African nation has more successful musicians than any other country in Africa. Through music, several people who would other wise remain unkno9wn can boast of several millions of dollars in their bank accounts. In this article, we will be bringing to you, the top 20 Richest Musicians in Nigeria . Keep reading to find out.
Top 20 Richest Musicians in Nigeria Summary
| Davido | $40 million |
| Wizkid | $30 million |
| Don Jazzy | $25 million |
| Rudeboy | $25 million |
| Burna Boy | $20 million |
| Mr. P | $20 million |
| $2Baba | $17 million |
| D’banj | $16 million |
| Tiwa Savage | $12 million |
| Banky W | $11 million |
| Flavour N’abania | $10 million |
| Phyno | $10 million |
| Olamide | $10 million |
| Timaya | $10 million |
| Yemi Alade | $8 million |
| M.I. Abaga | $7 million |
| Tekno | $7 million |
| Simi | $6 million |
| Falz | $5 million |
| Patoranking | $3 million |
Top 20 Richest Musicians in Nigeria
Davido
Net Worth -$40 million
Davido is the richest musician in Nigeria with a net worth of $40 million
David Adedeji Adeleke was born on November 21, 1992, in Atlanta, Georgia. His father Adedeji Adeleke is a business magnate and his mother Vero Adeleke was a university lecturer.
Davido is the youngest of five siblings and his father’s second-born son. He attended the British International School in Lagos, Nigeria, and at the age of 16, he moved back to the US to study business administration at Oakwood University in Alabama
Davido rose to fame after releasing “Dami Duro”, the second single from his debut studio album Omo Baba Olowo (2012). He has since become a household name not only in Nigeria but in most parts of the world.
Davido has since released several hit songs and collaborated with a lot of high-profile international musicians.
He has released successful albums and has won numerous awards and accolades for his work.
The success of Davido’s music career reflects in his rich lifestyle. He owns a private jet, several high-profile cars, and mansions both in Nigeria and abroad.
Davido’s net worth is $40 million making him the richest musician in Nigeria.
Davido Cars and Houses
Having attained immense success in the music career. Davido does not shy away from rewarding himself with the latest models of the most expensive cars you can think about.
Among the cars owned by the music sensation includes a Rolls Royce, Toyota Land Rover, Mercedes-Benz GLE 450, Porsche Carrera, Audi Flat Back among others.
Davido also owns houses and mansions both in Nigeria and abroud.
Davido Albums
Davido has released four studio albums in his illustrious music career. they includ;
- Omo Baba Olowo (2012)
- Son of Mercy (2016)
- A Good Time (2019)
- A Better Time (2020)
Davido Endorsement Deals
Being the number one of the top 20 richest musicians in Nigeria, One would think Davido makes all his money through the concerts and sale of his songs only. The is far more to it than that. The Assurance hit maker actually makes tremendous amount of money from sponsorship deals with various companies. Over the years, he has been involved with these companies;
On April 6, 2012, Nigerian Entertainment Today reported Davido had signed a ₦30 million endorsement deal with MTN. The deal unveiled him as the face of MTN Pulse, a marketing campaign aimed at Nigerian youth.
On October 24, 2013, Pulse Nigeria reported Guinness Nigeria had signed Davido for an endorsement deal.
As part of the deal, He performed at the Guinness World of More Concert alongside artists including P-Square, D’banj, Wizkid, Ice Prince, Burna Boy, Olamide, Phyno, Chidinma, Waje and Tiwa Savage.
On May 9, 2018, Guardian Life reported Davido had signed an endorsement deal with Infinix Mobile, a Hong Kong-based smartphone manufacturer.
On June 11, 2021, Martell (cognac) announced Davido as its new ambassador.
Davido Awards
If you are a fan of Davido, you would probably realize awards are no longer a dream to him. He has won almost every category of music award in Nigeria and Africa as a whole. He is also a winner of the prestigious Best International Act at the BET awards
Number 2 of the Top 20 richest musicians in Nigeria
Wizkid
Net worth -$30 million
Wizkid is the 2nd richest musician in Nigeria. He has an estimated net worth of $30 million.
Wizkid 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. He is currently a global star. Wizkid has released several hit songs and has performed on several international platforms.
By February 2021, Wizkid was the most-streamed Nigerian artist of all time on Spotify, with over 3.4 billion streams across all credits. On the 24th of August Wizkid’s Made in Lagos rose to number 1 on Billboard World Album Chart.
On the 27 of August 2021, Wizkid released the deluxe edition of his Made in Lagos album.
Wizkid was born Ayodeji Ibrahim Balogun on 16 July 1990, in Surulere, Lagos. He grew up in an interfaith household with twelve female siblings.
His mother is a Pentecostal Christian and his father practices Islam. Wizkid attended Ijebu Ode Grammar School.
Wizkid’s net worth is $30 million making him one of the top 20 richest musicians in Nigeria.
In 2016, Wizkid achieved international recognition following his collaboration with Drake on the hit single “One Dance”, which reached number one in 15 countries, including the US Billboard Hot 100, the UK, Canada and Australia. He signed a multi-album deal with RCA Records in March 2017.
His third studio album, Sounds from the Other Side, was released in July 2017. It serves as his major label debut and was primarily a Caribbean-influenced record.
SFTOS was supported by five singles: “Daddy Yo”, “Sweet Love”, “Come Closer” featuring Drake, “African Bad Gyal” and “Naughty Ride”.
Wizkid Cars and Houses
Wizkid also has a house in the USA state of Los Angeles. He has invested his money very well and owns other luxury cars such as a Lamborghini Prime X2 worth N28 million, Porsche Panamera worth N13 million, BMW, a Bentley, and a Mercedes Benz.
Endorsements
In 2012, Wizkid signed a one-year endorsement deal with Pepsi reportedly worth $350,000 U.S. He travelled to Beirut, Lebanon, with Tiwa Savage for a Pepsi commercial shoot.
On 28 May 2013, Premium Times reported that Wizkid had signed a one-year deal with MTN Nigeria. The newspaper also reported that Wizkid’s Pepsi contract was renewed for two more years.
In November 2013, Wizkid signed an endorsement deal with Guinness for the Guinness World of More concert, held at the Eko Convention Centre of the Eko Hotel and Suites on Victoria Island, Lagos.
In June 2015, Pulse Nigeria reported that Wizkid had ditched MTN and signed a ₦128 million deal with GLO.
Wizkid Awards
Wizkid’s contributions to the Nigerian music industry have earned him several achievements, including the Grammy Award for Best Music Video as a lead artist on Beyoncé’s “Brown Skin Girl”; his first ever Grammy Award.
He is the most awarded African artist at the BET Awards (3), Soul Train Awards (2), Billboard Awards (3), iHeartRadio Music Awards (2) and MOBO Awards (4).
He is also a recipient of an ASCAP plaque for his songwriting contributions to Drake’s “One Dance”. Wizkid was cited as one of the Top 100 most influential Africans by New African magazine in 2019. He is also the most awarded artiste in The Headies award history.
Studio albums
- Superstar (2011)
- Ayo (2014)
- Sounds from the Other Side (2017)
- Made in Lagos (2020)
Wizkid is among the top 20 richest musicians in Nigeria with a net worth of $30 million.
Don Jazzy
Net worth -$25 million
Don Jazzy is the 3rd richest musician in Nigeria. He is among the most successful music acts in Africa
Michael Collins Ajereh, known professionally as Don Jazzy, is a Nigerian record producer, audio engineer, record executive, singer, songwriter, entrepreneur and philanthropist. He is the founder and the CEO of Mavin Records.
Don Jazzy was born Micheal Collins Ajereh in Umuahia, Abia State, on November 26, 1982, the son of Collins Enebeli Ajereh and Mrs Ajereh. His father is from Isoko in Delta State.
Don Jazzy was born Micheal Collins Ajereh in Umuahia, Abia State, on November 26, 1982, the son of Collins Enebeli Ajereh and Mrs Ajereh. His father is from Isoko in Delta State.
His mother is an Igbo princess from Abia state and his father is a member of the Isoko people.
Ajereh’s family moved to Ajegunle, Lagos where Don Jazzy was raised. He was educated at the co-educational high school, Federal Government College Lagos.
Don Jazzy found an interest in music early in life and at age 12, began to play the bass guitar and piano.
He also gained knowledge of traditional and percussion instruments. Don Jazzy enrolled in business management studied at the Ambrose Alli University, Ekpoma, Edo state.
Don Jazzy Marriage
Don Jazzy was married to Michelle Jackson in 2003. He claims they both had issues as a result of his ambitious nature and subsequently divorced about two years after they wed. However, he doesn’t plan on getting married anytime soon because he fears his love and dedication to music will hurt someone’s feelings again. He likes to keep his personal life private
Awards
- Nigerian Music Awards (2006) – Producer of the Year.
- Nigerian Entertainment Awards (2007) – Music Producer of the Year.
- The Headies 2011 – Producer of the Year for Over The Moon, Mr Endowed and Pop Something
- The Headies 2014 – Producer of the Year for Dorobucci
- City People Entertainment Award (2015) – special recognition award.
- The Beatz Award TM (2019) – New Discovery Producer.
Albums
- D’banj – No Long Thing (2005)
- D’banj – RunDown Funk U Up (2006)
- D’banj – The Entertainer (2008)
- Mo’ Hits All Stars – Curriculum Vitae (2007)
Don Jazzy is among the top 20 richest musicians in Nigeria with a net worth of $25 million
Top 20 Richest Musicians in Nigeria
Rudeboy
Net worth -$25 million
Rudeboy is the 4th richest musician in Nigeria. Paul studied at St. Murumba secondary school in Jos, Plateau State Nigeria together with his brother, Peter also known as Mr P.
Paul joined a school of music and drama club where he started dancing and performing covers songs produced by MC Hammer, Bobby Brown and Michael Jackson with his brother Peter.
Paul Okoye, who is better known as Rudeboy, is a Nigerian singer, songwriter and record producer. He has released several hit songs including, Audio Money, Reason with me, among others.
Rudeboy Wife
On 22 March 2014 Okoye married Anita Isama, whom he met in 2004 during his studies at the University of Abuja. In 2013, their son son Andre was born in Atlanta, Georgia, United States. The couple also have a set of twins who were delivered in Atlanta, USA.
In August 2021,Rude boy wife Anita Oloye files a petition for divorce at the high court in Abuja due to irreconcilable differences with her spouse Paul Okoye
Read Top 50 Richest Musicians in Africa
Rudeboy net worth is $25 million making him one of the richest musicians in Nigeria.
Burnaboy
Net worth -$20 million
Burna Boy is the 5th richest musician in Nigeria. He is among the only few African musicians to have won the prestigious Grammy award.
Damini Ebunoluwa Ogulu, known professionally as Burna Boy, is a Nigerian singer, songwriter, rapper, and dancer. He is one of the biggest and most successful African artists.
He rose to prominence in 2012 after releasing “Like to Party”, the lead single from his debut studio album L.I.F.E (2013). In 2017, Burna Boy signed with Bad Habit/Atlantic Records in the United States and Warner Music Group.
In 2020, his album Twice as Tall was nominated for the same category at the 63rd Annual Grammy Awards, making him the first Nigerian with back-to-back nominations at the Grammys.
In 2021, he won the award for Best World Music Album at the 63rd Annual Grammy Awards.
Damini Ogulu was born in Port Harcourt, Nigeria. His father managed a welding company and his mother worked as a translator. His grandfather Benson Idonije once managed Fela Kuti. His mother Bose Ogulu would later become his manager.
He added another achievement to his repertoire at the BET awards 2021 where he won the Best International Act. With this win, Burna Boy becomes the first African artiste to bag three nominations and wins consecutively, having won the BET Award in 2019, 2020 and now in 2021.
Damini Ogulu was born in Port Harcourt, Nigeria. His father managed a welding company and his mother worked as a translator. His grandfather Benson Idonije once managed Fela Kuti.
His mother Bose Ogulu would later become his manager. Ogulu grew up in southern Nigeria and began making his own beats using FruityLoops.
He attended Corona Secondary School in Agbara (Ogun State) and relocated to London to further his studies. He later studied Media Technology at the University of Sussex.
Endosement deals
On June 16, 2016, Mr P signs a new deal with KIA motor to be their ambassador in Nigeria. He is also a brand ambassador of Olympic milk produced by Nutricima limited.
Peter also had a reality T.V show “Dance with Peter” which was sponsored by Globacom Telecommunication Limited.
In August 2021,he was unveiled as the brand ambassador of Adidas,a manufacturing company that deals with shoes, clothing and accessories.
Burna boy’s net worth is $20 million making him one of the top 20 richest musicians in Nigeria.
Top 20 Richest Musicians in Nigeria
Mr. P
Net worth -$20 million
Peter Okoye aka Mr. P is the 6th richest musician in Nigeria. He is one of the best dancers in Africa.
Peter Okoye who is better known by his stage name as Mr. P, is a Nigerian singer, songwriter and record producer. He rose to fame in the 2000s as a member of the P-Square duo with his identical twin brother Paul Okoye. He is among the wealthiest musicians in Nigeria with a net worth of $20 million
Mr P and his twin brother known in the showbiz as Rudeboy (Nigerian singer) grew up in a large family, in the capital of Plauteau State, Nigeria. He was born into the family of Josephine Okoye and Mazi Moses Okoye.
Mr. P has also signed a number of endorsement deals. Mr P signs a new deal with KIA motor to be their ambassador in Nigeria.
He is also a brand ambassador of Olympic milk produced by Nutricima limited. Peter also had a reality T.V show “Dance with Peter” which was sponsored by Globacom Telecommunication Limited.
In August 2021, he was unveiled as the brand ambassador of Adidas, a manufacturing company that deals with shoes, clothing, and accessories.
Since the disbandment of the Psquare music group, Mr. P has released several hit songs
Mr. P’s Career After Psquare
n 2017, a disbandment of P-Square was announced and both band members went separate musical careers.
Mr P first dropped his solo single titled ‘For My Head’, ‘Cool It Down’ in 2017.
In 2018 Mr P collabrated with Nyanda of Brick & Lace on a song titled “Wokie Wokie”. Mr P currently has his own record label called PClassic Label, the label has signed DJ Switch and in 2021, he released a 16-track debut album as a solo artist titled, The Prodigal.
which featured Tiwa Savage, Simi, Teni, Wande Coal, Tamar Braxton, Singah, Mohombi, DJ Switch, and OvieKelz
Mr. P net worth is $20 million nd he is among the top 20 richest musicians in Nigeria.
2Baba
Net worth -$17 million
2Baba is the 7th richest musician in Nigeria. He is one of the most successful musicians in Africa.
He is one of the most decorated and successful Afro pop artists in Africa. 2Baba is the first winner of MTV Europe, Best African Act Award in 2015
Innocent Ujah Idibia, known by his stage name 2Baba, is a Nigerian singer, musician, songwriter, record producer, entrepreneur, philanthropist, humanitarian, and activist.
Prior to July 2014, he went by the stage name 2face Idibia. He is one of the most decorated and successful Afro pop artists in Africa. 2Baba is the first winner of MTV Europe, Best African Act Award in 2015.
2Baba, in August 2016, became the first African ambassador of Italian alcoholic liqueur Campari.
In 2005, he was named as an ambassador of Guinness beer. He is also the brand ambassador for National Agency for Food and Drug Administration and Control.
When his contract with Airtel expired, he signed a new endorsement deal with Globacom telecommunication in May 2019.
2Baba was made the brand ambassador of Pazino Homes and Gardens, a real estate firm, in July 2019.
Tuface alongside Wizkid was chosen as the face of Hennessy artistry season in 2014. In 2019, 2Baba became the first and official brand ambassador for Oraimo.
Biography
Innocent Idibia was born in Jos, Nigeria. He is from the Idoma ethnic group in the southern part of Benue State, in central Nigeria.
He attended Mount Saint Gabriel’s Secondary School in Makurdi, Benue State. Tuface enrolled at Institute of Management & Technology, Enugu (IMT), where he did his preliminary National Diploma course in Business Administration and management.
While attending IMT, Idibia performed at school organised shows and parties, as well as other regional schools such as the University of Nigeria and Enugu State University of Science & Technology.
He eventually dropped out of school to pursue his music career. While attending IMT, 2face Idibia started composing and singing jingles at the GB Fan Club at Enugu State Broadcasting Services (ESBS) in 1996
2Baba is one of the top 20 richest musicians in Nigeria with a net worth of $17 million
D’Banj
Net worth -$16 million
D’Banji is the 8th richest musician in Nigeria. He is one most successful musicians in Africa.
Oladapo Daniel Oyebanjo, better known by his stage name D’banj, is a Nigerian musician, singer, songwriter, rapper, entrepreneur and television personality.
He has won several music awards, including the awards for Best African Act at the MTV Europe Music Awards 2007, Artist of the Year at the MTV Africa Music Awards 2009, Best International Act: Africa at the 2011 BET Awards, and Best-selling African Artist at the 2014 World Music Awards, Evolution award at the 2015 MTV Africa Music awards.
He has won several music awards, including the awards for Best African Act at the MTV Europe Music Awards 2007,
Artist of the Year at the MTV Africa Music Awards 2009, Best International Act: Africa at the 2011 BET Awards, and Best-selling African Artist at the 2014 World Music Awards, Evolution award at the 2015 MTV Africa Music awards.
He said the year 2021 would be marked in Grand styles and he would release his album titled “Ikebe” before the end of the first quarter.
D’Banj is among the top 20 richest musicians in Nigeria with a net worth of $16 million
Tiwa Savage
Net worth -$12 million
Tiwa Savage is the 9th richest musician in Nigeria. She is one of the most successful female singers in Africa.
Tiwatope Savage is a Nigerian singer, songwriter, and actress. In November 2018, Savage won Best African Act at the 2018 MTV Europe Music Awards, becoming the first woman to win the category.
Savage won Best African Act at the 2018 MTV Europe Music Awards, becoming the first woman to win the category. In May 2019, she announced her record deal with Universal Music Group and exit from Mavin Records.
Biography
Tiwatope Savage was born on 5 February 1980, in Isale Eko, Lagos State, Nigeria. Her family relocated to London when she was 11 years old. While attending secondary school, she was a trombone player for her school’s orchestra band.
Savage graduated with a degree in accounting from the University of Kent, and started working at The Royal Bank of Scotland. She did backup vocals for English singer George Michael at the age of 16, and lent vocals to other musicians such as Mary J. Blige, Chaka Khan, Blu Cantrell, Emma Bunton, Kelly Clarkson, Andrea Bocelli and Ms. Dynamite.
Savage enrolled at Berklee College of Music and graduated with a degree in professional music in 2007.
While reminiscing about her experiences there, she said she was motivated by the drive and passion of the younger students. She also said she needed the school’s atmosphere
Tiwa Savage net worth is $12 million making her one of the richest musicians in Nigeria.
Banky W
Net worth -$11 million
Banky W is the 10th richest musician in Nigeria. Olubankole Wellington was born in the United States on 27 March 1981 to Nigerian parents.
His family moved back to Nigeria when he was five years old. He started singing at a young age in his church choir.
Olubankole Wellington was born in the United States on 27 March 1981 to Nigerian parents. His family moved back to Nigeria when he was five years old. He started singing at a young age in his church choir.
Olubankole Wellington, popularly known by his stage name Banky W and credited in the film as Banky Wellington, is a Nigerian singer, rapper, actor, entrepreneur, and politician.
Banky W net worth is $11 million making him on of the richest musicians Nigeria
Flavour N’abania
Net worth -$10 million
Chinedu Okoli, better known by his stage name Flavour N’abania or simply Flavour, is a Nigerian singer, songwriter and multi-instrumentalist.
He began his musical career as a drummer for a local church. Flavour is popularly known across Africa and the world for his hit song “Nwa Baby (Ashawo Remix)”. He is currently signed to 2nite Entertainment.
Biography
Flavour was born in Enugu State, Nigeria. His family is originally from Umunze in Orumba South LGA, Anambra State, Nigeria. Flavour began his music career at the age of 13 when he started playing the drums for his church choir in Enugu.
At the age of 19, Flavour emerged unto Nigeria’s musical scene as a drummer and pianist for a local Enugu band. After learning to play drums professionally, Flavour received an offer to perform at City Centre, Enugu.
The massive crowd at City Centre inspired him to gain new grounds and reach great heights.
Flavour’s educational background in music enabled him to learn music production from Dekumzy, Isi Charles and Nnachie.
Discography
- N’abania (2005)
- Uplifted (2010)
- Blessed (2012)
- Thankful (2014)
- Ijele the Traveler (2017)
- Awele (2018)
- Flavour Of Africa (2020)
Flavour’s net worth is $10 million making him one of the richest musicians in Nigeria.
Phyno
Net worth -$10 million
Chibuzor Nelson Azubuike, better known as Phyno Fino, 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.
Life and Music
Although a native of Anambra State, Chibuzor Nelson Azubuike was born and raised in Enugu State. His stage name, given to him by one of his high school friend, was derived from the word phenomenal. Phyno developed an interest for music production during his secondary school days.
Throughout secondary school, he learned to play the drums and piano. He also learned to create his own rendition of every recording he heard. He studied public administration at the Institute of Management and Technology in Enugu, and started profiting from music during his second year there.
Phyno began recording his debut studio album No Guts No Glory in 2012. The album features guest appearances from Stormrex, Omawumi, Olamide, Efa, P-Square, Timaya, Flavour N’abania
Studio albums
- No Guts No Glory (2014)
- The Playmaker (2016)
- Deal With It (2019)
Phyno is among the richest musicians in Nigeria with a net worth of $10 million.
Olamide
Net worth -$10 million
Olamide Gbenga Adedeji, known professionally as Olamide and also Olamide Baddo, BaddoSneh or simply Baddo is a Nigerian hip hop recording artist.
On 17 July 2013, Olamide became the first Nigerian to sign an endorsement deal with Cîroc.
Olamide Gbenga Adedeji was born in Bariga, Lagos State, on the 15th of March, 1989. He is the second of the three children of Pa Adedeji and his second wife, Ronke Osisanya Adedeji. Olamide has two siblings, TemmyGold and Eniola Olamilekan.
Olamide started his career when he released the debut single, “Eni Duro,” in 2010. In the same year, he performed at The Hip Hop World Awards.
He studied mass communication at Tai Solarin University but dropped out due to financial problems.
He was signed to ID Cabasa’s Coded Tunes record label and was managed by Toni Payne. In 2012, he left Coded Tunes and started his own record label YBNL Nation.
Studio albums
- Rapsodi (2011)
- YBNL (2012)
- Baddest Guy Ever Liveth (2013)
- Street OT (2014)
- Eyan Mayweather (2015)
- The Glory (2016)
- Lagos Nawa (2017)
- Carpe Diem (2020)
- UY Scuti (2021)
Olamide’s net worth is $10 million making him one of the richest musicians in Nigeria
Timaya
Net worth -$10 million
Inetimi Timaya Odon better known by his stage name Timaya, is a Nigerian singer and songwriter. He hails from Odi, Bayelsa state. 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. His second album Gift and Grace was released in 2008.
Inetimi Timaya Odon was born on 15 August 1980 in Port Harcourt, Rivers State. He grew up as part of a large family; the youngest of fifteen children in Agip Estate, Port Harcourt.
His father was a banker and his mother was a trader. For his early education, Odon attended Assemblies of God Nursery And Primary School.
His secondary school education began at Nkpolu Oroworukwo in Port Harcourt.
After the success of “Dem Mama”, Timaya decided to continue with producer K-Solo. He recorded seven more songs for his first album True Story, which was eventually released in 2007. Later that year, Timaya began work on his second album with producers Phyno, Jeggs, Spankie, Akeem D Beat, Obaksolo and Terry G.
Timaya net worth is $10 million making him one of the richest musicians in Nigeria
Yemi Alade
Net worth -$8 million
Yemi Eberechi Alade is a Nigerian Afropop singer, songwriter, actress, and activist. Alade sings in English, Igbo, Pidgin, Yoruba, French, Swahili, and Portuguese. Her music has been of influence in many African countries and the world as she is acclaimed “Mama Africa” for her versatility in using different African languages and attires in her songs and music videos.
Yemi Alade currently has a fortune of $8 million which makes her one of the top 20 richest musicians in Nigeria
M.I Abaga
Net worth -$7 million
Jude Abaga, better known as M.I Abaga, is a Nigerian hip hop recording artist and record producer. He was CEO of Chocolate City from June 2015 to 2019.
He won Best Hip Hop and Best New Act at the 2009 MTV Africa Music Awards, and was nominated in the Best International Act category at the BET Awards 2010.
His critically acclaimed debut studio album Talk About It was released on 11 December 2008. The LP was succeeded by MI 2: The Movie (2010). Four years after that, he released The Chairman as his third studio album.
Abaga released the playlist Rendezvous in February 2018. In August of that year, he released his fourth studio album A Study On Self Worth: Yxng Dxnzl.
On 6 March 2020, Abaga announced his exit from Chocolate City Music and launch of his record label Incredible Music.
Jude was born in Jos, Plateau State. His parents, Pastor and Mrs Abaga are from Takum, Taraba state, both of Jukun-Nigerian descent.
He attended Baptist High School, Jos where his mother purchased basic music notations and later, a 7-key mini piano which launched him into the music world.
Jude began his music career when he returned to Nigeria in 2003. Finding his place in an industry dominated by the likes of Modenine, Ruggedman and Eedris Abdulkareem, he quickly commenced the production of mixtapes with his friend Djinee.
This led to the critically acclaimed single “Safe”, which gathered impressive airplay by African radio and music video stations such as MTV Vibe.
The track also earned him awards at the Nigerian Music Video Awards, City People, N.E.A among others.
M.I Abaga net worth is $7 million making him one of the richest musicians in Nigeria
Tekno
Net worth -$7 million
Augustine Miles Kelechi, popularly known as Tekno, is a Nigerian singer and songwriter.
Tekno Miles was first signed under K-Money Entertainment. His first single titled “Holiday”, was released under the imprint. With featured vocals from Davido, “Holiday” was positively accepted and gained massive airplay.
Tekno Miles was spotted by renowned Nigerian comedian Julius Agwu at an event in Abuja, after Tekno Miles received a standing ovation following the performance of a song titled “Onye Ne Kwu”, his remix of Ice Prince’s “Oleku”.
It was at the same event he met Iyanya and Ubi Franklyn, the manager of Made Men Music Group and they became friends. Ubi and Iyanya eventually encouraged Tekno Miles to move to Lagos to further his music career
Tekno is one of the top 20 richest musicians in Nigeria with a net worth of $7 million.
Simi
Net worth -$6 million
Simisola Kosoko, better known by her stage name Simi, is a Nigerian singer, songwriter and actress. She started her career as a gospel singer, releasing her debut studio album in 2008, titled Ogaju. She gained prominence in 2014 after releasing “Tiff”, a song that was nominated for Best Alternative Song at The Headies 2015.
Simi has a net worth of 6 million and she has made it to the list of the top 20 richest musicians in Nigeria.
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Falz
Net Worth -$5 million
The 19th richest musician in Nigeria is Falz with a net worth of $6 million.
Folarin Falana better known by his stage name Falz, is a Nigerian rapper, songwriter and actor who began his career while in secondary school after forming a group called “The School Boys” with his friend before his professional career as a music artist began in 2009.
Falz became more well-known after releasing the song “Marry Me” featuring vocals from Poe and Yemi Alade.
He currently owns an independent record label called Bahd Guys Records. He released his debut album Wazup Guy in 2014.
His second album Stories That Touch was released in 2015. He released 27 in 2017, and his fourth studio album Moral Instruction in 2019.
Falz describes his style of music as “Wahzup music”. It is the fusion of comic lyrics with contemporary hip-hop in a faux Yoruba accent.
The 19th richest musician in Nigeria is Falz with a net worth of $6 million.
Patoranking
Net Worth -$3 million
Coming number 20 on our list of top 20 richest musicians in Nigeria is Patoranking.
Patrick Nnaemeka Okorie better known by his stage name Patoranking, is a Nigerian reggae-dancehall singer and songwriter.
He started his music career doing underground collaborations with artists such as XProject, Konga, Slam and Reggie Rockstone.
He signed a record deal with K-Solo’s Igberaga Records in 2010, releasing “Up in D Club” under the outfit. Patoranking became a protégé of Dem Mama Records after collaborating with Timaya on his song “Alubarika”. In February 2014, he signed a record deal with Foston Musik and released “Girlie O”, a single that put him in the limelight.
On 9 February 2015, Patoranking announced on Instagram that he signed a distribution deal with VP Records.
on September 28 Patoranking released a song titled Abule one he released ahead of his album scheduled to be released later soon in 2020. The artiste once said in 2020 that he once got inspiration for song on a football pitch while playing football.
Patoranking net worth is $3 million making him one of the top 20 richest musicians in Nigeria
Source: Glusea
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