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2021's Richest Nigerian Musicians

Mary is fascinated by celebrity tidbits and loves to write about them whenever she can!

Nigeria is home to so many musical talents and artistes who continue to dazzle their fans with lovely music as the weeks go by. Album after album, single after single, it only gets better. It is therefore not surprising that these musical icons also have fat bank accounts, by virtue of their career. The remarkable success which many of them have achieved in their career has brought about huge financial gains for them through the rates they charge per shows, streaming their music, endorsements and even personal investments. In fact, some of these Nigerian music artistes are worth millions of dollars. Below is a list of Nigeria’s top richest musicians in 2021 in no particular order!

1. Burna Boy

Popularly and professionally known as Burna Boy, Damini Ogulu is one of Nigeria’s best acts and musical artiste. The young legend began his career when he signed a record deal with Aristokart Records. He’s currently signed to Atlanta Records, where he has been making impressive moves. In the space of the past three years, Burna has made several millions of dollars from his music as he stands as the most streamed Nigerian artiste of the moment. Burna is brand ambassador for Star, Pepsi Cola and Standard Chartered Bank. Burna boy is currently worth $18.1 million, equivalent of N7.2 billion naira.

2. 2Face Idibia

There are musicians, and there are musicians. 2Face is no ordinary musician, as the "African Queen" crooner remains known for making good, quality music. Having been in the industry for quite some time, 2Face has accumulated wealth for himself. And despite having so much money, 2Face reveals that he is an aggressive investor. 2Baba co-owns the popular Rumours Night clubs in Lagos, some real estates across Nigeria. As a matter of fact, he recently started a massive Agro-business spanning hectares of land in his state of origin, Benue.
2 Face is a brand ambassador to brands like Campari, Trophy Lager Beer, phone accessory maker Araimo etc, with a networth of ₦14.8 Billion ($37 Million).


3. Wizkid

Wizzy! This is one remarkable Nigerian artiste who began singing at a very young age. Ayo Balogun, also know as Wizkid is the Nigerian to have a sellout at the prestigious O2 Arena in the UK, thereby setting the pace for other Nigerian artists. Wizkid also stands as one of the first artistes to feature star American musicians in his songs.
Wizkid’s net worth is estimated to be $63.3 Million dollars (N25 Billion Naira). Alongside Burna, Wizkid won awards at the 2021 Grammys. Wizkid won the Best Music Video for his song with Beyoncé, "Brown Skin Girl," from the album "Lion King: The Gift."


4. Olamide

Olamide ‘Badoo’ whose full name is Adedeji Olamide is the leader of YBNL, one of the most successful record labels in Nigeria. As of today, Olamide is one of the richest musicians in Nigeria with a net worth of ₦4.7 Billion. Olamide is one of the most promising music artists in Nigeria.


5. Davido

Davido is one of the best-selling music artistes in Nigeria, Africa, and worldwide. The Assurance crooner who tagged himself O.B.O (Omo Baba Olowo) has won several awards on both local and international platforms.
Originally, David Adeleke, known popularly as Davido, hails from a wealthy background. However, besides the wealth from his family, Davido has made so much money for himself from his musical career. And while many Nigeria musicians may not be interested in flaunting their wealth, Davido is. In fact, Davido takes every opportunity he can get to show just how wealthy he is. Look beyond the display of wealth though, Davido is a really philanthropic individual, helping many in their times of need.
Davido currently has a net worth of ₦28 Billion ($70 Million).


6. Don Jazzy

When the conversation has to do with music producers in Nigeria, it is very unlikely that Don Jazzy’s name would be omitted. This is because Don Jazzy is one of the most revered music producers Nigeria has ever had. The popular Mavins record was founded and is owned by this superman.
The Nigerian music industry is a peculiar space, but Don Jazzy has done a great job of navigating its tides. The results speak for themselves with the producer currently worth ₦26.1 Billion ($65.3 Million).
Don Jazzy’s record label has produced successful artists like Wande Coal, Rekardo Banks, Tiwa Savage, Dbanj, Johnny Drille, Korede Bello and a host of others. The music producer is also involved in other businesses.


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