Top 50 Richest Musicians in Nigeria 2023 {Latest Ranking}

Top 50 Richest Musicians in Nigeria 2023 {Latest Ranking}

Check out the ranking of the top 50 richest musicians in Nigeria. Nigerians brim with much enthusiasm when entertainment is a matter of discussion. As regards their diehard passion for entertainment, particularly the musical aspect of it, the names of numerous Nigerian musicians have featured in talking points both domestically and internationally.

In this regard, you could imagine the prestige of Nigerian music, how Nigerians value it, and the aesthetic qualities which distinguish eras of music from each other. Gone are the days a great deal of Nigerians listened to traditional songs (such as Apala amongst the Yoruba’s). Nowadays, hip-hop music has exceptionally displaced the traditional songs and through its influence, the best part of the youths now find it enjoyable at the expense of the long-established songs of our old grannies.

Who Is The Richest Musician In Nigeria?

Please Note:

The rating of the richest Nigerian Musicians is often based on media reports. However, some other yardsticks are used, these include- The artist having his / her label or signed to a record label, duration of the artist in the music industry, the number of hit songs released by the artists and how much sales he/she make on iTunes. Reference to the latest forbes ranking of Africa’s richest musicians

Top 50 Richest Musicians In Nigeria And Their Net Worth

  • 1. Davido

Davido, David Adedeji Adeleke, the self-acclaimed “Omo Baba Olowo’’ is the fourth richest musician in Nigeria, is never a strange mention when you think of Nigeria’s musicians who have soared high within an incredibly short time frame. At the moment, the awesome superstar –popularly dubbed “Davido’’ –has an endorsement deal with the well known SONY records.

  • 2. Wizkid

Wizkid: Ayodeji Ibrahim Balogun, Just as his admirers would always call him, is a youngster with inspiring musical potentials. His reputation has undoubtedly given him an honorable stance within and outside Nigeria. In addition to his dignified position as the top member of a Record label named STARBOY, Wizkid has claimed lots of awards. Likewise, his name has featured amongst the nominees for this year’s Grammy Awards.

  • 3. Don Jazzy

DonJazzy: Micheal Collins Ajereh, a distinctly-gifted personality who sensibly blends singing with music production, Don Jazzy’s distinguished status as a singer cum producer has made him Nigeria’s richest music producer for the current year. In addition to his high-soaring fame, he serves as the boss of MAVIN –a top-notch record label that features the presence of other stars including Tiwa Savage, Korede Bello, and Iyanya. Currently, Don Jazzy is believed to be worth N17 billion.

  • 4. Jidenna

Jidenna: Jidenna Theodore Mobisson Al Amin, Though a talented musician whose recognition in Nigeria may not compare that in America, Jidenna is a Nigerian born in America. He skillfully combines his role as a recording artist with music production. Since his inception in the music industry in 2012, his songs have continued to reach a wider audience, particularly in America.

Check here to learn more about the second richest musicians in Nigeria – The Chief Jidenna Net Worth Biography

  • 5. PSquare 

PSquare: Peter and Paul Okoye, Without any skepticism, the pair of these twins can’t be omitted in any list comprising the richest Nigerian musicians. And fascinatingly, their everlasting combination makes them the richest Nigerian musicians as of now. Having won lots of awards from their top-selling albums both domestically and internationally, the two brothers have earned much recognition and expanded their fan base. On a yearly basis, they reportedly earn mouthwatering profits from endorsement deals and record sales.

  • 6. D’ Banj

D’ Banj: Oladapo Daniel Oyebanjo, –famously nicknamed “Koko Master’’ is a much-admired musician whose huge worth hovers around N5 billion. His massive worth is not a bizarre one to know as regards his global success through his profit-yielding brand. With this awesome achievement, D’ Banj is presently ranked as the sixth richest Nigerian musician of the present year.

  • 7. TuFace

TuFace: Innocent Ujah Idibia, When you think of a hip-hop star whose soothing voice and emotional songs can make ladies go gaga, Innocent Idibia –popularly called 2Face –is the perfect name that should not be controverted on any grounds. Over the years, reputable Nigerian brands have continually associated the superstar’s name with their advertisements. And without any skeptical impressions, 2Face Idibia is always a legendary musician whose name continues to ring within memory. Besides, the globally-recognized hip-hop star is declared to be worth N2.5 billion.

  • 8. Tiwa Savage

Tiwa Savage: Tiwatope Savage Balogun, When the appellation “Sexy Mama’’ hits your eardrum, be sure Tiwa Savage is the talking point. The lovely Nigerian musician remains a significant character in the stable of Mavins Record. Likewise, her exciting videos have grabbed lots of people’s attention and definitely reached millions of page views on YouTube.

  • 9. Banky W

Banky W: Oluwabankole Wellington, a greatly admired musician, not only for the sonorous pitch of his voice but also his handsome look, serves as the CEO of EME –a prominent Nigerian Music Record Label. Banky W’s massive wealth is undoubtedly a fascinating product of his ambassadorial roles for several mega-firms such as Samsung Mobile and 9Mobile –formerly Etisalat.

  • 10. Olamide

Olamide: Olamide Adedji, YBNL Boss, Call him a maddening rapper and you’re definitely on point! This young talent suitably blends his skills as a singer and rapper. Through his intense acquaintance with local slang, lots of street boys have certainly become his diehard fans. YBNL continues to churn out great talent into the Nigerian music industry.

  • 11. Timaya

Timaya: Inetimi Alfred Odon, This superstar is perceived as a giant musician hailing from a middle-belt region –precisely Niger Delta. His admirable albums have earned him lots of followers on social media, particularly his YouTube video clips. At the moment, his net worth hangs around N1.1 billion.

  • 12. Flavour

Flavour N’abania, whose birth name is Chinedu Okoli, has remained one of the indispensable personalities in the music industry. Great admirers of his high-profile songs perceive him as the king in churning out highlife music. As regards his inspiring devotion to highlife music, Flavour’s name is usually a great mention when you intensely long for highlife music. With the superstar’s name has appeared on a number of mega endorsement deals, his popularity has spiraled across African countries.

  • 13. Iyanya

Iyanya: Iyanya Onoyom Mbuk, A one-time winner of MTN Project Fame, Iyanya has acquired much recognition for himself and surprisingly this achievement has come within a short time frame. With the influence of his blockbuster release titled “Kukere’’, the talented hip-hop star has made a remarkable name in the entertainment industry. Meanwhile, Iyanya is currently worth N1.8 billion.

  • 14. Jude M.I

M.I: Jude Abaga, Practically, only a few people would find it skeptical if M.I is termed the most fortunate African rapper who has succeeded to so high a degree. To crown the great name M.I has made for himself, his presence is a definite mention in the list of the stakeholders of Chocolate City records. At the moment, reports have it that he is worth extremely close to N1 billion.

  • 15. Kcee

Kcee: Kingsley Chinweike Okonkwo, This lucky musician has made a name for himself! Would you deny the truth of that? (Never would you do that!). Kcee has surprisingly risen from a partner in a group named KCPresh and in point of fact, the fortunate musician has amassed millions of likes and pageviews on the social platform, especially with the help of his massive releases -“Limpopo’’ and “Pull-Over’’.

  • 16. Phyno

Phyno: Chibuzor Nelson Azubuike, Identify him as the best Igbo rapper and hardly would you find somebody who would say you’re wide of the mark. Phyno is considered remarkable for the sumptuous flow of his Igbo dialect which makes him a recognized rapper across Nigeria. Meanwhile, the talented rapper is much admired by the Igbo’s just, in the same manner, a multitude of Yoruba’s enjoy Olamide’s charisma. Currently, Phyno’s excellent shows, adverts and much more have placed him around a net worth of N900,000.

  • 17. Asa

Asa: Bukola Elemide

  • 18. Ice Prince

Ice Prince: Panshak Henri Zamani, An arguable Hausa man whose name cannot be excluded from the list of Nigeria’s vibrant rappers, Ice Prince struck the music industry with his high-selling video clip “Oleku’’. Through this video clip, the superstar has numerous fans who have spruced him up with millions of page views on social media.

  • 19. Tekno Miles

Tekno Miles: Augustine Miles Kelechi,

  • 20. Yemi Alade

Yemi Alade: Yemi Eberechi Alade, One of Nigeria’s leading feminine musicians, Yemi Alade is apparently the second leading female musician in Nigeria. Through the influence of her blockbuster release “Jonny’’, she has won the hearts of many followers on social media and she is currently worth very close to N1 billion.

  • 21. Omawunmi

Omawunmi: Omawumi Megbele,

  • 22. Chidinma Ekile

Chidinma Ekile: Formerly a participant in the MTN Project Fame, Chidinma has grown from a mere musician to a much-admired personality in the music industry. Other than the huge benefits and great recognition she has earned from her admirable release “Kedike’’, her lovely voice evidently places her amongst Nigeria’s best vocalists.

  • 23. Reminisce

Reminisce: AbdulKhalid Safaru

  • 24. Duncan Mighty

Duncan Mighty: Amongst the guild of musicians ever churned out by the Niger Delta, this mighty musician whose name already conforms to mightiness is definitely one. Duncan Mighty’s singing style has made lots of people from the Niger-Delta regions understand that their born musicians are still appealing to the region’s fashion. With the help of “Obianuju’’ –one of his most-admired songs on social media –the superstar has become a notable musician and captured the interests of many followers.

Top 50 Richest Musician In Nigeria List

  1. Wizkid – Ayodeji Ibrahim Balogun – July 16, 1990
  2. Davido – David Adedeji Adeleke – November 21, 1992
  3. Don Jazzy – Micheal Collins Ajereh – November 26, 1982
  4. Jidenna – Jidenna Theodore Mobisson Al Amin – May 4, 1985
  5. PSquare – Peter and Paul Okoye – November 18, 1981
  6. Dbanj – Oladapo Daniel Oyebanjo – June 9, 1980
  7. 2face – Innocent Ujah Idibia – September 18, 1975
  8. Tiwa Savage – Tiwatope Savage-Balogun – February 5, 1980
  9. Banky W. – Oluwabankole Wellington –
  10. Olamide – Olamide Adedeji March 15, 1989
  11. Timaya – Inetimi Alfred Odon – August 15, 1980
  12. Flavour N’abania – Chinedu Okoli – November 23, 1983
  13. Iyanya Onoyom Mbuk – October 31, 1986
  14. M.I – Jude Abaga October 4, 1981
  15. Kcee – Kingsley Chinweike Okonkwo – April 18, 1979
  16. Phyno – Chibuzor Nelson Azubuike – October 9, 1986
  17. Asa – Bukola Elemide – September 17,1982 
  18. Ice Prince – Panshak Henri Zamani – October 23, 1986
  19. Tekno – Augustine Miles Kelechi – December 17, 1992
  20. Yemi Alade – Yemi Eberechi Alade – March 13, 1989 
  21. Omawumi – Omawumi Megbele – April 13, 1982
  22. Chindinma Ekile – Chidinma Ekile – May 2, 1991
  • Who Is The Richest Most Popular Musician In Nigeria

Pease Note The Remaining Top 30 Richest Nigerian Musicians is more of a popularity list

Continuation of the Top 50 Richest Musicians in Nigeria

  • 21. Burnaboy – Burna Boy – July 2, 1991
  • 22. Reminisce – AbdulKhalid Safaru – January 26, 1981
  • 23. Duncan Mighty – Duncan Wene Mighty Okechukwu – October 28, 1983
  • 24. Wande Coal – Oluwatobi Wande Ojosipe – October 18, 1985
  • 25. 9ice – Abolore Akande – January 17, 1980
  • 26. HarrySong – Harrison Tare Okiri – March 30, 1981
  • 27. Sound Sultan –
  • 28. Runtown – Douglas Jack Agu – August 19, 1989
  • 29. Small Doctor – Temitope Adekunle – October 19, 1996
  • 30. Oritse Femi – Oritsefemi Majemite Ekele – January 5, 1985
  • 31. Lil Kesh – Keshinro Ololade – March 14, 1995
  • 32. Falz – Folarin Falana – October 27, 1990 – Lagos
  • 33. Korede Bello – Korede Bello – February 29, 1996
  • 34. Reekado Banks – Ayoleyi Hanniel Solomon – December 1993
  • 35. Kiss Daniel – Anidugbe Oluwatobiloba Daniel – May 1, 1994
  • 36. Adekunle Gold – Adekunle Kosoko – January 28, 1987
  • 37. DJ Spinall – Sodamola Oluseye Desmond – June 2, 1984
  • 38. Sean Tizzle – Morihanfen Oluwaseun Oluwabamidele – December 15, 1989
  • 39. Mr. Eazi – Oluwatosin Oluwole Ajibade – July 19, 1991
  • 40. Timi Dakolo – Timi Dakolo – January 20, 1981
  • 41. Ycee – Oludemilade Martin Alejo – January 29, 1993
  • 42. Skales – Raoul John Njeng-Njeng – April 1, 1991
  • 43. Simi – Simisola Bolatito Ogunleye – April 19, 1988
  • 44. Dija – Hadiza Blell –
  • 45. Waje – Aituaje Iruobe – September 1, 1980
  • 46. Orezi – Esegine Allen – March 28, 1986
  • 47. Sheyi Shay – Oluwaseyi Odedere – December 21, 1985
  • 48. Praiz – Praise Ugbede Adejo – March 8, 1984
  • 49. Mayorkun – Adewale Mayowa Emmanuel – March 24, 1994
  • 50. Niniola – Niniola Apata – December 15, 1986
  • 51. Maleek Berry – Maleek Shoyebi – August 11, 1987
  • 52. Aramide – Aramide Sarumoh – June 22, 1985

That’s it for the Top 50 richest musicians in Nigeria and their Net worth, share your thought with us through the comment box and like us on Facebook @ or follow us on Twitter @

Tagged: Forbes list of Top 50 richest musicians in Nigeria, richest artist in Nigeria male and female, the 10 richest hip-hop artist