The richest musicians in Nigeria 2024 list features some of the biggest stars in Afrobeats, with their wealth fueled by streaming royalties, international tours, endorsements, and performance fees.
At the top of this list is Wizkid, with an estimated net worth of over $40 million. His income stems from streaming hits like “Essence” and major endorsement deals with brands like Tecno and Puma.
Wizkid reportedly charges around $200,000 for international shows, contributing significantly to his earnings.
Revealed: Top 10 Richest Musicians in Nigeria 2024
10. Tiwa Savage Net Worth $12 million
Full Name: Tiwatope Savage
Age: 44 (as of 2024)
Nationality: Nigerian
Category: Richest Nigerian Musicians
Net Worth: $12million
Tiwa Savage, known as the Queen of Afrobeats, is estimated to be worth $9 million in 2024. Her success comes from multiple sources, including revenue from streaming platforms and major brand endorsements.
She has millions of views on her YouTube channel and earns between $1 and $20 per thousand views.
Tiwa Savage’s brand collaborations include high-profile deals with MTN, Pepsi, and Forte Oil.
Earning around ₦10-15 million for performances at major events has helped in influencing the Tiwa Savage net worth. Her influence expanded globally through international collaborations with artists like Beyoncé, Sam Smith, and Brandy.
— Tiwa Savage ⚔️ (@TiwaSavage) October 14, 2024
Her debut album, Once Upon a Time (2013), cemented her place in the Nigerian music scene. Despite personal challenges, including a highly publicized marital breakup, she has remained a top earner in the Nigerian entertainment industry
9. Phyno Net Worth $12 million
Full Name: Chibuzor Nelson Azubuike
Age: 38 (as of 2024)
Nationality: Nigerian
Category: Richest Nigerian Musicians
Net Worth: $12 million
Phyno, one of the richest musicians in Nigeria 2024, has amassed a significant fortune from various sources.
His net worth, estimated at around $12 million, is driven by music sales, streaming, live performances, and brand endorsements.
Phyno’s unique blend of Igbo rap has made him a dominant figure, especially in South-East Nigeria, earning him a massive fan base. His hit songs like Fada Fada and Connect have consistently topped the charts, contributing to the extensive streaming revenue and boosting the Phyno net worth.
fada fada by Phyno ft Olamide is up there with one of the best nigeria songs ever! pic.twitter.com/YkPocskq4d
— Scanty SZN (@EiiScanty) August 14, 2024
In addition to music, Phyno has lucrative endorsement deals with major brands like Globacom, Guinness, and Monster Energy, further boosting his income.
He also earns from his record label, Penthauze Music, and charges around ₦5-10 million for high-profile performances. His influence and business acumen have solidified his position among the top musicians in Nigeria.
8. D’Banj Net Worth $14million
Full Name: Oladapo Daniel Oyebanjo
Age: 44 (as of 2024)
Nationality: Nigerian
Category: Richest Nigerian Musicians
Net Worth: $14million
D’banj, a pioneering figure in Afrobeats, boasts a net worth of $14 million as of 2024. His income is driven by his music streams, brand endorsements, and business ventures.
Since his breakout hit “Koko,” D’banj has maintained a strong presence, with “Oliver Twist” being another milestone that charted internationally.
You asked for the D ‘Koko’, now you’ve got the full version out now on all platforms, Let’s go pic.twitter.com/mn6hCpQl36
— D’banj D Kokomaster (@iamdbanj) July 12, 2024
Endorsement deals with brands like Ciroc, SLOT, and Globacom have added substantially to his wealth. His influence extends beyond music, with ventures like the Koko Foundation and his work as an ambassador for various causes.
For live performances, he charges between ₦7 to 10 million per show, adding to the D’Banj net worth.
His ability to reinvent himself and capitalize on new business opportunities solidifies his position among the richest musicians in Nigeria 2024.
7. 2Baba Net Worth $18million
Full Name: Innocent Ujah Idibia (2Baba)
Age: 48 (as of 2024)
Nationality: Nigerian
Category: Richest Nigerian Musicians
2Baba, formerly known as 2Face, remains one of Nigeria’s wealthiest and most influential musicians in 2024, with an estimated net worth of $18 million.
His wealth is primarily derived from music streaming platforms, endorsements, and real estate investments.
Some of his major endorsement deals have been with top brands like Campari, Globacom, and Guinness, which have significantly bolstered his income.
Due to his extensive catalogue, which includes timeless hits like African Queen, he earns a considerable amount from music streaming platforms.
Additionally, the 2Baba net worth continues to grow as he charges around ₦10-15 million for performances at locally and internationally high-profile events.
His career has been a blend of consistency and reinvention, ensuring his place among the richest musicians in Nigeria 2024.
6. P-Square Net Worth $18million each
Full Name: Peter Okoye & Paul Okoye
Age: 42 (as of 2024)
Nationality: Nigerian
Category: Richest Nigerian Musicians
Net Worth: $18million each.
P-Square, one of Nigeria’s most iconic musical duos, will continue to be among the richest musicians in Nigeria in 2024, with an estimated net worth of $18million each.
Their wealth comes from multiple sources, including massive streaming royalties from their extensive music catalogue, global tours, and lucrative endorsement deals.
They’ve partnered with brands such as Globacom and Olympic Milk, earning millions in endorsements alone.
Now its time for my loyal fans to dance to my music! Yes! am upping up the beats and Tempo Taking everyone to the dance floor soon! who’s with me♂️?…..wait for it …. #ZOOM #NewWave #KingOfDanceFloor #KODF pic.twitter.com/js5Qlt3oBx
— Mr Psquare (@PeterPsquare) April 9, 2018
Their debut album, Last Nite, released in 2003, laid the foundation for their success, but it was Game Over, released in 2007, that solidified their dominance, selling over 8 million copies.
The brothers faced a much-publicized breakup in 2017 due to family and managerial disputes but reunited in 2022, thrilling fans once again with their music.
They around ₦20 million or more for local performances and even higher fees internationally, boosting the P-Square net worth.
Despite their marital issues and professional disagreements, their reunion has reinforced their standing as key figures among the richest musicians in Nigeria in 2024.
5. Olamide Net Worth $15 million to $20 million
Full Name: Olamide Adedeji
Age: 35 (as of 2024)
Nationality: Nigerian
Category: Richest Nigerian Musicians
Net Worth: $15 million to $20 million
Olamide, popularly known as “Baddo,” is one of Nigeria’s wealthiest musicians in 2024, with an estimated net worth between $15 million and $20 million.
He is the founder of YBNL Nation, a record label that has launched the careers of successful artists like Fireboy DML and Adekunle Gold.
His income is fueled by a combination of music streaming revenue, his YBNL label earnings, and endorsements with major brands like Cîroc.
Olamide’s debut album Rapsodi (2011) marked a major turning point in his career, propelling him into mainstream success. Over the years, he’s evolved his sound while managing successful artists under his label.
He charges around ₦10 million for live performances, and his endorsement deals and investments further bolster his fortune.
Known for his unique Yoruba-infused rap, Olamide’s net worth reflects his lifestyle of luxury, and his influence is significant, especially among young artists in Nigeria’s rap and Afrobeats scenes.
His role as both an artist and a business mogul keeps him firmly among the richest musicians in Nigeria 2024.
4. Don Jazzy Net Worth $30million
Full name: Michael Collins Ajereh (Don Jazzy)
Age: 41 (as of 2024)
Nationality: Nigerian
Category: Richest Nigerian Musicians
Net Worth: $30million
A music producer, entrepreneur, and the brain behind Mavin Records, has built a substantial fortune in 2024.
The Don Jazzy net worth, estimated at $30 million, comes from various sources, including revenue from streaming platforms and production royalties.
He has worked with global brands like Loya Milk and MTN, earning significant income through endorsements.
As the founder of Mo’Hits Records alongside D’Banj, Don Jazzy’s early success came through collaborations on iconic tracks like “Oliver Twist.”
Nice to see that D’banj and Don Jazzy are still good friends ❤️
— valking ♔ (@_VALKlNG) October 19, 2022
However, the split of Mo’Hits led to the birth of Mavin Records, home to some of Nigeria’s top acts like Rema, Ayra Starr, and Ladipoe, boosting his reputation and fortune.
His charges for shows are substantial, and his business ventures, including his work as a producer and mentor, have cemented his position as one of the richest musicians in Nigeria 2024.
Don Jazzy’s success as both an artist and businessman has been instrumental in shaping the modern Nigerian music scene.
3. Davido Net Worth $40million
Full Name: David Adedeji Adeleke
Age: 31 (as of 2024)
Nationality: Nigerian
Category: Richest Nigerian Musicians
Net Worth: $40million
Davido, one of the richest musicians in Nigeria in 2024, has built his fortune through multiple avenues, including streaming revenue, endorsement deals, and touring.
His music, characterized by energetic beats and catchy lyrics, has earned him millions in streams on platforms like Spotify and Apple Music.
Davido gained 2.3m+ streams yesterday on Spotify ⏳ pic.twitter.com/KBiOT6p5Z7
— Princ3will (@PObonatazw) October 20, 2024
With over 1 billion Spotify streams, his earnings are estimated to be in the range of $4,000-$9,000 per million streams, boosting the Davido net worth.
His journey to fame began with the hit single “Dami Duro”, which solidified his place in the Nigerian music scene.
Over the years, his albums like A Better Time and A Good Time have topped charts globally, boosting his income further. Davido’s international tours have also been a significant income source, with charges for shows ranging from $100,000 to $200,000.
Additionally, he has secured endorsement deals with brands like MTN, Infinix, and Pepsi, further increasing his wealth.
Aside from his music, Davido is also known for his charity work, notably through the Davido Adeleke Foundation, which focuses on supporting education and healthcare initiatives in Nigeria.
2. Burna Boy Net Worth $40million
Full Name: Damini Ebunoluwa Ogulu
Age: 33
Nationality: Nigerian
Category: Richest Nigerian Musicians
Net Worth: $40million
In 2024, Burna Boy net worth is estimated to be between $17 million and $25 million. His rise to global prominence is attributed to his Grammy-winning album Twice as Tall and the hit single “Ye” from Outside, which catapulted him into international fame.
Millions of streams across platforms drive Burna Boy’s financial success, high-profile endorsements with brands like Pepsi and Martell, and lucrative world tours that see him charging up to $500,000 per show.
Burna Boy’s influence in Afrobeats is underscored by his ability to blend Afrobeat, dancehall, and reggae, making him one of the richest musicians in Nigeria in 2024.
His mother, Bose Ogulu, plays a key role in his success as his manager, guiding his career from his breakthrough in 2013 to becoming a global star.
While he remains unmarried, his private life often draws attention, especially due to his previous relationship with British rapper Stefflon Don.
Beyond music, Burna Boy also engages in charity work, advocating for social causes and contributing to educational initiatives across Nigeria
1. Wizkid Net Worth $40million
Full Name: Ayodeji Ibrahim Balogun
Age: 34
Nationality: Nigerian
Category: Richest Nigerian Musicians
Net Worth: $40million
Wizkid’s estimated net worth in 2024 is projected to be around $50 million. His wealth stems from his prolific music career, which includes numerous international collaborations with artists like Drake and Beyoncé, boosting his global recognition.
Wizkid has also secured lucrative endorsement deals with brands like Pepsi, MTN, and GLO, adding significantly to his earnings.
As one of the richest Musicians in Nigeria 2024, Wizkid charges substantial amounts for his shows and tours globally.
Throwback Thursday ️
Wizkid dropped “Ojuelegba” and ever since then, it was an uptrend pic.twitter.com/sIdVQyuIsL
— WeTalkSound (WTS) (@wetalksound) June 1, 2023
His single Ojuelegba helped catapult him to international fame, while Surulere became a hit, especially resonating with Lagosians for its storytelling on patience and perseverance, and it also has a great impact on the Wizkid net worth.
Wizkid’s family life includes three children with different women, but he remains unmarried. His fashion-forward persona and entrepreneurial ventures, like his record label Starboy Entertainment, continue to solidify his position as a major figure in the Nigerian entertainment industry.
