Nigeria is known for producing some of the best artists in the world who are revolutionizing the music industry. Not only these musicians have earned a lot of recognition and fame but have also made millions of dollars in net worth. In this article, we have compiled and presented a list of the top 20 richest musicians in Nigeria in 2024 along with their net worth and some basic details about them.
Top 20 Richest Musicians in Nigeria 2024
The table provides the list of the top 20 richest musicians in Nigeria along with their net worth.
| S. No. | Name | Net worth |
| 1 | Davido | $40 million |
| 2 | 2Baba | $22 million |
| 3 | Burna Boy | $17 million |
| 4 | Paul Okoye | $16 million |
| 5 | D’banj | $14 million |
| 6 | Olamide | $12 million |
| 7 | Timaya | $11 million |
| 8 | Flavour | $10 million |
| 9 | Phyno | $10 million |
| 10 | Banky W | $9 million |
| 11 | Tiwa Savage | $6 million |
| 12 | M.I. Abaga | $5 million |
| 13 | Tekno | $5 million |
| 14 | Patoranking | $5 million |
| 15 | Peter Okoye | $5 million |
| 16 | Ice Prince | $5 million |
| 17 | Falz | $5 million |
| 18 | Yemi Alade | $4 million |
| 19 | Wizkid | $4 million |
| 20 | Kizz Daniel | $2 million |
Nigeria’s 20 Richest Musicians List
Check out some interesting details about the 20 richest musicians in Nigeria. We have already covered their names and net worth, not let’s learn a little bit more.
1. Davido
David Adedeji Adeleke is the richest musician in Nigeria with a whopping net worth of $40 million. Born in the US and raised in Nigeria, Davido is active in the music industry since 2009. Earlier he was a member of the music group KB International.
2. 2Baba
2Baba (real name: Innocent Ujah Idibia) is a singer, songwriter, record producer, and also entrepreneur, and major philanthropist. He is considered one of the most influential artists of Nigerian pop music, known for bringing a new wave of awareness to the music industry.
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3. Burna Boy
Damini Ebunoluwa Ogulu, or Burna Boy as you know him, gained prominence with his superhit single ‘Like to Party’. The singer is active in the industry for more than a decade now and has accumulated an astonishing net worth of $17 million.
4. Paul Okoye
Paul Okoye, better known as Rudeboy, rose to fame as a member of the P-Square duo. The other member of this duo is none other than his identical twin brother Peter Okoye. Both brothers are counted among the richest musicians in Nigeria, Paul being richer than Peter.
5. D’banj
Oladapo Daniel Oyebanjo (stage name: D’banj) is a rapper, singer, and also the founder of Mo’ Hits Records with producer Don Jazzy. D’banj is the winner of several music awards including Best-selling African Artist, Best International Act: Africa, Artist of the Year, etc.
6. Olamide
Olamide is considered by many as one of the biggest and most influential artists, not just in Nigeria but in all of Africa. Not only he has been enjoying a successful career in the music industry, but he has also played a key role in launching the careers of several Afrobeats music stars.
7. Timaya
Timaya is one of the most popular pop artists in Nigeria known for his blend of Dancehall music and other music genres. For his contribution to the Nigerian music industry, he has been given several awards and nominations including four Headies Awards, 2 AFRIMMA Awards, one Nigeria Music Award, and an NEA Award.
8. Flavour
Chinedu Okoli, better known by his stage name Flavour N’abania or Flavour, started his musical career as a drummer for a local church. As of now, he is not one of the most popular singers in Nigeria but has established himself as a celebrated music artist in the whole of Africa.
9. Phyno
Chibuzor Nelson Azubuike, professionally known as Phyno, is a Nigerian singer famous for his rapping in the Igbo language. he has given multiple single hits and also collaborated with several well-renowned artists including Davido, Timaya, Olamide, Wizkid, Flavour, and others.
10. Banky W
Born in the US and raised in Nigeria, Banky W is one of the richest musicians in Nigeria with an astounding net worth of $9 million. He started singing at a very young age and used to perform in the church choir. He has been in the music industry for more than two decades now.
11. Tiwa Savage
Tiwatope Savage is the first female singer to be included in the list of the 20 richest musicians in Nigeria. As of 2024, her net worth stands close to $12 million. She was a participant in the UK edition of The X Factor but later returned to Nigeria to pursue her career in the Nigerian music industry.
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12. M.I. Abaga
Jude Lemfani Abaga, popularly known as M.I Abaga rose to prominence with his song “Crowd Mentality” that released in 2006. He was earlier the CEO of Chocolate City record company but left it to begin his own record label Incredible Music.
13. Tekno
Augustine Miles Kelechi, or Tekno as you know him, is a singer, songwriter, and record producer from Nigeria who is among the richest musicians in the country. He is best known for his song ‘Holiday’ which featured vocals from renowned singer Davido.
14. Patoranking
Patoranking (birth name: Patrick Nnaemeka Okorie) is a multiple award winner singer and songwriter from Nigeria. He has been active in the industry since 2009 and has given many hits as a solo artist and has also done many collaborations with other renowned artists.
15. Peter Okoye
Peter Okoye is another member of the popular duo P-Square which he formed along with his identical twin brother Paul Okoye. However, since 2017 both brother has parted ways and Peter is enjoying a solo career just like his brother.
16. Ice Prince
Panshak Henry Zamani, (stage name: Ice Prince Zamani or Ice Prince) is best known for his song ‘Oleku’ which is one of Nigeria’s most remixed songs of all time. Started singing when he was just in school, and with time Prince has established himself as one of the renowned singers of Nigeria.
17. Falz
The next singer to be featured in the list of the 20 richest musicians in Nigeria is Folarin Falana or Falz. As of 2024, Falz’s net worth is estimated to be $5 million. Falz holds a degree of LLB honors degree in Law from the University of Reading England.
18. Yemi Alade
Yemi Alade is the second female singer who made her name in the list of Nigeria’s richest musicians. Not only Nigeria but Yemi is considered one of the biggest artists in Africa. her net worth in 2024 is close to $4 million.
19. Wizkid
Wizkid is one of the most popular singers in Nigeria who has achieved international fame owing to his several hits. Many people consider him one of the most influential African artists of all time. Wizkid is the winner of several awards and accolades.
20. Kizz Daniel
Oluwatobiloba Daniel Anidugbe, or Kizz Daniel as people know him, gained fame with the release of his debut song Woju. He was earlier known by his stage name Kiss Daniel but later changed it to Kizz Daniel in 2018.
Frequently Asked Questions
Davido
$40 million (est.)
Tiwa Savage ($6 million)
