Top 10 Richest Musicians In Nigeria – Richest musicians in Nigeria 2022

Without a doubt, the Nigerian music industry has grown from the national to the international market.  That is to say, Nigerian musicians and singers now have greater audiences, and more audiences means more viewership; more viewership means more money.

And in talking about the Nigerian music industry, you can not help but mention names like Don Jazzy, Davido, Wizkid, Burna Boy, Olamide, Tuface, Phyno, Psquare, and the likes. I mean, these are G.O.A.Ts as far as Afrobeats and the Nigerian music industry are concerned.

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Speaking about G.O.A.Ts; Greatest Of All Time, many musicians in the Nigerian music industry have distinguished themselves from the crowd and this is by how much influence and money they have — how much they are worth.

 

Without further talks, I will be taking a thorough look at the top 10 richest Nigerian musicians 2022. Talking about that, we will be looking at their net worth according to Forbes’ estimates. Oh, yeah, let’s get into it!

 

List of the Top 10 richest Nigerian musicians 2022; sorted according to the musician’s name and net worth, thus:

 

1

Davido

$40 million

2

Wizkid

$30 million

3

Don Jazzy

$20 million

4

Burnaboy

$20 million

5

Tuface

$18 million

6

Psquare

$16 million

7

Olamide

$15 million

8

Phyno

$12 million

9

Timaya

$11.4 million

10

Asa

$10.5

 

1. Davido

With an estimated net worth of about $40 million, Davido is the richest Nigerian musician, according to Forbes’ estimate. Making it to the top 10 richest Nigerian musicians 2022, David charges nothing less than 10 million Naira per show.

Born David Adeleke and holding Nigerian-American citizenship, record an average of 20 million views in each of his videos on YouTube.

Davido, who is signed under the Sony Records label, is known for his hit songs which have over the past years given massive viewership and streams. “If, Assurance, Dami Duro, Fall,” and other songs are some of his hit songs.

In 2018, David Adeleke made it to the Forbes list of “Africa 30 Under 30.” What’s more, Davido has a record label named “DMW Record.” So far, he has signed many accomplished musicians, including Peruzzi, Dremo, Mayorkun, and many others.

2. Wizkid

Wizkid is the second richest Nigerian musician in 2022 with an estimated net worth of about $30 million. According to reports, Wizkid is the first Nigerian artist to have sold out the 02 Arena UK three days in a row.

Making it to the top 10 richest Nigerian musicians 2022, Wizkid changes nothing less than 15 million Naira per show. He has collaborated with many international artists, including Drake in his 2016 hit single “One Dance.”

Drake’s “One Dance,” entered the Guinness book of record for the most played song on Spotify. Wizkid has also featured other international artists like Beyoncé. He featured her in one of her hit songs, “Brown Skin Girl.”

Wizkid is also known for his 2021 album “Made In Lagos (MIL), and “Essence,” featuring Nigerian R&B singer Tems off of the album. Although it didn’t win the nomination, Essence was, nonetheless, nominated for a Grammy award as Best Global song of the year.

3. Don Jazzy

For many reasons, one cannot talk about the Nigerian music industry without talking about Don Jazzy. Born Michael Collins Ajereh, Don Jazzy made it to our top 10 richest Nigerian musicians 2022 list with a net worth of about $20 million.

Don Jazzy is a Nigerian musician, producer, and record label boss. He is the owner and founder of the record label “Mavin Records.” According to our findings, Don Jazzy is known for giving the younger generation of Nigerian youth a platform to showcase their talents.

Accordingly, now-famous young Nigerian artists like Rema, Crayon, Boy Spyce, Arya Starr, and many other young artists are signed under Don Jazzy’s record label, Mavin Records.

4. Burna Boy

Born Damini Ebunoluwa Ogulu, Burna Boy made fourth place in our list of the top 10 richest Nigerian musicians 2022 with a net worth of about $20 million.

5. Tuface Idibia

Born Innocent Ujah Idibia, Tuface Idibia made it to fifth place in our list of top 10 richest Nigerian musicians 2022 with a net worth of $18 million.

Tuface Idibia, also known by his other nicknames 2Baba or 2Face, rose to prominence in 2004 following the release of his hit album, “African Queen.” Also known for his hit singles, including “Oyi, Amaka,” and others, Tuface is a force to reckon with in the Nigerian music industry ’cause I mean, he has been in the limelight since 2004.

6. Psquare

Born Peter Okoye and Paul Okoye, the musical duo Psquare made it to sixth place in our top 10 richest Nigerian musicians 2022 with a net worth of about $16 million. The musical duo rose to the limelight in 2003 following the release of their hit, “Last Nite.”

7. Olamide

Born Olamide Adedeji, Olamide took seventh place in our list of top 10 richest Nigerian musicians 2022 with an estimated net worth of about $15 million. He is a Nigerian indigenous rapper and musician, who also is the founder and CEO of the record label, “YBNL Nation.”

Since it was founded, YBNL Nation has produced now-famous young talents, including Asake, Jayboi, Fireboy DML, and a couple of others. Also known as Baddo Sneh, Olamide rose in 2012 after his 2011 album, Rapsodi became a hit.

8. Phyno

Born Azubuike Nelson, Phyno made it to the eighth place in our list of top 10 richest Nigerian musicians 2022 with an estimated net worth of about $12 million. Phyno is an indigenous rapper, who raps more in his indigenous language, Igbo, than in English.

He started his career in the Nigerian music industry in 2003 and has since risen to prominence. Although he was famous before 2020, many more people got to know about Phyno following his collaborations with Flavour in the hit song, “Doings.” Also, he is known for producing and releasing the hit song titled “Highway” with DJ Kaywise in 2020.

9.  Timaya

Born Inetim Timaya Odom, Timaya made it to ninth place in our list of top 10 richest Nigerian musicians 2022 with an estimated net worth of about $11.4 million. Also known by his nickname “Plantain Boy,” Timaya rose to the limelight in 2007 following the release of his hit titled “True Story.”

 

Also, he is known for other of his hit songs, including his second album released in 2008 titled “Gift and Grace,” and his third album titled “De Rebirth.” Oh, and he is famous for his contributions to the early Nigerian music industry.

 

10.  Asa

Born Asa Bukola Elemide, Asa became the tenth and the last person to make it to our top 10 richest Nigerian musicians 2022 list with an estimated net worth of about $10.5 million. She holds Nigerian-French citizenship and rose to prominence following the release of her debut album titled “Eye Adaba.”

 

Winning the “Best Recording of the Year” at the 2015 Headies and the “Best R&B/Pop Album,” “Best Alternative Song,” and “Best Vocal Performance (Female)” the same year, Asa’s self-titled album, “Asa” won the “French Constantin Award” in 2008.