Discover the TOP 10 RICHEST MUSICIANS IN NIGERIA 2023
The Nigerian music industry has being doing well in releases of hits songs and no doubt received international acclaim, and this has in turn improved the paychecks and net worth of the wonderful musical artist involve.
This success of the Nigeria Music Industry can be attributed to the likes of 2face Idibia, Don Jazzy, Davido, Wizkid and many others. If you are wondering who is the richest musician in 2023, who the top 10 richest musicians in Nigeria in 2023 are, then look no further as I’ll be listing the top 10 richest Nigerian musicians in 2023, their net worth according to Forbes, brief biography on them and their source of in of income.
10. Timaya
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Timaya was born in Port Harcourt on August 15, 1977. Bayelsa State is the State of his origin. Timaya is a performer, songwriter, and vocalist.
Inetimi Timaya Odon is His real name.
He is the founder of DM Records. In 2005, he made a debut as a solo artist with the single “Dem Mama,” which was also included on his debut album.
He has received numerous honors and nominations for his work, including four Headies Awards, two Awards from All Africa Music Awards, one Nigeria Music Award, and a Nigerian Entertainment Award.
His net worth, is estimated to be at $10 million
He makes his money from Music, Investment, and Endorsements.
9. Phyno
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Chibuzor Nelson Azubuike, better known by the stage name Phyno, is a Nigerian rapper and record producer.
He was born on October 9,1986 And hails from Anambra state.
He is the fourth of five children born to his parents. Phyno grew up in Enugu and acquired his primary, secondary, and tertiary education in Enugu state before opting to pursue his musical career.
His net worth is estimated to be about $11.5 Million.
He also makes his money from Music, Investment, and Endorsements.
8. D’banj
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D’banj began his musical career by playing the harmonica of his late elder brother.
His younger brother died in a plane crash when he was 17 years old.
D’banj constantly played the harmonica as an homage to him and to keep his memory alive in his mind. Despite this, he abandoned his aim of becoming a mechanical engineer in the middle of his studies at Lagos State University due to a persistent strike.
He then moved to the United Kingdom in 2001 to complete his education but had to leave after meeting Don Jazzy, an aspiring songwriter at the time.
His net worth is estimated at $12 Million.
He also makes his money from Music, Investment, and Endorsement.
7. Olamide
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Olamide Ade-de-ji is a Yoruba born Artist from Lagos, Nigeria.
He is a Nigerian rapper and the founder of the YBNL Nation record label.
The musician adds a touch of his mother tongue to his compositions, you may have wondered if he makes it in the industry.
But this artist, on the other hand, is having a major breakthrough With a net worth of $14 million,
accolades for him cause he is the Best Indigenous Artists, and more, he is one of the richest artists in Nigeria.
He makes his money from Music, Record Label, Investment, and Endorsement.
6. P-square
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It’s hard to discuss Mr. P without mentioning P-square. They’re both brothers who prefer to do things together, such as write and play music.
They were both born in Jos on November 18, 1981.
The single “Senorita” was P- square’s first hit, and then followed by several additional hits that gave them opportunities all over the world.
When it comes to successful music business veterans, “Peter & Paul Okoye” cannot be overlooked. They are among the top 10 richest musicians in Nigeria in 2022, with a net worth of $16 million.
They make their money through music, Investment, and endorsement.
5. 2Baba
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2 Face Idibia is one of the most influential Nigerian artists. His real name is Innocent Ujah Idibia.
His music titled African Queen brought him to limelight in the year 2004. Since the debut of that song, 2face Idibia has remained on top of his game as he has made major hits and cool vibes back to back.
He has won several awards like the MTV Music Awards, Headies and BET Awards.
Even though 2face likes living a private life, it’s not hard to tell that he possesses luxurious cars and houses.
He owns two houses in Lagos, one apartment in the US, and relaxation lounges in Ikeja, FESTAC, and Lagos Island.
His net worth is estimated at $18 million.
He makes his money from music, investment, and endorsement.
4. Burna Boy
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Relocating to Lagos was the best move for Burna Boy as it further helped his career.
He started gaining recognition in the music industry in 2012 when he released his hit single ‘Like to Party’ from his debut album L.I.F.E.
Burna Boy sold more than 40,000 copies of L.I.F.E. on the very first day of its release.
Also, Burna Boy sold L.I.F.E marketing rights to Uba Pacific for 10 million Naira.
However, he left Aristokrat records in 2014, and in 2015 he established his record label named
Spaceship Entertainment.
Burna Boy’s music career has been filled with success stories as he has been making waves both nationally and internationally.
In 2020, Burna Boy released his most recent music album, Twice as Tall, making waves nationally and internationally. The album earned him a 2021 Grammy Award nomination for the Best Global Music Album.
Currently, he is a brand ambassador to Globacom, Nigerian Breweries Plc, and Mortell Cognac.
His net worth is about $19 million.
He also makes his money through music, Investment, and endorsement deals.
3. Don Jazzy
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In Nigeria music industry, Collins Michael Ajereh, known as Don Jazzy, is the third on the list of top 10 richest musicians in Nigeria in 2022.
Don Jazzy is an indigene of Umuahia in Abia State. His birth date is on the 26th of November, 1982.
Don Jazzy’s musical career started with his collaborations with D’banj, where the both of them made different hit tracks such as Mo’hits. Before they parted ways about a decade ago.
It was after the separation that Don Jazzy created the Mavins Records Label.
Don Jazzy is not just a musician, but he is also a music producer and an entrepreneur. This rich music star is the CEO of the Mavins Records Label.
Don Jazzy is known to have an eye for talent, and always look musical talent in others in order for him to help them out in signing them in his music label.
On January 21, 2020, he announced the signing of a female artiste, Ayra Starr, into his music fold.
Aside from his music career, he also has profitable contracts with companies like MTN and Loya Milk.
He also signed an endorsement deal with V-Bank in December 2020.
Don Jazzy’s net worth is estimated to be over $20 million.
Don Jazzy makes his money from music, Record Label, investment, and endorsement.
2. Wizkid
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Wizkid is taking the 2nd list in richest musician in Nigeria. His net worth is estimated at $30 Million, making him the second richest musician in Nigeria in 2022.
His musical career can be traced back to 2009 in Empire Mates Entertainment records owned by “Banky W” where he recorded his debut album “Superstar” in 2011, which had the Hit track “Holla at Your Boy” which apparently brought him to limelight.
In July 2019, the talented singer added more to his net worth after confirming a mega-deal signing for United Bank for Africa (UBA) as their brand ambassador.
His songs still tops Billboard’s top 100 Hot music.
Wizkid won the award for Best Music Video at the 63rd Annual Grammy Awards in 2021 as a lead artist on Beyoncé’s “Brown Skin Girl.”
He makes money from music, Record Label, investment, and endorsement
1. Davido
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David Ade-leke popularly known as Davido is the richest musician and artist in Nigeria in 2022.
Davido’s net worth is estimated at $40 million.
His net worth is largely from music and endorsement projects such as the $78,296 MTN endorsement deal, Guinness Nigeria, and Infinix mobile.
Davido also performs in local and international shows, where he earns as much as 10 million Naira per performance (in Nigeria) and $30,000 for international performances.
Davido’s net worth and wealth are also affected positively by his YouTube channel, which has attracted over 663 million views since it was created. In addition, his Instagram account is not left out In fact, Davido’s per post on Instagram has an estimated value of about $91,000.
He ranks number 29 in the world ranking of Instagram Richest Celebrities.
So guys that’s what we have for you on top 10 richest Nigerian musicians.
Please comment down your favorite Nigerian Musician and what you think about them.
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Hope our youths today can read this and see that none of this people made their money through money rituals. Let’s stop the senseless killing for money.
we hope so too….