Nigeria is well-known for many things, one of which is its talented musicians. Nigerian musicians are well-known not only in Africa, but also around the world. Burna Boy’s BET win last year exemplifies this. Have you ever wondered who the top 20 wealthiest musicians in Nigeria are? Find out how much these gifted artists are worth.
Many people refer to Nigeria as the “Land of Afro-pop,” and this is because the nation is home to many Afro-pop artists. These artists have amassed enormous fortunes from their profession, and they deserve to be recognised for their contributions to the African and global entertainment industries. Here are the net worths of the richest Nigerian musicians.
Here are the list of the top 20 richest musicians in Nigeria:
20. Duncan Mighty
Duncan Mighty’s net worth is $1.8 million.
Duncan Wene Mighty Okechukwu (born October 28, 1983), known commonly as Duncan Mighty, is a Nigerian musician, singer, and producer from Obio-Akpor, Rivers State.
Mighty’s debut full-length album, Fully Loaded (Koliwater), was a commercial success in 2009. The 22-track album produced hit songs like “Ijeoma,” “Scatter My Dada,” and “Ako Na Uche” and attracted the attention of many music fans across the country. His second studio album, Legacy (Ahamefuna), was released in 2010 with 15 fewer tracks than its predecessor. The album was also well received by fans and music connoisseurs. Tracks like “Obianuju” and “Port Harcourt Son” catapulted him to international fame and a massive fan base. In 2011, he received three nominations for the 6th Annual NEA Awards and was named “Indigenous Artist of the Year.”
He released Footprints in September 2012, an 18-track album featuring Timaya, Shaggy, Otuu Sax, Sandaz Black, and Wande Coal. He was honoured by the UN as a peace ambassador.
His top hits include songs such as Fake Love, Ako Na Uche, Na God, I Don’t Give a Damn, and Hand of Jesus.
19. M.I. Abaga
M.I. Abaga’s net worth:$2 million.
M.I Abaga (born Jude Lemfani Abaga on October 4, 1981) is a Nigerian rap star and record producer. In 2006, his song “Crowd Mentality” became popular in Jos, Nigeria, and he rose to prominence. Talk About It, his debut studio album, was released in 2008. MI 2: The Movie was released as a follow-up to the LP (2010). Four years later, he released his third studio album, The Chairman. In February 2018, Abaga released the playlist Rendezvous. He released his fourth studio album, A Study On Self Worth: Yxng Dxnzl, in August of that year.
From 2015 to 2019, Abaga served as the CEO of Chocolate City.
He announced his departure from the label in March 2020 and the launch of his own record label, Incredible Music.
D’banj net worth: $2 million
D’banj is no new name in any list of the richest musicians in Nigeria. He was born asOladapo Daniel Oyebanjo on June 9th, 1980, in Zaria, Kaduna State.
His dad was a military officer while his mother worked as a businesswoman. She was also a devout Christian.
For his education, D’banj attended:
- Nigeria Military School
- Nigerian Navy School
- Lagos State University: While at the university, he studied Mechanical Engineering. He, however, dropped out and moved to London to pursue his career as a musician.
Some of the most famous songs by the artist include:
- Fall in Love
- It’s Not a Lie
- Issa Banger
- El Chapo
- Shake It
D’banj has worked with brands such as Power Fist, Globacom, Bank of Industry, Heritage Bank, Beats by Dre, Ciroc Nigeria, and SLOT.
17. Kizz Daniel
Kizz Daniel net worth: $3 million
Formerly known as Kiss Daniel, the Nigerian musician changed his name to Kizz Daniel in 2018.
He was born on May 1st, 1994, in Abeokuta, Ogun State, as Oluwatobiloba Daniel Anidugbe. For his schooling, he attended Abeokuta Grammar School and later proceeded to the Federal University Of Agriculture, Abeokuta, where he studied Water Resources Management and Agrometeorology. He graduated in 2013.
He began having an interest in music when he was just 11 years old. Some of his most famous hits include:
- One Ticket
- Ello Baby
- No Do
Teni net worth: $4 million
Teniola Apata was born as the ninth out of 10 children in her home. Her elder sister, Niniola, is also a popular songstress.
Her dad was a retired Brigadier General who was tragically assassinated in the year 1995 when Teni was just two years old.
She attended Apata Memorial High School, which was owned by her late dad. She also has a degree in Business Administration, which she obtained from American Intercontinental University.
Some of her songs include:
- Uyo Meyo
- Power Rangers
KCee net worth: $5 million
Kingsley Chinweike Okonkwo was born on April 18th, 1979, in Ajegunle, Lagos State. He is the elder brother to E-Money, an entrepreneur who is the CEO of Five Star Music. E Money net worth is $27 million.
KCee started his career in 1999, and to date, his most popular hits are:
- Pull Over
- Feel It
14. Yemi Alade
Yemi Alade net worth: $6 million
The gained fame after winning the Peak Talent Show in 2009. She was born as Yemi Eberechi Alade on March 13th, 1989, in Abia, Nigeria.
She attended Saviour British Primary School, Victory Grammar School, and the University Of Lagos, where she studied Geography.
Some of her hits include:
- Na Gode
Tekno net worth: $8 million
Tekno Miles was born as Augustine Miles Kelechi on December 17th, 1992, in Bauchi.
When he was just eight years old, he enrolled in a music school and learned to play the piano and guitar.
As his dad was a member of the Nigerian army, he grew up in different parts of the country. For his secondary school education, he attended Heritage School, Kaduna.
He released his first single titled Holiday in 2013. He is known for hits such as:
- Green Light
- Don’t Jealous Me
12. Banky W
Banky W net worth: $8.5 million
Banky W is an American-born Nigerian artist whose real name is Olubankole Wellington. He was born on March 27th, 1981, in the United States of America. When he was five years old, his family moved to Nigeria, where they lived for 12 years before going back to the USA.
He attended Corona Primary School, Home Science Association Secondary School, and Ajao Secondary School in Nigeria. He then went back to the USA for his higher education. He enrolled at RPI and studied Industrial Engineering.
He began his music career by singing at his church choir. His hits include:
- Made for You
- Love U Baby
Apart from singing, he is also an accomplished actor who has appeared in films like The Wedding Party. He is also credited for his appearance on T.V. shows like Shuga and Jacob’s Cross.
Banky W has collaborated with brands such as Coca-Cola, Airtel, Microsoft, TomTom, Samsung, Uber, MTN, And Ciroc Vodka.
11. Tiwa Savage
Tiwa Savage net worth: $9 million
Tiwatope Savage-Balogun was born on February 5th, 1980, in Ikeja, Nigeria. Her family moved to England when she was 11 years old.
She obtained a Business Administration degree from Kent University and also attended Berklee College of Music on a scholarship.
Some of her hits include:
- All Over
- Ma Lo
- Ello Baby
- My Darlin
- Get It Now
She has collaborated with numerous brands, such as Forte Oil, Star Radler, Maggi, and MTN Nigeria.
Flavour net worth: $9.5 million
Flavour N’abana was born as Chinedu Okoli on November 23rd, 1983, in Enugu State, Nigeria.
He began his career in music as an instrumentalist, playing the drums and piano. He is also an actor who has played supporting roles in various Nollywood films.
Among his popular songs are:
- Nwa Baby
- Baby Na Yoka
- Ada Ada
- S*xy Rosey
- No One Like You
- Most High
9. Peter and Paul Okoye
Peter and Paul Okoye net worth: $10 million each
The twins currently perform as Mr. P and Rudeboy. They were born on November 18th, 1981, in Jos, Nigeria. They released their first album in 2011. Some of their most popular albums include:
- Game Over
- Double Trouble
- The Invasion
- Get Squared
Their hits include:
- Beautiful Onyinye
- Chop My Money
- Do Me
- E No Easy
- No One Like You
Despite performing separately at the moment, they still have the same net worth of $10 million each.
Timaya net worth: $10.5 million
Inetimi Alfred Odom was born on August 15th, 1980, in Port Harcourt, Nigeria. He is the youngest of 15 kids. His mom was a trader while his dad worked as a banker.
He attended Assemblies of God Nursery and Primary School, and for his secondary education, he went to Nkpolu Oroworukwo in Port Harcourt. He also attended Ikeja Grammar School.
His hits include:
- I Can’t Kill Myself
- Pull Up
Timaya has endorsed different brands, such as GLO.
Phyno net worth: $11 million
Chinuzoi Nelson Azubuike is his real name. He was born on October 9th, 1986, in Enugu, Nigeria. The singer, songwriter, and record producer attended the Institute of Management and Technology, Enugu, where he studied Public Administration. He started his music career in 2003, and some of his songs are:
- Ride For You
- Fada Fada
- So Far So Good
- The Bag
He has endorsed brands such as Globacom, Nairabet, Monster Energy, and Cadbury Nigeria PLC.
Olamide net worth: $12 million
Olamide is well known for hits such asPawon, Wo!!, Motigbana, Melo Melo, and Dobo.
He was born as Olamide Adedeji on March 15th, 1989, in Lagos, Nigeria. He is the current CEO of YBNL Nation. In 2000, he decided to pursue music and rose to fame with Eni Duro. In 2011, he released his debut album titled Rapsodi.
For his education, he attended Tai Solarin University of Education Ijagun, Ijebu-ode, Ogun State. He studied Mass Communication.
He has endorsed various brands such as Hennessy, Globacom, Etisalat, Ciroc Ultra Premium Vodka, Sterling Bank, and Goldberg Lager beer.
2Baba net worth: $16 million
2Baba was born as Innocent Ujah Idibia on September 18th, 1975, in Jos, Plateau State. He attended Saint Gabriela’s Secondary School in Makurdi, Benue State. He later enrolled at the Institute of Management And Technology, Enugu. He then dropped out to pursue a career in music.
He is married to Annie Macaulay. They got married on May 2nd, 2012 in Lagos, Nigeria. He currently has 7 kids from 4 different women. His hits include:
- See Me So
- African Queen
- If Love Is a Crime
4. Burna Boy
Burna Boy net worth: $17 million
Burna Boy is a singer-songwriter who rose to fame in 2012 because of his hit titled Like to Party. He was born as Damini Ebunoluwa Ogulu on July 2nd, 1991, in Rivers, Nigeria. His dad managed a welding company while his mother worked as a translator.
His achievements include winning a BET award in 2019 for the Best International Act and collaborating with Beyonce on her album titled The Lion King: The Gift.
Burna Boy’s most liked hits are:
- On the Low
- Ja Ara E
3. Don Jazzy
Don Jazzy net worth: $18.5 million
Don Jazzy is a Nigerian singer, songwriter, record producer, and entrepreneur. He was born as Michael Collins Ajereh on November 26th, 1982, in Umuahia, Abia State, Nigeria.
He started playing drums before he was four years old and began playing the guitar when he was 12 years old.
He attended the Federal Government College, Lagos. He attained a degree in Business Management from Ambrose Alli University, Ekpoma.
Don Jazzy co-founded Mo’Hits Records in 2004 with D’banj. On May 8th, 2012, he founded Mavin Records. This was after Mo’Hits closed shop.
As an entrepreneur, Don Jazzy ventured into the oil and gas industry in Nigeria by establishing Mavin Energy in 2013. Mavin Energy deals with the supply of petroleum products to homes and companies.
In 2017, he partnered with Dele Odufunye to launch Flobyt Wifi. He has endorsed brands such as MTN Nigeria, Johnnie Walker, Konga, LOYA Milk, and Samsung Electronics.
As a record producer, he has produced a number of albums such as D’banj’s No Long Thing and RunDown Funk U Up and Korede Bello’s Belloved.
Davido net worth: $19 million
David Adedeji Adeleke is an American-born Nigerian artist known for hits such as Blow My Mind, Risky, Assurance, Skelewu, Aye, Flora My Flawa, and many more.
He was born on November 21st, 1992 in Atlanta, United States of America. He was raised in Lagos and made his debut as a member of KB International.
He studied Business Administration at Oakwood University before dropping out to make beats and record vocal references.
He has collaborated with brands such as MTN, Guinness Nigeria, and Infinix Mobile.
Who is the richest musician in Nigeria?
The richest musician in Nigeria is none other than Wizkid, aka Starboy.
Wizkid net worth: $20 million
Wizkid is a Nigerian singer-songwriter who was born as aAyodeji Ibrahim Balogun on July 16th, 1991, in Surulere, Lagos. He also goes by the monickers Starboy and Lil Skies.
His mom is a pentecostal Christian, while his dad is a Muslim. He has 12 sisters.
He went to Ijebu Ode Grammar School, and for his higher education, he attended Lagos State University.
He started recording music when he was 11 years old. His hits include:
- Come Closer
The brands he has collaborated with include Pepsi, MTN Nigeria, Guinness, and GLO.
Wizkid is the Forbes richest musician in Nigeria.
You may have noticed that some top musicians like Patoranking did not make it to the list. As Patoranking net worth is $1 million, his net worth is below that of the #20 on the list.
Now you know who the top 20 richest musicians in Nigeria are. Keep reading legit.ng to get more updates about your favorite artists.