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Top 10 richest musicians in Nigeria 2021

ByJuma Chai

Oct 26, 2018

Nigerian artistes have not only been making headlines but have also been perfecting their art when it comes to ensuring that they release one hit song after the other. It must be clear then that this ‘go big or go home’ attitude that is mounted on their brains has somewhat made their pockets heavier than the average person.
In relation to this, today, we bring to you a list of top 10 richest musicians in Nigeria, stating carefully how each one of them landed a seat on the top notch;

1.DAVIDO (N16b)

David Adeleke, commonly known by his alias as Davido, tops this list. Despite him being the son of one of the richest businessmen in Nigeria, the 25 year old talented singer has been able to work his way up the ladder with his talent. His breakthrough was his song ‘IF’ which has over 70 million views on youtube. Davido has won many awards such as the Mobo award. He leads the 30 Billion dollar club and is signed with SONY records and has been able to sign major endorsement deals such as Infinix and Axe. There have been rumours being spread in the recent past claiming that he bought a Bambodier jet. Davido is said to own many flashy cars such as rolls Royce, Porsche, audi among others.

2. WIZKID (N12b)

His real name is Ayodeji Ibrahim Balogun. He is claimed to be one of the biggest music exports out of Nigeria for the past 4 years. He was able to top Billboard Hot 100 Music Chart, earning a Grammy Award Nomination. He is the CEO of Starboy Records where artisted like MR. Eazi and Becca are signed.

3.DON JAZZY(N7.5b)

Michael Arejeh Collins a businessman come CEO of Mavin Records, is Nigeria’s wealthiest producer and CEO. He charges not less than N500,000 to produce a song.
4. D’BANJ (N6b)
He is a well established businessman and is worth about N$6 billion.

5.2FACE Idibia (N5.9b)

He was part of the Defunct plantashun boiz. He was rich way before the newbies came in and displaced him. He has positioned himself well in the real estate industry and is claimed to own Rumors Night Club in Lagos.


Before they split, the twins were in an RnB duo called Psquare which was major around the early 2000s. They sang and danced at shows, taking the Nigerian music industry to another level. It is said that the duo used to charge N8 million per show. They own a good number of flashy cars, mansions and are known for major brand endorsements. After they split, each one of them became a solo brand with Peter being Mr.P and Paul being Rudeboy.


Alfred Inetimi Odon is a Nigerian singer and songwriter who owns a record label called the South South Hiphop Group. He has been known to have sold out albums.


Olamide is the CEO of a record label known as YBNL Nation. He is currently the richest Nigerian rapper. He is the brand ambassador of Hennessy an Glo. His performance fee is approximated to be about N5 and N8 million.

9. BANKY W N3.5b)

He is the true definition of Jack of all trades. Olubankole Wellington, commonly known by his stage name as Banky W is not only a musician but also an actor as well as a brand influencer. He has done brand influence for companies such as Uber and Samsung.

10. FLAVOUR (N3b)

This list could not be complete without mentioning Mr. Chinedu Okoli. He became successful after the release of his second album which made him one of the most sort after musicians on the continent. His popularity has landed him brand deals such as Flat tummy tea and MTN.

Did you spot your favourite Nigerian artiste on this list? Let us know in the comments section.

Juma Chai

A writer dedicated to providing the world with the best insights into Africa.

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