Top 3 richest Nigerian musicians – The Nigerian music sector is one of the fastest-growing industries in the country, and it has produced amazing singers over the years. Here are the top 10 of the richest musicians in Nigeria in 2020.
With many of them winning many international awards and performing in many countries, Nigerian musicians and top artists rank among the wealthiest musicians/artists in the whole of Africa and the world at large. Richest Nigerian musicians
Many Nigerian artistes have been catapulted by music from a life of nothing to everything, from grass to grace. As a result of the gains, they have made in the music business, many of those who had nothing are now leading lavish lives. Richest Nigerian musicians
They were poor from their beginnings, like Timaya, Wizkid, 2face, P-Square, and many others, but today they have gained fame all over the world thanks to their amazing careers in the music industry.
Here is the top 10 list of the wealthiest Nigerian musicians and artists that are currently making waves in the music industry.
1. Wizkid – Richest Nigerian musicians
Networth of $20 Million
Wizkid is number 1 on our list of Nigeria’s top 10 wealthiest musicians & artists. The net worth of Wizkid is valued at $20 million US dollars.
Wizkid has secured several sponsorship deals with MTN Nigeria and GLO, in addition to singing ( which paid him N120 million to become its ambassador).
Wizkid also boosted his net worth when, with Pepsi and Guinness, he signed multi-million deals that brought him more money on the table.
Richest Nigerian musicians – The talented singer added more to his net worth in July 2019 after he announced a mega-deal signing as their brand ambassador for United Bank for Africa (UBA).
Ayodeji Ibrahim Balogun is a singer and songwriter, proudly known as Wizkid. At the age of 11, at a local church near his house, Wizkid started his musical career. He joined the local band called the Glorious Five back then.
In partnership with the group Glorious Five, Wizkid released an album at the age of 11.
Wizkid, during his struggling days, later met OJB Jezreel and he became his mentor. He then began to visit the studio of Jezreel, watching and learning from the recordings of artists such as 2 Face Idibia and Sound Sultan.
Wizkid joined Empire Mates Entertainment (E.M.E) in 2009 and launched his music industry career.
Wizkid, born in Surulere, Lagos on July 16, 1990, was the first Nigerian artist to be credited in the Guinness Book of World Records with the most played song on Spotify.
This is because of the song entitled “One Dance” he did with Drake.
He now owns Starboy Entertainment and, as the day goes by, has become growing stronger in the music business.
Wizkid happens to be the richest Nigerian artist with a net worth of $20 million, according to the 2020 Forbes list.
Wizkid’s car collections and houses
Wizkid has a ₦13 million mansion in Surulere, Lagos, and another one in Los Angeles. Wizkid’s car collection includes:
- Lamborghini Urus (₦80 million)
- Porsche Panamera (~₦50.8 million)
- Used Mercedes Benz G63 AMG (₦55 million – ₦65 million)
- BMW X6 crossover (₦8.7 million)
2. Davido – Richest Nigerian musicians
Networth of $19 Million
Richest Nigerian musicians – The second wealthiest musician and artist in Nigeria is David Adeleke, popularly known as Davido. The net worth of Davido is valued at $19 million US dollars.
Davido was born to the rich and affluent Nigerian family of Dr. Adedeji Adeleke, co-founder of Adeleke University in Osun State and CEO of Pacific Holdings Limited, in Atlanta, United States of America.
The net worth of Davido comes from music and sponsorship ventures such as the $78,296 MTN endorsement deal, Guinness Nigeria, and smartphone Infinix.
His YouTube channel, which has received over 663 million views since it was founded, is also positively influenced by Davido’s net worth and wealth. Richest Nigerian musicians
Richest Nigerian musicians – Davido released his first single, ‘Back When,’ featuring Naeto C before ‘Dami Duro’, which revealed Davido to the world, although the song did not trend much.
Davido launched ‘Dami Duro’ on Oct. 30, 2011. He co-produced the song, shot by Clarence in Lagos, with Shizzi.
In January 2012, the song Dami Duro arrived with an impressive video, and it became the talk of the city with regular media airplay.
On 17 July 2012, under the HKN Music Record Label, Davido released his debut studio album, Omo Baba Olowo (Child of a Wealthy Person). The song was just as good a song as it earned him more fans.
Since then, countless singles have been released that have given him fame, money, and international recognition.
Davido was OBO’s executive producer and collaborated with other manufacturers, including Jay Sleek, Spellz, Maleek Berry, and others. Famous musicians such as Sina Rambo, Ice Prince, Kay Turn, B-Red, 2 Face, and Naeto C. were featured.
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Davido’s cars and houses
Davido has two mansions in Lekki, Lagos, and a getaway mansion in Georgia, USA. Davido’s car collection is dazzling with:
- Rolls Royce Cullinan 2019 (~₦350 million)
- Bentley Bentayga (₦108 million)
- Bentley Continental GT (~₦95 million)
- Porsche Panamera Turbo S (~₦22.8 million)
- Range Rover Sports (₦84 million – ₦90 million)
- Range Rover SV Autobiography (₦98 million)
- Chevrolet Camaro GS (₦9.4 million)
- Audi R8 (₦23.4 million)
- Audi Q7 (₦12 million)
- Mercedes-AMG GLS63 (~₦45 million)
- Mercedes G-Wagon (~₦21 million)
- Toyota Land Cruiser (~₦30 million) several cars like a Porsche, Range Rover Sport and Chevrolet Camaro
3. Don Jazzy – Net worth of $18.5 million
Richest Nigerian musicians – The third richest Nigerian artist is Collins Michael Ajereh, known on the music scene as Don Jazzy. Don Jazzy is from the state of Umuahia in Abia, and was born on November 26, 1982.
It is estimated that the net worth of Don Jazzy is over $18 million. Don Jazzy is a creator of music, an entrepreneur as well as an artist.
Don Jazzy is renowned for making great music. With his relentless skill, his hard work easily included setting up sound business relationships for him both in Nigeria and across the border.
Don Jazzy began his music career collaborating with D’banj until they went their separate ways in 2012 to produce several hit tracks as a Mo’hits album. He then founded Mavin Records, a new record label.
Don Jazzy has successfully groomed and produced many stars, including Wande Coal, D’Prince, Tiwa Savage, Reekado Banks, and many more.
He also has profitable contracts with companies including MTN and Loya Milk, apart from singing and manufacturing.
As a top music producer, his career has brought him awards. Despite his age, Don Jazzy is not married; he focuses on making better music and raising more stars in the music industry in Nigeria. Richest Nigerian musicians
Don Jazzy’s houses and cars
Don Jazzy has 3 mansions, one at Lekki, one in Banana Island, Lagos, and another at Los Angeles, USA. He also rides exotic cars including:
- Porsche 911 Carrera (~₦42 million)
- Bentley Continental (~₦25 million)
- Cadillac Escalade (~₦27.2 million)
- Used Mercedes Benz E350 (~₦20 million)
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