Top Ten Richest Musicians In Nigeria: Biography, Cars, And Net Worth

The Nigerian music industry is considered the biggest in Africa and is gaining a spotlight internationally as foreign collaborations are now becoming a norm. From the reign of Fela Kuti, the founder of Afro-beats to the present generation of singers, the light never seems to go off. Not only are the Naija stars rich in talent, but also in their pocket making it big with endorsement deals, song sales, social media posts, and concerts. Taking talents aside, we’d be looking at the top ten richest musicians in Nigeria, their age, assets, and significant achievements. 

Note: Dollar to naira rate here might not be stable and might no be accurate. 

10. Tiwa Savage (Top ten richest musicians in Nigeria)

Tiwatope Savage-Balogun, a songwriter and actress professional known as Tiwa Savage, is the richest female Nigerian artiste with a very successful career. The 41-year-old (5th Feb.1980) star is a mother of one and is married to Teebilz in a controversial union. Tiwa Savage’s music career in Nigeria kicked off in 2010 but before that has been a vocalist in London who has performed with top musicians such as Black Eyed Peas, 50 Cent, and Eminem starting at the young age of 16. With her return to Nigeria, Tiwa started gaining the spotlight despite criticism and has risen to become very influential to upcoming female acts. The Koroba crooner currently has a house in Lekki worth over $150,000 (N70,000,000) a Rolls Royce Phantom worth $400,000 (N150,000,000) a Bentley Bentayga worth $170,000 (N68,000,000), a customized Mercedes V-Class with a price tag of $80,000 (N35,000,000) with other exotic rides she regardlessly gifts herself. Tiwa Savage is currently estimated to be worth $9 million (N4 billion naira).

9. Timaya (Top ten richest musicians in Nigeria)

One of the big sensations in early Nigerian music, Inetim Alfred Odon was born on 15th August 1980, an age-mate of Tiwa Savage. Timaya who is from Bayelsa state but was born and brought up in Port Harcourt had a great passion for music over education that led him to pursue his dreams. A runaway in childhood, Timaya wouldn’t stop getting in trouble with his parents. He recalled living wild on the streets, making several kinds of music at studios, and was a big fan of entertainment. With the release of Dem Mama, Timaya became popular and is currently living large with two houses located in Lekki and Port Harcourt respectively with a total worth of 1.5 million dollars (N600 million naira). In his garage lies a Bentley Continental worth $210,000 (N91,000,000) a Mercedes Benz G55 AMG worth $140,000 (N55,000,000) two Range Rover sports with a total value of $75,000 (N30,000,000), Porsche 911 with a price tag of $97,000 (N42,000,000) including a Lexus SUV and a Mercedes GLE. Timaya is estimated to be worth $11 million (N5 billion naira).

8. Rude Boy (Top ten richest musicians in Nigeria)

Once Psquare, the musical duo made up of twin brothers Rudeboy and Mr.P whose real are Paul Okoye and Peter Okoye saw their end in 2017 where they parted in an unclear misunderstanding. This didn’t end their musical career as they continued in their respective names. Born in 1981 with his twin, Rudeboy after their breakup appears to have overtaken his brother both in career and wealth has definitely gained his ground. The Fire Department Inc. record label boss has a very large and exotic building in Parkview Estate, Ikoyi Lagos. A fan of sports cars, Rudeboy has a Lamborghini Aventador and a Lamborghini Huracan both with a total worth of $600,000 (N270,000,000). In addition to the list is a Bentley Bentayga worth $170,000 (N68,000,000), Benz S-Class Coupe worth $130,000 (N55,000,000) a Jeep Wrangler, Range Rover, and a BMW X6. Rudeboy is estimated to be worth $12 million (N5.5 billion naira).

7. Phyno (Top ten richest musicians in Nigeria)

Chibuzo Azubuike professionally known as Phyno is famously known for rapping in his indigenous language. The Igbo rapper born in 1986, studied in a technology University at Enugu before traveling to Lagos to promote his career. It was during his university days that his name “Phyno” was birthed from the word “phenomenal” which his friend referred to him as. From a Headies Award song “Ghost Mode” in collaboration with Olamide to ” Fada Fada”, phyno has never stopped making Igbo hit songs. With the level Phyno has attained in the music industry, endorsement deals with several big companies like Nairabet, Airtel, and Nigerian breweries have never stopped coming in. The Penthouse record label boss has emerged as the richest Igbo rapper and looking at his car fleets, it would be hard to counter this fact. Phyno has a Bentley Continental GT with a price tag of $250,000 (N105,000,000), the popular Rolls-Royce phantom worth $400,000 (N150,000,000), Range Rover which values at about $40,000 (N18,000,000), and a Toyota Avalon. Phyno is estimated to be worth around $12 million (N5.5 billion).

6. Olamide (Top ten richest musicians in Nigeria)

Olamide, a popular Yoruba rapper known as baddo was born in 1989 in Barriga, Lagos State. After ten years of pushing his career after kicking off in 2000, Olamide got his spotlight after being signed in a record label called Coded iTunes where he released the single hit song “Eni Duro”. Olamide’s fame rose simultaneously with Phyno’s, and they both formed a very strong bond which is seen in their numerous music collaborations. With his fast-rising fame, Olamide formed his own record label, the popular YBNL which has produced great musicians like Lil Kesh, Fireboy DML, Naira Marley, and many prominent musicians of today. Olamide has a mansion worth $90k (N40,000,000) and other land properties and investments around Lagos. His cars include a Lamborghini Aventador worth about $450,000 (N218,000), a Range Rover Sports with a value of $40,000 (N15,000,000) a Mercedes Benz G-Class estimated to be $65,000 (N25,000,000), a Rolls Royce Phantom price tagged at $400,000, (N150,000,000), and a Toyota Camry. Olamide’s net worth I estimated to be around $14 million (N6.5 billion).

5. 2Baba (Top ten richest musicians in Nigeria)

Old in the game, 2baba has been on the very few 90s artist who hasn’t fallen off the hook. 2baba initially known as 2face was born and brought up in Jos Nigeria where he grew up and studied. After his interest in music grew, 2baba travel to Lagos to fulfill the “Lagos dream”. He formed a band group with Blackface, and Faze called Plantashun Bois which letter broke up in 2004 in his pursuit for a solo career. 2baba made a name for himself nationally and internationally when he released the popular album Face 2 Face that which had the hit song “African Queen”. Following his consistency in the music industry, 2baba’s pocket was consistent too, bringing him to the 5th on this list. He’s known to have a house in Banana Island, Benue, and the United States. Although not much outspoken on what he’s got, 2baba has a Ferrari worth $115,000 (N50,000,000), a Bentley with a price tag of $150,000 (N68,000), a Mercedes Benz G-Class worth $65,000 (N25,000,000), and a Range Rover Sports with a value of $70,000 (N32,000,000). 2baba is estimated to be worth around $16 million (N7.4 billion).

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4. Burna Boy (Top ten richest musicians in Nigeria)

The Grammy Awardee singer Damini Ogulu popularly known as Burna Boy was born in 1991 in Rivers State. He studied Media Communication and Structure at Oxford Brooke’s University in the United Kingdom. Burna Boy’s music aspiration took a great turn when he was signed into “Aristocrat Records”, where he released his first single hit “Like To Party” and gained the spotlight in 2012. According to Burna Boy, his music style is being influenced and inspired by Fela Kuti, Nigeria’s legendary Afro beats king. Burna Boy proved his worth to the Nigerian music industry after he bagged the Grammy Award with his album “Twice As Tall”. With the amount of success he has attained, Burna is now the owner of several luxurious cars including a Bentley Continental GT worth $250,000 (N105,000,000), a Range Rover Sports worth $70,000 (N32,000,000), a Ferrari 458 Italia with a price tag of $150,000 (N65,000,000), a G-wagon valued at $130,000 (N60,000,000), a red Rolls-Royce Dawn convertible with a value of $320,000 (N140,000,000), and a Mercedes S-Class worth $95,000 (N42,000,000). Burna Boy is estimated to be worth $17 million (N8 billion). 

3. Don Jazzy (Top ten richest musicians in Nigeria)

Don Jazzy, the popular Marvin Record boss was born in 1982 in Umuahia, raised in Lagos, but hails from Delta State. Collins Ajereh (His real name) just like every musician developed a passion for music at a tender age. After his uncle brought him over to London to play drums after he noticed his young banding skills, Don Jazzy had the opportunity to get the soft landing he needed for his career. After his humble beginnings paid off, Don Jazzy formed the Mo’hits record label in 2004 with D’banj and Marvin Records in 2012 after Mo’hits dissolved. Now, he is one of the most successful record label boss, and singer while his entrepreneurial mindset has kept him on the Naija’s richest for many years. Don Jazzy’s fleets include a Cadillac Escalade worth $80,000 (N33,000,000), a Bentley Continental Flying Spur worth $215,000 (N96,000,000), a Range Rover Sports price tagged at $70,000 (N32,000,000), a Porsche 911 Carrera valued at $110,000 (N49,000,000), and a G-wagon. Don Jazzy is estimated to be around $18 million (N8.5 billion).

2. Davido (Top ten richest musicians in Nigeria)

Davido, the stage name of popular rich artist David Adedeji Adeleke was born into the wealthy family of the Adelekes in 1992. He started his education in Lagos, then to the US, and then back to Nigeria where he finished off at Babcock. Davido kicked off with the hit single “Back When” which he followed up with “Dami Duro”. These hit songs ushered him fully into the music industry and with time, Davido found his way into music’s hall of fame. Without much stress, Davido climbed among the richest artist in Nigeria and had not only gained fame with music, but with his extravagant spending and show-offs. His automobile list seems endless but we’d be mentioning the best of his fleets. He has a Bentley Bentayga worth $170,000 (N68,000,000), a Rolls Royce Culligan worth $280,000 (N122,000,000), a Lamborghini Huracan valued at $250,000 (N115,000,000), a Porsche Panamera with a price tag of $88,000 (N39,000,000), a sprinter bus, and several exotic rides. Davido’s net worth is estimated to be $21 million (N9 billion).

1. Wizkid (Top ten richest musicians in Nigeria)

Now, making it to the top of the list is Wizkid, born in 1990 in Surulere, Lagos. Ayodeji Ibrahim Balogun (Wizkid’s real name) studied and was brought up in Nigeria, Lagos precisely. His little beginning counts forming a singing group called “Glorious Five” together with his friends from church. With a great level of talent display, Wizkid was able to get the attention of Empire Mates Entertainment, a record label where he got signed and went on to release hit single, “Holla at Your Boy”. Wizkid was able to use this song to win Headies’ Next Rated which sealed his upcoming career as the next “big thing”. Truly, he is now one of the greatest talents Nigeria has ever seen as his diehard fans who refer to themselves as “Wizkid FC” seems to grow every day. Currently the richest musician in Nigeria, Wizkid has a house in Lekki, Los Angeles, Surulere, and probably in Ghana (following his relocation). His cars include Mercedes Benz G63 AMG worth $135,000 (N62,000,000), BMW X6 price tagged at $70,000 (N28,000,000), Bentley Continental GT worth $250,000 (N105,000,000), with several other exotic cars. Wizkid is estimated to be worth $24 million (N10.5 billion). 

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