Top 50 Richest Musician in Nigeria (2021 Latest Update)

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Are you searching for the richest musician in Nigeria or the top 50 richest musician in Nigeria? This is an updated complete guide covering the most richest musicians in Nigeria and what you should know about them.

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The Richest Musician in Nigeria – An Introduction

Without a doubt, we can say that Nigerian musicians have been doing well and their music is appreciated far and beyond.

It is also not a surprise that many of them are wealthy and have their names on the list of top 50 richest musician in Africa.

While some of these musicians depend solely on their music career, others venture into other businesses that yield them money.

This article highlights the Forbes top 50 richest Nigerian musician and what they do.

It is not a comparison of their songs or anything, but to let you know the richest musicians in Nigeria.

After all, we need to learn more about our artists.

Or don’t we?

Top 50 Richest Musicians in Nigeria and their Net Worth

Here are the top 50 richest musicians in Nigeria and their net worth.

1. P-Square

P-Square Net worth: $150 million

P-Square Richest musician, Net worth: $150 million

The duo of Peter and Paul Okoye was once the reigning sensation in Nigeria with their songs being major club bangers, and, sadly, they split up.

They are still in the music scene but now go by Mr. P and Rude Boy.

They have held the number one spot for the richest musician in Nigeria for years, and we await to see if anyone can take the spot from them.

Many people are still hoping that they come back together, and fingers are crossed about it.

Their songs are still evergreen whenever played, and they have many awards to their name.

Does P-Square have a Private Jet

News has it that the famous duo, Peter and Paul Okoye (P-Square) successfully acquired a private jet around 2017.

The private jet cost them millions of US dollars

2. Don Jazzy

Don Jazzy Networth: $95 million

Micheal Collins is the official name of Don Jazzy.

He is one of the most respected in the Nigerian music industry today, and he ensures to help groom many talents.

He has been around since 2004, with the now-defunct Mo Hits Group.

The group was once the bubbling sensation in the country, and they had many hit songs.

After the group broke up, Don Jazzy went on to establish his label, Mavin Records, in 2012.

He is still active in the musical scene and an ambassador for many brands.

During the 2020 pandemic, he took to learning forex trading, adding to the numerous things he does.

He is also known for his benevolent giving on social media. He is rated high amongst the top 5 richest musician in Nigeria and even considered as the richest Nigerian musician.

Is Don Jazzy an Igbo Man?

Is Don Jazzy an Igbo man is a popular question asked by many Nigerians.

Don Jazzy is from Isoko in Delta State, a state in the south-south geopolitical zone.

His mother is an Igbo princess from Abia state and his father is from the Isoko tribe.

He was born in Umuahia, Abia State.

3. Tuface

Tuface Networth: $22.5 million

It is wrong to have any list of richest Nigerian musicians without including Innocent Idibia, better known as Tuface or 2Baba.

He is a singer, songwriter, record producer, entrepreneur, philanthropist, humanitarian, and activist, who came into the limelight with his song African Queen.

He was once a part of the Plantashun Boiz group, but they split up later due to differences.

There are many hits to his name, and he is also known for having children from different women.

He got married to Annie Idibia in 2012, and we see that he is a loving father to all his children.

He is also one of the highly respected musicians in the industry.

What Tribe is Tuface Idibia?

Innocent (2 Face) Idibia was born in Jos, Nigeria.

He is from the Idoma ethnic group in the southern part of Benue State, in the north central zone in Nigeria.

4. Wizkid

Wizkid Networth: $20 million

Ayodeji Balogun has a grass to grace story that many people cannot help but love. Despite his background, he has grown to be amongst the best musician in Nigeria.

His rise to stardom started from being signed to the EME record label owned by Banky W, and his tunes warmed their way into the hearts of many.

Today, Wizkid is famous worldwide and has been a great influence on many people.

Asides from music, he is also the brand ambassador for many brands.

He is the owner of Starboy Entertainment which has birthed some fantastic talents.

The Star Boy has three children, and is known to take good care of them.

He has several collaborations with many national and international artists and most of his songs are successful.

Wizkid has one of the biggest fan bases in Nigeria and Africa and he is one of the youngest people on the list of top 10 richest musician in Nigeria.

If you are wondering, ‘how much is Wizkid money?’ you have your answer now.

Any list of top 50 Nigerian musicians won’t be complete if Wizzy is not on it.

Between Wizkid and Burna Boy who is the richest?

Between Wizkid and Burna Boy who is the richest is a popular question especially amongst fans of the two musicians.

From our list of Nigerian richest musician, it’s obvious that Wizkid is richer.

5. Davido

Davido Networth: $16 million

David Adeleke popularly known as Davido is a household favorite of many people worldwide.

He is also called Omo Baba Lowo being that he was born into affluence.

However, that has not stopped his hardworking zeal, and we see him regularly putting conscious efforts into his songs.

Although his love for music was not initially supported by his dad, that did not make him waive.

Today, he has many hit songs to his name, and they are major club bangers.

He is in charge of the Davido Music Worldwide (DMW) label, housing many budding artists, as well as a loving father to three children.

List Of All Members In DMW Record Label (30 Billion Gang) include;

  • Davido
  • Mayorkun
  • Dremo
  • King Ajaa
  • Liya
  • Yonda
  • Peruzzi
  • DJ Ecool
  • Ichaba
  • Lil Frosh
  • Deinde

Davido is among the world richest musician in Nigeria and is loved by many.

Does Davido have a private jet?

Yes. Davido has a private jet. His latest acquisition is a Bombadier Global Express 6000 which is reportedly worth over $62m.

6. D’Banj

D’Banj Networth: $15 million

D’Banj rich nigerian musician Networth: $15 million

Oladapo Daniel Oyebanjo coined his stage name Dbanj from his names Dapo and Banjo.

He is a singer, songwriter, rapper, and entrepreneur with awards to his name.

The love for music has been in him for a long time, and it started flourishing after he met Don Jazzy in the UK in 2001.

The duo came back to Nigeria in 2004, and Dbanj released his debut album in 2005 which got a warm reception.

He was a part of the now-defunct Mohits music group and is best known for his song Oliver Twist.

Although now married, he was once known as the ladies’ man.

He is one of the artists that come to mind when you’re considering who’s the richest musician in Nigeria.

7. Olamide

Olamide Networth: $12 million

We have to give great commendations to Olamide for consistency as his songs never fail to be a hit whenever he drops them.

He is amongst the musicians termed kings of the street, and we can trace this to the fact that he typically sings in the indigenous Yoruba language.

His bromance with Phyno is also outstanding, and people say they complement each other as Phyno sings in the Igbo language.

Olamide is the first Nigerian artist to sign a deal with Ciroc.

We can also not forget his beef with Don Jazzy during the Headies award.

richest musician in Nigeria
Olamide and Don Jazzy’s Beef (Courtesy Net News)

He is the owner of YBNL record.

He is considered when thinking of the top twenty richest musician in Nigeria.

8. Timaya

Timaya Net worth: $10 million

Timaya rich musician in Nigeria Net worth: $10 million

One can say that Timaya is a singer and songwriter who came into limelight with the release of Dem Mama in 2005.

It was from his debut album True Story, which highlights his life and struggles.

Although he is currently not overly active in the music scene, we see him dropping songs when you least expect.

He has awards to his name over the years, including winning the Headies Awards for Best Reggae/Dancehall Album in 2008 and 2009.

He also won the Headies Awards for best collaboration in 2009 and 2010.

His recent award was the Afrimma 2017 Dancehall Act of the Year.

9. Phyno

Phyno Net Worth: $10 million

Phyno rich musician in Nigeria; Net Worth: $10 million

He started his music career in 2003 as a producer, and infused rapping in 2010, He is known for rapping in the Igbo language, which explains his musical chemistry with Olamide who raps in Yoruba.

People say that you cannot slander him in the presence of an Igbo person, and this claim may be valid.

Phyno is also an actor as he featured in the movie Lion Heart in 2018.

He got the City People Entertainment Awards of Rap Artist of the Year in 2014, with his song Parcel winning the Headies Awards Best Rap Single in the same year.

10. Banky W

Banky W Networth: $9 million

The name Banky W was coined from his name Olubankole Wellington.

He is known for many things, including music, acting, and politics.

Since he is always active and lends a voice to trending issues, his political career in 2018 did not come as a surprise.

He started the EME record label in 2002 and relocated to Nigeria in 2009.

He has had different artists signed to the label, including worldwide sensation Wizkid.

The marriage of Banky W and Adesua Etomi in 2017 is one that got many people talking, especially after the duo starred in the movie The Wedding Party.

richest musician in Nigeria
Banky W and Adesua Etomi’s Wedding. (Courtesy Sisi Yemmie TV)

Banky W gathers cash from different channels so he is no one that comes to mind if you are considering the poorest musician in Nigeria 2020 or beyond.

11. Flavour

Flavour Net Worth: $7 million

Flavour rich musician in Nigeria; Net Worth: $7 million

If you are looking for a singer, songwriter and multi-instrumentalist, you can find it in Chinedu Okolie, popularly known as Flavour.

His career started as a drummer in church, and now he has made advancements that are the dream of many.

Flavour is a social media sensation for ladies on Instagram, as he usually posts mouthwatering pictures showcasing his abs.

He won the African Muzik Magazine Awards for Best Traditional Artist and Best Video of the Year in 2014.

His Ada Ada single also won City People Entertainment Awards Best Video of the Year in 2014.

He has many other awards to his name.

Flavour is well regarded in the eastern states of Nigeria and is amongst the richest Igbo musicians in Nigeria.

12. Reminisce

Reminisce Net Worth: $7 million

His name is Remilekun Abdulkalid Safaru, a singer, rapper, actor and songwriter, also known as Reminisce.

He is one of those who rap fluently in the Yoruba language and also infuses the English language into it.

His first time recording a song in a studio was in 2006.

He has many singles to his name and has also been on many features, with four albums to his name so far.

Although he does not drop songs always, he is respected in the music industry.

13. Patoranking

Patoranking Net Worth: $6.5 million

One cannot say that Patrick Nnaemeka Okorie had an easy life while growing up, but he has slowly made a name of himself and is a favorite of many people across nations.

His 2020 single, Abule is on the lips of many and a favorite of radio and TV stations to play.

Patoranking won the AFRIMA Best Dancehall Artiste of the year in 2016 and has had many other awards and nominations.

He is the richest reggae musician in Nigeria and most of his songs border around reggae and dancehall.

14. Tekno

Tekno Net Worth: $ 6 million

One would describe Tekno as a man of many talents as he is an exceptional singer, songwriter, producer, and dancer.

Born Augustine Miles, he started music from a young age as he was enrolled in a music school at the age of eight.

Thus, we can also say he is an instrumentalist as he learned how to play the piano and guitar there.

His first single titled Holiday was released in 2013.

He has been signed on different record labels but is currently signed to Universal Music Group Nigeria (UMGN), which happened in 2018.

He was also featured on Beyoncé’s The Lion King: The Gift soundtrack on the song Don’t Jealous Me in 2019.

Top Read: 21 Best Betting Sites in Nigeria; 2021 Guide (Fast Cashout, Big Odds, & Bonuses)

15. Dr. Sid

Dr. Sid Net Worth: $6 million

One can say that Sidney Esiri was born into the entertainment life as his mother was a fashion designer, and his father, the legendary actor; Justice Esiri.

Going by the stage name Dr. Sid, we see that he is a doctor, as he studied Dentistry and Dental Surgery.

His musical career started as far back as 1999, and he has been with different record labels.

He was also a part of the now-defunct Mohits group that had Don Jazzy and Dbanj.

Dr. Sid is currently signed to Mavin Records, and he has a vast number of businesses asides from music.

He is one of the musicians that are medical doctors and is on our list of 50 richest musician in Nigeria.

16. Iyanya

Iyanya Net Worth: $6 million

He was the first winner of Project Fame West Africa, and that began his rise to stardom.

His clash with Ubi Franklin is one that many are still trying to understand as both of them co-owned Made Men Music Group.

Iyanya has been with different record labels, and also featured in the Shuga TV series.

He has many singles, with his song Kukere being the Song of the Year and Best Pop Single at the Headies 2012.

17. Ice Prince

Ice Prince Net Worth: $5 million

Born Panshak Henri Zamani, Ice Prince is not someone who had a rosy life while growing up.

However, he was not one to give up and found a breakthrough later.

He had been into music for a long time, including joining his church choir and singing tenor.

Fame came for him after he won the Hennessy Artistry competition in 2009. 

After that, he dropped his debut album Everybody Loves Ice Prince in 2011, and indeed, everybody vibed to the album as it had hit singles including the likes of Oleku and Superstar.

He has many awards to his name, including the Ben TV Awards Best Male Hip Hop Artist in 2018.

Ice prince is one of the richest artists from the northern part of Nigeria.

He made it to our list of the most richest musician in Nigeria.

18. Tiwa Savage

Tiwa Savage Networth: $4.85 million

Tiwatope Savage has been into music from a young age, and we can say that she does not miss with her songs.

She relocated back to the UK at the age of 11 and started music five years later.

To date, Tiwa is still releasing tunes that are pleasing to the ear.

She was once married to Teebliz, who was her then manager, and they have a son named Jamal.

Sadly, the marriage hit the rock after 3 years.

Tiwa Savage often refers to herself as the number one African Bad Girl, and she also has been involved in her fair share of controversies.

She is one of the Nigerian female musicians with international affluence and is the richest female Nigerian musician.

So you have your answer to the question, ‘who is the female richest musician in Nigeria?’

19. Kcee

Kcee Net Worth: $4.5 million

Tracing the musical career of Kingsley Chinweike Okonkwo, also known as Kcee, we see that it started a long time ago.

When he came into limelight, he was known as KC Presh, which was the name of his former duo label.

After they parted ways, he joined the Five Star Music group.

Kcee is known for many things, including his affluential younger brother, E-money.

He is also known for his hit song Limpopo as people started calling him Kcee Limpopo.

The song won the Headies Awards Song of the Year in 2013, while Take Over won the Headies Awards Hip Hop Revelation of the year in 2014.

He is one of the richest artists from Igboland, a zone with several rich men and women.

20. Burna Boy

Burnaboy Networth: $4 million

Damini Ogulu aka Burna Boy has a way of always been in the news, either for his exceptional musical work or being involved in different controversies.

We cannot count the number of times Nigerians say they want to cancel or boycott him, but the feeling always vanishes once he drops a song.

He is currently dating Stefflon Don, and the relationship is also something that got many people talking.

He got a 2020 Grammy Award nomination for Best World Music Album and won the BET Awards Best International Act.

It has been a fantastic ride with Burna Boy since 2011.

He calls himself the African Giant and sure he’s on our list of the richest musician in Nigeria.

21. MI

MI Net Worth: $3.9 million

He is Jude Abaga, better known as Mr. Incredible (M.I). 

People hold MI in high esteem, saying he is one of the best rappers in Nigeria.

MI has had a love for music from his high school, but he officially began his musical career when he came back to Nigeria in 2003.

Most people do not know that MI almost ventured into comedy, but gave up that dream after no one laughed at his jokes during a show.

He has had his fair share of controversies, with the latest being his feud with vector.

MI has numerous awards to his name as well.

He is considered the richest hip-hop rapper in Nigeria.

22. Sound Sultan

Sound Sultan Net Worth: $3.5 million

He is a versatile entertainer as he is a rapper, singer-songwriter, actor, and comedian.

We do not get to see all sides of him always, but he always comes through effectively when the need arises.

He is Olanrewaju Fasasi and took an interest in music as far back as 1991.

He is currently a team owner of Lagos City Stars (the 2017 champions) and a facilitator of the league entertainment.

Some people describe him as a veteran in the industry.

23. Yemi Alade

Yemi Alade Net Worth: $3 million

She came into limelight with her hit single Johnny in 2014.

Since then, she has been releasing hits and has become an icon all over Africa.

Some people refer to her as Mama Africa, and it may be from the name of one of her albums.

She always finds how to infuse the African culture in her songs and videos.

She was once the winner of the peak talent show, paving her way to stardom.

Yemi Alade has been active both in the African and international scene and was a part of the judges for The Voice Nigeria.

She has many awards to her name and is one rich female Nigerian musician you just can’t stop listening to.

24. Chidinma Ekile

Chidinma Ekile Net Worth: $3 million

It was a thing of joy for many people when Chidinma won the Project Fame West Africa show in 2010, which paved the way to stardom for her.

She has many songs to her name, including Yanga in 2018.

However, people would always link her to Kedike, which was her first single.

She is a brand ambassador to many brands in addition to her musical career.

Her song Emi Ni Baller which featured Illbliss and Tha Suspect won Best Pop Extra Video for the Nigeria Music Video Awards (NMVA) in 2013.

One of her most significant accomplishments is winning the Kora Awards Best Female West African Act in 2012.

Chidinma is another rich female Nigeria artist that releases quality songs.

She is surely amongst the top 20 richest female musician in Nigeria.

25. Skales

Skales Net Worth: $2.6 million

He is Raoul John Njeng-Njeng but goes by the stage name Skales.

His stage name is an acronym for Seek Knowledge Acquire Large Entrepreneurial Skills.

He was signed to EME record in 2009 and left in 2014, establishing his label called OHK Music Entertainment.

There are so many singles and features to his name.

Skales will make it to any list of top 100 richest musician in Nigeria.

26. Asa

Asa Net Worth: $2 million

Bukola Elemide also known as Asa, is one of those singers whose tune can take you to another realm.

Although born in Paris, she is a Nigerian, and you can feel it through her songs.

She draws inspiration from many musicians, including Fela Kuti, King Sunny Ade, Marvin Gaye, Bob Marley, and much more.

People say that her songs serve as soul food, and it always passes a message.

The excellent Cohbams Asuquo produced her first music album.

She is best known for her songs Jailer and Fire on the Mountain.

She later released songs in 2019 when she dropped three amazing singles.

Asa is amongst the richest female musician in Nigeria and is in the top 5.

Related: Asa Biography, Net Worth, Songs, Albums, Age; All to Know

27. Runtown

Runtown Networth: $2 million

Although we cannot say that Runtown is always in the face of people, one can agree that people resonate with his sound, and his songs always get a good reception.

We do not know why he does not release songs regularly, but we are hopeful that it changes.

His song, titled Kini Issue, was released in 2020 during the pandemic.

Officially known as Douglas Jack Agu, Runtown never fails to lend a voice when it is necessary. he did so during the #endSARS protest.

In 2017, he won the Vodafone Ghana Music Awards African Artiste of the year.

He is the owner of Soundgod Music Group.

28. Falz

Falz Net Worth: $2 million

Folarin Falana, aka Falz, is a man of many talents.

Although a musician, he is also a lawyer and activist.

Falz is a singer, songwriter, and actor as well.

His parents are also human rights activists with his father being the respectable Femi Falana.

Music started as a hobby for him in 2009, but he has released so many tunes now that people cannot help but love.

Some of his songs address the political decadence in the society.

He has also starred in so many movies and series, including Jenifas Diary.

richest musician in Nigeria
Falz on set (Courtesy Scene One TV)

He has many awards to his name, is respected in the industry and is considered the richest musician that is a lawyer.

29. Kizz Daniel

Kizz Daniel Net Worth: $2 million

He is Oluwatobiloba Daniel, better known as Kizz Daniel.

One of his major controversies is the issue with his former record label G Worldwide Entertainment.

He was signed to them in 2013 but had issues that led to him changing his stage name from Kiss Daniel to Kizz Daniel.

He came into the limelight with his singles Woju and Laye and later did a remix of Woju with Davido and Tiwa Savage.

Since then, he has been releasing amazing tunes and says that he has no bad songs.

He was nominated for the Next Rated Headies Awards in 2015 but did not win.

However, he has numerous awards to his name.

30. Simi

Simi Net Worth: $2 million

Everyone would agree that Simi has a distinct voice as the softness and sensation in her tone would leave you hooked to her voice.

Simisola Ogunleye, now known Simisola Kosoko got married to Adekunle Gold after five years of dating, and they were able to keep it under the radar.

She is a graduate of Covenant University, and she came into the limelight after her Tiff single in 2014.

However, she dropped her debut album as a gospel singer in 2008.

She was signed to X3M music from 2014 to the expiration of her contract in 2019.

She has many awards to her name.

31. Timi Dakolo

Timi Dakolo Net Worth: $2 million

If we want to categorize Timi Dakolo, he falls under the category of those who sing soft songs for lovers, so it is not a surprise to see people having him on the list of musicians they want to perform during their wedding.

He came into the limelight after winning Idols West Africa in 2007 which earned him a recording contract with Sony BMG.

He is married to Busola Dakolo, and their marriage is blessed with three kids.

Timi Dakolo never fails to showcase his family as you would see pictures of them on his social media pages.

He also has different singles to his name.

32. Reekado Banks

Reekado Banks Net Worth: $2 million

His name is Ayoleyi Hanniel Solomon but goes by the stage name Reekado Banks.

He was signed to Mavin Records which brought him to the limelight in 2014 but left on amicable grounds in 2018.

Reekado Banks had always seen Don Jazzy as one of his role models, so it is no surprise that he was signed on to the label.

Reekado Banks has many singles and collaborations, and people agree that there is certain energy unique to songs by Reekado Banks.

He was the winner of the controversial Next Rated Awards for the Headies 2015.

Before that, he won Rookie of the Year at the Headies 2014 Awards.

33. Small Doctor

Small Doctor Net Worth: $2 million

Adekunle Temitope, also known as Small Doctor and other names, is a Nigerian Fuji, afro-pop recording artist and performer.

You will typically hear him singing in the Yoruba Language, with an infusion of the English language.

He kick-started his musical career in 2012, and one can say that people of the streets resonate with his sounds as we see in his awards.

He won the Street Music of the Year at the City People Entertainment Awards in 2017, and Best Street Hop Artiste at the Headies Awards 2018 to mention just a few.

Although he is not a full-time Fuji musician, he is considered amongst the richest fuji musicians.

34. Duncan Mighty

Duncan Mighty Net Worth: $1.8 million

He is a singer, instrumentalist, and producer from Rivers State and is considered the richest musician in Port harcourt.

One unique thing about Duncan Mighty is that he sings mostly in his indigenous Ikwerre language.

Thus, it is not out of line that some people refer to him as Port Harcourt’s first son as you can’t call names of Port harcourt musicians without calling him first.

His musical interest led him to study audio engineering, and his experience during his internship helped him to know more about music production.

In 2011, he won the Nigerian Entertainment Awards as Indigenous Artist of the Year.

He has been in some controversies concerning his marriage.

Duncan Mighty is into several businesses, so it is not always music for him recently.

He is amongst the richest musicians from Rivers State, an oil-producing state in Nigeria.

35. Mr Eazi

Mr Eazi Net Worth: $1.8 million

His real name is Oluwatosin Ajibade, but he goes by the stage name Mr. Eazi.

He is a singer, songwriter, and entrepreneur.

If you have heard the term Banku Music, know that Mr. Eazi is the pioneer.

According to him, it is an infusion of both Nigerian and Ghanaian sounds.

Although he had been into music for some time, fame came for Mr. Eazi after the release of his single Skin Tight in 2015.

He also released other singles that year, and they rocked different airwaves.

He launched emPawa Africa; a talent initiative in 2019 and is currently dating Temi Otedola.

36. Adekunle Gold

Adekunle Gold Net Worth: $1.8 million

It is almost impossible to find any Nigerian who does not love Adekunle Gold’s songs.

Recently, he had a good boy gone bad transition, but his songs are still exceptional.

AG Baby came into the limelight with his single Sade and was signed to YBNL records.

While with the label, he released other singles that were outstanding.

Back then, he was known as a lover boy, and his songs were played at weddings.

He is a brand ambassador for some brands and is married to the sensational singer, Simi.

Their marriage came as a surprise to many and was the talk of the country.

AG, as he is fondly called is amongst the celebrities that lent their voice to the #ENDSARS movement. The movement was a peaceful protest that called for the reform of SARS and other security agencies in Nigeria.

37. Lil Kesh

Lil Kesh Net Worth: $1.8 million

Born Keshinro Ololade, Lil Kesh is a singer, rapper, and songwriter.

His single, lyrically, brought him into the limelight as it got the attention of many people, including Olamide who signed him to YBNL.

He became a hit and blazing sensation, dropping tunes that got people dancing, including Shoki.

With how he made waves in 2014, it was expected that he would win the Headies Awards for Next Rated when he was nominated in 2015, and it caused a beef between Don Jazzy and Olamide when Lil Kesh did not win.

However, Shoki won the song of the year Nigerian Teen Choice Awards and City Peoples Entertainment Awards in 2015.

He left YBNL after the expiration of his contract and has his record label called Young and Getting It (YAGI).

He is one of the youngest richest musicians in Nigeria.

38. Mayorkun

Mayorkun Net Worth: $1.8 million

Many people refer to Mayorkun as the life of the party, and he has dropped many danceable tunes in 2020.

His full name is Adewale Mayowa Emmanuel, a singer, songwriter, and pianist.

Fondly called the Mayor of Lagos, fame found him in 2017 when Davido noticed one of his covers online.

Since then, he has been signed to the Davido Music Worldwide label.

Mayorkun has been bagging many awards, and we know he has more to come.

39. Wande Coal

Wande Coal Net Worth: $1.7 million

His real name is Oluwatobi Wande Ojosipe, but he prefers to go by the stage name Wande Coal.

He was also once a part of the Mohits Record, but now has his record label called Black Diamond Entertainment.

Before then, he had a short stint with Mavin Records.

He was the African Artiste of the Year at the Ghana Music Awards in 2010, and the Artist of the Year at the Hip Hop World Awards in the same year.

Wande Coal has a way of dropping songs that are always refreshing, and his latest tune titled Again was released in 2020.

40. 9ice

9ice Net Worth: $1.7 million

He has been in the Nigerian music industry for a long time, and many of the new musicians have him as their role model.

He fully came into the limelight in 2008 with his single, Gongo Aso.

To date, the song is evergreen when it is played.

The song has earned him numerous awards.

It may seem like he is not active in the scene any longer, but 9ice dropped an album recently titled Tip of The Iceberg: Episode 1.

41. Harrysong

Harrysong Net Worth: $1.6 million

Harrison Tare Okiri, also known as Harrysong, used to perform at nightclubs, but his breakthrough came when he met Kcee who introduced him to other top-ranking Nigerian musicians.

He started music at a younger age as a guitarist in the church.

People know him for his songs Reggae Blues which was in collaboration with other musicians, and his other song, Beta Pikin.

In 2015, he won the Sun Awards as Creative Person of the Year.

42. Ycee

Ycee Net Worth: $1.5 million

Oludemilade Martin Alejo, also known as Ycee, is a rapper, singer and songwriter.

He studied Marine Biology at the University of Lagos and started music as an underground rapper in 2012.

Fame came for him in 2015 after the release of Condo.

He won the Rookie of the Year Awards at the Headies 2016 and was the Best African Hip-hop Artist at AFRIMA 2017.

Many people say that he is lyrically sound, and we agree with this claim.

43. Niniola

Niniola Net Worth: $1.5 million

One thing that many people do not know is that she is Teni’s elder sister.

As opposed to her sister, Niniola is a girly girl and expressive during her performances.

Although she did not win, she was in the sixth edition of Project Fame West Africa in 2013.

She released her first single titled Ibadi the following year.

Niniola says her musical style is Afro-house, a blend of Afrobeat and house music; she has several awards to her name.

44. Orezi

Orezi Net Worth: $1.2 million

He started music in 2009 but rose to limelight in 2013 after the release of his song Rihanna.

In 2014, he went on to do the French version of the popular song Shoki to show his versatility.

He also has club bangers like You Garrit.

He won the Best Reggae Dancehall Artiste for Nigerian Music Video Awards in 2014, and Best New Act for UNILAG Awards in 2013.

45. Oritse Femi

Oritse Femi Net Worth: $850,000

He has been into music before 2006 but rose to stardom in 2010 after his remake of Fela’s Double Wahala.

Oritse Femi is a singer, songwriter and performer.

He won Indigenous Artist of the Year at the Nigeria Entertainment Awards in 2014, Most Popular Song of the Year (Double Wahala) at the City People Entertainment Awards in 2014, and Best Street-Hop Artiste at the Headies Awards 2014.

46. Korede Bello

Korede Bello  Net Worth: $800,000

His single Godwin was on the lips of many people in 2014, and it has stayed on for years.

This song passes as both a Christian and secular song as the message is vital.

In that same year, he was signed to Mavin Records and has been there since then.

He is an ambassador for the Nigerian Police Force and engaged in the Project Pink Blue Walk for Cancer awareness programme in 2015 and 2017.

Godwin won the Best Song of the Year at the 4th Annual Golden Icons Academy Movie Awards and was also the Best Pop Single at the Headies Awards 2015.

47. Sean Tizzle

Sean Tizzle Net Worth: $700,000

Although we cannot say that Sean Tizzle is currently one of the blazing sensations in the Nigerian music scene, he was one of the hottest back in the days and got many awards for it.

One can say that he takes his time to make music, and we see him dropping songs once in a while.

He was once signed to the record label Naija Ninjas, owned by Sound Sultan.

His full name is Morihanfen Oluwaseun Oluwabamidele, and he rose to the limelight in 2013 from his single Sholee.

He won the Headies Next Rated Awards in 2013 and Sholee was the Best New Music Video for the Nigerian Music Video Awards.

48. Praiz

Praiz Net Worth: $700,000

This artiste, Praiz, was the second-runner up during the first edition of Project Fame West Africa, and that was the start of the limelight for him.

We can say that he is a soul and R&B singer, assuring you that his songs will soothe your mind.

He is currently signed to X3M label, which once housed Simi.

He was the Best Pop/R&B Artist of the Year at the 2015 Nigeria Entertainment Awards.

49. Teni

Teni Net Worth: $600,000

It seems like she came out of the blues, but Teni has slowly become the favorite artist of many people, and it is safe to say that she is now a household name.

The popular star is a unique singer who always stands out in terms of dressings as she is a tomboy.

Teni strives to be outstanding in unconventional means, and she has been successful at it.

She is currently signed to Dr. Dolor Entertainment, and her first single was Amen in 2017.

Since then, she has been dropping back to back hit singles.

She won the Soundcity MVP Awards for Best Female MVP in 2020.

50. Dija

Dija Net Worth: $400,000

This artiste is a singer and songwriter who have been into music for a while, but stardom found her when she was signed to Mavin Records in 2014.

She is a reserved personality, but always vocal about specific issues.

The artiste got everyone talking when she posted a picture of her child, as many did not know that she was married.

She has many singles and last released one in 2019.

Frequently Asked Questions (FAQs) when it comes to Richest Musicians in Nigeria

When it comes to the richest musician in Nigeria, there are numerous FAQs fans ask.

Most of these questions are raised by fans of these artists looking to know if their best musician is richer than the other.

You see questions like, ‘Davido and Wizkid who is the richest?’ ‘The richest musician in Nigerian and their worth,’ and so many others.

Let’s review some of these questions.

Nigerian Richest Musicians FAQs

Burna Boy and Wizkid, Who is the Richest?

From our ranking, Wizkid is richer than Burna Boy with a networth of $20 million against Burna Boy’s net worth of $4 million.

Who is the richest Nigerian musician 2020?

The richest Nigerian musician 2020 is P-Square.

However, as the duo has been apart for a while now, we are expecting another artist to overtake them.

Who is the richest between Wizkid and Davido?

Our ranking points out that Wizkid is richer than Davido with a net worth of $20 million while Davido has a networth of $16 million.

Who is the youngest Nigerian musician in 2020?

REMA is the youngest professional musician in Nigeria being born in the year 2000 on the 1st of May.

He was 20 years as of 2020.

Who is the most famous Nigerian musician?

There are several Nigerian musicians that can be regarded as the most famous, especially in the international scene.

The famous artists include;

  • 2Baba
  • P-Square
  • Wizkid
  • Davido
  • Burna Boy
  • Asa
  • Tiwa Savage
  • Falz, and many others.

Who is the youngest female musician in Nigeria?

Amarachi Uyanne is the youngest female musician in Nigeria.

Amarachi is  a famous Nigerian kid dancer, recording artiste, singer and songwriter who also plays the violin.

She was born on 17th of July 2004.

How much is Davido worth in 2020?

Davido is worth about $16 million as of 2020 and his worth is fast increasing with the many endorsements and business deals coming his way.

Richest fuji musician in Nigeria

The richest Fuji musician in Nigeria is Yinka Ayefele and Sir Shina Peters who both have a net worth of about $1.4 million.

Wrapping Up on the Richest Musicians in Nigeria

Trying to generate this list of the top 50 richest musicians in Nigeria wasn’t an easy one because most of these artistes do not disclose their true worth.

There are numerous musicians in Nigeria and daily tons of upcoming artists join the list.

The question of who is the richest Nigerian musician always raises arguments between fans on and off social media.

This article is an honest try at putting that question to rest and covers the top 50 richest musicians in Nigeria.

Kindly note that this list is well researched based on the available information.

However, we cannot say this is a conclusive list of the richest artists in Nigeria.

Let’s face it, these musicians are making cash and losing cash even as you read this now.

One thing is sure; this richest Nigerian musicians list is based on factors like album sales, endorsement deals, side businesses, and so many other income generation avenues.

The list might not be 100% correct but it is a rough estimate and the closest anyone can get.

Let’s hear from you.

Who is your favorite amongst this richest musician in Nigeria and did their net worth estimate surprise you?

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