Richest Nigerian Musicians and their Net Worth in 2024 (Top 10)

This page contains information about the top 10 Richest Nigerian Musicians and their estimated Net worth in Naira and Dollars in 2024 via Afrokonnect. In this article I will give you a guide on some of the major ways this musicians earn their income and outline their Net Worth.

Recently, there has being an increase in the income of some of our favourite Nigerian musicians. So, in this list is an estimation that comes from compilation of all endorsements deals, Streaming royalties, performance fee and Investments,

Note: Performance fee and endorsements deals is by far their most lucrative source of income, So enough of the long talks, let us dive into the main topic.

10. Banky W Net Worth in 2024

On the 10th spot we have Olubankole Wellington, He was born on March 27, 1981, in Lagos, Nigeria. “Banks W” is the stage name of Olubankole Wellington, a Nigerian musician, actor, and film director.

Banks W began his music career in 2002 as a member of the music group “Defunct EME”. He later went solo and has released several albums including “R&BW” and “The W Experience”.

He is known for his unique blend of R&B, hip-hop, and Afrobeats music. Apart from his music career, Banks W has also acted in a few Nollywood movies including “The Wedding Party” and its sequel “The Wedding Party 2”.

He has also directed a few films such as “The Wedding Party” and “Sugar Rush”. Banks W is a well-known figure in the Nigerian entertainment industry and has won several awards for his music and acting,

Including the MTV Africa Music Award for Best R&B in 2013 and the Best Actor in a Leading Role award at the Africa Magic Viewers Choice Awards in 2017. Mr Olubankole Wellington is running in multimillion contracts for giants brands like Samsung, Uber among others.

Studio albums

  • Back in the Building (2006)
  • Mr. Capable (2008)
  • The W Experience (2009)
  • R&BW (2013)
  • Songs about you (2017)
  • The bank Statement (2021)

Banky W has an estimated net worth of $9 million which equals over 3,720,150,000 Nigerian Naira.

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9. Flavour N’abania Net Worth in 2024

Flavour N’abania, popularly known as Flavour, is a Nigerian singer, songwriter, and multi-instrumentalist. He was born on November 23, 1983, in Enugu State, Nigeria.

Flavour’s music style is a mix of highlife, hip hop, and contemporary R&B. He started his music career as a drummer for a local church in Enugu State. He later became a backup singer for popular Nigerian artists before releasing his debut album “N’abania” in 2005.

Since then, Flavour has released several other albums including “Uplifted,” “Blessed,” “Thankful,” and “Ijele the Traveler.” He is known for his hit songs like “Nwa Baby (Ashawo Remix)”, “Ada Ada,” and “Golibe”.

Apart from his music career, Flavour has also acted in a few Nollywood movies and has been a judge on the Nigerian music talent show, “The Voice Nigeria”. He has won several awards for his music including the Best Video of the Year and Best Indigenous Artist/Group at the Nigeria Music Video Awards.

The highlife singer is one of the biggest singers from the eastern part of Nigeria. Flavour is one of the most busiest performers in the country with high service charge. With multiple endorsements and huge corporations within and outside the country i.e Bullet Energy Drink, Life Lager beer and many more.

Mr Flavour is currently one of the richest and the most influential artists in Nigerian. Flavour N’abania has an estimated net worth of $10.2 million which equals over 4,216,170,000 Nigerian Naira.

8. Timaya Net Worth – Richest Nigerian Musicians in 2024

Richest Nigerian Musicians | Timaya Net Worth
Timaya – via Afrokonnect

Enitimi Alfred Odom popularly known as Timaya takes the number 8th spot of our top 10 richest Nigerian Musicians. Timaya has being in the industry since 2005 and it’s no surprise that the plantain boy is on the list.

Did you know that Timaya is reportedly taking home around N8 million as performance fee, He is also the founder of Dem Mama records, home to Nigerian Singer King Perryy. And, he has a multimillion contract running with Nigeria’s leading telecommunications company ‘Glo’ and Cognac brand Hennessy, 

In 2011 Timaya was appointed a peace ambassador by Interreligious and International Federation for World Peace.

Cars

Timaya is obviously a lover of luxury cars and cloths, no wonder he made it to our list of best dressed male Nigerian celebrities, here are some of the cars owned by Timaya:

  • 2019 Rolls Royce Cullinan
  • Mercedes Benz G55 AMG
  • Porsche 911 Carrera
  • Mercedes Benz Maybach (2018 Edition)
  • Bentley Continental GT
  • Range Rover Sport

Houses

Timaya owns a house in Port Harcourt that is said to worth about N100 Million Naira. Currently, Timaya has an estimated net worth of $10.5 Million Dollars which equals over 4,340,175,000 Nigerian Naira.

Richest Nigerian Musicians in 2024

Before we proceed, here are 8 Lucrative Business Ideas for Music lovers and Musicians.

7. D’Banj Net worth in Dollars and Naira

Richest Nigerian Musicians | D banj Net worth
D’Banj – Via Afrokonnect

Oladapo Daniel Oyebanjo popularly known as D’banj or the Koko master. D’banj is an amazing Performer and arguably one of the best out of Nigeria. Aside the Lucrative performance fee D’banj takes home,

He is also the owner and CEO of CREAM PLATFORM, a company that was valued and estimated by an American firm to be around a $100,000,000. Today D’banj is known to be a serious business mogul.

Aside Music, he has series of endorsements running with Ciroc, beats by Dre And so many other major brands. Notably, D’Banj is vastly immersed in the information technology.

Particularly in the areas of value-added services and Content digital distribution. For the records, D’Banj also owns MCOMM Ltd (Median Mobile Communications Limited) a Value Added Service Content Provider,

He owns D’Kings Men Media Limited (a 360 Media Company), which are responsible for his major digital moves in recent times. On records, D’Banj has an estimated Net Worth of $15 million which equals over 6,200,250,000 Nigerian Naira.

6. Olamide Net worth in 2024

When it comes to popularity, Olamide ranks among the most popular celebrities in the country. He has featured in so many songs with other hip-hop and Afro/highlife artistes.

Apart from the success recorded in his music sales, Olamide is a business man who has made his wealth through investments and endorsement deals. He is also the founder and CEO of YBNL, one of the best record labels in the country.

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Olamide has several multi-million naira endorsements contracts with top brands like Guinness, Monster drink, Glo and Etisalat. Recently, Sterling bank made him a brand ambassador for an undisclosed fee. We have written about Olamide net Worth, his YBNL Deal with empire and More. I recommend you read it too.

5. Burna Boy net worth in 2024

Odogwu A.k.a Burna boy is an entertainer who enjoyed much of his success in and out of the Nigerian music industry. His real name is Damini Ebunoluwa Ogulu and he is a Nigerian singer and songwriter.

He became popular in 2012 after releasing “Like to Party”, the lead single from his debut studio album L.I.F.E (2013), in 2017, Burna Boy signed with music label Bad Habit/Atlantic Records in the United States and Warner Music Group internationally.

More so, it was his third studio album Outside (2018) that marked his major-label debut. Burna boy is also an award winning Nigerian artiste, in 2020, he won Best International Act at the 2020 BET Awards.

We know that Burna Boy is among the richest entertainers in the country, his songs are popular with record sales not only within the country but internationally. Presently, Burna boy has many endorsement deals, one with STAR beer, which worth millions of Naira. He has other investments, cars and even landed properties.

Cars

Burna boy has the following fleet of cars;

  • Range Rover autobiography
  • Ferrari 458 Italia
  • Rolls-Royce Dawn Convertible
  • Bentley Continental GT
  • G Wagon
  • Mercedes-Benz S-Class

I have written about Burna boy Net Worth, Biography and Everything you need to know about the singer, you can check it out to find out about the Odogwu’s current Net Worth.

Richest Nigerian Musicians in 2024

4. 2face Idibia Net worth – Tuface or 2baba

Richest Nigerian Musicians | Tuface, 2face Net Worth, Daughter
2face and Daughter – via Afrokonnect

2Baba, formerly known as 2Face Idibia, is a Nigerian singer, songwriter, and record producer. He was born on September 18, 1975, in Jos, Plateau State, Nigeria.

2Baba started his music career in the mid-1990s as a member of the Nigerian hip hop group, Plantashun Boiz. The group released several hit songs before they disbanded in 2004.

2Baba then went solo and released his debut album “Face 2 Face” in 2004, which became a massive success in Nigeria and beyond. Since then, he has released several other albums including “Grass 2 Grace,” “The Unstoppable,” and “Ascension”.

2Baba is known for his hit songs like “African Queen,” “True Love,” and “Implication”. Apart from his music career, 2Baba is also known for his philanthropic activities. He has established the 2Baba Foundation, which supports education, health, and poverty alleviation in Nigeria.

He has won several awards for his music, including MTV Europe Music Award for Best African Act in 2005 and several awards at the Nigerian Entertainment Awards. Innocent Ujah Idibia Popularly known as 2face or 2baba is one of the most decorated Nigerian Musicians,

Financially he’s being able to secure the bag over the years and not make noise about it, this list has 2face occupying the 4th spot of our top 10 richest Nigerian Musicians. Over time 2face has successfully stayed relevant in the industry for more than 20 years, he runs an endorsement deal with top brands like Glo and Campari.

Incase you don’t know, 2face is a real estate investor, a liquified business owner and a consistent hit maker, also, 2face is also a philanthropist, with his foundation 2Face Idibia Reach-Out Foundation helping the needy all over the country,

Most especially his home town Otukpo in Benue state, Nigeria. 2face Idibia or 2baba as he’s fondly called by fans has an estimated net worth of $18 million dollars which equals over 7,440,300,000 Nigerian Naira.

3. Don Jazzy Net Worth in 2024

Michael Collins Ajereh Net worth
Don Jazzy – via AfroKonnect

Micheal Collins Ajereh better known as Don Jazzy is a record producer, Singer and an entrepreneur, it’s no doubt that Don jazzy seats at the 3rd spot of the top 10 richest Nigerian Musicians.

Jazzy is the owner of arguably one of the biggest record labels in Africa (Mavin Records), Mavin record recently received an offer that is reportedly to be in millions of dollars from Kupanda Holdings to help expand the label to Mavin global.

Due to his widespread influence on the youth population of Nigeria, the music producer turned music artiste has caught the eyes of top brands in Nigeria and outside the country. For example, Betway named him an Ambassador and consequently featured him in commercial campaigns promoting the company’s betting offers like the Betway bonus for new customers.

Additionally, Scotch Whisky, Johnnie Walker have endorsed the music producer as one of its ambassador, Jazzy is into serious business aside music and also owns a recording studio, to find out Don Jazzy’s Current Net Worth check out our previous article about Don Jazzy Net Worth, Biography and Career as a Music Producer.

2. Wizkid Net Worth In Naira and Dollars in 2024 | Richest Nigerian Musician

Ayodeji Ibrahim Balogun professionally known as Wizkid or Starboy. Wizkid occupies the number two spot of our top 10 richest Nigerian Musicians, he was reportedly to have been paid $681,200 to perform in India at a Royal wedding in Umaid Bhawan Palace.

The Star boy collaborated with Nike for his Starboy merchandise and he sold out the store twice. Wizkid was paid to model for Dolce & Gabbana in Italy and Moschin. He is currently on an endorsement deal with popular Vodka brand Ciroc with his customized Starboy Ciroc bottles also available.

Wizkid sold out 20,000 capacity O2 Arena in London for his Afro Republik concert twice in a row, and, again he sold it 3 times in a row in 2021. According to Forbes, Wizkid has an estimated Net Worth of $35 million which equals over 14,382,900,000 Nigerian Naira making him one of the richest Nigerian celebrities. 

SEE ALSO – Naomi Campbell Net Worth, Modeling Career stats

1. Davido Net worth | Richest Nigerian Musicians in 2024

Davido net Worth
Davido – Via Afrokonnect

David Adedeji Adeleke popularly known as Davido or OBO is currently one of the biggest names in the country and beyond. Davido has endorsements deals with top notch brands ranging from popular telecommunications company ‘MTN’.

Also Davido sings an endorsement deal with Hong Kong based smartphone manufacturers Infinix. A deal with AXE perfume, Travelbeta and so many other big cuts deals which was reportedly to be a lucrative one puts Davido at the 2nd spot of our top 10 richest Nigerian Musicians.

Davido is the owner of Dmw record, His song IF became the first African song to hit 100,000,000 views on YouTube. The song also made it toBillboard R&B/Hip-Hop Airplay Charts.

Davido Net worth in 2024

According to Forbes, Davido’s net Worth is estimated to be over $35 Million  “Check Davido’s current Net worth”.

Watch the Richest Nigerian Musicians

Above is a video about the richest musicians in Nigeria from a different perspective, we hope you enjoyed it.

Conclusion on the Wealthiest Musicians in Nigeria

In conclusion, delving into the financial landscapes of Nigeria’s music industry and exploring the net worth of its top musicians has provided a fascinating glimpse into the immense success and wealth within this dynamic field.

The journey through the top 10 richest Nigerian musicians and their estimated net worth in both Naira and Dollars underscores the undeniable impact of their artistry, business acumen, and market appeal.

These musicians have not only elevated the status of Nigerian music on the global stage but have also significantly contributed to the country’s cultural identity. Their entrepreneurial spirit, coupled with their musical talents, has propelled them to financial heights that were once considered unprecedented.

As we marvel at the staggering figures associated with these artists, it’s crucial to recognize the broader implications of their success. Beyond personal wealth, these musicians serve as inspirations for aspiring artists, demonstrating that the fusion of talent, hard work, and strategic investments can yield remarkable financial rewards.

Furthermore, the financial achievements of these musicians contribute to the growth of the entertainment industry, creating economic opportunities, and fostering a vibrant ecosystem that benefits not only the artists themselves but also the numerous professionals involved in the music business.

In celebrating the top 10 richest Nigerian musicians, let us acknowledge the transformative power of music as a cultural force and economic driver. The success stories of these artists reflect the potential for prosperity and global recognition within the Nigerian music scene, inspiring a new generation of talents to pursue their dreams with vigor and determination. As the industry continues to evolve, the financial achievements of these musicians stand as a testament to the limitless possibilities that abound in the world of Nigerian music.

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