Nigeria’s music industry has evolved and really blossomed since the turn of the century. Unlike any other time in history, you’re going to see a teenager worth several billions of naira. The richest people in music industry include Afrobeat singers of international recognition as well as veteran music producers.
We’re well aware that private wealth fluctuates, and that unofficial ranking could prove difficult to estimate. So net worth of these 11 richest musicians are based on endorsement deals, streaming revenue, global tours, and business investments.
1. Burna Boy – Estimated at $50M – $125M
Burna Boy is unarguably the richest musician in Nigeria, and he easily ranks higher in chart of the wealthiest in Africa. His visibility is the highest, with multiple record international ticket sales and global partnerships with first-rate stars all over the world. He is worth at least $125 million.
2. Wizkid (Ayodeji Ibrahim Balogun) – Estimated at $65M – $100M
Wizkid worth between $65 million and $100 million, the 36-year-old star is one of the richest Nigerian musician today. His wealth comes mostly through multinational endorsements, massive streaming and super collaborations.
3. Don Jazzy (Michael Collins Ajereh) – Estimated at $30M – $70M
Don Jazzy is the richest Igbo man in music industry today. With estimated worth of $70 million, the Mavin Records boss having secured its place among the high-ranking celebrities. Don Jazzy is more into music production but he sings also.
4. P-Square (Peter and Paul Okoye) – Estimated at $25M – $27M
Legendary twin brothers Peter and Paul, who were popularly known as P-Square during their prime, have a combined net worth of approximately $27 million. Their money comes mostly from real estate holdings, from number of landmark Pan-African concert tours. They’ve since split, each man pursuing separate music career – a move which have significantly reduced their standing.
5. Olamide (Olamide Adedeji) – Estimated at $12M – $15M
Olamide first made his mark as a singer, featuring in several sensational chart-topping releases before he turned his attention to production. He is worth at least $15 million.
6. Kizz Daniel (Oluwatobiloba Daniel Anidugbe) – Estimated at $20M
Kizz Daniel is worth estimated $20 million, making him one of the youngest, richest musicians in Nigeria music industry today. Constantly releasing songs that are hits, Kizz Daniel is always on the move touring many continents across the globe.
7. Flavour (Chinedu Okoli) – Estimated at $5M – $14M
Flavour is one musician who is never tired of entertaining his fan base. With approximately $14 million, he is a proud, wealthy Igbo son. He makes his money through multiple endorsements and tours.