Net Worth Of The Top 10 Richest Artists In Nigeria – 2023

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Nigeria can boast of some of the most popular artists on the continent. Its also a very large pool of musicians and host of entertainers. Below is the net worth of the top ten richest musicians from Nigeria for the year 2023.



Born David Adedeji Adeleke in Atlanta – Georgia, in the United State Of America. Davido as we all know him by has had a successful career in music. Davido’s net worth is estimated to be $40 million. In addition to his music earnings, Davido has business ventures and endorsement deals that contribute to his overall wealth. Davido has several awards to his credit, including the MOBO Awards, the African Act of the Year Award, and many more.



Wizkid, one of Nigeria’s most internationally recognized musicians, has amassed considerable wealth through music sales, endorsements, and international collaborations. His net worth is estimated to be $30 million. Ayodeji Ibrahim Balogun, now known as Big Wiz was born on 16th July 1990. His musical career can be traced as far back as 2009 at Empire Mates Entertainment E.M.E. Records, which is owned by Banky W, where he recorded his debut album “Superstar” in 2011. In 2021, Wizkid won the award for Best Music Video at the 63rd Annual Grammy Awards as a lead artist on Beyoncé’s “Brown Skin Girl.”


Don Jazzy

Michael Collins Ajereh, known as Don Jazzy, was born on November 26, 1982. He is a Nigerian record producer, singer, songwriter, and entrepreneur. He co-founded the now-defunct record label Mo’Hits Records in 2004. Following the closure of the record label, Don Jazzy set up Mavin Records on May 8, 2012. Don Jazzy is estimated to have a net worth of $22 million, making him the third richest artist from Nigeria.

Burna Boy

Burna Boy’s global success in the music industry, coupled with Grammy recognition, has undoubtedly contributed to his financial standing. His net worth which clearly reflects his achievements is estimated at $17 million. Damini Ebunoluwa Ogulu, popularly known by the stage name Burna Boy was born on 2nd July 1991 in Port Harcourt, Rivers State, Nigeria. Burna Boy is a Nigerian singer, songwriter, rapper, and dancer. Burna Boy has risen to become one of the biggest and most successful African artists.


Oladapo Daniel Oyebanjo, better known by his stage name D’banj, is a Nigerian singer, rapper, and television personality. He is the founder of Mo’ Hits Records with producer Don Jazzy. D’Banj is estimated to have a net worth of $13 million. The Koko Master as he is also known gains most of his wealth from record labels endorsement deals and music.

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2Face Idibia/2baba

Innocent Ujah Idibiain, known by the stage name 2Face/2Baba was born on 18th September 1975 in Jos, Nigeria. He is a singer, songwriter, record producer, and entrepreneur. Before July 2014, he went by the stage name 2face Idibia. He is one of the most decorated and successful Afro-pop artists in Africa and is also one of the most bankable artists in Africa. He was awarded a fellow of the School of Music by the Music Department at Obafemi Awolowo University. He has an estimated net worth of $13 million.


Olamide, known for his consistent output of hits, has a diverse income stream from music, endorsements, and other business ventures. His net worth is $12.1 million. Olamide Adedeji Olamide was born in Bariga, Lagos State on the 15th of March, 1989. In 2010, Olamide released ‘Eni Duro’ under the Coded Tunes record label, which he was signed to at the time. The song received nationwide relevance and instantly shot Olamide into the limelight. In 2010, Olamide performed at The Hip Hop World Awards. He studied at the Tai Solarin University of Education.


Tiwa Savage

Tiwatope Omolara Savage, a trailblazer for female artists in Nigeria, has built a successful career. Her net worth is influenced by music sales, performances, and brand endorsements. She is clocking around $12 million as her estimated net worth. She usually goes by the stage name “Tiwa Savage“. She is sometimes referred to as the Queen of Afrobeats in Africa.



Chinedu Okoli, better known by his stage name Flavour N’abania or simply Flavour, is a Nigerian singer. He began his musical career as a drummer for a local church. Flavour is popularly known across Africa and the world for his hit song “Nwa Baby”. He is currently signed to 2nite Entertainment. He has a net worth of $11 million. The vast majority of his wealth comes from performances, endorsement deals, record labels and other businesses he has embarked on. Flavour is known to be involved in various philanthropic works, noticeable amongst them is the work he does with persons with eye problems.


Phyno, with his unique blend of Igbo rap and hip-hop, has gained significant recognition. His net worth is influenced by music sales, performances, and other ventures. He has a net worth of $11 million.

Chibuzo Nelson Azubuike, known professionally as Phyno, is a Nigerian rapper, singer, songwriter and record producer. Regarded as one of the most successful African rappers and influential African rappers of all time. He is a native of Anambra State, Phyno was born and raised in Enugu State. He was born on October 9, 1986.

It’s important to note that net worth figures are subject to change, and the financial success of musicians can be influenced by various factors, including investments, endorsements, and business ventures. For the most accurate and current information, it’s recommended to refer to the latest financial reports.

written by Felix Kwasi Annan

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