Top 10 Richest Musicians in Nigeria & Net Worth (2022)


People Always Say Music as a Profession is indigent, I must say that it’s not wholesomely true today; As a matter of fact, there are thousands of musicians that are making millions and millions of dollars on weekly basis. If you don’t agree with me now, I am sure after you read this article, you’ll know the reasons I said so and how they make their money.

Well, today I will be making a ranking of the top richest musicians in Nigeria this 2022. To make this more fun, I will not only be making a list but I’ll also give their full details like; Age, State of Origin, Net Worth, School attended, and other details.

Thus, if you really want to know the Top Richest Musicians in Nigeria, I enjoin you to read this full article because it contains the most recent reliable information about the list of the richest musicians in Nigeria.


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Top 10 Richest Musicians In Nigeria And Their Net Worth

Below are the recent full details about the richest musicians we have in Nigeria this 2022.

  1. Wizkid – N 9.8 Billion 
  2. Davido – N 9.2 Billion 
  3. Don Jazzy – N 8.7 Billion
  4. Dbanj – N 6.2 Billion
  5. 2face Idibia (2Baba) – N 6 Billion
  6. Flavour – N 5.9 Billion 
  7. Timaya – N 5.8 Billion 
  8. Banky W – N 5  Billion 
  9. Olamide Badoo – N 3.8 Billion 
  10. Phyno – N 1.5 Billion

Yeah!, Am sure you won’t want to stop here, If you want more details about these Nigerian Musicians, I enjoin you to continue reading as I will give more comprehensive details about them singly.

Wizkid – N 9.8 Billion

Background information
Birth name Ayodeji Ibrahim Balogun
Net Worth  N 9.8 Billion
Born 16 July 1990 (age 29)
Surulere, Lagos, Lagos State, Nigeria
  • Singer
  • songwriter
Years active 2001 Till Date
  • Starboy
  • RCA
  • Sony

Ayodeji Ibrahim Balogun is Popularly Known as Wizkid was born on the 16th of July 1990. He was born and grew up in Surulere, Lagos, A residential area in Lagos State in a household of twelve female siblings, it was also known that his father had three wives, in light of this, The father practices Islam.


Wizkid is a Nigerian Songwriter and Singer. He started recording music at exactly the age of 11 and managed to release a collaborative album with the Glorious Five, a group formed by him and his church colleagues. His first hit was in 2010 with the release of the song “Holla at Your Boy” from his debut studio album, Superstar (2011). “Tease Me/Bad Guys”, “Don’t Dull”, “Love My Baby”, “Pakurumo” and “Oluwa Lo Ni” were also released as singles from the Superstar album. In February 2014, Wizkid was known to be the first-ever Nigerian musician to have over 1 million Twitter followers. He’s Currently known to Worth at exactly $9.8 million.

With this explicit details about Wizkid, you would agree with me that he is the Top Richest Nigerian Musician and That’s why he takes the Number 1 of our list of the Top 20 Richest Musicians in Nigeria this 2021.


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Davido N 9.2 Billion

Background information
Birth name David Adedeji Adeleke
Born November 21, 1992 (age 26)
Atlanta, Georgia, U.S
Net Worth  N 9.2 Billion
  • Singer
  • songwriter
  • record producer
Years active 2010–present
  • Sony
  • RCA
  • DMW

David Adeleke is easily one of the richest musicians in Nigeria and Africa, Even after the argument of he using the influence of his father. The DMW boss a big name In African entertainment and his bank account sure supports the fact.

The past year has been exciting for the singer has he bagged several international awards, performed on international stages while selling out shows around the world.

His song ‘Fall’ became the first African music video to hit 100,000,000 views on YouTube. The song also made it to Billboard R&B/Hip-Hop Airplay Charts.

He has endorsement deals with Infinix Mobility, AXE perfume, Travelbeta, etc. Davido’s estimated net worth is put at about 9.2 billion Naira.

With this, Davido has proven to be the Second on our list of the Richest Musicians In Nigeria This year. 

Don Jazzy – N 8.7 Billion

Don jazzy
Background information
Birth name Michael Collins Ajereh
Born November 26, 1982 (age 36)
Umuahia, Abia State, Nigeria
Net Worth  N 8.7 Billion
Occupation(s) Record producer, singer, songwriter, entrepreneur
Years active 2002—present
Labels Mo’ Hits Records, Mavin Records

Michael Ajereh Collins better known as Don Jazzy is the CEO of Mavin Records, a record label that has buzzing acts like Rema, Korede Bello, Dr. Sid, D’Prince, Johnny Drille, POE, and recently Crayon, etc.

Recently, Mavin Records received millions of dollars in investment from Kupanda Holdings to help it expand to Mavin Global.

Don Jazzy is number three on our list and one of the richest musicians in Africa. The highly revered music maker has other businesses outside music. He is a brand ambassador for Scotch Whisky Johnnie Walker.

The beat maker’s net worth is valued to be around N8.7 billion. Hence he takes the Number 3 on our list of the Richest Musicians In Nigeria 2022.

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Dbanj – N 6.2 Billion

Dbanj-Richest-musicians-in Nigeria
Background information
Birth name Oladapo Daniel Oyebanjo
Born 9 June 1980 (age 39)
Zaria, Kaduna State, Nigeria
  • Afrobeats
  • pop
  • hip hop
  • R&B
  • Musician
  • singer
  • songwriter
  • rapper
  • entrepreneur
  • television personality
  • Vocals
  • harmonica
Years active 2004 Till Date
  • DB Records
  • Dkm Media
  • GOOD Music
  • Mercury
  • Sony Music Entertainment
  • ROCKSTAR4000
  • RCA

Dapo Daniel Oyebanjo aka D’banj is about the best Nigerian entertainer out there any time he takes the stage to perform. The DB Records boss is a consummate brand ambassador to multinational companies.

He is the CEO of the CREAM Platform, which was valued to be worth about $100,000,000 by an American firm.

D’banj charges a fortune to mount the stage anywhere to perform a figure of about N6 million he also made a runway debut in Johannesburg, South Africa.

Last year he gave a rousing show at Global Citizen Festival Mandela 100 in South Africa last December. He is worth an estimated figure of about 6.2 billion Naira.

Dbanj Also takes the Number 4th Position on the list of Top Richest and performing musicians in Nigeria this year.

2face(2Baba) – N 6 Billion

Background information
Birth name Innocent Ujah Idibia
Also known as 2face Idibia 1.88 m (6 ft 2 in)
Born 18 September 1975 (age 44)
shomolu, Lagos, Nigeria
Net Worth  N 6 Billion
  • Singer
  • songwriter
  • record producer
  • entrepreneur
  • Vocals
  • vocal percussion
Years active 1994–present
  • Hypertek Digital

Another popular face that’s making our list of the top 10 richest musicians in Nigeria is none other than the legendary Innocent Ujah Idibia, also known as 2Baba or 2face. According to various reports, his assets are worth roughly $16.3 million (₦5.9 Billion).

He was born on the 8thof September 1975 and started his musical career earlier than every other person making this list.

With over 20 active years in the industry, it is no surprise that he makes our list. His many years of activeness in the industry have also earned him several endorsements deals with top brands like Glo, Campari, Guinness, and many more others.

He has won several awards, owns several properties and is currently the CEO and owner of Hypertext records.

With all of this, 2face (2baba) emerges the Number 5 position on the list of Top Richest Musicians in Nigeria for 2022.

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Flavour – N 5.9 Billion

Background information
Birth name Chinedu Izuchukwu Okoli
Born 23 November 1983 (age 35)
Enugu, Enugu State, Nigeria
Origin Umunze, Anambra State
Net Worth N 5.9 Billion
  • Singer
  • songwriter
  • dancer
  • actor
  • Guitar
  • piano
  • drums
Years active 2005 Till Date

Chinedu Okoli was born on 23 November 1983, better known by his stage name Flavour N’abania or simply Flavour, He is a Nigerian singer, songwriter, multi-instrumentalist and performer. 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 (Ashawo Remix)”. He is currently signed to 2nite Entertainment.

Contemporary highlife king Flavour takes the next slot right after Banky W. The ‘Ada Ada’ crooner is a big toast in Eastern Nigeria where he hails from.

Flavour is one of the busiest Nigerian music stars as he plays at least 3 to 7 shows every week with a high service charge.

The athletic singer is a brand ambassador for Bullet Energy drink, Life Lager Beer, etc. The estimated net worth of Flavour is pegged at around N3.7 billion.

Timaya – N 5.8 Billion

Background Information
Birth name Inetimi Alfred Odon
Net Worth N 5.8 Billion
Born 15 August 1980
Port Harcourt, Rivers State, Nigeria
Origin ODI, Bayelsa State, Nigeria
Occupation(s) Singer, musician
Instruments Singing
Years active 2005–present
Labels DM Records

Inetimi Timaya Odon (born 15 August 1980), better known by his stage name Timaya, is a Nigerian singer and songwriter. He is the founder of DM Records Limited. His solo career began in 2005 with the release of “Dem Mama”, which also appeared on his debut album, True Story released the following year. His second album Gift and Grace was released in 2008.

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Nigerian dancehall star Enitimi Alfred Odom better know as Timaya takes the number 8 position in our ranking. The DM Records boss tries to keep a low profile but he is very much as far as entertainment in Nigeria is concerned.

At the moment the ‘Balance‘ crooner has running endorsements deals with Nigerian Teleco Glo and Cognac brand Hennessy all worth several millions of Naira.

A few months back last December the singer was buying new cars for his associates and himself to celebrate the festivities. Timaya’s estimated net worth is put at N5 billion.

Banky W – N 5 Billion

Banky w
Background Information
Olubankole Wellington

27 March 1981 (age 38)

New York, United States
Net Worth N 5 Billion
Musical career
  • Singer
  • songwriter
  • actor
  • rapper
  • politician
Instruments Vocals
Years active 2002–present
Labels Empire Mates Entertainment

Banky W was born in the United States to Nigerian parents. His family moved back to Nigeria when he was five years old. Banky started singing at a young age in his church choir. He schooled in Lagos for his primary and secondary education and returned to further his tertiary education at Rensselaer Polytechnic Institute, New York on a scholarship. It was known that he began his record label E.M.E in 2002 while studying.

Before the politics, Banky W has a huge brand influencer and ambassador for multinational companies like Samsung, Uber, etc with benefits running in millions.

He is happily married and has other interests in acting, film production, event host, and public speaking. His estimated net worth is put to be around N1.5 billion.

Olamide Badoo – N 3.8 Billion

Olamide Badoo Richest musician in Nigeria
Background information
Birth name Olamide Adedeji
Born 15 March 1989 (age 31)
Bariga, Lagos State, Nigeria
Net Worth  N 3.8 Billion
  • Singer-songwriter
  • rapper
Instruments Vocals
Years active 2011–present
Labels YBNL Nation

Olamide Adedeji was born on the 15 March 1989, known by his stage name Olamide but popularly called Olamide Baddo or BaddoSneh, is a Nigerian hip hop recording artist. He records mostly in Yoruba, his native tongue. In 2011, he released his debut studio album Rapsodi while signed to Coded Tunes. YBNL, his follow-up album, was released under his label imprint YBNL Nation.

Phyno – N 1.5 Billion

Background information
Birth name Chibuzor Nelson Azubuike
Born 9 October 1986 (age 32)
Enugu State, Nigeria
Origin Awka, Anambra State
Net Worth  N 1.5 Billion
  • Rapper
  • singer
  • songwriter
  • record producer
Years active 2003–present
Labels Sputnet, Penthauze

Chibuzor Nelson Azubuike (born 9 October 1986), better known by his stage name Phyno, is a Nigerian rapper, singer, songwriter and record producer. He started his musical career as a producer in 2003. He is renowned for rapping in the Igbo language. His debut studio album, No Guts No Glory, was released in 2014.

Okay!, Here’s our list of the richest musicians in Nigeria this 2021, am sure you now believe that musicians are not indigent people.

It’s important to note that this list was not just fabricated but they are gotten and summarized from trusted sources which include Wikipedia and Forbes.

However, This is all we have to say for now on the topic Top 20 Richest Musicians in Nigeria 2022. However if you have any doubts or questions about the Richest musicians in Nigeria.

Please let me know your view through the Comment Section Below.  Thanks! 


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