Top 11 Richest Musicians in Nigeria (Ranked)

By Kevin K Apr 7, 2025

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Last updated on June 9th, 2025 at 11:51 am

Nigeria’s music industry has seen remarkable growth, producing global stars who have not only topped charts but also amassed significant wealth through music sales, concerts, endorsements, and business ventures. This blog post explores the top 11 richest musicians in Nigeria as of 2025, providing their estimated net worths and a glimpse into their contributions to the industry.

Davido is likely the richest musician in Nigeria in 2025, with an estimated net worth of around $70–100 million, though exact figures vary.
The top 11 richest musicians include Davido, Wizkid, Burna Boy, Don Jazzy, Olamide, 2Baba, Tiwa Savage, Timaya, Phyno, Flavour, and D’banj, with net worths ranging from $25–$70 million, based on recent estimates.
Net worth estimates can be controversial, as sources like Celebrity Net Worth, Forbes, and others show significant variation, reflecting the complexity of calculating wealth from music, endorsements, and investments.

The Nigerian music industry, particularly Afrobeats, has gained international acclaim, with artists like Davido, Wizkid, and Burna Boy becoming global icons.

Their wealth stems from music sales, streaming revenue, sold-out concerts, endorsement deals, and entrepreneurial ventures.

Estimating net worth is complex due to private financial details, leading to variations across sources like Celebrity Net Worth, Forbes, and independent blogs.

We’ve synthesized data from recent articles, focusing on 2025 estimates to provide the most current insights.

Page Contents

Detailed List and Analysis

The following table, lists the top 14 musicians, from which the top 11 were selected:

Rank	Musician	Net Worth Range (USD)	Key Details/URLs
1	Davido	$70–100 million	Albums: “Omo Baba Olowo,” “A Good Time”; endorsements with MTN, PUMA.
2	Wizkid	$50–70 million	Albums: “Superstar,” “Made in Lagos”; collaborations with Drake, Beyoncé.
3	Burna Boy	$40–65 million	Albums: “African Giant,” “Twice as Tall”; Grammy winner, international tours.
4	Don Jazzy	$30–55 million	Founder of Mavin Records, produced for D’banj, Tiwa Savage.
5	Olamide	$25–50 million	Albums: “Rapsodi,” “YBNL”; strong hip-hop presence.
6	2Baba (2Face Idibia)	$45 million	Albums: “Face 2 Face,” industry pioneer.
7	Tiwa Savage	$40 million	Albums: “Once Upon a Time,” “Celia”; powerful vocals, endorsements.
8	Timaya	$40 million	Albums: “True Story,” dancehall influence.
9	Phyno	$30 million	Albums: “No Guts No Glory”; Igbo rap, endorsements with Nairabet.
10	Flavour	$28 million	Albums: “N’abania,” highlife fusion.
11	D’banj	$25 million	Albums: “No Long Thing”; early Mo’Hits success, endorsements.
12	Mr. P (Peter Okoye)	$18 million	Solo hits: “Cool It Down”.
13	Rudeboy (Paul Okoye)	$18 million	Solo hits: “Reason With Me”.
14	Tekno	$15 million	Albums: “Old Romance,” singles: “Pana”.

Net worth estimates showed significant variation.

For instance, Davido’s net worth ranged from $70 million (William Kamkwamba) to $100 million (Celebrity Net Worth), reflecting differences in how income from music, endorsements, and investments are calculated.

Wizkid’s estimates ranged from $25 million (Kashgain) to $70 million (Carmart), highlighting the challenge of standardizing figures.

Some sources, like Celebrity Net Worth, listed lower figures (e.g., Wizkid at $4 million), which seemed outdated compared to recent reports, suggesting potential errors or incomplete data.

Our research involved analyzing multiple articles, such as Legit.ng, which listed Davido at $100 million, and GhanaWeb, noting Wizkid at $50 million.

Social media reactions, particularly on X, showed fan debates over Forbes rankings, with some questioning Davido’s lower estimates (e.g., X post claiming bias).

These discussions underscored the controversy around net worth rankings, especially for high-profile artists.

Conclusion

The top 11 richest musicians in Nigeria in 2025, as compiled, reflect their significant contributions to the industry and their financial success.

While exact figures may vary, the list provides a snapshot of their wealth, acknowledging the complexity and potential controversy in net worth estimates.