Last updated on June 9th, 2025 at 10:57 am
You Are scrolling X, seeing Davido’s new jet or Wizkid’s latest mansion flex.
You wonder, “Who’s actually the richest Naija musician?”
Maybe you Are a fan, an aspiring artist, or just curious about the money behind the music.
The Nigerian music scene is a goldmine, and these artists aren’t just dropping hits—they’re stacking millions.
This post cuts through the noise to give you the top 10 richest Nigerian musicians in 2025, their net worth, and how they built their empires.
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How We Ranked the Richest Naija Musicians
Net worth isn’t just about music sales.
These artists are hustling hard—think endorsements, real estate, and side ventures.
We pulled data from credible sources like Forbes, industry reports, and X posts.
Numbers vary, so we cross-checked to keep it tight.
Here’s the lineup for 2025, based on estimated net worth, assets, and influence.
Top 10 Richest Nigerian Musicians in 2025
Here’s the rundown of the top 10 richest Nigerian musicians in 2025, their net worth.
| Rank | Artist | Net Worth | Wealth Sources | Key Assets | Highlight |
|---|---|---|---|---|---|
| 1 | Davido | $100M | Music, tours, endorsements, real estate | Private jet, Rolls-Royce Cullinan, mansions | Performed at 2022 World Cup, earned millions |
| 2 | Wizkid | $65M | Streaming, tours, endorsements | Ikoyi mansion, Ferrari, Starboy Ent. | “Ojuelegba” remix with Drake blew up Afrobeats |
| 3 | Don Jazzy | $52M | Music production, Mavin Records, endorsements | Cadillac Escalade, Lekki mansion | Built Mavin Records into a star factory |
| 4 | Burna Boy | $40M | Tours, streaming, fashion, real estate | Grammy, Rolls-Royce Dawn, Lekki mansion | Sold out Madison Square Garden in 2022 |
| 5 | P-Square | $30M (Combined) | Royalties, tours, real estate | Banana Island mansions, Bentley Bentayga | 2019 reunion tour sold out across Africa |
| 6 | Olamide | $25M | Music, YBNL label, endorsements | Mercedes G-Wagon, Lekki mansion | Ikigai album set Spotify Nigeria records |
| 7 | Timaya | $14M | Music, oil and gas, real estate | Lekki mansion (N500M), Bentley Continental | Won Best Dancehall at 2025 Soundcity Awards |
| 8 | Flavour | $10M | Album sales, endorsements (MTN, Life Beer) | Rolls-Royce Cullinan, Lagos mansion | Bought his mom a house with earnings |
| 9 | Tiwa Savage | $9M | Music, endorsements (L’Oreal), acting | Rolls-Royce Phantom, Lekki mansion | Performed at King Charles III’s coronation |
| 10 | Phyno | $6.7M | Rap, Penthauze label, endorsements | Enugu mansion, Mercedes G-Wagon | “Ghost Mode” with Olamide won multiple awards |
Note: Net worth estimates are based on Forbes, Legit.ng, Clacified.com, Intel Region, and X posts. Numbers may vary slightly across sources.
1. Davido – $100 Million
Davido, the 30BG king, tops the charts with a net worth of $100 million.
Born into wealth, he didn’t just coast—he built an empire.
His label, DMW, pumps out hits with artists like Mayorkun and Peruzzi.
Endorsements with Puma, MTN, and Access Bank keep the cash flowing.
He’s got mansions in Lagos and Georgia, plus a Bombardier Global 6000 jet.
Fun Fact: Davido performed at the 2022 World Cup closing ceremony, pocketing millions.
- Wealth Sources: Music sales, tours, endorsements, real estate.
- Key Assets: Private jet, Rolls-Royce Cullinan, Lagos properties.
Read also: Davido Net Worth: How the Afrobeats King Built His Empire
2. Wizkid – $65 Million
Wizkid, the Starboy, sits at $65 million, though some sources peg him higher.
Afrobeats’ global ambassador, he’s collaborated with Drake and Beyoncé.
His sold-out O2 Arena shows prove he’s a money magnet.
Endorsements with Pepsi, MTN, and GLO add serious dough.
He owns a $5 billion mansion in Ikoyi and a pad in Los Angeles.
Wizkid’s “Ojuelegba” remix with Drake was a game-changer, putting Afrobeats on the world map.
- Wealth Sources: Streaming revenue, global tours, brand deals.
- Key Assets: Ferrari, Ikoyi mansion, Starboy Entertainment.
3. Don Jazzy – $52 Million
Don Jazzy isn’t just a producer—he’s a music mogul with $52 million.
Mavin Records, his brainchild, houses stars like Rema and Ayra Starr.
He’s been cashing in since the Mo’ Hits days with D’banj.
His production fees? Think N500,000 per track, minimum.
He’s got a Cadillac Escalade and a Lekki mansion in his portfolio.
Don Jazzy’s X post in 2017, “Dear banks, Forbes says I’m bankable,” was a flex that aged well.
- Wealth Sources: Music production, label ownership, endorsements.
- Key Assets: Mavin Records, luxury cars, real estate.
4. Burna Boy – $40 Million
Burna Boy, the African Giant, has a $40 million net worth.
His Grammy win for Twice as Tall cemented his global status.
Tours, like his sold-out Madison Square Garden show, rake in millions.
He’s invested in real estate and fashion, plus a Rolls-Royce Dawn.
Example
Burna’s “Last Last” was one of 2022’s most-streamed songs, boosting his bank.
- Wealth Sources: Tours, streaming, endorsements, investments.
- Key Assets: Lekki mansion, Lamborghini Urus, Grammy trophy.
5. P-Square – $30 Million (Combined)
Peter and Paul Okoye, aka P-Square, hold $30 million together.
Despite a split, their reunion keeps the cash coming.
Hits like “Chop My Money” still get streams worldwide.
They own twin mansions in Banana Island and a condo in Atlanta.
Vibe Check: Their 2019 comeback tour sold out arenas in Africa and Europe.
- Wealth Sources: Music royalties, tours, real estate.
- Key Assets: Range Rover, Bentley Bentayga, Lagos properties.
6. Olamide – $25 Million
Olamide, the YBNL boss, has a $25 million net worth.
His street-hop style and label nurture stars like Fireboy DML.
A Grammy nod for “Amapiano” with Asake shows his staying power.
He keeps it low-key but owns mansions in Lekki and Bariga.
Olamide’s Ikigai album broke Spotify Nigeria’s opening-day record in 2024.
- Wealth Sources: Music, label revenue, endorsements.
- Key Assets: Mercedes G-Wagon, YBNL label, Lagos homes.
7. Timaya – $14 Million
Timaya, the Egberi Papa 1 of Bayelsa, sits at $14 million.
His DM Records launched Patoranking and Runtown.
Real estate and oil ventures pad his wealth.
His Lekki mansion is worth N500 million.
Fun Fact: Timaya’s 2025 Soundcity MVP Award for Best Dancehall Artist was a fan favorite.
- Wealth Sources: Music, real estate, oil and gas.
- Key Assets: Bentley Continental GT, Port Harcourt properties.
8. Flavour – $10 Million
Flavour, the highlife king, has a $10 million net worth.
Endorsements with MTN and Life Beer keep him flush.
He owns clubs, hotels, and a Lexus LX 570.
His Enugu roots shine in hits like “Nwa Baby.”
Example: Flavour bought his mom a house, showing his heart matches his hustle.
- Wealth Sources: Album sales, endorsements, tours.
- Key Assets: Rolls-Royce Cullinan, Lagos mansion.
9. Tiwa Savage – $9 Million
Tiwa Savage, the Queen of Afrobeats, boasts $9 million.
Her Universal Music Group deal and L’Oreal endorsement are big wins.
She performed at King Charles III’s coronation, banking serious cash.
Her Lekki mansion and Rolls-Royce Phantom scream luxury.
Tiwa’s move from backup singer for Mary J. Blige to Afrobeats star is pure grit.
- Wealth Sources: Music, endorsements, acting.
- Key Assets: Bentley Bentayga, Mavin Records deal.
10. Phyno – $6.7 Million
Phyno rounds out the list with $6.7 million.
His Igbo rap style and Penthauze label keep him relevant.
Endorsements and a Lekki duplex worth N170 million add up.
His collab with Olamide on “Ghost Mode” won awards and still slaps.
- Wealth Sources: Music, production, endorsements.
- Key Assets: Enugu mansion, Mercedes G-Wagon.
How Nigerian Musicians Build Wealth
These artists aren’t just singing—they’re stacking paper like entrepreneurs. Here’s how they do it:
- Streaming: Spotify, Apple Music, and YouTube pay big for hits.
- Tours: Sold-out shows in Lagos or London bring millions.
- Endorsements: Brands like Pepsi, MTN, and Puma throw cash at stars.
- Side Hustles: Real estate, fashion, and record labels diversify income.
- Social Media: X posts and fan engagement drive brand deals.
Why This Matters for You
Want to break into the music game?
Learn from these hustlers.
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A website hosted by Truehost Nigeria can get you started cheap.
These artists prove talent plus strategy equals millions.
Final Thoughts
Who is the Richest Nigerian Musician? Davido leads the pack, but Wizkid, Don Jazzy, and Burna Boy aren’t far behind.
The Nigerian music industry is a cash machine, and these artists are proof.
From mansions to Grammys, they’re living the dream.
Got a favorite? Drop it in the comments or hit up X to join the convo.
And if you’re building your own empire, check out Truehost Nigeria for web hosting that won’t break the bank.
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