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Top 10 Richest Nigerian Musicians

In as much as the delight music rouses in the mind are everlasting, we’re happy to familiarize you with the names of top Nigerian musicians whose songs have hit the jackpot across and beyond Nigeria.


“The rating of the richest Nigerian Musicians is often based on media reports. However, some other yardsticks are used, these include- The artist having his / her label or signed to a record label, duration of the artist in the music industry, the number of hit songs released by the artists and how much sales he/she make on iTunes.”

  • Don Jazzy

DonJazzy: Micheal Collins Ajereh, a distinctly-gifted personality who sensibly blends singing with music production, Don Jazzy’s distinguished status as a singer cum producer has made him Nigeria’s richest music producer for the current year. In addition to his high-soaring fame, he serves as the boss of MAVIN –a top-notch record label that features the presence of other stars including Tiwa Savage, Korede Bello, Iyanya and many others.

Besides being a producer, Don Jazzy has signed lucrative contracts with Loya milk, with MTN, and with Konga as well. He is also a brand ambassador of Samsung in Nigeria. Don Jazzy net worth is estimated at $35 million.

  • D’banj

D’banj is a famous singer, songwriter, TV personality, and entrepreneur. He has worked and performed with such international artists as Fally Ipupa, Tinie Tempah, Kid Cudi, Akon, and Big Sean. Besides this, now he is a Glo brand ambassador, Bank of industry ambassador, Ciroc Nigeria ambassador, Slot ambassador, and UAC food ambassador.

  • 2Face Idibia

2Baba is a famous Nigerian R&B singer, songwriter, stage performer, and recording artist. His albums are ‘Face two Face,’ ‘Grass two Grace’ with hits singles ‘African Queen’ and ‘True Love’ and his 2018 hit song ‘Amaka’

He is a various Awards winner and a creator of the “Hypertek Entertainment” record label. Now he has endorsements with Glo, Campari, Coca cola, and others, as well as possess some real estate investments including his Rumors Night Clubs in Lagos.

  • Wizkid

Wizkid: Ayodeji Ibrahim Balogun, Just as his admirers would always call him, is a youngster with inspiring musical potentials. His reputation has undoubtedly given him an honorable stance within and outside Nigeria. In addition to his dignified position as the top member of a Record label named STARBOY, Wizkid has claimed lots of awards.

Moreso, Star boy Wizkid, is thought to be the greatest music export out of Nigeria during the last four years. His enormous achievements include local and international awards and nominations. He also earns a lot from deals. Thus, he became a Guinness brand ambassador in 2013, a Pepsi brand ambassador and a Glo brand ambassador.

  • Davido

David Adedeji Adeleke, whose stage name is Davido, is known to be a singer, Nigerian entertainer and record label producer.

Davido has worked a lot to make the most money among all others Nigerian artists during the last 12 months. He has produced the most hit songs in the past year, as well as has been touring through the world performing at concerts.

This year has brought him new endorsements with perfume brand AXE, Infinix Mobility, and others.

  • Olamide

Olamide Adedeji, whose stage name is Olamide, is a handsome, talented and creative rap artist. He sings mostly in the Yoruba language, and his hits are ‘Ilefo Illuminati,’ ‘First of all,’ ‘Stupid Love,’ ‘Voice of the Street,’ ‘Dami Duro,’ ‘Science Student,’ ‘Motigbana and others.

He was titled many times and won lots of Music Awards. Olamide has earned on his world tour shows across UK, Europe, and America. Besides this, he’s a Hennessy & Glo ambassador and CEO of digital TV channel VOTS (Voice of the street), as well as the Chief Executive Officer (CEO) of YBNL Nation Record Label.

  • Flavour

Chinedu Okoli also known as Flavour N’abania, is another famous Nigerian singer, songwriter, and producer, as well as a well-built model.

Flavour was nominated many times and won many Awards. His albums are ‘N’abania,’ ‘Uplifted,’ ‘Blessed,’ ‘Thankful,’ and ‘Ijele the traveler.’ Flavour is known to be the brand ambassador of Flat tummy tea, the brand ambassador of Nigeria Breweries Life Beer and Energy Drink Bullet.

  • Phyno

Chibuzor Nelson Azubuike, whose stage name is Phyno, is a rapper, songwriter, singer, and producer. He is known to be a talented fast rapper and is placed among the five fastest rappers in the country.

He started his rapping career using Igbo dialect, but then entered Lagos and met Olamide. He also worked alongside such artists as Timaya, Flavour, and others. Now he is a brand ambassador of Nairabet, GLO.

  • Banky W

Olubankole Wellington, also known as Banky W, is a Nigerian singer, songwriter, rapper and an actor.

Music is not the only thing that made him one of the wealthiest musician in Nigeria, he also co-established Empire Mates Entertainment, produced and featured in multi million movies; Wedding party 1&2, Up North and others. Moreover, he is the first official ambassador of Nigeria Samsung electronics, as well as a brand ambassador for multinational companies like Uber, and Ciroc ultra-premium vodka.

He is currently into politics running for a seat in the house of representatives in Lagos.

  • Timaya

Timaya is a successful Nigerian artiste, who has earned much on his singing career. His albums ‘True Story,’ ‘Gift And Grace,’ ‘De Rebirth’ and ‘Long Life N Prosperity’ contain many hit songs. He is known to charge between 1.5million to 4million Naira per performance.

Now he is the CEO of Dem Mama records created in 2013 and has endorsements deals with Nigerian Glo and Hennessy.

There are alot of other rich Nigerian artist, these are the highest.

Written by Silver N

Content creator with love for entertainment. Photographer, videographer and designer.

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