Top 20 Richest Musicians in Nigeria — October 2021

The music industry generates a lot of money. In fact, a 2018 report by Citigroup revealed that the global music industry generated a record $43 billion in 2017. Hence, it's no surprise that the industry is heavy with cash, as artists are often seen flaunting their wealth all over social media, posting pictures of their expensive jewellery, cars, mansions and the extravagant lifestyle they live. Hold on a second! Before judging them as to why they live such a life, you must know that most artists came from nothing to something. 

Most musicians show off to the world to prove that they could make it in life after many years of suffering and struggles. They make large amounts of money because of their talent and remarkable ability to compose songs. In the same vein, the Nigerian entertainment industry is dominated by music artists who have built massive wealth from their songs.

That said, the following Nigerian singers have amassed great wealth from tours, shows, concerts, record deals, merchandise sales, music collaborations, streams, royalties, ambassadorial deals and partnerships.

HotNaija presents a complete list of the Top 20 Richest Musicians in Nigeria.

(20). M.I. Abaga

★ Full Name — Jude Abaga
★ Date of Birth — 4 October 1981
★ Age — 
★ Origin — Taraba State, Nigeria
★ Active Years — 2004–present
★ Hit Songs — All My Life, Playlist, Action Film, Safe, One Naira, Crown Of Clay, Crowd Mentality
★ Genres — Hip hop
★ Record Label — Chocolate City
★ Net Worth — $2.5 million

(19). Tekno

★ Full Name — Augustine Miles Kelechi
★ Date of Birth — 17 December 1990
★Age — 30 years
★ Origin — Bauchi State, Nigeria
★ Active Years — 2012–present
★ Hit Songs — Your Love, Go, Duro, Jogodo, Rara, Wash, Skeletun, Enjoy
★ Genres — Afrobeats • Hip-hop • R&B
★ Instagram Followers — 8.6 million
★ Record Label — Universal Music Group
★ Net Worth — $3.2 million

(18). Flavour

★ Full Name — Chinedu Okoli
★ Date of Birth — 23 November 1983
★ Age — 37 years
★ Origin — Anambra State, Nigeria
★ Active Years — 2005–present
★ Hit Songs — Ada Ada, Nwa Baby, Ashawo Remix, Baby Oku, Adamma
★ Genres — Igbo highlife • Hip-hop • Gospel
★ Instagram Followers — 4.5 million
★ Record Label — 2nite Music Group
★ Net Worth — $3.5 million

(17). Yemi Alade

★ Full Name — Yemi Eberechi Alade
★ Date of Birth — 13 March 1989
★Age — 32 years
★ Origin — Abia State, Nigeria
★ Active Years — 2005–present
★ Hit Songs — Johnny, Shekere, Boyz, Deceive, Single & Searching, Oh My Gosh
★ Genres — Afro-pop • R&B • World
★ Instagram Followers — 14.8 million
★ Record Label — Universal Music Group
★ Net Worth — $3.8 million

(16). Banky W

★ Full Name — Olubankole Wellington
★ Date of Birth — 27 March 1981
★ Age — 40 years
★ Origin — New York City, USA.
★ Active Years — 2002–present
★ Hit Songs — Jasi, Lagos Party, Strong Thing, Yes/No, Heaven
★ Genres — R&B
★ Instagram Followers — 4.6 million
★ Record Label — Empire Mates Entertainment
★ Net Worth — $4 million

(15). Tiwa Savage

★ Full Name — Tiwatope Savage
★ Date of Birth — 5 February 1980
★ Age — 41 years
★ Origin — Lagos State, Nigeria
★ Active Years — 1996–present
★ Hit Songs — Park Well, All Over, Somebody's Son, Koroba, 49-99
★ Genres — Afrobeats • R&B • Pop • Hip hop • Soul
★ Instagram Followers — 13.1 million
★ Record Label — Universal Music Group
★ Net Worth — $4 million

(14). Falz

★ Full Name — Folarin Falana
★ Date of Birth — 27 October 1990
★ Age — 30 years
★ Origin — Lagos State, Nigeria
★ Active Years — 2009–present
★ Hit Songs — Mercy, This is Nigeria, Bop Daddy, Soldier, Soft Work
★ Genres — Afropop • Hip hop
★ Instagram Followers — 8.2 million
★ Record Label — Bahd Guys Record
★ Net Worth — $4.5 million

(13). Phyno

★ Full Name — Chibuzor Nelson Azubuike 
★ Date of Birth — 9 October 1986
★ Age — 34 years
★ Origin — Anambra State, Nigeria
★ Active Years — 2003–present
★ Hit Songs — Fada Fada, So Far So Good, High Way, Onyeoma
★ Genres — Igbo rap • Hip hop
★ Instagram Followers — 7.1 million
★ Record Label — Penthauze
★ Net Worth — $5million

(12). Patoranking

★ Full Name — Patrick Nnaemeka Okorie
★ Date of Birth — 27 May 1990
★ Age — 31 years
★ Origin — Ebonyi State, Nigeria
★ Active Years — 2009–present
★ Hit Songs — Abule, I'm In Love, So Different, Girlie O, Celebrate Me
★ Genres — Reggae • Dancehall
★ Instagram Followers — 7.6 million
★ Record Label — V.P. Records
★ Net Worth — $6 million

(11). KCee

★ Full Name — Kingsley Chinweike Okonkwo
★ Date of Birth — 18 April 1979
★ Age — 42 years
★ Origin — Anambra State, Nigeria
★ Active Years — 2013–present
★ Hit Songs — Limpopo, Reggae Blues, Pull Over, Hold Me Tight
★ Genres — Afropop
★ Instagram Followers — 3.6 million
★ Record Label — Five Star Music
★ Net Worth — $8 million

(10). D'banj

★ Full Name — Oladapo Daniel Oyebanjo
★ Date of Birth — 9 June 1980
★ Age — 41 years
★ Origin — Kaduna State, Nigeria
★ Active Years — 2004–present
★ Hit Songs — Fall in Love, Oliver Twist, Emergency, Tongolo, Don't Tell Me Nonsense, It's Not A Lie
★ Genres — Afrobeats • Hip hop • R&B • Pop
★ Instagram Followers — 4.3 million
★ Record Label — D.B. Records
★ Net Worth — $9 million

(9). 2Baba

★ Full Name — Innocent Ujah Idibia
★ Date of Birth — 18 September 1975
★ Age — 46 years
★ Origin — Benue State, Nigeria
★ Active Years — 1994–present
★ Hit Songs — African Queen, Opo, Amaka, If Love Is A Crime, We Must Groove
★ Genres — R&B • Afrobeats • Hip hop • Afropop • Reggae
★ Instagram Followers — 6.6 million
★ Record Label — Hypertek Digital
★ Net Worth — $9.5 million

(8). Timaya

★ Full Name — Inetimi Timaya Odon
★ Date of Birth — 15 August 1988
★ Age — 41 years
★ Origin — Bayelsa State, Nigeria
★ Active Years — 2005–present
★ Hit Songs — Sanko, Don Dada, Balance, Born To Win, Ukwu, Gra Gra, I Can't Kill Myself, Bum Bum
★ Genres — Dancehall • Ragga • Hip hop • Afrobeats • Afrosoca
★ Instagram Followers — 2.1 million
★ Record Label — D.M. Records
★ Net Worth — $10 million

(7). Mr P

★ Full Name — Peter Okoye
★ Date of Birth — 18 November 1981
★ Age — 39 years
★ Origin — Anambra State, Nigeria
★ Active Years — 2003–present
★ Hit Songs — Paloma, Just Like That, I Do, Prodigal, Follow My Lead
★ Genres —R&B • Afrobeats
★ Instagram Followers — 11.5 million
★ Record Label — PClassic Label
★ Net Worth — $14 million

(6). Rudeboy

★ Full Name — Paul Okoye
★ Date of Birth — 18 November 1981
★ Age — 39 years
★ Origin — Anambra State, Nigeria
★ Active Years — 2003–present
★ Hit Songs — Reason With Me, Woman, Audio Money, Reality
★ Genres — R&B, Dancehall, Afrobeats, Hip hop, Reggae
★ Instagram Followers — 7.4 million
★ Record Label — Fire Department Inc.
★ Net Worth — $15 million

(5). Don Jazzy

★ Full Name — Michael Collins Ajereh
★ Date of Birth — 26 November 1982
★ Age — 38 years
★ Origin — Delta State, Nigeria
★ Active Years — 2002–present
★ Hit Songs — Dorobucci, Adaobi, Looku Looku, Jantamanta, My Dear
★ Genres — Afrobeats • Afropop
★ Instagram Followers — 12.1 million
★ Record Label — Mavins Record
★ Net Worth — $16 million

(4). Olamide

★ Full Name — Olamide Gbenga Adedeji
★ Date of Birth — 15 March 1989
★ Age — 32 years
★ Origin — Lagos State, Nigeria
★ Active Years — 2010–present
★ Hit Songs — Eni Duro, Abule Sowo, Shakiti Bobo, Oya Dab, Don't Stop, Motigbana, Green Light
★ Genres — Hip hop • Afrobeats • Nigerian Hip hop
★ Instagram Followers — 8.2 million
★ Record Label — YBNL Nation
★ Net Worth — $15 million

(3). Burna Boy

★ Full Name — Damini Ebunoluwa Ogulu
★ Date of Birth — 2 July 1991
★ Age — 30 years
★ Origin — Rivers State, Nigeria
★ Active Years — 2011–present
★ Hit Songs — Question, Anybody, Gbona, Kilometre, Ye, On The Low
★ Genres — Afro-fusion • Afrobeats • Dancehall • Hip hop • R&B • Pop
★ Instagram Followers — 7.7 million
★ Record Label — Spaceship Records, Warner Music Group, Atlantic Records
★ Net Worth — $17 million

(2). Wizkid

★ Full Name — Ayodeji Ibrahim Balogun
★ Date of Birth — 16 July 1990
★ Age — 31 years
★ Origin — Lagos State, Nigeria
★ Active Years — 2001–present
★ Hit Songs — Holla At Your Boy, Essence, Joro, Fever, Ojuelegba, No Stress, Smile, Baba Nla, Daddy Yo
★ Genres — Afrobeats • Pop • Hip hop • R&B • Dancehall
★ Instagram Followers — 13 million
★ Record Label — Starboy Records, RCA Records
★ Net Worth — $25 million

(1). Davido

★ Full Name — David Adedeji Adeleke
★ Date of Birth — 21 November 2021
★ Age — 28 years
★ Origin — Osun State, Nigeria
★ Active Years — 2010–present
★ Hit Songs — Dami Duro, Fall, If, Jowo, Fem, Assurance, Gobe
★ Genres — Afrobeats • R&B • Dancehall, Afropop, Electropop
★ Instagram Followers — 21.2 million
★ Record Label — DMW, RCA Records, Sony Music Entertainment
★ Net Worth — $45 million
Alade Habeeb

I am a writer with a sense of creativity to write on multiple topics. I create engaging, thrilling and entertaining contents and I always take the time to edit my work well before publishing. I follow all the latest trends and read about recent happenings in the entertainment industry to always update my readers.

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