Top 5 richest musicians in Nigeria and their net worth in 2021

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To find out who is the richest artist in Nigeria 2021, one should take into account the net worth of each of them. Nigerian Infopedia presented a long list with the net worth of the most popular musicians in the country.

This is one of the most argurably topics you will find in the Music Industry today.

Nigerian artists are ranked high when it comes to African musicians, as many Nigerian musicians have won many international awards, nominations, and recognitions.

Here are the top 5 list of the richest Nigerian musicians and artists in 2021.

1. Wizkid – Net worth of $21 Million

Wizkid is still the number 1 on our list of the top 10 richest musicians & artists in Nigeria. Wizkid’s net worth is estimated at 21 million U.S dollars in 2021.

Ayodeji Ibrahim Balogun, better known as Wizkid, used to be a simple boy who adored singing and had enough talent and passion for music recording. He was born in Surulere in Lagos State, on July 16th, 1990.

Apart from singing, Wizkid also secured many endorsements deals with MTN Nigeria and GLO ( which paid him N120 million to become its ambassador).

Just last year, 2020, the singer secured an endorsement deal with the mobile technology company Tecno and another deal with the international sportswear brand Puma.

Wizkid also increased his net worth when he secured multi-million deals with Pepsi and Guinness that brought him more money on the table.

In July 2019, the talented singer added more to his net worth after he confirmed a mega-deal signing for United Bank for Africa (UBA) as their brand ambassador..

Wizkid released an album at the age of 11 in collaboration with the group Glorious Five.

Wizkid later met OJB Jezreel during his struggling days, and he became his mentor. He then started visiting Jezreel’s studio, watching and learning from the recordings by artists like 2 Face Idibia and Sound Sultan.

Wizkid then joined Empire Mates Entertainment (E.M.E) in 2009, and from there, his career in the music Industry kick-started.

2. Davido – Net worth of $19.5 Million

David Adeleke, popularly known as Davido, is the second richest musician and artist in Nigeria in 2021. Davido’s net worth is estimated at 19 million U.S dollars.

Davido was born in Atlanta, United States of America, to the rich and wealthy Nigerian family of Dr Adedeji Adeleke. His father is the co-founder of Adeleke University in Osun state and the CEO of Pacific Holdings Limited.

Davido’s net Worth is from music and endorsement projects such as the $78,296 MTN endorsement deal, Guinness Nigeria, and Infinix mobile.

Davido also performs in both local and international shows where he earns as much as N10 million per performance (in Nigeria) and $30,000 for international performances.

Davido net worth and wealth is also affected positively by his YouTube channel, which has attracted over 663 million views since it was created.

Also, Davido’s Instagram account is not left out. In fact, according to Hopper, each of Davido’s post on Instagram has an estimated value of $91,100. He ranks number 29 in the world ranking of Instagram Richest Celebrities.

Davido released ‘Dami Duro’ on October 30, 2011. He co-produced the single with Shizzi, which Clarence shot in Lagos.

The song Dami Duro came with an amazing video in Jan. 2012, and it became the talk of the town with frequent airplay by the media.

3. Don Jazzy – Net worth of $18.5 million

Collins Michael Ajereh, known as Don Jazzy in the music scene, is the third richest Nigerian Musician in 2021. Don Jazzy is an indigene of Umuahia in Abia State. His birth date is the 26th of November, 1982.

Don Jazzy’s net worth is estimated to be over $18 million. Don Jazzy is not only a musician but he is also a music producer and an entrepreneur. This rich music start is the CEO of the Mavins Records Label.

Don Jazzy’s musical career started with his collaborations with D’banj where the duo made different hit tracks as Mo’hits. This was before they parted ways about a decade ago. It was after the separation that Don Jazzy created the Mavins Records Label.

Don Jazzy is known to have an eye for talents. Just this year, January 21, 2020, he announced the signing of a female artiste, Ayra Starr into his music fold.

Thus, Ayra Starr joined the other fresh talents who Don Jazzy signed under the Mavins Records such as Rema, Ladipoe and Koredo Bello.

So far, Ayra Starr isn’t doing bad for herself as she already got tongues wagging with the release of her debut EP which started with the trilling song, ‘Away’.

Don Jazzy is known for his wonderful music production. His hard work in addition to his persistence has helped him in his business dealings with artists both within and outside the country.

The musician began his collaboration with such stars as Dr SID, Tiwa Savage, Wande Coal, Reekado Banks, Korede Bello, Di’Ja, and many others. Aside from singing and producing, he also has profitable contracts with such companies as MTN and Loya Milk.

Don Jazzy net worth is estimated at $18.5 Million today, and he possesses property in the Banana Island and several cars like a Porsche Carrera and Bentley.

4. Burna Boy – Net worth of $17 million

Burna Boy’s real name is Damini Ebunoluwa Ogulu. He is a Nigerian singer, rapper, songwriter, and dancer. Burnaboy comes from Mbiama in Ahoda West LGA of Rivers State.

Burna Boy started gaining recognition in the music industry in 2012 when he released his hit single ‘Like to Party’ from his debut album L.I.F.E.

Burna Boy sold Up to 40,000 copies of L.I.F.E. on the first day of its release. Also, Burna Boy sold L.I.F.E marketing rights to Uba Pacific for 10 million Naira.

Burna boy left Aristokrat records in 2014, and in 2015 he established his record label named Spaceship Entertainment. He debuted his second album ‘On a Spaceship’ on the 25th of November 2015.

In 2017, the singer signed with Bad Habit/Atlantic Records. The singer’s net worth is currently estimated at $17 million. His income comes from the sale of music, endorsement deals and other investments.

Burna Boy was one of the richest Nigerian musician and artist in 2020; Burna Boy’s net worth is estimated to be $17 million. He is also rated as one of the best musicians in Nigeria.

Burna was born in Port Harcourt. His parents had relocated to Port Lagos State after some time.

5. 2Baba (2Face) – Net Worth of $16 million

Number 5 in our list of top 10 richest musicians in Nigeria in 2021 is Innocent Ujah Idibia, also known with his stage name 2Baba or 2Face.

2Fcae was born in Jos, Nigeria, on 18th September 1975. Even though he was born in Jos, he is an indigene of Benue State.

2Face is the 5th richest Musician in Nigeria in 2021, with a net worth of $16 million. 2Baba improved in his music skills and rose to become one of the best Afropop artists in Africa.

At first, he started with the Plantashun Boiz group, after which he went solo. One would think he would fall off the music industry radar. But, no, he held on even flourishing while on his own.

During his early career years, Kenni Music signed him. It was with Kennis Music that he released his first music album, ‘African Queen’.

Indeed, the African Queen brought him to the limelight in the year 2004. Since the debut of that song, Tuface has remained top of his game as he has made major hits back to back.

He has won different awards like the MTV Music Awards, Headies and BET Awards.

Even though 2face likes living a private life, it’s not hard to tell that he possesses luxurious cars and houses.

He owns two houses in Lagos, one apartment in the US, and relaxation lounges in Ikeja, FESTAC and Lagos Island.

2baba is not very open about his collection of cars, but here are the cars that were caught ridden by 2Face:

  • Chevrolet Corvette Coupe (~₦45million)
  • Ferrari Coupe (₦57 million – ₦80 million)
  • Used Toyota Land Cruiser Prado (₦30 million – ₦52 million)

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