Who is the richest musician in Nigeria? This is one frequently asked question by Nigerians; keep scrolling to find out.
Deciding who the richest musician in Nigeria is in 2024 is arduous as there is limited verifiable information.
We might know how much they charge per show streaming records, but the financials are sometimes shrouded in secrecy.
The worth of endorsement deals is sometimes kept hidden. No verifiable investments from our favourite stars to give an accurate analysis of their net worth.
All we are left with are the ostentatious lifestyle (cars, blings, houses, dope pictures on social media, etc.) to make educated (sometimes uneducated) guesses on the net worth of our favorite artists who we can’t just stop vibing to their tunes.
Fanbases of different artists sometimes argue for hours to prove their favourite artists are doing better financially musically but in most cases don’t have the numbers to back up their claims.
We’ll be making our educated guess on who the richest musician in Nigeria in 2024 is.
We’ll be coming to this conclusion after using the available information in the public domain, such as endorsement deals, how much they charge per show, streaming records (video and audio), etc.
Currently, the biggest names in Nigerian music (in no particular order) are Wizkid, Davido, Burna Boy, Olamide, and Don Jazzy.
Other notable names include Mr Eazi, Flavour, Tiwa Savage, Tems, Yemi Alade, Phyno, Fireboy, Joeboy, Rema, CKay, etc
So if you’re curious like we are, sit back and keep reading.
Who is the Richest Musician in Nigeria in 2024?
Who is the richest musician in Nigeria is an interesting question synonymous with the biggest music stars in Nigeria. Who gets the most shows, endorsements, breaking streaming records, winning awards, etc.?
These questions inform our choices for the richest musicians in Nigeria. We’ll be listing the five richest musicians in Nigeria along with their net worth in ascending order.
A rapper, a singer, and more. He switches between Yoruba and English in his music and still manages to sound amazing in both.
He has been on the music scene in Nigeria for over a decade. He commands an impressive 4-7 million naira per show, and he’s one of the most sought-after in the country.
He has bagged several lucrative endorsement deals with some of the most notable brands in the country. Brands such as Globacom, Guinness, Etisalat, and many more.
With over eleven studio albums under his belt with hits for ages, he stands as the most prolific hitmaker in the country.
We believe his net worth should be in the region of $5 million by our estimates.
He stands as the most successful music producer in the country. A fan favourite, quite generous and humble. He’s been in the music business for a little over twenty years.
He started in London with the JJC and 419 squads, then moved on with Dbanj to start Mohit records which were quite successful before they parted ways.
He founded Mavin Records, which boasts of a variety of talented young musicians such as Rema, Arya, etc.
If anybody has got the music business figured out in Nigeria, that person is probably Don Jazzy. With several lucrative endorsement deals under his belt, it is safe to say he’s got the Midas touch.
He’s widely believed to be worth a conservative figure of $7 million.
This talented Grammy award-winning singer from Rivers state in southern Nigeria has been in the game for nearly a decade but got his big break in 2019 with hit singles such as Ye etc.
He is a bonafide member of the Big 3 (the three biggest music stars in Nigeria). He has performed on some of the biggest stages in the world, filled with fans screaming his name.
He’s got unbelievable numbers on various streaming platforms. He’s also got mouth-watering endorsement deals to his name.
He’s worth at least $8 million, by our estimate.
O.B.O, as he’s fondly called by his fans, is a titan in the Nigerian music industry. He’s got a large fanbase across several social media platforms.
He is quite generous too. He recently celebrated his birthday by raising over 500 million Naira for orphanages all over the country.
He has a fondness for luxury items such as jewellery, sports cars, etc. He’s also got mad streaming numbers across various streaming platforms.
He charges an average of 10-40 million naira per show, and he is in high demand. He also has some of the biggest endorsement deals in Africa as a whole.
He’s worth at least $15 million, by our estimate.
Wizkid tops our list of who is the richest musician in Nigeria in 2024. He’s got the largest fanbase in Nigeria and they’re called WizkidFC.
Wizkid had a phenomenal 2021, with triple sold-out shows in the o2 arena in London, to parked venues during his US tour to his single with Tems ‘Essence’ doing mad numbers across streaming platforms, dominating charts worldwide, etc.
He charges 15-60 million Naira per show.
He was once paid over 250 million Naira to perform at a private event in India. He’s got massive endorsement deals with some of the biggest brands in the world.
Our richest musician in Nigeria in 2024 is Wizkid, with a net worth of over $17 million.
We hope this list helped satisfy your question on who is the richest musician in Nigeria.