Top 10 Richest Musicians in Nigeria 2018 & Net Worth(Recent List)

Nigerian musicians are making waves this new year in the music industry and much is being said regarding their wealth.

Apart from their songs, this popular artiste not only makes cool cash from their hit tracks but also from their shows, endorsement deals and investments.

We take a cursory look at the top (10) ten richest musicians in the country today this 2018 and their net worth, taking into cognizance how these artistes got featured on this list.

Top 10 Richest Musicians in Nigeria 2018 and their Net Worth

#1. Wizkid Net Worth $40 million

wizkid-picture

He is undoubtedly leading as the richest musician in Nigeria by wikipedia this year. Wizkid’s real name is Ayodeji Ibrahim Balogun was recently ranked by Forbes among the richest celebrities in Africa in 2017.

Wizkid is the founder and CEO of Starboy music record label. He is an award-winning act who is recognized not only in Nigeria but internationally. His hit songs continue to top the musical billboard chart and have recorded financial success in the musical industry.

Some of the endorsement deals which Wizkid signed that worth millions of Naira and helped him rack up enough wealth are: Being an ambassador for Pepsi, Globacom (top telecom company in Nigeria), MTN deal worth N40 million.

Wizkid has cars, mansions in various countries plus other investment, businesses and assets. He charges 5 million Naira per show and has an estimated net worth of $40 million according to Forbes.

#2. Davido Net Worth N10 Billion

davido

Richest African Musicians 2018

Davido is the second top richest musician in Nigeria at the moment. His real name is David Adedeji Adeleke. He took the music industry by storm producing interesting songs. He has won series of awards such as the Mobo award, and also emerging the best African Act for the year, beating a field of artists, including Wizkid to get the price.

He is often called OBO, but in 2018 he is known with the popular slang “30 Billion”. Davido recently concluded a 30 billion concert show in which saw the likes of other popular artiste and celebrities in attendance.

Let’s not forgot that Davido is the son of one of the wealthiest men in Nigeria, Deji Adeleke. He also owns his own record label which is worth billions of Naira. He is presently signed with world music giants SONY records, known to sign best musicians in the Nigerian music industry like Tiwa Savage, Tekno and Wizkid.

Davido is a rich celebrity who has mansions, cars and series of investments due to his background. He is also a director in his father’s company. As for his shows, he charges from N3 to N5 million per show. You hardly see him feature on adverts, so we can’t say if he has any endorsement deals. Davido’s net worth in Naira stands at an estimated N10 billion.

Davido recently bought a private jet which cost him N9.7billion. He also bought a N45 million car for his current girl friend, Chioma. Davido got an edorsement from infinix worthy over N350 million while Chioma got hers for N150 million too.

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#3. Don Jazzy Net Worth $35 million

don-jazzy

Don Jazzy, is Nigeria’s wealthiest record producer and CEO of Mavin Records. He co-founded Mo’ Hits Records in 2004 which saw the likes of super stars D’Banj, Wande coal etc excel under him. Under his new record label, he has produced a lot of songs and also talents in the Nigerian music industry. Among which the likes of Tiwa savage, Korede Bello, Reekado Banks e.t.c have prospered under.

Don Jazzy real name is Michael Collins Ajereh. He is reported to charge about N500,000 or more to produce a song which explains how he makes his money. He has signed various endorsement deals that worth millions of Naira.

Don Jazzy also lives in his own mansion and has numerous cars which explains his rich life-style. He is not yet married as of writing this post and his estimated financial worth is estimated at $35 million in dollars and about N8 billion in Naira.

#4. TuFace Net Worth $22 million

One of the best male singers in the country at the moment is 2face whose real name is Innocent Ujah Idibia. He was part of the defunct plantashun boiz and had been the richest musician in Nigeria and Africa for so many years before the likes of youngest artiste Davido and Wizkid ursuped his position.

The music legend has produced hit tracks which has sold internationally and has topped the charts. African Queen still remains his best song so far as it is still in vogue since its release. 2baba is married to Annie Idibia and has other women outside wedlock who have children for him.

Apart from being a singer-songwriter, record producer, investment wise, he is an entrepreneur. He also has endorsement deals with top organizations in the country which runs in millions. It is rumored that 2Baba charges about 2.5 million naira per show. His worth is said to at an estimated sum of $22 million which makes him one of the top ten richest musicians in Nigeria.

ALSO READ: Forbes List of Top Richest Artists in Nigeria 2018 & Net Worth

#5. Olamide Net Worth $6 million

olamide-best-rapper-in-nigeria

Olamide Adedeji known by his stage name Badhoo or Olamide is another wealthy Nigerian rapper and musician and the founder and CEO of popular music record label in Nigeria – YBNL Nation. As for this 2018, he is known to be the richest Nigerian rapper.

Apart from making money through his music which have he sold over 40 million copies worldwide. He makes most of his cash from his collaborations with other musicians and his record label signees and event organization. Olamide is also a brand ambassador and a businessman who has invested heavily in Lagos state.

Olamide signed an endorsement deal with Ciroc worth N30Million. Other deals that he signed include being a brand ambassadors for Guinness worth N80Million, Etisalat deal worth around N50Million which has since being renewed with an additional N30 million Naira.

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It is said that Olamide net worth in dollars in $6 million as of 2017 but his current financial status shows that he is more than that figure. Apart from the two filling stations and landed properties he has around the country, Olamide charges between N2 million to N4 million per show.

#6. Phyno Net Worth $5 million

phyno-net-worth-biography

top ten richest musician in Nigeria 2018

The sixth richest Nigerian musician in the country is no other person than Phyno. His real name is Azubuike Nelson Chibuzor. He is the current second best rapper in the country who raps and sings in Igbo and English language fluently.

Apart from winning series of awards, Phyno has made a name for himself in the music industry as a top artiste and celebrity. He is built a brand for himself through his songs which sets him apart from other rappers. Phyno rich life style can be seen in his assets and financial worth.

Just like Olamide, Phyno also invested his wealth into fashion, real estate, etc. It is said that the duo can’t be matched in what they do as they have taken the entertainment market by storm by the way they perform on stage. Phyno charges about N2 to 3 million Naira for shows and his net worth is estimated to be $5 million.

#7. P-Square Net Worth $10 million

p-square

P-Square are still ranked one of the richest musicians in the country this 2018 even if they split. For those who don’t know about them, here is a brief profile on Nigeria’s most celebrated twins who took the Nigerian music industry to another level since their emergence.

Peter Okoye and Paul Okoye are twin brothers who sang and danced together from the onset before Paul decided to stop dancing and concentrate more on singing. Peter on the other hand choose to do both. They produced and released their albums through Square Records which was managed by their elder brother, Jude Engees.

It was until recently that they both split after some internal family issues and divided their properties among themselves which led to the dissolution of P-square to the abasement of their fans. While they were together, they signed a record deal with Akon’s Konvict Muzik label.

It was said that P-Square charges a whopping N8 Million Naira per show. There was once a time they were first on the list. They made real cash and won series of awards. Forbes ranked them among the ten richest musician in a in 2014, 2015, and 2016 as the richest twins in Africa.

Apart from singing and dancing at shows, they have other investments which are not made public. It is rumored that both brothers have about 7 cars between them, mansions and even landed properties around the country and were worth about $40 million when they were together which made these richest Nigerian musicians plus other endorsements benefits.

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This year, Tuface is richer musician than P-square. But, P-square are richer than D’banj even though they split.

#8. Timaya Net Worth N7 Billion

His names are Inetimi Alfred Odon is called by his stage name, Timaya. He is a Nigerian singer and songwriter and owns a record label called the South South hip hop group, Dem Mama Soldiers.

Timaya began his career in 2005 and has since became one of the most respected artiste in the entertainment industry. His second album Gift and Grace was released in 2008 which sold about 10 million copies in Africa.

We know that he should have investments even though its not listed as his net worth in Naira is estimated at N7 billion. For the record, Wizkid and Tuface are richer musicians than Timaya.

#9. Flavour Net Worth N3 Billion

Chinedu Okoli better known by his stage name Flavour N’abania is a Nigerian singer, songwriter, multi-instrumentalist and performer.

He started his musical career as a drummer for a local church in Enugu State. He also is a popular musician in Nigeria. The singer is valued at an estimated net worth of N2.5 Billion Naira. He has many investments in the south eastern part of Nigeria.

Flavour is not yet married but has children by different women, who are regarded as his baby mama’s. This richest musician in the country is also a model due to his physique.

#10. D’banj Net Worth $3 million

D’banj real name is Oladapo Daniel Oyebanjo, but he is known by his stage name D’banj. He is another richest Nigerian musician who has made wealth from his musical career and other investments. He has also signed top endorsement deals which have fetched him money in recent years.

He was formerly a co-founder of MO’ Hits record label with Don Jazzy before their split up. As a singer-songwriter, entrepreneur and television personality, Dapo has evolved into an international act.

Although he is not as pronounced as he was before, he managed to make it to our list of richest Nigerian musicians in the country for 2018.

He is valued at $3 million recently which makes him one of the richest musician in Nigeria 2018 according to Wikipedia sources.

Video of Top 10 Richest Musician In Nigeria 2018 Wikipedia and their net worth

What are your thoughts on our Forbes top 10 richest musician in Nigeria? Use the comment section to air your thoughts.

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Top 10 Richest Musicians in Nigeria 2018 & Net Worth(Recent List)
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Top 10 Richest Musicians in Nigeria 2018 & Net Worth(Recent List)
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The Author

Chizoba

I am simply known as Ikenwa Chizoba. A Nigerian seasoned blogger and the Assistant admin of Nigerian Infopedia. I write for one of the most outstanding Newspapers in Nigeria. A very simple person who loves writing, reading and research. "Talents comes from God alone"

54 Comments

Add a Comment
  1. joelblessing

    hw come wizkid came first diz year ??
    diz iz shock___p-square av fall 2 #7th position

    1. Wizkid was ranked first by Forbes this 2018 as the Richest musician in nigeria at the moment because of his wealth, his music sales which sells internationally and endorsement deals. Since Psquare split, it became difficult as it was when they were together that their wealth surpassed that of wizkid

    2. itz oscar j billions

      i wonder davido is suppose to be the first because he is been featured back to back.davido is my boss and mentor one day i will be like him.

      1. Philip Samuel

        Smiles.. I see.

  2. oduyemi michael

    Hw it wizkid, this suppose to be p.square why wizkid this year this is terrible send this to your fans guys

  3. oduyemi michael

    Guys who get the biggest endorsement this year among wizkid, p.square davido and don.jassy

  4. Omogbai. Desmond

    Am so surprise this was mention by WizKid,were there are people Like Davido,p-square,don jazzy.it is well, nevertheless it your luck Brother I wish you safety in the 2018…..
    But this money you people are using to buy only one champagne ALEXANDER AMUSU which cost #290million,for only one bottle is very bad,wen guys da street day suffer, Brother shell this money for the poor Thanksgiving will never stop in your household oh…u na wan still da like our politician oh

    1. mrbiggdaddy

      what u guys dont know is,Wizkid is a huzzler meanwhile for davido he started from his father’s wealth so there is a big difference between the two of them.

  5. Omogbai. Desmond

    Am so surprise this was mention by WizKid,were there are people Like Davido,p-square,don jazzy.it is well, nevertheless it your luck Brother I wish you safety in this 2018…..
    But this money you people are using to buy only one champagne ALEXANDER AMUSU which cost #290million,for only one bottle is very bad,wen guys da street day suffer, Brother shell this money for the poor Thanksgiving will never stop in your household oh…u na wan still da like our politician oh..PAUL OKOYE,WizKid, DON JAZZY,all those people buy this drink 290million.. Don jazzy buy am go drink am for his bedroom….

  6. economia

    Wizkid name being the first make my day, though my respect for 2face Idibia

    I will like to check back to read review “FLORA MY LOAWA” by Davido

    1. lucky

      wizkid deserved it he is the best

  7. Rocket

    GOOD

  8. elijah

    Well, I don’t dispute the that wizkid is first on the list this year, but what is baffle me is that, how and why wizkid made it to first on the list

  9. Young infinx

    1)young infinix
    2)wizkid
    3)davido
    4)tuface
    5)olamide
    6)phyno
    2018 latest forbes update

  10. toms rubell

    i love all musicians

    1. That’s good to know

  11. This is not correct

  12. Skiido

    Were is psquare and don jazzy……I can’t believe this

  13. Asogwa ozoemela

    davido is 10000% richer than wizkid, so how come? no no no no i need an answer please

    1. Jack Joseph

      yeah! davido bought N9.7billion private gate, if they combine with it. wizkid is till a kid… read it well again.

      1. SEGUN Sunday

        Why you are geliours of wizkid? Wizkid is number one he is the best God bless you more wizkid

  14. Ebuka

    This is wack. Lmao. Davido is one of the most endorsed celebrity in Africa and u say u can’t tell if he has any endorsement?? Omo go and do your maths before u post rubbish. Lol

  15. God'stime Richard

    Nice research keep it up.But though Wizkid and Olamide surprised me,they came up in the list

  16. nice one. special shout out to star boy team.
    watch out for #KS2 FT WIZKID
    coming very soon.
    #KS2 the next big thing in Africa.

  17. Olasneh

    Wow WizKids and davido are realy growing faster dats good ,the more they come closed the more they go

  18. ClintonCEO

    These Ratings is not correct and can never be correct (NOT IN NIGERIA).
    Forbes List:
    Wizkid
    Davido
    Donjazzy
    Rudeboy & Mr P (Psqure after their split)
    Olamide
    Tuface
    Timaya
    Dbanj
    Flavor
    Phyno
    ……………………………………

    Even this list by Forbes no correct cos d truth b say nobody gho fit audit naija artiste account, its not like the US where things are a bit more transparent, no artiste gho ever declare asset, the figure are speculated.

    DBanj recently bought a house worth almost 2 million dollars, you think he’s worth 3 million dollars? very funny!!!

    Bro, even Wizkid in one of his recent interview had stated that “most of these figures are overestimated, but the people can believe what they want to believe”.

    Nobody knows what these artiste are really worth, you will be shocked that even an artiste like Pepenazzi has an Estate worth about 4 million dollar in Ogun State #facts.

    So how u wan take know how much dem get?

    1. Kanni ladel

      The wisest comment av ever seen on here. Even Forbes always reminds people that they are not exact. They base their ratings on what they know but not everyone is ready to declare their assets

    2. Stream and Download Music

      Nice one brother…. my thought as well, this is Nigeria, there is no way Wizkid will ever allow these guys to go through his account or all his assets to know the worth and all that… purely! this is overrated

  19. Clark

    Dis first position., is meant to be even be 4 davido…! y wizkid.

    1. It is because Wizkid was rated as Nigeria’s richest musician 2018 by Forbes

  20. danny wyane

    wizkid u wont last long..so just enjoy it now or neva, because DAVIDO is just at d corner.

  21. Ikechukwu

    Davido is way richer than wizkid honestly. Look at his 40 million car for his girlfriend chai

    1. IK FLYER

      Mugu do u have the clear proof of that car and wetin be 40 millions naira for where Don Wizkid dey abeg my guy pack well o

  22. Newsy basil

    I was thinking that the first should be davido because he have really tried in music industry in order to bring other peoples up with his money
    In fact is davido that’s all for now

  23. Chimmyboy

    am proud of wizkid

  24. Holluwahdare

    I love that and leave it in that wayzzzzz

  25. Davido is 2nd richest in Africa, youngest Nigeria to own a Private Jet worthy of 9.7billion also recently bought 45million car for just girl friend, got an edorsement from infinix worthy over 350million chioma got 150million too..

  26. Ikwe emmanuel

    Wizkid is the best in nigerian and he deserve it, am proud of him,wizywizoo i love u bro.

  27. Llord_Salvador

    wizkid shud av bn in d 11th positive if not for the way he changes upcoming artists and other people wu wants to feature him,davido av been helpin people without collect any penny so please u guys shud re do ur reaseach abeg.

  28. IK FLYER

    I GO DIE FOR WIZKID MATTER DON’T FUCK WITH MY STAR BOSS RICH BOSS LIKE THAT.

  29. Samozilo Bright

    God bless Nigeria musicians most especially to my top 5 richest artist.. work harder

  30. Christopher

    I love Wizkid, he deserve it!!!

  31. Sophia

    I was having serious relationship problems with my boyfriend and it had resulted in him moving out to his friend’s apartment. Everything got worse because he started going to bars and strip clubs frequently with his friend, getting drunk and passing out. He always threatens me on phone whenever I call him because of all the bad advises that his friend has given him. I really love him and
    we had been dating for 6 years which gave us a beautiful daughter. I had also lost a lot of money on therapists until I was introduced to Dr. Okaya by a friend whom he helped to marry her childhood boyfriend; this gave me total confidence and strength to get him back. I did all he asked and after 48hours my boyfriend called me and rushed back home, things just changed between us emotionally. He has a job and stopped drinking and keeping irrelevant friends. It’s a miracle I never believed was possible because I had lost all hope until I found Dr.Okaya. So that’s why I promised to share my testimony all over the universe. All thanks goes to Dr.Okaya for the excessive work that he has done for me. Below is the email address in situation you are undergoing a heart break, and I assure you that as he has done mine for me, he will definitely help you too.

  32. Wonderful Jonathan

    Tnx God 4 Timaya,2baba,p squar&Dbanj they ar d best,they know wat nigerians like & follow d trend of music,guy jst listen 2 there old & current song u’ll feel them i luv all 9ja musicians.

  33. Charles Brown

    Life Is A Game Never Settle For Less.Congrats For The Champions

  34. Barito udia, Aka Boss B

    Good morning guys, Davido I love him and I also love wizkid because two of their star,, the best singer in nigeria why I love davido because he help others he bring them up young talent in Nigeria that is why I love him,,,, for whiskey that one na baba yaba by sars them say them bad but I swear they do nothing plenty man shall fall that day if you cross my lane all your man shall fall that day if you cross my lane or wizkid back to the matter hey brothers then come up spend money to your brothers spend your money to your sisters

  35. Barito udia, Aka Boss B

    My Boss Davido abeg if you can help me I can sing I can dance but no one picked me up if you can bring me up boss you’ll always be boss thank you Boss

  36. William Angela

    it is not suppose to be wizkid,its supposed to be DAVIDO(Omo baba olowo)

  37. mavisco white

    I was even suprised phyno was there

  38. Lucky Nicholas paul

    This list is not properly arrange I expect P SQUARE to be in first position despite of their dispute. but the most funnest thing is phyno I don’t expect that well….. … am happy with psquare for their reconciled am really happy.. God bless psquare am klesh your fans I love your music die

  39. Shedrach

    nonsense list…psquare still remain the richest …who born them wizkid

  40. tosin

    My name is Tsaint. My own opinion on this matter is that the source is real.

  41. Don9ja

    This list no arrange well davido na 10billion na him suppose dey first the rest na million dem worth

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