30 Richest Musicians in Nigeria 2022

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Here is the list of top 30 richest Musicians in Nigeria 2022

1. Davido

David Adeleke, known by the name ‘Davido,’ is from Osun State, Nigeria. Davido will be the wealthiest Nigerian musician in 2022. The musician comes from a wealthy family, and he was born in Atlanta, United States. Davido rose to fame with his song “Omo Baba Plowo,” which featured traditional Nigerian dancers. So far, he has won numerous awards, including BET Award, Kora Awards, and Soul Train Awards. Davido owns a record label and recently got signed to SONY records. The star drive-in porch cars have an estimated wealth of $27 million.

2. Wizkid

Ayodeji Ibrahim Balogun, known by the stage name ‘Davido,’ ranks second richest in Nigeria 2022. The artist comes from Lagos State, Nigeria. He is the CEO of Starboy Music which houses a majority of Nigerian musicians. Wizkid has won numerous awards and ambassador roles, which has increased his revenue. Besides, Wizkid’s songs have earned him multiple Grammy Awards. The artist’s vehicles, mansion, and assets have seen his wealth hitting $25 million.

3. Don Jazzy

Micheal Collins Ajereh is a producer and singer popularly recognized by his stage name ‘Don Jazzy’ and is among the wealthiest artists in Nigeria. Don Jazzy is from Delta State, Nigeria, and MAVIN music production’s current CEO. The studio has signed numerous musicians such as Iyanya, Koredo Bello, and Tiwa Savage. Don Jazzy has numerous mansions and drives in luxurious cars. The musician’s wealth is estimated at $20.8 million.

4. Burna Boy

Damini Ebunoluwa Ogulu, known by the stage name ‘Burna Boy,’ is a man of many talents. This includes dancing, singing, rapping and being a songwriter. He has wealth in Nigeria and the U.S, and the coronavirus period saw him win the Grammy Award for his music album ‘Twice as Tall.’ In addition, Burna founded the Spaceship Record label and received advertisement programs, which has increased his market revenue. Burna Boy has a net worth of $17 million.

5. D’banj

Oladapo Daniel Oyebanjo goes by the stage name ‘D’banj,’ is a Nigerian businessman, rapper and singer. He is a co-founder of ‘Mo’ hits’ music production, generating massive income. Before joining music, D’banj was in the military, which explains his physicality and legendary dancing moves. The artists received 29 music awards, including Best International Act (Africa) and African Artist of the year. D’banj has a net worth of $16.7 million.

6. 2Baba

Innocent Uja Idibia, who goes by ‘2Baba’, was born in Jos, Nigeria. He is a legendary record producer, songwriter, singer and musician. 2Baba has an emotional and soothing voice, which perfectly suits his hip-hop music genre. He has appeared in numerous advertisements and international collabo, earning him a high income. 2Baba has won multiple awards such as Best African Act Album and MTV Europe. His current wealth is estimated at $16.5 million.

7. Mr. P

Peter Okoye has his stage name as ‘Mr. P’ is among the wealthiest musicians and was born in Anambra State. The year 2007 saw Peter producing songs with his brother Paul. Both artists’ music album ‘Game Over’ gained top recognition locally and internationally. The wealth combination makes Mr. P rank among the wealthiest musicians. Initially, the twin wealth combination made them top the rich least. Currently, Mr. P receives record sales and endorsement deals. He loves living a lavish life and drives inexpensive cars, and his net worth is $16 million.

8. Rudeboy

Paul Okoye, who goes by ‘Rudeboy,’ was born in Anambra, Nigeria. Rudeboy is a producer, songwriter, and singer. In 2019, he produced a song, ‘Reason with me,’ which drew local and international attention. The musician is 40-year-old, and he has a vast knowledge of the music industry, which enables him to stand top. Rudeboy majors in dancehall reggae, afrobeat, hip hop, and R&B music genre. He has a net worth of $15.4 million.

9. Timaya

Interim Alfred Odon is known by his fans as ‘Timaya,’ residing in Bayelsa, Nigeria. He has taken 17 years in the music industry, displaying discipline and consistency. Timaya is a singer and a songwriter who founded D.M. Records. He has earned numerous awards, including NEA Award, Nigeria Music Award, and 2 AFRIMMA Awards. His music genre is afrobeat, hip hop, ragga, and dancehall. Timaya’s net worth is $13 million.

10. Banky W

Oluwabankole Wellington goes by ‘Banky W,’ from Lagos, Nigeria. He has a record label called ‘Empire Mates Entertainment’ where he is the CEO. Banky W is an admired singer, and he has used his record label for nature talents. He has earned ambassadorial roles with gMobile and Samsung mobile, earning him colossal income. Bank W is admired for its handsome look and dress code. The artist has a net worth of $9.9 million.

11. Olamide

Olamide Adedji uses the name ‘Olamide’ and resides in Lagos, Nigeria. He is a hip-hop artist who records both English and Yoruba songs. Olamide is the founder and CEO of YBNL and has natural young talent in the industry. He is both a rapper and musician, and this has seen him rock in the Nigerian music industry. Many of his fans recognize him for the local music content and determination in music production. The artist is currently net worth $8.8 million.

12. Flavour

Chinedu Okoli goes by ‘Flavour,’ resides in Anambra, Nigeria. He gained public recognition by producing ‘Nwa Baby’ in 2005, which attracted global dancehall fans. The musician has earned several awards such as Best collaboration in AFRIMMA and the most gifted Afro Pop in Channel O. Besides, his music stage name ‘Flavour’ depicts a highlife and good music production to the fans. The musician’s net worth stands at $8.5 million.

13. Tiwa Savage

Tiwatope Savage Balogun, who goes by the stage name ‘Tiwa Savage’, is from Lagos, Nigerian. She blends her music with acting, and her beauty has drawn the world’s attention. Tiwa Savage has participated in numerous collaborations with both local and international artists. For instance, she collaborated with Lavalava to produce the ‘Sexy Mana’ song, which has a higher view on YouTube, and this is her primary source of earning. Tiwa Savage has a net worth of $7 million.

14. M.I

Jude Abaga, who is popularly known by his fans as ‘Jude M.I, resides in Taraba, Nigeria. He is a record producer and rapper who rose to fame in 2006. The artist shares with the Chocolate City records despite his numerous music collections, which have local and international influence. Jude M.I runs a music production label ‘Rytchus Era’ with natural young talents. The musician has received 22 nominations and 18 global awards. He has a net worth of $2.4 million.

15. Tekno

Augustine Miles Kelechi uses the stage name ‘Tecno’ and resides in Ebonyi, Nigeria. The musicians are regarded as talented since he has good vocals and can play the keyboard. Musician and songwriter Billie Eilish is a strong admirer of techno songs, and this has made him receive local and international recognition. His songs are of Afrobeats hip hop R&B. Tecno has a net worth of $2.18 million.

16. KCee

Kingsley Chinweike Okonkwo popularly known as ‘Kcee’ resides in Anambra, Nigeria. Kcee 2013 won the year’s song with his ‘Limpopo’ song. His ‘takeover’ music caused him to receive the Hip Hop World Revelation of the Year. Kcee has many subscribers and viewers on his social platform, which has played a vital role in his wealth creation. After signing a record deal with Five Star Music production, his wealth has significantly increased. Kcee’s net worth is $1.74 million.

17. Phyno

Chibuzor Nelson Azubuike stage name ‘Phyno’ lives in Anambra, Nigeria. Phyno is a record producer-songwriter. Singer, actor, and rapper. Phyno also raps in Igbo, enabling him to gain a local and international audience. He participated in the ‘Lionheart’ movie playing a prominent role actor. The movie promoted his ‘Obiagu’ song, which featured most of the acts. He has received numerous awards, including the Best Rap Single award at The Headies. He has a net worth of $1,6 million.

18. Iyanya

Iyanya Onoyom Mbuk’s stage name is ‘Iyanya,’ and he resides in Cross River State, Nigeria. He is an Afropop singer who came into the public limelight after winning Project Fame West Africa. His song ‘Kukere’ has received many viewers and subscriptions. Besides, he lives a lavish life and loves porch cars. Iyanya is the ‘Made Men Music Group’ co-founder, which has played a vital role in his revenue generation. Iyanya has a net worth of $1.5 million.

19. Yemi Alade

Yemi Eberechi Alade is popularly known by his fans as ‘Yemi Alade’ and resides in Ondo state, Nigeria. She is an activist, actress, songwriter, and writer who gained popularity in the 2009 Peak Talent Show. She ranks second among the richest female musicians in Nigeria after Tiwa Savage. Tiwa’s song ‘Johnny’ is popular, which saw her rise into the ranks of fame. Yemi Alade is the CEO of Universal Music Group. She has a net worth of $1.4 million.

20. Duncan Mighty

Duncan Wene Mighty Okechukwu is known by the stage name ‘Duncan Mighty’ and resides in River State, Nigeria. He produced the ‘Obianuju’ song, which has gained numerous views on the internet. Duncan Mighty has received the Nigerian Entertainment Award for Trailblazer. He is the CEO of Young Wealth Record, which has signed multiple artists. Just as his name suggested, he is of highlife. He has a net worth of $1.3 million.

21. Asa

Bukola Ememide, a stage name ‘Asa,’ is a Nigerian recording artist and singer. Asa is a talented artist who can operate trumpet, guitar, and vocals. The year 2008 saw her win the French Constantin Award, which increased her international fan base. She is known for her songs such as ‘Jailer’ and ‘Eyé Adaba,’ a mixture of French and English. Asa has a net worth of $1.3 million.

22. Chidinma Ekile

Chidinma Ekile stage name is ‘chidinma,’ and she resides in Imo State, Nigeria. She is a songwriter and a gospel singer who has flourished with her beauty. The year 2010 saw the singer gaining recognition in the music industry. She won the third Project Fame West Africa with her metallic voice and channing beauty. Chidinma has joined the gospel industry through the Eezee Conceptz label. Her net worth currently stands at $1.25 million. Chidinma has a net worth of $1.25.

23. Ice Prince

Panshak Henry Zamani’s stage name is ‘Ice Prince’ and resides in Plateau State, Nigeria. He is both an actor and singer. Ice Prince gained public recognition through his song ‘Oleku’ and won the 2009 Hennessy Artistry Club Tour. Ice Prince has won numerous awards, such as BET Awards Best International Act. He is the Vice president of Chocolate City music production and has large shares with the recording label. Ice Prince has a net worth of $1.25 million.

24. Patoranking

Patrick Nnaemeka Okorie, better known as ‘Patoranking, ‘ lives in Ebonyi state, Nigeria. He is the CEO of V.P. Records, which has registered numerous artists. Patoranking is vocal in the music industry and community services. This has earned him multiple ambassador roles internationally. Also, Patoranking is a renowned songwriter who has won numerous awards. He has a net worth of $1.11 million.

25. Wande Coal

Oluwatobi Wande Ojosipe is known by the stage name ‘Wande Coal,’ He lives in Lagos State. Nigeria. He is a talented songwriter and singer and has a vast social media following. Wande Coal has been active in the music industry, earning numerous ambassador roles. His music also has a million views, which directly impacts his earnings. Wande Coal has a net worth of $1.10 million.

26. Reminisce

Remilekun Khalid Safaru has ‘Reminisce’ and resides in Ogun state. Nigeria. He is an actor, songwriter, rapper, and singer who has gained fans through his songs. He has received the Headies Awards for Best Collabo for his great hits. Reminisce is also the brand ambassador of Samsung phones, earning him more revenue. Reminisce has a net worth of $1.10 million.

27. 9ice

Alexander Abolore Adegbola Akande is known by the stage name ‘9ice’, and resides in Oyo State, Nigeria. He has gained local popularity with his Yoruba dialect. He has received numerous music awards, including Best African hip-hop artist, in the MTV Africa Music Award. He produced songs such as Aso (2008) and Traditional (2009), gaining an international fan base. 9ice has an estimated net worth of $1.08 million.

28. Harrysong

Harrison Tare Okiri is popularly known as ‘Harrysong’ by his fans. He is an instrumentalist, songwriter, and songwriter in Delts State, Nigeria. 2013 saw Harrysong receive world recognition after producing Mandela’s tribute song. The song received ‘Most Downloaded Callertune Awards,’ generating more revenue for Harrysong. He has a net worth of $1 million.

29. Runtown

Douglas Jack Agu uses the stage name ‘Runtown’ and resides in Enugu State, Nigeria. Runtown is a producer, songwriter and singer who displays exceptional vocals. His music genres are reggae, hip hop, Afro-fusion, and R&B. The year 2016 saw him win the MTV Africa Music Award for the Song of the Year. He is the CEO of Soundgod Music Group, where he has gained huge revenue. Runtown has a net worth of $1.5 million.

30. Falz

Folarin Falana’s stage name is ‘Falz,’ and resides in Lagos State, Nigeria. He is an actor, songwriter, and rapper. He has collaborated many of his songs with Simi, which have tremendous YouTube views. Besides, he has received numerous awards, such as The Headies Award for Album of the Year. He has a net worth of $1 million