Top 10 Richest Musicians in Nigeria 2023: A Look into Their Wealth and Success

Top 10 Richest Musicians in Nigeria 2023: A Look into Their Wealth and Success

✅ Quick Summary

In this article, we will delve into the lives of the top 10 richest musicians in Nigeria in 2023, exploring their impressive fortunes and the factors that contributed to their financial success.

Nigeria’s music industry has witnessed remarkable growth over the years, with numerous talented artists emerging and making their mark on the global stage.

Alongside their creative prowess, many Nigerian musicians have also amassed significant wealth through their successful music careers, endorsements, and business ventures.

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RankMusiciansFull NameBirth yearNet Worth
1.wizkidAyodeji Ibrahim Balogun1990$30 Million
2.DavidoDavid Adedeji Adeleke1992$25 Million
3.Burna BoyDamini Ebunoluwa Ogulu1991$20 Million
4.Don JazzyMichael Collins Ajereh1982$18 Million
5.2BabaInnocent Ujah Idibia1975$16 Million
6.Olamide Olamide Adedeji1989$15 Million
7.Tiwa SavageTiwatope Savage-Balogun1980$14 Million
8.PhynoChibuzor Nelson Azubuike1986$12 Million
9.Yemi AladeYemi Eberechi Alade1989$10 Million
10.Mr. EaziOluwatosin Oluwole Ajibade1991$9 Million

10 Mr. Eazi


Oluwatosin Ajibade, popularly known as Mr. Eazi, has gained recognition for his distinct sound, which blends Ghanaian and Nigerian influences. His breakout hit “Skin Tight” catapulted him to fame, and he has since collaborated with both African and international artists.

09 Yemi Alade

The Top 10 Richest Musicians in Nigeria 2023: A Look into Their Wealth and Success

Yemi Alade, often referred to as the “Mama Africa,” is known for her energetic performances and powerful vocals. Her hit song “Johnny” became an international sensation, propelling her to stardom.

08 Phyno


Chibuzor Nelson Azubuike, better known as Phyno, is a talented rapper, singer, and producer. With his unique blend of Igbo and English lyrics, Phyno has carved a niche for himself in the Nigerian music industry.

07 Tiwa Savage


Tiwa Savage is not only one of Nigeria’s leading female musicians but also a songwriter and actress. Her soulful voice and captivating stage presence have garnered her a massive fan base, both in Nigeria and internationally.

06 Olamide


Olamide Adedeji, often called “Badoo” or “Olamide Baddo,” has made a significant impact on the Nigerian music scene with his unique style of indigenous rap. Known for his energetic performances and catchy hits.

05 2Baba


Innocent Ujah Idibia, popularly known as 2Baba (formerly 2face Idibia), has remained a prominent figure in the Nigerian music industry for over two decades. With numerous hit songs and successful albums, 2Baba’s wealth extends beyond music, as he has invested in real estate and other business ventures.

04 Don Jazzy


Don Jazzy, whose real name is Michael Collins Ajereh, is not only a renowned producer but also the founder of Mavin Records, one of Nigeria’s most successful record labels. Through his exceptional production skills and strategic business ventures, Don Jazzy has amassed an impressive net worth of $18 million.

03 Burna Boy


Burna Boy, also known as Damini Ebunoluwa Ogulu, has gained international acclaim for his unique fusion of Afrobeat, dancehall, and reggae music. His Grammy-winning album “Twice as Tall” propelled him to new heights, leading to sold-out shows and collaborations with global superstars. Burna Boy’s net worth of $20 million reflects his immense success in the music industry.

02 David

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Davido, born David Adedeji Adeleke, is not only a talented singer but also a successful entrepreneur. With hit songs like “Fall” and “If,” Davido has won numerous awards and sold out major venues across the globe. Apart from music, his wealth stems from his record label, DMW (Davido Music Worldwide), and various endorsement deals with top brands.

01 Wizkid


Wizkid, whose real name is Ayodeji Ibrahim Balogun, takes the top spot as the richest musician in Nigeria. He gained international recognition with his hit single “Ojuelegba” and has since collaborated with renowned artists like Drake and Beyoncé. Wizkid’s net worth is estimated at $30 million, thanks to his successful music sales, sold-out concerts, and lucrative endorsement deals.


The Nigerian music industry continues to produce immensely talented artists who not only dominate the airwaves but also accumulate substantial wealth. The top ten richest musicians in Nigeria in 2023, including Wizkid, Davido, Burna Boy, and others, have harnessed their talent, entrepreneurial spirit, and strategic partnerships to build their impressive fortunes. As the music industry evolves and new talents emerge, the financial success of these artists serves as an inspiration for aspiring musicians to pursue their dreams and carve their own path to success.

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Zainab Hashmi

I'm Zainab Hashmi, and I'm the Head Editor of I'm uncovering the world's wonders and presenting you with the most interesting top ten lists in many categories. I've been as a guest on various national radio and television networks.

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