Top 10 Richest Artistes in Nigeria 2020 See Latest Update : Current School News

Top 10 Richest Artistes in Nigeria 2020 See Latest Update

Filed in Articles by on October 21, 2020

Top 10 Richest Artistes in Nigeria 2020 See Latest Update.

Top 10 Richest Artistes in Nigeria 2020: The music industry is not a child’s play; many have ventured into it and have stood out making names and money as well.

So far, celebrities have been rated on basics of their net worth, and in this article, I’ll be revealing the richest musicians in Nigeria currently in their descending order and their net worth.

1. Wizkid: 


Net Worth: $20,000,000

Star boy as fondly called by fans across the world is a Yoruba boy known for his good looks and succulent lips that adds to his charms and elegance.

Ayodeji Ibrahim Balogun came into the limelight following the release of his track Holla at your boy the then-newcomer was signed to Empire Mates Entertainment, a record label owned by Banky Wellington but today, the young artiste, songwriter, endorser, and CEO of Starboy record label is a musical icon who has sung alongside American artists like Chris Brown, Drake, Nick Minaj and a lot of them and is at an estimated net worth of 4 billion.

He also released three mega-successful albums, as well as one compilation album, and even recorded a hit song “One Dance” with famous music performer Drake.

This song appeared in Guinness World Records. Therefore, Wizkid became the first Afrobeat musician whose name was included in this book.

He also has a lot of endorsement deals with such companies as Glo and Pepsi. Due to all mentioned above, Wizkid managed to earn his crazy N20 billion and buy two houses in Nigeria and the US along with Porsche Panamera, Mercedez Benz, and BMW X6.

2. Davido


Net Worth: $19,000,000

The leader of the 30 Billion Gang, Davido is no doubt, the richest musician in Nigeria. David Adeleke (real name of the musician) songs gather a crazy number of views on YouTube, and he has a lot of endorsement deals with such companies as AXE and Infinix Mobility.

He was born on November 21st, 1992 in Atlanta, the United States, but his family is Nigerian. This extremely popular young singer and entertainer managed to earn impressive N20 billion!

After the release of his debut record “Omo Baba Olowo” which featured some hit singles, Davido gained prominence in Nigeria and Africa.

Since then, he has released countless singles which brought him popularity, money, and international recognition.

3. Don-Jazzy:

don jazzy


Net Worth: $18,500,000

When you talk of the boss, you think Don Jazzy. The Dorobucci producer/co-singer and Marvins record label CEO Michael Collins Ajereh is an entitled song producer, songwriter, and entrepreneur who began his musical career at age 12.

His first arrival at London was courtesy of his uncle who invited him to play drums for their local church and after the incident, he decided to stay securing a job at McDonald’s as a security guard.

Even at that, his love for music did not die as he collaborated with Solek, JJC, Kas, The 419 Squad, and D’banj learning music producing skills from Emeka Infiniti at O-Town record company.

In 2004, in collaboration with D’banj, he found Mo Hits Record and subsequently in 2012, he announced the formation of Marvins Record Label and his net worth is at an estimated 14 billion, owing to a mansion worth 160 million in Lekki, Lagos and is rated as the 39th most powerful celebrity in Africa.

4. Burna Boy:

Burna Boy

Net Worth: $17,000,000

Burna boy is an entertainer who enjoyed much success in the Nigerian music industry. His real name is Damini Ebunoluwa Ogulu and he is a Nigerian singer and songwriter. He became popular in 2012 after releasing “Like to Party”, the lead single from his debut studio album L.I.F.E (2013).

In 2017, Burna Boy signed with music label Bad Habit/Atlantic Records in the United States and Warner Music Group internationally. It was his third studio album Outside (2018) that marked his major-label debut.  Burna boy is also an award-winning Nigerian artiste.

In 2019, he won Best International Act at the 2019 BET Awards. We know that Burna Boy is among the richest entertainers in the country. His songs are popular with record sales not only within the country but internationally.

No wonder he is featured in Forbes’s top richest artist in the country. Presently, Burna boy has many endorsement deals, one with STAR beer, which worth millions of Naira. He has other investments, cars, and even
landed properties. Burna boy’s net worth as estimated by Forbes is $17 million.

5. 2Baba:


Net Worth: $16,000,000

2face is another popular Nigerian singer whose net worth is estimated by Forbes to be $16 million. There was a time Tuface was regarded as the richest Nigerian musician beating the likes of Psquare, Don jazzy, etc to such feat.

He was formerly under the defunct Plantashun Boiz where he, along with his friends, Face, and Black Face belonged. Tuface’s real name is Innocent Idibia and he was born in Jos.

One of his most popular hit tracks, ‘African Queen’ which sold millions of copies worldwide has topped the music charts and has won him several awards in Nigeria and on the international scene.

From the MTV Award, Channel O Music Video Award, BET Award, MOBO Award, and best musician of the year among others.
Over the years, 2Face has raked up enough fame and wealth that he is regarded by many to be a veteran in the entertainment industry.

Tubaba is got married to Annie Idibia in 2012. He has 7 other children with other women apart from Annie. Presently, 2Face Idibia’s financial worth is estimated at $16 million aside from his endorsement deals in which he is an ambassador with Glo, Italian liqueur brand, Campari, and Partner Mobile. He also owns a top record label named Hypertech media

6. Olamide:


Net Worth: $12,000,000

Olamide Adedeji aka Badoo is a popular artiste with a financial networth estimated at $12 million. He is also the best Yoruba rapper in Nigeria and has released about seven albums to date. Some of his albums include Rhapsodi (2011), YBNL (2012), Baddest Guy Ever Liveth (2013), Street OT (2014), Eyan Mayweather (2015), and The Glory which was released in 2016.

When it comes to popularity, Olamide ranks among the most popular celebrities in the country. He has featured in so many songs with other hip hop artistes.

Apart from the success recorded in his music sales, Olamide is a businessman who has made his wealth through investments and endorsement deals.

He is also the founder and CEO of YBNL, one of the best record labels in the country.
Normally, you see Olamide and Phyno collaborating, especially to produce songs together.

What most Nigerians don’t know is that both phyno and Olamide are best of friends. This top rapper also knows how to enjoy his wealth as he lives in his mansion and has lots of cars.

As Olamide grew in popularity, so does his money. Apart from the landed properties, investments and assets he owns, Badoo has several multimillion naira endorsements contracts with top brands like Guinness, Monster drink, Glo and Etisalat. Recently, Sterling bank made him a brand ambassador for an undisclosed fee

7. Phyno:


Net Worth: $11,000,000

Phyno fino is an Igbo rapper, singer, songwriter, and record producer whose real name is Chibuzor Nelson Azubuike. He is a talented artist whose net worth stands at $11 million. He is among the best 5 fastest rappers in the country and is currently doing well.
Phyno began rapping in 2010 using the Igbo dialect before he entered Lagos and joined Olamide to further his career. Just like Olamide, Phyno has aken music to the next level.

He has featured so many other artists such as Timaya, Flavour, M.I, etc in his songs. At present, he is also a brand ambassador of Nairabet, GLO which runs into millions of Naira.


Net Worth: $10,500,000

Timaya is an outstanding Nigerian musician with a net worth that stands at $10.5 million. The story of Timaya rising from grass to grace should serve as an inspiration to all that you can achieve your dream in life no matter what the obstacle is.

The entertainer is now the owner of a top record label, Dem Mama Records, and has signed some prominent young acts into his label.

When Timaya released his first solo album in 2005, ‘Dem Mama’, the album which was more of his story made waves in the market and he sold more than a million copies then. On YouTube also, most of Timaya’s song has up to 50 million views



Net Worth: $10,000,000

Psquare, both were featured on Forbes top ten richest musicians in Nigeria 2019 with an estimated net worth of $10 million. Their musical career began in Jos when they were into break dancing and singing.

The Duo was so popular that their fame spread throughout Africa and even on the international stage, they were recognized.

So was the story of their wealthy lifestyle that they bought a multi-million mansion at Lekki, cars, signed multiple endorsement deals and won series of musical awards ranging from best dancers of the year, MTV awards, MOBO Awards, KORA Awards, the Headies, etc.

Unfortunately, they separated and went solo which slightly affected their ranking on this rich-list and saw the likes of Wizkid, Tuface and Davido usurp their position.According to Google search, Psquare has released 7 albums till date which include:

Game Over (2007)
The Invasion (2011)
Double Trouble (2014)
Last Nite (2003)
Get Squared (2005)
Danger (2009)
Ejeajo (2014)

Aside from these albums, Psquare songs which are popular hits include E no easy, Beautiful Onyinye, Chop my money, Personally, Danger, Ejeajo, Bring it on, Busy Body, Do Me, etc.
When the twins were still together, performing on a stage made them nothing less than N15 million per show. Now Peter Okoye is now called Mr. P while Paul is known as Rudeboy. Does the debate still continue between Mr. P and Rudeboy who is richer?

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Net Worth: $9,500,000

Chinedu Okoli aka Flavour N’abania is another entertainer whose stardom and wealth have been made through his interesting songs.

He started from childhood as a drummer in his church has grown to become one of the most popular entertainers in the country. Flavour is also a model because of his well-built body.

His hit song Ada Ada was nominated In 2014 to be among the award-winning best video of the year at the MTV Africa Music Awards.

What made Flavour join the 10 richest Nigerian musicians is the numerous endorsement deals he has worth millions of naira. He is currently worth an estimated $9.5 million. All Flavour’s album since 2010 include: N’abania
Thankful and
Ijele the traveler

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CSN Team.


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