Richest Musicians in Nigeria (2026 Estimates)

Richest Musicians in Nigeria (2026 Estimated Nigeria's biggest music stars earn money not only from music sales and streaming, but also from international tours, endorsements, record labels, businesses, and investments. Exact net worth figures are estimates because most artists do not publicly disclose their finances.

1. Wizkid

Estimated net worth: $70–80 million

Wizkid remains one of Africa's most commercially successful artists, earning from global tours, streaming royalties, brand endorsements, and partnerships with international labels. Collaborations with stars like Drake and Beyoncé have boosted his global appeal.

2. Davido

Estimated net worth: $50–70 million

Davido earns from music, sold-out concerts, endorsements, and his record label, DMW. He also comes from one of Nigeria's wealthiest families, though personal and family wealth are separate.

3. Burna Boy

Estimated net worth: $45–60 million

Burna Boy's stadium tours, international collaborations, streaming success, and endorsement deals have made him one of Africa's highest-earning musicians.

4. Don Jazzy

Estimated net worth: $35–50 million

Apart from music production, Don Jazzy has built wealth through investments, endorsements, and his label, Mavin Records, which has developed stars such as Rema and Ayra Starr.

5. Olamide

Estimated net worth: $25–40 million

The founder of YBNL has made significant earnings from music, concerts, endorsements, and talent development.

6. 2Baba

Estimated net worth: $20–30 million

One of Nigeria's most influential artists, 2Baba continues to earn from royalties, performances, and investments.

7. P-Square

Estimated net worth: $20–30 million (combined)

The duo, made up of Peter and Paul Okoye, remain among Nigeria's wealthiest acts due to years of touring and business ventures.

8. Timaya

Estimated net worth: $15–25 million

Timaya has maintained commercial success for nearly two decades through music and investments.

9. Tiwa Savage

Estimated net worth: $10–20 million

Tiwa Savage remains one of Africa's richest female musicians, benefiting from music, endorsements, and international partnerships.

10. Phyno

Estimated net worth: $10–20 million

Phyno has built wealth through music, real estate, and endorsements.

Honorable Mentions

Asake

Rema

Ayra Starr

Kizz Daniel

With Afrobeats continuing its global rise, younger stars such as Asake, Rema, and Ayra Starr could move into the top 10 in the coming years.