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Who is the richest musician in Nigeria 2022?

In this article, we will be looking at the richest musician in Nigeria 2022.

Everyone has a favourite musician they support, but let’s face it.

While some of our favs have been in the industry for a very long time or have advanced their careers in a short period of time, some other musicians have used their talent to create massive wealth for themselves.

It is nothing new that top Afrobeat musicians from Nigeria have been gaining traction in the international music scene. Social media alone in the last few years has been responsible for the significant global growth of some Nigerian musicians.

The next question on many fans’ minds is “who is the richest musician in Nigeria” considering that they have garnered all of this international recognition in the industry.

With a thorough list of the top 5 richest Nigerian musicians, their net worth, and accolades, we’re just going to leave it up to you to decide who you think the richest musician is in this article.

Read Also: Who Is The Richest Igbo Gospel Musician In Nigeria?

Top 5 Richest Musicians in Nigeria

1. Davido
Davido- Top 5 Richest Musicians in Nigeria

According to various reports, David Adeleke, also known as Davido, has a net worth of more than $40 million.

After signing with Sony, Davido launched the record company Davido Music Worldwide (DMW). Presently signed to the label are Peruzzi, Mayorkun, Yonda, and Dremo.

Like other well-known people, Adeleke makes money from additional sources especially endorsement deals.

One example of an endorsement project that added to Davido’s net worth is the 50 million Naira Close Up deal and the 30 million Naira MTN deals.

Davido is the first musician from Nigeria to appear in a 2022 FIFA World Cup single.

2. Wizkid
Wizkid- Top 5 Richest Musicians in Nigeria

Wizkid, born Ayodeji Ibrahim Balogun, has a net worth of more than $30 million according to various financial reports and websites.

Wizkid launched his label Starboy Entertainment in March 2013.

Wizkid has also received numerous awards, including his first Grammy Award for Best Music Video for his lead role in Beyoncé’s “Brown Skin Girl.” He is the African musician with the most victories at the BET Awards (3), Soul Train Awards (2), Billboard Awards (3), iHeartRadio Music Awards (2), and MOBO Awards (4).

He also received an ASCAP award for his compositional contributions to Drake’s “One Dance.”

3. Burna Boy
Burna Boy- Top 5 Richest Musicians in Nigeria

Damini Ebunoluwa Ogulu a.k.a Burna Boy, according to various sources estimate his current net worth to be around $35 million.

Burna Boy first gained notoriety in 2012. In 2017 he signed deals with US Warner Music Group internationally and Bad Habit/Atlantic Records. His fourth music album gained wide traction globally.

It was nominated for Best World Music Album at the 62nd Annual Grammy Awards. It also won Album of the Year at the 2019 All Africa Music Awards. At the 2020 VGMAs, Burna Boy received the African Artist of the Year award.

He became the first Nigerian to receive back-to-back nominations with the album at the 63rd Annual Grammy Awards. In 2021, Burna Boy also won the Best World Music Album award at the 63rd Annual Grammy Awards.

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4. Asa

Richest Musician in Nigeria

Bukola Elemide popularly known as Asa is a Nigerian/French singer, songwriter, stage performer and a recording artist. As of 2020, her net worth is estimated at $28 million.

Together with Cobhams and Christophe Dupouy, she produced her debut album, Asa. With this album, she was able to win the French Constantin Award in 2008.

She has worked with international musicians such as the Nubians, Manu Dibango, Doctor L, and Tony Allen.

Some of her very notable awards includes Headies Album of the year (2008), Prix Constantiin (2008), French Music Awards Victoires de la Musique nomination for “Female Artist of the Year” (2011), Headies nomination for “Best “R&B/Pop Album”, “Best Alternative Song”, “Best Vocal Performance (Female)” and “Best Recording of the Year” (2015).

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5. Don Jazzy
Don Jazzy- Top 5 Richest Musicians in Nigeria

The record producer Michael Collins Ajereh a.k.a Don Jazzy, is also a musician and songwriter. His net worth is thought to be $25 million. .

He began his professional career in 2002, and in 2004 he and D’banj founded the now-defunct MoHits Records record label. However, he is currently the founder and CEO of Mavin Records.

Don Jazzy has won a number of accolades, including the City People Entertainment Awards, the Nigerian Music Awards, and the Nigerian Entertainment Awards.

The musician has collaborated with many notable musicians throughout his musical career, including Jay-Z, Kanye West, and others.

Now that you are aware of the richest musicians in Nigeria, comment down below who you think is the best musician.