Who is the Richest Musician in Nigeria 2024/2025
The Nigerian music business has expanded rapidly in recent years, establishing itself as a major player on the world stage. Nigerian singers have disseminated the infectious rhythms of Afrobeats and Afrofusion globally, shaping music trends and transforming the entertainment industry.
Along with their chart-topping tunes, these singers have developed successful careers in various fields, including endorsements and entrepreneurship.
In this article, we look at the lives and legacies of the richest musician in Nigeria 2024/2025. With a combination of creativity, persistence, and economic acumen, these artists have turned their passions into multimillion-dollar businesses.
Let us honor their incredible experiences, accomplishments, and contributions to the music industry.
Top 10 Richest Musician in Nigeria in 2025
1. Wizkid – $132 Million (Forbes Estimate)
Photo by John Nacion/Variety via Getty Images
Ayodeji Ibrahim Balogun, also known as Wizkid, is Nigeria’s richest artist as of 2025. Forbes lists him as Nigeria’s wealthiest artist. This Grammy winner’s fortune has skyrocketed since his big break. He is the richest Nigerian musician.
Wizkid’s global triumphs continue to pile up. His February 2025 O2 Arena performance has sold out. His “African Heritage” tour wowed audiences across the world. These accomplishments elevate his position on Forbes’ list of Nigeria’s richest musicians.
His tracks have had over 5 billion streams, generating over $12 million each year. Furthermore, his Starboy Entertainment signs new performers, expanding his riches beyond music.
2. Davido – $108 Million (Forbes Estimate)
Photo by Kaitlyn Morris/Getty Images
David Adeleke, often known as Davido, is the second among Nigeria’s top ten richest musicians. His musical abilities, wise business decisions, and family wealth keep him near the top. He is among the richest musicians in Nigeria, according to Forbes.
Davido’s Timeless Legacy album, which launched in late 2024, was a huge success. His collaborations with big stars reach a larger audience globally. The Davido Foundation’s charitable activities also help him gain prominence. Deals with Puma, Martell Cognac, and 1XBET add to wealth. These make him one of Nigeria’s richest musicians today.
3. Burna Boy—$95Million (Forbes Estimate)
Photo by Savion Washington/Getty Images
Damini Ebunoluwa Ogulu, also known as Burna Boy, continues his remarkable journey to the top of the list of Nigeria’s richest musicians. The Grammy-winning “African Giant” has used worldwide recognition to amass a significant fortune. He’s one of Nigeria’s richest musicians.
Burna Boy’s rigorous global tour schedule brings in a lot of money. He headlines large festivals and packs arenas. Deals with Martell, Pepsi, and Samsung boost his earnings. His tracks received over 4 billion streams, smashing records. These victories kept him on the Forbes list of Nigeria’s wealthiest musicians.
4. Don Jazzy – $90 Million (Forbes Estimate)
Photo Credit: @donjazzy, Instagram
Don Jazzy, or Michael Collins Ajereh, is one of Nigeria’s top ten richest artists. He generates a lot of money through production and clever business, not only by performing. His abilities earn him a steady salary.
Don Jazzy’s Mavin Records dominates Nigeria’s music scene. Its artists, such as Rema, increase their money quickly. His work on worldwide blockbusters, as well as investments in technology and real estate, secures his position as Nigeria’s richest artist, according to Forbes. Furthermore, his social media celebrity earns him lucrative sponsorship agreements.
5. Tiwa Savage—$86Million (Forbes Estimate)
Photo by Samir Hussein/WireImage
Tiwatope Savage (Tiwa Savage) is among Nigeria’s richest musicians. She’s the highest-paid female artist in the country. Tiwa’s success defies expectations.
Her global fame is expanding. She collaborates with prominent American and European performers. Deals with Pepsi, Tecno, and her 2024 cosmetics brand increase her income. This places her among the top ten richest musicians in Nigeria. Her business acumen shines alongside her singing.
6. Olamide – $70 Million (Forbes Estimate)
Olamide Adedeji’s YBNL Nation record company propels Nigerian music forward. He recognizes major talents such as Asake and Fireboy DML. This increases his fortune quickly.
Olamide expands his wealth outside music with savvy investments. His label’s hits generate significant royalties and publication revenue. His street cred earns him lucrative collaborations with Nigerian businesses. He is a top name on Nigeria’s list of richest musicians.
7. Phyno—$42 million (Forbes estimate)
Chibuzor Nelson Azubuike, aka Phyno, accumulates fortune through his distinct rap style. His business efforts propel him to the Phyno net worth Forbes list.
Phyno’s consistent output and devoted Eastern followers keep his money flowing. His “Phynofest” is one of Nigeria’s largest music festivals. Deals with indigenous Nigerian businesses bring in huge money. This places him among the top ten richest musicians in Nigeria.
8. Mr. Eazi- $40 million.
Photo by Manuel Vazquez/Contour by Getty Images
Oluwatosin Ajibade, well known as Mr Eazi, combines music with economic acumen, making him one of Nigeria’s wealthiest artists. His innovative actions rack up cash quickly.
Mr. Eazi’s emPawa platform discovers and cultivates African talent. It also generates large earnings. His digital company ventures have paid off, increasing Mr. Eazi’s net worth to $15 million by 2025. He is among Nigeria’s top ten richest musicians.
9. Yemi Alade –$39 Million (Forbes Estimate)
Photo by JOEL SAGET/AFP via Getty Images
Yemi Eberechi Alade rounds out the top ten richest musicians in Nigeria. Her worldwide reach and astute decisions help her fortune rise.
Yemi dominates Francophone Africa and European tours. These generate supplementary revenue sources. Her arrangements with businesses aimed toward African followers pay out handsomely. Smart collaborations and consistent performances have propelled her to the top ranks of Nigeria’s richest musicians.
10. Timaya
Photo by Paras Griffin/Getty Images
Timaya has become identified with the Nigerian music scene during a decade-long career. His adventure began in 2005, and he has since been at the forefront of Nigeria’s Afrobeats and dancehall genres.
Timaya is known for his distinct voice and passionate performances, and his music frequently reflects his personal experiences as well as the socioeconomic realities of living in Nigeria, making him relevant to a large audience. His $35 million net worth comes from not only music sales but also endorsements and real estate ventures, demonstrating his flexibility as an artist and entrepreneur.
His Lekki estate and automobile collection, which includes a Porsche 911 Carrera, several Range Rovers, and a Bentley Continental GT, demonstrate his success in the sector.
Conclusion
This list is liable to change as Rema, Tems, and other talented young Nigerian musicians gain popularity. The future years will undoubtedly be intriguing, as new stars and monarchs of Nigerian music will emerge. For the time being, the musicians listed above have the upper hand in the music industry’s finances. Please leave a comment below to let us know how you feel about the current list of the richest musician in Nigeria.
