The music industry in Nigeria is not only about entertainment but an alternative way to accumulate vast wealth. Nigeria has a string of talent in music, whose net worth rivals the most successful businesspeople and industry gurus. The hit singles and dominating concerts have earned the hearts of millions and a considerable amount of money. Let us explore the highest-earning musicians in Nigeria and unveil the mystery behind their financial success in this article from Naijassador.
Don Jazzy $52 million
Leading the pack is Don Jazzy, Nigeria’s wealthiest musician who boasts a remarkable net worth of $52 million. His journey to riches started with the establishment of Mo-Hits Records, a successful label that disrupted the Nigerian music market. Together with artists like Dbanj, Don Jazzy produced one hit after another, establishing himself as both a music genius and an entrepreneur.
Psquare $37 million
Peter Okoye and Paul Okoye who are collectively known as Psquare are Nigeria’s second wealthiest musicians with a net worth of 37.26 million USD. The twin singers were propelled to stardom by their electrifying performances and viral beat that made them a firm favourite on the carnival & concert scene which enabled them to charge hefty amounts of money per show to their global top fan base.
Davido $27.6 million
Also on the list is Davido who is estimated to have been worth about 27.6 million USD. Born to a politician, Davido is the son of a wealthy man making his entry into the music world much easier but to attain this kind of fortune has to do with his hard work and dedication towards his record label business such as Sony. The fact that Davido’s music gets a lot of YouTube views and works with international collaborations makes him known worldwide so more money.
Wizkid $30 million
The superstar has a net worth of $30 million, marking him as Nigeria’s fourth-richest musician. Wizkid has broken records and barriers, becoming the first Nigerian artist to sell out the 02 Arena in London more than once. Thanks to his global appeal and chart-topping songs, his wealth continues to expand.
Burna Boy $20 million
He has a net worth of $20 million as a result of his two consecutive Grammy nominations as well as endless streaming numbers. Burna Boy’s mix of Afrobeat and reggae has found him a following in the world, making him one of Nigeria’s most valuable music talents.
2baba $10.2 million
With a net worth of $10.2 million, 2baba is a legend in African music. He is responsible for several timeless hits such as African Queen and has continued to impact the industry and society as a whole with recent reports of the donation of a music studio to a Nigerian university.
Olamide $15 million
Olamide has a net worth of $15 million, which makes him one of Nigeria’s richest musicians. The Yoruba rapper and street hip-hop act has signed a plethora of emerging artists through his YBNL record label, solidifying his place as a music mogul in the country.
Timaya $14 million
Finally, Timaya has a net worth of $14 million, placing him among Nigeria’s highest-earning musicians. He has a massive following thanks to his excellent beats and high-energy performances.
In conclusion,
Nigeria’s music industry is not all about melodies and rhythms. It’s an enterprise worth billions that is ever-rising. The riches of the above musicians send a clear message about how talented, hardworking and smart businessmen they are, showing how much potential there is for you to become a millionaire in the ever-changing music world of Nigeria. As the industry grows even more, we will see many more tycoons, and Nigeria’s position as one of the most successful and influential music hubs in the world shall rise higher each passing day.
Written by Sarah Aboje
