Top 10 Richest Musicians In Nigeria By Net Worth As Of 2025: Who Makes The List?
Nigeria is not just Africa’s most populous nation; it is also the epicenter of Africa’s thriving music scene. From Lagos to London, Nigerian music has become a global phenomenon, and its biggest stars are now multimillionaires commanding influence, both at home and abroad.
In 2025, the Nigerian music industry continues to grow in value, fueled by international deals, brand endorsements, sold-out concerts, streaming platforms, and business ventures outside music. The question on many fans’ minds is—who are the richest musicians in Nigeria in 2025?
This blog post takes a deep dive into the top 10 wealthiest Nigerian artists, including their estimated net worth and the major sources of their income.
Table: Top 10 Richest Nigerian Musicians in 2025
|
Rank |
Artist |
Net Worth (2025) |
Primary Income Sources |
|
1 |
Davido |
$50 Million |
Music, endorsements, DMW label, investments |
|
2 |
Wizkid |
$35 Million |
Music, global tours, endorsements, Starboy Entertainment |
|
3 |
Don Jazzy |
$30 Million |
Music production, Mavin Records, business ventures |
|
4 |
Burna Boy |
$25 Million |
Tours, streaming, international collaborations |
|
5 |
Olamide |
$15 Million |
Music, YBNL label, endorsements |
|
6 |
Timaya |
$13 Million |
Music sales, concerts, brand partnerships |
|
7 |
Tiwa Savage |
$12 Million |
Music, endorsements, international performances |
|
8 |
Phyno |
$10 Million |
Indigenous rap, brand deals, music production |
|
9 |
Mr Eazi |
$10 Million |
Music, investments, emPawa Africa |
|
10 |
Patoranking |
$8 Million |
Music, endorsements, international shows |
1. Davido – $50 Million
David Adeleke, better known as Davido, tops the list with a staggering net worth of $50 million in 2025. Born into a wealthy Nigerian family, Davido carved out his own fortune through music and entrepreneurship.
- Music: He has numerous chart-topping hits both locally and internationally.
- Endorsements: Major deals with brands like Martell, Puma, and MTN.
- Record Label: His DMW label has launched stars like Mayorkun and Peruzzi.
- Business Ventures: He owns a number of real estate assets and brand collaborations.
Davido’s ability to blend afrobeats with mainstream pop makes him a household name globally.
2. Wizkid – $35 Million
Ayodeji Ibrahim Balogun, popularly known as Wizkid, remains one of Africa’s most respected music exports.
- International Deals: Wizkid’s partnerships with Drake, Beyoncé, and Skepta have taken him to global heights.
- Starboy Entertainment: His record label manages his brand and budding artists.
- Concerts and Tours: He has performed in sold-out arenas in Europe, America, and Africa.
- Brand Endorsements: Notable deals include Pepsi, UBA, and Ciroc.
Wizkid’s smooth style and cross-cultural appeal keep his financial and fan base expanding.
3. Don Jazzy – $30 Million
Michael Collins Ajereh, better known as Don Jazzy, is a respected music producer and the founder of Mavin Records.
- Mavin Records: Home to stars like Rema, Ayra Starr, and Johnny Drille.
- Music Production: Don Jazzy is behind some of the biggest afropop hits of the last decade.
- Business Ventures: He’s also invested in tech and media startups.
- Social Media Influence: With millions of followers, his influence extends beyond music.
Don Jazzy is proof that the business of music is just as lucrative as being in the spotlight.
4. Burna Boy – $25 Million
Damini Ogulu, famously known as Burna Boy, is one of Nigeria’s most awarded artists.
- Grammy Winner: His album “Twice As Tall” brought him global acclaim.
- Tours and Festivals: Regularly headlines events across Europe and America.
- Streaming Revenue: His music performs strongly on Spotify, Apple Music, and YouTube.
- Endorsements: Includes deals with Glo, Star Lager, and Boohooman.
Burna Boy’s socially conscious lyrics and powerful performances have made him a cultural icon.
5. Olamide – $15 Million
Olamide Adedeji, popularly known as Olamide, is the king of Yoruba rap and street-pop culture.
- YBNL Nation: A record label he founded that has introduced acts like Fireboy DML.
- Consistency: Olamide has dropped hit albums and singles every year since 2010.
- Local Brand Deals: Partnered with brands like Goldberg and Itel.
- Streaming: Huge fan base across West Africa and in the diaspora.
Olamide’s street credibility and musical versatility make him a top earner in Nigeria’s music industry.
6. Timaya – $13 Million
Inetimi Alfred Odon, better known as Timaya, built his brand on dancehall and Afro-Caribbean sounds.
- Longevity: With over 15 years in the industry, Timaya remains relevant.
- Albums and Singles: Hits like “Dem Mama,” “Sanko,” and “Cold Outside.”
- Endorsements: Deals with Hennessy, Glo, and others.
- Assets: Owns a luxury home in Lagos and a collection of exotic cars.
Timaya is a model of how to maintain a long, lucrative music career in Nigeria.
7. Tiwa Savage – $12 Million
Tiwa Savage, often called the Queen of Afrobeats, is one of Nigeria’s most successful female musicians.
- International Appeal: Signed with Roc Nation and later Universal Music Group.
- Performances: Appears regularly at global music festivals and award shows.
- Brand Deals: Includes endorsements with Pepsi, Maggi, and Tecno Mobile.
- Fashion & Style: Tiwa is a style icon with collaborations in fashion and beauty.
She is a strong advocate for women in entertainment, combining art with advocacy and business.
8. Phyno – $10 Million
Phyno, whose real name is Chibuzor Nelson Azubuike, is famous for rapping in Igbo and blending it with urban beats.
- Albums: Known for hit albums like “No Guts No Glory” and “Deal With It.”
- Collaborations: Works closely with other indigenous stars like Flavour and Zoro.
- Business Ventures: Runs music events and owns multiple properties.
- Endorsements: Worked with Guinness, Airtel, and NairaBET.
Phyno remains a dominant force in the Southeast and is highly respected nationwide.
9. Mr Eazi – $10 Million
Mr Eazi, real name Oluwatosin Ajibade, is not just a musician—he’s also a tech-savvy entrepreneur.
- emPawa Africa: A platform that funds and supports emerging African artists.
- Streaming and Licensing: Major income from Spotify and YouTube.
- Business Interests: Has shares in several African startups.
- Global Influence: Recognized by CNN and Forbes as a game-changer in Afrobeats.
Mr Eazi's success is rooted in innovation, music, and smart investments.
10. Patoranking – $8 Million
Patoranking, born Patrick Nnaemeka Okorie, rounds out the list with a net worth of $8 million.
- Musical Style: A blend of reggae, dancehall, and afro-fusion.
- Hit Tracks: Known for “Girlie O,” “My Woman,” and “Abule.”
- Tours and Shows: Performs across Africa and in the Caribbean.
- Endorsements: Deals with Hennessy and other lifestyle brands.
Patoranking’s message of positivity and unity resonates widely across Africa.
Frequently Asked Questions (FAQ)
❓ Who is the richest musician in Nigeria in 2025?
As of 2025, Davido is the richest musician in Nigeria with an estimated net worth of $50 million.
❓ How do Nigerian musicians make money?
They earn through music sales, streaming, concerts, brand endorsements, and investments in business and real estate.
❓ Are these net worth figures accurate?
These are estimated figures compiled from public records, brand endorsements, music revenue, and verified reports. Actual figures may vary.
❓ Who is the richest female musician in Nigeria?
Tiwa Savage leads as the richest female musician in Nigeria with a net worth of $12 million.
Conclusion
The Nigerian music industry is booming, and these top 10 artists have shown that talent, when combined with vision and entrepreneurship, can lead to incredible wealth. Whether through global collaborations, record labels, or business ventures, these musicians have transcended entertainment to become cultural and financial powerhouses.
As the Afrobeats wave continues to sweep across the world, these artists are not only setting the pace—they’re making history.
