Top 20 Richest Musicians in Nigeria and Their Net Worth in 2025

Top 20 Richest Musicians in Nigeria and Their Net Worth in 2025 can be found here. 

Nigeria’s music industry has grown into a global powerhouse, powered by streaming, international collaborations, live concerts, and brand endorsements.

TJ News Nigeria reports that many Nigerian artists now earn not just from music sales but also from fashion lines, performance royalties, endorsements, and other business ventures.

Below is a list of the top 20 richest musicians in Nigeria in 2025, along with biographical notes and how they built their wealth.

Key Takeaways

• The richest Nigerian musicians combine multiple income streams: music sales, streaming, concerts, endorsements, and business interests.
• Davido leads the pack by a large margin.
• Several veteran artists are joined by younger stars in the top 20, showing generational wealth-building in the industry.

Table: Top 20 Richest Nigerian Musicians in 2025

Biographical Notes on Selected Musicians

1. Davido – $100 Million

Born David Adedeji Adeleke, Davido owns the record label Davido Music Worldwide. He is one of Africa’s most streamed artists and earns heavily from concerts, international tours, endorsements, and investments.

2. D’banj – $40 Million

Oladapo Oyebanjo, popularly known as D’banj, has had a long career with hit albums, international collaborations, and endorsements. He also invests in agriculture and technology ventures.

3. Kizz Daniel – $16 Million

Kizz Daniel is known for multiple hit songs and international tours. His fortune comes from streaming royalties, live performances, and brand partnerships.

4. Paul Okoye (Rudeboy) – $16 Million

Formerly one-half of the famous P-Square duo, Paul Okoye has continued his career as a solo artist. His wealth comes from shows, endorsements, and royalties from P-Square’s music catalogue.

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5. Timaya – $14 Million

Timaya, also called the “Egberi Papa 1 of Bayelsa,” built his wealth from consistent hit songs, performances, and real estate investments.

6. Burna Boy – $12 Million

Damini Ebunoluwa Ogulu, known as Burna Boy, is an international superstar with Grammy recognition. His global tours, streaming dominance, and endorsements make him one of Africa’s wealthiest musicians.

7. Olamide – $12 Million

Olamide Adedeji, also known as Baddo, is one of Nigeria’s most influential rappers. He owns YBNL Nation, which has produced stars like Fireboy DML and Asake.

8. Don Jazzy – $10 Million

Michael Collins Ajereh, popularly called Don Jazzy, is a legendary producer and founder of Mavin Records. His fortune comes from music production, record label management, and investments.

9. Tiwa Savage – $10 Million

Tiwa Savage, often called the “Queen of Afrobeats,” earns from music, international collaborations, endorsements, and fashion. She remains Nigeria’s richest female musician.

10. Phyno – $10 Million

Chibuzor Nelson Azubuike, professionally known as Phyno, has a strong presence in Nigeria’s eastern music scene. He earns from concerts, endorsements, and real estate.

11. Banky W – $9 Million

Olubankole Wellington, popularly known as Banky W, is a singer, actor, and politician. He co-founded Empire Mates Entertainment (EME) and has investments in media and real estate.

12. Reminisce – $7 Million

Remilekun Abdulkalid Safaru, known as Reminisce, is a Yoruba rapper with endorsement deals and multiple businesses.

13. 2Baba (2Face Idibia) – $5.9 Million

Innocent Ujah Idibia, better known as 2Baba, is a legend in African music. With decades of hit songs and international recognition, he continues to earn from performances and royalties.

14. KCee – $5.1 Million

Kingsley Chinweike Okonkwo, popularly called KCee, made his wealth from music and business ventures, including oil and gas.

15. Patoranking – $5 Million

Patrick Okorie, known as Patoranking, is one of Nigeria’s most successful dancehall artists. His earnings come from performances, tours, and endorsements.

16. Ice Prince – $5 Million

Panshak Henry Zamani, better known as Ice Prince, rose to fame with Oleku. He continues to earn from music, shows, and fashion investments.

17. Falz – $5 Million

Folarin Falana, popularly known as Falz the Bahd Guy, is both a musician and an actor. His wealth comes from music, Nollywood, and endorsement deals.

18. Wande Coal – $5 Million

Wande Coal gained fame under Mo’Hits Records and has remained a strong figure in Afrobeats. He earns from music, royalties, and performances.

19. Young Jonn – $5 Million

Initially known as a record producer, Young Jonn transitioned into singing. His growing influence in Afrobeats has brought in significant income.

20. Yemi Alade – $5 Million

Yemi Alade, nicknamed “Mama Africa,” is known for her global tours and hit songs like Johnny. She has lucrative endorsement deals and business ventures.

FAQs

Who is the richest musician in Nigeria in 2025?
Davido, with an estimated net worth of $100 million.

Who is the richest female musician in Nigeria?
Tiwa Savage, with an estimated net worth of $10 million.

What are the main income sources for Nigerian musicians?

• Streaming royalties
• Concerts and tours
• Brand endorsements
• Record labels and publishing
• Business ventures in fashion, real estate, and tech

Do veteran artists still earn more than younger ones?
Yes. Artists like D’banj, Don Jazzy, and 2Baba remain among the wealthiest due to years of accumulated royalties, endorsements, and investments.

Disclaimer

The net worth figures listed are estimates based on publicly available information, media reports, and industry analysis. Actual earnings may vary due to private contracts, undisclosed investments, and other business activities.