Richest musicians in Nigeria are key players in the global Afrobeat scene.
With artists like; Davido, Burnaboy, Olamide and many more who are making marks in the country, Africa and globally, Infonaijabase has come up with a list of outstanding artists in the top 10 richest musicians list.
Here is a refined and expanded version of your list with endorsement deals, businesses, and other income streams added for each artist.
1. Wizkid
Wizkid, known formally as Ayodeji Ibrahim Balogun is estimated to hold a net worth of $40–60 million.
The Nigerian Afrobeats star earns through music sales, streaming, and global tours. He also founded Starboy Entertainment and secures major endorsements with Pepsi, Nike, MTN, UBA, and Cîroc, alongside income from merchandise, fashion collaborations, international festival bookings, and royalties.
2. Davido
Davido, born David Adedeji Adeleke, has an estimated net worth of $40–50 million.
The Nigerian Afrobeats superstar earns from music catalog sales, streaming, and sold-out tours. He founded DMW (Davido Music Worldwide) and holds endorsements with Pepsi, MTN, Martell, Puma, and Infinix, while also profiting from social media promotions, ambassador deals, private shows, and global performances.
3. Burna Boy
Burna Boy, whose full name is Damini Ebunoluwa Ogulu, has an estimated net worth of $35–50 million.
The Grammy-winning Afrofusion artist earns through global streaming, album sales, and stadium tours worldwide. He founded Spaceship Entertainment and secures endorsements with Pepsi, Star Lager Beer, Martell, and Chivas Regal, alongside income from festival bookings and international brand partnerships.
4. Don Jazzy
Don Jazzy, born Michael Collins Ajereh, has an estimated net worth of $30–40 million.
The influential producer built his wealth as founder of Mavin Records. His income includes tech startup investments, music production royalties from numerous artists, and endorsement partnerships with Loya Milk, Betway, and Johnnie Walker, alongside lucrative social media brand collaborations.
5. Olamide
Olamide, whose full name is Olamide Gbenga Adedeji, has an estimated net worth of $25–35 million.
The Yoruba rap icon earns from streaming royalties and his extensive music catalog. Founder of YBNL Nation, he also secures endorsements with Cîroc, Guinness, Itel, and Goldberg Beer, while generating revenue from concerts, festivals, and branded merchandise.
6. Mr Eazi
Mr Eazi, born Oluwatosin Oluwole Ajibade, has an estimated net worth of $25–35 million.
The Afrobeats entrepreneur earns from music releases and global tours. He founded emPawa Africa, supports emerging artists, and invests in tech through Zagadat Capital, while also partnering with global brands like Pepsi and Samsung.
7. 2Baba
2Baba, formerly known as 2Face Idibia, has an estimated net worth of $20–30 million.
The legendary Nigerian singer earns long-term royalties from his music catalog, especially the hit “African Queen.” Founder of the 2Baba Foundation, he also partners with Guinness, Campari, and Globacom, and performs in major concerts and legacy shows.
8. D’banj
D’banj, born Oladapo Daniel Oyebanjo, has an estimated net worth of $20–30 million.
The entertainer earns from music performances and catalog royalties. Founder of DB Records, he holds endorsement deals with Globacom, Heritage Bank, and Cîroc, while also running Koko Garri and engaging in media and entertainment ventures.
9. Tiwa Savage
Tiwa Savage, whose full name is Tiwatope Omolara Savage, has an estimated net worth of $10–20 million.
The Afrobeats queen earns through international music deals, streaming, and global tours. A former Mavin Records artist, she also secures endorsements with Pepsi, MTN, Maggi, and Pampers, while performing at major festivals worldwide.
10. Phyno
Phyno, born Chibuzor Nelson Azubuike, has an estimated net worth of $10–20 million.
The Igbo rap star earns from music sales, streaming royalties, and touring. Founder of Penthauze Music, he also partners with brands such as Guinness, Nairabet, and Life Lager Beer, while generating income from music production and collaborations.
