Top 10 Richest Musician in Nigeria 2023 [With Networth] -

Richest Musician in Nigeria 2023

Nigerian music occupies an important position in world music. This article lists the richest musicians in Nigeria, and prominent singers earn so much money that it is now a multi-billion naira industry and one of the highest paying jobs in the country. There are many talented musicians in the Nigerian music industry who have been recognized for their exceptional songs and artistry. In addition to providing them with financial rewards, the success of these artists has significantly helped the expansion of the country’s music industry. Many of Nigeria’s top musicians have achieved international fame through streaming platforms, accelerating the rapid growth of the country’s music industry. The Afro Beats subgenre, deeply rooted in Nigerian culture, has contributed to expanding the public’s understanding of African music. Several musicians stand out as the richest and most prominent figures in the industry, although many of them have achieved great success.

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Top 10 Richest Musicians in Nigeria 2023

S.NO	ARTIST NAME	NET WORTH
1	wizkid	$30 million
2	David	$29 million
3	As a	$28 million
4	Don Jazzy	$18 million
5	burned boy	$17 million
6	2Baba	$16 million
7	Psqaura	$16 million
8	Olamide	$12 million
9	Dbanj	$12 million
10	fine	$10 million

Top 10 Best Nigerian Musicians 2023

wizkid

With a net worth of $30 million, Wizkid is the richest musician in Nigeria. Tours, endorsements and music royalties make up the majority of his income. Wizkid is Nigeria’s richest musician and the first Nigerian to sell out London’s 02 Arena for three nights in a row. Wizkid has broken several national and international music records since the release of his debut single, “Holla at Your Boy”, in 2010. He is widely regarded as one of the most beloved African musicians.

David

David Adedeji Adeleke, known as Davido, is a phenomenal Afrobeat musician. Time magazine ranked him among the 100 most influential people in the world in 2021. MTN endorsement deal, Guinness Nigeria, Sony Music, Infinix mobile and other music and endorsement projects account for the majority of the net worth of $29 million by Davido. Furthermore, Davido earns up to 10 million per performance in Nigeria and $30,000 per international performance when he performs at local and international events.

As a

Bukola Elemide, better known by her stage name Aa, is a well-known Nigerian-French singer, songwriter, performer and recording artist who never fails to enchant listeners with the heartfelt melodies she sings. Asa is a Nigerian-French musician who became famous with her debut single, “Eye Adaba.” She is the tenth richest musician in Nigeria. In 2008, a panel of 19 music industry professionals awarded him the French Constantin Prize in Paris for her album “Asa.” Asa has released five studio albums, two live albums and 11 singles in total. She is the fourth richest singer in Nigeria, with a staggering $28 million in assets.

Don Jazzy

Collins Michael Ajereh, more commonly known as Don Jazzy, is a musician, entrepreneur, and music producer. He is believed to have $18 million in the bank. Over three decades, Don Jazzy has established himself as the third richest musician in Nigeria and amassed a net worth of $18 million. Don Jazzy’s co-founding of Mo-Hits Records with Oladapo Daniel Oyebanjo aka Dbanj contributed significantly to his wealth accumulation.

Burnaboy

Burna Boy, known as the African Giant and undoubtedly an important musician in Africa, is one of the richest musicians in Nigeria. Burna Boy, the most streamed Nigerian artist after Rema and the first Nigerian to receive consecutive Grammy nominations, has a net worth of $17 million, making him the fourth richest musician in Nigeria.

2Baba

2Baba is one of the richest musicians in Nigeria and one of the most influential artists. He is Innocent Ujah Idibia in real life. Before signing to the Kennis Music record label, he was a member of the band “Plantashun Boiz”. 2baba, a music superstar who achieved global fame with his 2004 song African Queen, has donated a music studio worth millions of naira to the Faculty of Music, Obafemi Awolowo University, OUA, in Ile Ife, Osun State, in 2022.

Psqaura

Peter and Paul Okoye, the Psquare, are among the richest musicians in Nigeria, with a combined wealth estimated at $16 million. The twin musicians became known after forming the combo Psquare. When talking about successful veterans of the music industry, the duo “Peter & Paul Okoye” cannot be ignored. The single “Senorita” was P-first Square’s biggest hit, and was followed by several other hits that made them famous around the world.

Olamide

Olamide is Nigeria’s most popular artist and one of the richest musicians. Olamide Adedeji is a Yoruba Nigerian from Lagos. Olamide, who has a net worth of $12 million and is known for his street hip-hop and Yoruba rap styles, is the eighth richest musician in Nigeria.

Dbanj

Dbanj is one of the most successful musicians of his generation and one of the richest musicians in Nigeria. Using his late older brother’s harmonica, the singer got his start in music. He is ranked 10th on the list of top 10 most extravagant artists in Nigeria.

fine

Sensational rapper Phyno completes the list of the richest musicians in Nigeria. He is known for his rap in Igbo. Phyno has dabbled in film acting and music production since his debut in 2003. The estimated value of Phyno’s wealth is $10 million.

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Who is the richest musician in Nigeria in 2023?

Wizkid, born Ayodeji Balogun, is a Nigerian singer and songwriter who has become one of the biggest names in the Nigerian music industry. As of 2023, he is considered the richest musician in Nigeria, with a net worth estimated at over $50 million.

Wizkid’s success has been fueled by his unique blend of Afrobeats, R&B and hip-hop, which has resonated with audiences not only in Nigeria, but around the world. He has won numerous awards, including several BET Awards and a Grammy Award, and has collaborated with some of the biggest names in the music industry, including Drake, Beyoncé, and Skepta.

Apart from his music career, Wizkid has also been involved in a number of lucrative businesses, including endorsement deals with major brands such as Pepsi and Nike. He also owns a record label, Starboy Entertainment, which has produced several successful artists.

Despite his enormous success, Wizkid remains humble and focused on his craft, continually pushing the boundaries of what is possible in the Nigerian music industry. His impact on the Nigerian music scene is undeniable and his success is a testament to the power of hard work and determination.

Nigerian music

Nigerian music in world music occupies an important place. Numerous styles of folk music are associated with the country’s numerous ethnic groups, each with their own techniques, instruments and songs, and constitute the majority of popular folk music in Nigeria. Despite the discovery of bronze carvings depicting musicians and their instruments from the 16th and 17th centuries, little is known about the country’s musical history before European contact. Indigenous, Apala, Ogene, Fuji, Jùj, Afrobeat, Afrobeats, Igbo Highlife, Afro-juju, Waka, Igbo rap, Gospel and Yo-pop are the most internationally recognized musical styles in the country.

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Source: pagasa.edu.vn