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The Nigerian music trade is among the fastest-growing industries within the nation, and it has produced superb singers over time. Listed below are the highest 10 richest musicians in Nigeria in 2020.

Nigerian musicians and prime artists rank among the many richest musicians/artists in the entire of Africa and the world at massive with lots of them profitable numerous worldwide awards and that includes in lots of nations.

Music has catapulted many Nigerian artists from the lifetime of nothing to one thing, from grass to grace. Lots of them who had nothing are actually dwelling luxurious lives on account of the progress they’ve made within the music trade.

The likes of Timaya, Wizkid, 2face, P-Sq., and plenty of others have been poor from their roots, however as we speak, because of their superb careers within the music trade have gained them fame all around the globe.

Listed below are the highest 10 listing of the richest Nigerian musicians and artists which can be at present making waves within the music trade.

1. Wizkid – Web price of $20 Million

Wizkid is the number one in our listing of prime 10 richest musicians & artists in Nigeria. Wizkid’s internet price is estimated at 20 million U.S {dollars}.

Other than singing, Wizkid additionally secured many endorsements offers with the likes of MTN Nigeria and GLO ( which paid him N120 million to grow to be its ambassador).

Wizkid additionally elevated his internet price when he secured multi-million offers with Pepsi and Guinness that introduced him extra money on the desk.

In July 2019, the gifted singer added extra to his internet price after he confirmed a mega-deal signing for United Financial institution for Africa (UBA) as their model ambassador.

Singer Ayodeji Ibrahim Balogun proudly referred to as Wizkid is a singer and songwriter. Wizkid started his musical provider on the age of 11 in a neighborhood church close to his dwelling. Again then, he joined a neighborhood band known as the Superb 5.

Wizkid launched an album on the age of 11 in collaboration with the group Superb 5.

Wizkid later met OJB Jezreel throughout his struggling days, and he turned his mentor. He then began visiting Jezreel’s studio watching and studying from the recordings by artists like 2 Face Idibia and Sound Sultan.

Wizkid then joined Empire Mates Leisure (E.M.E) in 2009, and from there, his profession within the music Business kick-started.

Top 10 list of richest Nigerian musicians and artists

Ayodeji Ibrahim Balogun referred to as Wizkid, is the richest Nigerian musician with the online price of $20 Million

Born on the sixteenth of July, 1990 in Surulere, Lagos, Wizkid was the primary Nigerian musician to rise to be recognised within the Guinness E book of World Report for essentially the most performed tune on Spotify.

That is on account of the tune he did with Drake titled “One Dance”.

He now owns the Starboy Leisure and has been waxing stronger within the music trade because the day goes by.

In line with the 2020 Forbes listing, Wizkid occurs to be the richest Nigerian musician with $20 Million networth.

Wizkid’s automobile collections and homes

Wizkid has a ₦13 million mansion in Surulere, Lagos, and one other one in Los Angeles. Wizkid’s automobile assortment consists of:

  1. Lamborghini Urus (₦80 million)
  2. Porsche Panamera (~₦50.8 million)
  3. Used Mercedes Benz G63 AMG (₦55 million – ₦65 million)
  4. BMW X6 crossover (₦8.7 million)

2. Davido – Web price of $19 Million

David Adeleke, popularly referred to as Davido, is the second richest musician and artist in Nigeria. Davido’s internet price is estimated at 19 million U.S {dollars}.

Davido was born in Atlanta, United States of America to the wealthy and rich Nigerian household of Dr Adedeji Adeleke, a co-founder of the Adeleke College in Osun state and the CEO of Pacific Holdings Restricted.

Davido’s internet Value is from music and endorsement initiatives such because the $78,296 MTN endorsement deal, Guinness Nigeria, and Infinix cellular.

Davido internet price and wealth can also be affected positively by his YouTube channel, which has attracted over 663 million views because it was created.

Earlier than ‘Dami Duro’, which introduced Davido to the world, Davido launched his first single, ‘Again When’ that includes Naeto C though the tune did not pattern a lot.

On Oct. 30, 2011, Davido launched ‘Dami Duro’. He co-produced the one with Shizzi which was shot by Clarence in Lagos.

The tune Dami Duro got here with a tremendous video in Jan. 2012, and it turned the speak of the city with frequent airplay by the media.

Top 10 list of richest Nigerian musicians and artists

David Adeleke is the second richest Nigerian musician in 2020 after Wizkid

Davido launched his debut studio album on July 17, 2012, Omo Baba Olowo (Baby of a Rich Individual) below HKN Music Report Label. The tune was equally successful tune because it gained him extra followers.

Since then, he has launched numerous singles which have introduced him reputation, cash and worldwide recognition.

Davido was the manager producer of OBO and labored with different producers like Jay Smooth, Spellz, Maleek Berry, and others. It featured well-liked musicians like Sina Rambo, Ice Prince, Kay Change, B-Pink, 2 Face and Naeto C.

Top 10 list of richest Nigerian musicians and artists

Davido has two mansions in Lekki, Lagos, and a getaway mansion in Georgia, USA with Unique automobiles

Davido’s automobiles and homes

Davido has two mansions in Lekki, Lagos, and a getaway mansion in Georgia, USA. Davido’s automobile assortment is dazzling with:

  1. Rolls Royce Cullinan 2019 (~₦350 million) 
  2. Bentley Bentayga (₦108 million)
  3. Bentley Continental GT (~₦95 million)
  4. Porsche Panamera Turbo S (~₦22.8 million)
  5. Vary Rover Sports activities (₦84 million – ₦90 million)
  6. Vary Rover SV Autobiography (₦98 million)
  7. Chevrolet Camaro GS (₦9.4 million)
  8. Audi R8 (₦23.4 million)
  9. Audi Q7 (₦12 million)
  10. Mercedes-AMG GLS63 (~₦45 million)
  11. Mercedes G-Wagon (~₦21 million)
  12. Toyota Land Cruiser (~₦30 million) a number of automobiles like a Porsche, Vary Rover Sport and Chevrolet Camaro
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3. Don Jazzy – Web price of $18.5 million

Collins Michael Ajereh, who is called Don Jazzy within the music scene, is the third richest Nigerian Musician. Don Jazzy is from Umuahia in Abia State and was born on the twenty sixth of November, 1982.

Don Jazzy’s internet price is estimated to be over $18 million. Don Jazzy is each a music producer, entrepreneur and musician.

Don Jazzy is understood for his fantastic music manufacturing. His arduous work integrated along with his persistent capacity simply make up sound enterprise relationships for him each in Nigeria and throughout the border.

Don Jazzy began his music profession working with D’banj to make numerous hit tracks as Mo’hits document earlier than they went their separate methods in 2012. After which he created the brand new document label Mavin Information.

Top 10 list of richest Nigerian musicians and artists

Collins Michael Ajereh, who is called Don Jazzy within the music scene, is the third richest Nigerian Musician.

Don Jazzy has successfully groomed and established a number of superstars like Wande Coal, D’Prince, Tiwa Savage, Reekado Banks and plenty of extra. 

Apart from singing and producing, he additionally has worthwhile contracts with corporations like MTN and Loya Milk.

His profession has introduced him awards as a prime music producer. Don Jazzy is just not married regardless of his age; he focuses on making extra good music and elevating extra stars within the Nigeria music trade.

Top 10 list of richest Nigerian musicians and artists

Don Jazzy has 3 mansions, one at Lekki, one in Banana Island, Lagos, and one other at Los Angeles and plenty of unique automobiles

Don Jazzy’s homes and automobiles

Don Jazzy has 3 mansions, one at Lekki, one in Banana Island, Lagos, and one other at Los Angeles, USA. He additionally rides unique automobiles together with:

  1. Porsche 911 Carrera (~₦42 million)
  2. Bentley Continental (~₦25 million)
  3. Cadillac Escalade (~₦27.2 million)
  4. Used Mercedes Benz E350 (~₦20 million)

4. Burna Boy – Web price of $17 million

Burna Boy whose actual title is Damini Ebunoluwa Ogulu is a Nigerian singer, songwriter, rapper and dancer. Burnaboy is an indigene of Mbiama in Ahoda West LGA of Rivers State.

Burna Boy is the fourth richest Nigerian musician and artist in 2020, Burna Boy’s internet price is estimated to be $17 million.

Burna was born in his dwelling state of Rivers, Port Harcourt exactly earlier than his mother and father relocated from Port Harcourt to Lagos. 

Top 10 list of richest Nigerian musicians and artists

Burna Boy whose actual title is Damini Ebunoluwa Ogulu is a Nigerian singer, songwriter, rapper and dancer.

His mother and father’ relocation to Lagos was probably the very best transfer for Burna’s music profession, as the largest names and finest sources are domiciled in Lagos.

Burna boy turned well-known within the music trade in 2012, after he launched his hit single ‘Prefer to Occasion’ from his debut album L.I.F.E. Though the album was debuted on the thirteenth of August 2013 by Aristokrat Information, 5 singles from it have been launched in 2012.

They offered 40,000 copies of L.I.F.E. on the primary day of its launch and offered its advertising rights to Uba Pacific for 10 million Naira. Leriq produced the album. Different artists featured within the assortment are 2face, M.I, Reminisce, Wizkid, Timaya, and Olamide.

Burna boy left Aristokrat information in 2014, and in 2015 he established his document label named Spaceship Leisure. He debuted his second album ‘On a Spaceship’ on the twenty fifth of November 2015.

His music profession has been a brilliant success with the younger man making international waves and is at present Nigeria’s hottest worldwide music export.

At present, he’s a model ambassador to Globacom, Nigerian Breweries Plc, and Mortell Cognac.

Top 10 list of richest Nigerian musicians and artists

Burna Boy’s as one of many Nigeian richest musicians has unique automobiles and homes

Burna Boy’s automobiles and homes

Burna Boy is an unique automobile lover. In line with the award-winning musician, he purchased his first automobile on the age of 17. It was a Vary Rover.

  • Lexus
  • Bentley
  • Mercedes-Benz G Wagon.
  • 2013 Ferrari 458 Italia
  • Rolls Royce Down Convertible

5. 2Baba (2Face) – Web Value of $16 million

This Jos born music star’s, actual title is Harmless Ujah Idibia was and born on the 18th of September. Though he was born in Jos, he’s an indigene of Benue State.

2Face is the fifth richest Musician in Nigeria with a internet price of $16 million naira.

2Face 2Baba rose from nothing to one thing and then turned one among the very best Afropop singers in Africa.

2face began with a bunch known as Plantashun Boiz and after some time went solo. His music profession has continued to flourish repeatedly.

Tu face was a prime signing for Kennis Music early in his profession with whom he launched the primary album ‘African Queen’.

The discharge of the album ‘African Queen’ introduced him to limelight in 2004 and since then he has remained on prime of his recreation as each of his tune is a serious hit.

2face has gained himself awards just like the Headies, MTV Music Awards, and BET Awards.

Top 10 list of richest Nigerian musicians and artists

Harmless Ujah Idibia (2baba) born on the 18th of September is an indigene of Benue State one of many Nigerian musicians who rose from nothing to one thing within the music trade

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Tuface’s luxurious house and automobiles

2face has acquired fairly an excellent quantity of luxurious, starting from automobiles to mansions, however he likes to maintain his life very personal.

Tuface owns 2 mansions in Lagos, in addition to leisure lounges at Lagos Island, Festac, and Ikeja and in addition an expensive house within the US.

Top 10 list of richest Nigerian musicians and artists

Asides his automobiles, he additionally has a multi-million naira mansion in Lagos, Benue and an expensive house within the US.

2baba is just not very open about his assortment of automobiles, however listed here are the automobiles that have been caught ridden by 2Face:

  • Chevrolet Corvette Coupe (~₦45million)
  • Ferrari Coupe (₦57 million – ₦80 million)
  • Used Toyota Land Cruiser Prado (₦30 million – ₦52 million)

6. Olamide – Web Value of $12 million

Olamide Adedeji who maintained his first title Olamide on stage however can also be known as Baddo on account of the character of his avenue music was born on March fifteenth, 1989, in Bariga, Lagos State.

Olamide’s internet price is estimated to be $12 million – making him the sixth richest musician in Nigeria.

Olamide is well-known to sing totally on his native language Yoruba, and this has gained him many fan base and followership throughout western Nigeria, particularly Lagos.

Olamide commenced his journey into the music world with Coded Tunes label, however at present places lots of effort to lift a number of different artists by way of his YBNL document label.

Top 10 list of richest Nigerian musicians and artists

Olamide Adedeji  born on March fifteenth, 1989, in Bariga, Lagos State, one of many richest Nigerian musicians

Olamide’s profession blossomed in 2010 when he launched his single ‘Eni Duro’ and in 2011 his album Rapsodi. The profitable album was adopted by the second album YBNL, which featured a number of hit singles that made Olamide well-liked very quickly.

Right now, he has seven studio albums.

He has bagged so many awards within the Nigerian music trade as Greatest Indigenous Artist, Album of the 12 months, and plenty of others; in addition to many nominations.

Olamide’s homes and automobiles

Being the sixth richest musician in Nigeria, Olamide owns 2 mansions in Lekki and Bariga, Lagos and a flashy storage with dear automobiles together with:

  • Mercedes-Benz G Wagon (~₦23 million)
  • Vary Rover Sports activities V8 (₦84 million – ₦90 million)
  • Used Rolls-Royce Phantom (~₦204 million)

7. Phyno – Web Value of $11 million

The music star, Chibuzo Nelson Azubuike aka Phyno was born on the ninth of October 1986.

He reportedly coined his stage title Phyno from the phrase “Phenomenal”, which highlights his personal style and model of music.

Phyno’s internet price is estimated to be $12 million – making him the seventh richest musician in Nigeria.

Phyno is a person with totally different skills that extends even to the educational world. The extent of his training with a level in Public Admin is sufficient to get you pondering that he mustn’t have grow to be a musician; however right here he’s, a really profitable musician.

Undoubtedly, deciding to make music was an excellent transfer by Phyno as this has thrown him to the highlight.

Top 10 list of richest Nigerian musicians and artists

Phyno is a person with totally different skills and one of many prime ten richest musicians in Nigeria

Phyno hails from Anambra State being from a household of 5; he’s the fourth little one with one brother and three elder sisters.

He was raised at Enugu State the place he accomplished his education and began his music profession.

Phyno wished to be a pilot or a health care provider. He performed drums and piano, and on the identical time may create his rendition of each recording he heard.

Fortuitously, he had chosen to grow to be a musician, and it was the correct selection that introduced him $11 million.

The singer began his profession in 2003 and even moved to Lagos for his careers. He has additionally acted as a producer for such well-known stars as Flavour, Timaya, Mr Uncooked and several other others.

He’s a really shut pal of Olamide Baddo, as they each carry the pleasure of their native identities being the Igbo and Yoruba languages, respectively.

Phyno has obtained about 5 correct awards like the very best collabo, tune of the 12 months awards, and others amidst many nominations in numerous musical classes.

Top 10 list of richest Nigerian musicians and artists

Being one of many richest musicians in Nigeria, Phyno owns many extravagant belongings corresponding to homes and unique automobiles

Phyno’s Automobiles and Homes

Being one of many richest musicians in Nigeria, Phyno owns many extravagant belongings corresponding to a 3 bed room duplex price about N170 million at Chevy View Property, Chevron Drive in Lekki, and one other mansion at Enugu State.

He additionally owns costly automobiles together with a Rolls Royce Phantom:

  • Rolls-Royce Phantom (~₦204m)
  • Lamborghini Gallardo Spyder (₦74.6 million – ₦117.9 million)
  • Polaris Slingshot (~₦7.3 million)
  • Bentley GT Coupe (~₦72.7 million)
  • Vary Rover Sports activities (₦84 million – ₦90 million)
  • Toyota Avalon (~₦11 million)

8. Timaya – Web Value of $10.5 million

“The plantain boy” as Timaya all the time calls himself was born on the fifteenth of August, 1980.

His official title is Initime Alfred Odom. He began a music group known as ‘Dem Mama Troopers’ which is what he used as a platform to set off on his musical profession.

Timaya’s internet price is estimated to be $12 million – making him the eighth richest musician in Nigeria.

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The King of Dancehall in Nigeria started his music profession from the decrease ranks and even was a backup singer for some musicians earlier than going solo with the assistance of Okay Solo.

His music profession noticed the discharge of his first tune professionally in 2005, titled “True Story” after which subsequent ones surfaced like “Present and Grace” launched in 2008 in addition to De Rebirth. Timaya rose to worldwide recognition and prominence after his third album ‘Rebirth’.

He now owns the DM document label which he signed King Perry to. This was after the likes of Patoranking and Runtown had been groomed to shine.

Top 10 list of richest Nigerian musicians and artists

Timaya the quantity seven among the many prime ten richest musicians lives a snug life as he has a mansion price ₦250 million at Lekki, Lagos State and plenty of exotics automobiles

Timaya’s homes and automobiles

Timaya has a mansion price ₦250 million at Lekki, Lagos State. In case you are an lively follower of Nigerian artists on Instagram, you should have been absolutely knowledgeable of his 3 Mercedes G-Wagon automobiles in numerous colors which as soon as went viral on the social medium platform.

Beside the Benzs, Timaya’s automobile assortment is enviable with different costly rides, see under:

  • Porsche 911 Carrera (~₦42 million)
  • 2 Vary Rover Sports activities (₦84 million – ₦90 million)
  • Mercedes-Benz G55 AMG (₦60 million – ₦85 million)
  • Mercedes-Benz GLE (₦20 million – ₦22 million)
  • Bentley Continental GT (~₦76 million)
  • Lexus LX570 2015 (₦29,000,000 – ₦39,000,000)
  • Used Lexus GX 460 (₦25 million – ₦42 million)

9. Peter Okoye and Paul Okoye – Web Value of $10 million every

Peter and Paul Okoye, the dual music artists turned stars from standing collectively to type the P-Sq. identification.

They have been born in November 1981; in Jos, Plateau State and had efficiently constructed their music profession till they parted methods attributable to misunderstanding.

Paul Okoye now has a solo profession similar to his brother Peter and is understood below the stage title Rudeboy. Peter is constructing a profession on his personal too.

Peter or Mr P as he’s popularly identified, had made ambassadorship offers with corporations like Kia Motors in addition to Olympic Milk. 

Top 10 list of richest Nigerian musicians and artists

Peter Okoye identified along with his stage title Mr P flaunts his unique automobiles and homes in Lagos state

Mr P’s Automobiles and Mansion

Mr P has a mansion in Lagos, Nigeria, and one other one in Atlanta, USA. He’s additionally an actual automobile collector. He owns beautiful automobiles that aren’t inferior to any superstar, together with:

  • 2 Vary Rovers (₦50 million – ₦82 million)
  • BMW X6 (₦23.5 million – ₦28 million)
  • Dodge Challenger (₦10.8 million – ₦22 million)
  • Porsche 718 Cayman (~ ₦22 million)
  • Mercedes AMG GL63 (~₦45 million)
  • Bentley Mulsanne (~₦125 million)
  • Jeep Wrangler (~ ₦12.6 million)
Top 10 list of richest Nigerian musicians and artists

Paul Okoye popurlarly referred to as Impolite Boy poses along with his automobiles

Paul Okoye (Rudeboy)’s Automobiles and Mansion

Paul Okoye, at present referred to as RudeBoy, has homes in Nigeria and outdoors the nation, and not one of the homes is lower than mansions.

His collections of automobiles embody Rolls-Royce Phantom (~₦204 million)

  • Rolls Royce Ghost (₦191 million – ₦247 million)
  • Land Rover Vary Rover (₦50 million – ₦82 million)
  • Lamborghini Gallardo (₦74.6 million – ₦117.9 million)

10. Flavour – Web Value of $9.5 million

Chinedu Okoli, popularly referred to as Flavour was born on the twenty third of November 1983 in Enugu State. He’s from Orumba South Native Authorities Space in Umunze, Anambra state.

Flavour’s internet price is estimated to be $12 million – making him the tenth richest musician in Nigeria.

Music for Flavour began on the age of 13, he began as a younger boy that likes to drum, turned the drummer for his church choir on the time.

His skilled drum profession began within the 12 months 1999 after he studied music attributable to an invite to affix the skilled music firm on the grounds of scholarship.

Top 10 list of richest Nigerian musicians and artists

Chinedu Okoli, popularly referred to as Flavour, born on the twenty third of November 1983 in Enugu state hails from Orumba South Native Authorities Space in Umunze, Anambra state, Flavour is the tenth richest Nigerian musician

In his first album, ‘Nabania’, which introduced him to the limelight, Flavour collaborated with Mr Uncooked.

Flavour has acquired numerous awards for various classes corresponding to 2014 Channel O Music Video Awards, Most Gifted Afro Pop “Ada Ada” Nominated

  • 2014 Nigeria Leisure Awards Indigenous Artist of the Yr Nominated
  • He additionally gained Greatest Conventional Artist -Greatest Video of the Yr “Ada Ada” – Received
  • Metropolis Individuals Leisure Awards Musician Of The Yr (Male) Nominated
  • Greatest Collabo of the Yr “Oh! Child (You & I)”(Chidinma that includes Flavour N’abania) Nominated
  • Video of the Yr “Ada Ada” – MTV Africa Music Awards 2014 – Greatest Stay Act
Top 10 list of richest Nigerian musicians and artists

Flavour has an excellent sense of automobile selections, listed here are his unique automobiles

When one talks about celebrities identified for unique existence, Flavour cannot be exempted from this subject material. Flavour has an excellent sense of automobile selections. His automobile collections embody:

Flavour’s Automobiles

  • Lexus LX 570
  • Black Mercedes Benz G-wagon (40 million)
  • Land Rover (N25 million)
  • BMW X6 (18 million)

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