Absolute best 10 richest musicians in Nigeria (2022)

The Nigerian observe trade is one of the fastest-growing industries in Africa. Here is a report of the best possible 10 richest Nigerian musicians in 2022, ranked in step with their internet value, awards, and investments.

Nigeria’s observe trade has been on a global streaming spree as probably the most an important fastest-growing industries nationwide, with notable musicians ranked some of the richest musicians in Nigeria, Africa. The trade has moreover produced probably the most necessary globe’s most treasured artists and musicians.

Riding on the pedestal of worldwide popularity, the Afro Beats taste inspired by the use of Nigeria has affected the full trust of Africa and in particular Nigerian observe for excellent.

The trade’s success can be attributed to Nigerian musicians similar to Wizkid, Don Jazzy, Phyno, Tuface Idibia, Davido, and others. The ones artists above have moreover produced probably the most necessary very good trending songs in Nigeria in 2022.

This text captures the best possible 10 richest musicians in Nigeria in 2022, their internet worths, assets, and cars. One of the most musicians that made it to our 2022 report were moreover among our top richest musicians in 2021 and 2020.


Absolute best 10 richest Nigerian musicians 2022(Ranked)



Internet value



$30 million



$21 million


Don Jazzy

$20 million



$20 million



$18 million



$16 million



$15 million



$12 million



$11.4 million





1.Wizkid – $30 million in internet value

Wizkid-the richest musician in Nigeria

Ayodeji Ibrahim Balogun aka Wizkid is the number one richest musician in Nigeria inside essentially the most good 10 richest musicians report throughout the country.

Wizkid’s internet value is estimated at $30 million as of 2022. The afrobeat singer and father of two is the principle Nigerian to have introduced out the 02 arenas UK 3 days in a row.

Given that debut album Holla at your boy, Wizkid has broken many observe knowledge on the national and world levels.

By means of taking a closer take a look at Wizkid’s strides right through the twelve months 2022, his upward push to the best possible spot of the richest musicians in Nigeria 2022 would now not come as a surprise. The 32-year-old, Essence crooner arrived throughout the Nigerian observe trade in 2009 after he was once signed into Empire Friends Recreational.

On January 2, 2010, Wizkid made his debut album, “Holla at your boy” which bagged him the Next Rated award at The Headies 2011. By means of June 12, 2011-Wizkid’s “Superstar” studio album marked a turning degree in his observe occupation. The “Superstar” album ranks as very good selling afrobeat album with over 5 million product sales in copies between 2011-2012.

In line with Apple Monitor, probably the most an important greatest streaming giants spherical, Wizkid is “a specialist for now not most straightforward the sounds of Lagos alternatively Afrobeats as a whole, Wizkid embodies the intersection of African influences and sonics from around the globe—a mixture of R&B, pop, and reggae that spans timelines and cultures with decidedly African roots.”

Categorized as necessarily essentially the most streamed Nigerian musician on the planet, and the richest musician in Nigeria, Wizkid’s success is truly a global phenomenon – whose impact and that of others have recast Nigeria proper right into a transnational observe epicenter.

An award-winning singer, Wizkid’s observe prowess earned him collaborations with world artists similar to Canadian rapper Drake in 2016(One Dance), which entered the Guinness E-book of Knowledge for necessarily essentially the most carried out track on Spotify.

His track with Beyonce on her ‘Lion King: Provide album,’ ‘Brown Pores and pores and skin Lady,’ won a Grammy award for  Best Monitor Video.

Final twelve months, 2021, his hit album “Made In Lagos” recorded raving success as his single “Essence” that comes with Tems received world recognition and topped the charts. Essence was once nominated for a Grammy award as Best International track of the twelve months alternatively out of place to Angelique Kidjo.

Wizkid has made a name for himself throughout the trade and bagged numerous endorsement provides, contributing to his immense financial success and internet value.

Wizkid’s house and cars

Wizkid has a luxurious mansion in Surulere value about N13 million and every other in the united states, Los Angeles, particularly. Among Wizkid’s car collections are:

  • BMW X6 crossover (₦8.7 million)
  • Porsche Panamera (~₦50.8 million)
  • Lamborghini Urus (₦80 million)
  • Used Mercedes Benz G63 AMG (₦55 million – ₦65 million)

2. Davido-Internet value is $29 million

Davido one of the richest musicians

Nigerian-American David Adeleke is the second richest musician in Nigerian 2022, with a heavy internet value estimate of $29 million.

Forbes moreover categorized the DMW chairman as an Afrobeats superstar by the use of FORBES in 2020. Irrespective of his silver spoon background, he has earned his place throughout the observe trade with necessary hit sounds similar to ‘Fall,’ ‘Assurance,’ ‘If,’ and ‘Dami Duro.

Davido’s debut single, ” Dami Duro” received massive airplay on each and every media outlet – the track was once produced under the HKN record label.

For each of his motion pictures on Youtube, Davido knowledge an average of 20 million views. For the reason that son of regarded as one in every of Nigeria’s wealthiest men, Chief Adeleke, Davido is signed to Sony Knowledge, a label that has housed Tiwa Savage, Tekno, and others.

Surely, the Afrobeat celebrity is regarded as one in every of Africa’s most remarkable musicians. Davido’s business acumen in observe allowed him to grace the Forbes Africa 30 Underneath 30 report in 2018. He is in recent years probably the most an important best-selling observe artists in Africa and world.

He has signed many a good fortune artists like Mayorkun, Dremo, Peruzzi, and others under the DMW record label.

Since his upward push to recognition, Davido has won multiple awards, at the side of BET and MTV awards. He has moreover signed a variety of endorsements with MTN and Guinness Nigeria, endearing him to other producers and further boosting his financial portfolio.

Davido’s endorsements

  • David turn out to be the brand ambassador for Martell Cognac in 2021(€12 million)
  • David is the logo ambassador for Playstation. He presented the deal on March 14, 2022.

Davido’s houses and cars

Davido owns two recognized luxurious homes; his area in Banana Island, Lagos, which costs a reported

  • Rolls Royce Cullinan 2019 (₦350 Million)
  • Bentley Bentayga (₦108 Million)
  • Bentley Continental GT (₦95 Million)
  • Range Rover SV Autobiography (₦98 Million)
  • Land Cruiser Toyota (₦30 Million)

David charges now not the rest less than 10 million in step with show, in step with tales. His primary provide of income to have a networth of $40million is his observe and endorsements.

  • 3. Don Jazzy-Internet value is $20 million


Don Jazzy

Micheal Collins Ajereh aka Don Jazzy is the 3rd richest musician in Nigeria. The ace producer, label record owner, and singer has mapped out his path throughout the observe trade and established himself as knowledgeable.

In 2017 Don Jazzy was once on the Forbes report since the fourth richest African musician and number one in Nigeria.

The CEO of Mavins record, Don Jazzy is value a staggering $20 million greenbacks in step with tales, and this has influenced his way of living conceivable possible choices and preferences.

His occupation in observe picked up momentum after he created Mo-hits records-a company he co-founded with Oladapo Daniel Oyebanjo popularly known as Dbanj.

The Mo-hits knowledge made hits throughout the observe trade with its top artists; Wande Coal, D’prince, Dr sid.

Then again, problems went sour and the Mo-hits group turn out to be defunct. Regardless, the highest of Mo-hits was once the beginning of 1 factor better.

On Would possibly 7, 2012, Don Jazzy’s personal record label MAVIN RECORDS was once born.

The record label has recorded large success with artists like Ayra Starr, Rema, Crayon, Ladipoe, Magixx, Korede Bello, Johnny Drille, and others.

In truth, Tiwa Savage was once the principle Queen of Mavin knowledge previous than she moved on to sign up for the Not unusual group.

Don Jazzy has been a recipient of awards similar to; Producer of the twelve months for the track titled over the moon, pop something, and Mr. Endowed – Headies 2011.

He moreover got a special recognition award – The town People Recreational 2015 and Producer of the year for the track titled “Dorrubucci” at the  Headies 2014.

In keeping with Don Jazzy’s richest musician in Nigeria status, the Mavins CEO has left no stone unturned in making healthy way of living conceivable possible choices in relation to car and house collections.

Don Jazzy’s  cars

  • 2016 Cadillac Escalade(N40 million)
  • Bentley Continental Flying Spur(N90 million-N120 million)
  • Range Rover Sports activities actions(N67million -N80million)
  • Porsche 911 Carrera(N₦1.9million – ₦68million)


  • 4. Burna Boy-Internet value of $20 million


Burna Boy

Damini Ebunoluwa Ogulu, aka Burna Boy, is Nigeria’s 4th richest musician, with a networth of $20 million in 2022. He was once probably the most an important richest musicians in Nigeria throughout the 2021 and 2020 lists.

The Grammy award-winning singer, rapper, songwriter, and dancer is one of the forerunners of the Afrobeat taste all over the world. The River state indigene, Burna Boy, rose to national acclaim in 2012 after he introduced ‘Like to Party’ from his debut album L.I.F.E.

Between 2019 and 2022, Burna Boy won Best World Act at the 2019 BET Awards and was once presented as an Apple Monitor Up, Next artist. At the 2020 Vodafone Ghana Monitor Awards, he was once honoured as African Artist of the twelve months. Within the equivalent twelve months, Burna’s album Two instances as Tall was once nominated for the same elegance at the 63rd Annual Grammy Awards, making him the principle Nigerian with successively nominations at the Grammys.

By means of 2021, Burna Boy bagged the Best World Monitor Album at the 63rd Annual Grammy Awards, a number one for a Nigerian solo artist.

The “Odogwu” crooner in recent years recorded massive success with “Final ultimate,” his first single from his upcoming sixth studio album ‘Love, Damini’; which debuted at #1 on the UK Afrobeats chart.

Burna Boy is the principle artist on the planet with two hits to most sensible at #1 on the chart.

The track, ‘Final Final’ is on other streaming platforms, with over 4 million streams on Spotify. In April, Burna Boy shut down Madison Sq.; he turn out to be the principle Nigerian observe artist to headline a sold-out reside efficiency in Madison Sq. Garden in New York, USA.

Each ticket for the reside efficiency introduced stood at now not the rest less than $80 on an average of $2250. Burna Boy reportedly raked N3 billion naira from the show.

Burna Boy’s house and cars

In line with tales, the “Kill dem” singer bought himself an 8-bedroom distinctive mansion at Lekki in Lagos. The singer moreover owns a dear garage of cars, at the side of;

  • Burna Boy Range Rover Autobiography(N26 million-N38 million)
  • 2022 Lamborghini Urus Novitec Model( N332million)
  • Burna Boy 2013 Ferrari 458 Italia(N120 million)
  • Burna Boy Rolls-Royce Morning time Convertible(N125 million)


  • 5. Tuface Idibia-Internet value is $18 million


2face Idibia

Innocent Ujah Idibia, aka 2Baba, 2Face, is the 5th richest musician in Nigeria, with an estimated internet value of $18 million as of 2022.

He was once moreover on our 2021 report of Nigeria’s top 10 richest musicians.

An indigene of Benue State, 2Face has turn into regarded as one in every of Nigeria’s legendary Afropop artists.

He began his occupation with the Plantashun Boiz group, after which he went solo. The African Queen crooner was once signed to Kenni’s Monitor, and it was once there he introduced his first observe album, ‘African Queen.


African Queen was once the track that presented him to prominence in 2004. Since then, 2Face has consistently made his mark throughout the trade with other hits similar to ‘Amaka,’ ‘Oyi,’ and so on.

He is moreover a recipient of 70 awards, at the side of; the MTV Monitor Awards, Headies, and BET Awards.

2Face is a proud owner of distinctive houses in Lagos; Ikeja, Festac, Lagos Island, and the US. The ‘Amaka’ singer does an excellent means of now not blowing his trumpet on the fleet of cars he owns.

2Face Idibia owns a Ferrari Coupe, Toyota Land Cruiser, and Chevrolet Corvette Coupe. The cars price a whole of  (~₦142milion- ₦177 million)


  • 6. Psquare-Networth is $16 million



Peter and Paul Okoye are probably the most an important richest duos throughout the country, with an estimated internet value of $16 million combined. The twin observe artists turn out to be well known after they formed their Psquare duo.

Peter and Paul were born in November 1981; in Jos, Plateau State. In 2003 they introduced an album titled “Final Nite.” This album was once termed their “massive damage.”

P-square was once doing great once more then; they may value up to 15 million naira for a show.

That that they had already built their observe occupation to an enviable most sensible until their courting strained, they normally parted ways.

The Get a divorce-up and Reunion

When the duo broke up in 2016, that that they had different names, Mr P and Rudeboy.

Their controversial get a divorce had their elder brother Jude Okoye A.k.a Engees, all through it all. In line with tales, as their manager, he was once relieved of his procedure after they parted ways.

After just about six years of feuding, the duo were given right here once more jointly ultimate twelve months and reconciled to do a track together- Jaiye(Ihe Geme).

Mr P cars

Mr P owns a tastefully furnished rental in Banana Island Lagos, and it is value N1.5 billion naira. He moreover owns a dear fleet of cars, at the side of:

  • Range Rover(₦50 million-₦82 million)
  • G Wagon(N70 million-N180 million)
  • Dodge Challenger(N8 million-N36 million)
  • Porsche 718 Cayman(N36 Million-N62 Million)

Rudeboy’s house and cars

Rudeboy owns a dear property in Parkview Belongings, Ikoyi Lagos, Nigeria. He moreover has a variety of cars, at the side of:

  • Bentley Bentayga(N80 million-N170 million)
  • Mercedes-Benz GLE43 AMG 4MATIC Coupe(N36 million-N90 million)
  • Lamborghini Aventador Roadster(₦140 million – ₦282 million)
  • Lamborghini Huracan(₦80 million – ₦120 million)
  • 7. Olamide-Internet value is $15 million


Olamide Baddo

Olamide Adedeji, aka Baddo Sneh, is the 7th richest Nigerian musician in 2022, with an estimated internet value of $ 15 million. Olamide was once born on March 15th, 1989, in Bariga, Lagos State.

The indigenous rapper is widely known to sing maximum often in his native language Yoruba, a feature that has endeared him to the streets.

Olamide began his foray into observe with the Coded Tunes label alternatively in recent years runs his record label YBNL Nation, producing artists like Asake, Fireboy DML, Jayboi, and others.

In 2012 Olamide’s observe received prominence after the release of his track, Eni Duro. His 2011 album, Rapsodi, moreover earned him an extra degree throughout the trade.

Rapsodi was once followed by the use of YBNL, his 2nd album that comes with some singles that presented further recognition in a short while.

The ‘Anifowose’ crooner has 10 albums to his name and over 40 Eps. He has moreover bagged a variety of awards throughout the Nigerian observe trade, such since the Best Indigenous Artist and Album of the twelve months.

In recent times in 2021, he teamed up with street talent, Moveable, on his track ‘Zazoo Zeh.’ The track has received national acclaim and accolades.

Olamide has moreover hinted that his next body of work may be his ultimate. He discussed he’s placing on the finishing touches to make it “the most productive.” After ‘Unruly,’ the rapper well-known that he would drop most straightforward singles someday.

Then again, Olamide’s greatest hit inside the rest twelve months was once his feature on Moveable’s Zazu Zeh single.

Olamide houses and cars

Olamide owns two luxurious mansions in Lekki and Bariga, Lagos. His garage could also be stuffed with dear  cars, at the side of:

  • Range Rover Sports activities actions (#15 million)
  • Mercedes-Benz G Wagon (~₦23 million)
  • Range Rover Sports activities actions V8 (₦84 million – ₦90 million)
  • Toyota Venza (#6 million)
  • Rolls-Royce Phantom (~₦204 million)
  • 8. Phyno-Internet value is $12 million



Azubuike Nelson, aka Phyno, is Nigeria’s 8th richest musician, with an estimated internet value of $12 million in 2022. The Anambra state born to begin with wanted to turn into a systematic doctor, alternatively his musical talent prevailed over his lofty ambition.

And in this day and age, since 2003, when he began his observe occupation, Phyno has acted as a producer for such widely recognized stars as Flavour, Timaya, Mr Raw, and others.

Phyno and Olamide Baddo have something in now not abnormal; they rap in their indigenous language. And they are moreover close pals.

Phyno is a recipient of awards, at the side of the most productive track of the twelve months award and the most productive collaboration.

He moreover has observe collaborations with Flavour throughout the track, ‘Doings’ and a team-up with DJ Kaywise to send the banger, ‘Highway’ in 2020.

At the end of  2020, Phyno introduced his track’s skilled video, ‘For The Money,’ that comes with Perruzi. ‘For The Money’ were given right here shortly after freeing his 2020 debut single, ‘Under no circumstances.

He made his appearing debut in Genevieve Nnaji’s ‘Lionheart’ in 2018. Phyno bagged endorsement provides with Nairabet, Nigeria breweries, Airtel Telecommunications, and others.

Phyno’s cars and houses.

He is the proud owner of a million-naira flat duplex at Chevron Power. The rental reportedly price about ₦170 million and has 3 bedrooms.

Phyno reportedly owns a ₦70m sumptuous house in Enugu – his homeland. He moreover owns a flashy report of cars.

  • Bentley Continental GT(₦73.7 million)
  • Rolls Royce Phantom(₦170 million)
  • Toyota Avalon(₦13 million)
  • Range Rover sport(₦90 million)


  • 9. Timaya-Internet value is $11.4million



Inetim Timaya Odom, famously known as Timaya or “plantain boy,” was once born on the 15th of August, 1980.

He is the 9th richest Nigerian musician with a internet value of $11.4 million.

Timaya’s began with a observe group known as ‘Dem Mama Squaddies. In 2007 he introduced ‘True Story”. True Story was once carefully followed by the use of other massive hits like ‘Provide and Grace’ introduced in 2008, and De Rebirth, his third album.

The 41-year-old Timaya is the CEO of the DM record label, which he signed King Perry. Runtown and Patoraking were moreover under the record label.

Timaya’s house and cars

Timaya in recent years owns a delectable ₦250 million mansion at Lekki, Lagos State. The singer not at all fails to show off, in particular at the side of his viral Mercedes G-Wagon cars in a lot of colours, which once went viral on social media.

Indisputably Timaya has an enviable care collection at the side of;

  • Mercedes-Benz GLE (₦20 million – ₦22 million)
  • Bentley Continental GT (~₦76 million)
  • Lexus LX570 2015 (₦29,000,000 – ₦39,000,000)
  • Mercedes-Benz G55 AMG (₦60 million – ₦85 million)
  • 10. Asa- Networth of $10.5million



Asa Bukola Elemide, aka Asa, is a Nigerian/French musician who were given right here into the limelight at the side of her debut single, “Eye Adaba.”

Her album “Asa” made her the winner of the French Constantin Award in 2008, from among ten singers judged by the use of a jury of 19 observe trade experts in Paris.

Asa has won a variety of awards, at the side of a nomination for “Best R&B/Pop Album,” “Best Variety Monitor,” “Best Vocal Potency (Female),” and “Best Recording of the 12 months” at the 2015 Headies.

After a temporary hiatus, Asa returned at the side of her new album “V” in 2022. Asa lives a quiet life and has saved her business private, so her cars and houses are unknown.

Presently, Asa is reportedly value $10.5 million.


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