• Entertainment - Featured
  • Updated: June 16, 2021

10 Richest Musicians In Nigeria

10 Richest Musicians In Nigeria

Today, there are many wealthy Nigerian celebrities; some of them are well known while others have continued to shun the public eye. This write-up shines the spotlight on ten of them.

10. Flavour (Net Worth $9.8 million) 

Flavour | Image Source: InstagramFlavour | Image Source: Instagram

Born on November 23, 1983, Flavour (real name Chinedu Okoli) is a singer, songwriter, and instrumentalist known for his infectious songs and sensual dance routines.

He started his music career at the age of 13 when he became a drummer for his church choir. His net worth is estimated to be $9.8 million in 2021, securing him the number 10 spot on the list.

Below are some of the singer's most prized assets:

Lexus LX 570 (N44 million)

Mercedes Benz G-wagon (N40 million)

Land Rover (N25 million)

BMW X6 (N18 million)

9. Peter and Paul Okoye (Net Worth: $10 million each)

Peter and Paul Okoye | Image Source: BellaNaijaPeter and Paul Okoye | Image Source: BellaNaija

The twins formerly known as P-Square were born on November 18, 1981. They both grew up singing and dancing as they were influenced by the late King of Pop Michael Jackson.

Their first album Last Night was released in 2003, and five subsequent studio albums followed. Since the dissolution of the group in 2017, they have become known as Mr. P and Rude Boy.

Mr. P | Image Source: InstagramMr. P | Image Source: Instagram

Mr. P's 'toys' include the following:

Bentley Mulsanne (N125 million)

Two Range Rovers (Between N50 million to N82 million)

Mercedes AMG GL63 (N45 million)

BMW X6 (Between N23.5 million to N28 million)

Porsche 718 Cayman (N22 million)

Jeep Wrangler (N12.6 million)

Dodge Challenger (Between N10.8 million to N22 million)

Rude Boy | Image Source: InstagramRude Boy | Image Source: Instagram

Rude Boy's assets include:

Rolls Royce Phantom (N204 million)

Rolls Royce Ghost (Between N191 million to N247 million)

Lamborghini Gallardo (Between N74.6 million to N117 million)

Range Rover (Between N50 million to N82 million)

8. Timaya (Net Worth: N10.5 million)

Timaya | Image Source: InstagramTimaya | Image Source: Instagram

The "Egberipapa' master's real name is Inetimi Timaya Odon, and he hails from Bayelsa State. He began his solo career in 2005 with the release of the album Dem Mama.

He established his own label, DM Records Limited, grooming artists like Patoranking and Runtown. He has an estimated net worth of N10.5 million.

Timaya's luxurious automobiles include the following:

2 Range Rover Sports (Between N84 million to N90 million)

Bentley Continental GT (N76 million)

Mercedes Benz G55 AMG (Between N60 million to N85 million)

Lexus LX570 2015 (Between N29 million to N39 million)

Lexus GX 460 (Between N25 million to N42 million)

Mercedes Benz GLE (Between N20 million to N22 million)

7. Phyno (Net Worth: $11 million)

Phyno | Image Source: InstagramPhyno | Image Source: Instagram

Phyno was born Chibuzor Nelson Azubuike on October 9, 1986, and is a rapper, singer, and songwriter. His career kicked off in 2003 as a producer. His debut studio album was released in 2014.

His unique flow and ability to rap fluently in the Igbo language have made him one of the country's most outstanding artists. He has featured many other prominent artists and has been featured by them as well.

Phyno occupies the number seven position with an estimated net worth of $11 million. Below is the list of his lush cars:

Rolls Royce Phantom (N204 million)

Range Rover Sports (Between N84 million to N90 million)

Lamborghini Gallardo Spyder (Between N74.6 million to N117 million)

Bentley GT Coupe (N72.7 million)

Toyota Avalon (N11 million)

Polaris Slingshot (N7.3 million)

6. Olamide (Net Worth: $12 million)

Olamide | Image Source: InstagramOlamide | Image Source: Instagram

Since he hopped onto the Nigerian music scene in 2011, Olamide Gbenga Adedeji, better known as Olamide has captured the hearts of many with his remarkable tracks and relatable vibe.

With nine albums to his name, several awards, and his own record label (YBNL), Olamide remains a force to be reckoned with. His net worth is estimated at $12 million.

Olamide's garage is filled with exotic cars which include:

Rolls Royce Phantom (N204 million)

Range Rover Sports V8 (Between N84 million to N90 million)

Mercedes Benz G-wagon (N23 million)

Range Rover Sports (N15 million)

Toyota Venza (N6 million)

5. 2Baba (Net Worth: $16 million)

2Baba | Image Source: Instagram2Baba | Image Source: Instagram

Despite numerous artists springing up in the country, 2Baba (formerly known as Tuface) has continued to remain relevant in the entertainment industry.

With his music career dating as far back as 1996, the artist is one of the few who have consistently kept music fans enthralled. His song African Queen remains one of the nation's most beloved melodies.

2Baba's net worth is estimated to be $16 million; no surprise there considering his impressive fleet of cars and properties. He reportedly owns houses in the United States and in Nigeria, and some of his vehicles are:

Ferrari Coupe (Between N57 million to N80 million)

Chevrolet Corvette Coupe (N45 million)

Toyota Landcruiser Prado (Between N30 million to N52 million)

4. Burna Boy (Net Worth: $17 million)

Burna Boy | Image Source: InstagramBurna Boy | Image Source: Instagram

Burna Boy rose to prominence in 2012 with the release of the single Like to Party. Since then, he has become a musical behemoth, becoming the first artist in the country to win a Grammy Award for his album Twice As Tall.

Thanks to him, the Afrobeat genre has spread to many parts of the world, making him one of Africa's top-performing stars. He has a net worth of $17 million, and some of his fancy cars include:

Rolls Royce Dawn Convertible (N125 million)

2013 Ferrari 458 Italia (N88 million)

Mercedes Benz G-wagon (N23 million)



3. Don Jazzy (Net Worth: $18.5 million)

Don Jazzy | Image Source: InstagramDon Jazzy | Image Source: Instagram

Don Jazzy is unarguably Nigeria's number one producer. Born on November 26, 1982, he became interested in music when he was 12, and began to play the piano and bass guitar.

Under his defunct Mo' Hits Label, he discovered notable artists like D'banj, Wande Coal, K-Switch, and D'Prince. Since the establishment of his Mavin Records label, he has signed stars like Tiwa Savage, Korede Bello, and Reekado Banks.

With an estimated net worth of $18.5 million, the Don sits comfortably in the number three position, with landed properties in Los Angeles, Banana Island, and Lekki. His cars include:

Porsche 911 Carrera (N42 million)

Cadillac Escalade (N27.2 million)

Bentley Continental (N25 million)

Mercedes Benz E350 (N20 million)

2. Davido (Net Worth: $19.5 million)

Davido | Image Source: InstagramDavido | Image Source: Instagram

David Adedeji Adeleke, known professionally as Davido, took the entertainment industry by storm when he rose to fame after the release of the song Dami Duro in 2011.

Since then, it has been an uphill climb for the energetic singer who has received numerous accolades in his stellar career. He is reportedly worth $19.5 million, with a dazzling array of autos which include the following:

Rolls Royce Cullinan 2019 (N350 million)

Bentley Bentayga (N108 million)

Range Rover SV Autobiography (N98 million)

Bentley Continental GT (N95 million)

Range Rover Sports (Between N84 million to N90 million)

Mercedes AMG GLS63 (N45 million)

Toyota Land Cruiser (N30 million)

1. Wizkid (Net Worth: $21 million)

Wizkid | Image Source: InstagramWizkid | Image Source: Instagram

The Starboy himself sits atop this list with an estimated net worth of $21 million. One of the biggest artists on the African planet, Wizkid is currently the most decorated Nigerian artist, and one of the most revolutionary Afro Pop stars in contemporary times.

Discovered by Banky W, he released his first album Superstar in 2011. It was a critical and commercial success, enjoying airplay in many stations and launching him to stardom.

Besides his music career, Wizkid has bagged different endorsement deals. His luxury cars include:

Lamborghini Urus (N80 million)

Mercedes Benz G63 AMG (Between N55 million to N65 million)

Porsche Panamera (N50.8 million)

BMW X6 Crossover (N8.7 million)

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