Top 20 Richest Musicians in Nigeria 2024 Forbes
The Nigerian music industry has experienced massive growth and success in recent years, with many artists gaining international recognition and accumulating significant wealth. According to Forbes, here are the top 20 richest musicians in Nigeria as of 2024.
20. Omah Lay – $6 million
Stanley Omah Didia, also known as Omah Lay, is a Nigerian singer, songwriter, and record producer known for his unique sound and soulful voice. Omah Lay’s debut EP “Get Layd” in 2020 became an instant success, followed by successful releases like “Bad Influence” and “You”. His music often focuses on themes of love, heartbreak, and self-empowerment. He has worked with top artists like Justin Bieber and Olamide, further solidifying his position in the industry. Omah Lay has won numerous awards, including the prestigious Headies Award for Next Rated Artist and a BET Award for Best Male Artist. The singer and songwriter has secured multiple endorsement deals with a net worth of $6 million.
19. Fireboy DML – $7 million
Adedamola Adefolahan, known as Fireboy DML, is a Nigerian singer, songwriter, and record producer. He was born on June 5, 1999, in Abeokuta, Ogun State, Nigeria. Fireboy’s debut single “Jealous” in 2019 became a massive hit, followed by successful releases like “What If I Say” and “Scatter”. Fireboy has consistently released hit songs and albums, solidifying his position as one of the leading artists in the Nigerian music industry. The singer and songwriter has built a successful career with a net worth of $7 million.
18. Joeboy – $8 million
Joseph Akinwale Akinfenwa, known as Joeboy, is a Nigerian singer, songwriter, and record producer. He was born on May 21, 1997, in Lagos State, Nigeria. Joeboy’s debut single “Baby” in 2019 became an instant hit, followed by successful releases like “Beginning” and “Alcohol”. His music often focuses on themes of love, self-empowerment, and personal growth. Joeboy has worked with top artists like Mr. Eazi, Tiwa Savage, and Davido, further solidifying his position in the industry. The singer and songwriter has secured numerous endorsement deals with a net worth estimated at $8 million.
17. Naira Marley – $9 million
Azeez Adeshina Fashola, known as Naira Marley, is a Nigerian singer, songwriter, and record producer. He was born on May 10, 1994, in Agege, Lagos State, Nigeria. Naira Marley’s music career took off after his arrest and release from prison in 2019, with hits like “Am I a Yahoo Boy” and “Soapy”. He has worked with top artists like Davido, Wizkid, and Tiwa Savage, further solidifying his position in the industry. Naira Marley’s music is known for its raw energy, honesty, and authenticity, making him a standout in the Nigerian music scene. The singer and songwriter has built a successful career with a net worth of $9 million.
16. Rema – $10 million
Divine Ikubor, known as Rema, is a Nigerian singer, songwriter, and record producer. He was born on May 1, 2000, in Benin City, Edo State, Nigeria. Rema’s debut single “Iron Man” in 2019 gained widespread attention, followed by hits like “Dumebi” and “Bad Commando”. He has collaborated with global artists like Drake, 6LACK, and Lil Nas X, solidifying his position as a rising star in the global music scene. Rema has won numerous awards, including the prestigious Headies Award for Next Rated Artist. The young singer and rapper has secured numerous endorsement deals and has a net worth of $10 million.
15. Zlatan Ibile – $12 million
Omoniyi Temidayo Raphael, known as Zlatan Ibile, is a Nigerian rapper, singer, songwriter, and record producer. He was born on December 19, 1994, in Lagos State, Nigeria. Known for his electrifying performances, which have earned him a reputation as one of the most exciting live acts in Africa. The rapper and songwriter has built a successful career with a net worth of $12 million.
14. Yemi Alade – $15 million
Yemi Eberechi Alade, known as Yemi Alade, is a Nigerian singer, songwriter, and actress. She was born on March 13, 1989, in Abia State, Nigeria. A versatile singer and songwriter, blending Afrobeats with pop and R&B, hits like “Johnny” and “Tumbum”. The singer and songwriter has secured numerous endorsement deals and has a net worth of $15 million.
13. Kizz Daniel – $18 million
Oluwatobiloba Daniel Anidugbe, known as Kizz Daniel, is a Nigerian singer, songwriter, and record producer. He was born on May 1, 1994, in Abeokuta, Ogun State, Nigeria. Grew from a teenage sensation to a leading Afrobeats artist, known for hits like “Woju” and “Mama”. The singer and songwriter has built a successful career and has a net worth of $18 million.
12. Mr. Eazi – $20 million
Oluwatosin Ajibade, known as Mr. Eazi, is a Nigerian singer, songwriter, and record producer. He was born on July 4, 1991, in Port Harcourt, Rivers State, Nigeria. He popularized the “Banku” sound, blending Afrobeats with international styles, hits like “Leg Over” and “Pour Me Water”. The singer and entrepreneur has secured numerous endorsement deals with a net worth estimated at $20 million.
11. Phyno – $20 million
Chibuzor Nelson Azubuike, known as Phyno, is a Nigerian rapper, singer, songwriter, and record producer. He was born on October 9, 1986, in Enugu State, Nigeria. He takes the lead in the “Igbo rap” genre, blending hip-hop with traditional Igbo music, known for hits like “Fada Fada” and “Pino Pino”. The rapper and record label owner has built a successful career with a net worth of $20 million.
10. Flavour Nabania – $20 million
Chinedu Okoli, known as Flavour, is a Nigerian singer, songwriter, and record producer. He was born on November 23, 1983, in Enugu State, Nigeria, and fused traditional Igbo music with contemporary styles, creating hits like “Nwa Baby” and “Ada Ada”. The highlife musician has secured numerous endorsement deals and has a net worth of $20 million.
9. P-Square (Peter & Paul Okoye) – $25 million
Peter and Paul Okoye, known as P-Square, are Nigerian singers, songwriters, and record producers. They were born on November 18, 1981, in Jos, Plateau State, Nigeria. Dominated the Nigerian music scene in the 2000s and 2010s with their R&B-infused Afrobeats sound, hits like “Personally” and “Bank Alert”. The twin brothers have built a successful music career and have a combined net worth of $25 million
8. Timaya – $30 million
Enitimi Alfred Odom, known as Timaya, is a Nigerian singer, songwriter, and record producer. He was born on August 29, 1980, in Port Harcourt, Rivers State, Nigeria. A starter of the “Dem Mama” sound, blending Afrobeats with dancehall and reggae, known for hits like “Plantain Boy” and “Sanko”.
Timaya’s net worth has risen to $30 million with his successful music career and business ventures.
7. Tiwa Savage – $35 million
Tiwatope Savage-Balogun, known as Tiwa Savage, is a Nigerian singer, songwriter, and actress. She was born on February 5, 1980, in Isale Eko, Lagos State, Nigeria. Dubbed the “Queen of Afrobeats”, she has consistently pushed the genre’s boundaries with hits like “Koroba” and “49-99”. The queen of Afrobeats has secured numerous endorsement deals and has a net worth of $35 million.
6. 2Baba – $40 million
Innocent Ujah Idibia, known as 2Baba, is a Nigerian singer, songwriter, and record producer. He was born on September 18, 1975, in Jos, Plateau State, Nigeria. A veteran musician and activist, known for his socially conscious lyrics and hits like “African Queen” and “E Be Like Say”. 2Baba has built a business empire, and has a net worth of $40 million.
5. Olamide – $45 million
Olamide Adedeji, known as Olamide, is a Nigerian rapper, singer, and songwriter. He was born on March 15, 1989, in Bariga, Lagos State, Nigeria. Popularized the “Shaku Shaku” dance and sound, dominating the Nigerian music scene with hits like “Bobo” and “Wo!”. With his successful music career and record label, Olamide’s net worth has risen to $45 million.
4. Don Jazzy – $50 million
Michael Collins Ajereh, known as Don Jazzy, is a Nigerian record producer, singer, songwriter, and record executive. He was born on November 26, 1982, in Umuahia, Abia State, Nigeria. Started the Afrobeats movement as a producer and singer, launching the careers of many successful artists. As a producer and record label owner, Don Jazzy has played a significant role in shaping the Nigerian music industry and has amassed a net worth of $50 million.
3. Wizkid – $65 million
Ayodeji Ibrahim Balogun, known as Wizkid, is a Nigerian singer, songwriter, and record producer. He was born on July 16, 1990, in Surulere, Lagos, Nigeria. Started as a teenage sensation, and spread into a global superstar with collaborations like “Essence” and “Come Closer”. With numerous hit songs and collaborations with international artists, Wizkid’s net worth has risen to $65 million.
2. Burna Boy – $80 million
Damini Ebunoluwa Oyedepo, known as Burna Boy, is a Nigerian singer, songwriter, and rapper. He was born on July 2, 1991, in Lagos, Nigeria. He rose to fame with his Afrobeat sound, blending traditional Yoruba music with contemporary styles. Known for his hits like “African Giant” and “On the Low”.
The Grammy Award-winning singer and songwriter has built a lucrative career and business empire, with a net worth estimated at $80 million.
1. Davido – $100 million
David Adedeji Adeleke, known as Davido, is a Nigerian singer, songwriter, and record producer. He was born on November 21, 1992, in Atlanta, Georgia, USA. He built a career on his unique blend of Afrobeats and hip-hop, with hits like “Fall” and “If”. The DMW boss has built a music empire and secured multiple endorsement deals, with a net worth estimated at $100 million.
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