One of the most promising businesses in West Africa is the music industry which is the bedrock of the richest musicians in Nigeria currently. Besides raking in billions of dollars from rich oil reserves, entertainment is another goldmine here.
The Nigerian music industry is on a worldwide streaming binge. Some of the world’s most renowned musicians can’t trade Naija for any other country. The Nigerian-inspired Afrobeats genre, enjoys widespread acclaim.
It positively impacts how people view Africa, particularly Nigerian music. The glory of this genre birthed a crop of super-wealthy artists. This article gives you a rundown of rich musicians from Nigeria.
Davido ($45 Million)
Davido is the son of Dr. Adedeji Adeleke, a billionaire politician who is worth $45 million. The singer launched his debut album under the name “Duro,” which made history in the entertainment sector in 2011.
In 2016, he launched his label DMW, thereby, cementing his status as the king of the richest musicians in Nigeria currently. He has many awards to his name and an enviable lifestyle that many can only dream of.
Davido owns a luxurious home in Atlanta and back home in Nigeria. Some of his sleek rides include:
- Range Rover Sports
- Porsche Panamera Turbo S
- Toyota Landcruiser
- Chevrolet Camaro
- Audi R8
- Bentley Bentyaga
- Bentley Continental GT
- Rolls Royce Cullinan 2019
Wizkid ($38 Million)
The Ikeja-born Afrobeats crooner is among the richest musicians in Nigeria currently, his net worth north of $38 million. He is the pride of the most streamed Naija artist in the world. Wizkid holds a special medal in Spotify, Apple Music and Mdundo online streaming platforms.
According to Billboard, he is the most successful African musician in terms of charting on its charts for the longest time. This is courtesy of his record-breaking hit ‘Essence’ off ‘Made in Lagos’ album.
The father of two is the first Nigerian to sell out the 02 arena in London three days in a row. Wizkid epitomises the fusion of African inspirations and sonics from around the world.
His music is a blend of R&B, pop, and reggae that crosses timeframes and cultures with unmistakably African roots. He is a representation Nigerian music a whole. As a man of means he drives top-of-the-range vehicles as listed below.
- Porsche Panamera
- BMW X6 crossover
- Mercedes Benz G63 AMG
- Lamborghini Urus
Don Jazzy ($35 Million)
Marvin Records’ founder and producer, Don Jazzy has a net worth of $35 million. He is a co-founder of the renowned tech company Floybt.
He is a brand ambassador for numerous companies and has received numerous honours. Don Jazzy was ranked first in Nigeria and fourth richest artist overall on the Forbes list.
His musical career gained speed after he co-founded Mo-hits recordings with Oladapo Daniel Oyebanjo, better known as Dbanj. With its main performers, Wande Coal, D’Prince, and Dr. Sid, Mo-Hits Records achieved success in the music industry.
However, things took a bad turn, and the Mo-hits group disbanded. This marked the birth of Mavins Records. Here are his daily rides.
- Cadillac Escalade 2016
- Continental Flying Bentley
- Sport Range Rover
- Porsche 911 Carrera
Burna Boy ($17 Million)
Afrobeats musician Burna Boy, also known as Burna Boy, has a net worth of $17 million. He is among the richest musicians in Nigeria currently. His debut album, L.I.F.E, released in 2012, pushed him to stardom.
As one of the early pioneers of the Afrobeat genre internationally, he is a Grammy Award-winning singer and songwriter with six albums to his name. His recent album, ‘Love Damini’ is as successful as his fifth studio album.
His music earned him the status of the ‘African Giant’ who cruises in the following cars:
- G Wagon by Mercedes-Benz
- Ferrari 458 Italia (2013)
- Convertible Rolls Royce
2baba ($17 Million)
2baba is a native of Benue State and established himself as a legendary Afropop performer. His musical acts place him northwards of $17 million in net worth, thereby making him among the richest musicians in Nigeria.
He started his career with the band Plantashun Boiz before going solo. His debut studio album ‘African Queen’ shot him to fame in 2004, and he followed it up with many other major records thereafter.
Additionally, he has received 70 awards. He owns exotic homes in Ikeja, Festac, Lagos Island, and the US, 2baba.