It is no longer a news that musicians makes a huge amount of money in the music industry. All of you knew quit well that if you are lucky to be among the popular musicians in Nigeria, your life will change instantly. If they don’t make money in it, why are so many people striving and promoting their songs so that they will become popular?
The Nigerian music industry is an ocean of money, it doesn’t give you money alone, it also gives you fame. Many people will be talking about you and your songs. Girls will also be crushing on you – smiles.
Today am going to show you the updated list of the Top 10 Richest Musician in Nigeria. Am also going to show you their net worths in dollars. Least get started!
10. Flavour – $9.5 million
Flavour whose real name of Chinedu Okoli, is a very successful Nigerian musician, singer and songwriter. He is sometimes referred to as “Flavour N’Abania” which is the first music album that he released in the year 2005. He was born in the year 1983 in Enugu State, so he is 36 years old as of now. He began his music carrrer when he was a teenager. Then he was a drummer in his local church at Enugu State, Nigeria. He is popularly known across the African continent for his hit track “Nwa Baby” which is the remix of his trending song Ashawo.
He gained prominence in 2005, after releasing the album “N’abania” then in the year 2012, he released his second debut album “Uplifted” It contained some of his popular songs like “Adamma” and “Oyi remix” Two years later In 2012 he released his third musical album “Blessed” followed by “Thankful” in 2014 and his last album “Ijele” in 2017. He also featured Matercraft in the song “Equipment“
He has won many national and international awards, in 2014 he won the African Muzik Magazine Awards, and also MTV music award.
9. Peter and Paul Okoye – $10 million each
Peter and Paul Okoye as you all know are twin brothers who are popularly known by their stage name as “P-square” they were born in the year 1981 in Ifite Anambra State, Nigeria. They grew up in Plateau Jos where they started their music career. They attended Murumba secondary school, they joined their school’s music and drama group. They later formed another music group they named “MMMPP” (M Clef a.k.a. Itemoh, Michael, Melvin, Peter and Paul).
They continued singing and dancing because of the inspiration they got from the late American singer Michael Jackson. They gained prominence in the year 2001 after they won the “Grab Da Mic” award. Shortly after, they released their first debut music album which was titled “Last Night“, then their second album “Get Squared” in 2005. They also formed their own record label the square record in 2005. Their third album was “Game Over” realeased in the year 2007, it was the most selling albums of the year.
They released their fourth album “Danger” in 2009, they featured the award winning Nigerian musician 2Face in some of the songs on the album. In 2015, they signed a multi-million deal “Dance with Peter“with the Nigerian network provider Globacom.
Peter Okoye got married to his longtime girlfriend, Titilola Loretta Omotayo in the year 2013. Many public figures like Dangote attended his wedding ceremony.
Paul Okoye on the other hand, got married to a girl he met in the year 2004. The girl whose name is Anita Isama agreed and both of them got married just a year after Peter had his own wedding, they wedded in 2014.
8. Timaya – $10.5 million
Inetimi Timaya Odon who is popularly known by his stage name “Timaya“ is one of the most loved musician in Nigeria. He is a veteran singer whose works in the music industry has motivated millions of people. He is sometimes referred to as the “Igberi Papa One of Bayelsa”
He was born in the year 1977 in Port Harcourt, River State Nigeria. As of now he is 42 years old. He started his music career in 2006 and released his first studio album he titled “True Story” one of the popular song on the album is his 2005 single titled “Dem Mama” Two years later, He released his second studio album “Gift and Grace”
He gained more prominence and popularity with his single track “Plantain Boy” which is one of the tracks in his thirds studio album “De Rebirth” He released his fourth album “Life N Prosperity“few years later. In 2012 he changed his pattern of music, and released his song “Sexy Ladies” “Malonegedege” and “Bum Bum“, all these song trended among Nigerians and all other African countries.
Timaya has won many national and international awards, he won the AFRIMA award two times and also many other awards. He released his street vibe “Born to win” few months ago.
He founded his own music record label “Dem Mama Records” in 2017, he signed the young talented Nigerian singer King Perryy into his record label. The young artist is really doing well, he featured Omah Lay in the Remix of the trending song Ye Ye Ye (Remix)
7. Phyno – $11 million
Chibuzor Nelson Azubuike who is popularly known by his stage name as Phyno is a Nigerian Igbo rapper, whose works in the Nigerian music industry has gained him so much popularity.
Phyno is not only a rapper, he is also a singer and a song writer. He started his music career in the year 2003 as a music producer.
He became very popular in the year 2014 after releasing his music album No Guts, No Glory. Some of the music tracks in that album won him many awards. Here’s some of the songs in the album: Ghost mode, O Set – ft Psquare, Man of the year and Parcel.
He released his latest music album which he titled Deal With It earlier this year. It has 19 tracks on it. Download one of the song [Video] Phyno – Speak Life On God
6. Olamide – $12 million
Olamide whose birth name is Olamide Adedeji is a highly talented Nigerian musician, singer, rapper and song writer. He was born in the year 15th March, 1989. He is sometimes referred to as “Olamide Baddoo” or “Badoosneh”
Just like Phyno, most of his song is based on his local language, Yoruba. He founded the YBNL music record label, he released his trending music album YBNL under this record label. Some of the popular songs the album are “First of All”, “Voice of the Street”, “Stupid Love”, and “Ilefo Illuminati”
He released his second music album “Baddest Guy Ever Liveth” in 2013. Two notable songs in is “Durosoke” and “Yemi my lover”
He is one of the most successful musician in the country. He is happily married to a Adebukumi Aisha Suleiman. Both of them welcomed their second child earlier this year.
He featured the young musician PrettyBoy Do in the song “Wetin You Smoke” He has gained a very strong fanbase and for sure, he deserves to be this list of the “Top 10 Richest Nigerian Musician”
5. 2Face Idibia – $16 million
2Face is one of the oldest musician in Nigeria. He has been in the Nigerian music industry for a very long time. Innocent Ujah Idibia who is popularly known as 2face idibia or 2baba is a veteran Nigerian singer, producer and songwriter. He was born in the year 1975 in Plateau, Jos.
He is one of the most successful musician in Nigeria. He has been in the top 10 richest musician in Nigeria for many years. He was one the “Richest Musician In Nigeria” before dropping to the 5th richest Nigerian musician.
He grew up in his hometown, Benue where He attended Mount Saint Gabriel’s Secondary School in Makurdi. After his secondary school education, he got an admission into the Institute of Management & Technology, (IMT) in Enugu State. He later dropped out of school to pursue his music career. He started by performing at the Enugu State broadcasting service.
He later moved to Lagos state, where he mate the musician Chibuzor Oji popularly known as Faze, and Ahmedu Augustine Obiabo popularly known as Black Face. The three of them formed a music group called Plantashun Boiz. They sang together and released their first and second music album, “Body and Soul” and “Sold Out”
They divided in 2004, when BlackFace claimed that 2Face is stealing the songs that he wrote. Since then, he has been performing alone and he is doing better than the other two people. BlakFace and Faze names didn’t appear in the list of the richest musician in Nigeria.
He has won many national and international awards, he won the MTV award once, and the world music award, he also won the headies award five times. 2Face net worth is $16 million dollars.
4. Burna Boy – $17 million
I know for sure that all of you know who is Burna Boy the Nigerian music God. A man whose works in the music industry has motivated millions of people.
Damini Ebunoluwa Ogulu Rex is popularly known by his stage name as Burna Boy. He is sometimes referred to as “Oluwa Burna” he is a very successful Nigerian musician. He is a professional musician, singer and songwriter. He was born in Port Harcourt, Nigeria. His father is a welder and his mother was a translator.
Burna Boy has many ups and downs stories, he has been in the music industry for over 15 years. But nobody is hearing his voice then, even when he collaborates with popular musicians like Phyno and Davido. Him, Phyno and MI Abaga, collaborated in the old song titled Link Up. I guess most you don’t even know the song.
I know many of his music tracks that did not trend a good example is the song – Yawa, a very nice music track but too bad no body listened to it. Even “Smoke Some Weed” is a song he released in 2013, but it trended last year. God decided to lift him up last year after the release of his trending song titled “On The Low”
Ever since he released the song, he has been trending online both in Nigeria and the whole world at large. He released many others songs that also trended. The song “Anybody” is a track that no Nigerian will ever forget. It trended both in Nigeria and in the United States.
His 2019 music album titled “The African Giant” amount the most downloaded music track of the year 2019. The video alone generated over 30 million views on YouTube. So Burna Boy’s Net Worth is $17 million.
3. Donjazzy – $18.5 million
Donjazzy is another great musician that truly deserves to be on this list of the Top 10 Richest Musician In Nigeria. Everybody knows that he is worth billions of naira. So of you are following the top 10 richest musician trend, you shouldn’t be surprise that Donjazzy is the third richest musician in Nigeria.
His real name is Michael Collins Ajereh, but he is popularly known as Donjazzy, or Don Baba J. He is a singer, songwriter and also a record producer. He is currently the boss of the Marvins music record label, which is one of the best record label in Nigeria. He has changed lives of many young musicians by signing them into in the record label.
Many popular musicians are singing under the Marvins record label, artists like Reekado Banks, Di’ja, Dr Sid, Iyanya, Ladipoe, even Tiwa Savage was once a Marvins singer.
Donjazzy is a 36 year old Nigerian musician. He was born in Isoko in Delta State Nigeria. But his mother is an Igbo woman from Abia State, where he was born. He grew up in Lagos state, and he attended the Federal Government College in Lagos. He also went to the the Ambrose Alli University , Ekpoma , Edo state .
He began his music career when he was just 12. In the year 2000, his uncle invited him to London to come and play music instrument in their church. He was later employed by McDonalds as a Security Man. Then he never knew he will make it this far.
In 2004 he collaborated with the talented singer D’banj to form the Mo hits Record. He released his first and second debut studio album under this record label.
He was employed by Kanye West as a music producer, he associated with Kanye West, Jay Z and Beyonce to release the song “Lift Off“.
He formed his own music record label in 2012 after separating from his partner D’banj. According to him he said “I see Mavin Records being the power house of Music in Africa in the shortest possible time.” He was very correct. He has made a lot of money. Donjazzy Net worth is $18.5 million
2. Davido – $19 million
Here’s another great musician, the CEO of the DMW Music Record Label. I know that most of you will be asking why he is not the first on the list.
Davido who real name is David Adedeji Adeleke, is a son of a Nigerian billionaire Business Man Adedeji Adeleke. He was born in the United States of America in the year 1992. He is a singer, songwriter and a producer. Despite the fact that he was born in the United States, he grew up in Lagos State.
He started his music career when he was still a teenager, he later dropped out of the university to face his music career.
He gained prominence in the year 2012 after dropping his debut musical album “Omo Baba Olowo” the most popular track in the albums is “Dami Duro” and “Overseas” this album trended so well that it won him the headies award as the best rated music artist of the year.
After the release of the album, he released; any other single tracks that also trended like “Aye” “Skelewu” “Gobe” and “the sound” featuring wizkid.
In 2016 He founded his own music record label Davido Music Worldwide DMW, which is also called 30 Billion Gang. Many artists are singing under his record label, artist like Dremo, Mayorkun and Mr May D, which he signed few days ago. They collaborated in the remix of his song “Lowo Lowo remix ft Davido” He also featured Mayorkun in the song “Betty Butter”
1. Wizkid – $20 million
Ever asked your self “Who is the richest musician in Nigeria 2020” here is your answer. Wizkid Ayo is the richest musician in Nigeria for this year 2020. The young music legend has achieved a lot in the Nigerian music industry.
Ayodeji Ibrahim Balogun is popularly known by his stage name as Wizkid is a Nigerian professional musician that was born on 16th July 1990. He started his music career just at the age of 11 year old. Then he collaborated with his church choirs to release his first musical album.
But he became fully popular following the release of his 2011 song titled “Holla At Your Boy” the song is taken off his music album titled Superstar. There are many music tracks in this album, some of them are Pakuromo, Don’t Dull and many others. He released a new song “Body Che che che”
He has collaborated with many musicians both national and international artists, like Drake. He won the 2020 BET award few weeks ago. He has achieved a lot in the industry. He is currently the richest Nigerian musician.
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