Richest Musicians in Nigeria, 2022

With an estimated net worth of $21 million, Wizkid is the wealthiest artist in Nigeria, Davido is in second place with personal wealth in excess of $19 million. Music producer, Don Jazzy is third with $18 million net worth, followed by Burna Boy ($17 million) and 2Baba (2Face) with Net Worth of $16 million in 4th and 5th places respectively. Who are the richest musicians in Nigeria?

Nigerian musicians are some of the most commercially successful artists in Africa and the world. Wizkid recently sold out the O2 arena in London, delivered an electrifying performance on American late night show with Jimmy Fallon, and edged out Drake and Kanye West to make history at the MOBO awards all within a month. These and many more underlines Nigerian music as the fastest growing music industry in the world.

Nigerian Afro-Pop artistes earn amazingly well from their live concerts and streaming. when Davido sold out the 02 Arena in London in 2019, he was reportedly paid a mouth watering $1.3 million for the show. CKay’s Love Nwantiti has been streamed over 15 billion times on TikTok alone!

Here is a list of the top 10 richest Nigerian musicians/artists as we look to the year 2022.


  1. Wizkid – Net worth of $21 Million
  2. Davido – Net worth of $19.5 Million
  3. Don Jazzy – Net worth of $18.5 million
  4. Burna Boy – Net worth of $17 million
  5. 2Baba (2Face) – Net Worth of $16 million
  6. Olamide – Net Worth of $14 million
  7. Phyno – Net Worth of $13 million
  8. Timaya – Net Worth of $11.5 million
  9. Peter Okoye and Paul Okoye – Net Worth of $10 million each
  10. Flavour – Net Worth of $8.8 million

Research & methodology

This list of richest Nigerian musicians was compiled based on data points culled from reputable wealth tracking media outlets including Forbes, Bloomberg, and Instagram postings of the celebrities involved. All data is for the most recent period available. Some were not included in the official statistics for various reasons, primarily due to the lack of necessary data. Just remember, these values and fluctuations are estimations based on a host of variables and publicly available documents.

Wizkid – Net worth of $21 Million

Ayodeji Ibrahim Balogun popularly known as Wizkid was always destined to be a musician having started  his music career at the age of 11 when he released his first album in collaboration with the group Glorious Five.

His career however, tookoff in 2009 when he joined Banky W’s Empire Mates Entertainment (E.M.E).

Davido – Net worth of $19.5 Million

Davido was born in Atlanta, United States of America, to the wealthy Nigerian family of Dr Adedeji Adeleke. His father is the co-founder of Adeleke University in Osun state and the CEO of Pacific Holdings Limited. Tho Davido was born with a silver spoon, he has since amassed a fortune of almost $20 million doing what he loves to do.

Don Jazzy – Net worth of $18.5 million

When Don Jazzy announced his departure from long term group, Mo’hits records in 2012, most people doubted if he could replicate the level of success he had with his then label partner D’banj. He has since moved on to create his own Mavin Studios which has been one of Nigeria’s most popular music labels in recent years.

Burna Boy – Net worth of $17 million

Burna Boy’s real name is Damini Ebunoluwa Ogulu. He is a Nigerian singer, rapper, songwriter, and dancer. Burnaboy comes from Mbiama in Ahoda West LGA of Rivers State. Burna gave fans a peek into his lifestyle when Grammy winning act recently showed his 7-bedroom Lagos mansion to Architecture Digest.

2Baba (2Face) – Net Worth of $16 million

2face Idibia was the musician that brought us classics such as “African Queen” and “Only Me”. His 2004 album, Grass 2 Grace was the first commercially successful album to enjoy success outside Africa and his African Queen video was the first video to be shown on MTV Africa in 2005. with such an impressive resume, it is no surprise that 2face Idibia has managed to amass quit a small fortune.


A writer! Columnist and an academic researcher
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