list of top 10 richest Nigerian musicians in 2021

Overview Of: list of top 10 richest Nigerian musicians in 2021


The Nigerian music industry is one of the fastest-growing industries nationwide, and over the years, it has produced many talented musicians. This article covers the top 10 richest Nigerian musicians in 2021.

According to, Nigeria has the best musicians in Africa. Nigeria also boasts of having the most prominent music industry in Africa that hosts many top international artists.
Timaya, Wizkid, 2face, P-Square, and many others were financially poor from their roots, but today, thanks to their outstanding careers in the music industry, they have gained fame worldwide.
Here is a list of the top 10 richest Nigerian musicians/artists in 2021. Most of the musicians that made it to our list of top 10 richest musicians in 2021 were also among the top 10 richest musicians in Nigerian for 2020.
Wizkid – Net worth of $21 Million
Davido – Net worth of $19.5 Million
Don Jazzy – Net worth of $18.5 million
Burna Boy – Net worth of $17 million
2Baba (2Face) – Net Worth of $16 million
Olamide – Net Worth of $12 million
Phyno – Net Worth of $11 million
Timaya – Net Worth of $10.5 million
Peter Okoye and Paul Okoye – Net Worth of $10 million each
Flavour – Net Worth of $9.8 million
1. Wizkid – Net worth of $21 Million
Wizkid tops Clacified’s list of the top 10 richest musicians & artists in Nigeria. Wizkid’s net worth is estimated at 21 million U.S dollars in 2021.Wizkid’s net worth
Apart from singing, Wizkid also secured many endorsements deals with MTN Nigeria and GLO ( which paid him N120 million to become its ambassador).
Just last year, 2020, the singer secured an endorsement deal with the mobile technology company Tecno and another deal with the international sportswear brand Puma.
Wizkid also increased his net worth when he secured multi-million deals with Pepsi and Guinness that brought him more money on the table.
In July 2019, the talented singer added more to his net worth after confirming a mega-deal signing for United Bank for Africa (UBA) as their brand ambassador.
Singer Ayodeji Ibrahim Balogun proudly known as Wizkid is a singer and songwriter. Wizkid began his musical carrier at the age of 11 in a local church near his home. Back then, he joined a local band called the Glorious Five.
Wizkid released an album at the age of 11 in collaboration with the group Glorious Five.
Wizkid later met OJB Jezreel during his struggling days, and he became his mentor. He then started visiting Jezreel’s studio, watching and learning from the recordings by artists like 2 Face Idibia and Sound Sultan.
Wizkid then joined Empire Mates Entertainment (E.M.E) in 2009, and from there, his career in the music Industry kick-started.
Wizkid posses with one of his cars
Ayodeji Ibrahim Balogun known as Wizkid, is the richest Nigerian musician in 2021 with the net worth of $21 Million
Born on the 16th of July, 1990, in Surulere, Lagos, Wizkid was the first Nigerian musician to rise to be recognised in the Guinness Book of World Record for the most played song on Spotify.
This is as a result of the song he did with Drake titled “One Dance”. In 2020, the ‘star boy’ had released the music album, ‘Made in Lagos’ featuring interesting tracks like ‘Reckless’, ‘Ginger’ and ‘Essence’, which made it to Barack Obama’s list of favourite songs’Essence’,.
Wizkid is the founder of ‘Starboy Entertainment’. He is a perfect example of a singer who has gone from below the ladder to the top.
Hopper ranks Wizkid number 37 in its list of Instagram Rich Celebrities 2020, with each of his posts estimated to cost $57,300.
According to the 2020 Forbes list, Wizkid is one of the richest Nigerian musicians with a $20 Million networth. Still, a year after, Wizkid is rated the top richest musician in Nigeria in 2021.
Wizkid’s car collections and houses
Wizkid has a luxurious mansion in Surulere worth about N13 million and another one located in the United States, Los Angeles, to be specific. Among Wizkid’s carr collections are:
BMW X6 crossover (₦8.7 million)
Porsche Panamera (~₦50.8 million)
Lamborghini Urus (₦80 million)
Used Mercedes Benz G63 AMG (₦55 million – ₦65 million)
2. Davido – Net worth of $19.5 Million
David Adeleke, popularly known as Davido, is the second richest musician and artist in Nigeria in 2021. Davido’s net worth is estimated at 19 million U.S dollars.
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.
Davido’s net Worth is from music and endorsement projects such as the $78,296 MTN endorsement deal, Guinness Nigeria, and Infinix mobile.
Davido also performs in local and international shows, where he earns as much as N10 million per performance (in Nigeria) and $30,000 for international performances.
Davido net worth and wealth is also affected positively by his YouTube channel, which has attracted over 663 million views since it was created.
Also, Davido’s Instagram account is not left out. In fact, according to Hopper, each of Davido’s posts on Instagram has an estimated value of $91,100. He ranks number 29 in the world ranking of Instagram Richest Celebrities.
Davido released ‘Dami Duro’ on October 30, 2011. He co-produced the single with Shizzi, which Clarence shot in Lagos.
The song Dami Duro came with an amazing video in Jan. 2012, and it became the talk of the town with frequent airplay by the media.
David Adeleke is the second richest Nigerian musician in 2021 after Wizkid
On July 17, 2012, Davido launched his debut studio album, ‘Omo Olowo’. The album Omo Olowo was debuted under HKN Music Record Label. This song also became a major hit which gained Davido more fans.
Since then, he has released countless singles, which have brought him popularity, money and international recognition. His most recent album, ‘A Better Time’ was released on 13th November 2020 and made up 213 million streams across all platforms just a month after its release.
Davido was the OBO executive producer. He worked with other producers like Spellz, Jay Sleek, Maleek Berry, among others.
Davido’s latest car
Davido’s latest car
Davido’s cars and houses
Davido has two mansions in Lekki, Lagos, and a getaway mansion in Georgia, USA. Davido’s car collection is dazzling with:
Rolls Royce Cullinan 2019 (~₦350 million) 
Bentley Bentayga (₦108 million)
Bentley Continental GT (~₦95 million)
Porsche Panamera Turbo S (~₦22.8 million)
Range Rover Sports (₦84 million – ₦90 million)
Range Rover SV Autobiography (₦98 million)
Chevrolet Camaro GS (₦9.4 million)
Audi R8 (₦23.4 million)
Audi Q7 (₦12 million)
Mercedes-AMG GLS63 (~₦45 million)
Mercedes G-Wagon (~₦21 million)
Toyota Land Cruiser (~₦30 million) several cars like a Porsche, Range Rover Sport and Chevrolet Camaro
3. Don Jazzy – Net worth of $18.5 million
In the music scene, Collins Michael Ajereh, known as Don Jazzy, is the third richest Nigerian Musician in 2021. Don Jazzy is an indigene of Umuahia in Abia State. His birth date is the 26th of November, 1982.
Don Jazzy’s net worth is estimated to be over $18 million. Don Jazzy is not only a musician, but he is also a music producer and an entrepreneur. This rich music star is the CEO of the Mavins Records Label.
Don Jazzy’s musical career started with his collaborations with D’banj, where the duo made different hit tracks as Mo’hits. This was before they parted ways about a decade ago. It was after the separation that Don Jazzy created the Mavins Records Label.
Don Jazzy is known to have an eye for talents. Just this year, January 21, 2020, he announced the signing of a female artiste, Ayra StarrAyra Starr, into his music fold.
Thus, Ayra Starr joined the other fresh talents who Don Jazzy signed under the Mavins Records, such as Rema, Ladipoe and Koredo Bello.
So far, Ayra Starr isn’t doing bad for herself as she already got tongues wagging with the release of her debut EP, which started with the trilling song, ‘Away.
Don Jazzy is known for his wonderful music production. His hard work, in addition to his persistence, has helped him in his business dealings with artists both within and outside the country.
Don Jazzy 
Collins Michael Ajereh, who is known as Don Jazzy in the music scene, is the third richest Nigerian Musician.
Don Jazzy has successfully groomed and established several talented musicians that we celebrate today, such as Wande Coal, Tiwa Savage, Reekado Banks, D’Prince and many others. 
Aside from his music career, Don Jazzy also has profitable contracts with companies like MTN and Loya Milk. Also, among Don Jazzy”s most prominent and recent deals is his endorsement deal with V-Bank.
V Bank, Nigeria’s leading digital bank, announced the extension of its deal with Don Jazzy in December 2020. The bank executives had presented him a V Bank branded hoodie to symbolise the renewed one-year contract.
Unsurprisingly, Don Jazzy has won numerous awards as a top music producer. Don Jazzy seems not to be perturbed about marriage as he has focused more on building his music career and raising more talents for the music industry.
Don Jazzy is one of the African musicians that like flashy cars
Don Jazzy has 3 mansions, one at Lekki, one in Banana Island, Lagos, and another at Los Angeles and many exotic cars
Don Jazzy’s houses and cars
Don Jazzy has acquired for himself 3 mansions. One of the mansions is on Banana Island; the other is in Lekki, while the third house is in Los Angeles. Trust that this rich musician will have exotic cars- amongst his rides are:
Porsche 911 Carrera (~₦42 million)
Bentley Continental (~₦25 million)
Cadillac Escalade (~₦27.2 million)
Used Mercedes Benz E350 (~₦20 million)
located#4.0 4. 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 Boy was one of the richest Nigerian musicians and artists in 2020; Burna Boy’s net worth is estimated to be $17 million. He is also rated as one of the best musicians in Nigeria.
Burna was born in Port Harcourt. His parents had relocated to Port Lagos State after some time.
Top 10 list of richest Nigerian musicians and artists in 2021
Burna Boy whose real name is Damini Ebunoluwa Ogulu is a Nigerian singer, songwriter, rapper and dancer.
When Burna Boy’s parents relocated to Lagos, It was more like a nice move for him as that even helped his career- remember that many of the big names in the industry and the best music resources are found in Lagos.
Burna Boy started gaining recognition in the music industry in 2012 when he released his hit single ‘Like to Party’ from his debut album L.I.F.E.
Burna Boy sold Up to 40,000 copies of L.I.F.E. on the first day of its release. Also, Burna Boy sold L.I.F.E marketing rights to Uba Pacific for 10 million Naira.
Burna boy left Aristokrat records in 2014, and in 2015 he established his record label named Spaceship Entertainment. He debuted his second album ‘On a Spaceship’ on the 25th of November 2015.
Burna Boy’s music career has been filled with success stories as he has been making waves both nationally and internationally.
In 2020, Burna Boy released his most recent music album, Twice as Tall, making waves nationally and internationally. Twice as Tall earned him a 2021 Grammy Award nomination for the Best Global Music Album.
Clacified also reported that Burna Boy, alongside another top artiste, Wizkid won prizes at the 2020 MOBO Awards.
Currently, he is a brand ambassador to Globacom, Nigerian Breweries Plc, and Mortell Cognac.
Burna Boy’s cars and houses
Burna Boy loves exotic cars. He once said he purchased his first ride, a Range Rover, at the age of 17. Check out some of Burna Boy’s cars:
Mercedes-Benz G Wagon.
2013 Ferrari 458 Italia
Rolls Royce Down Convertible
5. 2Baba (2Face) – Net Worth of $16 million
Number 5 in our list of top 10 richest musicians in Nigeria in 2021 is Innocent Ujah Idibia, also known with his stage name 2Baba or 2Face.
2Fcae was born in Jos, Nigeria, on 18th September 1975. Even though he was born in Jos, he is an indigene of Benue State.
2Face is the 5th richest Musician in Nigeria in 2021, with a net worth of $16 million. 2Baba improved in his music skills and rose to become one of the best Afropop artists in Africa.
At first, he started with the Plantashun Boiz group, after which he went solo. One would think he would fall off the music industry radar. But, no, he held on even flourishing while on his own.
During his early career years, Kenni Music signed him. It was with Kennis Music that he released his first music album, ‘African Queen’.
Indeed, the African Queen brought him to the limelight in the year 2004. Since the debut of that song, Tuface has remained top of his game as he has made major hits back to back.
He has won different awards like the MTV Music Awards, Headies and BET Awards.
Top 10 list of richest Nigerian musicians and artists 2021
Innocent Ujah Idibia (2baba) born on the 18th of September is an indigene of Benue State one of the Nigerian musicians who rose from nothing to something in the music industry
Tuface’s luxurious apartment and cars
Even though 2face likes living a private life, it’s not hard to tell that he possesses luxurious cars and houses.
He owns two houses in Lagos, one apartment in the US, and relaxation lounges in Ikeja, FESTAC and Lagos Island.
Top ten richest musicians in Nigeria 2021
Asides his cars, he also has a multi-million naira mansion in Lagos, Benue and a luxurious apartment in the US.
2baba is not very open about his collection of cars, but here are the cars that were caught ridden by 2Face:
Chevrolet Corvette Coupe (~₦45million)
Ferrari Coupe (₦57 million – ₦80 million)
Used Toyota Land Cruiser Prado (₦30 million – ₦52 million)

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