Entertainment Nollywood Richest Yoruba Musicians in Nigeria: Net Worth & Source of Wealth Leyira Virtue BarisukaSeptember 23, 202501.2K views Yoruba artists have shaped Nigeria’s sound, moving from Juju and Fuji to Afrobeats and street pop and now, the world’s playlists. Their edge isn’t only cultural, but it’s also commercial. The biggest Yoruba stars combine a global streaming scale, sold-out arenas, brand endorsements, and label ownership to build substantial wealth. In this article, we focus on Yoruba artists (by heritage and primary identity) and lean on verifiable signals. Spotify scale, touring milestones, and documented endorsements, while stating best-supported public estimates where available (note that no artist publishes audited net worth statements). For example, Davido’s high-value endorsement slate is documented by Forbes reporting, while Spotify pages and analytics sites confirm current reach for names like Wizkid, Asake, and Tiwa Savage. Ranking The Richest Yoruba Musicians in Nigeria 2025 Each profile on this list is ranked based on verifiable signals (streams, tours, endorsements/labels) and a public estimate range (non-audited but widely reported). With the absence of figures, we give conservative ranges. 1. Davido (David Adedeji Adeleke) Davido is ranked number 1 because he has a massive brand portfolio, a long touring history and a multi-billion-stream. This catalogue keeps Davido at or near the top financially among Yoruba artists. Forbes has documented his major endorsements (Martell, Infinix, Puma), underscoring the commercial engine behind the music. Spotify/Chartmaster’s data confirms catalogue-scale milestones in 2024–2025. Aside from music, Davido gets his millions through: Endorsements: Martell (Pernod Ricard), Infinix, Puma (Forbes profile). Streaming/catalogue scale: Chart masters show Davido crossing multi-billion Spotify streams and 100M+ markers on key tracks in 2024–2025. His current reach is 8.7–8.9 million Spotify monthly listeners as of September 2025. Public estimate range (2025): Approx. US$50–100M. 2. Wizkid (Ayodeji Ibrahim Balogun) Big Wiz sits at number 2 due to his impressive global streaming power, premium brand deals, and arena-level touring. Several trackers show Wizkid leading or near the top of discussions about Spotify earnings in Africa; his current monthly listeners also outpace most peers. Wizkid also has other streams of income; they are: Endorsements: Notably, Pepsi, Glo, Flutterwave, and other notable companies. Earnings chatter: “Africa’s biggest earner on Spotify” was one of the headlines for Wizkid in early 2025, currently reaching approximately 14.3–14.6 million Spotify monthly listeners. Public estimate range (2025): Approx. US$30–50M. 3. Olamide (Olamide Gbenga Adedeji) Olamide Badoo sits here because, beyond hits, Olamide’s ownership matters. He is the founder and owner of YBNL Nation, an independent record label he established in 2012. YBNL Nation incubated revenue-generating stars (e.g., Fireboy DML, Asake partnerships), giving him executive upside alongside artist income. Public lists repeatedly slot him in the top cohort nationally. Other than being an artist, these are his verifiable sources of wealth: Label/exec power: YBNL plus distribution through Empire Endorsements: Multiple brand deals mentioned across directories, such as Ciroc, Etisalat, and Monster Energy drink. Public estimate range (2025): Approx. US$10–20M 4. Tiwa Savage (Tiwatope Omolara Savage Balogun) Tiwa Savage proudly sits in the fourth space as the richest female Yoruba artist. She has generated income through Pan-African touring, a deep catalogue of music, and a long record of high-value endorsements, which famously include deals with MTN, Pepsi, Maggi, and Forte Oil. Her premium brand and longevity keep her among the wealthiest Yoruba artists. Other sources of income are: Endorsements: MTN, Pepsi, Maggi, Forte Oil. The current reach on Spotify is approximately 3.0 million monthly listeners. Public estimate range (2025): approx. US$8–15M. READ MORE: Meet Roli Thompson: The Emerging Voice You Need to Know Nigerian Musicians with the Biggest Endorsement Deals Top 5 Most Expensive Music Videos in Nigeria 5. Kizz Daniel (Oluwatobiloba Daniel Anidugbe) Kizz Daniel sits at five because he is a consistent hitmaker with strong touring and brand value. His net worth, as estimated by the public, varies sharply, but repeated national lists place him among Nigeria’s top-tier earners. He has a very healthy, multi-platform presence, with frequent headline shows and endorsement deals. Public estimate range (2025): approx. US$4–10M. How the Richest Yoruba Artists Make Their Money Streaming & sales: Spotify, Apple Music, Boomplay, and YouTube, plus global collabs, amplify payouts. Tours & shows: Arena and festival receipts, diaspora dates, and private bookings also boost their wealth. Endorsements: Telecoms, beverages/spirits, fashion/sportswear, fintech/tech. Davido’s Martell–Infinix–Puma mix is a documented example. Tiwa Savage’s deals with MTN/Pepsi/Maggi/Forte Oil are also on record. These are a plus for the source of their wealth. Label & publishing equity: Executives like Olamide (YBNL) monetise rosters and distribution partnerships (e.g., EMPIRE), capturing multiple revenue lines. Licensing & syncs: Film/TV/ad placements can create lump-sum gains and recurring performance royalties. Conclusion: Wealthy Yoruba Artists The Yoruba imprint on Nigerian music is both artistic and economic. The richest Yoruba musicians in Nigeria didn’t rely on one revenue source; instead, they combined global streaming scale, serious touring, and high-value endorsements, then layered ownership (labels, publishing, equity) to lock in long-term upside. Among wealthy Yoruba artists, Davido and Wizkid set the pace on global commerce; Olamide and Tiwa show how executive moves and durable brand equity convert hits into empires. In summary, culture is influential, and when combined with strategic deals, the success of Yoruba musicians earning millions goes beyond just a headline; it serves as a blueprint. FAQs About Richest Yoruba Musicians in Nigeria 1: Are these net-worth numbers correct? No. Nigerian artists don’t publish audited personal balance sheets. We rank by streams, tours, endorsements, and ownership, and we cite the best-supported public estimates with caution. 2: Who is the richest Yoruba musician right now? Evidence points to Davido or Wizkid at the top. Davido’s endorsements and catalogue milestones contrast with Wizkid’s consistent global streaming leadership among Nigerians. Different metrics can influence the #1 ranking, but both are dominant. 3: Why is Olamide ranked above some newer viral names? Olamide’s wealth is compounded beyond single-era hits due to his ownership (YBNL), longevity, and proven endorsements. 4: Is Tiwa Savage the richest Yoruba woman in music? She’s certainly among the top because her long run of documented endorsements and touring puts her near the summit for female Yoruba artists.