Richest Musicians in Nigeria 2025: Net Worth & Sources of Wealth

As of October 2025, Nigeria’s music industry continues to dominate Africa,  and produce some of the richest musicians in Nigeria. From global tours and brand endorsements to smart investments, these artists are redefining how fame translates into fortune.

Below is the official 2025 list of Nigeria’s wealthiest musicians, complete with net worth estimates in naira and dollars.

Top 10 Richest Musicians in Nigeria 2025

1. Wizkid (Ayodeji Ibrahim Balogun) – ₦150 billion (≈ $100 million)
2. Davido (David Adedeji Adeleke) – ₦142.5 billion (≈ $95 million)
3. Burna Boy (Damini Ebunoluwa Ogulu) – ₦135 billion (≈ $90 million)
4. Tiwa Savage (Tiwatope Savage) – ₦127.5 billion (≈ $85 million)
5. Olamide (Olamide Adedeji) – ₦105 billion (≈ $70 million)
6. Don Jazzy (Michael Collins Ajereh) – ₦97.5 billion (≈ $65 million)
7. Rema (Divine Ikubor) – ₦67.5 billion (≈ $45 million)
8. Phyno (Chibuzo Nelson Azubuike) – ₦52.5 billion (≈ $35 million)
9. 2Baba (Innocent Ujah Idibia) – ₦52.5 billion (≈ $35 million)
10. Timaya (Inetimi Alfred Odom) – ₦52.5 billion (≈ $35 million)

Richest Nigerian Musicians in 2025; Detailed Profiles

1. Wizkid (Ayodeji Ibrahim Balogun) –Estimated ₦150 billion

As of 2025, Wizkid’s net worth is estimated at ₦150 billion, making him the richest musician in Nigeria. Known as the “King of Afrobeats,” Wizkid has expanded his empire through music, global collaborations, and business ventures.  His global collaborations with stars like Drake, Beyoncé, and Chris Brown have brought Afrobeats to international prominence. Wizkid has diversified his wealth through luxury real estate, fashion partnerships, and high-ticket concert tours.

• Endorsement Deals: Wizkid has maintained lucrative partnerships with MTN, Pepsi, and Nike. In 2025, he signed a new endorsement deal with Heineken.
• Awards: In 2025, Wizkid won Artist of the Year at the African Music Awards and also bagged a Grammy Award for his work on Beyoncé’s The Lion King: The Gift.

Wizkid Net Worth Growth (2022–2025 in ₦)

2. Davido (David Adedeji Adeleke) – Estimated ₦142.5 billion

Davido’s net worth in 2025 is estimated at ₦142.5 billion, placing him second among Nigeria’s richest musicians. Davido comes from a wealthy background and has leveraged both his family’s influence and his own musical talent to create a lasting legacy. Known for his viral hits, Davido also owns DMW (Davido Music Worldwide), which has helped shape the careers of several Nigerian artists.

• Endorsement Deals: Davido’s deals include MTN, Infinix, AXE, and Travelbeta. He is also the face of Puma in Africa and recently became an ambassador for Access Bank.
• Awards: In 2025, Davido received Best African Act at the MTV Europe Music Awards and was also honored with the Global Impact Award at the International Music Awards.

Davido Net Worth Growth (2022–2025 in ₦)

3. Burna Boy (Damini Ebunoluwa Ogulu) – Estimated ₦135 billion

Davido’s net worth in 2025 is estimated at ₦142.5 billion, placing him second among Nigeria’s richest musicians. Burna Boy is one of the most successful African artists globally, known for blending Afrobeat, reggae, dancehall, and pop music. His Grammy win for Twice as Tall solidified his place in the international music scene. Burna’s investments in real estate, fashion, and his partnerships with brands contribute significantly to his net worth.

• Endorsement Deals: Burna Boy has endorsement deals with Pepsi, Nike, and Bulova Watches. His 2025 deal with Gucci for a fashion collaboration further boosted his brand power.
• Awards: Burna won the Best Global Music Performance Grammy for Twice as Tall in 2025 and African Artist of the Year at the Soundcity MVP Awards.

Burna Boy Net Worth Growth (2022–2025 in ₦)

4. Tiwa Savage (Tiwatope Savage) – Estimated ₦30–37.5 billion

Tiwa Savage’s net worth in 2025 is estimated between ₦30 billion and ₦37.5 billion, making her the richest female musician in Nigeria. Tiwa Savage is often referred to as the Queen of Afrobeats, known for her powerful voice and blend of Afrobeat, R&B, and pop influences. Tiwa has transcended the Nigerian music scene with collaborations with international artists and her entrepreneurial endeavors.

• Endorsement Deals: Tiwa Savage has major endorsement deals with Universal Music Group, Dolce & Gabbana, and Pepsi. She also recently became an ambassador for L’Oreal in 2025.
• Awards: Tiwa Savage won Best Female Artist at the African Music Awards in 2025 and was also named Best African Female Artist at the MTV Africa Music Awards.

Tiwa Savage Net Worth Growth (2022–2025 in ₦)

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5. Olamide (Olamide Adedeji) – Estimated ₦15–22.5 billion

Olamide’s net worth in 2025 is approximately ₦15–22.5 billion. His influence through YBNL Nation continues to shape Nigerian music. Olamide is a well-established name in the Nigerian music scene, known for his unique blend of indigenous Yoruba sounds and hip-hop. His label, YBNL Nation, has helped launch the careers of many successful artists, making him an influential figure in the industry.

• Endorsement Deals: Olamide has endorsement deals with Glo, Guinness, and Coca-Cola. His partnership with Nike as an ambassador also helped elevate his brand in 2025.
• Awards: Olamide received the Headies Award for Best Rap Album in 2025, solidifying his position as a top artist in Nigeria.

Olamide Net Worth Growth (2022–2025 in ₦)

6. Don Jazzy (Michael Collins Ajereh) –  Estimated ₦15–18.75 billion

As of 2025, Don Jazzy’s net worth is ₦15–18.75 billion. The Mavin Records boss has earned wealth as both a producer and entrepreneur.  Don Jazzy is one of the most influential figures in Nigerian music as a producer and CEO of Mavin Records. His success goes beyond producing chart-topping hits for others; Don Jazzy has also expanded his wealth through diverse business ventures.

• Endorsement Deals: Don Jazzy is the face of Betway and has had deals with Johnnie Walker. He also secured a significant partnership with Pepsi for a brand campaign in 2025.
• Awards: Don Jazzy was awarded Producer of the Year at the Soundcity MVP Awards in 2025 for his outstanding contributions to Nigerian music.

Don Jazzy Net Worth Growth (2022–2025 in ₦)

7. Rema (Divine Ikubor) – Estimated ₦15–22.5 billion

Rema’s net worth in 2025 is estimated between ₦15 billion and ₦22.5 billion. At just 25, he’s one of Nigeria’s youngest millionaire musicians. Rema has rapidly ascended to global stardom with his genre-blending style of music, mixing Afrobeats with global pop influences. Born in 2000, Rema’s meteoric rise to fame can be attributed to hits like Dumebi and Calm Down, both of which earned him international recognition. His innovative sound and strong online presence have made him one of the most influential Nigerian artists of his generation.

• Endorsement Deals: In 2025, Rema signed an endorsement deal with Pepsi, joining other Afrobeats stars in promoting the global beverage brand. He also landed a major deal with Tommy Hilfiger, showcasing his crossover appeal to global fashion markets. Rema is also an ambassador for Tecno Mobile, a partnership that further solidifies his place in the commercial space.
• Awards: Rema’s achievements in 2025 include winning the Best New Act award at the Soundcity MVP Awards, marking him as one of the brightest rising stars in the music industry. He also received the Best African Act award at the MTV Europe Music Awards (EMAs), reinforcing his growing influence internationally.

Rema Net Worth Growth (2022–2025 in ₦)

8. Phyno (Chibuzo Nelson Azubuike) – ₦7.5–11.25 billion

Phyno’s net worth in 2025 is estimated between ₦7.5 billion and ₦11.25 billion, solidifying his place as Nigeria’s top indigenous rapper.  Phyno is renowned for his mastery of Igbo rap and has built a successful career as a recording artist and businessman. His investment in real estate and partnerships with major brands have contributed to his wealth.

• Endorsement Deals: Phyno’s deals include Glo, Monster Energy, and Amstel Malta. He also signed an endorsement deal with Tecno Mobile in 2025.
• Awards: Phyno won the Best Indigenous Artist award at the Soundcity MVP Awards in 2025.

Phyno Net Worth Growth (2022–2025 in ₦)

9. 2Baba (Innocent Ujah Idibia) –₦15–26.25 billion

2Baba’s net worth in 2025 is estimated between ₦15 billion and ₦26.25 billion. A pioneer of Nigerian music, his evergreen hits continue to generate income. Known for his iconic song African Queen, 2Baba’s career continues to thrive with his timeless hits and influential presence. Despite slowing down on new music releases in recent years, he still commands a significant income from his evergreen catalog, brand endorsements, and business ventures.

• Endorsement Deals: 2Baba has longstanding partnerships with major brands like Globacom and Campari, and in 2025, he renewed his deal with Globacom. He also recently signed a deal with First Bank as a brand ambassador, expanding his financial portfolio outside of music.
• Awards: 2Baba continues to receive recognition for his contributions to African music. In 2025, he won the Lifetime Achievement Award at the African Entertainment Awards USA (AEUSA). He was also recognized at the Soundcity MVP Awards Festival for his outstanding contribution to the music industry.

2Baba Net Worth Growth (2022–2025 in ₦)

10. Timaya [Inetimi Alfred Odom]– ₦7.5–11.25 billion

Timaya’s net worth in 2025 is estimated between ₦7.5 billion and ₦11.25 billion. Known for dancehall and Afrobeat fusion, Timaya is also a savvy investor. His real estate investments and endorsement deals have significantly contributed to his financial success.

• Endorsement Deals: Timaya’s brand partnerships include Hennessy, Coca-Cola, and Amstel Malta. His deal with Maltina in 2025 added to his growing portfolio.
• Awards: Timaya won Best Dancehall Artist at the Soundcity MVP Awards in 2025.

Timaya Net Worth Growth (2022–2025 in ₦)

How Nigerian Musicians Build Their Net Worth

Nigeria’s top musicians don’t rely on streaming alone. Their wealth is built through a combination of music revenue, endorsements, smart investments, and global tours. Here’s how they make it happen:

1. Music Sales & Streaming: Platforms like Spotify, Apple Music, Boomplay, and Audiomack pay per stream, generating consistent passive income.

2. Concerts & Tours: Global tours across Europe, the U.S., and Africa remain a major source of revenue, especially for artists like Wizkid, Burna Boy, and Davido.

3. Brand Endorsements: Major deals with MTN, Pepsi, Puma, and Guinness often bring in millions of naira annually.

4. Record Labels & Royalties: Artists like Don Jazzy (Mavin) and Olamide (YBNL) earn royalties from their signees’ music.

5. Business Ventures: Real estate, fashion lines, and tech startups are becoming common investment routes for Afrobeats stars.

6. Social Media & Influencer Deals: With millions of followers, Nigerian artists monetize social platforms through sponsored content and brand campaigns.