Nigeria’s entertainment scene continues to shine, producing some of the richest Nigerian musicians who have taken the global music industry by storm. These top Nigerian artists not only captivate audiences with their chart-topping hits but also build substantial wealth through smart business ventures, lucrative endorsements, and international tours.
As of 2025, here are the top 10 richest musicians in Nigeria and how they’ve secured their financial success in the ever-evolving music industry.
Top 10 Richest Musicians in Nigeria 2025 (in Naira)
- Wizkid (Ayodeji Ibrahim Balogun) – ₦150 billion (≈ $100 million)
- Davido (David Adedeji Adeleke) – ₦142.5 billion (≈ $95 million)
- Burna Boy (Damini Ebunoluwa Ogulu) – ₦135 billion (≈ $90 million)
- Tiwa Savage (Tiwatope Savage) – ₦127.5 billion (≈ $85 million)
- Olamide (Olamide Adedeji) – ₦105 billion (≈ $70 million)
- Don Jazzy (Michael Collins Ajereh) – ₦97.5 billion (≈ $65 million)
- Rema (Divine Ikubor) – ₦67.5 billion (≈ $45 million)
- Phyno (Chibuzo Nelson Azubuike) – ₦52.5 billion (≈ $35 million)
- 2Baba (Innocent Ujah Idibia) – ₦52.5 billion (≈ $35 million)
- Timaya (Inetimi Alfred Odom) – ₦52.5 billion (≈ $35 million)
1. Wizkid (Ayodeji Ibrahim Balogun) –Estimated ₦150 billion
Photo Source: Instagram.
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 ₦)
| Year | Estimated Net Worth |
|---|---|
| 2022 | ₦127.5 billion |
| 2023 | ₦135 billion |
| 2024 | ₦142.5 billion |
| 2025 | ₦150 billion |
2. Davido (David Adedeji Adeleke) – Estimated ₦142.5 billion
Photo Source: Instagram.
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 ₦)
| Year | Estimated Net Worth |
|---|---|
| 2022 | ₦120 billion |
| 2023 | ₦127.5 billion |
| 2024 | ₦135 billion |
| 2025 | ₦142.5 billion |
3. Burna Boy (Damini Ebunoluwa Ogulu) – Estimated ₦135 billion
Photo Source: Burna Boy.
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 ₦)
| Year | Estimated Net Worth |
|---|---|
| 2022 | ₦112.5 billion |
| 2023 | ₦123 billion |
| 2024 | ₦129 billion |
| 2025 | ₦135 billion |
4. Tiwa Savage (Tiwatope Savage) – Estimated ₦30–37.5 billion
Photo Source: Instagram.
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 ₦)
| Year | Estimated Net Worth |
|---|---|
| 2022 | ₦27 billion |
| 2023 | ₦30 billion |
| 2024 | ₦34.5 billion |
| 2025 | ₦30–37.5 billion |
RECOMMENDED
- The Rise of Nigeria’s Afrobeat and Its Significance to the Nigerian Economy
- Top 10 Best-Dressed Nigerian Male Artists in 2025: Fashion Icons Redefining Global Style
- Top 5 Female Nigerian Artists Shaping the Future of Music in 2025
5. Olamide (Olamide Adedeji) – Estimated ₦15–22.5 billion
Photo Source: X.
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 ₦)
| Year | Estimated Net Worth |
|---|---|
| 2022 | ₦12.75 billion |
| 2023 | ₦15 billion |
| 2024 | ₦19.5 billion |
| 2025 | ₦15–22.5 billion |
6. Don Jazzy (Michael Collins Ajereh) – Estimated ₦15–18.75 billion
Photo Credit: Instagram.
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 ₦)
| Year | Estimated Net Worth |
|---|---|
| 2022 | ₦13.5 billion |
| 2023 | ₦15 billion |
| 2024 | ₦18 billion |
| 2025 | ₦15–18.75 billion |
7. Rema (Divine Ikubor) – Estimated ₦15–22.5 billion
Photo Source: X.
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 ₦)
| Year | Estimated Net Worth |
|---|---|
| 2022 | ₦7.5 billion |
| 2023 | ₦12 billion |
| 2024 | ₦19.5 billion |
| 2025 | ₦15–22.5 billion |
8. Phyno (Chibuzo Nelson Azubuike) – ₦7.5–11.25 billion
Photo Source: Instagram
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 ₦)
| Year | Estimated Net Worth |
|---|---|
| 2022 | ₦3.75 billion |
| 2023 | ₦4.5 billion |
| 2024 | ₦9 billion |
| 2025 | ₦7.5–11.25 billion |
9. 2Baba (Innocent Ujah Idibia) –₦15–26.25 billion
Photo Source: Instagram.
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 ₦)
| Year | Estimated Net Worth |
|---|---|
| 2022 | ₦18 billion |
| 2023 | ₦22.5 billion |
| 2024 | ₦24.75 billion |
| 2025 | ₦15–26.25 billion |
10. Timaya [Inetimi Alfred Odom]– ₦7.5–11.25 billion
Photo Source: Instagram.
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 ₦)
| Year | Estimated Net Worth |
|---|---|
| 2022 | ₦6 billion |
| 2023 | ₦7.5 billion |
| 2024 | ₦12 billion |
| 2025 | ₦7.5–11.25 billion |
FAQs About the Richest Musicians in Nigeria
Who is the richest musician in Nigeria as of 2025?
As of 2025, Wizkid is the richest musician in Nigeria with an estimated net worth of about ₦150 billion ($100 million). His income comes from hit songs, tours, streaming, and endorsements with brands like Pepsi and MTN.
How do Nigerian musicians become so wealthy?
They generate revenue from streaming platforms, live performances, merchandise, and licensing deals for ads, movies, and TV. YouTube monetization is also a growing source of income.
Who is the richest female musician in Nigeria?
Tiwa Savage is the richest female musician in Nigeria, with a net worth of ₦30–45 billion ($20–30 million). She earns from her music, global endorsements, and business ventures.
Which Nigerian artist has the most international collaborations?
Wizkid holds the record with collaborations alongside Drake, Beyoncé, Chris Brown, and Justin Bieber. His global reach makes him Nigeria’s top music ambassador.
What are the biggest music genres in Nigeria right now?
The leading genres in 2025 are Afrobeats, Afropop, Hip-hop, Dancehall, and Highlife. Afrobeats continues to dominate globally.
Which Nigerian musicians have won international awards?
Burna Boy, Wizkid, and Tiwa Savage have won Grammys, BET Awards, and MTV Europe Music Awards, boosting Nigeria’s profile on the world stage.
Which Nigerian musician has the highest social media following?
As of 2025, Davido and Wizkid lead with tens of millions of followers on Instagram, X, and TikTok. Their online influence supports both their music and brand partnerships.
What investments do Nigerian musicians make outside of music?
They invest in real estate, fashion, hospitality, and tech startups. Don Jazzy runs Mavin Records, Olamide owns YBNL Nation, while Davido expands into real estate.
Who is the youngest millionaire musician in Nigeria?
Rema is the youngest millionaire, with a net worth of ₦15–30 billion ($10–20 million) at only 24 years old. His hit Calm Down and global tours fuel his rise.
5 comments
Congratulation too every body
I WANT TO BE AND ARTIST TOO
I really hope to br a musician on day
Why is flavour not included there
Wow that amazing