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, these influential figures continue to dominate, amassing considerable fortunes. Here’s a closer look at the top 10 richest musicians in Nigeria and how they have secured their financial success in the ever-evolving entertainment industry.
Top 10 Richest Musicians in Nigeria 2025
- Wizkid (Ayodeji Ibrahim Balogun) – $100 million
- Davido (David Adedeji Adeleke) – $95 million
- Burna Boy (Damini Ebunoluwa Ogulu) – $90 million
- Tiwa Savage (Tiwatope Savage) – $85 million
- Olamide (Olamide Adedeji) – $70 million
- Don Jazzy (Michael Collins Ajereh) – $65 million
- Rema (Divine Ikubor) – $45 million
- Phyno (Chibuzo Nelson Azubuike) – $35 million
- 2Baba (Innocent Ujah Idibia) – $35 million
- Timaya (Inetimi Alfred Odom) – $35 million
1. Wizkid (Ayodeji Ibrahim Balogun) – $100 million
Photo Source: Instagram.
Wizkid, known as the King of Afrobeats, has solidified his position as one of the wealthiest musicians in Africa. 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.
2. Davido (David Adedeji Adeleke) – $95 million
Photo Source: Instagram.
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.
3. Burna Boy (Damini Ebunoluwa Ogulu) – $90 million
Photo Source: Burna Boy.
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.
4. Tiwa Savage (Tiwatope Savage) – $85 million
Photo Source: Instagram.
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.
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5. Olamide (Olamide Adedeji) – $70 million
Photo Source: X.
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.
6. Don Jazzy (Michael Collins Ajereh) – $65 million
Photo Credit: Instagram.
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.
7. Rema (Divine Ikubor) – $45 million
Photo Source: X.
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.
8. Phyno (Chibuzo Nelson Azubuike) – $35 million
Photo Source: Instagram
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.
9. 2Baba (Innocent Ujah Idibia) – $35 million
Photo Source: Instagram.
2Baba, widely recognized as one of the pioneers of Nigerian music, has been a dominant figure in the industry for over two decades. 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.
10. Timaya [Inetimi Alfred Odom]– $35 million
Photo Source: Instagram.
Timaya is known for his vibrant dancehall and Afrobeat fusion. 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.
FAQs About the Richest Musicians in Nigeria
1.Who is the richest musician in Nigeria as of 2025?
- As of 2025, Wizkid is the richest musician in Nigeria, with a net worth of about $100 million. He’s made a lot of money through his music, sold-out concerts, and big endorsement deals with brands like Pepsi and MTN.
2. How do Nigerian musicians become so wealthy?
- Nigerian musicians build their wealth through a combination of music sales, streaming revenue, live performances, endorsement deals with major brands, and investments in real estate, fashion, and tech startups.
3. Who is the richest female musician in Nigeria?
- The richest female musician in Nigeria is Tiwa Savage, with a net worth of $85 million, thanks to her music career, endorsements, and business ventures.
4. Which Nigerian artist has the most international collaborations?
- Wizkid has had the most international collaborations, including hits with Drake, Beyoncé, Chris Brown, and many others, solidifying his position as a global music ambassador.
5. How do Nigerian musicians make money from their music?
- Nigerian musicians make money from various sources including music sales, digital streaming platforms like Spotify and Apple Music, live performances, merchandise sales, and licensing their music for movies, ads, and TV shows.
6. What are the biggest music genres in Nigeria right now?
- The biggest music genres in Nigeria currently include Afrobeats, Afropop, Dancehall, Hip-hop, and Highlife, with Afrobeats seeing the most international success.
7. How do Nigerian musicians secure endorsement deals?
- Musicians in Nigeria secure endorsement deals through their massive fan base, brand appeal, influence, and visibility. Companies seek artists with high social media presence, positive public image, and the ability to connect with target consumers.
8. Which Nigerian musicians have won international awards?
- Nigerian musicians such as Burna Boy, Wizkid, and Tiwa Savage have won major international awards, including Grammy Awards, MTV Europe Music Awards, and BET Awards, further enhancing their global status.
9. Which Nigerian musician has the highest social media following?
- Davido and Wizkid are among the top Nigerian musicians with the highest social media following, with millions of followers on platforms like Instagram, Twitter, and Facebook, helping them expand their reach globally.
10. What investments do Nigerian musicians make outside of music?
- Many Nigerian musicians, such as Davido, Burna Boy, and Olamide, make investments in real estate, fashion, tech startups, and hospitality, diversifying their income streams beyond music.
11. Who is the youngest millionaire musician in Nigeria?
- Rema, who is only in his early 20s, is one of the youngest millionaires in the Nigerian music industry, thanks to his rapid rise to fame, music sales, and brand endorsements.
3 comments
This is amazing
Thank You.
Omo nah olamide and don jazz and rema wey get money pass for my side shaa