Over the years, music has become one of the most lucrative businesses in Nigeria. Many people have become millionaires by just putting their musical talent to work.
With wealthy musicians like Wizkid, it is a proven assertion one can hit it big while doing the things one loves to do.
Below is a list of some of the wealthiest musicians in Nigeria:
Wizkid
With the way Wizkid has been popping up in our articles, there’s no doubt that this is one man that has made it through hard work and talent and is now living the best life.
Wizkid has the highest booking fee in Africa as he charges up to $250,000 outside of Nigeria, particularly in Europe and America.
When it comes to brand influencing, Wizkid is one of the most sought-after celebrities. He is currently a brand ambassador for Puma & JD Sports, and this is a contract worth hundreds of millions.
Let’s not talk about his music streams on platforms like Spotify, Youtube, Audiomack, etc. Starboy pulls in millions from his songs especially his latest album, Made in Lagos, which has over 250 million streams.
He is also the brand face of UBA, Tecno, Ciroc, and many other ambassadorship deals. His current net worth is $29 million.
Davido
While Davido comes from a wealthy family, the musician earns a lot of money all by himself. Popularly known as OBO (Omo Baba Olowo), Davido doesn’t miss the opportunity to flaunt his wealth.
To book Davido, you may have to pay up to $200,000, and that is a lot of money. I guess that’s what happens when you’re a top-ranking artiste.
He also earns from his ambassador deals for popular brands like Pepsi and Infinix mobile.
Davido also makes millions of dollars from his music streams on streaming platforms.
Like a real businessman, Davido is also an ambassador and shareholder of Bisika, a Fin-tech company. He also expressed his thoughts on the social media platform Twitter about starting a bitcoin company. The real OBO, always looking for new ways to make money. His current net worth is $28.6million.
Burna Boy
Burna Boy is the most streamed artiste, and it is clear that he makes a tremendous amount of money from the streaming royalties. In just three years, Burna Boy made so much money that it put him in the top three wealthiest musicians in Nigeria.
He also makes millions from being an ambassador for Pepsi, Star, etc.
His current net worth is $25 million.
Don Jazzy
Don Jazzy is the only musician on this list that is not a recording artiste. He is a music executive that has so far demonstrated his business efficiency.
He is the current owner of Mavins Records and has pulled in millions through his signed artistes.
Aside from his ambassadorial deals, Don Jazzy is an investor exploring the world of Forex and real estate. His net worth is about $24.9million.
Dbanj
Even though we haven’t seen Dbanj in the music scene in a while, he maintains his place as one of the top five richest musicians in Nigeria.
He currently owns DB Records. His enthusiasm on stage has made him one of the most sought out singers, and his bookings are in millions of naira. His current net worth is about $24.6million.
