The Nigerian music industry has been an amazing industry where Nigerian youths showcase their raw musical talents (Gifts) and some of them have made so much money from the music industry.

Some of the top 5 richest Nigerian musicians are listed below:

1. D’Banj: His real name is Oladapo Daniel Oyebanjo. He is a famous Nigerian singer, rapper, song writer and television personality who born on 9th june 1980 in Zaria in the northern part of Nigeria. He came into limelight in the year 2000 and has won MTV Africa Music Award for Artist of the Year.

D’Banj is also known as the Kokomaster who happens to be one of the popular, wealthiest, influential artist of our Time. In the year 2021, D’Banj got an endorsement deal in the Nigeria exports and import Bank (NEXIM).
He is a circular musician in Nigeria with an estimated net worth of roughly $30.1 Million and other luxurious properties and exotic cars like:

Harley Davidson Bike (₦2.3 Million).
Bentley.
Mercedes Benz AMG GT (₦53 Million).
Two Aston Martin Vantage (₦50 Million each).
Range Rover SUV.
Rolls-Royce Phantom (₦164 Million).
Ferrari F430 (₦68 Million).
Range Rover SUV.

 

2. Rude Boy: Paul Okoye as his real name implies, is a popular Nigeria circular musician who was born on the 18th November 1981 in Jos but he is from Anambra State Nigeria. In the year 2000, rude boy came into limelight alongside with his Twin brother peter okoye.

Peter and Paul Okoye of Psquare are one of the wealthiest and richest circular musicians in Nigeria in 2023. P-Square had an outstanding career and was charging up to 15 million NGN per show. P-Square are in list of the successful artists in this country.

Paul Okoye is a rich artist with an estimated net worth of $37.26 million and a luxuriously furnished 1.5 billion NGN house in banana island, Lagos Nigeria. A porsche 718 cayman, a dodge challenger, a range rover, Bentley bentayga , mercedes-benz GLE43 AMG 4MATIC Coupe, lamborghini aventador roadster, a G wagon and a lamborghini huracan.  Paul Okoye is also the proud owner a magnificent home in Parkview Estate, Ikoyi, Lagos, Nigeria etc.

 

3. Burna Boy: His real name is Damini Ebunoluwa Ogulu, a popular Nigeria circular musician, songwriter, singer and record producer born on the 2nd of July 1991. He embraced popularity in 2012 when his song “Like to Party” in his album (Life) was released.

Burna Boy happened to be one of the richest circular musician in Nigeria and also the first Nigerian artist to gain Grammy nominations. He gained one of the richest circular musician in Nigeria through his attributable to exposure through streaming, with his song “It’s Plenty” which was one of most streamed song in 2022. He has won lots of awards like the 63rd Annual Grammy Award for Best World Music Album in 2021. In 2023, Burna Boy still remains one of the richest singer as a significant portion of his income comes from ticket sales and tourin.

Burna boy became the first Nigerian musician to headline a sold-out show in New York City. He has $38 million estimated net worth with a multi million naira home in Lekki Lagos Nigeria. Burna Boy has a home with eight bedrooms in Lekki and exotic cars like; Rolls-Royce Dawn Convertible, a 2013 Ferrari 458 Italia, a 2022 Lamborghini Urus Novitec Edition and a Range Rover Autobiography.

 

4. Davido: David Adedeji Adeleke as his real name implies, is a famous Nigeria circular musician, songwriter, singer and record producer who was born on the 21st November 1992 in the United States of America but raised in Lagos State Nigeria.

Davido is a popular Nigeria artist who is one of the richest circular music singer and was once African best selling artist. In 2022 he performed at the World Cup closing ceremony in Qatar which sealed him among Nigeria’s richest circular singers. He has won numerous honors, including BET and MTV awards and has earned sponsorships from PUMA, Guinness and MTN, as a brand ambassadors, he also became the brand ambassador (Martell Cognac in a €12 million agreement).

In 2022, play station hired him in a similar capacity. He has $27.6million estimated net worth with a Toyota Land Cruiser, a Bentley Continental GT, a Range Rover SV Autobiography, a Bentley Bentayga, A Rolls-Royce Cullinan 2019, a $20 million home in Atlanta with two Luxury homes Worth #140 million NGN in Banana island Lagos Nigeria.

 

5. Ayodeji Ibrahim Balogun: He is popularly called “WIZKID“. He is a Nigerian most famous singers and
songwriter born on 16 July 1990, a 34 years old intelligent, most influential artist in Nigeria. He
is from surulere Ikeja Lagos State.

He is the first Nigerian singer to sell out the 02 Arena in London continuously for three nights also one of the richest circular musician in Nigeria. In 2010 he released his first song. Wizkid automatically became very famous and has gone both national and international which help him rank in the Top five richest and wealthiest Nigeria musician.

In 2020, his song “Essence”, was a highly praised album inside the album “Made in Lagos”, is the first Nigerian song in history to rank on the Billboard Hot 100 and Billboard Global 200. In 2021, this song was selected as the best song of the year by the US magazine RollingStone and nominated for Best Global Music Performance at the 64th Annual Grammy Awards.

In 2023, Apple Music ranked Wizkid one of the country’s most streamed artists. Wizkid is one of the Top 5 richest and wealthiest Nigeria musician. He has $26.million estimated net worth. He has two multimillion naira mansions, one in Los Angeles California and the other one in Surulere, Lagos Nigeria worth approximately 13 million NGN and exotic cars like; Lamborghini Urus,A BMW X6 crossover, Mercedes-Benz G63 AMG and a Porsche Panamera.