Top 10 Richest Female Musicians In Nigeria – (2024 Ranking)

According to our expert review, as of 2024 the top 10 richest female musicians in Nigeria are Tiwa Savage, Yemi Alade, Asa, Simi, Tems, DJ Cuppy, Omawunmi, Ayra Starr, Teni, and Mercy Chinwo.

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Analysis of Top 10 Richest Female Musicians in Nigeria 2024: 

This list is based on an in-depth analysis of the financial portfolio of the singers, encompassing various factors like their record sales, revenue streams, assets, endorsement deals, and personal business ventures.

RankNameEstimated Net Worth
1Tiwa Savage$10 Million
2Yemi Alade$5 Million
3ASA$5 Million
4Simi$3.5 Million
5Tems$3.2 Million
6DJ Cuppy$3 Million
7Omawunmi$2 Million
8Ayra Starr$1.5 Million
9Teni $1 Million
10Mercy Chinwo$600,000

1. Tiwa Savage

richest female musician in Nigeria

Summary

Net Worth$10 million
Age43 years
No Of Albums 3
Most Streamed SongsAll Over, Somebody’s Son, Koroba

Tiwa Savage aka the African bad girl, is one of the most influential female artists in Africa.

With a net worth of over $10 million in 2024, Tiwa Savage is the richest female musician in Nigeria.

Over the years, Tiwa has given us hit songs like ‘Kele Kele’, ‘All Over’, and ‘Eminado’, earning her over 400 thousand digital song sales worldwide and a slew of awards, including 1 MTV Award, 3 AFRIMMA awards, and 1 Headies Award.

Her latest album titled ‘Celia‘ being released in 2020 has recorded over 70,000,000 streams across various music streaming platforms, adding to her income.

Apart from her music career, Tiwa Savage is also a well-known brand ambassador for multiple brands.

She became the first female African celebrity to be signed by Pepsi to become the face of their brand.

Tiwa Savage is also a brand ambassador for other notable brands such as Nestle Maggi chicken cubes, Forte Oil, MTN, Tecno, Konga, and others.

In addition to her music and endorsement deals, Tiwa is also an actress and has been featured in some very good movies, including Colored Girls, MTV Sugar, and Funke Akindele’s Jenifa Series.

2. Yemi Alade

top 10 Richest female musicians in nigeria

Summary

Net Worth $5 million
Age34 years
No Of Albums5
Most Streamed SongJohnny

 Yemi Alade, also known as “Mama Africa,” is the second richest female musician in Nigeria with a net worth of $5 Million.

With her unique style and distinctive voice, she has become one of the most popular artists in Africa and beyond.

In 2020, the music video for her song “Johnny” was declared the most viewed music video by a Nigerian artist on YouTube significantly boosting her net worth.

Apart from her music career, Yemi Alade has also ventured into other businesses.

She has several endorsement deals with top brands, including Close-Up, Bland2Glam, and Nairabox.

She has also performed at sold-out shows and music tours, which have contributed contributed to her fortune.

3. Asa

A photo of asa singing

Summary

Net Worth$5 million
Age41 Years
No Of Albums:8
Most Streamed SongFire on the Mountain, Jailer

Asa, whose real name is Bukola Elemide, is a highly acclaimed singer and one of Nigeria’s richest female singers with a net worth of $5 million.

She amassed this wealth through sold-out concerts, album sales, and endorsement deals.

Two of Asa’s biggest songs are “Eyé Adaba” and “Jailer.” These songs have become classics loved by fans both in Nigeria and internationally and earn her millions of dollars.

4. Simi

Aphoto of Simi

Summary

Net Worth$3.5 million
Age35 Years
No Of Albums3
Most Streamed SongDuduke

Simisola Bolatito Ogunleye, popularly known as Simi, is one of Nigeria’s most celebrated and successful recording artists.

Her rise to fame began with the release of her hit single “Tiff,” which received massive airplay all over the country and helped establish her as a force to be reckoned with in the industry.

Simi’s success can be attributed to her unique music style, which blends contemporary pop with Afrobeat rhythms.

She has released several hit songs and albums that have earned her numerous awards and nominations, both locally and internationally.

In addition, Simi earns a considerable amount of money from streaming platforms, concerts, private events, album sales, and social media promotions.

Simi is also a brand ambassador for several local and international brands, including Opera Mini and Etisalat.

Her partnership with these brands has not only helped to increase her net worth but has also made her a role model for young Nigerians aspiring to make it in the music industry.

5. Tems

A picture tems sitting

Summary

Net Worth$3.2 million
Age28 Years
No Of Albums1 (1 EP)
Most Stream SongFree Mind, Damages

Temilade Openiyi, better known as Tems, is a Nigerian singer, songwriter, and record producer with a net worth of $2 million.

With her angelic voice, she has not only conquered the music scene but also established herself as one of Nigeria’s wealthiest female artists.

However, she rose to global prominence in 2020 after featuring in songs like “Essence” and “Fountains.”

Tems earns a significant amount of income from her music streams through royalties, playlist additions, and global reach.

Her songs are played on various platforms like Spotify, Apple Music, and YouTube, which pay artists based on the number of streams their songs receive.

dj cuppy net worth

Summary

Net Worth $3 million
Age31 Years
No Of Albums1
Most Streamed SongGreen Light

DJ Cuppy is a talented Nigerian singer-songwriter, and record producer, who is worth approximately $3 million in 2023.

She is the daughter of a well-known Nigerian billionaire, Femi Otedola, and was born on November 11th, 1992.

Despite being born into a wealthy family, she has made a name for herself in the entertainment industry and earns significant income from her DJ gigs, brand endorsements, and her influence as a public figure.

In 2014, Cuppy was chosen as the Tourism Ambassador for the country’s “Fascinating Nigeria” campaign and she was named one of Pepsi’s DJ Ambassadors in 2018.

Apart from her music career, Cuppy has also ventured into entrepreneurship and philanthropy, which has added to her dynamic career.

7. Omawunmi

omawunmi net worth

Summary

Net Worth$2 million
Age41 Years
No Of Albums4
Most Streamed SongBottom Bele

Omawumi’s soulful music has not only captured hearts but also attracted substantial wealth.

She was born Omawunmi Megbele on April 13th, 1982, in Warri, Delta, Omawumi is a talented singer, songwriter, lawyer, and actress.

She emerged as the first runner-up in the highly competitive show, losing to Timi Dakolo, another Nigerian musician.

After the experience, she began writing and producing her own songs.

In 2009, she released her debut album titled ‘Wonder Woman,’ which was a massive hit across Nigeria.

Omawumi has released many other hits, including ‘If You Ask Me’ and ‘Bottom Belle,’ which have helped her build her massive fortune.

The videos have gained millions of views on multiple streaming platforms.

Her songs are always educating and inspiring, touching on the problems faced in our Nigerian society

8. Ayra Starr

a photo of ayra starr

Summary

Net Worth$1.5 million
Age21 Years
No Of Albums1
Most Streamed SongRush

Ayra Starr is one of the wealthiest female singers in Nigeria widely known for her hit track, “Rush“.

She was born Oyinkansola Sarah Aderibigbe on June 14, 2002, in Cotonou, Benin.

Ayra Starr’s net worth is estimated to be between $500,000 and $1 million, which she earns from album sales, streams, sold-out tours, and live show performances.

9. Teni

teni net worth

Summary

Net Worth$1 million
Age30 Years
No Of Albums2
Most Streamed SongCase
Record LabelSugar Mommy Records

Teniola Apata, famously known as ‘Teni’ or ‘Teni Makanaki’ is a talented Nigerian singer, songwriter, and performer.

She is originally from Ekiti State, Nigeria, and is the younger sister of Niniola.

Teni’s career in the Nigerian music industry spans 7 years and has earned her an estimated net worth of $1 million.

Her rise to fame was meteoric, with the release of her single “Fargin” in 2016, which dominated numerous music charts across the nation.

She has also released other notable tracks like “Askamaya,” “Wait,” “Case,” “Lagos,” and “Amen,”  which have earned millions of online streams and sales.

Teni has also signed many endorsement deals with various companies including Wema Bank Nigeria, Budweiser Beer, TomTom, Pepsi Naija, and Tecno Mobile.

10. Mercy Chinwo

mercy chinwo net worth

Summary

Net Worth$600,000 – $1M
Age33 years
No Of Albums:2
Most Streamed SongExcess Love

Mercy Nneda Chinwo, popularly known as Mercy Chinwo, is a well-known gospel singer, actress, and songwriter.

She gained prominence after winning the Nigerian Idol Season 2 in 2012.

With an estimated Net worth of around $600,000, Mercy Chiwo is one of the richest female artists in the country.

Since then, she has consistently delivered soul-stirring gospel hits, making her one of the most successful gospel singers in Nigeria.

One of her breakout songs, “Excess Love,” garnered widespread acclaim, catapulting her into the spotlight and establishing her as a force in gospel music.

In addition to her musical talent, Mercy Chinwo has demonstrated a keen business sense.

She monetizes her craft through various channels, including concerts and live performances, which draw fans with her emotionally charged and spiritually uplifting shows.

Her popularity has also attracted brand endorsements, adding to her financial success.

Furthermore, Mercy Chinwo’s music sales, streaming royalties, and collaborations contribute to her income.

Her dedication to spreading a positive message through her music has not only garnered a massive fan base but has also translated into financial success.

Like many modern artists, Mercy Chinwo has leveraged social media platforms to connect with her fans and promote her brand.

Conclusion

Despite Nigeria’s richest musicians list being dominated by males, these few female musicians are making it big, earning fortunes that most people can only dream of.

They are more than just talented performers; they are also savvy music executives and successful entrepreneurs who have expanded their wealth by investing in various businesses.

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