Top 15 Richest Musicians in Nigeria 2025 (Ranked)

In 2025, Nigerian music industry is thriving, and its top artists are not only churning out hits but also amassing serious wealth. These musicians make money from sold-out concerts, streaming royalties, big endorsement deals, and other business ventures.

Below is a look at the top 15 richest musicians in Nigeria 2025 Forbes list, their estimated net worth, and how they built their fortunes.

List of Richest Musicians in Nigeria & their Net Worth (2025):

Davido – $100M (₦153.0 Billion Naira)

Davido (David Adeleke), is one of Africa’s most influential Afrobeats stars and a global touring force. Known for his energetic performances, hit songs like Fall and If, Davido has also built a strong reputation as a businessman and label owner. His fortune is estimated at $100 Million (₦153.0B) making him the richest singer in Nigeria as of 2025.

Income Sources

• His albums, including Timeless, have racked up massive global streams.
• Davido has sold out top venues like the O2 Arena and headlined arenas across America and Europe including the 2022 FIFA World Cup in Quatar.
• Endorsements with Martell, Infinix, and Pepsi bring in millions.
• He is the founder of DMW (Davido Music Worldwide) and has invested in tech startups and real estate.

• Key Assets: ₦1.5B Banana Island mansion, House in Atlanta, Bombardier private jet, Rolls Royce Cullinan, Lamborghini Aventador.

Read more on Davido Net Worth.

Wizkid – $85M (₦110 Billion Naira)

Wizkid, born Ayodeji Ibrahim Balogun, is one Nigeria’s biggest musical figure and one of Africa’s richest musicians.

Wizkid has headlined global festivals, broken streaming records, and signed major endorsement deals. In 2025, his net worth is estimated between $70 million – $85 million (₦90B – ₦110B).

Income Sources

• Wizkid’s Grammy-nominated album Made in Lagos and the global success of his hit Essence (the first Nigerian song to chart on both the Billboard Hot 100 and Global 200) continue to generate wealth through royalties.
• Money earned from sold-out shows at the O2 Arena in London and Madison Square Garden in New York. In 2024, he also performed at Coachella alongside Tems and Justin Bieber.
• Endorsements with Pepsi, Puma, UBA, and Tecno Mobile bring in millions. He previously worked with MTN, Glo, Guinness, Nike, and Ciroc.
• He also earns through his record label Starboy Entertainment and real estate investments in Lagos.

• Key Assets: ₦1.4B Banana Island mansion, Los Angeles residence, Ferrari SF90 Stradale, Rolls Royce Cullinan.

Read more on Wizkid Net Worth.

Burna Boy – $40M (₦61.2 Billion Naira)

Burna Boy, whose real name is Damini Ogulu, has cemented his place as a Grammy-winning Afro-fusion pioneer. His world tours and fearless branding have made him one of the highest paid African performers. Burna Boy’s net worth in 2025 is estimated between $27 million – $37 million which is about ₦40 – ₦50 billion naira.

Income Sources

• Album and music sales and streaming
• Earns heavily from international tours, including being the first African artist to sell out London Stadium.
• Endorsements with Martell Cognac, Chivas Regal and GLO
• Merchandise and fashion lines
• Investments, including cryptocurrency (mentioned in his track ‘Dem Day’)

• Key Assets: Lekki mansion with studio (₦500M+), Rolls Royce Dawn, Ferrari 458 Italia, Lamborghini Urus, Range Rover SUVs.

Mr Eazi – $30M (₦45.9 Billion Naira)

Mr Eazi (Oluwatosin Ajibade) is both a musician and an entrepreneur, known for pioneering the “Banku Music” sound while also building a strong presence in the African startup space. As of 2025, Mr Eazi’s net worth is estimated at $30 Million (₦45.9B).

Income Sources

• Music royalties and tours.
• Founder of emPawa Africa, investing in young African artists eg Joeboy.
• Tech investments via Zagadat Capital (portfolio includes pawaPay, among others
• Endorsements with Puma, Vydia.

• Key Assets: Homes in Lagos & Ghana, fleet of luxury SUVs, equity stakes in emPawa Africa and tech startups, investments in real estate.

Don Jazzy – $25M (₦38.3 Billion Naira)

Don Jazzy (Michael Collins Ajereh) is Nigeria’s most famous music producer and one of the industry’s biggest powerbrokers. As the founder of Mavin Records, he has discovered and nurtured other top-tier musicians like Rema, Ayra Starr, and Tiwa Savage. His influence reach far beyond the studio, making him a key figure in Nigerian pop culture. Don Jazzy’s net worth is estimated at $25 Million (₦38.3B) as of 2025.

Income Sources

• Royalties from production and songwriting.
• Profits from Mavin Records, home to Rema, Ayra Starr, and more.
• Endorsements with MTN, Samsung, Quidax and Loya Milk.
• Tech, real estate, and his Jazzy’s Burger brand with multiple branches across Nigeria.

• Key Assets: ₦500M Banana Island mansion, fleet of luxury cars, stake in Mavin Records, Jazzy Burger business, tech startup investments.

P-Square – $25M (₦38.3 Billion Naira)

P-Square (Peter and Paul Okoye) are Nigeria’s most famous music duo, and in 2025 their combined net worth is estimated at $25 Million (₦38.3B), built on a career of chart-topping songs and sold-out tours and personal business ventures.

Income Sources

• Private appearances and lucrative endorsement deals including a multi-million naira contract with Globacom.
• Earned millions from their 100-city reunion world tour across the US, UK, Europe, and Africa.
• Music streams and royalties
• YouTube earnings continue to flow from classics like ‘Personally‘ and ‘Chop My Money.’
• Peter Okoye also runs gaming ventures such as Zoom Lifestyle and ZoomBets, which boost the family’s overall income.

• Key Assets: Banana Island mansion, luxury cars, co-owned private jet, Peter Okoye’s Zoom Lifestyle/ZoomBets platforms.

Olamide – $20M (₦30.6 Billion Naira)

Olamide Adedeji, better known as Olamide Baddo, is a pioneer of street rap in Nigeria and a consistent hitmaker. Over the years, he has built both a loyal fan base and a strong business empire through his YBNL label, mentoring younger stars like Fireboy DML and Asake. His estimated net worth in 2025 is $20 Million (₦30.6B).

Income Sources

• Music and album sales; founder of YBNL Nation.
• Signed breakout stars like Fireboy DML and Asake.
• Endorsements with Goldberg Lager Beer and Monster Energy.
• Streetwear partnerships

• Key Assets: ₦400M Lekki mansion, luxury cars (Range Rover, Mercedes G-Wagon), YBNL label assets, real estate in Lagos.

Read More on Olamide Net Worth.

D’banj – $15M (₦22.9 Billion Naira)

Dbanj’s net worth in 2025 is estimated at $15 Million (₦22.9B). Being one of the longest standing musicians in the game, his fortune is sustained by royalties from his evergreen music catalogue, endorsements deals with top brands, and multiple business ventures.

Income Sources

• Global royalties from Oliver Twist and Mo’Hits-era catalog, which charted in the UK and still streams widely.
• Endorsements: multimillion-naira Globacom deal, Ciroc Nigeria, Beats by Dre, Heritage Bank ambassador.
• Entrepreneurship: Founded C.R.E.A.M Platform, a digital talent platform/lottery licensed by the Nigerian government, generating income from music/talent contests.
• Corporate events and private shows.

• Key Assets: ₦300M Lekki mansion, fleet of luxury cars, CREAM platform investments, endorsements in agriculture/tech.

Tiwa Savage – $13M (₦19.9 Billion Naira)

Tiwa Savage, known as the Queen of Afrobeats, has built a career that spans music, fashion, and global endorsements. Her international performances and major deals make her the richest female musician in Nigeria with a net worth of $13 Million (₦19.9B) in 2025.

Income Sources

• Streaming revenue as the most-streamed Nigerian woman on Spotify
• Music and global tours, performing in Europe and the US.
• Endorsements with Pepsi, MAC Cosmetics, and TECNO.
• Fashion and skincare ventures.

• Key Assets: ₦300M Lekki home, luxury cars (Mercedes G-Wagon, Bentley), fashion line, investments in beauty & lifestyle.

Rema – $12M (₦18.4 Billion Naira)

Rema (Divine Ikubor) is the youngest on this list and one of Nigeria’s fastest-rising global stars. With his breakout hit Calm Down crossing 1B+ streams, he has carved out a place among Afrobeats heavyweights despite his age. Ream’s net worth in 2025 is estimated at $12M (₦18.4B).

Income Sources

• Global breakout with Calm Down, which surpassed 1B streams on Spotify
• Worldwide tours in Europe, US, and Asia.
• Endorsements with Sprite and Skechers.
• Streaming royalties from international hits

• Key Assets: Lagos mansion, luxury cars (G-Wagon, Range Rover), royalties from Calm Down.

Read more about Rema Net Worth in 2025

Flavour – $12M (₦18.4 Billion Naira)

As of 2025, Flavour’s net worth is estimated at $12M (₦18.4B Naira). Chinedu Okoli, better known as Flavour N’abania, is a talented highlife singer, songwriter, and performer celebrated for his unique blend of traditional Igbo sounds with contemporary music. With hit songs, sold-out shows, and major endorsements, Flavour has built a fortune that places him among the richest musicians in Nigeria.

Income Sources

• Music streams and YouTube earnings from hits like Ada Ada and Levels.
• Live performance: charges up to ₦10M per show, especially for high-profile weddings and events
• Endorsements with Life Continental Lager Beer, MTN, and Globacom.
• Strong regional
• streaming and collaborations with top Igbo billionaires.

• Key Assets: Properties in Enugu and Lagos, Luxury SUVs.

Phyno – $10M (₦15.3 Billion Naira)

Phyno’s net worth in 2025 is estimated at $10 Million (₦15.3B). Phyno is widely recognized for bringing indigenous Igbo rap into mainstream Afropop. His unique style and cultural influence have earned him a loyal following and significant fortune over the years.

Income Sources

• music streams and album sales.
• Concerts and regional tours
• Endorsements with Guinness, Hero Lager, and Airtel Nigeria.
• Heavy investor in Lagos real estate, reportedly owning over 20 houses.
• Nollywood soundtracks

• Key Assets: Enugu and Lagos homes, Rolls Royce Phantom, other luxury SUVs, real estate ventures.

Asake – $10M (₦16.0 billion)

Asake (Ahmed Ololade) is one of Afrobeats’ richest rising stars, with a net worth of $10.5 Million (₦16.0 billion) in 2025, thanks to his hit singles, arena tours, and brand ambassadorial deals. He is credited as one of the most talented musician in Nigeria.

Income Sources

• Streaming royalties from his songs and albums.
• Sold out major venues including O2 Academy Brixton.
• International collaborations with, Gunna, Travis Scott, Stromzy, Central Cee.
• Endorsement deals with Guinness Nigeria and fashion collaborations.

• Key Assets: Lagos mansion (new purchase), luxury cars (Range Rover, Benz), YBNL-linked assets.

Read More on Asake Net Worth.

2Baba – $10M (₦15.3 Billion Naira)

As of 2025, 2face net worth is estimated at $10 Million which is over ₦15.3 Billion Naira. 2Face Idibia, is a legendary Nigerian singer, songwriter, and record producer, widely regarded as one of Africa’s greatest music icons. With decades of hit songs, awards, and brand deals, he still sits at the top of Nigeria’s richest singers.

Income Sources

• Music streams and royalties from evergreen hits like ‘African Queen‘.
• Brand endorsement deals with Campari, Plus Telecom, and Oraimo.
• Entrepreneurship: owns Rumors Nightclubs in Lagos and Festac.
• Also generates income through UNHCR ambassadorship and corporate bookings.
• Corporate and private bookings.

• Key Assets: ₦400M Lagos mansion, Rumours Night club (2 branches), luxury cars, Hypertek Digital label.

Yemi Alade – $6M (₦9.2 Billion Naira)

As of 2025, Yemi Alade’s net worth is estimated at $6M which is over ₦9.2 Billion Naira. Yemi Alade, known as “Mama Africa,” is one of the most traveled female artists from Nigeria, with a huge fan base across Africa, Europe, and beyond. Famous for her hit “Johnny,” she has consistently stayed relevant with tours and brand partnerships.

Income Sources

• Global music tours across 30+ countries.
• YouTube channel: first African female artist to hit 100M YouTube views for her music video “Johnny”.
• Endorsements with Shell and Luc Belaire.
• Acting and TV appearances.

• Key Assets: Lagos mansion, fleet of luxury SUVs, music catalog royalties

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