Wizkid Net Worth 2024: Cars, House and Source of Wealth

According to Forbes Africa, Wizkid's net worth is estimated to be $35 million in 2024, making him the richest musician in Nigeria.

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Wizkid Net Worth Growth

Wizkid has an estimated net worth of over $30 million according to Forbes, which he earned through a combination of record releases, live performances, endorsements, and commercial ventures.

Between 2018 and 2024, Starboy earned a whopping $35 million from his music tours, selling albums, and brand deals.

This has made him one of the top 10 highest-earning musicians in Africa.

READ: Davido Net Worth 2023

Below a table showing Wizkid’s annual networth from 2017-2024:

YearNet Worth
2024$35 million
2023$30 million
2022$26 – 28 million
2021$24 million
2020$22 million
2019$15 million
2018$5 million
2017$4 million

Sources of Income

Wizkid Net Worth 2024: Cars, House and Source of Wealth

1. Brand Endorsements

In addition to his successful music career, Wizkid has also earned significant income from his brand endorsement deals.

READ: Burna Boy Net Worth 2023

It’s no surprise that top companies worth millions of dollars would want to associate themselves with the Starboy brand.

Partnership with Tecno Mobile

One of Wizkid’s notable endorsements is with Tecno Mobile.

He became a brand ambassador for the company in 2020 and his deal was worth $150,000.

Collaboration with United Bank of Africa (UBA)

Wizkid became the face of one of Nigeria’s biggest banks UBA, in 2019.

UBA offered him a mouth-watering deal that will see the singer make a whopping sum of $ 3 million

Partnership with Ciroc

In 2018 Wizkid entered into a great deal with Ciroc to become their brand ambassador.

The collaboration with Ciroc, a premium vodka brand, adds a touch of sophistication to his brand portfolio.

After signing the deal, the singer shared the news on his social media page, however, the details and the monetary value of the deal were not disclosed.

Partnership with Pepsi

In 2012, Wizkid signed a lucrative $300,000 endorsement deal with Pepsi, which led to one of the company’s most viral moments.

After one year elapsed, Pepsi extended their deal with Wizkid for another year and again for another 5years.

After all the years of being the brand ambassador for Pepsi, Wizkid made an estimated sum of $ 1.8 million.

His Pepsi deal continues to be a very great accomplishment for the Afrobeats singer.

Deal with MTN

In 2013, MTN signed a brand ambassador deal with Ayodeji Ibrahim Balogun, popularly known as Wizkid

The deal was worth $115,000 and was for a one-year period.

At the end of the initial one-year contract, MTN renewed Wizkid’s contract for another two years, making him their brand ambassador for a total of three years.

Affiliation with Glo

In 2015, the singer decided to switch his endorsement deal from MTN to GLO.

It is reported that GLO offered him a deal worth $328,000, which was double the amount he was previously getting from MTN.

Guinness

Wizkid was offered an endorsement deal by Guinness, a leading alcoholic drink brand, during the Guinness World Concert.

The details of the deal were not revealed, but it was said to be worth millions of Naira.

Starboy & NIKE

In 2018, Nike offered Wizkid a one-year deal worth $20,000.

Wizkid Net Worth 2024: Cars, House and Source of Wealth

This was made possible after the NFA and Nike had signed a five-year jersey contract.

Upon the completion of the first year, Nike decided to renew the contract for another year.

Partnership with Dolce & Gabbana

Back in 2015, Dolce and Gabbana offered Wizkid an endorsement deal by Dolce and Gabbana, which gave him the chance to walk down the runway alongside British supermodel Naomi Campbell.

The deal was reportedly worth $10,000.

Wizkid & Puma

In 2020, Puma, the multinational sportswear company, offered him a deal worth a whopping sum of $1 million.

2. Music Streams

With millions of monthly listeners, Wizkid’s music generates substantial revenue from streaming alone.

His album, ‘Made in Lagos,’ is a perfect example of how streaming can take an artist’s music to new heights.

It has reached a phenomenal milestone of over 1 Billion streams in the United States, raking in millions of dollars.

3. Features

Another way Wizkid earns money is by featuring other artists.

Below we’ll look at some of Wizkid’s biggest features that have earned him the most income:

Ojuelegba (Remix)” feat. Drake & Skepta (2015)

This remix propelled Afrobeat to global heights with the help of Drake and Skepta.

“Come Closer” feat. Drake (2017)

He also collaborated with Drake on “Come Closer,” a chart-topping single which was off his “Sounds from the Other Side” album.

“One Dance” by Drake feat. Wizkid

Wizkid’s contribution to Drake’s smash hit, ‘One Dance’, earned him this accolade.

The track holds the Guinness World Record as one of the most-streamed songs on Spotify with over 1 billion streams.

Brown Skin Girl” feat. Beyoncé, Blue Ivy Carter, and Saint John (2019)

Beyoncé’s “The Lion King: The Gift” album featured a remarkable collaboration that celebrated black beauty and culture.

As a result, the song ended up earning Wizkid his first-ever Grammy Award.

“Essence” feat. Tems (2020): “Essence”

His “Made in Lagos” album had a standout track which was a collaboration with Tems.

The song made history as the first Nigerian song to chart on both the Billboard Hot 100 and the Billboard Global 200.

It was also nominated for the Best Global Performance category at the 64th Annual Grammy Awards.

4. Live Shows and Performance

Wizkid Net Worth 2024: Cars, House and Source of Wealth

Wizkid’s undeniable talent has earned him a spot among the most sought-after performers in Nigeria and beyond.

In 2018, Wizkid made history as the first African artist to sell out the iconic O2 Arena in London, headlining the Afro Republik concert.

Following the release of his album ‘Made In Lagos‘ in 2021, he embarked on a global tour that took him to different cities, including London, Paris, and New York.

The tour was a massive success, featuring sold-out shows and other Nigerian and international artists, showcasing his popularity and influence in the Nigerian music industry.

In addition, Wizkid is said to charge between 800 thousand dollars and 1 million dollars for a show.

5. Personal Business

As a successful singer and entertainer, Wizkid has invested his wealth in a few personal businesses. Some of which we will list below;

6. Starboy Entertainment

In 2013, he founded his record label, Starboy Entertainment, which has since signed talented artists such as Maleek Berry, Legendury Beatz, L.A.X, and later on, Terri, Efya, and others.

7. Starboy Pop-Up Stores

Wizkid also expanded his business by opening Starboy pop-up stores in major fashion hubs like London and New York.

These stores sell clothing items designed for his fans.

Biography

wizkid net worth

Born Ayodeji Ibrahim Balogun on July 16, 1990, Wizkid was raised by his Muslim father and Christian mother in the vibrant neighborhood of Surulere, Lagos State.

Read our article on the history and biography of wizkid for extensive details about his early life and rise to fame.

Music Career

wizkid in a private jet

Wizkid’s journey in the music industry began at the young age of 11 when he started performing at his mother’s church.

In 2009, he dropped his first single, “Holla at Your Boy,” which quickly became a sensation all over Africa.

After signing a record deal with EME Music, he released two studio albums, “Superstar” and “Ayo,” over five years.

He eventually left EME to launch his label, Starboy Entertainment, giving him more creative control over his music and the freedom to explore new sounds, collaborations, and business ventures.

As a record label boss, he not only earns money from his music but also from managing other artists under his label.

In 2016, Wizkid collaborated with Drake on the hit single “One Dance,” propelling him to international fame.

This song opened doors for international acts, brands, and businesses to collaborate with him, substantially increasing his income.

Cars

wizkid in his rolls royce

It’s no secret that Wizkid leads a luxurious lifestyle and boasts an impressive collection of cars.

https://www.instagram.com/p/Cugrq1dNa89/?igshid=MTdlMjRlYjZlMQ==

Below is a list of his most expensive cars and their worth:

Wizkid CarsPrice in Naira
Lamborghini Aventador₦620 Million
Rolls Royce Cullinan₦438 Million
Lamborghini Urus₦350 Million
Mercedes Benz V Class (2019)₦78 Million
Mercedes-Benz G-wagon₦70 Million
Porsche Panamera₦60 Million
Porsche Cayenne ₦18 million
BMW X6 crossover ₦15 million

Houses

It’s impressive how the singer has strategically acquired properties in Lagos.

Back in 2013, Wizkid bought his very first house in Lekki, Lagos for N 68 million.

This highbrow area is known for its luxurious real estate.

machala

Besides, the artist also has another house in Surulere, Lagos, which he purchased for ₦13 million.

According to online sources, he bought this house for his parents.

Moreover, his investment portfolio extends beyond Nigeria, as he owns a 3-storey mansion in Los Angeles, US, which reportedly costs between $10 million and $15 million.

Other Properties

Starboy lives a life of luxury, aside from owning multiple houses, cars, and jewelry worth millions of dollars, he also has other landed properties and real estate all over the world.

It was speculated that Wizkid owned a private jet worth over $40 million but Dockaysworld could not confirm the authenticity of the reports.

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