2022 Update: Top 10 Richest Musicians in Nigeria & Their Net Worths

Music is another big business in Nigeria. No wonder, majority of the musicians are living large.

Musicians in Nigeria are highly recognized in the world because of their riches and wealth accumulated from music.

READ ALSO; Anthony Joshua Reportedly Named Second-Richest Sportsperson In UK

In this article, we are going to highlight top 10 musicians in Nigeria and their current Net worths.



David Adedeji Adeleke, best known by his stage name Davido, is a Nigerian singer, songwriter, and record producer who was born in the United States.

Davido was born in Atlanta, Georgia, and raised in Lagos, Nigeria. He debuted in the music industry as a member of the KB International group.

His track “Dami Duro,” released in 2011, was well-received in Nigeria.

Davido co-owns HKN Music with his elder brother Adewale Adeleke (a record label that houses Sina Rambo, B. Red, and DeeKay), which he later quit to start his own record label DMW.

The musician attended British International School in Lagos before enrolling at Oakwood University to study Business Administration, which he eventually left.

He is one of the richest musician in Nigeria with an estimated net worth of $45Million dollars.


Wizkid is the stage name of Ayodeji Ibrahim Balogun, a Nigerian singer and composer.

The vocalist began his musical career at the age of 11 in a nearby church, where he eventually joined the Glorious Five, a local band.


During his rough times, the singer met OJB Jezreel, who became his mentor.

He began attending Jezreel’s studio, where he saw and learned from recordings by artists such as 2 Face Idibia and Sound Sultan.

He then joins Empire Mates Entertainment (E.M.E) in 2009, and that was the year Wizkid got his big break into the music industry. He was also the first signed under the then-popular record label co-owned by Banky W.  He gained his popularity with the release of “Holla at Your Boy”, the song from his debut album “Superstar” in 2010. The song topped the charts in 15 countries making him Nigeria’s most successful pop artist.

He is one of the richest musician in Nigeria with an estimated networth of $38Million dollars.


Michael Collins Ajereh AKA Don Jazzy is a Nigerian known for everything music ranging from songwriting, singer to the producer, and even an entrepreneur. Born in Umuahia in Abia state, Michael Collins Ajereh hails from the delta state. His father is an Isoko (A tribe in Delta state) while the mum is a princess from Abia, He was raised in Ajegunle as the family relocated to Lagos.

He has as an estimated net worth of $35Million dollars.


2Face was born on September 18, 1975, in Jos, Nigeria.

Despite the fact that he was born in Jos, he is a Benue State native.

With a net worth of $13 million, 2Face is one of the richest musician in Nigeria in 2022.

2Baba enhanced his musical abilities and rose to become one of Africa’s top Afropop performers.

He began his career with the Plantashun Boiz group before going solo.

You’d think he’d fade from view in the music industry.

But no, he persevered, even blossoming on his own.

Kenni Music signed him during his early career.

His first music CD, ‘African Queen,’ was released through Kennis Music.

Indeed, he was delivered to him by the African Queen brought him to the limelight in the year 2004. Since the debut of that song, Tuface has remained top of his game as he has made major hits back to back.

He has won different awards like the MTV Music Awards, Headies and BET Awards.


READ ALSO; Davido, Funke Akindele, Wizkid, Tiwa Savage Ranked Richest Entertainers on Instagram Rich List

Olamide Adedeji chose to retain his first name Olamide on stage. However, he is also called Baddo due to his street music’s nature. Olamide was born on March 15th, 1989, in Bariga, Lagos State.

Are you wondering about Olamide net worth? Olamide’s net worth is estimated to be $10.5 million – making him one of the richest musician in Nigeria in 2022.

Olamide is well known to sing mostly in his native language Yoruba, and this has gained him many fan bases and followership across western Nigeria, especially Lagos.

Olamide, who now has an estimated net worth of $10.5million, commenced his journey into the music world with the Coded Tunes label but currently puts a lot of effort to raise a few other artists through his YBNL record label.


Chinedu Okoli, popularly known as Flavour, was born on the 23rd of November 1983 in Enugu State. He is from Orumba South Local Government Area in Umunze, Anambra state.

Flavour’s net worth is estimated to be at $10.2 million in 2022 – making him one of the richest musician in Nigeria in 2022. Flavour is currently signed to 2nite Entertainment.

Music for Flavour started at the age of 13; he started as a young boy who loves to drum and became the drummer for his church choir.

His professional drum career started in 1999 after he studied music due to an invitation to join the professional music company on the grounds of scholarship.

Like the other artists in this list of richest Nigerian musicians 2022, Flavour has signed endorsement deals with top brands like MTN Nigeria, Nigeria Breweries life Beer and energy drink bullet.

Flavour has garnered lots of awards for different categories such as the 2014 Channel O Music Video Awards, Most Gifted Afro Pop “Ada Ada” Nominated.

He also won Best Traditional Artist -Best Video of the Year “Ada Ada” – Won

City People Entertainment Awards Musician Of The Year (Male) Nominated

Best Collabo of the Year “Oh! Baby (You & I)”(Chidinma featuring Flavour N’abania) Nominated

Video of the Year “Ada Ada” – MTV Africa Music Awards 2014 – Best Live Act.


Tiwa Savage is Nigeria’s richest female musician.

The “Kele Kele Love” singer has been in the game for a while and is well-versed in the business.

Tiwatope Savage, a multi-award winner, was born on February 5, 1980, and began her music career at the age of sixteen as a vocalist for George Michael and Mary J. Blige.

She is Nigeria’s richest female musician.

She has just raised her net worth by signing a multi-million dollar agreement with Jay-music z’s label.

Tiwa Savage’s net worth is estimated at $4.85 million.


Yemi Eberechi Alade, better known by her stage as Yemi Alade, was born in Abia State, Nigeria, on March 13, 1989.

Her singing career began in 2005, but she rose to fame after winning the Peak Talent Show in 2009.

“Johnny,” which has over 20 million views on YouTube, was one of the songs that helped her reach the top of the charts.

With a net worth of $4.2 million, Yemi Alade is the second richest female musician in Nigeria.


Omawumi Megbele, better known by her stage name Omawumi, is a Nigerian singer and actress who was born on April 13, 1982, in Delta State, Nigeria.

Her music career began in 2007 with the release of her first single, “In the Music.”

He has featured various renowned Nigerian performers since then, and she has risen to become one of the best in the Nigerian music industry.

She has an estimated networth of $3Million dollars.


Chidinma Ekile, often known as Chidinma or Miss Kedike, is a Nigerian vocalist who was born in the Kosofe Local Government Area of Lagos on May 2nd, 1991.

After winning the “MTN Project Fame West Africa” in 2010, she became well-known.

She is one of the female richest musician in Nigeria with an estimated net worth of $2.8Million dollars.

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