Top10 richest in the music industry in Nigeria

The music industry has indeed evolved over time as Nigerian music are being streamed globally.

As expected with such fame came more cash and more women however in this article I will be giving a list of top 10 richest in the music industry in Nigeria.

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Note that this list is based on their net worth according to Forbes and their lifestyle choices.



International artist, David Adedeji known for his stage name, Davido is worth $40 million.

The singer who started his career at a very young age has made a name for himself as he remains one of the richest in the industry.


Singer, Wizkid is worth $30 million as he remains loved by his fans. The father of 3 is reported to be first Nigerian to have sold out the 02 arena UK three days in a row.

Burna Boy

Burna Boy

Grammy Award Winner, Burna Boy net worth is $20 million as the singer has made himself recognized worldwide with his talent.

The River state indigene, Burna Boy, rose to national acclaim in 2012 after he released ‘Like to Party’ from his debut album L.I.F.E.

Don Jazzy

Mavin boss, Don Jazzy is worth $20 million as he has indeed made his mark in the music industry.

Don Jazzy who started making waves On May 7, 2012 when he opened his Mavin Record ever since the producer and talent manager has been doing a good job as he has brought the likes of; Korede Bello, Dr SID, D’Prince, Di’Ja, Johnny Drille, Ladipoe, DNA Twins, Rema, Ayra Starr, Magixx & Boy Spyce.


Legendary singer, Innocent Idibia is worth $18 million according to reports. The singer who made it to the limelight with his ‘African Queen’ single.

He is also a recipient of 70 awards, including; the MTV Music Awards, Headies, and BET Awards.



Olamide is worth $15 million and the singer has earned every penny.

Recently in 2021, he teamed up with street talent, Portable, on his song ‘Zazoo Zeh.’ The song has received national acclaim and accolades.

Olamide has also hinted that his next body of work may be his last. He said he’s putting on finishing touches to make it “the best.” After ‘Unruly,’ the rapper noted that he would drop only singles in the future.


Singer, Phyno has a net worth of over $12 million as he has made a name for himself.

Phyno is a recipient of awards, including the best song of the year award and the best collabo.

He also has music collaborations with Flavour in the song, ‘Doings’ and a team-up with DJ Kaywise to deliver the banger, ‘Highway’ in 2020.


Timaya is worth $11.5 million according to reports. The singer joined the  ‘Dem Mama Soldiers in 2005. In 2007 he released ‘True Story”. True Story was closely followed by other big hits like ‘Gift and Grace’ released in 2008, and De Rebirth, his third album.


Singer, Asa

Asa is worth over $10.5 million as she is one of the legendary singer Nigeria has.

Her album “Asa” made her the winner of the French Constantin Award in 2008, from among ten singers judged by a jury of 19 music industry experts in Paris.

Asa has won several awards, including a nomination for “Best R&B/Pop Album,” “Best Alternative Song,” “Best Vocal Performance (Female),” and “Best Recording of the Year” at the 2015 Headies.



Celebrity twins, P-square is are both worth $10 million. The duo were worth over $18 million before they separated in 2017.

Peter and Paul were born in November 1981; in Jos, Plateau State. In 2003 they released an album titled “Last Nite.” This album was termed their “big break.”

P-square was doing great back then; they would charge up to 15 million naira for a show.

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