The richest musicians in Nigeria this year include powerhouses like Davido, Wizkid and Don Jazzy, with net worths that reach into the tens of millions. But what’s been the secret of their success, and what can you learn from their stories?
Nigeria’s vibrant music ecosystem is booming, but who is cashing out? In 2025, the country’s biggest artists aren’t merely dropping hit songs — they’re banking millions. From chart-topping Afrobeats stars to the iconic producers defining the industry, these talents have charted their skills into global wealth.
Here we will discuss the 10 richest musicians in Nigeria, their eyeball stunning networths, fascinating automobiles, and the brainwaves that keep them ahead. Whether you’re a music buff intrigued by their extravagant ways of life or an emerging musician searching for inspiration, there’s something for you here. Now let’s dive into the glamour, hustle and brilliance fueling Nigeria’s music millionaires.
Top Richest Musicians in Nigeria
Many of Nigeria’s richest musicians discovered their musical talents long before they hit their teen years. Some were never certain until later years that music was their calling. Others, however, dreamed of something entirely different growing up, arriving at music by the time they reached high school or college. This wealth profile of the richest Nigerian musicians gives you a glimpse into the lives of the big guys, where they showcase their fascinating cars and magnificent homes.
Who Are the Top 10 Richest Musicians in Nigeria?
| Rank | Name | Net Worth | Key Achievements |
|---|---|---|---|
| 1 | Davido | $120 million | Founder of DMW, Infinix ambassador, global hit songs |
| 2 | Wizkid | $80 million | Global collaborations, Grammy nominee, Pepsi ambassador |
| 3 | Don Jazzy | $78 million | Founder of Mavin Records, music producer, Loya Milk ambassador |
| 4 | Burna Boy | $70 million | Grammy winner, African Giant album, Martell ambassador |
| 5 | Olamide | $55 million | Street hop king, founder of YBNL Nation, Guinness ambassador |
| 6 | Tiwa Savage | $43 million | Queen of Afrobeats, Pepsi ambassador, actress |
| 7 | Phyno | $34 million | Indigenous rapper, Oppo ambassador, hit albums |
| 8 | 2Baba (2face Idibia) | $29 million | Music legend, Guinness ambassador, entrepreneur |
| 9 | Patoranking | $27 million | Reggae-dancehall star, global hit songs, entrepreneur |
| 10 | Mr Eazi | $19 million | Afrobeats star, founder of emPawa Africa, Hennessy ambassador |
Why Nigeria’s Music Scene Is a Gold Mine in 2025
Nigerian music is having a moment, and it’s not hard to understand why. Afrobeats is dominating the world stage, with acts selling out venues globally and racking up billions of streams. It’s more than great songs in 2025 — it’s a billion-dollar business.
The billions have put smiles on the faces of the richest musicians in Nigeria, now making their fortune from music sold, global tours and mouth-watering endorsement deals with global brands ranging from Pepsi to MTN.
But their success isn’t a coincidence; these stars have found ways to turn those rhythms into major bucks.
Look at Davido, for instance. With a net worth that hit $100 million, he’s not just running up the charts — he’s taking that platform to build businesses and give to charity, too. Then there was Burna Boy, who has parlayed Grammy wins into new heights of global stardom and revenue.
The fortune these Nigerian artists are accumulating comes from raw talent, unquenchable drive and calculated moves well beyond the confines of recording studios.
So, what is behind this money-making boom? It’s a combination of streaming giants like Spotify, massive fan bases, and their ability to stay in the public eye in a changing industry.
This story is about more than the cash, though — it’s a bigger story. Nigeria’s music scene shows creativity can pay off — and in 2025, those payoffs are blooming.
Want to know who’s at the top of the list? The top earners and what makes them special.
1. Davido: The Omo Baba Olowo – $120 Million
Davido — whose real name is David Adedeji Adeleke, is one of Nigeria’s best-known and most successful musicians. Born in Atlanta, Georgia, on Nov. 21, 1992, he was raised in Nigeria and has since blown up the music scene like no business. Currently, Davido’s net worth stands at an incredible $120 million—obviously indicative of his talent and hustle.
This multi-talented artist is not only a singer and songwriter but also a record producer and the founder of Davido Music Worldwide (DMW), his record label. DMW is a powerful force that constantly drops fire after fire, keeping Davido at the top of his game. One can call him a real powerhouse in the music space.
But Davido is not just making the music — he’s living the dream. The man has a Bombardier Global 6000 private jet, and his car collection? Pure fire! We’re looking at a 2019 Rolls-Royce Cullinan and a Lamborghini Aventador S Roadster, to name a few. If you’ve ever wondered about the meaning of luxury, Davido is that life.
How did Davido make his money?
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Hit Songs:
Tracks like “Fall” and “If” have taken the world by storm, dominating charts everywhere.
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Business Ventures:
Beyond music, Davido has invested in real estate and even runs a logistics business.
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Endorsements:
Big brands like Infinix and Pepsi have tapped him for lucrative deals.
In June 2023, Davido reaffirmed that he was a global superstar when he sold out the Capital One Arena in Washington, D.C. With 20,000 fans belting every word, it was obvious the world was on fire with his Timeless album, even raking in a Grammy nomination.
And it’s not only the music — Davido’s social media game is unpredictable. With at least 29.4+ million fans on Instagram, no wonder audiences can’t get enough of him.
So Davido is now the richest musician in Nigeria in 2025, according to Forbes with a net worth of $120 million. From his infectious hits and larger-than-life personality, it’s no wonder he continues to shine bright and inspire millions worldwide. So Davido is not just a musician; he’s a movement.
2. Wizkid: The Starboy of Afrobeats
Ayodeji Ibrahim Balogun, known as Wizkid (born July 16, 1990), is a Nigerian singer and songwriter widely regarded as one of the biggest music stars in Nigeria.
With his smooth vocals, catchy melodies, and global appeal, Wizkid has become a household name not just in Nigeria but around the world. From aspiring boy to international sensation, the journey is worth a story.
He has become a global icon, collaborating with international stars like Beyoncé, Drake, and Justin Bieber. Wizkid net worth of $80 million has placed him as the second richest Nigerian musician in 2025.
How did Wizkid make his money?
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Music Sales and Streaming:
Wizkid’s albums and singles have generated millions in revenue.
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Endorsements:
He has lucrative deals with brands like Pepsi and Nike.
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Concerts and Tours:
His sold-out shows worldwide contribute significantly to his income.
Wizkid’s global music achievements influence his lifestyle as he loves luxury cars, a multitude of fashion designers, and his large homes. He possesses a spectacular car collection, many of which include high-end vehicles such as the Porsche Panamera, Mercedes-Benz G-Wagon, Range Rover Autobiography, and Bentley Bentayga, which he shows off on social media.
In addition to his wheels, Wizkid is a style authority, rocking designer wear including Gucci, Louis Vuitton, and Balenciaga, keeping him in the spotlight on and off the stage.
Aside from cars and fashion, Wizkid also loves to live a comfortable life in luxurious properties, which include a multi-million-dollar mansion in Lagos and a high-end apartment in Los Angeles.
His jet-setting persona flies him around the world for concerts, events and vacations, and he’s often gracious enough to share peeks into his luxurious life with the world.
It is this blend of the aspirational with the relatable that makes Wizkid’s luxury lifestyle attractive to fans, whom Wizkid reminds he started grinding from the point of origin that was far from superstardom.
3. Don Jazzy: Million Producer Extraordinaire
Michael Collins Ajereh, known professionally as Don Jazzy, is not only an innovator with the beats, he is also a money-making machine, Don Jazzy’s net worth is alleged to be $78 million.
The architect of Mavin Records, he has taken major stars like Tiwa Savage and Rema to market, and the latter’s top 10 hit “Calm Down” has swept the globe. The sale in 2024 of Mavin to Universal Music Group — rumoured to have been the equivalent of $200 million — sent his wealth into the stratosphere.
How Don Jazzy Built His Wealth
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Music Production:
He has produced hits for artists like D’banj and Tiwa Savage.
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Record Label:
Mavin Records generates revenue from its roster of talented artists.
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Endorsements:
Don Jazzy has partnered with brands like Loya Milk and Samsung.
His wealth isn’t all digits on a balance sheet; it’s, well, best reflected by his Lekki mansion and fleet of cars, including a Mercedes-Benz G63 AMG. Don Jazzy’s riches come from royalties from production work done over decades, profits earned at Mavin and nice endorsement deals with brands like Johnnie Walker.
Unlike so many artists pining for the marquee, he flourishes in the margins, showing you don’t need a mic to hit it big.
What can we learn from Don Jazzy? Diversification, diversification, diversification. He’s not counting on only one hustle to stay afloat — music, business and wise investment decisions continue to keep him in the ranks of the wealthiest musicians in Nigeria. His story illustrates how talent behind the scenes can take the spotlight.
Don Jazzy donates ₦100 million to VeryDarkMan’s NGO
In October 2024, Don Jazzy, Mavin Records chairman and a renowned music producer, once again proved that he is more than just a big name in the league of Nigeria’s richest musicians.
He pumped a whooping 100 million naira donation into Very Dark Man, a social media activist and philanthropist, to help push his Non-Government Organization efforts.
Very Dark Man is an individual with a background who has built his interest in hands-on work — philanthropy, humanitarian work, advocacy and what he calls “for ministry.” He is focused on delivering food, education and healthcare to disadvantaged communities that need it most.
4. Burna Boy: The Grammy-Winning Giant
Burna Boy, whose real name is Damini Ebunoluwa Ogulu, Born on 2 July 1991, is a Nigerian music superstar whose reach touches continents. His distinct sound and impressive pedigree are surely proving his worth on the international music circuit.
Research on Nigerian musicians estimates Burna Boy’s net worth to be $70 million as of 2025, making him one of the richest. That’s on the back of earnings from his music, tours and endorsements, although numbers do fluctuate based on private investments and undisclosed aHow did Davido make his money?
These accolades range from a string of BET Awards to a win at the Grammys, the latter cementing his status as an international superstar. He works hard for the N500 million Lekki mansion and expensive cars he owns.
How did Burna Boy make his money?
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Album Sales:
His albums, such as “African Giant” and “Twice as Tall,” have been commercial successes.
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International Tours:
Burna Boy’s tours in Europe, America, and Africa generate millions.
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Brand Endorsements:
He has partnered with brands like Martell and Star Beer.
His signature blend of Afrobeat, reggae, and dancehall has catapulted him to international stardom, including a Grammy win for his album Twice as Tall. From sold-out tours across Europe and the U.S. to lucrative brand endorsement deals that include Star Lager, Burna Boy’s empire expands.
Some fans ask, “Who will be the richest musician in Nigeria in 2025? And Burna Boy is most definitely among them.
5. Olamide: The Rap King
Olamide Adedeji, born on March 15, 1989, popularly known as Olamide, is a powerhouse in Nigerian music. Olamide net worth is $55 million, he has carved a niche for himself with his Yoruba-infused hip-hop tracks.
Olamide owns an N80 million mansion in Lekki and an N50 million home in Bariga. As the founder of YBNL Nation, he’s not only creating hits but also nurturing the next generation of stars like Fireboy DML and Asake.
How did Olamide make his money?
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Album Sales:
Olamide’s albums, such as “Baddest Guy Ever Liveth” and “Eyan Mayweather,” have been commercial successes, solidifying his place as one of Nigeria’s top artists.
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Concerts and Tours:
Olamide’s energetic performances at concerts and tours across Nigeria and beyond have significantly contributed to his wealth.
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Brand Endorsements:
He has partnered with brands like Guinness and Ciroc, further boosting his income.
His wealth stems from music sales, live performances, and partnerships with brands like Guinness and Ciroc.
With two mansions in Lagos and a car collection featuring a Rolls Royce Phantom and a Land Rover Range Rover V8, Olamide is a fixture on any list of the top 10 richest musicians in Nigeria in 2025.
6. Tiwa Savage: The Queen of Afrobeats
Tiwatope Omolara Savage, born on February 5th, 1980 and known professionally as Tiwa Savage, has rightfully earned the moniker “Queen of Afrobeats” through her immense musical talents and hugely successful career. Tiwa Savage’s net worth is $43 million; she stands amongst the most financially prosperous female artists in Nigeria today.
Her powerhouse voice and arresting performances have led to chart-topping hits, including “Somebody’s Son,” and collaborations with international stars such as Beyoncé.
Outside the music space, Tiwa has also scored lucrative endorsements including with Pepsi and Pampers. She is an example of a female icon in the industry, and she is constantly one of the richest musicians in Nigeria in the 2025 list.
Her appearances at high-profile events like the coronation concert of King Charles III have also helped elevate her status in the music world
7. Phyno: The Igbo Rap Powerhouse
The musical artist Phyno became known as Chibuzo Nelson Azubuike during his birth in Enugu State, Nigeria, on October 9, 1986.
The skilled musician successfully positioned himself throughout Nigeria’s music industry, and he received tremendous financial rewards. The artist has added acting to his craft by playing in Lion Heart while establishing lucrative partnerships with Nairabet and Airtel.
The musical success and astute business deals of Phyno net worth is $34 million, which made him rich beyond imagination. Phyno extracts additional wealth from his collaborations with brands while proving his talent for financial prosperity through them.
Despite his love for wealthy lifestyles, Phyno demonstrates his status by showing off luxury vehicles, including a Bentley Continental GT, alongside his Rolls Royce Phantom in his spacious garage.
Throughout his life, Phyno demonstrates the success he promotes in his music. The combination of his strong business decisions with his entrepreneurial spirit puts money into his pockets while keeping his music loudly audible.
8. 2Face Idibia (2Baba)
2BabaSeptember 18more than lucrative financial success because he has established himself as a respected figure in the music industry.
When you read about Innocent Ujah Idibia, known as 2Baba or 2Face, born on September 18, 1975, you see why he is one of Nigeria’s richest and most celebrated musicians.
2Face net worth of $5.9 million reflects more than 20 years of a successful music career filled with hit albums and many awards.
You also learn that his wealth goes beyond music; he has valuable properties and drives impressive luxury cars. His story shows that his success is built on talent and a strong reputation in the industry.
9. Patoranking
Patrick Nnaemeka Okorie (born 27 January 1990) is a Nigerian musical artist, and Patoranking’s net worth is $27 million. From busker to looming dancehall artist — His ascent marks the kind of cash flow some have only dreamed of.
Patoranking, who is from Ebonyi State, turned street music into gold. His hit single “Girlie O” exploded him onto the national scene and led to endorsement deals coming his way. And the Adidas partnership definitely added some zeros to his bank account.
Not all of his fortunes are made behind the mic. Smart moves include strategic investments in real estate, such as his stunning Metro Garden home. Of course this is why his car collection showing no sign of slowing down—including a Porsche 911 and Mercedes G-Wagon—highlights the fruits of his labour.
Aside from music, he also has scholarship programs to prove his passion for community development. His enduring work ethic is a testament that, in Nigeria, the music industry, as competitive as it is, can garner considerable, slow and steady wealth.
Patoranking is the face of possibility when it comes to the elements that come together to perfect Nigerian musical talent from grass to grace, now a multi-million naira career. His journey inspires the younger generation of artists to follow their dreams, work hard, and play smart.
10. Mr Eazi
Mr Eazi Oluwatosin Oluwole Ajibade, (born July 19, 1991). He is now regarded as one of the most hardworking and talented pop stars in Nigeria.
Infusing Afrobeat, highlife, and hip-hop into his sound, he has consistently established himself on the world stage of music. Mr Eazi has a net worth of $19 Million as of 2025, thanks to his creativity and business acumen. That number embodies not only his music site but also his savvy biz decisions.
You can tell by Mr Eazi’s lifestyle he is rich. He, in Nigeria and beyond, has a number of luxury automobiles and real estate properties, all declared in the huge ownership of Mr Eazi.
A brief scroll through his Instagram shows an affinity for expensive clothing and difficult-to-find art, suggesting a man who enjoys the high life.
Mr Eazi will likely see his wealth expand as time goes on, with his music still going quite strong and new business strategies arising regularly. His ability to mix pop tunes with wise investments makes him a staple of entertainment around the globe.
Top 20 Richest Musicians In Nigeria
11. D’banj
D’banj Net Worth: $11 million
D’banj Born on June 9, 1980, in Zaria, Nigeria, Oladapo Daniel Oyebanjo, commonly known as D’banj, is among the richest musicians in Nigeria as of 2025 with net worth of $11 Million.
D’Banj was among the first people to take Nigerian music around the globe, and his enormous wealth of success arises from his time as a pop star worldwide with songs such as the UK hit “Oliver Twist.”
From music to packaged garri with Koko Garri, his entertainment company DB Records and talking massive brand endorsements with Bank of Industry and Sony, his business acumen goes further than music.
Maintaining himself as one of the richest musicians in Nigeria is not an easy feat, but the self-acclaimed Koko Master knows what clicked for him and continues to invest in it and perform around the world.
12. Flavor – Chinedu Okoli
Flavour Net Worth: $6 million
Flavour N’abania has a net worth of $6 million. Born on November 23, 1983, in Enugu State, he is one of the wealthiest singers in Nigeria.
The gifted highlife musician Flavour speaks numerous languages in his musical performances.
Church percussion became his first musical step before he learned multiple instruments through practice.
His first album, “Uplifted,” became available to the public in 2010 and delivered two successful songs, “Nwa Baby” and “Adamma.”
How did Flavor build his wealth?
His tours for the diaspora audience generate large sales from fans who pay for high-priced concert tickets.
He organizes investments in the Nigerian real estate market through both property purchases and maintenance to build up his home assets. He earns significant endorsement money through his existing Life Continental Beer partnership, which provides him with large pay check increases.
Music, along with real estate deals and brand partnerships, generate wealth for his pockets, while his CV demonstrates to the world his life achievements as an individual.
His musical career spread across all of Africa and worldwide after becoming one of the first performers to mix English Pidgin and Igbo languages in his shows.
13. Yemi Alade
Net Worth: $6 million
Abia State-born Yemi Eberechi Alade has a net worth of $6 million based on our 1% estimations and finds her spot among the richest female musicians in Nigeria, born on March 13, 1989.
Known as Mama Africa, she was the first female African artist to hit 100 million YouTube views with her single Johnny.
The source of her wealth is from touring the world in over 30 countries and endorsements with the likes of Luc Belaire, L’Oreal and her Effyzzie Music Group.
Yemi, a University of Lagos graduate in Geography, is now one of the Wealthiest Nigerian musicians in 2025 due to the international acclaim she wears like a badge on her shoulders.
14. Kizz Daniel
Kizz Daniel Net Worth: $7 million
Kizz Daniel: Oluwatobiloba Daniel Anidugbe, born on 1st May 1994 in Abeokuta, Ogun State, presently has a net worth of $7 million.
Kizz Daniel, a water engineering alumnus of the Federal University of Agriculture, Abeokuta, rose to wealth with his first single: “Woju,” released in 2014.
Revenue from global classics such as “Buga” and “Lie,” headlining international gigs with 7-figure dollar performance fees, and managing his record label Flyboy Inc.
Following his departure from G-Worldwide Entertainment. His strategic partnerships with brands such as Tecno and his social media intelligence have entrenched him into the list of the richest musicians in Nigeria in 2025.
15. Falz
Falz Net Worth: $6.1 million
Folarin Falana, popularly known as Falz, was born on October 27, 1990, in Lagos State and is a $6.1 million net worth is one of Nigeria’s richest kids.
Falz, whose real name is Folarin Falana and son of the famous lawyer and human rights activist Femi Falana, hashtagged “lawyer” in his 2016 debut album, has a law degree from the University of Reading, UK, just like his father.
He has a distinctive rap style and has had hits with a quirky fake accent, such as “This Is Nigeria” and “Bop Daddy.”
His record label, Bahd Guys Entertainment, Film production deals, endorsements with brands such as Pernod Ricard, and acting in popular Nollywood movies all contribute to these wealth figures.
His innate versatility as an artist, as well as a social consciousness, has cemented him among the richest Nigerian musicians.
16. Simi
Simi Net Worth: $5.8 million
Simisola Bolatito Kosoko (née Ogunleye), who was born on April 19, 1988, in Ojuelegba Lagos, is one of the richest female musicians in Nigeria with a $5.8 million net worth.
The songstress has worn many hats, starting her professional career as a choir singer and releasing her first album, Ogaju, in 2008. Simi’s earnings come from being a singer and songwriter and being a sound engineer and producer.
Since the exit from X3M Music, she has opened a new record label called Studio Brat which has provided another stream of income.
Her brand endorsements from a company such as Platoon and steady streaming numbers across all platforms, in addition to her marriage with fellow musician Adekunle Gold, also contribute to her fortune.
With her unmistakable voice and production talent, she is among the wealthiest musicians in Nigeria as of 2025.
17. Adekunle Gold
Adekunle Gold Net Worth: $5.5 million
Born on January 28, 1987, in Lagos, Adekunle Almoruf Kosoko, also known professionally as Adekunle Gold and of net Worth of $5.5 million.
He first became famous as the graphic designer behind the photoshopped image of himself with Tiwa Savage before switching over to music.
The latter took off with “Sade,” a 2015 remix of One Direction’s “Story of My Life.”
Adekunle has made money on their way of life, from carving out a nook in ‘Urban Highlife,’ the cutting-edge Afropop sound, international excursions and with his Afro Records label, to fashion offerings to the likes of Boss.
Padding his business experience and blossoming talent and class with a now-wife, fellow musician Simi, identified him as one of the richest musicians in Nigeria in 2025.
18. Tems
Tems Net Worth: $5.4 million
Tems, whose real name is Temilade Openiyi, was born in Lagos on June 11, 1995. Fast forward, and she is supposedly worth $5.4 million.
Tems has an economics degree from Monash, South Africa. Her breakout hit came through in 2019 with the viral ‘Try Me.’ Tems became the first Nigerian artist with multiple Grammy Awards.
International collaborations with the likes of Wizkid (“Essence”), Drake (“Fountains”), and Future (“Wait For U”) have accelerated her trajectory. She also co-wrote for Beyoncé’s “Renaissance” album. Such accolades have placed her amongst Nigeria’s biggest musicians to date, who once earned a Grammy nomination!
One of the leading acts to have come out of the Afrobeats genre is Nigerian songstress Tems, whose unique and soulful voice, plus CEO of Leading Vibe Limited and income streams from its worldwide tours, has made Tems a force in the space.
That is how all these factors made her one of the richest female musicians in Nigeria as of 2025.
19. Rema
Net Worth: $5.3 million
Divine Ikubor, popularly known as Rema, was born in Benin City, Edo State, on May 1, 2000, and has recently built a $5.3 million net worth.
Rema lost his father, who was a PDP politician, to cancer at the age of 11 and lost his brother to the same disease a few years later.
He was subsequently discovered by D’Prince who signed him to Jonzing World (a Mavin Records affiliate).
Rema’s unique sound, which he refers to as Afrorave, has played a major role in his success. His worldwide smash “Calm Down,” together with its remix featuring Selena Gomez, has received billions of streams worldwide.
His earnings have also benefited from endorsement deals with Pepsi and itel, alongside international shows.
Even as a teenager, Rema had risen to become one of the richest Nigerian musicians.
In 2025, ‘Heis,’ his 2024 debut LP, has never let him off the hook among the country’s elite musicians.
20. KCee
Net Worth: $5 million
Kingsley Chinweike Okonkwo, popularly known as KCee, was born on April 18, 1979 in Lagos. Fast forward, and Kcee’s net Worth of supposedly $5 million.
Having years of expertise in music under his belt, KCee first rose to fame as half of the duo KCee Presh before taking the industry by storm in his solo career. His 2013 single, Limpopo, was one of the biggest hits in Nigeria and beyond and shot him to fame.
His trajectory has been fast shaped by international collaborations (with people like Davido, Wizkid and more).
He has even established himself as a performer, touring the world and headlining shows. Those have fast-tracked him into Nigeria’s biggest musicians of all time, and he has had some accolades to do with that!
Nigerian bred-born KCee undoubtedly has one of the unique sounds and energetic images to come out of the Afrobeats genre; being an integral part of Five Star Music and influx through overseas tours, KCee is the ultimate heavy-weight punch of the Afrobeats genre.
That is how all of this led to him becoming one of the wealthiest male musicians in Nigeria in 2025.
21. Ayra Starr
Net Worth: $4.95 million
Ayra Starr, whose full name is Oyinkansola Sarah Aderibigbe (born June 14, 2002), is a Nigerian Singer and songwriter born in Cotonou, Benin Republic.
Before she started making music, Ayra Starr worked as a model in Lagos. Campaigns for Mazelle Studio, Complete Fashion Magazine and Esperanza Woman.
In 2020, she landed her big break by signing on to Mavin Records and has gone on to release huge hits, including “Rush,” “Bloody Samaritan,” and “Away.” Ayra Starr’s net Worth is now approximately $4.95 million.
22. Tekno
Tekno Net Worth: $4.4 million
Augustine Miles Kelechi, popularly known as Tekno, was born on December 17, 1992, in Bauchi State, with a net worth of $4.4 million.
Tekno rose to prominence following his 2016 hit “Pana” after having early musical training from his father.
He made money from his multi-million dollar deal with Sony Music Entertainment, production credits on global anthems such as Davido’s “If,” and ownership of his high-profile Cartel Music label.
One of the richest artists in Nigeria, The versatile producer, singer and dancer has been able to carve a niche for himself in the industry through international collaborations, and his unique style brings the combination of Afrobeats and electronic music together.
After struggling with vocal cords in 2018, Tekno today 2025 is still financially stable.
23. Runtown
Runtown Net Worth: $4.2 million
Runtown, whose full name is Douglas Jack Agu, was born on August 19, 1989, in Enugu. Runtown is reported to have a net worth worth of $4.2 million.
His 2016 single “Mad Over You” brought Runtown worldwide recognition and has been streamed millions of times around the globe.
He has made money from his music label, Soundgod Music Group, his property investments and his international concerts and gigs.
Adding successful business ventures and constant music releases to his strong musical base, Runtown has earned himself a spot on the list of wealthiest musicians in Nigeria.
He ended a long dispute in court with his old record label, which had been going on for a while, and made good use of his worldwide fame and earned a spot on the list of the richest Nigerian musicians in 2025.
24. Naira Marley
Naira Marley Net Worth: $4 million
Azeez Adeshina Fashola, who you likely know as Naira Marley, was born on May 10, 1991, in Agege, Lagos. Flash forward to 2025, and he sits on a net worth of $4 million.
After attending Peckham Academy in South London, where he received a top business grade, he returned to Nigeria, where he grew up in Peckham.
Today, he has become one of the most well-off musicians in Nigeria thanks to his die-hard “Marlian” followers.
His cash comes through an impressive roster at his label Marlian Music, from Zinoleesky to MohBad, a consistent streaming coin with little radio love, those sometimes tasteless lyrics, and now big shows he is packing them in.
Despite hiccups, such as his 2019 arrest by the Economic and Financial Crimes Commission, Naira Marley knows what he is doing and is still one of the richest musicians in Nigeria.
The death of Mohbad directly affected Naira Marley’s career in 2023.
Marlian Music Act, Mohbad, passed at age 27 on September 12, 2023. Mohbad alleged that he was treated badly and assaulted by his former Boss, Naira Marley, in a post on his Instastory before he died in 2022. Following Mohbad’s death, fans directed blame at Naira Marley and protests, as well as a social media campaign to seek justice for him spread under the hashtag of the title above.
In October 2023, the police interrogated Naira Marley, who denied any involvement. In November, he was released on bail.
Five years later, in 2025, a judge found Naira Marley not directly responsible for Mohbad’s death, instead pinning responsibility on a nurse and Mohbad’s friend.
The controversy left a stain on Naira Marley’s image regardless of the legal resolution that took place. He’s still making music, but it’s safe to say a lot of fans turned their backs on him.
25. Fireboy DML
Net Worth: $2 million
Fireboy DML’s net Worth is $2 million dollars. Adedamola Adefolahan was born on 5 February 1996, in Abeokuta, Ogun State.
Olamide signed him into YBNL Nation after discovering “Jealous,” his song post-Obafemi Awolowo University.
The voice behind huge hits like “Vibration” and “Peru” has a distinct “Afro-Life” style that meshes R&B with Afrobeats underpinnings and riddims.
His global streaming income was greatly boosted by the Ed Sheeran duet (remix) of ‘Peru,’ which gave him his international breakthrough.
Guinness and Monster Energy have been engaged in strategic endorsements, with him adding more to his wealth.
Fireboy DML’s thoughtful lyrics and melodic style have found a unique niche in Nigeria’s growing music scene, which in turn makes him one of the richest musicians in Nigeria come 2025.
26. Omah Lay
Omah Lay Net Worth: $1.5 million
Born in Port Harcourt, Rivers State, on May 19, 1997, Stanley Omah Didia, popularly called Omah Lay, is currently worth $1.5 million.
The former producer rose to fame during the pandemic with his first EP, “Get Layd,” which featured “Bad Influence.”
Aided by his KeyQaad record deal and his work with Justin Bieber on “Attention,” as well as his cool, savvy branding that fits Gen Z ears.
Omah Lay is fresh to the scene but he already features among the richest musicians in Nigeria, thanks to his unique blend of Afrobeats and emotional vulnerability.
All these things mean that he will certainly be one of the richest musicians in Nigeria in 2025.
27. Chike
Chike Net Worth: $1.3 million
Chike-Ezekpeazu Osebuka, widely known as Chike, was born in Onitsha, Anambra State, on January 28, 1993, with an estimated net worth of $1.3 million.
His most education was at Lagos before Covenant University in Ogun State to study Computer Engineering.
Chike makes music after revealing that he grew up in a musical family. When he was younger, Chike found out that he could sing.
The singer first came to public attention as a contestant on Project Fame West Africa and The Voice Nigeria before going on to have a career in music.
His wealth came from his critically acclaimed first album “Boo of the Booless,” which was R&B-meets-soul, and his second album “The Brother’s Keeper.”
Chike is in a unique position in Nigeria’s music industry; he appeals to a certain dedicated audience whose interest in emotional storytelling goes beyond, as he once said, dance moves, so they are paying peak prices and, in many cases, also pay for merchandise.
28. Zlatan Ibile
Zlatan Ibile Net Worth: $1.2 million
The Nigerian Afrobeats artist Zlatan Ibile, who performs under the stage name Zlatan Ibile, currently has a net worth of $1.2 million.
He was born on December 19, 1994, in Lagos, and he has become one of Nigeria’s richest musicians.
Zlatan rose to fame in 2014 after winning Airtel’s “One Mic Talent Show.” His creation of the “Zanku” dance made him popular in the industry and helped his music career.
He has been able to accumulate his wealth from different sources after graduating from Moshood Abiola Polytechnic. After being detained by EFCC along with Naira Marley, he started his label Zanku Records.
Profitable booking of performance in Nigeria and abroad.
His firm, Zanku Records, works through various organs like Coca-Cola endorsement.
Zlatan has multiple business ventures apart from his music career.
The way Zlatan Zanku uses dance steps and sound effects words in his music makes him one of the unique Nigerian musicians.
Zlatan business acumen and musical street appeal make him one of the top high-earning artists in the Nigerian music industry for 2025.
29. Joeboy
Joeboy Net Worth: $1.1 million
Joseph Akinwale Akinfenwa-Donus, popularly known as Joeboy, is a Nigerian singer, songwriter and musician born on May 21, 1997.
In 2025, he will be one of the richest musicians in Nigeria, with an estimated net worth of $1.1 million.
Mr Eazi found Joeboy on Instagram and invited him to the initiative Empower Africa, which later kick-started Joeboy’s career.
After the release of his hits “Baby” and “Beginning,” which were chart-toppers, things turned around for him.
These songs gave his name wide publicity and also helped him to make a lot of money.
Joeboy is one of the Nigerian music stars who has been discovered online. His journey best exemplifies the amalgamation of talent and opportunity beckoning at unconventional levels in the age of digital music.
30. Mayorkun
Mayorkun Net Worth: $1 million
Adewale Mayowa Emmanuel (born March 23, 1994), better known by his stage name Mayorkun, is a Nigerian singer, pianist and songwriter from Osun state, Nigeria. He is one of the richest musicians in Nigeria with an estimated net worth of $1 million.
Mayorkun holds a degree in accounting and was previously a banker before finding his way to music. Striking gold came when Davido discovered him through a cover of one of his songs by Omar.
After joining DMW Records, Mayorkun hit gold and platinum after gold and platinum in the financial game and continued on the same trajectory after he moved to Sony Music.
His income streams include:
- Income from song streams like “The Mayor of Lagos” and “Geng”
- Contracts with top companies such as Pepsi and Budweiser
- Regular touring schedules
- Diverse business investments
Mayorkun has made it just from his way of mixing Afrobeats with all kinds of music genres, nicknamed “The Mayor of Lagos.” This versatility and range have made him a top earner in Nigeria’s music industry for 2025.
31. Reekado Banks
Reekado Banks Net Worth: $950k
Reekado Banks full name is Ayoleyi Hanniel Solomon was born on December 6, 1993, in Lagos, and his net Worth is $950k.
He was found during a Mavin Records talent hunt in 2013 while studying history at Lagos State University history and proceeded to win the Next Rated award at The Headies in 2015.
Since 2018, when he left hitmaking Nigerian label Mavin Records to launch his imprint Banks Music, his star has soared.
The financial sources of his wealth include both international hit singles such as “Katapot” and “Ladies and Gentlemen” and strategic international collaborations with various brands that include endorsements for Star Radler, among others.
His sound bargaining skills and continuing music production placed him among the richest musicians in Nigeria as of 2025.
32. Bella Shmurda
Bella Shmurda Net Worth: $935K
Akinbiyi Abiola Ahmed, popularly known as Bella Shmurda was born on January 27, 1997, in Lagos. His net Worth is $935K.
The “Vision 2020” song caught the attention of Olamide, which made the LASU dropout popular. Bella’s unique singing style on hit songs such as Cash App and Rush has placed him on the list of rising richest musicians in Nigeria.
His money comes from streaming plus live shows as well as personal ventures after being untethered from Dangbana Republik.
He has a good domestic audience base together with relatable street-based content, which puts him in a good position to boost his financial standing despite limitations on performance due to visa issues.
Their songs, which paint precise representations of street hustle and everyday life, resonate strongly with Nigerian youth and enhance their commercial viability for 2025.
33. Shallipopi
Shallipopi Net Worth: $850K
Crown Uzama, also called Shallipopi, is a Nigerian singer birthed on January 16, 1999, in Benin City, Edo State. Though new to the game, Shallipopi is worth $850K
Shallipopi is a musician who, like many others, deserted computer science studies at the University of Benin to face the entertainment industry. He became popular in 2023 after his song “Elon Musk” went viral, and his “Plutomania” drew further popularity.
Due to the massive success of his TikTok video and signing a record deal with Dvpper Music, Shallipopi is one of Nigeria’s fastest-rising rich musicians.
His new way of streaming is super profitable. He mills online, performs (more fees keep churning), and his gen z vibe is keeping him caked up.
While Shallipopi has hot, cool slang swag and fairy dust to make him much, much more money, including the ability and juicy potential to land himself up amongst Nigeria’s richest musicians very soon, with his pop jack money bangers, that’s right, a la “Cast,” “Ex-Convict” and others.
Shallipopi departed from Dapper Music and Dvpper Digital, the label initially responsible for his rise to fame in 2023 with “Elon Musk.” Born in 1999 in Benin City, he took to social media on December 11, 2024, to announce his departure, saying the label broke his trust by mismanaging his money, as well as exploiting him with a bad contract.
The artist accused his former label of hidden records and forever taking 30% of his fees, plus taking advances in his name.
Shortly after launching his label, Plutomania Records, in October 2023, he got into trouble as Shallipopi removed Dapper from his bio on social media In November 2024. Now, on the other side of his freedom, he would like to better manage his career in any direction he likes.
34. Odumodublvck
Odumodublvck Net Worth: $745K
Nigerian musician Tochukwu Gbubemi Ojogwu, popularly called Odumodublvck, was born on the 4th of April 1993 in Abuja. Through his music career, he has generated a net worth of $745K.
After he graduated from Novena University in Delta State, he became the first producer to mainstream Northern Nigerian street rap and also share Abuja’s sound with the world.
His fortune tremendously grew after signing a global distribution deal with Def Jam Recordings, particularly after the release of “Cast Away” with Central Cee.
Odumodublvck has become one of Nigeria’s richest upcoming musicians, owing to his bold delivery and authentic street stories.
His urban slang mixed with trap music playing style is a new trend in the regional music industry that puts him to earn much more in the future.
People also ask : Richest Musicians In Nigeria 2025
- Davido – $120 million
- Wizkid – $80 million
- Don Jazzy – $78 million
- Burna Boy – $70 million
- Olamide – $55 million
- Tiwa Savage – $43 million
- Phyno – $34 million
- 2Baba (2face Idibia) – $29 million
- Patoranking – $27 million
- Mr Eazi – $19 million