Let’s be reminded that Nigeria is blessed with great musicians to the
extent that they are currently competing with top foreign musicians, is it to talk of their mind-blowing vibes, wealth and a lot more.

In fact, Legendary American musician Akon sometimes prior confirmed that some Nigerian singers are far richer than American musicians most are overhyping due to their  flamboyant lifestyles.
Lets get started!
2020 Top 10 RICHEST Nigeria Musicians And Their Net Worth
1. Wizkid– Net Worth $27.5M (10 billion)

Ayodeji Ibrahim Balogun who is popularly addressed by his stage name Wizkid is our number 1 richest musician in Nigeria. The ‘Soco‘ crooner has made millions of Naira and a couple more millions of dollars too. Wizkid charges the highest known gig fee which goes as high as 50 million for shows within Nigeria, the rates outside are even bigger. In 2019 he sold out the O2 Arena, London for his Starboy Fest for the second consecutive year. During the past year, Wizkid signed partnership deals with Amsterdam based menswear and womenswear fashion brand Daily paper and he is also an ambassador for Pepsi Nigeria. The Nigerian musician closed about the biggest endorsement deal by an Aartistartiste with a Nigerian commercial bank. His deathe l with United Bank Of Africa(UBA) is about $3 million which is equivalent to N1 billion. Wizkid’s estimated net worth is valued at about $27.5 million (N10 billion).2. Don Jazzy – Net Worth $27M (N9.8 billion)

On number 2 spot is Michael Collins Ajereh aka Don Jazzy who is the CEO Mavin Records. Don Jazzy a veteran music producer is quite the humble and reserved person when it comes to showing off his affluence, but notwithstanding he is one of the richest in the Nigerian music industry. His record label houses artistes like Korede Bello, Rema, Crayon, Johnny Drille, Ladipoe, etc. Early in 2019, Mavin Records received multimillion-dollar investments from Kupanda Holdings to expand to Mavin Global. The music don revealed the new Mavin Records Headquarters in Victoria Island and Creative Studios in Lekki, Lagos State. Besides music Don Jazzy has investments in tech, partnership with whiskey whisky Johnnie Walker. Don Jazzy’s estimated net worth is valued at about $27 million (N9 billion).3. Davido – Net Worth $26 (N9.5 billion)

Besides being a son to Nigerian billionaire businessman Dr. Adeleke, Davido has earned his own money on the dint of hard work. The DMW founder is easily one of the richest musicians in Africa. He has a string of endorsement deals with Pepsi, Infinix Mobility, Travelbeta which run into millions of naira. He also has a hobby of collecting the best pieces of jewelry, his watch collection is world-class and growing fleet of cars. Davido in January of 2019 sold out arenas2 arena, London, he also dropped his sophomore album which has so far over 100 million streams on Spotify alone. Davido’s estimated net worth is valued at about $26 million (N9.5 billion).

4. Rudeboy (Paul Okoye) – Net Worth $21M (N7.7 billion)

Paul Okoye aka Rudeboy is a former member of the music duo PSquare and one of Nigeria’s most partistsrtistes. 2019 was a great year for the singer as he found his way back to the top of things again as related to music. He made a smash hit Reason with me which was declared the most viewed music video on YouTube last year with over 40 million views. Rudeboy is partners with sportswear makers Afa Sports. Last year the Nigerian musician had a tour of Europe and performed on some of the biggest stages in Africa. Rudeboy (Paul Okoye) estimated net worth is valued at about $21 million (N7.7 billion).5. D’banj – Net Worth $20M (N7.3 billion)

The ever-energetic performer and entertainer D’banj born Dapo Daniel Oyebanjo is the founder of DB Records. The ‘Oliver Twist’ crooner is a brand ambassador to some of the finest multinational companies resident within and outside Nigeria. You will have to cut a huge cheque to have D’banj perform for any event. He owns several businesses outside of music. D’banj’s estimated net worth is valued at about $21 million (N7.7 billion).6. Peter Okoye – Net Worth $19.5M (N7.1 billion)

Mr.P also known as Peter Okoye takes position number 6 on our list of richest musicians in Nigeria. He is a former member of PSquare until the group split. Going solo has been quite good with Mr. P as he continued to tour Europe and America in the last year. He owns a clothing line called ZIP, he also holds endorsement and partnership deal with Olympic Milk, Kia Motors, Tecno, etc. He also has growing real estate concerns. Mr. P’s estimated net worth is valued at about $29 million (N7.1 billion)7. 2Baba – Net Worth $19M (N6.9 billion)

In 2019 2Baba (2Face) celebrated two decades of being on stage as a Nigerian musician. Over the past 20 years, 2Baba has not only been churning hit songs but he is one of the biggest earners in the Nigerian music industry. The ‘African Queen’ crooner is one of the most endorsed Nigerian musicians form the Nigerian Stock Exchange (NSE) to mobile phone accessory maker Oraimo and other brands in between. He is also a serial investor in real estate and co-owner of Rumours Club in Lagos. 2Baba’s (2Face) estimated net worth is valued at about $19 million (N6.9 billion).8. Burna Boy – Net Worth $13.7M (N5 billion)

The past two years have been extraordinary for Nigerian Afrofusion singer Burnaboy. He did not only get a Grammy Award nomination for his album the African Giant he also became one of the biggest earners in the music industry. He performed at cochella and also on some of America’s top TV shows. Burna Boy made over 200 performances across the world in 2019, his African Giant album made over 600 million streams across all digital platforms. He was unveiled as a brand new ambassador for Pepsi Nigeria. Burna Boy’s estimated net worth is valued at about $13.7 million (N5 billion)9. Timaya – Net Worth $13M (N4.8 billion)

Port Harcourt raised Nigerian dancehall singer Timaya is an A-List music star with millions of fans across the globe. He charges a huge fee to perform at different events where he is booked. Although he doesn’t flaunt his rich lifestyle Timaya has some beautiful real estate properties across the country. At the moment Timaya has ongoing endorsement deals with Hennessy Cognac and Nigerian TeleCo Glo. Burna Boy’s estimated net worth is valued at about $13 million (N4.8 billion).10. Mr Eazi – Net Worth $11.8M (N4.3 billion)

Oluwatosin Ajibade better known as Mr Eazi is one of the biggest names in Afrobeats music in Africa. The Nigerian Ghanaian singer is one of the most-streamed African act on Spotify. About a year ago he launched his record label Banku Musempower emPawa Africa to promote young African talents. Mr Eazi is one of the most-paid music stars with high fees for gigs and features. He performed at Coachella in 2019 and successfully organized Detty Rave concert for the second year in Gh.ana. Mr Eazi’s estimated net worth is valued at about $11.8 million (N4.3 billion).