Have you ever ask yourself “Who the richest musician in Nigeria is?
Music is a fast selling talent in Nigeria and the net worth of top musicians in the country is a testament to that notion.
Over the years, popular musicians like D’banj, Davido, Wizkid, 2Face etc have been known to charge millions of naira as performance fees and have earned lucrative endorsement deals from top brands both locally and internationally.
Also, many of these celebrity musicians have mansions in the high brow parts of the country as well as several exotic cars.
In this post, i will list the top three richest musicians in Nigeria.. Feel free to also leave your ANSWER and facts below.
3. Don Jazzy
Michael Ajereh Collins popularly known as Don Jazzy makes our list has one of the top 3 richest musicians in Nigeria.Over the years, the ace music producer has moved on quite seamlessly from being a beatmaker to a full-fledged businessman. Don Jazzy is the CEO of Mavin Records which houses top stars like Tiwa Savage, Reekado Banks, Korede Bello and D’ija. Don Jazzy’s net worth is valued to be around N7.5 billion. His sojourn into music can be traced to his pre teen years when he began by playing the bass guitar. He also gained knowledge of traditional and percussion instruments.
In 2000, the young Don Jazzy visited London when his uncle had invited him to play the drums for the local church. In London, Don Jazzy gained employment at McDonald’s as a security guard and continued his interest in music, associating with Solek, JJC, Kas, The 419 Squad and D’Banj.
At the same time, Don Jazzy was honing his music production skills from Emeka Infiniti at OTown record company.
In 2004, Don Jazzy and D’Banj partnered to form Mo’ Hits Records which led to the production of albums like No Long Thing, Rundown/Funk You Up, Curriculum Vitae and the Entertainer by D’Banj over the next five years.
Also, Don Jazzy contributed to the production of Wande Coal’s Mushin 2 MoHits, an album that was described as one of the best albums to ever come out of Nigeria.
The producer also performed background vocals for the likes of Sauce Kid, Dr SID, Ikechukwu, Kween, D’Prince and Jay-Z. Also, he provided vocal performance for Kanye West’s song Lift Off with Beyoncé on the Watch The Throne album.
Don Jazzy has lucrative endorsement deals with the likes of Loya Milk and Sky Vodka.
Ayodeji Ibrahim Balogun popularly called known as Wizkid is one of the biggest musicians in Africa. In fact, he is one of the biggest music exports out of Nigeria in the past 4 years.
The singer’s achievements are enormous including topping Billboard Hot 100 Music Chart, earning a Grammy Award nomination, several legit international collaborations, performing at international music events etc.
However, in all these things Wizkid has the money to show for it. The Starboy honcho charges about 12 million to as gig fees and even more when it’s outside Nigeria.
Wizkid is a luxury king from wardrobe, automobiles, gadgets etc. His net worth has jumped in the past 12 months and is pegged at about N8 billion. The musician became prominent when he released the song “Holla at Your Boy” from his debut studio album, Superstar (2011).
At that time he was sign on to Banky W.’s record label Empire Mates Entertainment (E.M.E).
He released his second studio album, Ayo, was released in September 2014 and was preceded by six singles: “Jaiye Jaiye”, “On Top Your Matter”, “One Question”, “Joy”, “Bombay” and “Show You the Money”.
In 2016, Wizkid achieved international recognition following his collaboration with Drake on the global hit, “One Dance”, which reached number one in 15 countries, including the United States, United Kingdom, Canada and Australia. In addition to his solo work, Wizkid has collaborated with several other artists and was featured on the hits “Girl” (with Bracket), “Fine Lady” (with Lynxxx), “Sexy Mama” (with Iyanya), “Slow Down” (with R2Bees), “The Matter” (with Maleek Berry), “Pull Over” (with KCee) and “Bad Girl” (with Jesse Jagz).
In 2013, Wizkid was ranked 5th on Forbes and Channel O’s list of the Top 10
Richest/Bankable African Artists.
In February 2014, he became the first ever Nigerian musician to have over 1 million followers on Twitter. Also, he was the first Afrobeats artist to appear in the 2018 Guinness World Records for his contribution to Drake’s hit song “One Dance”.
In 2012, Wizkid signed a one-year endorsement deal with Pepsi reportedly worth 350,000 U.S dollars. As a result, he travelled to Beirut, Lebanon with Tiwa Savage for a Pepsi commercial shoot.
In 2013, Wizkid signed a one-year deal with MTN Nigeria. That same year, Wizkid signed an endorsement deal with Guinness for the “Guinness World of More” concert, which was held at the Eko Convention Centre of the Eko Hotel and Suites in Victoria Island, Lagos on 3 November 2013.
In 2015, Wizkid ditched MTN and signed a ₦128 million deal with GLO.
David Adeleke popularly called Davido is the richest musician in Nigeria based on his assets and networth which is estimated at N9 billion. The self acclaimed Omo Baba Olowo (OBO) has made headlines over the last one year, signing several lucrative endorsement deals.
Also, the musician has gone on several local and international tours over the last two years and these concerts have been sold out. Some of his hit singles include the tracks like IF and Fall which have crossed over 60 million views on YouTube. In fact, the singer revealed that he has made over $1 million off ‘pon pon’ sound.
His endorsement deals include brands like AXE, a popular perfume brand, Infinix, a prominent mobile phone manufacture and many more.
Recently, there were rumours that Davido purchased a Bombardier Jet. Although, this is yet to be ascertained, however, there was another interesting story indicating the extent of money at his disposal. In April 2018, Davido was the talk of the town when he bought a brand new Porsche for his girlfriend, Chioma on her birthday.
Davido shot into the limelight in 2011 when he released the hit single, “Dami Duro” which was well-received throughout Nigeria. He released his debut album, ‘Omo Baba Olowo’ in 2012. The album featured popular hits like “Back When” featuring Naeto C, “Dami Duro”, “All of You”, “Overseas” featuring Sina Rambo, “Ekuro”, “Gbon Gbon” and “Feel Alright” featuring Ice Prince
Along with his elder brother Adewale Adeleke, Davido is the co-owner of HKN Music (a record label home to Sina Rambo, B. Red and DeeKay). He is also a record producer and has
produced songs for the likes of Naeto C, Skales, Tiwa Savage and Sauce Kid.
In April 2012, he signed an endorsement deal with MTN Nigeria. This deal was said to be worth over N30 million. This led to Davido being unveiled as the face of MTN Pulse, a marketing campaign for Nigerian youths.
In October, 2013, Davido partnered with Guinness Nigeria for the “Guinness World of More” concert. Davido performed at the Guinness World of More Concert alongside P-Square, D’banj, Wizkid, Ice Prince, Burna Boy, Olamide, Phyno, Chidinma, Waje and Tiwa Savage, among others.
Over the last five years, Davido has released smash hits like “Gobe”, “One of a Kind”, “Skelewu”, “Aye”, “Tchelete (Goodlife)” featuring Mafikizolo, “Naughty” featuring DJ Arafat, “Owo Ni Koko”, “The Sound” and “The Money” which featured Olamide.
In 2016, Davido signed a record deal with Sony Music. The musician also owns his own label, Davido Music Worldwide (DMW). Dremo and Mayorkun are currently signed to the label.