Top 10 Richest musicians in Nigeria and Net worth 2022.

See the richest musicians in Nigeria in 2022, richest artists in Nigeria in 2022 and their net worth here.

So the best way to check the financial stability of Nigerian musicians overlooking the excessive flaunting on social media is to check their net worth.
People might ask “why do you calculate the net worth of these Nigerian musicians?” but it is what it is this is show business and they are in the spotlight.

The celebrity net worth is simply a celebrity’s balance sheet. It depicts the point they are standing financially in terms of the assets and liabilities. This net worth is a summary of celebrity assets minus their liabilities that is to say that their net worth is being calculated by checking all the own and then subtracting their liabilities to get a net number.


So webbspy, checks and calculate their net worth by gathering very important financial documents which includes the recent bank and loan statement when we get all that we list all their assets with their values then remove the liabilities from them to get the net worth.
well, this should be fun because people love saying how rich the celebrities they support is and most people don’t like following broke-ass Nigerian musicians.

See the Top 10 Richest musicians in Nigeria and Net worth 2022.

Nigeria’s music and entertainment industry is now Nigeria’s fastest-growing economic industry, with a record 60% of Nigeria’s revenue from the music industry. In addition to the oil and gas sector, the entertainment industry is the most viable sector of our economy.


However, the music industry has hared a few young talents and their net worth is not something to write about at home. People like Davido, Wizkid, Yemi Alade, Don Jazzy, D’banj,  2face, Tiwa Savage, and many others have been charging millions of Naira Performance Fees and have won a lucrative approval agreement for many local and international companies.

Meanwhile, the record showed that the top 10 richest musicians in Nigeria in 2022 and their net worths really want so many ups and downs to get to where there are today. Here are some of the things that kept them going, they have a strong will, these people are very focused, they know well that it was necessary, they have a solid business plan, they strive big and must above all that they love the citizens of Nigeria and the world at large.

These are the Top 10 richest musicians in Nigeria 2022 and their net worths;

Here are the top 10 richest artists in Nigeria in 2022;


  • WizKid – Net Worth 2022 – $27 million
  • Davido – Net Worth 2022 – $26 million
  • Donjazzy – Net Worth 2022 – $20.8 million
  • Dbanj – Net Worth 2022 – $17 million
  • 2 Baba – Net Worth 2022 – $16.5 million
  • Rudeboy – Net Worth 2022 – $16.1 million
  • Mr. P – Net Worth 2022 – $15.6 million
  • Timaya – Net Worth 2022 – $13 million
  • Olamide – Net Worth 2022 – $9.5 million
  • Phyno – Net Worth 2022 – $8 million

1. WizKid – Net Worth 2022 $27 million

Top 10 richest musicians in Nigeria 2021
Wizkid net worth 2022

Top 10 Richest Musicians in Nigeria and Net worth in 2022

Ayodeji Ibrahim Balogun (born July 16, 1990) is a Nigerian hip hop singer-songwriter.

He began recording music at the age of 11 and was able to publish a shared album with Glorious Five, a band he formed with some of his church friends.


WizKid has many lucrative approval agreements with leading brands around the world, including Glo and Pepsi. Wizkid also currently holds the highest brand endorsement in Nigeria in a signing with UBA bank for N1 billion which contributes to him being the Richest musician in Nigeria 2022.

Currently owns a label called Star Boys Records, According to Forbes, Wizkid has an estimated Net worth of $27 million in 2022.



2. Davido – Net Worth (2022) – $26 millionTop 10 richest musicians in Nigeria 2021

David Adedeji Adeleke (born November 21, 1992) is a Nigerian singer and producer.

Born in Atlanta and raised in Lagos, David made his musical debut as a member of the music group KB International. By the way, Davido is also a Nigerian celebrity with the highest following on Instagram and other social platforms, and his tracks have the most views on YouTube.

In addition to being the Obo (OMO Baba olowo), he did everything to become an independent made person in his notebook without depending on his father’s wealth. He is the owner of Davido Music Worldwide (Dmw).


Davido has been doing very well in Nigerian music industry has recently some of his songs has been hitting Platinum and this depict that he is cashing out millions from these digital streaming music stores.
His videos also reach an amazing number of 100 million views.

Davido also spent millions on buying iced diamond chains from American jewelry dealer -Icebox. He is definitely one of the Richest musicians in Nigeria 2022.

Davido also has several endorsements with International and large Nigerian companies and this amounts to his having an estimated net worth of $26 million in 2022.

3. Don Jazzy – Net worth 2022 – $20.8millionTop 10 richest musicians in Nigeria 2021

Top 10 Richest Musicians in Nigeria and Net worth in 2022


Michael Collins Ajereh, well known as Don Jazzy or Don Baba J, is a big Nigerian producer, singer, songwriter, record label owner and entrepreneur.

He worked with D’banj to create one of the largest record companies in early 2000 and became an important figure in the Nigerian music industry.

Don jazzy is not to be belittled in the Nigerian music industry.
Recently he finished the Mavins mansion an official office worth millions in Lagos, Nigeria.


Don Jazzy and MAVIN Records have several sponsorship agreements with brands , international and local companies around the world. Tiwa Savage got signed to Roc nation from his record label.

If you are a woman it might interest you to know that he is not yet married and is not known to have a relationship, so he is one of the most suitable singles around.

Don Jazzy has an estimated Net worth of $20.8million in 2022.


4. D’Banj- Net Worth 2022 – $17million Richest musicians in Nigeria 2021

Top 10 Richest Musicians in Nigeria and Net worth in 2022

Oladapo Daniel Oyebanjo (born June 9, 1980) is a Nigerian musician, singer, songwriter, tv presenter, entrepreneur, and rapper.

He has won numerous music awards, including the 2007 MTV European Music Award for Best African Act and the 2009 MTV African Music Award for Best Artist. Best International ACT: Bet Awards 2011 In Africa, best-selling African artist at the 2014 World Music Awards, MTV Africa Music Awards 2015 Evolution Awards.


D’banj’s net worth in 2022 is now estimated by Forbes to be around $17million dollars.


5. 2 Baba – Net Worth 2022 – $16.5million Richest musicians in Nigeria 2021

Top 10 Richest Musicians in Nigeria and Net worth in 2022


Innocent Ujah Idibia (born in Plateau, Jose, Nigeria, known for his stage name 2Baba) is a Nigerian singer, songwriter, producer and entrepreneur. Until July 2014, he was called 2 Face Idibia.

He is one of the most decorated and successful Afro-pop artists in Africa and one of the most decorated artists in Africa.

His years in the industry have also won him some endorsement gigs with Campari, Glo, Guinness and many other major brands.


He has won several awards and owns several properties and is now the CEO and owner of Hypertext Discs. 2Baba has an estimated net worth of $16.5million in 2022.


6. Rudeboy – Net worth 2022 – $16.1million

 Richest artists in Nigeria 2021
Rudeboy Net Worth 2022

In addition, our list of Top 10 richest musicians in Nigeria 2022 has nothing but the other half of P Square duo Paul Okoye by name.


According to Forbes, his fortune is worth $16.1 million dollars (6.3 billion euros), only a fraction of his twin brother’s net worth. In any case, he did very well on his own and was with his brother Jude Okoye, who was a producer in the P-Square era.

Paul Okoye prefers to call himself rude boy.



7. Mr. P – Net worth 2022 – $15.6million

 Richest musicians in Nigeria 2021
Mr. P Net Worth 2022

Top 10 Richest Musicians in Nigeria and Net worth 2022

Peter Okoye, one of the previous P-Square Duo, has made a list of 10 of Nigeria’s richest musicians with an estimated net worth of $15.2 million dollars (5.8 billion euros) in 2022, according to Forbes estimates.

Peter Okoye is under contract with Olympic Milk, Kia Motors and several other large companies and has lucrative sponsorship contracts.


Everyone’s favorite twins and musical duo, P Square, is no longer together, but they are doing very well on their own.

8. Timaya – Net worth 2022 $13 million

 Richest musicians in Nigeria 2021
Timaya Net Worth 2022

Enitimi Alfred Odom (born August 15, 1980), better known by his stage name Timaya, is an American singer-songwriter. He is the founder of the hip hop group from South-South called Dem Mama Soldiers.

Timaya’s musical career is more than ten years old, and her had one of the most active voices in the music industry. Timaya is one of the Richest musicians in Nigeria 2022.


Put Timaya in rhythm and he would kill it; It was once the joke that paraded the music industry. Timaya has an estimated net worth in 2022 of $13 million.


9. Olamide – Net worth 2022 – $9.5 millionRichest musicians in Nigeria 2021

Top 10 richest musicians in Nigeria and Net worths 2022


Olamide Adedeji (born March 15, 1989 in Olamide, But popularly known as Olamide Baddo or BaddoSneh) is a Nigerian hip hop rap artist.

He is CEO of the YBNL label, which is one of the best labels in Nigeria and Africa in general.

He is consistently killing his shows and earned lucrative licensing deals with the big brands have done enough to earn him a well-deserved ninth richest musician in Nigeria.


However expect his net worth to skyrocket in few months as he has been signed by Sony music early this year.

In the meantime, Olamide net worth in 2022 is $9.5 million.

10. Phyno – net worth 2022 – $8 million Richest musicians in Nigeria 2021

Chibuzor Nelson Azubuike popularly known by his stage name Phyno is widely identified as the best Igbo rapper and one could hardly find any igbo rap artiste as successful as he is.

Phyno is considered remarkable for the lush flow of his Igbo dialect, which makes him a well-known rapper throughout Nigeria. It’s not surprising he made it to the Top 10 Richest musicians in Nigeria and Net worth 2022.


Meanwhile, the talented rapper is greatly admired by the just Igbo, in the same way, a variety of Yoruba enjoy the charisma of Olamide.

Currently, Phyno have been booked for excellent shows, commercials and endorsements for brands like Tom tom, Guiness and others. He does his annual show called Phynofest in the south Eastern part of Nigeria. Phyno has an estimated net worth of $8million US dollars in 2022.



Not to forget, there are new set of musicians that are making waves in the industry that will soon start earning incredible sums of money from their performances and endorsements. Artists like Joeboy, Fireboy, Rema and co.


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