Top 10 Richest Musicians in Nigeria 2025 and Their Net Worth

Nigeria’s music industry in 2025 continues to be a global powerhouse, with Afrobeats dominating charts worldwide and producing some of Africa’s wealthiest artists. Fueled by streaming platforms, international tours, and lucrative endorsements, Nigerian musicians have transformed their talent into multi-million-dollar empires. Here are the Top 10 Richest Musicians in Nigeria 2025 and Their Net Worth

The wealth of these artists comes not only from music but also from smart investments in real estate, tech, and fashion. This article ranks the top 10 richest musicians in Nigeria in 2025, based on estimated net worths from credible sources like Forbes and industry reports, detailing their income sources, achievements, and assets. Tailored for Nigerian fans and aspiring artists, this guide highlights how these stars have leveraged their creativity and business acumen to amass fortunes in a competitive industry.

1. Wizkid

Ayodeji Ibrahim Balogun, known as Wizkid, tops the list as Nigeria’s richest musician in 2025, with an estimated net worth of $132 million. The Grammy-winning “Starboy” has elevated Afrobeats globally with hits like Essence and collaborations with Drake, Beyoncé, and Chris Brown. His wealth stems from sold-out international tours, streaming royalties from platforms like Spotify, and endorsements with Pepsi, MTN, and UBA. Wizkid’s Starboy Entertainment nurtures talents like Terri, and his investments include a ₦1.4 billion Ferrari and properties in Surulere and Los Angeles. His O2 Arena sell-outs in 2025 and the African Heritage tour solidify his financial dominance.

2. Davido

David Adedeji Adeleke, or Davido, ranks second with a net worth of $108 million. Leading DMW (Davido Music Worldwide), Davido’s 2024 album Timeless and global hits like Fall drive his earnings. Endorsements with Puma, Martell Cognac, and Access Bank, alongside real estate in Lagos and Georgia, USA, boost his wealth. His car collection includes a Rolls-Royce Cullinan and a Lamborghini Aventador. Davido’s philanthropy via the Davido Foundation and awards like the 2025 MTV Europe Music Award for Best African Act enhance his influence. Despite fan debates over his ranking below Wizkid, his business savvy keeps him a close contender.

3. Burna Boy

Damini Ebunoluwa Ogulu, aka Burna Boy, holds third place with a $95 million net worth. The Grammy-winning “African Giant” blends Afrobeats, reggae, and dancehall, with albums like Twice as Tall and Love, Damini setting streaming records. His 2025 global tours, including six shows earning $5.7 million, and deals with Martell, Pepsi, and Chipper Cash fuel his fortune. Burna owns a Lekki mansion and luxury cars, including two Rolls-Royces and a Maybach. His 2025 Grammy for Best Global Music Performance underscores his global appeal, making him a cultural ambassador for Nigeria.

4. Don Jazzy

Michael Collins Ajereh, known as Don Jazzy, is Nigeria’s richest music producer, with a $90 million net worth. As the founder of Mavin Records, he has shaped careers for artists like Tiwa Savage, Rema, and Ayra Starr. His production fees (₦500,000+ per song), endorsements with Betway and Johnnie Walker, and investments in tech (Flobyt) and real estate drive his wealth. Don Jazzy’s influence extends beyond music, with Mavin’s venture-backed global expansion in 2025. His modest lifestyle contrasts with his financial success, earning him respect as a music mogul.

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5. Tiwa Savage

Tiwa Savage, the “Queen of Afrobeats,” boasts an $86 million net worth, making her Nigeria’s richest female musician. Her hits like Somebody’s Son and deals with Universal Music Group, Pepsi, and L’Oréal (2025 ambassador) fuel her earnings. Tiwa’s investments include a Lekki mansion worth ₦75 million and a car collection featuring a Rolls-Royce Phantom and Bentley Bentayga. Her 2025 African Music Awards win for Best Female Artist and performances at global events like King Charles III’s coronation concert cement her status. Tiwa’s business ventures, like her MAC Cosmetics lipstick line, highlight her entrepreneurial flair.

6. Olamide

Olamide Adedeji, aka Baddo, ranks sixth with a $70 million net worth. As the founder of YBNL Nation, he has nurtured stars like Fireboy DML and Asake. His 2024 album Ikigai broke Spotify Nigeria’s opening-day streaming record, and his endorsement deals with Ciroc and Nigerian brands generate ₦2–4 million per show. Olamide owns two filling stations, a ₦70 million Lekki mansion, and cars like a Mercedes-Benz G-Class. His focus on Yoruba-infused rap and regional streaming success keeps him among Nigeria’s elite.

7. Rema

Divine Ikubor, known as Rema, is the youngest on the list at 25, with a $55 million net worth. His global hit Calm Down dominates charts, driving streaming revenue and concert earnings. Signed to Mavin Records, Rema’s endorsements with brands like Pepsi and his international appeal boost his wealth. His 2025 tours across Europe and the US, alongside investments in tech startups, position him as a rising star. Rema’s minimalist lifestyle contrasts with his growing fortune, making him a role model for young Nigerians.

8. P-Square

Twin brothers Paul and Peter Okoye, known as P-Square, hold a combined net worth of $37 million. Their Afro-pop and R&B hits, like Senorita, defined Nigeria’s 2000s music scene. Their record label, Square Records, and endorsements with Glo contribute significantly. Despite past splits, their 2025 reunion tour across Africa and Europe has revived their financial success. P-Square’s real estate investments in Lagos and awards like the 2010 Glo endorsement deal highlight their enduring influence.

9. Timaya

Inetimi Alfred Odon, or Timaya, has a $35 million net worth, earned through his dancehall and Afrobeats hits since 2005. As the founder of DM Records, he has mentored artists like Patoranking. Endorsements with Glo, Hennessy, and Moniepoint, plus real estate in Lekki and Port Harcourt, drive his wealth. Timaya’s car collection includes a Porsche 911 Carrera and a Bentley Continental GT. His 2025 performances and consistent fanbase in Nigeria’s South-South region keep his earnings strong.

10. Phyno

Chibuzor Nelson Azubuike, known as Phyno, rounds out the list with a $20 million net worth. His Igbo rap and Phynofest, one of Nigeria’s largest music festivals, draw massive crowds. Endorsements with Nairabet and Airtel, plus investments in clubs and hotels, bolster his finances. Phyno’s Lekki properties and cars like a Rolls-Royce Phantom reflect his success. His loyalty to Eastern Nigeria’s fanbase and consistent releases ensure his spot among the elite.

Challenges and Considerations

Estimating net worths is complex, as figures vary across sources due to unreported income or assets. For example, Forbes lists Wizkid at $50 million and Davido at $15 million, sparking fan debates, while other reports estimate higher figures. Nigeria’s economic challenges, like naira depreciation, push artists to earn in dollars via international deals, but inflation (32% in 2024) impacts local investments. Piracy and streaming revenue splits also challenge earnings, making endorsements and tours critical.

Conclusion

In 2025, Nigeria’s richest musicians—Wizkid, Davido, Burna Boy, Don Jazzy, Tiwa Savage, Olamide, Rema, P-Square, Timaya, and Phyno—have redefined wealth creation through Afrobeats and strategic ventures. Their net worths, ranging from $20 million to $132 million, reflect not just musical talent but also endorsements, real estate, and tech investments. These artists inspire millions in Nigeria’s vibrant music scene, showing that creativity and business acumen can yield global success.

Aspiring musicians can learn from their hustle, leveraging platforms like Spotify and social media to build brands. Fans can stay updated via sources like Punch Newspapers or BellaNaija, while Nigeria’s economic realities remind us to view net worth estimates critically. As Afrobeats continues to dominate, these stars pave the way for future talents, cementing Nigeria’s place in global music.