Top 10 richest musicians in nigeria 2022 by forbes

1. Davido – ₦28 billion ($70 million)

David Adeleke, popularly known as Davido is currently the richest musician in Nigeria.

On account of top-charting smash hits in his super-promising music career, Davido has become one of the greatest music artists in Nigeria, Africa, and the world at large.

The self-pronounced O.B.O (Omo Baba Olowo) and the 30 Billion crooner have got his song titled “Assurance” topping countless music charts worldwide.

He sure wouldn’t mind being added to Forbes list of top 20 richest people in the world, though, he’d have to do more than music, isn’t it?

David has 4 albums with over 32 songs to his name, picking up a plethora of awards both on the domestic and international levels. He is one of the best-selling music artists in Nigeria, Africa, and worldwide.

With his record label, he has signed a couple of successful artists like Mayorkun, Dremo, Peruzzi, and others. He’s definitely not at the peak of his career yet.

And just this week the news came in that his song ‘Fall’ has been certified gold already after receiving 40,000 plus and 80,0000 plus copies in Canada and the USA respectively.

This makes the song. The first solo afrobeat song to be certified in Africa. In one of the powerful Davido quotes, he said; “If you can’t be a king, build a king”.

On Thursday, May 6, 2021, Davido got his 5-year-old daughter a Range Rover SUV The music star took to his Instagram page where he shared a video of the visibly excited Imade and her new car.

Today, Davido has racked up a mammoth net worth of $70 million dollars (N28 billion Naira), making him the richest musician in Nigeria.

Davido Car Collection:

Rolls Royce Cullinan 2019 (₦350 Million)

Bentley Bentayga (₦108 Million)

Bentley Continental GT (₦95 Million)

Porsche Panamera Turbo S (₦23 Million)

Range Rover Sports (₦87 Million)

Range Rover SV Autobiography (₦98 Million)

Chevrolet Camaro GS (₦9.4 Million)

Audi R8 (₦24 Million)

Audi Q7 (₦12 Million)

Mercedes-AMG GLS63 (₦45 Million)

Mercedes G-Wagon (₦21 Million)

Land Cruiser Toyota (₦30 Million)

2. Wizkid – ₦25 Billion ($66.6 Million)

Wizkid is the first Nigerian to have a sellout at the prestigious O2 Arena in the UK, thereby setting the pace for other Nigerian artists.

He has broken so many records since he started out at a very young age with his debut single, Holla at your boy, and is one of the first artists to feature star American musicians in his songs including Chris Brown, Beyonce, and Drake.

This is one international superstar musician that we cannot but mention on this list of richest Nigerian musicians.

Today, Wizkid’s net worth is estimated to be $66.6 Million dollars (N26.6 Billion Naira), a value that justifies his output to the music world, and makes him one of the richest musicians in Nigeria.

Isn’t it amazing, that Wizkid, the Nigerian Afrobeats star won awards at the 2021 Grammys alongside Burna Boy? Wizkid won the Best Music Video for his song with American music star, Beyoncé, ‘Brown Skin Girl, from Lion King: The Gift album’.

More achievement to the Baba Nla, as he is currently a hot cake with class in the music industry worldwide.

In one of the inspirational quotes from Wizkid, he said: “Most of the problems in life are because we misunderstand people’s intentions, we don’t listen and jump to conclusions, and then we are too proud to apologize and too stubborn to forgive” – Wizkid

Wizkid Cars:

Lamborghini Urus (₦80 Million)

Porshce Panamera (₦60 Million)

Mercedes Benz G63 AMG (₦58 Million)

BMW X6 Crossover (₦9 Million)

3. Don Jazzy – ₦26.4 Billion ($66.1 Million)


Don Jazzy is a well-known Nigerian music producer who co-founded MO Hits Records and now controls Mavins Records, one of the country’s top ten major record labels.

Don Jazzy is a well-known businessman who is well-versed in the Nigerian music industry.

Wande Coal, Dbanj, Tiwa Savage, Johnny Drille, Korede Bello, Ricardo Banks, and more successful artists have come from his record label, and he has the guts to run multiple other enterprises.

Don Jazzy’s ability as a world-class producer led to him being asked to compose beats for Kanye West’s album, which featured both Jay Z and his wife Beyoncé.

As of today, Don Jazzy’s net worth is estimated to be $66.1 million dollars (N26.4 billion Naira), as of 2022, making him the 3rd richest musician on this list.

Don Jazzy Car Collection:

Bentley Continental (₦25 Million)

Used Mercedes Benz E350 (₦20 Million)

Cadillac Escalade (₦27.5 Million)

Porsche 911 Carrera (₦42 Million)

4. Burna Boy – ₦26.1 Billion ($65.3 Million)


Burna Boy is one of the highest-paid musicians in Nigeria.

His official music career started when he signed a record deal at Aristokart Records.

Burna Boy has won four awards at the Soundcity MVP Awards Festival, including African Artiste of the Year, Listener’s Choice, and Best Male MVP.

In fact, he was nominated at the Grammy Awards at the 62nd Annual Grammy and this doesn’t come by chance but by hard work.

Finally, Burna Boy won Best Global Music Album at the Grammy Awards. His album Twice as Tall won the award over records by Antibalas (FU Chronicles), Bebel Gilberto (Agora), Anoushka Shankar (Love Letters), and Tinariwen (Amadjar). The win marks Burna Boy’s first Grammy Award after being nominated last year.

As of today, Burna Boy is worth approximately $65.3 million dollars (N26.1 billion Naira), making him the 4th richest musician on this list.

Burna Boy Car Collection:



Mercedes-Benz G Wagon

2013 Ferrari 458 Italia

Rolls Royce Down Convertible

5. Mr P – ₦25 billion ($63.3 million)


Not just one of the most popular Nigerian musicians, Peter, with his twin Paul, Okoye, has taken his music global and has worked with Rick Ross, Dave Scott, Akon, etc.

No doubt, he’s a dance lover and he’s super good at rhythmic dancing just like his role model back then – Michael Jackson.

Since the release of “Get Squared”, a hit project which he featured performed in. Mr. P has gathered an impressive net worth of $63.3 million dollars (N25 Billion Naira), making him one of the richest musicians in Nigeria.

In one of Mr. P’s quotes, he said, “There are pains and gains to stardom, but for now, the gains are greater than the pains.”

Mr. P Car Collection:

Jeep Wrangler (₦13 Million)

Bentley Mulsanne (₦125 Million)

2 Range Rovers (₦ 50 Million – ₦82 Million)

Dodge Challenger (₦11 Million – ₦22 Million)

BMW X6 (₦25 Million)

Porsche 718 Cayman (₦22 Million)

Mercedes AMG GL63 (₦45 Million)

6. 2Face Idibia – ₦24.5 Billion ($60.7 Million)


This is yet another musical legend in the Nigerian music business with a lengthy and illustrious career.

2face began his career as a member of the Plantashun Boiz before departing from the group to pursue a solo career. His smash tune “African Queen” catapulted him into the international spotlight.

2face has a slew of awards to his name, including one for Best International Collaboration – Rainbow ft. T-pain.

He is now worth 60.7 million dollars (N24.5 billion naira), making him one of the richest musicians in the country.

2Face Car collection:

Toyota Land Cruiser Prado (₦38 Million)

Chevrolet Corvette Coupe (₦45 Million)

Ferrari Coupe (N60 Million)

7. Rude Boy – ₦24 billion ($60.2 million)


Paul Okoye, together with his twin brother, is popularly known as P-Square. He has his stage name as Rudeboy or Kingrudy.

He is the talented twin of Peter Okoye, and they both took the world by storm. But unfortunately, they split up due to various disagreements between the two.

Paul, just like peter started music together and has won several awards. His music lyrics are always on point and his voice is just unique.

Paul’s net worth is estimated to be $60.2 million dollars (N24 billion Naira), as of 2022.

Rude Boy Car Collection:

Lamborghini Gallardo (₦75 – ₦118 Million)

Land Rover Range Rover (₦50 Million – ₦82 Million)

Rolls Royce Ghost (₦191 Million – ₦247 Million)

8. D’banj – ₦12 billion ($30.1 million)


Dbanj is no doubt one of the richest musicians nationwide. Most of his hit songs came when he was part of the record label which was a household name in the late 2000s, MO hits record.

So far, he has won The MTV Europe Music Award for Best African Act, MTV Africa Music Sward for Artist of the Year, and more.

Dbanj is known by many names, “Bangalee”, “The Kokomaster”, “Eja Nla”, “Mr Endowed” and many more, and is considered one of the most influential and popular recording artists of all time.

As of 2022, Dbanj’s net worth is estimated to be roughly $30.1 Million Dollars (N12 Billion Naira), making him the 8th richest musician in Nigeria.

Dbanj Car Collection:

Ferrari F430 (₦68 Million)

Two Aston Martin Vantage (₦50 Million each)

Bentley (₦108 Million)

Rolls-Royce Phantom (₦164 Million)

Range Rover SUV

Mercedes Benz AMG GT (₦53 Million)

Harley Davidson Bike (₦2.3 Million)

9. Asa – ₦11.52 billion ($28.8 million)


Bukola Elemide, better known by her stage name Asa, is a Nigerian/French musician who rose to success with her debut single, “Eye Adaba.”

She quickly released her amazing album “Asa,” which led to her being named the winner of the French Constantin Award in 2008, where she was chosen as the finest new talent among ten singers or groups by a jury of 19 music industry experts in Paris.

She is such a calm and reserved person that she once mentioned that when she is on stage, she assumes a whole different persona.

Asa has received numerous awards, including a nomination for “Best R&B/Pop Album,” “Best Alternative Song,” “Best Vocal Performance (Female),” and “Best Recording of the Year” at the 2015 Headies.

As of 2022, Asa’s net worth is estimated to be roughly $28.8 million dollars (N11.52 billion Naira), making her one of the top ten richest musicians in Nigeria.

10. Flavor – ₦10 billion ($25 million)

Chinedu Okoli is a songwriter and multi-instrumentalist who can play the drums, guitar, and piano in addition to being a musician.


Flavor specializes in the genres of Igbo highlife, Igbo gospel, and hip hop music. With his second album, ‘Uplifted,’ he established himself as a major performer in Nigeria.

He’s published four albums ever since: Blessed, Thankful, Ijele-The Traveler, and Awele.

He has released a total of 34 singles in his career and is likely to continue to do so, demonstrating his undeniable brilliance.

In one of the 10 inspiring quotes by Flavour, he said: “It is all on you; nobody will do anything for you. It’s tough but you have to accept it.“

As of today, Flavor Nnabani’s net worth is estimated to be roughly $25 Million dollars (N10 Billion Naira), making him the 9th richest musician in Nigeria.

Flavour Car Collection:

Lexus LX 570

BMW X6 (₦18 Million)

Land Rover (₦25 Million)

Black Mercedes Benz G-Wagon (₦40 Million)


Regardless of how wealthy each artist on this list is, it is clear that success comes at a cost.

Above are the 10 richest Nigerian musicians currently. We’ve used figures from Forbes, their endorsements, and charges per show to compile this list.



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