Nigerian music has generated enough world-class artists that dominate the global music industry through their own genres.
Their noteworthy talent has also gained them a place in the hierarchy that everyone aspires to be in since their net worth has risen to a satisfactory level because of their efforts.
They have reached a point where they can never be discovered in poverty again, thanks to the live events, sponsorship agreements, and record signings they have portrayed thus far.
If you want to discover who is the wealthiest among these famous musicians right now, remain with this post and enjoy the information.
Some of the newer stages of the Nigerian music industry have surpassed, and maybe even beyond, the glory of your favorite singers in terms of net worth. Check out the list below to see whether your favorite artist made the cut.
In 2022, the wealthiest artists in Nigeria will be (Forbes)
Don Jazzy is worth $30 million.
Don Jazzy, or Michael Collins Ajereh, has undoubtedly worked hard and earned his spot at the top.
The Nigerian musician, songwriter, entrepreneur, and philanthropist began his career as co-owner of the now-defunct Mo’ Hits Records record company alongside Dbanj.
Despite the heinous nature of the Nigerian music industry in the past, Don Jazzy held firm and worked as a security guard at McDonald’s before quitting and returning to Nigeria to pursue his musical career.
He teamed up with Dbanj to start Mo’ Hits Records, which was the first company where he showcased his musical abilities. After his first success, he went on to create his own record company (Mavin Records) and develop additional musicians.
Don Jazzy is the richest music artist in Nigeria, with a net worth of $30 million, thanks to record signing deals, sponsorship deals, and performances.
Davido is worth $25 million
Despite his wealth, the multi-billionaire son, popularly known as Davido, has established his peak via his hustle and talent.
David Adeleke, better known by his stage name Davido, was born on November 21, 1992, in Atlanta, Georgia, United States, where he resided briefly before returning to Nigeria to pursue his musical ambitions, which did not pan out as he had hoped.
However, his father struggled to maintain his son when he dropped out of school to pursue music in Nigeria, which was likely not as rigorous at the time. Davido was keen to distinguish himself as a musician and wanted the finest.
Davido funded his musical career months after persuading his father by releasing his debut track ‘Dami Duro,’ which had everyone in Nigeria dancing at the time. Davido’s father allegedly paid the university to privately educate Davido on the fundamentals of music.
In addition, the singer and songwriter continuously delivered hit songs, establishing himself as the finest in Afrobeat.
His net worth is reported to be $25 million, which he has spent on lavish lifestyles and automobiles.
Wizkid is worth $21 million
Wizkid, a Grammy Award-winning composer and performer from Lagos, has dominated the new phase of the Nigerian music industry and has risen to the top.
Wizkid, whose stage name is Ayodeji Ibrahim Balogun, was born on July 16, 1990, to a big family in Ojuwelegba, where he grew up and had his elementary and secondary school education.
His sincere musical ambitions were most likely real, as he began his musical taste and pursuit at a young age. When Wizkid was 11 years old, he launched his first commercial music attempt with his church pals under the moniker “Glorious Five.”
After signing his first record label contract with EME in 2009, he established himself as one of the best current African Afrobeat singers and songwriters.
Wizkid became Nigeria’s most influential musician, dishing out hit songs alongside Drake, Beyonce, and Skepta.
His regular live performances and ambassadorial arrangements have boosted his net worth to almost $21 million.
Burna Boy is worth $20 million.
Burna Boy, whose stage name is Damini Ebunoluwa Ogulu, has demonstrated to the world that he is actually deserving of his self-proclamation as “The African Gaint.” Based on his statistics thus far, he is Africa’s giant.
The Grammy Award-winning composer and performer was born in Port Harcourt on July 2, 1991, where he grew up and tasted life.
His musical ability was real, as he began to aspire to the beauty of music at a young age, straining and searching to find his ideal location. This led to massive record deals, where he showed himself by giving it his all.
Burna Boy went on to win a Grammy, making him the first Nigerian Afrobeat maestro to do so, with Wizkid coming in second.
He also won a number of music prizes, spanning from major to minor categories.
His net worth has risen to a whopping $20 million, endowing him with regal attributes.
2Baba is worth $16 million.
Following how they pushed gradually for its current gorgeous image and reputation, he is considered one of the living giants of Afrobeat.
2face or 2baba is a Nigerian singer, musician, songwriter, record producer, entrepreneur, philanthropist, humanitarian, and activist who rocketed to recognition with his debut album and single.
Idibia began his musical career in high school, where he played at modest music concepts and talent shows before deciding to go solo. He earned popularity after releasing his debut album, “Face to Face,” which integrated his talents. Following great sales, his second album, ‘grass to grace,’ cemented his renown due to the outstanding attributes featured in it.
Great musicians in Nigeria, such as Grammy award-winning Wizkid and other future singers, have been influenced by 2 face talent.
His net worth is estimated at $16 million, ranging from the massive concert to the ambassadorial partnerships he has landed so far, cementing him as one of Nigeria’s billionaire singers.
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