Richest Nigerian Artists And Their Net Worth 2022
The entertainment industry is no doubt a lucrative one. Its reward for talent has made the Nigerian music industry a fast-growing one, producing many talented musicians.
Nigerian artists have been recognized both at home and on the global stage; they are among the best in Africa.
This recognition has been reflected in their net worth; it is pretty evident that many Nigerian artists live in luxury.
Thanks to their outstanding career, some artists are more wealthy than others, so today, we will be looking at those artists who have done so well for themselves financially.
Read on to find out who the wealthiest artist in Nigeria is:-
Net Worth: $9.5 million
Ranked No.11 is Chinedu Okoli, popularly known as Flavour. With a net worth of $9.5 million, he is said to have some juicy investments in Enugu.
Added to this is his endorsement deals with top local and international brands.
The Flavour is currently an ambassador for MTN, Bullet energy drink.
He is also well known for his exotic taste in cars, with the likes of Lexus LX 570, Black Mercedes Benz G-wagon, Land Rover, among others in his collection.
Net Worth: $10.5 Million
With a net worth of $10.5 million, Intime Alfred Odom, known professionally as Timaya, is ranked No.10 on this list.
Aside from singing, he has also groomed some talented artists, Runtown and Patoraking, while running his record label known as “DM.”
Timaya currently lives in his mansion in Lekki, worth over 200 million nairas; aside from this, he is also the owner of several exotic cars.
- Mr. P
Net Worth: $11 million
Peter Okoye, known popularly as Mr. P, is currently among the richest artist in Nigeria, ranking 9.
Contrary to popular belief, following the defunct Psquare group, Peter seems to be doing quite well for himself.
Thanks to several ambassadorial deals and his music career, Mr.P currently has a net worth of $11 million.
Richest Nigerian Artists
Net Worth: $11 million
Chibuzo Nelson Azubuike, popularly known as Phyno, is next on the list, with $11 million.
The talented artist, a graduate of Public Administration, found his passion in music and has been very good at it.
With several hit songs to his name, Phyno is the proud owner of a three-bedroom duplex in Chevy View Estate in Lekki Lagos, worth over 150 million nairas alongside a mansion in a mansion in Enugu State.
Net Worth: 13 Million
Paul Okoye, known by his stage name, Rudeboy, and his brother had a whopping net worth.
However, after the end of their partnership, Rudeboy, like his brother, is doing pretty well for himself, with several hit songs to his name and endorsement deals.
Paul Okoye, as of 2021, has made a net worth of $13 million.
Net Worth: $14 million
Olamide, AKA Baddo, is another Nigerian artist who has done so well in the Nigerian entertainment industry.
He is currently ranked among the wealthiest Nigerian artist with a net worth of $14 million.
He is the YBNL record label CEO, where he manages many talented artists.
Olamide is also a brand ambassador for the mobile phone brand, Itel.
His properties include extraordinary, luxurious cars in Lekki and Bariga Lagos.
- 2Baba (2Face)
Net Worth: $16 Million
2Face Idibia, also known as 2Baba, is next on the list with a net worth of $16 million.
This amount got from his career as a musician and other endorsement deals.
Since his rise to fame with 2004 single, “African Queen,” 2Face has remained in the spotlight for good and bad reasons.
The talented singer owns some expensive mansions, two in Lagos and another in the United States.
- Don Jazzy
Net Worth: $17.5 Million
Collins Michael Ajereh, known as Don Jazzy, has produced several award-winning artists.
As the CEO of Mavin Record Label, Don Jazzy has an eye for talent; he has groomed and established several talented musicians, which, in turn, has given him a good return on investment.
With ambassador deals with MTN, Loya Milk, V-Bank, and a net worth of $17.5 million as of 2021, Don Jazzy stands as the fourth richest artist in Nigeria.
- Burna Boy
Net Worth: $18 Million
Damini Ebunoluwa Ogulu, known professionally as Burna Boy, has often been rated as one of the best in Nigeria.
Currently, a brand ambassador to Globacom, Nigerian Breweries Plc, and Mortell Cognac, Burna Boy is no doubt well loaded from these deals and his music career, which has earned him global recognition.
He currently stands as the third richest artist in Nigeria, with $18 million.
Net Worth: $19 Million
David Adeleke, popularly known as Davido, is one Nigerian artist making waves within and outside the country.
Davido has collaborated with other income streams aside from singing like the other artists.
He is a brand ambassador for MTN, Guinness Nigeria, and Infinix mobile phones.
He is ranked No.29 in the world’s richest Instagram celebrity, being paid the whopping sum of $91,100 for his posts on the social media platform.
In addition to this, Davido’s YouTube channel currently holds millions of subscribers.
He is said to have two mansions in Lekki Lagos and another in Georgia, USA and is now the second richest artist in Nigeria.
Net Worth: $20 Million
Ayodeji Ibrahim Balogun, popularly known as Wizkid, is a Nigerian artist that needs no introduction.
Aside from singing, the talented singer has bagged several endorsement deals, with the likes of GLO (Globa, Com), Tecno, United Bank for Africa (UBA), and the international sportswear Puma.
It is important to note that Wizkid is also an ambassador for Pepsi and Guinness; these deals are worth millions of dollars.
So it’s no surprise the young singer has made this much from his career, with a net worth of $20 million; Wizkid currently stands as the richest artist in Nigeria.