Top 10 Most Richest Musicians In Nigeria In 2020

In the past people always say music as a profession is indecent and unreliable, but I must say that it’s not true today. As a matter of fact, there are thousands of Nigerian musicians that are making millions of dollars from their craft. The music industry in Nigeria makes billions of naira yearly and has proven to be one of our major exports, which is one reason we need to guard it jealously.

Our Nigerian musicians are living an extravagant lifestyle. The life of fame, glamour, money and flamboyance has become the order of their day and it is a life many of us are dreaming to live in. These Nigerian musicians are so wealthy that some of them own private jets, expensive Gucci’s, expensive cars and properties worth in millions of naira. So therefore, after a careful study and research I present to you top 10 most richest musicians in Nigeria in 2020.

10. Phyno

Azubuike Chibuzor Nelson popularly known by his stage name as Phyno is a famous Nigerian indigenous rapper, record producer, songwriter, singer, stage performer and a model. He was born on 9th October 1986 in Abakpa-Nike, Enugu State in the south eastern part of Nigeria. He is currently 33 years old. Phyno is originally from Anambra State in the south eastern part of Nigeria but was born and bred in Abakpa-Nike, Enugu State in the south eastern part of Nigeria. After completing his primary and secondary school education, Phyno attended Institute of Management and Technology (IMT) in Enugu and graduated with a National Diploma (OND) in Public Administration. Throughout his high school days, Phyno focused all his attention in music and learned to play the drums and piano. Phyno is very wealthy and currently number 10 on our lists of the top 10 most richest musicians in Nigeria with an estimated net worth of $8.9 million.

9. Olamide

Olamide Adedeji popularly known as Olamide is a famous Nigerian hip hop indigenous rapper, singer, songwriter, recording artiste, stage performer and a model. He was born on 15th March 1989 in Bariga, Lagos State in the south western part of Nigeria. He is currently 30 years old. He rap and sing mostly in Yoruba language and sometimes calls himself Olamide Baddo or Baddest Guy Ever Liveth. After completing his primary and secondary school education, Olamide went ahead and studied at Tai Solarin University of Education in Lagos State, Nigeria. In 2000, he decided to pursue a career in music. In 2010, he performed at the Hip Hop World Awards. He is currently the Chief Executive Officer (CEO) of YBNL Nation Record Label. Olamide is very wealthy and currently number 9 on our lists of the top 10 most richest musicians in Nigeria with an estimated net worth of $9.2 million.

8. Banky W

Olubankole Wellington popularly known by his stage name Banky W is a famous Nigerian R&B singer, songwriter, record label owner, stage performer, rapper, actor and a model. He was born on 27th March 1981 in New York City in the United States of America. He is currently 38 years old. His father is from Badagry in Lagos State, Nigeria while his mother is from Calabar in Cross River, Nigeria. After completing his primary and secondary school education, Banky W proceeded to RPI College in New York City in the United States of America where he studied Industrial Engineering. In 2002, he started his musical career. Banky W is the founded and CEO of the record label “Empire Mates Entertainment” (EME). In 2009 he signed Wizkid and Skales into his record label. Banky W is very wealthy and currently number 8 on our lists of the top 10 most richest musicians in Nigeria with an estimated net worth of $10 million.

7. Timaya

Enitimi Alfred Odom popularly known by his stage name as Timaya is a famous Nigerian singer, songwriter, stage performer and a recording artiste. He is popularly known as Egberi Papa 1 of Bayelsa. He was born on 15th August 1980 in Port Harcourt, Rivers State in the south southern part of Nigeria. He is currently 38 years old. Timaya is originally from Odi, a small village in Bayelsa State in the south southern part of Nigeria. Timaya started his music career in 2005 and is currently the founder of Dem Mama Records. Timaya rose to fame after the release of his hit single “Dem Mama” which also appeared on his first debut studio album. In 2006, Timaya became a public figure after the release of his hit single “True Story”. Timaya is very wealthy and currently number 7 on our lists of the top 10 most richest musicians in Nigeria with an estimated net worth of $11 million.

6. Flavour

Chinedu Okoli popularly known by his stage name as Flavour is a famous Nigerian highlife/Afro pop singer, songwriter, guitarist, instrumentalist, recording artiste, stage performer, actor, model and an entrepreneur. He was born on 23rd November 1983 in Achara Layout, Enugu State in the south eastern part of Nigeria. He is currently 36 years old. He is originally from Umunze in Orumba South Local Government Area of Anambra State in the south eastern part of Nigeria. Flavour is the first son of a large family consisting of four siblings and seven step siblings. He has a daughter with his babymama, Sandra Okagbue and another daughter with one of his babymama, Anna Banner. He attended Robinson Primary School in Uwani and Uwkunanaw Boys Secondary School in Achara Layout, both in Enugu State, Nigeria. Flavour is very wealthy and currently number 6 on our lists of the top 10 most richest musicians in Nigeria with an estimated net worth of $15 million.

5. 2Face Idibia

Innocent Ujah Idibia popularly known by his stage name as 2Face Idibia or 2Baba is a famous Nigerian R&B singer, songwriter, stage performer, recording artist and an entrepreneur. He was born on 18th September 1975 in Jos, Plateau State in the northern part of Nigeria. He is currently 44 years old. He is originally from Idoma, a small village in Benue State in the south southern part of Nigeria. After completing his primary and secondary school education, 2Face Idibia attended the Institute of Management and Technology (IMT) in Enugu and obtained a National Diploma (OND) in Business Administration Management. 2Face Idibia is very wealthy and currently number 5 on our lists of the top 10 most richest musicians in Nigeria with an estimated net worth of $17.5 Million.

4. D’banj

Oladapo Daniel Oyebanjo popularly known by his stage name as D banj is a famous Nigerian singer, songwriter, recording artiste, stage performer, model, actor, investor and an entrepreneur. He is popularly known worldwide as the “Koko Master”. He was born on 9th June 1980 in Zaria, Kaduna State in the northern part of Nigeria. He is currently 39 years old. He is originally from Ogun State in the south western part of Nigeria. His father is a military officer. D banj was expected to follow his father’s military career and was enrolled into the Nigerian Military School in Zaria. After completing his primary and secondary school education, D banj proceeded Oxford University in London, United Kingdom, where he graduated with a Bachelor’s Degree in Mechanical Engineer. D’banj is very wealthy and currently number 4 on our lists of the top 10 most richest musicians in Nigeria with an estimated net worth of $22 Million.

3. Don Jazzy

Michael Collins Ajereh popularly known by his stage name as Don Jazzy is a famous Nigerian singer, songwriter, recording artiste, stage performer, record producer, investor and an entrepreneur. He was born on 26th November 1982 in Umuahia, Abia State in the south eastern part of Nigeria. He is currently 37 years old. He started singing when he was 4 years old. At the age of 12 years old, Don Jazzy began to play the drums, bass guitar and traditional instruments. After completing his primary and secondary school education, Don Jazzy attended Ambrose Ali University Ekpoma in Edo State, Nigeria and graduated with a Bachelor’s Degree in Business Management. He is currently the Chief Executive Officer (CEO) of Mavins Records. Don Jazzy is very wealthy and currently number 3 on our lists of the top 10 most richest musicians in Nigeria with an estimated net worth of $29 Million.

2. Davido

David Adedeji Adeleke popularly known by his stage name as Davido is a famous Nigerian singer, songwriter, recording artiste, stage performer, model and a record label owner. He was born on 21st November 1992 in Atlanta, Georgia in the United States of America to Chief Deji and Vero Adeleke. He is currently 27 years old. His father is a billionaire and Nigerian business magnate while his late mother was a university lecturer. Davido is originally from Ogun State in the south western part of Nigeria. After completing his primary and secondary school education, Davido attended Babcock University in Ogun State, Nigeria and graduated in 2015 with a Bachelor’s Degree in Music. He is currently the Chief Executive Officer (CEO) of Davido Music Worldwide (DMW). Davido is very wealthy and currently number 2 on our lists of the top 10 most richest musicians in Nigeria with an estimated net worth of $34 Million.

1. Wizkid

Ayodeji Ibrahim Balogun popularly known by his stage name as Wizkid is a famous Nigerian singer, songwriter, recording artiste, stage performer and a model. He was born on 16th July 1990 in Surulere, Lagos State in the south western part of Nigeria. He is currently 29 years old. While still in school, Wizkid started pursuing his music career at the age of 11 years old. In 2009, he got admitted to Lagos State University and later dropped out. His parents later admitted him into City University in Lagos, but he later dropped out to focus full time on his music career. He is currently the Chief Executive Officer (CEO) of Star Boy Records. Wizkid is very wealthy and currently number 1 on our lists of the top 10 most richest musicians in Nigeria with an estimated net worth of $37 Million.

Austine Ikeru
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