Forbes List: Top 10 Richest Musicians in Nigeria 2021

The Nigerian music industry is a multi-billion dollar industry that has been growing at a rapid rate.

The Nigerian music scene is a vibrant and vibrant industry that is growing at an exponential rate.

Nigeria is a country that has a rich musical history. The country has a long history of music and music has been an integral part of the culture of Nigeria.

The music industry in Nigeria is a very vibrant industry and has been a mainstay of the country and has contributed to the growth of the economy of the nation.

The music and entertainment scene is one of the key reasons why Nigeria has been able to generate substantial foreign investment and has become a major international financial centre.

It is no surprise that the music industry has been on the rise as the country has grown into a major economy.

The music industry and all that it entails has been the subject of some very interesting debates as to its effect on the society and development of the Nation.

Today, we will explore the top artists in the music scene and try to determine the richest musicians in Nigeria 2021. [Forbes List]

  1. Davido $40,000,000 net worth (N24,000,000,000)

Currently speaking, Davido has anet worth of $40 million as he leads the race of the top richest musician in Nigeria.

The Risky crooner has inked huge endorsement agreements and delivered outstanding songs this year, which would have earned him money on its own.

As of January 2021, his net worth is still estimated to be $25 million, increasing to Davido’s net worth, which was estimated to be $16 million in 2019.

2. Wizkid $30,000,000 net worth (N18,000,000,000)

Wizkid’s net worth is estimated at 30 million U.S dollars in 2021.

Apart from singing, Wizkid also secured many endorsements deals with MTN Nigeria and GLO ( which paid him N120 million to become its ambassador).

3. Burna Boy $18,000,000 net worth (N10,800,000,000)

The self-acclaimed African giant comes third in the rich list with a net worth of over 10 billion naira.

Burna Boy had a successful year as well in terms of sold-out concerts in different parts of the world.

4.Don Jazzy $17.500,000 net worth (10,500,000,000)

The Mavin record boss comes in at number 5 in the Nigerian music rich list.

Don Jazzy is worth over 10 billion naira, he has carved a niche for himself as one of the biggest influencers in the Nigerian social media space.

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5. 2Baba Idibia $16,000,000 net worth (N9,600,000,000)

According to Forbes, veteran Nigerian music star, 2Baba Idibia is worth a staggering 9.6 billion naira, there was a time the singer was topping the rich list chat beating several of his contemporaries.

But he has calmed down a bit giving the new school guys their time to shine.

6. Olamide $14,000,000 net worth (N8,400,000,000)

The YBNL boss is occupying the 6th position on the list, the singer explored the international market in 2021 and he is thriving big time there.

He is worth 8.4 billion naira as an artist.

Phyno net worth $11,000,000 (N6,600,000,000)

Olamide’s bestie, Phyno occupied the number 7 spot on the rich list as he is worth the sum of N6.6 billion naira.

Timaya $10,500,000 (N6,300,000,000)

Timaya occupied the number 9 position with a net worth of N6,3 billion naira, Timaya who has blessed his fans with several hits lasted so many years in the music business.

He is one of the musicians that love living a private low key life.

Flavour net worth $9,500,000 (N5,700,000,000)

Flavour Nbania occupied the number 9 spot with a net worth of 5.7 billion naira, he also had a successful year musically with his hit single, Levels.

Tiwa Savage net worth $9,000,000 (N5,400,000,000)

Tiwa Savage is the only lady that made it to the top 10 in the rich list.

The Somebody Son crooner’s net worth is estimated to be around 5.4 billion naira.


Many musicians in the country have begun to make their mark on the music world.

Nigerian musicians have been credited with giving birth to and introducing many popular West African rhythms including the drumbeat, wahala, and highlife.

There are many artists that have had successful careers because of the huge success they have had in music.