Nigerian musicians make significant income from their work. Many earn money through their music, and numerous artists have become very wealthy from their craft. They achieve this through album sales, live performances, and brand endorsements.
Additionally, many musicians diversify their income streams by investing in businesses and collaborating with international artists. This combination of talent, hard work, and strategic partnerships enables them to build substantial wealth and influence in the music industry.
Here is a list of some of the richest Nigerian musicians, their net worth, and the cars they own;
1. Davido – $90 Million
Nigerian singer and leader of the 30BG gang, Davido, is considered the richest musician in Africa, not just Nigeria, with a net worth of over $90 million.
Davido co-owns the HKN music record label with his brother and has signed many Nigerian artists.
His wealth comes from a combination of music sales, concerts, endorsements, and strategic business investments. His influence extends beyond music, making him a prominent figure in the entertainment industry.
He owns houses in Banana Island and a getaway mansion in Georgia, USA. Davido is also known for his exquisite taste in luxury cars, which include:
- 2019 Rolls Royce Cullinan
- Bentley Bentayga
- Bentley Continental GT
- Porsche Panamera Turbo S
- Range Rover Sports
- Range Rover SV autobiography
- Chevrolet Camaro GS
- Audi R8
- Audi Q7
- Mercedes-AMG GLS63
- Mercedes G-Wagon
- Toyota Land Cruiser
2. Wizkid – $70 Million
The Nigerian singer’s net worth is estimated at 15 billion Naira. Wizkid, the owner of Starboy Entertainment, possesses a 13 million Naira mansion in Surulere and another in Los Angeles.
The Starboy also owns a private jet and boasts a collection of cars that includes:
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- 2021 Rolls Royce
- 2019 Lamborghini Urus
- 2020 V-Class
- Maybach
- G-Wagon
- Porsche Panamera
- BMW X6 Crossover
3. Don Jazzy – $55 Million
- Porsche 911 Carrera
- Bentley Continental
- Cadillac Escalade
- Mercedes Benz E350
4. Burna Boy – $40 Million
Burna Boy, known as the African Giant, is another wealthy musician in the country, with a net worth currently valued at 12 billion Naira. He has been in the music industry for years, but his success skyrocketed around 2018.
Since then, he has become an international sensation, with numerous concerts and awards adding to his acclaim.
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Burna Boy owns a massive multimillion-naira mansion in Lekki. Here are some of the cars he owns:
- Red hot Rolls Royce Dawn Convertible
- Ferrari 458 Italia
- Bentley Continental
- Mercedes Benz G-Wagon
5. Timaya – $35 Million
Timaya, also known as the “plantain boy,” is another popular Nigerian singer who has accumulated significant wealth through his music career.
He entered the Nigerian music scene in 2005 and has since made substantial progress, building a net worth valued at 5 billion Naira. His success reflects years of dedication and talent in the music industry.
Timaya owns a 250 million Naira mansion in Lekki and boasts a variety of cars, including:
- Porsche 911 Carrera
- 2 Range Rover Sports
- Mercedes-Benz G55 AMG
- Mercedes-Benz GLE
- Bentley Continental GT
- 2015 Lexus LX570
- Used Lexus GX 460
6. D’banj – $30 Million
D’banj, famously known as the “Koko Master,” ranks as the sixth wealthiest Nigerian musician, boasting a net worth of $30 million. He pursued Mechanical Engineering at Oxford University in London before returning to Nigeria to focus on his musical career. This academic background coupled with his musical talent has contributed significantly to his financial success and industry influence.
D’banj owns a house in Lagos, and his car collection includes:
- $200,000 Worth Aston Martin Vintage
- 2 Toyota Jeep
- Toyota Hilux
7. 2Baba – $27 Million
The Benue-born music star is also among the wealthiest Nigerian singers, with a net worth exceeding 10 billion Naira. Starting his career with the Plantashun Boiz group, 2Face (also known as 2Baba) has grown into a reputable Nigerian musician and continues to thrive in his craft. His journey from his early days in the music industry to his current success reflects his talent and dedication.
He owns mansions in Lagos Island, Festac, and Ikeja. Here are some of the cars he owns:
- Chevrolet Corvette Coupe
- Ferrari Coupe
- Toyota Land Crusier Prado
8. Flavour – $23 Million
Flavour holds the eighth spot on the list with a net worth of $23 million. The Enugu-born singer is renowned as a Nigerian highlife/Afro-pop singer, songwriter, guitarist, recording artist, stage performer, and instrumentalist. Chinedu Okoli, as he is known, stands as a top earner in the music industry, showcasing his versatility and talent across various musical roles.
Among the cars the artist owns are:
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- Lexus LX 570
- 2014 Mercedes Benz G63
- 2014 Range Rover Vogue
- BMW X6
- Rolls Royce Cullinan
9. Olamide – $21 Million
Olamide, a popular Nigerian musician and songwriter, has an estimated net worth of around $12 million. This figure reflects his earnings from music sales, concerts, endorsements, and other business ventures. Olamide, also known as Olamide Baddo or BaddoSneh, has been a prominent figure in the Nigerian music industry for many years, with numerous hit songs and successful albums contributing to his financial success.
Olamide possesses two mansions in Lekki and Bariga, Lagos. Among the vehicles in his garage are:
- Mercedes-Benz G-Wagon
- Range Rover Sports V8
- Rolls-Royce Phantom
10. Phyno – $20 Million
Here are some of the cars owned by the musician:
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- Rolls-Royce Phantom
- Lamborghini Gallardo Spyder
- Polaris Slingshot
- Bentley GT Coupe