Top 10 richest musicians in Nigeria 2020 and their net worth (Forbes)

There are lots of rich musicians in Nigerian today. However, the list of richest musicians can not be completed without top musical tycoon and stars like Davido, 2face Idibia, Wizkid and  Don jazzy. The music business is famously a very lucrative  and exceptional one, but many Nigerians have no idea how truly rich some of their favourite music artists are.

The top 10 richest musician in Nigeria is constantly changing, but we can already tell who is the richest artist in Nigeria in 20202 as we speak.

Check out this top 10 richest musician in Nigeria 2020!

10. Olamide

Fans say Olamide is destined to become the highest paid musician in Nigeria, but right now he’s at the bottom of this top 10 list. Olamide makes money by being a successfully touring musician, as well as being the CEO of a digital TV channel and the ambassador for several famous brands. Today Olamide net worth is around ₦13.2 billion.


9. Banky W

Banky W, also known as Olubankole Wellington, achieved fame as a popular musician, but his talents and interests span beyond the music industry. Banky W never stops trying new projects and jobs, including acting, public speaking, film production, and ambassadorship for brands like Uber and Samsung. Unsurprisingly, his net worth in 2018 reached ₦13.5 billion.


8. Timaya

Timaya is one of the newcomers on the list of top ten richest musician in Nigeria 2018, but that didn’t prevent him from landing a respectable spot. In addition to giving lots of high-paying concerts, Timaya is also an ambassador for Henessy and Glo, as well as the owner of a luxurious Lekki mansion. Right now Timaya is worth ₦14 billion.


7. Paul Okoye

Up until last year Paul Okoye was 1/2 of the iconic duo Psquare, but after Paul and his brother split, Paul’s financial state was affected. As a solo musician, he cannot charge the same amount of money for a gig as he did with his brother, and, as result, his net worth has accelerated arithmetically to ₦15.6 billion.


6. Peter Okoye

The other half of the Psquare duo, Peter Okoye, is also doing fine after splitting from his brother and partner. This year Peter has not only gone on a solo tour, but also retained his partnerships with Kia Motors, as well as announced his own clothing line. That is why in 2020 he currently brags with a net worth of ₦16.8 billion.


5. 2Baba

The musician 2Baba, who was known as 2Face until 2014, is right in the middle of our list of top 10 richest musician in Nigeria and their worth. Besides his earnings from music, 2Baba gets his income from endorsements, and real estate. This kind of hustle brought 2Baba his net worth of ₦15.9 billion. Innocent Ujah Idibia popularly known as 2face or 2Baba is one of the top 5 richest musicians in Nigeria according to Forbes.

2face was born on the 18th Of September, 1975 in Jos, Nigeria where he attended Mount Saint Secondary school in Makurdi, Benue State

2Baba hails from Benue State, Nigeria and he is the founder and CEO of Hypertek Music Entertainment. He is a singer, songwriter, stage performer, entertainer.

2face started his music career with Plantashun Boiz but the group went their separate ways in 2004. 2Baba prove his talent by releasing an album in 2004 ‘Face to Face’ that sold over 2 million copies which include the hit track ‘African queen’ and he continues to release hit songs since then.

2face is one of Nigeria music Legend and have won lots of awards home and abroad and also signed multi-million endorsements. He has made millions of Naira from endorsement contracts with GLO, Guinness Nigeria, NAFDAC, Campari, Airtel.

2face is happily married to Annie Idibia and have wonderful kids, even though 2Baba is fondly called Father of the Nation because of the number of kids he has with different women.

2face stays in a Mansion in Lekki among his other houses, he also owns some fleet of cars.

He charges about ₦3 million to per show

He is estimated to be worth ₦15.9 billion Naira


4. D’banj

D’banj has been in the Nigerian music scene for ages, and his experience plus his musical talent made him one of the highest paid personalities in Nigeria. In addition to charging about 6 million for a single performance, D’banj is also a businessman and brand ambassador. The D banj net worth today is ₦16.9 billion.


3. Don Jazzy

Michael Collins Ajereh popularly known as Don Jazzy is the third richest artist in Nigeria.

Don Jazzy was born on the 26th Of November, 1982. His family moved to Ajegunle where he was brought up. He attended Federal Government College, Lagos and then proceeded to Ambrose Alli University where he enrolled for Business management.

Don Jazzy moved to the United Kingdom in 2000 to meet his Uncle where he met JJC, 419 Squad,  Kas, Solek, and Dbanj.

Don Jazzy is a Nigerian singer, songwriter, producer, and stage performer.

He is the founder and CEO of Mavin Records, one of the top record labels with artist like Dr. Sid, Reekado Banks, Dija, Korede Bello.

Don Jazzy has various endorsement deals and owns a mansion in Lekki, Lagos State with some fleet of cars including Porsche Carrera, Bently Continental, Cadillac Escalade and a Range Rover.

Don Jazzy charges ₦600,000 to produce a beat for a song. Don Jazzy is estimated to worth ₦17 Billion.


2. Wizkid

Today Wizkid enjoys the perks of being Nigeria’s most successful music export of the past decade: the collaborations with international music stars, performances at huge shows, Grammy nominations, Billboard-charting singles, and a whole lot of enviable possessions. His net worth of ₦19.2 billion is the best proof of his success.


1. Davido

In the eternal battle of “Wizkid and Davido: who is the richest?” Davido is the winner of 2018. He may not yet have Wizkid’s international recognition, but after his hugely popular 30 Billion Tour, a number of hit singles, and music videos reaching dozens of millions of YouTube views, Davido’s ₦20.9 billion net worth seems perfectly justified.



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