Have you ever wondered who the richest musicians in Nigeria are in 2025? What deals, businesses, and achievements catapulted them to such immense wealth? If you're curious about the powerhouse names dominating the music scene and Forbes-style wealth charts, you're in the right place!
In this definitive guide, we explore the Top 10 Richest Musicians in Nigeria 2025: Forbes List. You'll discover their estimated net worth, major income sources, and how they built their musical empires through hits, hustle, and high-stakes investments.
1. Wizkid — Global Afrobeats Star and Business Mogul ($132 Million)
Wizkid, born Ayodeji Ibrahim Balogun, tops the Top 10 Richest Musicians in Nigeria 2025: Forbes List with an impressive net worth of $132 million. He’s not just a Nigerian icon but an international brand.
How He Built His Wealth:
Wizkid’s global breakthrough came with the Drake-assisted hit “One Dance.” Since then, he’s signed multimillion-dollar deals with RCA Records, Puma, and Cîroc. He also owns Starboy Entertainment and earns handsomely from streaming, concerts, and merchandising.
Revenue Sources:
Music Sales & Streaming: Consistent top-tier performance across Apple Music and Spotify
Tours: Sold-out international concerts
Endorsements: Pepsi, Puma, Tecno, Cîroc
Business Ventures: Starboy Entertainment, fashion line, real estate
2. Davido — Hitmaker, Label Owner, and Digital King ($108 Million)
David Adedeji Adeleke, famously known as Davido, sits comfortably in second place with an estimated net worth of $108 million. His unmatched energy, global reach, and smart business moves place him high on the Top 10 Richest Musicians in Nigeria 2025: Forbes List.
How He Built His Wealth:
Beyond music, Davido co-owns HKN Music and leads DMW (Davido Music Worldwide). His endorsement deals with Martell, Infinix, and PUMA contribute significantly to his wealth. He’s also a savvy investor in tech and real estate.
Revenue Sources:
Global Tours: Africa, Europe, North America
Digital Revenue: Millions of YouTube and streaming royalties
Endorsements: Martell, PUMA, Wema Bank
Businesses: Music label, fashion collabs, and tech startups
3. Burna Boy — Grammy Winner and Afro-Fusion Pioneer ($95 Million)
Damini Ogulu, aka Burna Boy, commands global attention with his Grammy-winning talent and fearless branding. His net worth of $95 million earns him a strong position on the Top 10 Richest Musicians in Nigeria 2025: Forbes List.
How He Built His Wealth:
Burna Boy's record-breaking albums (African Giant, Twice As Tall) and collaborations with artists like Ed Sheeran and Justin Bieber have expanded his reach. His Live Nation-backed world tours rake in millions.
Revenue Sources:
Album Sales & Streaming: Billions of streams worldwide
Concerts: Premium fees for global appearances
Brand Deals: GLO, Chivas Regal
Merchandise & Fashion: Custom Afro-fusion fashion drops
4. Don Jazzy — Legendary Producer and Label Executive ($90 Million)
Michael Collins Ajereh, better known as Don Jazzy, is the brain behind Mavin Records and one of Nigeria’s wealthiest music entrepreneurs. With a net worth of $90 million, he is a foundational name on the Top 10 Richest Musicians in Nigeria 2025: Forbes List.
How He Built His Wealth:
Don Jazzy discovered and produced stars like Tiwa Savage, Rema, and Ayra Starr. Mavin Records now runs as a venture-backed company with global reach. He also invests in tech, crypto, and real estate.
Revenue Sources:
Music Production: Top-charting hits over a decade
Label Ownership: Mavin Records (valued in the tens of millions)
Investments: Fintech, e-commerce startups
YouTube & Social Media Monetization
5. Tiwa Savage — Queen of Afrobeats and Business Icon ($86 Million)
Tiwa Savage, Africa’s undisputed queen of Afrobeats, boasts a net worth of $86 million. With an international music catalogue and premium endorsements, she proudly claims a top-five seat on the Top 10 Richest Musicians in Nigeria 2025: Forbes List.
How She Built Her Wealth:
After signing with Roc Nation and UMG, Tiwa became a global performer. Her deals with MAC Cosmetics, Pepsi, and Tecno are worth millions, and she owns property in Nigeria and the UK.
Revenue Sources:
Music & Tours: International performances and festival bookings
Endorsements: MAC, Pepsi, Star Lager
Fashion & Skincare Ventures
Streaming: One of the most streamed African women on Spotify
6. Olamide — Rap General and Label Tycoon ($70 Million)
Olamide Adedeji, aka Baddo, is a major force in indigenous rap and music business. With a net worth of $70 million, he earns his place on the Top 10 Richest Musicians in Nigeria 2025: Forbes List.
How He Built His Wealth:
Olamide founded YBNL Nation, nurturing talents like Fireboy DML and Asake. He profits from endorsements, music publishing, and massive regional streaming success.
Revenue Sources:
Record Label: YBNL’s growing global catalog
Endorsements: Goldberg, Monster Energy
Merchandising & Fashion: Streetwear partnerships
Streaming & Licensing: Top-tier regional digital performance
7. Rema — Global Pop Star and Gen Z Icon ($55 Million)
Divine Ikubor, popularly known as Rema, is the youngest act on this list with a net worth of $55 million. His international hits and crossover appeal land him a well-earned place in the Top 10 Richest Musicians in Nigeria 2025: Forbes List.
How He Built His Wealth:
Rema’s breakout hit “Calm Down” opened doors to global radio and billboard charts. Signed to Mavin and Virgin Music, he earns big from streaming, concerts, and brand deals.
Revenue Sources:
Music: One of the most streamed Nigerian artists
Global Tours: Stadium and arena shows
Endorsements: Sprite, Skechers
Fashion Collaborations
8. Phyno — Cultural Voice and Business Innovator ($42 Million)
Phyno, born Chibuzor Nelson Azubuike, is one of Nigeria’s most respected indigenous rappers, with a net worth of $42 million. His dedication to Igbo culture and music makes him a standout in the Top 10 Richest Musicians in Nigeria 2025: Forbes List.
How He Built His Wealth:
Phyno’s brand thrives on authenticity. He’s toured across Africa and the U.S., owns several Lagos properties, and has invested in fashion and film.
Revenue Sources:
Music & Shows: Enduring regional influence
Endorsements: Airtel, Guinness, Life Lager
Real Estate: Properties in Lagos and Enugu
Film and Soundtrack Deals
9. Mr Eazi — Musician Turned Investor ($40 Million)
Oluwatosin Ajibade, known as Mr Eazi, bridges entertainment and entrepreneurship with a net worth of $40 million. His innovative business model makes him a rising mogul in the Top 10 Richest Musicians in Nigeria 2025: Forbes List.
How He Built His Wealth:
Mr Eazi founded emPawa Africa, a platform supporting young artists across the continent. He also holds equity in music distribution platforms and startups.
Revenue Sources:
Music and Royalties
emPawa Africa: Artist funding and development
Tech Investments: Equity in music and fintech platforms
Brand Collaborations: Puma, Vydia
10. Yemi Alade — Female Powerhouse and Global Performer ($39 Million)
Yemi Alade, with a net worth of $39 million, completes the Top 10 Richest Musicians in Nigeria 2025: Forbes List. Known for her electrifying stage presence and multilingual performances, she remains a top-tier earner.
How She Built Her Wealth:
Alade has toured over 30 countries, signed with UMG Africa, and secured deals with Luc Belaire and Hollandia. Her visual-heavy brand appeals globally.
Revenue Sources:
Tours: One of Africa’s most-traveled performers
Endorsements: Close Up, Shell, Luc Belaire
YouTube Revenue: Millions of subscribers
Acting and TV Appearances
FAQs about Top 10 Richest Musicians in Nigeria 2025
Q1: Who tops the list of the richest musicians in Nigeria in 2025?
A1: Wizkid leads with a net worth of $132 million.
Q2: How do Nigerian musicians build wealth beyond music?
A2: Through endorsements, real estate, record labels, and tech investments.
Q3: Which musician has the biggest international presence?
A3: Burna Boy, with multiple Grammy awards and global tours.
Q4: Are female artists on the richest musicians list?
A4: Yes, Tiwa Savage and Yemi Alade are prominent top earners.
Q5: What role do endorsements play in these musicians’ wealth?
A5: They provide significant income, often matching or exceeding music revenue.