Today we bring to you the latest list of the top 10 richest musicians in Nigeria 2021 and their current net worth.
1. Davido – ₦28 Billion ($70 Million)
David Adedeji Adeleke (born November 21, 1992), popularly known as Davido, is a Nigerian-American singer, songwriter, and record producer. He is one of the most influential artists in Africa.
Davido rose to fame after releasing “Dami Duro”, the second single from his debut studio album Omo Baba Olowo (2012). In 2012, Davido won the Next Rated award at The Headies. Between 2013 and 2015, he released a number of hit singles and in January 2016 signed a record deal with Sony Music. He then founded the record label Davido Music Worldwide (DMW), to which acts Dremo, Mayorkun, and Peruzzi have been signed. In July 2016, Davido signed a record deal with Sony’s RCA Records. In October 2016, he released the 5-track EP Son of Mercy, which was supported by the singles “Gbagbe Oshi”, “How Long” and “Coolest Kid in Africa”. In April 2017, Davido re-negotiated his contract with Sony due to creative control issues and later that year he released five singles including “If” and “Fall“. “If” generated worldwide social media activity while “Fall” became the longest-charting Nigerian pop song in Billboard history.
2. Mr P – ₦26.6 Billion ($66.6 Million)
P-Square is the defunct music duo consisting of the twin brothers, Peter Okoye and Paul Okoye. They produced and released their albums through Square Records. In December 2011, they signed a record deal with Akon‘s Konvict Muzik label. In May 2012, P-Square signed a record distribution deal with Universal Music Group. On 25 September 2017, numerous media outlets reported that the group disbanded. Reports about a breakup surfaced after Peter reportedly sent a termination letter to the group’s lawyer. Prior to this report, the duo disbanded in 2016, supposedly over a disagreement about the role of their manager.
3. Rude Boy – ₦26.4 Billion ($66.1 Million)
Rude boy, rudeboy, rudie, rudi, and rudy are slang terms that originated in 1960s Jamaican street culture, and that are still used today. In the late 1970s, there was a revival in England of the terms rude boy and rude girl, among other variations, being used to describe fans of two-tone ska. The use of these terms moved into the more contemporary ska punk movement as well. In the UK, the terms rude boy and rude girl are used in a way similar to gangsta, yardie or badman
4. Don Jazzy – ₦26.1 Billion ($65.3 Million)
Michael Collins Ajereh (born 26 November 1982), known professionally as Don Jazzy, is a Nigerian record producer, audio engineer, record executive, singer, songwriter, entrepreneur and philanthropist. He is the founder and the CEO of Mavin Records. Don Jazzy was co-owner of the defunct Mo’ Hits Records record label with Dbanj.
5. Wizkid – ₦25 Billion ($63.3 Million)
Ayodeji Ibrahim Balogun (born 16 July 1990), known professionally as Wizkid (sometimes stylized as WizKid), Wizzy or Starboy, is a Nigerian singer and songwriter. One of Africa’s biggest artists, Wizkid is the most decorated Nigerian artist ever (the most decorated African artist internationally), and one of the most revolutionary Afro-pop artists of the modern era
6. 2Face Idibia – ₦14.8 Billion ($37 Million)
Innocent Ujah Idibia (born 18 September 1975), known by his stage name 2Baba, is a Nigerian singer, musician, songwriter, record producer, entrepreneur, philanthropist, humanitarian, and activist. Prior to July 2014, he went by the stage name 2face Idibia. He is one of the most decorated and successful Afro pop artists in Africa. 2Baba is the first winner of MTV Europe, Best African Act Award in 2015
7. D’banj – ₦12 Billion ($30.1 Million)
Oladapo Daniel Oyebanjo (born 9 June 1980), better known by his stage name D’banj, is a Nigerian musician, singer, songwriter, rapper, entrepreneur and television personality. He has won several music awards, including the awards for Best African Act at the MTV Europe Music Awards 2007, Artist of the Year at the MTV Africa Music Awards 2009, Best International Act: Africa at the 2011 BET Awards, and Best-selling African Artist at the 2014 World Music Awards, Evolution award at the 2015 MTV Africa Music awards
8. Asa – ₦11.52 Billion ($28.8 Million)
Aṣa was born in Paris to Nigerian parents who were working and studying cinematography in France. Her family returned to live in Nigeria when she was two. Aṣa grew up in Lagos city, in the south-western part of Nigeria, and 18 years later, returned to Paris, where her life as an artist took off.
9. Flavor – ₦10 Billion ($25 Million)
Chinedu Okoli (born 23 November 1983), better known by his stage name Flavour N’abania or simply Flavour, is a Nigerian singer, songwriter and multi-instrumentalist. He began his musical career as a drummer for a local church. Flavour is popularly known across Africa and the world for his hit song “Nwa Baby (Ashawo Remix)”. He is currently signed to 2nite Entertainment.
In 2005, he released his self-titled debut album N’abania. In 2010, Flavour released his second studio album Uplifted. It was supported by the singles “Nwa Baby (Ashawo Remix)”, “Adamma“, and “Oyi Remix“. The album’s success made Flavour one of Africa’s most sought out artists. Flavour was booked to perform at numerous concerts and social events following Uplifted’s release.
10. Burna Boy – ₦7.2 Billion ($18.1 Million)
Damini Ebunoluwa Ogulu (born 2 July 1991), known professionally as Burna Boy, is a Nigerian singer, songwriter, rapper, and dancer. He is one of the biggest and most successful African artists.
He rose to prominence in 2012 after releasing “Like to Party”, the lead single from his debut studio album L.I.F.E (2013). In 2017, Burna Boy signed with Bad Habit/Atlantic Records in the United States and Warner Music Group internationally. His third studio album Outside marked his major-label debut. In 2019, he won Best International Act at the 2019 BET Awards, and was announced as an Apple Music Up Next artist. His fourth studio album African Giant was released in July 2019; it won Album of the Year at the 2019 All Africa Music Awards and was nominated for Best World Music Album at the 62nd Annual Grammy Awards. He was awarded the African Artist of the year at the 2020 VGMA’s. In 2020, his album Twice as Tall was nominated for the same category at the 63rd Annual Grammy Awards, making him the first Nigerian with back-to-back nominations at the Grammys. In 2021, he won the award for Best World Music Album at the 63rd Annual Grammy Awards.
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