20 Richest Artists in Nigeria and Their Net Worths

The entertainment industry has become one of the fastest-growing enterprises in Nigeria. With little or no support from the government, music stars have so much maximized the industry to the point that they are not just known within the country but have also garnered massive international recognition. This is why the number of richest artists in Nigeria is always on the rise.

Some of the notable stars we have seen in this industry cut across all sections of the industry to include musicians, comedians, and actors who have shown great prowess in their craft. Nigerian artists have also been seen in numerous collaborations with Hollywood icons and other international entertainers which is also credited for the fame the industry enjoys currently.

Meet The Richest Artists In Nigeria and Learn How Much They Are Worth

You must have seen the life of luxury, expensive cars, and pricey toys Nigerian entertainers cruise around with, and you are probably curious as to who is richer, their net worth, what accounts for their great wealth, and how they got there. Let’s bring an end to that curiosity, check out the top 20 richest artists in Nigeria currently.

1. Davido

  • Net Worth: $40 million
  • Age: 28
  • Industry: Music
  • Other Sources of Income: Endorsement deals, Pacific Holdings
  • Best Known For: Aye, Assurance, Omo Baba Olowo, Dami Doro, Skelewu

In any conversation regarding secular music in Nigeria, you must mention the songwriter, singer, and music producer David Adedeji Adeleke, popularly known as Davido.
Little wonder he currently tops the list of the richest artists in Nigeria as he is a versatile musician who has dabbled into a lot of other things. More so, it’s known that his family’s affluence enhanced his meteoric rise to stardom – his father, Adedeji Adeleke is one of the wealthiest men in the country.

The Nigerian music icon who was born in Atlanta Georgia began to show interest in music at a young age and at the time, he bought musical instruments for making beats along with his cousins. Although he would later enroll in the Business Administration department at Oakwood University in Alabama but for his love for music, he dropped out of school to become a full-time musician. However, his father intervened and Davido, with respect to his father’s wish, went back to school but this time, he attended Babcock University in Nigeria where he obtained a degree in Music.

His debut studio album which was released in 2012 titled “Omo Baba Olowo” did not only mark the start of his musical career but launched him into superstardom as well. The album won the best R&B/Pop Album of the year 2012 and received a nomination of Album of the Year at Headies 2013. It is also one of the reasons he is called OBO. Other successful albums by Davido include “A Good Time (2019)” and “A Better Time (2020)”. He has also been able to release over sixty songs which include popular hits like ‘All of you’, D’ami Duro’, ‘Fans Mi’, ‘Assurance’, ‘Flora my Flawa’, ‘Aye’, and ‘FEM’ among others.

Other Endeavours

Apart from being a musician, Davido also owns the record label Davido Music Worldwide (DMW) and he has signed several mainstream artists, including Peruzzi, Mayokun, and May D. He also earns good money from awards and recognitions, YouTube streams, and endorsement deals with brands like MTN, Guinness, Infinix, Pepsi, etc.

Additionally, the singer has recently joined his father’s company, Pacific Holdings, and was featured in the award-winning movie, Coming to America 2 where he sang his popular song “Assurance”.

2. Wizkid

  • Net Worth: $38 Million
  • Age: 30
  • Industry: Music
  • Other Sources of Income: Endorsement deals, Starboy Clothing line, Starboy Entertainment
  • Best Known For: Lil Prinz, Wizzy, Holla at Your Boy, Starboy

Following Davido closely is Ayodeji Ibrahim Balogun, popularly known as Wizkid or Star Boy. He is currently the highest-paid music artist in Nigeria; he gets as much as ₦8 to ₦15milion for concerts within Nigeria and up to ₦80 million for international events. More so, Wizkid got ₦245.9 million to perform at a royal wedding in India.

This leading Nigerian artiste was born into a humble multi-religious polygamous family; his father practiced Islam while his mother is a Pentecostal Christian. His first exposure to music can be traced back to his early years when he formed a band “the Glorious Five” with his church friends and they released an album before they were disbanded – Wizkid was just 11 at the time.

Several years later, his fame began to spread when he sang “Holla at Your Boy” which is a lead single from his debut album, “Superstar” which dropped in 2011. As of now, Wizkid has 4 albums and over 44 promotional singles. He has also done some collaborations with foreign artists, including Drake, Akon, Wale, Beyoncé, and Jeremih, among several others.

Other Endeavours

Apart from music, Wizkid makes money from endorsement deals; he had signed an endorsement deal with Pepsi (worth $350,000), Glo (₦128 million), Dolce & Gabbana ($10,000), UBA ($3 million), as well as the likes of Puma, Guinness, Hennessy, Ciroc, etc.

He also has a clothing line in New York called Starboy Clothing and his own record label Starboy Entertainment which he started back in 2013 after his departure from Empire Mates Entertainment. All these business endeavors contribute to Wizzy’s staggering net worth of more than $38 million.

3. Don Jazzy

  • Net Worth: $25 Million
  • Age:  38
  • Industry: Music
  • Other Sources of Income: Partnerships, social media influencer, oil and gas
  • Best Known For: Don Baba Jay, Mo’Hits record, It’s Don Jazzy again, Marvin Records

Don Jazzy is not your regular artist or songwriter, he is into secular music like he owns it. As his name implies, he is the don of music production as he is notable for dishing out sizzling beats. This music icon who was born into the family of Mr. & Mrs. Collins Enebeli Ajereh in Isoko, Delta State, actually grew up in Ajegunle, Lagos. He discovered his love for music at a young age and started playing musical instruments. Though faced with the downside of life, he has done other jobs like being a security guard, yet it did not deter him from his music career. He would eventually collaborate with D’banj in 2004 to form Mo’Hits Records, where he produced two albums; “No long Thing” and “Rundown/Funk You Up” within two years.

A couple of years later in 2011, Kanye West employed him as a producer at “Very good Beatz”. However the next year, Don Jazzy announced his record label, Marvin Records, and since its launch, it has been producing back-to-back hit songs.

Other Endeavors

Apart from music production, Don Jazzy makes money from affiliating with different companies. He had signed an endorsement deal with Mtn, Loya milk, and several other brands but currently, he no longer signs endorsement deals but goes into partnerships, he is partners with Globacom and Cupanda Holdings.

This top-notch music producer is also a force to reckon with on the internet as he is a social media influencer and has been doing funny skits and collaborations with the likes of Mr. Macaroni. He is also into oil and gas as he started Marvin Energy Limited in 2012 with his brother.

4. Burna Boy

  • Net Worth: $18 Million
  • Age: 29
  • Industry: Music
  • Other Sources of Income: Endorsement Deals, Spaceship Entertainment
  • Best Known For: Oluwa Burna, African Giant, Twice as tall, Ye

It has been quite surprising how Burna Boy rose to prominence within a short period of time and now, he ranks among the richest artists in Nigeria. However, when you are extremely skilled at your art, the sky will only be your starting point which is true for Burna Boy and many can attest to the fact that the young man is very good at his craft.

Damini Ebunoluwa Ogulu, popularly known with his stage name Burna Boy, was actually born into the family of Mr. and Mrs. Ogulu in Port Harcourt. His grandfather had previously managed Fela Kuti and currently, Bose Ogulu, Burna Boy’s mum is his manager. You can say music runs in the blood and as a teenager in 2011, Burna officially started his career with the release of a mixtape ‘Burn Identity’. He would then go on to release a record-breaking debut studio album titled ‘L.I.F.E’ on 12 August 2013, an album that sold 40,000 copies on the first day of its release. Afterward, he released 5 singles namely, “Like to Party”, “Tonight”, “Always Love You”, “Run My Race” and “Yawa Dey”. He has released series of singles and albums, including, ‘African Giant’, ‘Outside’, ‘Twice as Tall’, and ‘Ye’ (single music video) amongst several others.

Other Endeavours

Apart from music, Burna has also made some good cash from endorsement deals and awards. He is currently the brand ambassador of Pepsi, Star Lager Beer, Globacom, and Martell Cognac. He has been nominated for the Grammy two times and won the coveted award in 2021 as his Album “Twice as Tall” clinched the Global Album of the Year award.

More so, the singer owns the record label Spaceship Entertainment which he started in February 2015. In April 2020, the label signed Afro-fusion singer, Buju, making him the third person to be added to the label – the first two being Burna and his sister, Nissi Ogulu.

5. 2baba

  • Net Worth: $16 million
  • Age: 45
  • Industry: Music
  • Other Sources of Income: Agro-based business, endorsement deals, real estate, Clubhouse, Hypertek Entertainment
  • Best Known For: Plantashun Boiz, African Queen

2Baba is one of the most respected musicians in the country and also ranks among the richest artists in Nigeria with an estimated net worth of $16 million. His music career started in the late 1990s while studying at the Institute of Management and Technology, Enugu. He did jingles and sang in events happening around the school. Consequently, he dropped out of school to face his musical career. He later moved to Lagos and formed a band called Plantashun Boiz with Black Face and Faze.

Unfortunately, they disbanded in 2004 and he went solo and released his debut album, ‘Face 2 Face’ that same year. The album preceded another one titled ‘Grass to Grace’ which he released in 2006 and in the same year, he released his hit song “African Queen” which brought him to the limelight. He has since been breaking records and winning awards in the music industry since then.

Other Endeavors

Apart from music, 2Face also has other sources of income that have contributed immensely to his net worth. In 2020, he started an agro-allied business in Nigeria with branches in Israel and United Kingdom. He is into real estate business and has a nightclub in Festac town that is worth over ₦246 million. More so, the music icon is the brand ambassador of Oraimo Smart Accessories, Trophy Stout, Campari, Coca-Cola, Globacom, and several other brands.

6. Olamide

  • Net Worth: $13.3 Million
  • Age: 32
  • Industry: Music
  • Other Sources of Income: Endorsement deals, oil and gas, media, real estate, YBNL Nation, etc
  • Best Known For: Baddo, Duro Soke, Rapsodi

Olamide, the King of Street music which accounts for the reason he is also called Baddo or Baddosneh, has 8 music albums to his name and has won many awards in his strides. He is ranked here as the 6th richest artist in Nigeria as he currently sits on a net worth of $13.3 million.

Olamide was actually born and raised in Lagos where he lived with his parents Pa Adedeji and Ronke Osisanya Adedejii in Bariga. Although no one in his family is believed to be musically inclined, he picked up an interest in music as a youngster, and even though he could not complete his education at Tai Solarin University, he went on to release his debut single ‘Eni Duro’ in 2010. This became a hit track and the next year, he released the album “Rapsodi” which also got a remarkable reception. Other notable albums he has dropped include “Baddest Guy Ever Liveth” and “Eyan Mayweather” etc.

Other Endeavours

Apart from music, Olamide also makes good money from endorsement deals. He is the brand ambassador of Monster Energy Drink, Ciroc, Crown Food, Goldberg Beer, Etisalat, Itel, Guinness, and Glo. He also has investments in real estate, as well as in the Oil and Gas sector as he has two filling stations in Lagos.

More so, Baddo rakes in a lot of cash as YouTube income for his videos on the platform, and as of 2018, he launched his T.V station The Voice of the Street. His YBNL Nation is also a major source of income for the music icon as he has signed a lot of top music acts in the Nigerian music industry.

7. Phyno

  • Net Worth: $12 Million
  • Age: 32
  • Industry: Music
  • Other Sources of Income: Real estate, endorsement deals, and Cryptocurrency
  • Best Known For: Ezege, O set, Highway

Phyno who is fondly referred to as Ezege 1 of Igbo raps has consistently made a name for himself in the music industry by releasing many songs mainly in Igbo language and pidgin – this also accounts for a huge fan base from Southeast Nigeria. It would interest you to know that Phyno is like an idol to many Igbo youths which is the reason his face was designed into one of the masquerade costumes used for traditional festivals. They call this masquerade “Ezege”. Currently, this superstar is among the richest artists in Nigeria with a net worth of $12 million.

Although this music icon is a native of Anambra State, he was born and raised in Enugu State. This was also where he developed his love for music during his days in secondary school and started learning how to play musical instruments at the time. He would then go on to enter the music industry as a record producer in 2003 before he began singing.

Phyno’s debut album which made him popular was released in 2014, titled “No Guts No Glory”. The album had hit singles such as ‘Ghost Mode’ featuring Olamide, ‘Man of the year’, ‘Alobam’, ‘O Set’, and ‘Parcel’. He also went on to collaborate with the likes of Stormrex, Omawumi, Olamide, Efa, P-Square, Timaya, Flavour N’abania, Mr. Raw, MI, Ice Prince, and Runtown. Irrespective of all these collaborations, word on the street is that Phyno has 100% claim on all his songs, that is to say, every money coming from his song goes directly to him.

Other Endeavours

Apart from music, he has made over $250,000 from YouTube streams alone. He has real estate investments, endorsement deals, and cryptocurrency. Currently, he is a brand ambassador for Monster Energy Drink, Guinness, GLO, Airtel, Life Larger Beer, TomTom and Naira Bet, and several other brands.

More so, this top Nigerian rapper is also the owner of the popular record label PENTHAUZE MUSIC. He actually started it back in 2008 and has signed music acts like Storm Rex and Shugaboi.

8. Genevieve Nnaji

  • Net Worth: $11 million
  • Age: 42
  • Industry: Movie
  • Other Sources of Income: Endorsement deals, real estate
  • Best Known For: Sharon Stone, Ijele, Blood Sisters, Ijé: The Journey, Lionheart

Genevieve Nnaji is listed as the 8th richest artist in Nigeria but as an actress, she is currently the richest female star in Nollywood with an estimated net worth of $11 million. The stunning lady actually began her journey in the movie industry at age 8 when she appeared in the TV series Ripples. However, it was around age 19 that Genevieve began to make a name for herself as a Nollywood star with her appearance in the film, Most Wanted. When she eventually landed the lead role in the 2002 film, Sharon Stone she turned into a screen goddess, and since then, she has continued to thrill fans with numerous remarkable performances.

The veteran Nigerian actress has proved over the years to be quite versatile in her craft and this has earned her both local and international recognition. Through her endeavors, she has won several prestigious awards.

Other Endeavours

In addition to raking in the cash as a talented actress, Genevieve has ventured into some behind-the-camera roles like producing and directing. Her film debut as a producer was Road To Yesterday which was released in 2015. She is also notable as both the writer and director of the blockbuster, Lionheart in 2018.

She has also been able to secure endorsement deals with several popular brands like Amstel Malta, Cintron Energy Drink, Etisalat, Range Rover cars, MUD cosmetics, and the fashion brand – Polo amongst others. More so, the industrious young lady is known to have launched her own clothing line called St.Genevieve in 2014, the same year she became the face of Lux.

Genevieve Nnaji has also tried singing back in 2004. As of then, she got signed by the Ghanaian record label, EKN Records but this deal was short-lived as she produced only one album entitled, “One Logologo Line”.

The Nollywood actress is also known for her interests in real estate. She currently owns several real estate investments in FCT Abuja, Lagos State, and Ghana.

9. Timaya

  • Net Worth: $11 million
  • Age: 42
  • Industry: Music
  • Other Sources of Income: real estate investment, endorsement deals, and video loyalties.
  • Best Known For: Dem Mama, Ogologomma, Bum Bum

Timaya is one of the richest artists in Nigeria with a net worth estimated at about $11.4 million.

The Nigerian singer cum songwriter was born Inetimi Timaya Odon and he is a native of Odi, Bayelsa state. He was exposed to life struggles at a young age, thus, his music initially was centered on his formative years’ stories and how he survived those hard times. As fate will have it, he rose to prominence after releasing the single “Dem Mama” in 2005 which later featured in his debut album “True Story”. Thus far, he has released 6 albums and one EP. He gets invitations to concerts and events on a regular basis and has won many awards, including the Headies, AFRIMA, Nigerian Music Awards, etc.

Other Endeavours

Other sources of income that have contributed to Timaya’s staggering net worth include video royalties, endorsement deals, and real estate. He is the brand ambassador of GLO and Hennessey. More so, he is the founder of the notable record label DM Records Limited.

10. Mr. P

  • Net Worth: $11 million
  • Age: 42
  • Industry: Music
  • Other Sources of Income: Endorsement deals and partnerships
  • Best Known For: Psquare, Cool it Down

Peter Okoye who is popularly known as Mr. P was one of the twin brothers in the band “Psquare” before their disbandment. He was born in Jos, Plateau State, but he is a native of Ifite Dunu in Anambra. His music career started alongside his brother and during their days together, they performed together, releasing many singles and albums which made them popular. The amazing duo also won many awards.

After the disbandment, Mr. P went solo and continued his music career, releasing a couple of songs that got a good reception. Some of his songs as a solo artist include; ‘Look Into My Eyes’, ‘Cool it Down’, ‘For My Head’, ‘Wokie Wokie’, ‘Ebeano’, ‘Zombie’, etc.

Other Endeavours

Apart from music, his other sources of income include his partnership with Empire, a distribution company based in the US, and a record label based in San Francisco. He also signed endorsement deals with Nutricima, Glo, Olympic milk, Adidas, KIA Motors, Afro beverage, Tecno, etc.

More so, he started a dance show called “Glo Dance with Peter” and runs a lottery club known as Zoom Lifestyle.

11. Rudeboy

  • Net Worth: $10.7 million
  • Age: 40
  • Industry: Music
  • Other Sources of Income: YouTube streams, Fire Department Inc
  • Best Known For: Psquare, Reason With Me

Paul Okoye, the twin brother of Peter Okoye who was in the former Psquare band has also made a name for himself as a solo artist in the music industry after the disbandment. However, his net worth as a solo singer under the name Rudeboy is a bit lower than that of his twin brother as he has an estimated net worth of $10.7 million.

Although he has released many songs, after the disbandment, his most popular track among the lot is ‘Reason with Me’. The video of the song was also ranked as the highest viewed music video on YouTube in 2019. Other notable songs he has released include ‘Nkemji Keke’, and ‘Fire Fire’.

Other Sources Of Income

Paul Okoye has also signed several endorsement deals like his brother and one of them was with MTN. More so, he sure makes a lot of money from his record label, Fire Department Inc.

12. Flavour

  • Net Worth: $10.5 million
  • Age: 37
  • Industry: Music
  • Other Sources of Income: Endorsement deals
  • Best Known For: N’abania, Ada Ada, Hallowed be thy name, Nwa baby

Flavour N’abania, aka the King of Grooves, is one of the prominent singers in Nigeria, and he is responsible for most of the grooves people use to get in the party mood during celebrations and in clubhouses.

He actually started his music career at age 13 when he began to play musical drums. He later enrolled in training and became a professional drummer, he also went on to start playing the piano. In 2005, he released his debut album ‘N’abania’, which preceded the second album, ‘Uplifted’ in 2010. Other successful albums he has released are, ‘Blessed’, ‘Thankful’, and ‘Ijele’ in addition to many other singles and collaborations.

Other Endeavors

Apart from music, his wealth comes from partnerships and endorsement deals. He is a brand ambassador for Tummy Tea, Life Larger beer, MTN Nigeria, and Bullet energy drink. Flavour also owns a clubhouse called 2nite club and a record label – 2nite Music Group where most of his music is made.

13. Banky W

  • Net Worth: $9 million
  • Age: 40
  • Industry: Music
  • Other Sources of Income: Brand endorsement, acting, Empire Mates Entertainment
  • Best Known For: Yes/No, Made For You, The Wedding Party

The Nigerian John Legend, Banky W was actually born in the United States and kickstarted his music career in his local church during his early years. He eventually grew with the passion to create a music career as he started his own record label called Empire Mates Entertainment back in 2002. However, it is believed that he was able to get a breakthrough in his career when he relocated to Nigeria in 2009 which was followed by him dropping the hit single ‘Yes/No’ and several other songs.

He recently dropped a single – ‘Final Say’, a song which he opined was a testimony song as God answered his family and gave them a child after long years of pain and shame that comes with waiting.

Other Endeavours

Apart from his music, Banky W has also ventured into acting and played the lead role in the critically acclaimed 2016 film, The Wedding Party. Again, he owns the Empire Mates Entertainment record label which he rebranded into a talent company in 2018, managing talents like Ebuka, Adesua Etomi, and Toolz. The company also does advertisements and other promotional work.

14. Ali Baba

  • Net Worth: $8 Million
  • Age: 55
  • Industry: Comedy
  • Other Sources of Income: Master of ceremonies, acting
  • Best Known For: January 1st Concert

Richest Artists
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Ali Baba is a veteran of the comedy industry in Nigeria as he ventured into it back in the early 1990s when it was not a popular ‘job’. As of then, he had intentions to go to Law School but changed his mind to delve into comedy full-time. He would even go on to register his comedy company, Alibaba Hicuppura 3rd some years later and in 1998, he erected billboards at strategic places in Lagos with the words: Being Funny Is Serious Business.

This comedy icon has over the years anchored several ceremonies across the country. He is also popular on the international scene for which he was inducted into the Johnnie Walker ‘Striding Man Society’ and has been featured on CNN (African Voices).

Other Endeavours

Apart from his work as a comedian, Alibaba has also ventured into acting as he can be seen in a handful of movies which include, The Wedding Party and Alakada. He is also paid for being a guest speaker at several events across the country.

15. Patoranking

  • Net Worth: $7.5 million
  • Age: 31
  • Industry: Music
  • Other Sources of Income: Endorsement deals, The Voice Nigeria
  • Best Known For: Alubaruka, Girlie o, My woman

I guess you are already humming ‘Alubaruka’ or ‘My woman’ right now. Let’s talk about the reggae-dancehall artist who has decorated the music industry with good hits over the years. He is also one of the coaches at ‘The Voice Nigeria”, a phenomenal talent show in Nigeria with millions of views worldwide and many attest to the fact that he is one of the artists who make the show fun.

This music icon who has garnered so much fame in just a couple of years in the music scene is actually a native of Ebonyi State. He released his debut studio album “God over Everything” in 2016, the same year he was announced as one of the judges in “The Voice Nigeria”. Prior to that, he had released singles such as “Iya Bisi”, “My Woman, My Everything”, “Girlie O”, “Alubarika” and others.

Other Endeavours

Asides from music, he also earns from endorsement deals, side businesses, and TVN. He is the brand ambassador of Hennessey, Skyy Vodka, and WorldRemit.

16. MI Abaga

  • Net Worth: $7 million
  • Age: 39
  • Industry: Music
  • Other Sources of Income: Endorsement deals, businesses
  • Best Known For: One Naira, Teaser, Jungle

MI Abaga cannot go without being mentioned as one of the richest artists in Nigeria as he is definitely one of the best rappers. He is also one of the pioneers of rap music in the country. By pioneer, we don’t mean “first to rap” but first to make much money out of it.

The legendary rapper whose birth name is Jude Abaga hails from the clergy family of, Pastor and Mrs. Abaga from Taraba State. His mum played a notable role in his music career as she bought him a piano during his early years which ignited the passion for music. His career would officially start in 2003 when he began making mixtapes with his friend. He then released his debut album “Talk about it” after the hit single “Safe” got him some popularity. He has since continued releasing widely acclaimed singles, making a name for himself in the industry.

Other Endeavours

Apart from music, he makes his money from endorsement deals. He was previously a brand ambassador for Gillette and Hennessey but now an ambassador for Martell Cognac. He is the founder of Loopy Records and Incredible Music record labels after he left Chocolate City in 2020. However, there are speculations that his company is only a branch of Chocolate City Group.

17. AY

  • Net Worth: $6.5 Million
  • Age: 49
  • Industry: Comedy
  • Other Sources of Income: Acting, writer, producer, director, radio, and TV presenter
  • Best Known For: AY Live & AY Comedy Skits

Ayodeji Richard Makun who is popularly known by his stage name A.Y is a foremost comedian in Nigeria. The talented comedian has not just made a name in the industry but plays a major role in helping upcoming comedians to have a platform where they can showcase their talent via the AY Live Show.

With regards to AY’s early years as a standup comedian, it’s gathered that he started off as the personal assistant of Ali Baba and from there, he wrote ‘A.Y Wire’ as a guest columnist for The Sun (Nigeria). He also gained a lot of popularity when he started the A.Y Live Show in 2010 and a few years later, in 2013, the TV series, A.Y’s Crib was launched.

Other Endeavours

Apart from comedy, AY also makes a reasonable amount as an actor and he has been featured in several critically acclaimed films. Some of his notable film appearances can be seen in the likes of 30 Days In Atlanta, 10 Days in Suncity, and The Wedding Party amongst several others.

More so, the comedian serves as a presenter on several prestigious functions, and as a businessman, he owns the hotel, MVP Lounge. AY has also landed several endorsement deals with top brands like Glo, Peak, Western Lotto, Unilever Plc, etc.

18. Tiwa Savage

  • Net Worth: $6 million
  • Age: 41
  • Industry: Music
  • Other Sources of Income: Endorsement deals, acting
  • Best Known For: Eminado, Once Upon A Time, Kele Kele Love

Tiwa Savage who has consistently shown up in the music scene, releasing albums, singles, and a lot of collaborations with important artists is not only among the richest artist in Nigeria but she is also the richest female musician in the country with an estimated $6 million to her. The stunning lady was born in Isale Eko, Lagos State but relocated to London at 11 with her parents where she learned music skills and started out as her school trombone player in their orchestra.

She graduated from music school in London and became a backup singer for notable artists, including Mary J Blige. However, she decided to come back to Nigeria to start her own music career. She released her debut studio album “Once Upon a Time” in July 2013 and it received a wide range of accolades. She currently has 4 albums and several singles which have topped the chart over the years.

Other Endeavours

Tiwa rakes in a lot of money for being a brand ambassador to brands like Mega Growth Nigeria, Pepsi, Maggi, Twisco, etc. More so, she has featured in a couple of movies over the years which include Shuga (Season 3) and Jenifa’s Diary (Season 3).

19. RMD

  • Net Worth: $5.8 Million
  • Age: 59
  • Industry: Movie
  • Other Sources Of Income: RMD Productions, White Water Limited, Politics
  • Best Known For: Behind Closed Doors, 30 Days in Atlanta, Love Is War

Richard Mofe Damijo is a veteran in the Nigerian movie industry and his early film appearances can be traced back to the 80s sitcom, Ripples. This was a movie he made as a fresh graduate from the university but it is known that he had tried his hands on journalism working with Concord Newspaper and Metro Magazine. With the success he recorded in his first TV appearance, RMD decided to focus on acting and he was seen in several other films subsequently. He would even go on to try his hands on writing and production when he worked on Out of Bounds in 1997.

With over 200 film appearances, it’s no surprise that RMD is also a recipient of several awards. He is also one of the first persons to receive an award from the African Movie Academy Awards during its maiden edition in 2005.

Other Endeavours

The veteran actor is the owner of a renowned production company, RMD Productions which has 2 subsidiaries RMDtheactor and RMDtvng where creative content is produced for both TV and radio. RMD is also the founder of the PR outfit White Water which handles public relations consultancy.

20. Kcee

  • Net Worth: $5 million
  • Age: 42
  • Industry: Music
  • Other Sources of Income: Business, endorsement deals, political appointment
  • Best Known For: Limpopo, Pull Over, Take Over

Kcee, the Limpopo master, is one of the successful music artists in Nigeria who has made money in the industry, though not all his fortune can be traceable to music. His brother E-money, is a popular billionaire.

However, all was not rosy for this Nigerian superstar as he is known to have led a normal life in Ajegunle, Lagos State, where he was born. That was also where he started to explore his abilities as a musician singing at his local church. He later entered a talent competition with his friend which they won and in the years that followed, the duo sang together until 2011 when they split.

As a solo artist, he released his debut album “Take Over” in 2013 and “Attention to Details” in 2017. However, his hit tracks include singles like Limpopo, Pull Over, and Reggae Blues.

Other Endeavours

He has alongside his brother, built sustainable businesses which accounts for his massive wealth. KCEE also rakes in substantial amounts as a brand ambassador and he has represented brands like MTN, AirPeace, Magnum, and Western Lotto.

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