Africans are household name in music, most of the richest African musicians are featured on the Forbes magazine.
The list is based on how much they charge per show, endorsement deals, investment, and also how popular they are in Africa and the world at large.
Here are the top 10 richest musicians in Africa and their net worth in 2020 in descending order.
(10) Hugh Masekela (South Africa)
Hugh Masekela was a south African trumpeter, flugelhornist, singer, cornetist and composer who has been described as the father of Jazz in South African. Even though he is late Masekela is still worth some chunk of money. He has released over sixty albums and won the international award by the BBC Jazz awards in 2002, also he won the legend award by MTV base music awards in 2016. Masekela has been nominated for Grammy awards for three consecutive times. In 2019 Google decided to honor his music legacy of Hugh Maseleka with Google doodle for his 80th birthday.
Net worth of Hugh Masekela
Hugh Masekela is number ten on our list of ten richest African musician with an estimated net worth of $1.5 Million
(9) Tinashe (Zimbabwean-American)
Tinashe is the female on our list and she is the richest musician in Zimbabwe. Tinashe was born on February 6th, 1993 in Kentucky, U.S.A. she is a singer, songwriter, dancer, record producer, and actress who happens to be a citizen of Zimbabwe.
She started her career in playing a role in children’s films cartoons and animated films. She was a member of all-girls’ group dancers and singers called the stunners between 2007 and 2011.
Tinashe is signed to Roc Nation record label and formerly to RCA records, she has released numerous songs and mixtapes which peaked at number 58 on the Billboard 200 chart and reached number 6 on the UK R&B album charts. She has won music artist of the year in Zimbabwe achievers award U.S.A.
Net worth of Tinashe
Tinashe is number nine on our list of ten richest African musicians with an estimated net worth of $6 million.
(8) Shatta Wale (Ghana)
Shatta Wale is a Ghanaian singer, songwriter, and record producer. He was born on 17th October 1985 in Accra Ghana. In 2019 Shatta wale was featured on Beyonce’s Lion king The Gift Album alongside other top African musicians.
Shatta wale is the brand ambassador of Guinness Brew in Ghana, Rush Energy drink among other
Net worth of Shatta wale
Shatta wale is number eight on our list of ten richest African musicians with an estimated net worth of $6.2Million.
(7) Jidenna (Nigerian- American)
Jidenna Theodore Mobisson is a Nigerian American rapper born on May 4th, 1985 in Wisconsin, the United States to a Nigerian father and an American mother.
Jidenna is a rapper, singer, songwriter and a record producer, he is currently signed to Janelle monáe’s Wonderland Records label and distributed through Epic Records.
Jidenna was been nominated for Grammy Awards in 2016 and won four awards on the Soul Train Music Awards which includes some of the year and best dance performance awards nominee
Net worth of Jidenna
Jidenna is number seven on our list of ten richest African musicians with an estimated net worth of $7 Million.
(6) Sarkodie (Ghana)
Sarkodie is a Ghanaian rapper, singer, and entrepreneur. He is by far the richest musician in Ghana. He is the owner of the record label called Sarkcess music record label and a fashion business called Sark Clothing.
Sarkodie happens to be the only Ghanaian on our top 10 richest African musicians.
The endorsements deals that bring him a lot of money on the table are with Samsung electronics and fan mill, he has also partnered Tigo telecommunications Ghana for the business which sponsored Sarkodie’s Foundation and his Rapperholic tour in 2013.
Sarkodie was the third richest musician in Africa as of 2015 and dropped three places to number six in 2020.
Net worth of Sarkodie
Sarkodie is number six on our list of ten richest African musicians with an estimated net worth of $7 million.
(5) Don Jazzy (Nigeria)
Don Jazzy is a Nigerian singer, record producer, and entrepreneur. He is one of the richest musicians in Africa who happens to drop from third to fifth position in 2020. Don jazzy was born on 26th November 1982 in Umuahia, Abia State, Nigeria.
In 2004 he co-founded a record label called Mo’Hits records label alongside D’Banj however after the disbandment of Mo’Hits he decided to start a new record label called Mavin’s records. Don Jazzy has won awards as producer of the year for four consecutive times.
Net worth of Don Jazzy
Don Jazzy is number five on our list of ten richest African musicians with an estimated net worth of $10 Million.
(4) Wizkid (Nigeria)
Wizkid is one of the richest musicians in Nigeria with a huge fan base. Wizkid started his music career at the age of eleven in a church choir, during that time he managed to release an album with the glorious five, a group he and his other friends founded.
In 2009 Wizkid was signed to banky w record label EME. Wizkid rose to prominence after the release of his song Holla at your boy. He left EME records and founded Starboy records in 2013.
In 2016 he started gaining international recognition after his single one dance with Drake, which debuted at no one at Billboards Top 100 songs and topped charts in 15 countries worldwide.
In 2018 Wizkid was featured in the Guinness World Records as the first afro-beat artist from Africa. Also in 2019 he featured on Beyonce’s Lion album the gift King on the single brown-skinned.
Most of the endorsement deals that bring him money are with MTN, Guinness, Globacom, and Pepsi.
Net worth of Wizkid
Wizkid is number four on our list of ten richest African musicians with an estimated net worth of $20 Million
(3) Davido (Nigeria)
Davido is with no doubt the richest musician in Nigeria. He was born on November 21 1992 in Atlanta
Georgia USA and grew up in Lagos.
Davido is the founder and CEO of DMW record label and also the co-owner of HKN music another record, He signed a record deal with Sony Music Entertainment.
Davido is from a wealthy family but he claimed that all his wealth is from music and endorsements deals, some of the endorsements deals that stand out for Davido are with MTN, Infinix mobile, and Guinness Nigeria.
Net worth of Davido
Davido is number three on our list of ten richest African musicians with an estimated net worth of $24 million.
(2) Black Coffee (South Africa)
Black Coffee is the richest musician in South Africa, he was born on 11th March 1976 in South Africa. Black Coffee is a DJ, record producer and owner of the record label Soulistic music record label.
Black coffee is widely known internationally and he has won many awards both nationally and internationally. Some of his awards include DJ Awards for breakthrough DJ of the year in 2015.
Net worth of Black Coffee
Black Coffee is number two on our list of ten richest African musicians with an estimated net worth of $60 Million
(1) Akon (Senegalese-American)
Akon is a Senegalese American singer, songwriter, record producer, actor, entrepreneur, and philanthropist. Akon was born on April 16th, 1973 in Missouri USA.
Akon owns two successful record labels Konvict Muzik and Konlive which houses big names such as Lady Gaga, T-Pain, R city among others. He has sold over 35 million sales on his songs and albums over the years. He has also produced songs for Michael Jackson and Snoop Dogg.
Akon has also taken two places in the Billboard Top 100 Chart twice and also has been nominated for Grammy Awards five consecutive times, in addition to that Akon has been featured in the Guinness Book of World Records as the number-one best-selling artist for master ringtones in the world.
Net worth of Akon
Akon is number one on our list of ten richest African musicians with an estimated net worth of $80 Million