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Top 10 Richest Musicians in Nigeria 2020 (Forbes)

In this article am going to discuss the top 10 richest musicians in Nigeria 2020, In the past, people see music as an indecent and unreliable profession but I must say that it is not true today there are countless number of Nigerian musicians that are making millions of dollars from their craft.

The music industry in Nigeria makes billions of naira yearly and has proven to be one of our major exports which is one reason we need to guide it jealously.

Our Nigerian musicians are living in an extravagant lifestyle, the life of Fame glamour, money, and flamboyance has become the order of their day and it is a life many of us and dreaming to live.

These generations of Nigerian musicians are so wealthy that some of them own private jets, expensive Gucci products, expensive cars, and properties worth millions of naira.

After a careful study and research, I present to you the top 10 richest musicians in Nigeria 2020

(10) PHYNO

Azubuike Chibuzor Nelson popularly known by stage name as Phyno is a famous Nigerian indigenous rapper, songwriter, singer, and record producer.

 

phyno

Phyno was born on 9 October 1986 in Abakpa-Nike, Enugu State in the Southeastern part of Nigeria, he is currently 33yrs old.

Phyno’s parents are from Anambra state but they reside in Enugu State, where Phyno was born and raised, after completing his primary and secondary school education, he attended Institute of management and technology (IMT) in Enugu, where he graduated with a National Diploma (OND) in public administration. Throughout his school days Phyno focused all his attention on music and Learn to play the drum and piano. 

No doubt Phyno is one of the richest musicians in Nigerian and he is currently number ten on our list of the top 10 richest musicians in Nigeria 20202 with an estimated net worth of 8.9 million dollars.

(9) OLAMIDE

olamide

Olamide Adedeji popularly known as Olamide is a famous Nigerian hip hop, indigenous rapper, singer, songwriter, recording artist and stage performer. He was born on 15th March 1989 in Bariga, Lagos State in the southwestern part of Nigeria. He raps and sings mostly Yoruba language, he often refers to himself as Olamide Badoo or the Baddest guy ever liveth.

 

After completing his secondary and primary education, Olamide went and studied at Tai Solarin University of Education in Lagos State, Nigeria.

In 2000 he decided to pursue a career in music, in 2010 he performed at the hip award, he is currently the CEO and chief executive officer of YBNL nations record level. Olamide is no doubt very wealthy and currently number nine on our list of the top 10 richest musicians in Nigeria 2020 with an estimated net worth of 9.2 million dollars 

(8) Banky W

Banky w whose real name is Olubankole Wellington is a famous Nigeria R&B singer, songwriter, record label owner, stage performer, actor, and model.

 

banky w

Banky was born on 27th March 1981 in New York City in the United States of America, he is currently 39yrs old. His father is from Badagry in Lagos State Nigeria while his mother is from Calabar, Cross Rivers State, Nigeria.

After the birth of Banky W his parents moved back to Nigeria, he began and completed his junior and secondary school education in Nigeria before proceeding to study industrial engineering in Rensselaer Polytechnic Institute, New York.

While in school Banky started his record label (E.M.E) in 2002, in 2009 he left the United States of America and returned to Nigerian to establish his himself as one of Nigerian top R&B singer.

Upon return to Nigerian Banky signed Wizkid and Skales to E.M.E record label. 

Through his music exploit Banky is one of Nigeria richest entertainers and he is currently number eight on our list of the top 10 richest musicians in Nigeria 2020 with an estimated net worth of 10 million dollars.

(7) TIMAYA

Inetimi Alfred Odon popular known by his stage name Timaya is a talented Nigerian singer, songwriter, stage performer and a recording artist, he was born on 15th August 1977 in Port Harcourt Rivers State, South part of Nigeria, and he is currently 42 years, Timaya hailed from Odi a small village in Bayelsa state. 

 

timaya

Timaya grew up in a large family of fifteen, he was the last of them all, his father was a banker while his mother was a trader. 

Timaya started his music career in 2005 and he is the founder of Dem Mama Record label. He came to limelight after the release of his hit single “Dem Mama” which also appeared on his first studio album.

Timaya is currently one of Nigeria richest musicians and he is number seven on our list of the top 10 richest musicians in Nigeria 2020 with an estimated net worth of 11 million dollars.

(6) FLAVOUR 

Okoli Chinedu was popularly known by his stage name Flavor N’Abania or simply Flavour is a Nigerian high-life/ afro-pop, Singer, songwriter, guitarist, instrumentalist, recording artist, stage performer, actor, model, and entrepreneur. Flavour was born on 23rd November 1983 in Achara layout Enugu State in the eastern part of Nigeria. He is currently 36yrs old, his from Umunze in Orumba South LGA, Anambra State Nigeria.

 

favour

Flavour is the first son of a large family consisting of four siblings and seven step-siblings, he has two daughters, one from his baby mama Sandra Okagbe and another from Anna Banner.

He attended Robinson primary school in Uwani, and college of the Immaculate Conception (C.I.C) all in Enugu State.

Flavor N’Abania is number six on our list of the top 10 richest musicians in Nigeria 2020 with an estimated net worth of 15million dollars 

(5) 2FACE IDIBIA 

 

Innocent Ujah Idibia popularly known as 2face and or 2Baba is a talented Nigerian R&B singer, songwriter, Philanthropists, recording artist, and entrepreneur who was born on 18th September 1975 in Jos, Plateau State, Nigeria. He is currently 44yrs old, 2face hailed from Idoma a small village in Edo state. 

2baba

After completing his primary and secondary Education 2face Idibia attended the Institute of management and technology (I.M.T) in Enugu and obtained a National Diploma (OND) in Business Administration management.

2face Idibia is very wealthy and currently number five on our list of the top 10 richest musicians in Nigeria 2020 with an estimated net worth of 17.5 million dollars.

(4) D’BANJ 

Oladapo Daniel Oyebanjo popularly known as D’banj is well known Nigerian top performer, he also addresses himself as Koko Master and Bangalee.

 

dbanj

He was born on 9th June 1980 in Zaria, Kaduna State, he is currently 40yrs old, D’banj hailed from Ogun State in the western part of Nigeria. His father is a military officer and wanted his son to follow in his footsteps, so D’banj was enrolled in the Nigerian military academy in Zaria after his junior and secondary school education, after three years D’banj rejected the Academy and disenrolled himself. During his stay in the Nigerian military school, he was a member of the elite drum corp of the Nigerian Army.

 D’banj is very wealthy and is number four our list of top 10 richest artist in Nigeria 2020 with an estimated net worth of 22 million dollar 

(3) DON JAZZY 

don jazzy

Michael Collins Ajereh popularly known as Don jazzy or Don Baba J is a prominent Nigeria record producer, singer, recording artist, entrepreneur, and philanthropist. He was born on 26 November 1982 in Umuahia, Abia State, Jazzy is currently 37yrs of age.

 

Don Jazzy began to play the drums and bass guitar at the age of twelve after developing an interest in music. Don jazzy attended Ambrose Ali University Ekpoma in Edo State and graduated with a BSc in business management. Don jazzy was the co-founder of the defunct record label Mo’Hits alongside D’banj. After the disbandment of Mo’Hits Don Jazzy Mavins records and he is the current CEO.

Don Jazzy is very wealthy and he is currently number three on our list of the top 10 richest musician in Nigeria 2020 with an estimated net worth of 29 million dollars.

(2) DAVIDO 

David Adedeji Adeleke David popularly known by his stage name Davido is a famous Nigerian recording artist, singer, and record label owner he was born on 21st November 1992 in Atlanta Georgia in the United States of America and was raised in Lagos State Nigeria.

 

davido

He is currently 27yrs old, his father Adedeji Adeleke is a prominent Nigerian billionaire, business magnate, founder of Adeleke University. Davido is originally from Ogun State in the southwestern part of Nigeria, after completing his primary and secondary education David attended Babcock University in where he graduated with a degree in music, his father paid the university to start a music department for an inaugural class as he was the only student.

He is currently the chief executive officer of the Davido Music Worldwide (DMW) record.

Apart from his father’s wealth, Davido is very rich and currently number two on our list of the top 10 richest musicians in Nigeria 2020 with an estimated net worth of 34 million dollars. 

(1) WIZKID 

Ayodeji Ibrahim Balogun professionally known as Wizkid is a well known Nigerian musician who was born on 16 July 1990 in Surulere, Lagos State in the southwestern part of Nigeria. He is currently 29yrs old, at the age of eleven Wizkid developed interest in music started pursuing his career.

 

Wizkid got admitted into Lagos state university but he later dropped out and focused fully in his music career. In 2009 he got signed to Banky W’s record label E.M.E. In 2013 he left E.M.E records and floated his record label Starboy Records. 

wizkid

Wizkid is very wealthy and occupies number one on our list of the top 10 richest musicians in Nigeria 2020 with an estimated net worth of 37 million dollars.

 

SEE ALSO

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