Features

Top 5 Richest Afrobeats Musicians in 2023; Check Out How Much They Are Worth

BY Abena Dzaka October 19, 2023 8:36 PM EDT
Photo Source: Instagram/@davido, @wizkidayo

While several musicians earn a living through their talent, a number have amassed enormous riches and can bequeath their wealth to generations yet to be born.

Nigerian musicians are notable when it comes to strategically making a living off of their art. With the help of technological advancements and improvements in music production, music has effortlessly spread over the world and developed into a very successful business.

The African continent has demonstrated a strong interest in art and has, throughout time, excelled in the field, in keeping with international best practices when music is concerned. It is therefore not surprising to see the number of young stars making millions from their crafts. Here are five of Nigeria’s richest Afrobeats stars.

WizKid 

Wizkid, known in real life as Ayodeji Ibrahim Balogun, started his career as a singer and songwriter at a very young age. Additionally, he has collaborated with musicians like Drake and others and received international notoriety. With a Grammy Award under his belt, he is regarded as one of the top musicians in Nigeria and all of Africa. His assets are said to be in the region of $21 million.

Davido 

David Adedeji Adeleke OON, better known by his stage name, Davido, is a Nigerian-American singer-songwriter and record producer who became the first Nigerian musician to have a song featured in a FIFA World Cup single. For his music and studio albums, he has garnered a large number of nominations and awards. He is well renowned for his wealth and connections to wealthy relatives. His is believed to be worth $19.5 million.

Burna Boy 

Nigerian singer, rapper, and music producer, Damini Ebunoluwa Ogulu, is renowned for his distinctive blend of reggae, pop, and Afro music. His stage name, Burna Boy, is what most people know him to go by. In the United States of America, he signed with record labels like Warner Music Group and Bad Habit/Atlantic Records. He is reportedly worth $17 million.

2Baba (2Face)

Innocent Ujah Idibia, better known by his stage name 2baba, is a well-known and skilled musician in Nigeria. Not only is he well-known for his songwriting and singing, but also for his music production, activism, philanthropy, and business acumen. Idibia rose to fame in the music industry with his breakthrough song, African Queen in the early 2000s. $15 million is what has been credited to him in terms of assets.

 Olamide 

Olamide Gbenga Adedeji, commonly known by his stage name Olamide, has a net worth of $12 million. The rapper, singer, and music producer from Nigeria sings in both Yoruba and English. He is a seasoned singer who is well-known both domestically and abroad. He was the first Nigerian to sign an endorsement contract with Cîroc with his deal signed in 2013.