Nigeria’s music industry is not only one of the most vibrant in Africa but also one of the most lucrative on a global scale. Over the years, Nigerian artists have taken Afrobeats and other indigenous sounds beyond the continent's borders, collaborating with some of the biggest international stars while headlining global stages. This immense growth has translated into wealth, prestige, and global recognition.
In 2025, according to Forbes, a new list of the richest Nigerian musicians has emerged, showcasing not just their musical achievements but their investments, endorsement deals, and entrepreneurial spirit. These musicians are not only talented performers but savvy business moguls with diversified portfolios spanning real estate, fashion, technology, and the beverage industry.
This article will explore in-depth the Forbes 2025 Richest Nigerian Musicians, highlighting their net worth, major income streams, assets, and how they have positioned themselves as global icons and business titans.
1. Davido – Estimated Net Worth: $120 Million
At the pinnacle of the 2025 list is David Adedeji Adeleke, famously known as Davido. His estimated net worth stands at a staggering $120 million, making him the richest musician in Nigeria as of 2025. Davido’s wealth comes from a combination of his successful music career, international tours, YouTube streams, and numerous endorsement deals with global brands such as PUMA, Martell Cognac, and MTN Nigeria.
Davido is also an astute businessman with investments in real estate both in Nigeria and the United States. He owns multiple properties, including a mansion in Banana Island, Lagos, and another luxurious home in Atlanta, Georgia. Davido is known for his collection of exotic cars, including a Rolls Royce Cullinan, Lamborghini Aventador, and Bentley Bentayga, not forgetting his private jet, which symbolizes his status as Afrobeats royalty.
2. Wizkid – Estimated Net Worth: $100 Million
Wizkid, born Ayodeji Ibrahim Balogun, follows closely with an impressive net worth of $100 million. Wizkid has long established himself as one of Africa’s biggest music exports. His collaborations with international artists like Beyoncé, Drake, and Chris Brown have catapulted him into global fame, ensuring his music is streamed billions of times globally.
Wizkid’s endorsement deals include Pepsi, United Bank for Africa (UBA), and Puma. He is also an ambassador for various luxury brands in fashion and alcohol. Wizkid owns houses in Lagos and Los Angeles and is a known lover of luxury cars, including a Mercedes-Benz G-Wagon, Lamborghini Urus, and Porsche Panamera.
3. Burna Boy – Estimated Net Worth: $80 Million
Damini Ebunoluwa Ogulu, known globally as Burna Boy, occupies the third spot with an estimated net worth of $80 million. The self-proclaimed African Giant has consistently released chart-topping albums, including the Grammy Award-winning Twice as Tall and the critically acclaimed Love, Damini.
Burna Boy's wealth is driven by international tours, performances at global festivals like Coachella and Glastonbury, and brand endorsements with Star Lager Beer and Nigerian Breweries. His recent business ventures in tech and fashion, alongside his real estate investments, have also contributed to his financial success.
4. Don Jazzy – Estimated Net Worth: $55 Million
Michael Collins Ajereh, popularly known as Don Jazzy, is not just a musician but one of Nigeria's most successful record label executives and music producers. With an estimated net worth of $55 million, Don Jazzy's wealth comes primarily from his Mavin Records label, which has been home to many chart-topping artists like Rema, Ayra Starr, and Crayon.
Don Jazzy also has endorsement deals, real estate investments, and tech startups in his portfolio. His role in shaping the Nigerian music industry cannot be overstated, as he continues to groom the next generation of superstars.
5. Olamide – Estimated Net Worth: $50 Million
Olamide Adedeji, better known as Olamide Baddo, is a pioneer in Yoruba rap music. With a net worth of $50 million, Olamide has made his mark not just as an artist but also as a record label executive through YBNL Nation. He is responsible for nurturing talents like Fireboy DML, Asake, and others.
Beyond music, Olamide has investments in the beverage industry and other business ventures, securing his place as one of the most influential and wealthy figures in Nigerian entertainment.
6. Tiwa Savage – Estimated Net Worth: $40 Million
Tiwatope Savage, known professionally as Tiwa Savage, remains the wealthiest female musician in Nigeria with an estimated net worth of $40 million. Known for her captivating blend of Afrobeat, R&B, and pop, Tiwa Savage has enjoyed international success, performing at global events and collaborating with A-list artists such as Brandy and Sam Smith.
Her endorsement deals with Pepsi, Maggi, and Tecno Mobile, coupled with her investments in fashion and cosmetics, have expanded her income streams, ensuring her place among the wealthiest in the industry.
7. 2Baba (2Face Idibia) – Estimated Net Worth: $45 Million
Innocent Ujah Idibia, popularly known as 2Baba, is a veteran of Nigeria’s music scene with an estimated net worth of $45 million. His timeless hit, African Queen, remains an iconic song across Africa. 2Baba’s wealth stems from his music career, real estate investments, and brand endorsements.
He is also known for his philanthropic works through the 2Baba Foundation, focusing on peace, youth development, and education.
8. Timaya – Estimated Net Worth: $40 Million
Inetimi Timaya Odon, popularly known as Timaya, has maintained a consistent presence in the Nigerian music scene. With an estimated net worth of $40 million, Timaya’s wealth comes from his music catalog, endorsements, and real estate ventures.
Timaya owns a lavish mansion in Lekki, Lagos, worth over ₦250 million and boasts a collection of exotic cars such as a Porsche 911 Carrera, Mercedes-Benz G55 AMG, and Range Rover Sport.
9. Phyno – Estimated Net Worth: $30 Million
Chibuzor Nelson Azubuike, known as Phyno, is one of the most respected Igbo rappers in Nigeria. His estimated net worth is $30 million, amassed from his music career, performances, and endorsement deals.
Phyno has real estate investments in Enugu and Lagos and owns luxury vehicles like a Bentley Continental GT and Rolls Royce Phantom, reflecting his taste for the finer things in life.
10. Flavour N’abania – Estimated Net Worth: $28 Million
Chinedu Okoli, popularly known as Flavour, rounds up the list with an estimated net worth of $28 million. Known for his mastery of highlife music, Flavour has captivated audiences both in Nigeria and internationally.
In addition to his music career, Flavour has secured lucrative endorsement deals with beverage companies and telecom giants. His assets include luxury vehicles like a BMW X6, Lexus LX570, and Mercedes-Benz G-Wagon, alongside properties in Lagos and Enugu.
Conclusion
The Forbes 2025 list of the richest Nigerian musicians showcases the evolution of Nigerian music from local to global dominance. These artists have not only captivated audiences with their music but have also diversified their income streams through smart investments, endorsement deals, and entrepreneurship.
Their stories reflect the vast potential of the Nigerian entertainment industry and continue to serve as an inspiration for emerging artists and entrepreneurs alike. As Afrobeats and Nigerian pop continue to conquer the global music scene, these artists will likely see their wealth grow even further in the coming years.
