Meet Top 5 Richest Nigerian Musicians In 2019 – You Won’t Believe How Much Davido Tops Wizkid Now (With Pictures)

Music has always been day for Humans, right from the days the very first cave man arrived Earth. Music is know to smooth the soul of Men and take us to so many levels which we can’t describe, but at the same time, we all know that Musicians have fame, and fame comes with Money. But who is the richest?

Allow me the singular opportunity of introducing to you, Nigeria top 5 Richest Musicians!

hypothetically speaking, if you were asked who is the Richest Nigerian musicians in Nigeria, what will be your first answer? Allow, to give you concrete answers on the richest Musicians in Nigeria.

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Year after year, Hundreds of Nigerian artists through their music, artistically express themselves through music and released out hundreds of musics to the delights of millions across the globe, headlining shows and performing at some other concerts with major sold-out tickets.

Here are top 5 Richest Artistes and Their Net Worth in Naira

Timi Dakolo

richest musicians in Nigeria

Taking the 5th Position as Nigeria Richest Musician is Timi Dakolo.


Born: January 20, 1981 (age 36 years), Accra, Ghana
Nationality: Nigerian
Spouse: Busola Dakolo (m. 2012)
Record label: Sony BMG Music Entertainment
Albums: Beautiful Noise

Most Popular Musics
Iyawo Mi – 2014
Wish Me Well – 2015
Great Nation – 2011
There’s a Cry – 2011
Heaven Please – 2011
Let It Shine – 2011
The Woman I love – 2011
Love of My Love -2011
Raise The Roof – 2011
Yes I Do – 2011

Timi Dakolo, is the fifth artiste that made this list of 5 Most richest Nigerian Musicians. Timi Dakolo is a Nigerian singer. He was the winner of the inaugural season of Idols West Africa in 2007, and since then, there has been no stopping him.

With his victory, he got a recording contract with Sony BMG, in addition to other prizes Timi Dakolo. The ‘Wish Me Well’ crooner who is very well loved By Nigerians and other fans in the globe, is known for his love for luxury cars, since he owned in his garage, 2 cars worth millions.

Timi Dakolo owns a Chevrolet camaro, which is currently worth about N8.5 Million Naira and a range rover sport worth N23 million. In 2014, Timi, made headlines when he showed everyone how much he loved his wife Busola, by gifting her a valentine gift, a completed building, where the family currently lives.

Timi Made his money from music, he has been described by legendary musicians as a vocal powerhouse and he makes a lot of money performing at private and corporate events where he confirmed he gets paid handsomely. We discovered that Timi Dakolo is just one of the very few artistes in the country, who performed at a paid event almost every weekend in the year in almost all states of Nigeria. Timi Dakolo is estimated to have a net worth of about N1 billion Naira.

4. Olamide

richest musicians in Nigeria

Taking the fourth position as Nigeria richest Musician is Hip Hop artiste, Olamide.

His Original 😀 Name is Olamide Adedeji, but is known Nationwide by his stage name Olamide. However, some of his dieHard fans as Olamide Baddo.

Olamide is a Nigerian hip hop recording artist from Bariga, Lagos State. He is known to record most of his music in Yoruba, which is his native tongue.

Olamide : Hip-hop artist Info

Born: March 15, 1989 (age 28 years),
State: Bariga, Somolu, Nigeria
Awards: The Headies Award for Best Rap Single
Children: Batifeori Maximilliano Adedeji

Top Musics:
Owo Blow
Melo Melo
Who You Epp
Abule Sowo
Eleda Mi
Lagos Boys
Letter to Milli
Pepper Dem Gang
Story For The Gods
Yemi My Lover
I Love Lagos
Falila Ketan
Ghost Mode
Sere Ghetto


Olamide Baddo Sneh who is the ‘Abule Sowo‘ crooner, first signed a mega deal with telecommunications company Etisalat in the year 2013, which he later renewed in 2015, where his fame has rise 300% above when he sign his first deal.

Olamide Baddoo also did signed a deal with Ciroc which is reported worth close to N45 Million, which we all know is a lot of Money to have. In the year 2013, Not stopping there, Olamide became the brand ambassador for Guinness, and we were informed that the deal is worth several millions of Naira.

In 2014, he became the brand ambassador for SureBet 24/7, which is a huge online sport betting company for a whooping N20 million naira. Olamide is also the CEO of YBNL, a music label which currently houses Nigeria popular musicians like Adekunle Gold and Temmi Ovwasa.

Olamide also makes lot of Money from sold-out shows and concerts. The Hip Hop artist charges between N3-5million per show bookings. He is also the owner of two petrol filling stations and three houses.

One of his building is located on the island, while the other two are situated on the mainland. His luxurious home on the Island is reportedly worth a whooping N38 Million. The other two houses situated in Bariga are said to be worth over N20 Million each.

Olamide, who rose from grass to what he is today, show us his soft side, when he splash a whooping N6 Million on a Toyota Venza automobile for his producer. Olamide is also known to love Mercedes, and he currently owns a Mercedes G-Class worth N22 million, Range Rover sport worth about N15 Million and formerly owned a 2012 Model.


3. Wizkid



Born: July 16, 1990 (age 26 years),
State: Surulere, Nigeria
Albums: Ayo, Superstar, Chosen, In Love With a Lie
Awards: Teen Choice Award for Choice R&B/Hip-Hop Song,
Record labels: RCA Records, Empire Mates Entertainment, Starboy Entertainment, Disturbing London Records
Children: Boluwatife Balogun

Wizkid born Ayodeji Ibrahim Balogun, is a Nigerian recording artist, songwriter and performer, who has achieved Stardom both Nationally and Internationally.

Taking 3rd Position as Nigeria richest musician is Ayodeji Ibrahim Balogun, popularly known by his staged name, Wizkid. Wizkid made headlines when he purchased a house in Surulere worth about N15 million and also bought a Lekki home which is estimated at N65 million.

Wizkid, who made headlines as he welcomed his son with Baby Mama, signed a Mouth watering deal with Sony and owns his own record labels, Starboy Records and Starboy Worldwide.

Wizkid records Label Starboy houses ONLY five (5) musicians in total. He was a brand ambassador for MTN Nigeria, where he reportedly was paid N45 million before going over to MTN Nigeria competitors, Globacomm Nigeria, where he was reportedly been paid N120 million in contract deal.

We’re informed that Wizkid or Starboy as some of his female fans loved to call him, renewed two years Pepsi deal worth N140 million, and made over a million sales of his music. Starboy, is an avid lover of automobiles and has quite a few luxury cars in his garage which are worth Millions of Naira, some of his Automobiles include;

A Hyundai Sonata which costs about N6 Million,
A BMW X6 worth N11 Million,
Mercedes 2012 Compressor worth N9 Million,
Bentley reportedly worth N45 Million,
Porsche Panamera worth N15 million.

Wizkid has an estimated net worth of about N3.5 billion Naira Only 😀

2. Davido


Taking the 2nd Position as Nigeria Most richest Musician is Davido, the Skelewu Crooner.

DAVIDO is one Musician who seems to know no poverty, His Father, legendary Billionaire, Adedeji Adeleke is a Nigerian Business Man and founder of Adeleke University.

Apart from the thousand of foreign currencies, which includes US Dollars, Pounds and Euros he seems to always flaunts on social media, American born Nigerian singer, Davido a.k.a Son Of Mercy, has disclosed in one Video he self released on his social media profile that asides his numerous assets, he has $2million in his bank account, which we think might be his trust fund[just saying, there is absolutely no proof to this].

Davido, not been withheld by his Father wealth, Davido started his music career and there has been no stopping him since then. Davido is the brand ambassador for Closeup, Pepsi, he was also the former ambassador for telecommunications company MTN Nigeria, Guinness Nigeria.

However, his last deal which made him soar higher than Wizkid was a Sony endorsement deal, which was reportedly worth about $1 million Dollars, Not Canadians Dollars, But USSD Dollars.

Davido owns a Mansion in Lekki, which is reportedly worth about N120 million.
Known for his love for Automobiles, Davido owns some of the coolest rides among Nigerian Musicians. He owns fleet of cars, which includes;

Rolls Royce Phantom worth N100 million,
2015 Range Rover Sport worth N35 million,
2015 Audi worth N20 million,
Toyota Land Cruiser worth N28 million,
Mercedes Benz G-class AMG Series worth over N40 million,
Mercedes Benz Sedan AMG series worth over N50 million,
Porsche Carrera worth about N35-45million.

He is also the CEO of two mega successful music labels, HKN, co-owned with elder brother and DMW, solely owned by him. Davido is one Musician who is loved by Millions of Nigerians. Apart from his record breaking Music album, where he sells Millions of copies, Davido also performs in shows/concerts, record sales and royalties.

Davido has an estimated net worth of about Four Billion Naira (N4 billion.)

1. Psquare



Always known as the #1 Most richest Musicians in Nigeria, P-square, the twin are among the very best Music stars Nigeria has ever produce. They don’t have a single failed album since their rise to stardom in the late 2000.

P-Square are among the best Nigerian R&B duo. The identical twin brothers, Peter Okoye and Paul Okoye took 1st position as Nigeria richest Musicians, this position they’ve reserved for themselves since 2011. They produce and release their albums through Square Records.

However in December 2011, they signed a record deal with Akon’s Konvict Muzik label.

Peter and Paul Okoye, who are famously known as Psquare in Nigeria and around the globe, have stayed relevant in the music industry, where they have signed several mouth watering deals and headlining major shows and concerts.

The brothers, who are ambassadors to several brands, which includes Telecommunication company, Globacom Nigeria, the deal also came with a Mercedes Benz G Wagon and Range Rover vogue, which costs nothing less than N25 Million Naira, Olympic Milk alongside a paycheck of N250million.

They’re also Brand ambassadors to Skol beers and Kia Motors. These R&B dou are the richest musician in Nigeria. We were informed that the brothers charged up to $50,000 for shows.

When it come to housing, they reportedly own four houses, which includes;

An omole estate house,
An Ikoyi home,
A banana island home,
Apartments in Buckhead in Los Angeles, United States of America.

They however, bought the costliest Apartment in March 2018, which seems to have everything we ever needed in an earthly apartment.

Recommended: See Inside P-Square Amazing New House – NEVER Seen Photos

Paul Okoye owns a record label [which is called, Rudeboy Records] and is in a successful real estate business, while Peter, owns a budding football agency.

If you were to add all these achievements, including their sales of millions of albums, with their exotic cars, which is well worth over N200 million, you won’t be surprised as to why they’re the richest in Nigeria.

Psquare’s has an estimated net worth of N5 billion.