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Top 10 RICHEST Musicians In Nigeria And Their Net Worth – 2019
Nigerian musicians are some of the richest musicians around the world. Some of them like Davido, Wizkid are known for buying some of their luxury items in cash whether in Naira, Dollar or Pounds.
Besides the Music Industry in Nigeria is so lucrative that making a monster hit can easily through you into a millionaire status if you weren’t already one. That explains why some of our music stars flaunt their affluence on social media.
Do you wonder how much much your favourite Nigerian musician is worth? Then you are reading just the right article, as we will outline the top 10 richest musicians in Nigeria and their estimated net worth in Naira.
The figures of their net worth are drawn from cumulative wealth, gig fee, endorsements and probable investments by these artists in the past 12 months.
Below is the ranking of Nigerian music stars according to their net worth.

10. Banky W
On the 10th spot is Mr. Olubankole Wellington widely known by his stage name Banky W. The R&B singer is a top Nigerian artiste who commands both influence and the money too. Last year the EME boss declared his interest to run for the office of the Member House of Representatives for Eti-Osa Federal Constituency. He did run and came 1st runner up on the platform of a relatively unknown party. Before the politics, Banky W has huge brand influencer and ambassador for multinational companies like Samsung, Uber, etc with benefits running in millions. He is happily married and has other interest in acting, film production, event host, and public speaking. His estimated net worth is put to be around N1.5 billion.

9. Flavour
Contemporary highlife king Flavour takes the next slot right after Banky W. The ‘Ada Ada’ crooner is a big toast in Eastern Nigeria where he hails from. Flavour is one of the busiest Nigerian music stars as he plays at least 3 to 7 shows every week with a high service charge. The athletic singer is a brand ambassador for Bullet Energy drink, Life Lager Beer, etc. The estimated net worth of Flavour is pegged at around N3.7 billion.

8. Timaya
Nigerian dancehall star Enitimi Alfred Odom better know as Timaya takes the number 8 position in our ranking. The DM Records boss tries to keep a low profile but he is very much as far as entertainment in Nigeria is concerned. The Bayelsa born singer according to insiders takes home about 8 million Naira to do his job at any occasion he is called upon to perform. At the moment the ‘Balance‘ crooner has running endorsements deals with Nigerian TeleCo Glo and Cognac brand Hennessy all worth several millions of Naira. A few months back to last December the singer was buying new cars for his associates and himself to celebrate the festivities. Timaya’s estimated net worth is put at N5 billion.

7. Rudeboy (Paul Okoye)
Paul Okoye aka Rudeboy is a former member of the sensational music duo Psquare. He occupies the number 7 spot. Paul Okoye and his brother Peter used to rule the African music scene until they split two years ago. PSquare was among the top three richest musicians in Africa before the separation. The music group used to charge the highest fee for a gig by any Nigerian artist, that has somehow changed as he stands alone. These days, the ‘Reason With Me‘ hitmaker embarks on tours across Europe and America with his brother and kills the shows notwithstanding. His estimated net worth valued at about N5.8 billion.

6. Mr. P (Peter Okoye)
It has been about two years since Peter and Paul Okoye former members of P Square split up. Before now the duo used to be higher up in the rankings as their net worth was calculated together. However, after the split Mr P still got the bag secured. The singer is a brand ambassador to brands like Olympic Milk, Kia Motors, Tecno, etc. The dancer cum singer has a new clothing line he calls ZIP, much of the business is awaiting official unveiling. As a solo artiste, he has toured Europe, America and has sold out shows which is very impressive. His estimated net worth is N5.9 billion.

5. 2Baba
This year 2Face aka 2Baba marked his 20 years of being in the Nigerian music industry in collaboration with Trace Naija. He is the 5th richest musician in Nigeria according to our list. The 43-year-old singer is very likeable by his colleagues both young and old. His goodwill and mature demeanour have made him a magnet of brand endorsement deal from the likes of Glo, Campari, etc. 2Baba who is also popular for his number of children is a top real estate investor, especially in the nightlife business. As a consistent hitmaker 2Baba’s net worth is estimated to be about 6 billion Naira.

4. D’banj
Dapo Daniel Oyebanjo aka D’banj is about the best Nigerian entertainer out there any time he takes the stage to perform. The DB Records boss is a consummate brand ambassador to multinational companies. He is the CEO of CREAM Platform, which was valued to be worth about $100,000,000 by an American firm. D’banj charges a fortune to mount the stage anywhere to perform a figure of about N6 million he also made a runway debut in Johannesburg, South Africa. Last year he gave a rousing show at Global Citizen Festival Mandela 100 in South Africa last December. He is worth an estimated figure of about 6.2 billion Naira.

3. Don Jazzy
Ace music producer Michael Ajereh Collins better known as Don Jazzy is the CEO of Mavin Records, a record label that has buzzing act like Rema, Korede Bello, Dr Sid, D’Prince, Johnny Drille, POE, and recently Crayon etc. Recently, Mavin Records received millions of dollars in investment from Kupanda Holdings to help it expand to Mavin Global. Don Jazzy is number three on our list and one of the richest musicians in Africa. The highly revered music maker has other businesses outside music. He is a brand ambassador for Scotch Whisky Johnnie Walker. The beat maker’s net worth is valued to be around N8.7 billion.

2. Davido
David Adeleke is easily one of the richest musicians in Nigeria and Africa. The DMW boss a big name In African entertainment and his bank account sure supports the fact. The past year has been exciting for the singer has he bagged several international awards, performed on international stages while selling out shows around the world. His song ‘Fall’ became the first African music video to hit 100,000,000 views on YouTube. The song also made it to Billboard R&B/Hip-Hop Airplay Charts. He has endorsement deals with Infinix Mobility, AXE perfume, Travelbeta etc. Davido’s estimated net worth is put at about 9.2 billion Naira.

1. Wizkid
Sitting at the number one spot as the richest Nigerian musician is Ayodeji Ibrahim Balogun widely known as Wizkid. The past 12 months have been interesting for the Starboy as he raked in some millions of dollars which takes him to the top of our list. Last year he was paid $681,200 to perform in India at a Royal wedding at Umaid Bhawan Palace. In 2018 Wizkid sold out his Nike Starboy jersey merch twice, modelled for Dolce & Gabbana in Italy and Moschino. The ‘Fever‘ crooner is a brand ambassador for vodka brand Ciroc and he has customized Starboy Ciroc bottles. And for the record, the singer sold out the 20,000 capacity O2 Arena, London for his Afro Republik concert. Wizkid is one of the richest musicians in Africa according to Forbes ranking. His net worth has jumped in the past 12 months and it is estimated to be at about 9.8 billion Naira.
SOURCE: JAGUDA.COM
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News
Seyi Vibez Drops Fuji Moto Album Featuring Trippie Redd, French Montana, NLE Choppa & Olamide
Nigerian Afrobeats sensation Seyi Vibez has released his highly anticipated album Fuji Moto, a 14-track project that fuses Fuji rhythms with trap, street-hop, and melodic Afro-fusion. The album arrived on November 14, 2025, under EMPIRE, marking one of Seyi Vibez’s most ambitious creations yet.
Fuji Moto features standout international and local collaborations, including Trippie Redd, French Montana, NLE Choppa, and Nigerian rap icon Olamide. The project also includes several deep, introspective solo tracks where Seyi Vibez reflects on pain, resilience, spirituality, and his rise from the trenches to global acclaim.
Within hours of release, the album debuted at No. 2 on the Apple Music Nigeria Top Albums chart and quickly became Seyi Vibez’s most-streamed project ever on Spotify, reinforcing his status as one of the most influential voices in modern Afrobeats and street music.
With its blend of traditional Fuji influences and contemporary sonic experimentation, Fuji Moto cements Seyi Vibez’s reputation for pushing boundaries and representing the sound of the streets on a global stage.
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Abuja
Wike Presides Over FCT Exco, Launches New Waste Management System for Cleaner Abuja
The Federal Capital Territory Administration (FCTA) will commence a comprehensive new waste management regime across Abuja from Monday, November 17, 2025, as part of efforts to improve sanitation and restore environmental order in the nation’s capital.
The announcement followed the FCT Executive Committee Meeting held on Thursday and presided over by the Minister of the FCT, Nyesom Wike.
Briefing journalists after the meeting, the Coordinator of the Abuja Municipal Management Council (AMMC), Chief Felix Amechi Obuah, revealed that the Executive Committee had ratified and approved a memo appointing new contractors to handle waste collection and management across different districts of the FCT.
According to him, the approval also covers the procurement of basic waste treatment plants, alongside the maintenance and operation of supervisory utility vehicles to support the new regime.
Chief Obuah, who acknowledged widespread complaints about waste disposal in the capital, expressed optimism that residents would begin to experience a significantly cleaner and better-managed Abuja once the new system takes effect.
Also speaking, the head of the Satellite Towns Development Department (STDD), Hon. Abdulkadir Zulkiflu, disclosed that the Committee approved payment for the emergency evacuation of waste from open dump sites, waterways, and stream channels in the Dogon Gada community of the Abuja Municipal Area Council (AMAC).
He explained that a total of ₦111,913,176 was released for the execution of the cleanup contract.
In addition, the FCT Transportation Secretary, Hon. Chinedum Elechi, announced approvals for printing services for the Directorate of Road Transport Services. He added that funds have also been approved for the operation and maintenance of 34 existing traffic lights, as well as the installation of three new traffic light systems within the Federal Capital City.
Earlier in the meeting, the Chief of Staff to the FCT Minister, Hon. Chidi Amadi, reiterated Wike’s determination to maintain high environmental standards in Abuja.
“The Minister is very concerned about the waste management contract,” he said. “He is serious about it because it directly affects the cleanliness and overall image of the city.”
With the new waste management framework set to take effect next Monday, the FCTA says it is fully committed to delivering a cleaner, orderly, and world-class Abuja.
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Abuja
Senator Ned Nwoko Releases Voter’s Card to Deny Marrying Regina Daniels at 17
Senator Ned Nwoko, 67, has released what he claims to be Nollywood actress Regina Daniels’ voter’s card to debunk widespread claims that he married her when she was 17 years old.
The document, reportedly issued by INEC, lists Regina’s date of birth as 1998, suggesting she was 21 when the couple tied the knot in 2019 not 17, as previously alleged.
Nwoko shared the card on social media in response to Regina’s recent revelation that she was underage at the time of their marriage, alongside new allegations of abuse and drug exposure during their relationship.
In his rebuttal, Nwoko dismissed the accusations as false and malicious, suggesting that Regina’s statements were influenced by “substance-related issues.”
The controversy has intensified following claims of family confrontations and arrests, though no formal legal action has been filed by either side.
Regina, who has presented her international passport showing a 2001 birth year, maintains that she was 17 at the time of their union. The conflicting records have fueled online debates over document authenticity and the couple’s 46-year age gap.
Social media users remain divided, with some defending Nwoko’s evidence, while others question the motive and legality of the marriage. Many commentators have also called for privacy and due process amid the escalating feud.
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Abuja
Your anger misplaced, face those who scammed you — Wike’s aide tackles ex-Naval chief
Lere Olayinka, Senior Special Assistant on Public Communication and Social Media to the Minister of the Federal Capital Territory (FCT), has reacted to the controversy involving former Chief of Naval Staff, Vice Admiral Awwal Zubairu Gambo (retd.), over a disputed plot of land in Abuja.
In a post on his X handle on Wednesday, Olayinka alleged that the retired naval chief was deceived into buying land that had been officially designated for park and recreational purposes, not residential use.
According to Olayinka, rather than directing anger at the Federal Capital Territory Administration (FCTA) for enforcing land-use regulations, the former naval chief should focus on the individuals who sold him the illegal property.
“Vice Admiral Gambo was scammed. He needs to use his military might against the person who sold land meant for park and recreation to him to build duplexes — not FCTA officials carrying out their lawful duties,” Olayinka stated.
He revealed that the land in question was originally allocated to Santos Estate Limited in 2007 for park and recreation purposes.
Olayinka further explained that in 2022, the company applied to the then FCT Minister for approval to convert the land to residential use, but the request was declined. Despite this, the company allegedly went ahead to partition and sell the land to unsuspecting buyers, including the former naval chief.
“Santos Estate Limited had already sold the land to unsuspecting people, including the former Chief of Naval Staff, who is now building duplexes on it,” Olayinka noted.
“Like I said earlier, shouldn’t the former Chief of Naval Staff be more concerned with the person who scammed him, rather than using military might to hold on to a property on which he was duped?” he queried.
Reacting to comments made by Lt. Gen. Tukur Buratai (retd.), former Chief of Army Staff, Olayinka added:
“I read the statement made by the former Chief of Army Staff, Lt. General Tukur Buratai. As Director General of Rotimi Amaechi Campaign, Buratai has done his job.”
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Abuja
Badaru Defends Soldiers, Says No Officer on Lawful Duty Will Be Punished Over Wike Incident
Minister of Defence, Mohammad Badaru Abubakar, has assured that no officer or soldier performing lawful duty will face punishment over the recent altercation between military personnel and the Minister of the Federal Capital Territory (FCT), Nyesom Wike, in Abuja.
Speaking during the ministerial briefing to flag off activities for the 2026 Armed Forces Remembrance Day at the National Defence College, Abuja, Badaru reaffirmed the government’s support for security personnel executing their duties responsibly.
“We will always protect officers and our armed forces personnel on lawful duty. Any officer on lawful duty will be protected if he is doing his job lawfully and if he does it well,” he said.
The assurance comes amid tensions following a confrontation between Wike and a military officer who led soldiers to secure a disputed plot of land in Abuja’s Gaduwa district.
After the incident, a coalition of retired military veterans threatened to occupy the FCT ministry if any disciplinary action was taken against the officer, insisting he acted under a lawful directive.
On National Security Achievements
The Defence Minister also highlighted key achievements under the administration of President Bola Tinubu, noting that the armed forces have recorded major successes in counter-terrorism and internal security operations nationwide.
According to Badaru, within Tinubu’s tenure, troops have neutralised over 13,000 terrorists and criminals, arrested more than 17,000, and rescued nearly 10,000 hostages. He added that over 100,000 Boko Haram and ISWAP combatants and their families have surrendered.
“These coordinated operations have dismantled major terrorist enclaves, neutralised notorious bandit commanders, and restored peace to hundreds of communities, enabling displaced persons to return home,” he said.
Badaru also disclosed that in the South-South region, troops destroyed over 1,900 illegal refining sites, safeguarding vital oil and gas infrastructure.
He emphasized that the military’s growing operational capacity is supported by strategic modernization efforts, including the procurement of Armoured Fighting Vehicles (AFVs), Unmanned Aerial Vehicles (UAVs), and naval vessels.
“The signing of the Defence Industries Corporation of Nigeria (DICON) Act in 2023 marks a milestone in indigenous defence production, positioning Nigeria as an emerging hub for defence technology in the region,” the minister stated.
He further called for collective participation in the fight against insecurity, stressing a “whole-of-society approach” that involves government, civil society, traditional institutions, academia, and the private sector.
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