In 2025, the Nigerian music industry is thriving like never before, with top artists achieving remarkable financial success.
These musicians have produced chart-topping hits that resonate deeply with fans, showcasing a blend of traditional Afrobeat, hip-hop, and contemporary sounds. Their innovative approaches to music and marketing have propelled them into the spotlight, allowing them to sell out large venues across the country and even internationally.
These artists have expertly navigated the business landscape, securing lucrative endorsement deals with major brands, ranging from beverage companies to tech giants.
They have not only focused on their music careers but have also invested wisely in various ventures, including fashion lines and record labels. This combination of talent and shrewd business acumen has transformed them into multi-millionaires, making them influential figures in both the music industry and the broader cultural scene in Nigeria
Here’s a look at the 10 richest musicians in Nigeria this year and how they’ve managed to combine their love for music with incredible financial success.
| Rank | Musician | Net Worth | Key Albums/Singles |
|---|---|---|---|
| 1 | Davido | $70 Million | Omo Baba Olowo, A Good Time, A Better Time |
| 2 | Wizkid | $66.6 Million | Superstar, Ayo, Made in Lagos |
| 3 | Burna Boy | $65 Million | African Giant, Twice as Tall, L.I.F.E |
| 4 | Don Jazzy | $55 Million | Produced hits for D’banj, Wande Coal, Tiwa Savage |
| 5 | Olamide | $50 Million | Rapsodi, YBNL, Lagos Nawa |
| 6 | 2Baba (2Face Idibia) | $45 Million | Face 2 Face, Grass 2 Grace, The Ascension |
| 7 | Tiwa Savage | $40 Million | Once Upon a Time, R.E.D., Celia |
| 8 | Timaya | $40 Million | True Story, Gift and Grace, De Rebirth |
| 9 | Phyno | $30 Million | No Guts No Glory, The Playmaker, Deal With It |
| 10 | Flavour | $28 Million | N’abania, Uplifted, Thankful |
| 11 | D’banj | $25 Million | No Long Thing, RunDown Funk U Up, The Entertainer |
| 12 | Mr. P (Peter Okoye) | $18 Million | Solo hits: Cool It Down, For My Head |
| 13 | Rudeboy (Paul Okoye) | $18 Million | Solo hits: Reason With Me, Audio Money |
| 14 | Tekno | $15 Million | Old Romance, singles: Pana, Duro |
