This post is going to reveal to you who the top 5 richest male musicians in Nigeria are according to the Forbes list. Of course you know that Nigerians are never joking when it comes to making millions and the Nigerian music is one of the most accepted music worldwide which is no wonder we have Nigerian musicians who are millionaires if not billionaires.
Below we have the list of the top 5 richest male musicians in Nigeria from the least to the highest. keep on reading to find out who they are and how much they are worth.
5. 2Face (Innocent Idibia)
The fifth richest male musician in Nigeria is Innocent Idibia popularly known as 2face. 2face is a rich hip-hop artist in the Nigerian Entertainment Industry who has since been relevant and has maintained his presence on Forbes list of wealthiest musicians in the country. He has till this day remained one of the best hip-hop singers in the country at the moment. face or baba’s real name is Innocent Ujah Idibia. Formerly, he was part of a musical group called “plantashun boi” before he signed to Kennis Music Record Label.
It was at this point that 2face became popular after releasing some hit tracks with them. In fact, he was top richest musician in Nigeria and Africa for a long time before the likes of many new generation artist came on board. Innocent Idibia is regarded as a music legend and has produced many interesting songs that sold internationally and topped the musical charts. Till date, African Queen by Tu Face still remains evergreen since he released it.
Apart from singing, he owns his own record label “Hypertech”. Tu Face is also a business man whose assets and wealth speaks for him. Aside from his numerous endorsements, 2Baba charges for a show or event is about N2.5 million. He married Annie Idibia but also has other children he fathered from other women outside his marriage. His worth by Forbes is estimated at N15 billion.
4. D’banj
Koko master also known as D’banj is one of the few successful Nigerian musicians whose musical career made wealth for. His biological name is Oladapo Daniel Oyebanjo but on stage, he is known as D’banj. He was part of the famous MOHITS crew headed by his friend Don Jazzy before they split. Since then, the solo artist has not looked back and has made waves in the musical industry shocking people that said he won’t survive without the aid of Don Jazzy.
Although, you might notice that the koko master music isn’t as hotly pronounced as it was in the past, he is still valued by Forbes at N16 billion naira due to the fact that he receives endorsements from top companies in Nigeria. It is said that for D’banj to perform at an event, the organizers of the show must pay a whopping 5 million naira. This is huge and he performs on a weekly basis.
3. Don Jazzy
Don Jazzy is the richest music producer in Nigeria 2023. He is the founder and CEO of MAVIN record group which have produced many successful artists like Tiwa savage, Reekado Banks, Dr. Sid, Korede Bello, etc. His real name is Michael Ajere Collins and he, Wizkid and David were the only ones to be featured on Forbes richest African musicians 2023. As of writing this post, Don Jazzy has helped many people via his social media account and has remained top in the music business. It is said that Don Jazzy charges from N600,000 upwards to produce beatings for songs.
You can hear him provide back-up to most of the artist signed under his record label. He has various endorsement deals that is worth in millions. Don Jazzy also lives an expensive live style as his exotic mansion and cars supports his claim as musicians that has money in Nigeria. He has refused to marry but might do so soon. His net worth is estimated by Forbes at N17 billion naira.
2. Wizkid
The second Forbes richest musician in Nigeria 2023 is no other person than Wizkid whose real name is Ayodeji Ibrahim Balogun. He is now known as Starboy. How Wizkid became popular and successful can be traced back to the time he was under Banky W, i.e EME records. He featured with the likes of Drake, Tinie Tempah, and a host of other popular American artist songs. He has been nominated for a Grammy Awards, MTV base awards and has won the best musician in Africa award before. His music still tops the Billboard Hot 100 Music Chart as he performs not only in the country but tours America and Europe.
Wizkid charges 12 million to perform on stage if you contact his manager in the country but charges more as gig fee when called to perform outside the country. Wizkid is the founder of Starboy music record label. Wizkid like other musicians has signed endorsements that has helped increase his financial worth. Among those multinational companies he signed for are: Pepsi, Globacom and even with MTN in a deal worth N40 million. As a popular and rich celebrity, Wizkid lives a luxurious life-style. He has mansions both home and abroad. He also has cars, automobiles, houses and the artist net worth according to Forbes is said to be N20 billion in naira.
1. Davido
Davido is the current richest Nigerian musician 2023 according to Forbes magazine. He also featured on Forbes list of top 10 richest musicians in Africa 2023 and is also an international act. His biological name is David Adedeji Adeleke and he is the son to one of the wealthiest business men in the country, Dr. Adeleke. Most people think his father’s wealth is what He flaunts but it isn’t true as Davido is rich himself. He has won many awards since his emergence into the music industry.
Awards such as the Mobo award, best African Act etc. He owns his own record label which is also successful. He is known to release hit songs and has worked with other top singers in the country. The rich celebrity has signed with renowned world musical label SONY records. He is often called OBO and Since last year, David has toured the continent with his crew which he calls the 30 Billion Gang. One of his hit tracks “IF” and “Fall” have more than 60 million views on YouTube alone.
Davido in an interview said he racked up $1 million for those views alone. Davido has various houses, cars and assets. He is a director in his Dad’s company and he charges up to 10 million per show. He recently purchased a private jet and signed with Infinix as their brand ambassador with his current girl friend Chioma. His net worth as estimated by Forbes is N20 billion.
