Richest Musicians in Nigeria 2026: Net Worth Estimates
Who is the richest musician in Nigeria? Sourced net worth estimates for Davido, Wizkid, Burna Boy and more, who made each figure, and why they differ.
Contents
- Who is the richest musician in Nigeria in 2026?
- Richest Nigerian musicians and their estimated net worth
- Is there a Forbes list of the richest musicians in Nigeria?
- What is Mr Eazi's net worth?
- Why do net worth figures for Nigerian artists differ so much?
- How do Nigerian musicians make their money?
- How to judge any "richest musician" list
- Frequently asked questions
Quick answer On the best available estimates, Davido is usually named Nigeria's richest musician, with Celebrity Net Worth putting him at USD 100 million. The same site estimates Wizkid at USD 30 million, Burna Boy at USD 22 million and Don Jazzy at USD 15 million. None of these figures is audited, and Forbes has not published a current net worth ranking of Nigerian musicians.
Search "richest musician in Nigeria" and you will find lists that disagree by tens of millions of dollars. One popular list even put Mr Eazi at USD 1 billion. That number has no source behind it.
This page only uses figures from named sources, says who made each estimate and when, and leaves a name out when no credible estimate exists.
Who is the richest musician in Nigeria in 2026?
Davido, if you go by the most widely quoted estimate. Celebrity Net Worth, a US site that publishes celebrity wealth estimates, puts him at USD 100 million, far ahead of any other Nigerian artist it lists.
Two things are worth knowing about that number. First, the page was last updated in May 2024. Second, Davido comes from a wealthy business family, and estimates like this do not always separate an artist's own money from family wealth.
Richest Nigerian musicians and their estimated net worth
These are the artists for whom a named source has published a figure. They are estimates, not bank statements.
| Artist | Estimated net worth | Source and year | Main income |
|---|---|---|---|
| Davido | USD 100 million | Celebrity Net Worth, updated May 2024 | Touring, streaming, endorsements, his DMW label |
| Wizkid | USD 30 million | Celebrity Net Worth, updated July 2025 | Touring, streaming, endorsements |
| Burna Boy | USD 22 million | Celebrity Net Worth, updated July 2025 | Arena and stadium touring, streaming |
| Don Jazzy | USD 15 million | Celebrity Net Worth, updated July 2025 | Mavin Records, production, endorsements |
| Olamide | USD 10 million | Celebrity Net Worth, published August 2025 | YBNL label, streaming, shows |
| Tems | USD 10 million | Celebrity Net Worth, updated September 2026 | Songwriting, streaming, touring |
| Mr Eazi | No reliable estimate | None credible | emPawa Africa, music, investments |
| Rema, Asake, Tiwa Savage, P-Square | No reliable estimate | None credible | Touring, streaming, endorsements |
The order is by estimate only. Someone lower on this table could easily be richer in real life.
Is there a Forbes list of the richest musicians in Nigeria?
Not a current one. Most "Forbes list" posts you see on WhatsApp, TikTok and blogs cannot be traced to anything Forbes or Forbes Africa actually published.
- Forbes Africa, May 2017: published "Top 10 most bankable artists in Africa". It ranked Don Jazzy fourth, Wizkid seventh and Davido eighth, but it gave no net worth figures.
- The "2018 Forbes list": later articles repeated that same order with numbers attached: Don Jazzy USD 30 million, Wizkid USD 20 million, Davido USD 16 million. Kenya's The Star ran it in January 2019 without linking to any Forbes page, and those figures are not in the Forbes Africa article we checked.
- Forbes, 2023: Nigerian business outlet Nairametrics reported that Forbes projected Davido could earn more than USD 20 million in 2023 from royalties, brand deals, merchandise and touring. That is a year's earnings, not net worth.
So if a post says "Forbes says Wizkid is worth USD 132 million" or similar, ask for the link. There usually is none.
What is Mr Eazi's net worth?
There is no reliable estimate. The USD 1 billion figure that circulated online has no source, and no credible outlet has backed it.
What we do know: in October 2023, Mr Eazi publicly rejected a fan's claim that he was worth only USD 5 million, calling it "erroneously disrespectful", according to Ghana's Graphic Online. He did not give his own figure. His wealth is hard to estimate because much of it is tied to emPawa Africa and other private investments, which do not publish accounts.
Why do net worth figures for Nigerian artists differ so much?
Because nobody outside the artist's team sees the real numbers. Net worth is everything you own minus everything you owe, and for musicians most of that is private.
- Private companies: labels like DMW, YBNL, Mavin and emPawa do not publish full accounts, so their value is a guess.
- Income is not wealth: a tour can gross millions, but promoters, crews, venues, managers and tax take a large share before the artist sees anything.
- Debts and spending: cars, houses and jewellery are visible. Loans and running costs are not.
- Family money: some estimates mix an artist's own earnings with family wealth.
- The naira: the naira's sharp fall since 2023 changes dollar values of Nigerian assets from year to year.
- Copying: many blogs copy each other. One 2026 Nigerian list we checked gave Burna Boy USD 22 million in one paragraph and USD 12 million in another.
How do Nigerian musicians make their money?
Mostly from live shows, then streaming, brand deals and their own businesses.
- Touring: the biggest earner for top acts. Touring Data reported that Burna Boy's "I Told Them" tour grossed USD 15.5 million from its first 15 reported shows by June 2024. Gross means ticket sales before costs.
- Streaming and royalties: Spotify, Apple Music, Audiomack, YouTube and Boomplay, plus songwriting income.
- Endorsements: telecoms, drinks and fashion brands pay well for big names.
- Record labels and businesses: owning a label means earning from other artists' hits too, which is how Don Jazzy and Olamide built wealth beyond their own songs.
How to judge any "richest musician" list
- Does it name who made each estimate and when?
- Does it link to the source, not just say "according to Forbes"?
- Does it give one figure per artist, or contradict itself?
- Does it say the numbers are estimates?
If the answer to most of these is no, treat the list as entertainment. For more Nigerian pop culture explainers, see Nigerian slangs and their meaning and what "men mount" means.
Frequently asked questions
Who is the richest musician in Nigeria?
Davido is most often named, with an estimate of USD 100 million from Celebrity Net Worth. It is an estimate, not a verified figure.
Is Mr Eazi worth USD 1 billion?
No credible source supports that. No reliable estimate of his net worth has been published.
Who is richer, Wizkid or Davido?
Estimates put Davido well ahead, at USD 100 million against USD 30 million for Wizkid on Celebrity Net Worth. Neither figure is audited, so nobody outside their teams can say for sure.
What is Burna Boy's net worth?
Celebrity Net Worth estimated USD 22 million in its July 2025 update. His touring income suggests strong earnings, but his true net worth is private.
Does Forbes rank Nigerian musicians by net worth?
Not currently. Forbes Africa's 2017 ranking of bankable African artists had no net worth figures, and most "Forbes lists" shared online cannot be traced to Forbes.
Who is the richest female musician in Nigeria?
Tems has the only recent estimate from a named source that we found: USD 10 million from Celebrity Net Worth in 2026. We found no reliable published figure for Tiwa Savage or Ayra Starr.
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