Top 10 richest Nigerian musicians in 2024, net worth and list of their cars

One thing about Nigerian musicians is that they generate substantial income from their craft. While many earn money through music, numerous artists have become extremely wealthy through their artistry.

Here is a list of some of the richest Nigerian musicians, their net worth, and the cars they own;

1. Davido – $90 Million

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Top 10 Richest Nigerian Musicians In 2024
Top 10 Richest Nigerian Musicians In 2024

Nigerian singer and leader of the 30BG gang, Davido, is considered the richest musician in Africa, not just Nigeria, with a net worth of over $90 million. Davido co-owns the HKN music record label with his brother and has signed many Nigerian artists.

He owns houses in Banana Island and a getaway mansion in Georgia, USA. Davido is also known for his exquisite taste in luxury cars, which include:

Top 10 Richest Nigerian Musicians In 2024
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  • 2019 Rolls Royce Cullinan
  • Bentley Bentayga
  • Bentley Continental GT
  • Porsche Panamera Turbo S
  • Range Rover Sports
  • Range Rover SV autobiography
  • Chevrolet Camaro GS
  • Audi R8
  • Audi Q7
  • Mercedes-AMG GLS63
  • Mercedes G-Wagon
  • Toyota Land Cruiser

2. Wizkid – $70 Million

Top 10 Richest Nigerian Musicians In 2024

The Nigerian singer’s net worth is valued at 15 billion Naira. Wizkid, who now owns Starboy Entertainment, has a 13 million Naira mansion in Surulere and another in Los Angeles. The Starboy also owns a private jet and boasts a collection of cars that includes:

Top 10 Richest Nigerian Musicians In 2024
Top 10 Richest Nigerian Musicians In 2024

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  • 2021 Rolls Royce
  • 2019 Lamborghini Urus
  • 2020 V-Class
  • Maybach
  • G-Wagon
  • Porsche Panamera
  • BMW X6 Crossover 

3. Don Jazzy – $55 Million

Top 10 Richest Nigerian Musicians In 2024
  • Porsche 911 Carrera
  • Bentley Continental 
  • Cadillac Escalade
  • Mercedes Benz E350

4. Burna Boy – $40 Million

The African Giant, Burna Boy, is another wealthy musician in the country, with a net worth currently valued at 12 billion Naira. Burna Boy has been in the music industry for years, and his success skyrocketed around 2018. Since then, he has become an international sensation, with numerous concerts and awards to his name.

Top 10 Richest Nigerian Musicians In 2024

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Burna Boy owns a massive multimillion-naira mansion in Lekki. Here are some of the cars he owns:

  • Red hot Rolls Royce Dawn Convertible
  • Ferrari 458 Italia
  • Bentley Continental 
  • Mercedes Benz G-Wagon

5. Timaya – $35 Million

Top 10 Richest Nigerian Musicians In 2024

Timaya is another popular Nigerian singer who has amassed significant wealth through his music. Known as the “plantain boy,” he has been in the Nigerian music industry for years, starting his career in 2005. Since then, he has made substantial progress, with a net worth valued at 5 billion Naira.

Timaya owns a 250 million Naira mansion in Lekki and boasts a variety of cars, including:

Top 10 Richest Nigerian Musicians In 2024
Top 10 Richest Nigerian Musicians In 2024
  • Porsche 911 Carrera
  • 2 Range Rover Sports
  • Mercedes-Benz G55 AMG
  • Mercedes-Benz GLE
  • Bentley Continental GT
  • 2015 Lexus LX570 
  • Used Lexus GX 460

6. D’banj – $30 Million

Top 10 Richest Nigerian Musicians In 2024
Top 10 Richest Nigerian Musicians In 2024

D’banj, popularly known as the “Koko Master,” is the sixth richest Nigerian musician, with a net worth of $30 million. He studied Mechanical Engineering at Oxford University in London before returning to Nigeria to pursue his musical career.

D’banj owns a house in Lagos, and his car collection includes:

  • $200,000 Worth Aston Martin Vintage
  • 2 Toyota Jeep
  • Toyota Hilux

7. 2Baba – $27 Million

Top 10 Richest Nigerian Musicians In 2024
Top 10 Richest Nigerian Musicians In 2024

The Benue-born music star is also among the wealthiest Nigerian singers, with a net worth exceeding 10 billion Naira. Starting his career with the Plantashun Boiz group, 2Face (also known as 2Baba) has grown into a reputable Nigerian musician and continues to thrive in his craft.

He owns mansions in Lagos Island, Festac, and Ikeja. Here are some of the cars he owns:

Top 10 Richest Nigerian Musicians In 2024
Top 10 Richest Nigerian Musicians In 2024
  • Chevrolet Corvette Coupe
  • Ferrari Coupe
  • Toyota Land Crusier Prado

8. Flavour – $23 Million

Top 10 Richest Nigerian Musicians In 2024
Top 10 Richest Nigerian Musicians In 2024

Flavour secures the eighth spot on the list with a net worth of $23 million. The Enugu-born singer is renowned as a Nigerian highlife/Afro-pop singer, songwriter, guitarist, recording artist, stage performer, and instrumentalist. Chinedu Okoli, as he is known, stands as a top earner in the music industry.

Among the cars the artist owns are:

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  • Lexus LX 570
  • 2014 Mercedes Benz G63
  • 2014 Range Rover Vogue
  • BMW X6
  • Rolls Royce Cullinan

9. Olamide – $21 Million

Top 10 Richest Nigerian Musicians In 2024
Top 10 Richest Nigerian Musicians In 2024

The list would be incomplete without mentioning popular Nigerian rapper, Olamide. Having been in the industry for years, he boasts a net worth of 7 billion Naira. As the YBNL music boss, Olamide has garnered extensive recognition both locally and internationally.

Olamide possesses two mansions in Lekki and Bariga, Lagos. Among the vehicles in his garage are:

  • Mercedes-Benz G-Wagon
  • Range Rover Sports V8
  • Rolls-Royce Phantom

10. Phyno – $20 Million

The Anambra-born and Enugu-raised rapper ranks among the wealthiest singers in Nigeria, with a net worth exceeding 6 billion Naira. Phyno possesses a 3-bedroom duplex valued at 170 million Naira in Chevy View Estate, Chevron Drive, Lekki, and another mansion in Enugu State. Recently Phyno acquired Brand New 2024 Maybach S680 worth N550million.

Here are some of the cars owned by the musician:

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  • Rolls-Royce Phantom
  • Lamborghini Gallardo Spyder
  • Polaris Slingshot
  • Bentley GT Coupe

List of Richest Musicians In Nigeria this 2023

  • Davido – $90 Million
  • Wizkid – $70 Million
  • Don Jazzy – $55 Million
  • Burna Boy – $40 Million
  • Timaya – $35 Million
  • D’banj – $30 Million
  • 2Face Idibia – $27 Million
  • Flavour – $23 Million
  • Olamide – $21 Million
  • Phyno – $20 Million

Conclusion

While not comprehensive, this list showcases some of the wealthy musicians in Nigeria, along with their estimated net worth and cars.

In case you missed it, check out the late Hebert Wigwe 10 Billion Naira Mansion In Queen’s Drive, Ikoyi, Lagos State.

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