Top 10 Richest Musicians in Nigeria 2025
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Aniekeme BasseySEO Content Writer|| Lifestyle Content Writer|| Content Editor
The Nigerian music industry is the second largest in Africa and home to some of the best musicians from modern times.
According to a press release by Premium Times, Nigeria is estimated to be home to over 500 music producers and about 1000 record labels.
Over the years, Nigerian music has become a major way through which cultural values are passed down using popular music genres like afrobeat, fuji, hip-hop, and afro-fusion.
Globally, Nigerian music has risen to such heights that it is now common to hear that a Nigerian musician like Burna Boy has won more than one Grammy award.
The above shows the importance of Nigerian music to the world at large.
Thus, the research for this article was done using objective metrics as criteria for choosing the top 10 richest musicians in Nigeria.
Selection Criteria for the Top 10 Richest Musicians in Nigeria 2025
In order to accurately ascertain who the top 10 richest Nigeria Musicians are, the following criteria will be employed:
- Streaming revenue: This refers to the amount of money a musician makes each time their songs are streamed on different streaming platforms like Spotify, YouTube, etc.
- Endorsement deals: Endorsement deals are paid services whereby a person (typically a public influencer) publicly shows support for a brand, thereby endorsing the brand, presenting it as valuable and trustworthy in advertisements.
- Concert revenue: Concert revenue refers to the total amount of money that a musician makes from live music events. This includes money generated from the sale of tickets, merch, and sponsorships.
- Business ventures: Business ventures refer to the creation of a business or the expansion of an existing business with the aim of solving a problem and satisfying a market need.
This article reveals the wealth and influence of Nigeria's top 10 richest musicians as of 2025, thereby separating upcoming artists from well-established ones.
1. Burna Boy (Net worth - $100 Million)
Damini Ebunoluwa Ogulu, popularly known as Burna Boy, is a 33-year-old Nigerian singer and producer.
Burna Boy ranks as the richest Nigerian musician in 2025. Burna Boy's debut hit song, Like the Party, released in 2012, gained the attention of music lovers all over Nigeria.
Burna Boy founded his own record label, Spaceship Entertainment, in 2015 after leaving Aristokrat Records in 2014, establishing himself as an entrepreneur and music producer.
In 2017, Burna Boy signed a record deal with Atlantic Records in the US to release his third album, Outside.
Burna Boy has received numerous awards, some of which include:
- Best International Act at the BET Awards (2019)
- Apple Music Up Next Artist. Album of the Year (for African Giant) at the All Africa Music Awards
- African Artist of the Year at the Ghana Music Awards (2020).
- Best World Music Album (Twice as Tall, 2020), and a Grammy award.
Globally, Burna Boy is recognized as an activist who fights for social justice.
Burna Boy claims his music is significant as it is not only a means of expression for himself but also serves as a means of communicating the grievances of his people, calling the government to action.
Burna boy’s songs have millions of streams in top streaming platforms. A song like “Last Last” has about 471,640,862 streams.
Clacified ranks Burna Boy as the richest musician in Nigeria because the 'Last Last' coroner has accumulated a significant amount of money through various means.
Burna Boy's most popular tracks on Spotify, has over 8.1 billion streams and he is predicted to have earned at least $32,400,000 from these songs on Spotify given that the platform pays an average rate of $0.004 per stream.
On YouTube, one of Burna Boy's singles “Tested, Approved & Trusted” has about 28,000,000 streams, "Kilometre" has over 28,000,000 streams, and “B. D'OR featuring Wizkid” has over 32,000,000 streams.
Given that Youtube pays an average rate of $0.00067 per stream, Burna Boy makes nothing less than $56,214,400 from these few songs on YouTube.
Burna boy's streaming revenues from these streaming platforms is predicted to be around $88,614,400.
Burna boy has also signed endorsement deals with big brands like Chipper Cash, Apple Music, Hugo Boss, Burberry, Pepsi etc contributing over $3.2 million annually adding to Burna boy's net worth and wealth.
In addition to Burna boy's streaming revenue, Burna boy usually get about $1 million per international performance.
He also get about 20% to 30% from all artists signed with his record label spaceship entertainment .
As you can see, Burna boy has made lots of money from endorsement deals, record label, song streams, and live performances adding to his wealth and net worth.
Currently, Buna boy's net worth is estimated to be about $100 million ranking him #1 on our list of top 10 richest musicians in Nigeria.
2. Davido (Net worth - $90 Million)
Ranked second richest musician in Nigeria is David Adedeji Adeleke, popularly known as Davido.
Davido was born on 21 November 1992 in the US and raised in Lagos, Nigeria.
The Owo coroner is a songwriter and producer credited with being a Nigerian artist who took Afrobeats to a global audience.
Davido has been active in the Nigerian music industry since 2009. However, he only got his big career break in 2012 when he released Dami Duro.
In the same year, Davido signed an endorsement deal worth ₦30 million with MTN, another telecommunication brand.
A year later, he scored another endorsement deal with Guinness Nigeria.
He founded his record label Davido Music Worldwide (DMW) in 2016 after signing a contract deal with Sony Music, thereby creating wealth for himself as an entrepreneur, coupled with his rich background.
Some other endorsement deals Davido has gotten include ambassadorship roles with Infinix Mobile, 1xBet, Martel, and Puma.
In 2019, New Africa Magazine listed Davido as one of the most influential Africans.
Globally, Davido is referred to as a Nigerian culture ambassador, a role he is passionate about and carries out through his musical expressions in Afrobeats.
Davido is a very popular musician in Nigeria. Though Davido and Wizkid, his colleague in the music industry are currently beefing, Davido's songs are still flying with lots of streams in top streaming platforms.
Davido's songs on Spotify “Unavailable” featuring Musa Keys has been streamed over 190,847,828 times per month, “Fall” has been streamed 113,396,541 times per month and “Sensational” (a collaboration with Lojay) has over 107,840,588 streams per month.
Davido's top tracks on Spotify is estimated to have over 2.7 billion streams translating to $10,800,000 per month.
On YouTube, his official video for “Fall” has gathered 299,843,005 monthly streams, “If,” has over 194,913,729 streams, and “Unavailable,” has over 127,631,672 streams per month.
These few songs alone gives him a total revenue of $11,217,000 per month.
Davido makes more than $5 million annually from his endorsement deals with GAC motors and Maartell. He makes over $1 million from other endorsement deals with brands like pepsi, infinix, puma, etc.
Davido charges between $1 to $2 million for international performances. Davido was once invited to India to perform, he reportedly charged $10 million.
These has added up to Davido's huge net worth of $90 million ranking him #2 on our list of top 10 richest musicians in Nigeria.
3. Wizkid (Net worth - $75 Million)
Ayodeji Ibrahim Balogun, born on July 16, 1990. is professionally known as Wizkid and popularly known as Star Boy.
He is 34-year-old Nigerian Musician. Wizkid has been in the Nigerian Music scene since 2001, and his debut song Holla at Your Boy was released in 2010, garnering the attention of music lovers all over the country.
Leaving Banky W's Empire Mates Entertainment (E.M.E) in 2013, Wizkid established Star Boy Entertainment, his own record label, in the same year.
Due to his expertise and creativity as a musician, Wizkid has collaborated with multiple global musical artists, further strengthening his standing as one of the richest musicians in Nigeria.
Wizkid’s "One Dance" featuring Drake, released in 2016, broke many records, making Wizkid the first Afrobeat artist to make it to the Guinness World Record.
Over the years, Wizkid has released multiple songs and album including his most recent album Morayo, which he dedicated to his Mother.
WizKid’s songs are getting millions of streams in top streaming platforms like Spotify, YouTube, Apple, etc.
One of wizkid's famous song “One Dance” has crossed 1,103,946 daily streams and 3,532,318,075 monthly streams.
Other songs like “Essence” (featuring Tems)”, “Call Me Every Day”, and “Boom” have over 282,077,218, 156,610,368, 171,991,504 monthly streams respectively.
WizKids most popular tracks on Spotify has over 8 billion streams earning him $32,000,000 from these songs.
On youtube, his top songs like “Joro” has over 348,000,000 streams, “Essence” (featuring Tems)” has over 434,000,000 streams, and “Come Closer (ft Drake)” has over 193,000,000 streams.
Wizkid has made a total of 975,000,000 streams on YouTube from these few songs.
Looking at Wizkid's estimated monthly streams from his popular songs on Spotify, Wizkid makes nothing less than $32,000,000 from spotify.
Given that the platform pays an average rate of $0.004 per stream and $653,250.00 from YouTube with an average rate of $0.00067 per stream summing up to $32,653,250 per month just for these songs.
Additionally, Wizkid makes over $3 million annually from his endorsement deals with UBA. Tecno, etc.
Wizkid charges over $1 million per international show. He also gets about 20% to 40% from artists signed with his record label.
These deals, along with his streaming revenue, and live performances has added to Wizkid's net worth which is estimated to be about $75 million.
However, fans do argue that Wizkid is richer than Davido but, is that really the case? Well, we've taken time to break down their income streams to determine the richest between Wizkid and Davido.
4. Don Jazzy (Net worth - $73 Million)
Michael Collins Ajereh, popularly known as Don Jazzy, is one of the richest musician in Nigeria as of 2025. Don Jazzy was born on November 26, 1982, in Umuahia, Abia state.
Don Jazzy is a Nigerian record producer and musician who is reputedly one of the richest Nigerian Musician as of 2025.
Don Jazzy has been active in the music industry since 2002. In 2004, he co-founded Mo’ Hits Record with Oladapo Daniel Oyebanjo, another Nigerian musician popularly referred to as D’banj.
In 2006, Don Jazzy produced No Long Thing and Rundown. Two years later, Don Jazzy made a significant contribution to Wande Coal’s Mushin 2 MoHits, an album that was described as one of the best Nigerian-made albums ever.
Don Jazzy also worked as an in-house producer with Kanye West’s GOOD Music from 2011 to 2015.
In 2012, Don Jazzy founded the Mavins Record label, a major source of his wealth, and he serves as its Chief Executive Officer until today.
Many artists like Rema, Tiwa Savage (one of the most influential female artists in Nigeria), Johnny Drille, Rekado Banks, Korede Bello, etc., have hosted the Marvin Records banner adding to Don Jazzy's influence and wealth.
Over the years, some of the awards that Don Jazzy has won include:
- Producer of the Year awarded by Nigerian Music Awards in 2006
- Music Producer of the Year awarded by Nigerian Entertainment Awards in 2007
- Producer of the Year for Over The Moon, Mr Endowed, and Pop Something awarded by The Headies in 2011
- Producer of the Year for Dorobucci, awarded by The Headies in 2014
- Special recognition award awarded by City People Entertainment Award in 2015
- New Discovery Producer awarded by The Beatz Award TM in 2019.
Don Jazzy is mainly known as a producer and featured artists and many of the hit songs he's involved with are all released under Marvin his record label here are some of the hit songs:
“Overloading (OVERDOSE)” which has about 63,855,191 streams on Spotify, “Dorobucci (feat. Don Jazzy, Dr Sid, Tiwa Savage, Reekado Banks, Di'ja, Korede Bello & D'prin)” with over 13,253,678 streams, and “ Adaobi (feat. Don Jazzy, Reekado Banks, Di'ja, & Korede Bello)” which has over 4,501,128 streams.
Don Jazzy has over 170.2 million streams from his top songs on Spotify giving him $680,800 per month.
Just like Olamide, Don Jazzy has a music label called Marvins. Don Jazzy charges about 30% from artists signed in his record label.
Thee artitsts includes: Dr SID, D'Prince, Ladipoe, Johnny Drille, Rema, Crayon, Ayra Starr, Magixx, Boy Spyce, Bayanni, Lifesize Teddy, etc.
That's not all, Don jazzy has also signed endorsement deals with top brands like MTN, Loya milk, etc.
He makes about $1 million annually from his endorsement deals, which has added to his net worth of $73 million placing him #4 on our list of top 10 richest musicians in Nigeria.
5. Olamide (Net worth - $65 Million)
Olamide Gbenga Adedeji, popularly known as Olamide Baddo, was born on the 15th of March, 1985. Olamide is a Nigerian singer, rapper, and songwriter.
Olamide is one of the most influential Nigerian artists in the country. Olamide creates music using both his mother tongue, the Yoruba, and English.
Olamide is the founder of YBNL, a record label that has signed other talented Nigerian artists like Fireboy, Asake, Senth Music.
Prior to this, he was an artist managed by Toni Payne under the Coded Tunes record label. He left in 2012 to start YBNL, which has produced many influential artists such as Fireboy, Asake, etc.
In 2013, Olamide signed a deal with Cîroc, making him the first Nigerian to do so.
Olamide also stands out in top streaming platforms. His songs such as “Infinity (feat. Omah Lay)” has over 153,051,605 monthly streams on Spotify and “Amapiano” has 91,729,804 has over 45,997,431.
Olamide's most popular tracks on Spotify is estimated to have over 1.1 billion translating to $4,400,000.
On Youtube, “Infinity (feat. Omah Lay)“ has over 94,000,000 streams, “Carpe Diem” has 38,000,000 streams, and “Metaverse” has over 6,000,000 streams.
These songs alone gives Olamide over $4,492,460 monthly revenue. Additionally, Olamide is the owner of YBNL. He usually get 30% to 40% cut from artist who are signed with YBNL.
Currently, Olamide's net worth is estimated to be about $65 million ranking him #5 on our list of top 10 richest musicians in Nigeria.
6. Rema (Net worth - $22 million)
Rema is the sixth on our list of top 10 richest musicians in Nigeria. Rema was born on the 1st of May, 2000 in Benin City, Nigeria. He's popularly known for his afrobeat and hip-hop style.
Rema’s groundbreaking remix Calm Down” with Selena Gomez had over 1 billion views on YouTube.
On Spotify, “Calm Down (with Selena Gomez)” has over 1,594,532,422 streams per month, while the solo version of “Calm Down” has over 645,918,484 streams per month.
His other hit songs, “BUBALU” and “Soweto” (a collaboration with Don Toliver and Tempoe), has reached 206,927,371 and 182,238,551 streams respectively.
Rema's most popular tracks on Spotify has over 4.4 billion streams per month giving him over $17,600,000 as streaming revenue per month.
On YouTube, the remix of "Call down" he as over 1,000,000,000 streams, "Soundgasm" has more than 110,000,000streams, "Charm" also has more than 110,000,000 streams.
Rema makes nothing less than $18,417,400 from these songs every month.
Rema has also signed endorsement deals with top brands like, coca-cola, Pepsi, Jordan Brand, HP earning him over $1 million annually. Rema has won numerous awards including:
- Next Rated Award 2019
- African Artiste of the Year award 2023.
- Best Afrobeats Video award 2023
- Top Afrobeats Song award 2023
- Best Global Music Album for his project “Heis” 2025 (Grammy Awards).
Rema has made lot of money from shows charging over $150,000 per international performance.
However, Don Jazzy has a cut from these revenue since he is signed with Mavins Record label.
Rema"s net worth in 2025 is estimated to be about $22 million placing him #6 on our list of top 10 richest musicians in Nigeria.
7. Tems (Net worth - $21 Million)
Temilade Openiyi is also one of the richest musicians in Nigeria. She was born June 11, 1995, in Lagos state. Tems' smooth blend of R&B and Afrobeat has touched listeners around the world.
Tem has won numerous awards including: Best African Music Performance 2025, Best Melodic Rap Performance 2023, Afrobeats Artist of the Year 2023, Best International Act 2022.
Tems’ collaboration with Drake on “Essence” and “WAIT FOR U” made her more popular. Tems' songs on top streaming platforms has earned her millions.
On Spotify, “WAIT FOR U (feat. Drake & Tems)” has over 1,000,889,402 streams per month, while “Essence” and “Free Mind” has around 281,956,353 and 204,058,356 streams respectively.
Tems' most popular songs on Spotify is estimated to have 3.4 billion streams translating to $13,600,000.
Her top YouTube tracks, including “Me & U” has over 89,000,000 streams, “Free Mind” has 163,000,000 streams, and “Love Me JeJe” has around 38,000,000 streams.
Tems makes about $13,794,300 as streaming revenues from these songs.
Adding to Tem's streaming revenue, she has also signed endorsement deals with brands like Tommy Hilfiger a clothing brand in United State of America. Tems makes about $500,000 annually from endorsement deals.
Tems' net worth is estimated to be about $21 million.
8. Ckay (Net worth - $10 Million)
Chukwuka Ekweani popularly called Ckay was born on born 16 July 1995. Ckay is another top Nigerian musician who has made a name for himself in the Nigerian music industry.
Ckay has won lots of awards too. Some of which are: American music awards 2022, NRJ music awards 2022, Mobo awards 2021, Most streamed artist on spotify September 2021.
Just like other musicians on our list of top 10 richest musicians in Nigeria. Ckay’s top songs on Spotify, youtube and other streaming platforms has earned him numerous streams translating to millions.
On Spotify, his hit songs like “love nwantiti (ah ah ah)” has over 926,582,099 streams. His remix “love nwantiti (feat. Dj Yo! & AX'EL)” has around 633,241,007 streams, and others such as “emiliana” boast 253,513,849 monthly streams.
Ckay's top songs on Spotify has garnered 2.5 billion streams giving him $10,000,000 as streaming revenue from these songs on Spotify.
On YouTube, the remix of "Love nwantiti" featuring Kuami Eugene and Joeboy has over 848,000,000 streams, while the remix featuring DJ Yo & AX'EL has 198,000,000 streams, "Sad romance" has also garnered 201,000,000 streams.
Ckay makes nothing less than $10,835,490 from these songs making him one of the richest musicians in Nigeria.
Additionally, Ckay has signed endorsement deals with top brands like Polo Ralph Lauren Fragrance earning him over $500,000 annually
All thee revenues has contributed to Ckay's net worth which is estimated to be about $10 million.
9. Asake (Net worth - $9 Million)
Ahmed Ololade popularly known as Asake or Mr money is another top voice in Nigerian music industry. He was born on 13 January 1995 in Lagos, Nigeria. Though he's new, his songs speaks volume about his talent.
Asake has won several awards including; Outstanding International Song 2024, International Act 2024, Best New International Act 2024 etc.
His breakout hit “Bandana” has reached over 152,019,148 monthly streams on Spotify, while “Lonely At The Top” and “Terminator” has amassed 131,267,359 and 98,549,678 monthly streams respectively.
Asake's most popular songs on Spotify is estimated to have 1.8 billion streams per month translating to $7,200,000 per month.
On YouTube, Asake’s popular songs “Sungba,” “2:30,” and “Omo Ologo” has garnered over 150,000,000, 90,000,000, and 75,000,000 streams respectively.
Asaka has also earned from endorsement deals with brands like coca-cola, Glo Nigeria etc making over $500,000 per annum from his endorsement deals.
Asake makes nothing less than $7,411,050 from these few songs.
However, Asake is signed with YBNL music label owned by Olamide and Olamide gets 30% to 40% from Asake’s streaming revenues, album sales, endorsement, live performance, etc.
Asake's net worth in 2025 is estimated to be about $9 million ranking him #9 on our list of top 10 richest musicians in Nigeria.
10. Ayra Starr (Net worth - $7 Million)
Oyinkansola Sarah Aderibigbe popularly known as Ayra Starr is one of the newest voices in Nigerian music industry.
She was born on 4th June, 2002 in Cotonou but raised in Nigeria. Ayra Starr started her career as a model before joining music industry.
In 2019, Ayra Starr caught the attention of top record labels with her songs and later signed with Marvins label owned by Don Jazzi.
Ayra Starr has won several awards, including;
- MTV Europe Music Awards 2024
- African Entertainment Awards USA 2021
- African Muzik Magazine Awards 2021
Most of Ayra Starr’s songs are doing extremely well on Spotify and YouTube in terms number of streams.
For instance, “Santa” has over 623,176,815 monthly streams and “Rush” has over 442,088,010 streams.
Ayra Starr's popular songs on Spotify is estimated to have 2.5billion streams per month giving her $10,000,000 every month.
On YouTube, “Rush” (Official Music Video) has over 429,822,998 streams,”Commas” (Lyric Video) has 101,903,303 streams while ‘Sability” (Official Music Video) has around 57,381,053.
Ayra Starr makes around $10,394,701 as streaming revenue from these songs on Spotify, and youtube.
Ayra Starr has also signed endorsement deals with top brands like darling Nigeria, coca-cola, JD sport. These deals have earned her over $500,000 per year.
However, Don Jazzy gets a cut from all her revenues since she's signed with Mavins Record label.
Currently, Ayra Starr's net worth is estimated to be about $7 million making her the last on our list of top 10 richest musicians in Nigeria.
Conclusion
The wealth that each of these richest musicians in Nigeria has gathered has opened doors for Nigerian music in the global space, as it can be seen in the many collaborations that most of them have achieved with other influential musicians worldwide.
These richest musicians are on this list because they not only contribute to the top trending songs in Nigeria and Africa but also promote Nigerian culture to the world.
These factors have contributed immensely to their growth and emergence as the top 10 richest Musicians in Nigeria in 2025.
Lastly, it is worth noting that the list will keep changing as the music industry in Nigeria evolves.