Do you know the net worth of the richest musician in Nigeria is a whopping ₦9 billion? Who is he, and what kind of cars he drives? Let’s find out!
The Nigerian music industry is not just successful locally but has also gained some level of respect and accolades across the border in nations including the United States of America, United Kingdom, and many other countries.
Music has really projected many people into the luxury lifestyle, and more musicians keep springing up very often. It will, therefore, be proper to get you the list of top 10 richest musicians in Nigeria and their Nethwort, as shared by the360report Are You Ready? Let’s go!
Here is the list of the top 10 richest musicians in Nigeria updated in 2020 according to their net worths;
|List of the top 10 richest musicians in Nigeria by net worth (2020)|
|S/N||Name and Stage name||Net Worth in Naira|
|1||David Adeleke (Davido)||₦9 Billion|
|2||Ayodeji Ibrahim Balogun (Wizkid)||₦7.2 Billion|
|3||Collins Michael Ajereh (Don Jazzy)||₦6.66 Billion|
|4||Daniel Oyebanjo Oladapo (D’Banj)||₦6.12 Billion|
|5||Innocent Ujah Idibia (2 Face)||₦5.76 Billion|
|6||Olamide Adedeji (Olamide Baddo)||₦4.32 Billion|
|7||Chibuzo Nelson Azubuike (Phyno)||₦3.96 Billion|
|8||Initime Alfred Odom (Timaya)||₦3.78 Billion|
|9||Peter (Mr. P) and Paul (Rudeboy) Okoye||₦3.6 Billion|
|10||Olubankole Wellington (Banky W)||₦3.46 Billion|
Are you supprised by the massive net worths? Now check out how they earned it and what kind of extravagant cars they own, starting from #10 star;
Top 10 richest musicians (artist) in Nigeria 2020 and their Nethwort.
#10. Banky W – ₦3.46 Billion
Banky W whose original name is Olubankole Wellington is a top African musician and also a great actor. He was born in the United States of America, but returned with his parents as a child to their homeland, Nigeria where he had his basic school. Banks W decided to move back to America; to have his higher education to return afterwards.
He came back to Nigeria and began singing in the year 2002 when he was about 21 years of age (born on the 27th of March, 1981). Banky W owned the popular Empire Mates Entertainment (E.M.E) record label which was dissolved and converted to a branding and advertising company; Banky succeeded in releasing five albums. He had featured in so many interesting songs and the popular ‘Wedding Party’ movie, and has also exhibited a strong leadership will in the 2019 Nigerian political elections where he ran for House of Representatives.
Olubankole Wellington is married to Adesua Utomi, the pretty Nollywood actress and they own a mansion along Admiralty way in Lekki phase 1, Lagos. He has bagged a lot of awards in the R&B music category since 2006. This star has not only conquered the music industry but has also battled with health and survived when he dealt with a skin cancer operation in 2017.
Banky W. cars
Although being one of the richest musicians in Nigeria, Banky W. does not show off so much about his personal belongings. He has once spotted driving his 2008 Range Rover Sport (₦90 million) and a Toyota Prado (₦37 million) another time. People expected he would drive fancier cars like many other celebrities but he felt “what good is owning a Rolls Royce, if I’m still paying rent on the house I park it in?”
#9. Peter and Paul Okoye – ₦3.6 Billion
The twin music artists who became stars from standing together to form the P-Square identity. They were born in November 1981; and had successfully built their music career. They effectively set up a band, but they are currently separated while the majority of fans still accept them as one bond. P.Square 9th on the list of the top ten richest Nigerian musicians.
Peter or Mr. P as he is popularly known had made ambassadorship deals with companies like Kia Motors as well as Olympic Milk. He is married to Titilola Omotayo, and they have a daughter and a son.
Most of the musical achievements which he made were done while he was still with his twin brother Paul Okoye. They had won so many awards to be nominated as Artists of the Decade.
Peter Okoye’s cars and houses
Mr. P has a mansion in Lagos, Nigeria and another one in Atlanta, USA. He is also a real car collector. He owns exquisite cars that are not inferior to any celebritiy, including:
- 2 Range Rovers (₦50 million – ₦82 million)
- BMW X6 (₦23.5 million – ₦28 million)
- Dodge Challenger (₦10.8 million – ₦22 million)
- Porsche 718 Cayman (~ ₦22 million)
- Mercedes AMG GL63 (~₦45 million)
- Bentley Mulsanne (~₦125 million)
- Jeep Wrangler (~ ₦12.6 million)
Paul Okoye, currently known as Rude Boy is married to his beautiful lover, Anita Isama who he had been with from a long time ago. They have 3 kids, the first son and a set of twins – 1 boy and 1 girl. He has released some songs since the PSquare separated.
Paul Okoye’s cars and houses
This star artist has houses in Nigeria and outside the country, and none of the houses are less than mansions.
P Square group was known to own a private jet; but since their break apart, no news has been heard about the jet for long.
Paul’s garage has less cars than his brother’s but costs way more with 2 Rolls-Royces:
- Rolls-Royce Phantom (~₦204 million)
- Rolls Royce Ghost (₦191 million – ₦247 million)
- Land Rover Range Rover (₦50 million – ₦82 million)
- Lamborghini Gallardo (₦74.6 million – ₦117.9 million)
Leaving P-Square, Paul now has his new stage name – Rudeboy
#8. Timaya – ₦3.78 Billion
The plantain boy as Timaya always calls himself, is actually Initime Alfred Odom. This star was born on the 15th of August, 1980 and started a music group called ‘Dem Mama Soldiers’ which is what he used as a platform to set off on his musical career. Timaya, also known by some people as King of Dancehall in Nigeria due to his kind of good music.
His music career saw the release of his first song professionally in 2005, titled “True Story” after which subsequent ones surfaced like “Gift and Grace” released in 2008 as well as De Rebirth. He now owns the DM record label which he signed King Perryy to after the likes of Patoranking and Runtown had been groomed to shine.
This music star has 3 children from two women; Timaya’s talents speak through his awards and worth, as he has won a list of Reggae/ Dancehall awards.
Timaya’s cars and houses
Timaya has a mansion worth N250 million at Lekki, Lagos State. If you are an active followers of Nigerian artists on Instagram, you will have been surely informed of his 3 Mercedes G-wagon cars in different colors which once went viral on the social medium platform. Beside the Benzes, Timaya car collection is enviable with other expensive rides, see below:
- Porsche 911 Carrera (~₦42 million)
- 2 Range Rover Sports (₦84 million – ₦90 million)
- Mercedes-Benz G55 AMG (₦60 million – ₦85 million)
- Mercedes-Benz GLE (₦20 million – ₦22 million)
- Bentley Continental GT (~₦76 million)
- Lexus LX570 2015 (₦29,000,000 – ₦39,000,000)
- Lexus GX 460 (₦25 million – ₦42 million)
Not only a proud owners ox exotic vehicles, Timaya has generous hands as well. The musician once presented his labal signee with a Ford Dodge Charger 2013 as an early Chrismas gift.
#7. Phyno – ₦3.96 Billion
The music star, Chibuzo Nelson Azubuike who was born on 9th October 1986 is popularly called Phyno; a name he formed from “Phenomenal”, is a man with different talents that extends even to the academic world. The level of his education with a degree in Public Admin is enough to get you thinking that he should not have become a musician; but here he is, a very successful musician. Undoubtedly, becoming a musical artist was a great decision for Phyno as this has thrown him to the spotlight.
He started singing in the year 2003, while he also produced music beats for other artists like Flavour, Mr Raw, and Timaya to mention just a few. The boss of Penthauze has so many albums to his name, and collaborations with top music stars in Nigeria.
Chibuzo hails from Anambra State being from a family of five, he is the fourth child with an only brother and all elder sisters. He was raised at Enugu State where he completed his schooling and started his music career. He is a very close friend of Olamide Baddo, as they both carry the pride of their local identities being the Igbo and Yoruba languages respectively.
Phyno has got about five proper awards like the best collabo, song of the year awards, and others amidst many nominations in different musical categories.
Phyno’s cars and houses
Being one of the richest musicians in Nigeria, Phyno owns many extravagant assets such as the 3 bedroom duplex worth about N170 million at Chevy View Estate, Chevron Drive in Lekki, and another mansion at Enugu State. He also owns expensive cars including a Rolls Royce Phantom:
- Rolls-Royce Phantom (~₦204m)
- Lamborghini Gallardo Spyder (₦74.6 million – ₦117.9 million)
- Pollaris Slingshot (~₦7.3 million)
- Bentley GT Coupe (~₦72.7 million)
- Range Rover Sports (₦84 million – ₦90 million)
- Toyota Avalon (~₦11 mllion)
#6. Olamide – ₦4.32 Billion net worth
Olamide is a young musician who was born on March 1989 at Bariga L.G.A, Lagos State. His full name is Olamide Adedeji and his nickname is Baddo, a name he earned for himself from the street energy he puts in his lyrics. The way he infuses the Yoruba language into his music, helped him get many of the fans that enjoy his music.
He is a star in the afro hip-hop music industry, who started out with Coded Tunes label; but he currently puts a lot of effort to raise a few other artists through his YBNL record label. Baddo gathers more of his money through entertainment events and shows where he charges in millions of Naira; and his brand ambassador deals with companies like Guinness, GLO, Ciroc, etc.
This music star has a son by his girlfriend, Aisha Suleiman; and he has a house in Lekki phase 1, Lagos. He has bagged so many awards in the Nigerian music industry as Best Indigenous Artist, Album of the year and many others; as well as many nominations.
Olamide’s cars and houses
Being the 6th richest musician in Nigeria, Olamide owns 2 mansions in Lekki and Bariga, Lagos and a flashy garage with pricey cars including:
- Mercedes-Benz G Wagon (~₦23 million)
- Range Rover Sports V8 (₦84 million – ₦90 million)
- Rolls-Royce Phantom (~₦204 million)
#5. 2Face – ₦5.76 Billion
This Jos born music star has his real name as Innocent Ujah Idibia but known on stage as 2Face or 2Baba. He has found himself in the top ten richest musicians in Nigeria due to his great talent and hard work. The talented man was born on the 18th of September, 1975. The way Idibia rose up was from nothing to something, and then he became among the best Afropop singers in Africa.
His music career has continued to flourish since he went solo from the Plantashun Boiz group he started with; he was a top signing for Kennis Music early in his career. He released the album that brought him to limelight in 2004 with the famous ‘African Queen’ song. He has won himself awards like the Headies, MTV Music Awards, and BET Awards.
2Face is married to Annie Idibia although he has children from 3 different women; he has a total of 7 children and 2 girls are from his wife.
2Face’s cars and houses
Tuface owns 2 mansions in Lagos, as well as relaxation lounges at Lagos Island, Festac and Ikeja. He is not very open about his rides, but here are the cars that were caught riding by 2Face:
- Chevrolet Corvette Coupe (~₦45million)
- Ferrari Coupe (₦57 million – ₦80 million)
- Toyota Land Cruiser Prado (₦30 million – ₦52 million)
#4. D’Banj – ₦6.12 Billion
The Nigerian hit songs by D’banj always come out spectacular; a musician with a controversial fan base as his will surely survive in the business. His real name is Daniel Oyebanjo Oladapo, born in Zaria on the 9th of June, 1980. D’Banj is known to be very keen to business opportunity even when it looks as if his performance both on stage and in releasing songs is reducing.
D’banj music career actualized when he met with Don Jazzy, and they had to create Mo’hits record label; he started getting endorsement deals, and remains the ambassador for many top brands, and has won for himself many awards like BEFFTA Award for African Legend, and has been rated by the T.I.N. Magazine where he was placed as the second richest Nigerian musicians in 2016.
He married to Lineo Didi Kilgrow, who he had a quiet wedding with away from the cameras; they have a son.
D’Banj cars and houses
Ranking #4 in the list of richest Nigerian musicians, D’Banj can buy himself any luxurious things he wants. He has 3 mansions, one in Lekki, another in London and USA, a whopping car collection with at least 10 expensive cars. See the list below:
- Rolls-Royce Wraith (~₦200 million)
- Porsche 911 Carrera (~₦42 million)
- 2 Aston Martin Vantage (~₦50 million each)
- Bentley (~₦108m)
- 2 Toyota Land Cruiser Prado (₦30 million – ₦52 million)
- Mercedes Benz SL500 (~₦30.8 million)
- Mercedes Benz C Class (₦14.8 million – ₦30 million)
#3. Don Jazzy – ₦6.66 Billion
Don Jazzy is known for his wonderful music production and hard work incorporated with his persistent ability to easily make up sound relationship both in Nigeria and across the border. Don Jazzy’s full name is Collins Michael Ajereh, and he hails from Umuahia in Abia State, and was born on the 26th of November, 1982.
He started his big music career working with D’banj to make various hit tracks as Mo’hits record before they went their separate ways in 2012. After which he created the new record label being Mavin Records which brought many artists to make more great music. Artists like Wande Coal, D’Prince, Tiwa Savage, Reekado Banks and many more; he even rebranded the label to become Supreme Mavin Dynasty (SMD). Don Jazzy includes his deep voice in the music often, this touch adds a spectacular note even as he produces the beats for hit songs. His career has brought him awards as a top music producer.
Don Jazzy is not married despite his age, he focuses on making more good music and raising more star artists in the Nigeria music world.
Don Jazzy’s cars and houses
Don Jazzy has 3 mansion, one at Lekki, one in Banana Island, Lagos and another at Los Angeles, USA. He also rides exotic cars inluding:
- Porsche 911 Carrera (~₦42 million)
- Bentley Continental (~₦25 million)
- Cadillac Escalade (~₦27.2 million)
- Mercedes Benz E350 (~₦20 million)
#2. Wizkid – ₦7.2 Billion
Wizkid is such a unique and talented musician and he started right from a very young age. One surprising aspect of this young musician is the way he went global to sing with some of the top foreign musicians. His real name is Ayodeji Ibrahim Balogun, born on the 16th of July, 1990 at Surulere in Lagos. He is the first Nigerian musician to rise up to be recognized in the Guinness Book of World Record for the most played song on Spotify. This is as a result of the song he did with Drake titled “One Dance”.
He began his big career with E.M.E records and released the ‘Superstar’ album that contained a hit track “Hola at Your Boy”. The song gave him the award for ‘next rated artist’ at the Headies, and he continued rising from there. He now owns the Starboy Entertainment and has not stopped giving good music to his fans.
The Starboy boss is not married, but he has a child with Sola Ogudugu, and he has been in series of controversies with a few other artists like his former boss – Banky W, Olamide and a few others.
Wizkid’s Cars and houses
Wizkid has a N13 million mansion at Surulere, Lagos and another one at Los Angeles, Califonia, USA. This star always flies a private jet, and he is valued at a net worth of N7.2 billion. His car collection is full of expensive models, such as
- Lamborghini Urus (₦80 million)
- Porsche Panamera (~₦50.8 million)
- Mercedes Benz G63 AMG (₦55 million – ₦65 million)
- BMW X6 crossover (₦8.7 million)
#1. Davido – ₦9 Billion
Here comes the current richest musician in Nigeria, and that is Davido. His real name is David Adeleke, born in Atlanta, United State of America to a rich family. His father, Dr. Deji Adeleke is a co-founder of the Adeleke University in Osun state, and the CEO of Pacific Holdings Limited. The song that brought him to great popularity is “Omo baba Olowo”; as it went viral especially in Africa. He made some deals with companies such as AXE, Infinix, MTN and a lot of others.
His music career started with the KB International group with his first album “Omo Baba Olowo”. He has featured so many artists both Nigerian and foreign stars, and these moves have brought him to the top class position in the industry. Davido co-owns HKN music record with his brother, and they have artists like Peruzzi and some others signed to the label. Davido has bagged multiple awards in his music career from the Headies, MTV music, and a lot more others.
Davido was born on the 21st of November, 1992 and is the youngest artist in the list of richest Nigerian musicians.
Davido is not married currently, but he has a wife to be girlfriend Chioma who recently gave birth to a baby boy ifeanyi adeleke, he also gifted her a N45 million Porsche as birthday gift. Before Chioma, he had had two daughters with different ladies.
Davido’s cars and houses
Just like how he is advancing in the music industry, you can say Davido house and car is second-to-none among Nigerian musicians. He has two mansions in Lekki, Lagos and a getaway mansion in Georgia, USA. Davido’s car collection is dazzling with:
- Rolls Royce Cullinan 2019 (~₦350 million) (rumored)
- Bentley Bentayga (₦108 million)
- Bentley Continental GT (~₦95 million)
- Porsche Panamera Turbo S (~₦22.8 million)
- Range Rover Sports (₦84 million – ₦90 million)
- Range Rover SV Autobiography (₦98 million)
- Chevrolet Camaro GS (₦9.4 million)
- Audi R8 (₦23.4 million)
- Audi Q7 (₦12 million)
- Mercedes-AMG GLS63 (~₦45 million)
- Mercedes G-Wagon (~₦21 million)
- Toyota Land Cruiser (~₦30 million)
Besides the most expensive cars, Davido Rumored to owns a private jet that once go viral on media.
So we have the official list of 10 richest musicians in Nigeria 2020 and all the extravagant cars in their garage. What do you think? It’s nice right? But this is a Prof that hard work pays, most of this artist rise from rag to riches. Try to build your dream and make your self a brand, you could be the next to browse about.
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