The Nigerian music firm has grown vast to the extent that the whole world admires it.

These have also spanked economic space for income which has transformed many Nigerian penuries attached images to millionaires and Billionaires.

It has also resulted in setting up multiple Nigerian music stars in the curriculum where they compete financially.

In this article, we would discuss the top 5 richest Afrobeat musicians and their net worth as updated by Forbes.


David Adeleke who is known popularly as Davido is currently the richest Afrobeat musician in Nigeria.

Since he rose to fame with his debut album ‘Baba Olowo’ he has attained the greatest peak that earned him massive income.

From being the most endorsed musician in Nigeria to the live concerts, he has condoned, he is identified as the richest Afrobeat singer in Nigeria.

His net worth is estimated at 50 million making him the richest Afrobeat musician in Nigeria.


$40 million 

Wizkid has emerged to be the second richest Afrobeat maestro in Nigeria after gaining a massive fan base that is passionate about his welfare.

The sensational singer struck the limelight after his debut album ‘superstar’ earned him massive recognition. He has been able to keep his consistency flowing to date and this has earned him a heavy currency.

From the live concerts, Massive streams, and endorsement deals he has bagged so far, Wizkid has emerged to be the second richest Afrobeat musician in Nigeria.

His net worth reads $40 million, a whopping currency that has acquired his mansions and luxuries.

Burna Boy

$20 million

The self-acclaimed African Giant and Grammy Award-winning singer born Damini Ebunoluwa Ogulu is in no doubt the third richest musician in Nigeria.

Since he rose to fame, his net worth has infused to a heavy mark.

He was an independent artist that struggled and attained his peak. Since he released his debut album ‘L.I. F.E’ has consistently emerged at the top and joined Davido and Wizkid to compete for the number 1 spot in every Afrobeat field.

Despite declaring that he is the richest musician in Nigeria in the recent trend, he is the third richest Afrobeat musician according to Forbes.

His net worth is estimated at $20 million.

Don Jazzy

$19 million

Michael Collins Ajereh who is known popularly as Don Jazzy in no doubt is the fourth richest musician in Nigeria.

Don Jazzy founded his Record Label, Mavin Record Label in the year 2012 after he his relationship with ‘Mo Hit’ crashed.

He was able to soar the image of the Record Label by signing top-notch artists that helped infused his net worth.

Since Don Jazzy became a successful record label owner, he has earned himself massive money. His net worth reads $19 million as estimated by Forbes.


$15 million

The Nigerian singer and songwriter who is known popularly as 2Face also have worked hard to earn his place at number 5 in the category of the Afrobeat richest musicians.

2Baba’s consistency since he struck the limelight has defeated his penury status and this is not stopping any time soon.

He is the only Nigerian Afrobeat musician from the last 2 decades still at the top in every forum.

From Shows and multiple endorsement deals, his net worth is estimated at $15 million making him the 5th richest musician in Nigeria.