The Nigerian music industry is one of the fastest-growing industries globally, and it has produced amazing singers over the years. Here are the top 10 richest musicians in Nigeria in 2020.
Nigerian musicians and top artists rank among the richest musicians/artists in Africa and the world, with many of them winning lots of international awards and featuring in many countries.
Music has catapulted many Nigerian artists from the life of nothing to something, from grass to grace. Many of them who had nothing are now living luxurious lives due to their progress in the music industry.
Timaya, Wizkid, 2face, P-Square, and many others were poor from their roots, but today, thanks to their amazing careers in the music industry, they have gained them fame worldwide.
Here are the top 10 list of the richest Nigerian musicians and artists currently making waves in the music industry.
10. Wizkid – Net worth of $20 Million
Wizkid is the number 1 in our list of top 10 richest musicians & artists in Nigeria. Wizkid’s net worth is estimated at 20 million U.S dollars.
Apart from singing, Wizkid also secured many endorsements deals with MTN Nigeria and GLO ( which paid him N120 million to become its ambassador).
Wizkid also increased his net worth when he secured multi-million deals with Pepsi and Guinness that brought him more money on the table.
In July 2019, the talented singer added more to his net worth after he confirmed a mega-deal signing for United Bank for Africa (UBA) as their brand ambassador.
Singer Ayodeji Ibrahim Balogun proudly known as Wizkid, is a singer and songwriter. Wizkid began his musical carrier at the age of 11 in a local church near his home. Back then, he joined a local band called the Glorious Five.
Wizkid released an album at the age of 11 in collaboration with the group Glorious Five.
Wizkid later met OJB Jezreel during his struggling days, and he became his mentor. He then started visiting Jezreel’s studio watching and learning from the recordings by artists like 2 Face Idibia and Sound Sultan.
Wizkid then joined Empire Mates Entertainment (E.M.E) in 2009, and from there, his career in the music Industry kick-started.
Ayodeji Ibrahim Balogun known as Wizkid, is the richest Nigerian musician with the net worth of $20 Million
Born on the 16th of July, 1990 in Surulere, Lagos, Wizkid was the first Nigerian musician to rise to be recognised 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 now owns the Starboy Entertainment and has been waxing stronger in the music industry as the day goes by.
According to the 2020 Forbes list, Wizkid happens to be the richest Nigerian musician with $20 Million networth.
Wizkid’s car collections and houses
Wizkid has a ₦13 million mansion in Surulere, Lagos, and another one in Los Angeles. Wizkid’s car collection includes:
Lamborghini Urus (₦80 million)
Porsche Panamera (~₦50.8 million)
Used Mercedes Benz G63 AMG (₦55 million – ₦65 million)
BMW X6 crossover (₦8.7 million)