Forbes Richest Musicians in Nigeria 2024: Top 10

2024 has been a very wonderful year for the Nigerian music industry as our Musicians are now global and famous in the world. Infact, some are richer than ever.

The likes of Davido, Wizkid, And Tiwa Savage have established a very large and powerful fan base in the world due to their outstanding music.

That being said, who are the Forbes richest musicians in Nigeria? In this post, richestpedia brings to you an up to date list of top wealthy songwriters in this country.

Forbes Richest Musicians in Nigeria

1. Davido

David Adeleke popularly known as 30BG or Davido is currently one of the richest musicians in Nigeria according to Forbes. He has been the industry for about 7 years now dropping back to back hits that has won him numerous awards and recognition in the industry.

Davido was born and brought up in a rich family, the songwriter started his music career after his graduation from the University. Though the journey was not easy, but Davido manage to pursue his career with a different style of music which catapulted him to fame.

2. Wizkid

The next Forbes wealthy singer is Ayodeji Ibrahim Balogun. He is well known as Wizkid Or StarBoy. Wizkid is one of the most talented, amazing and successful musician in the music industry.

In 2022, he won a Grammy Award, asides that, the young singer has collaborated with prominent rappers in the world like Drake, Chris Brown And Rick Ross.

Wizkid style of music are amazing and top notch which made him stand out from other songwriters. A lot of persons even call him the king of Afrobeat.

3. Burna Boy

Burna Boy is another big name in the Music industry. He has gained fame and recognition for his excellent music.

The Grammy Award Winner, full name is Damini Ebunoluwa Ogulu, he hails from Port Harcourt were he completed his primary, secondary and then Tertiary education before venturing into music.

Burna Joined the industry in 2010, he rose to fame in 2012 following the release of his single titled “Like To Party” since then, Burna Boy have been giving out different hits.

4. Don Jazzy

Don Jazzy is a legend in the industry, the Songwriter and Producer is among the top musician who paved way for Talents like , Tiwa Savage, Reekado Banks, Dija, Rema, and Dirsid as Mavin record Boss.

Jazzy has received numerous awards for his music. He is one of richest on the list.

5. Tiwa Savage

Tiwatope Omolara Savage is the queen of Afrobeat in Nigeria. She was born and brought in Lagos State.

Tiwa’s career started right from her University days, upon the completion of her education, she went further to achieve her dream by joining the industry in 2001.

Her popularity came in 2012 when she released a song “Love Me” ever since then, Tiwa Savage has been successful in the industry making huge capital from her profession.

6. Olamide

This list will not be completed without Olamide. He is the King of Rappers in Nigeria, even though he rap in Yoruba Language, the Songwriter has established a name for himself in the industry. Olamide is not just a musician but a philanthropist who has been helping others rise in the Music world with his label.

7. Phyno

Chibuzo Nelson Azubuike better known as Phyno is a Nigerian Rapper, Singer, Songwriter and Record Producer from Enugu State. He is regarded as one among the most successful and influential Africa Rappers of all time.

Phyno started Music in 2003, he was recognized by many for his debut studio album “No Guts No Glory” the singer stands out with his Igbo rapping style. With different deals and endorsements, Phyno has made money from his career.

8. Flavour

Chinedu Okoli is a notable Songwriter in Nigeria who made the list of Forbes top Richest singers. He is known by his stage name, Flavour N’abania. Flavour rose to stardom as a result of his single “Ashawo Remix” in 2017. Okoli knows how to mix traditional highlife with modern beats. His concerts are a big hit.

9. 2Baba (2Face Idibia)

Innocent Ujah Idibia is a true legend who shaped the Nigerian music industry Today. 2Baba music are amazing, he has been around and still dropping strong Music. One of his hit songs was “African Queen” which owon him awards and recognition.

10. D’banj

D’banj comes last on this list. He started gaining fame in 2014 for his music. With over 40 songs to his name, D’banj remains one of the living legend of the Nigerian Music industry.


The above listed Musicians made their money from music, deals and endorsement. Tell us what you think about this through the comment section.

Also Read: Forbes Richest Pastors In Nigeria

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