Top 10 Richest Artist In Nigeria – Top 10 Richest Musicians in Nigeria 2021 The music business in Nigeria has taken a big turn in the past decade, with young, talented and energetic artistes emerging with millions of Naira to their names thanks to singles, albums and endorsement deals. From thousands to millions of naira.
We have compiled a list of the top 10 richest musicians in Nigeria as of 2021 as well as their net worth as determined by Forbes magazine.
Top 10 Richest Artist In Nigeria
Last on our list is Enitimi Alfred Odom, often called Timaya. Timaya is a singer and songwriter from Nigeria. He is the founder of the Deep South hip hop group Dem Mama Soldiers. Enitimi Alfred Odom was born on August 15, 1980 in Port Harcourt, Rivers State. He grew up in Agip Estate, Port Harcourt, the youngest of fifteen children in a large family. His father was a banker and his mother worked in finance.
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Timaya shot to fame in 2005 after the release of his hit single “Dem Mama”. In 2006, he released his first album, “True Story”. In 2008, he released his second album, Gift and Grace.
Timaya’s third studio album, De Rebirth, was released in collaboration with Black Body Entertainment, and the lead single “Plantain Boy” helped him gain even more recognition and international relevance. Commercially, both were successful. On the LLNP album he worked with Dem Mama Soldiers (Long Life N Prosperity).
Timaya released Upgrade in 2012, which featured the singles “Bum Bum,” “Sexy Ladies,” and “Malonogede.” He has won four Headies Awards and a Nigeria Music Award for his efforts so far.
According to Forbes, Timaya is worth $4.5 billion. As a result, in 2021, Timaya will be the tenth richest artist in Nigeria.
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Olamide Adedeji Olamide was born on March 15, 1989 in Bariga, Lagos State. He decided to pursue a career in music in the year 2000. “I discovered I was good at it, so I had to investigate it,” he stated when asked about the music. It’s my universe, my hustle and my life.”
Olamide’s first single, ‘Eni Duro,’ was released in 2010 on the record label he signed, Coded Tunes. Olamide rose to fame as a result of the song’s widespread appeal. Olamide performed at the 2010 Hip Hop World Awards. He went to Tai Solarin University of Education to study education.
Olamide reports primarily in his mother tongue, Yoruba. While signed to Coded Tunes, he released his debut studio album Rapsodi in 2011. His follow-up album YBNL Nation was released under his label imprint. The singles “First of All,” “Voice of the People,” and “Voice of the People” helped promote the album. His third studio album, Baddest Guy Ever Liveth, was released on November 7, 2013. “Durosoke” and “Yemi My Lover” are two hits from the album.
Olamide has been nominated for a number of music awards including many Nigeria Entertainment Awards and The Headies Awards.
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Innocent Ujah Idibiain, better known by his stage name 2Face or 2Baba, was born on September 18, 1975 in Jos, Nigeria. He hails from the Idoma ethnic group living in Benue state in central Nigeria. 2Face is a Nigerian musician, composer, record producer and entrepreneur. He used the stage name 2face Idibia before July 2014.
2Baba is one of Africa’s most beautiful and successful Afro pop artists, as well as one of the continent’s most bankable artists. For his musical endeavours, 2Baba has won one MTV Europe Music Award, one World Music Award, five Headies Awards (Hip-hop Awards), four Channel O Music Video Awards and four BET Awards as well as four MTV Africa Music Awards. One MOBO Award and one KORA Award.
Obafemi Awolowo University’s Department of Music named him a Fellow of the School of Music. This made him the inaugural recipient of the award on March 20, 2019 at the first public lecture and scholarship award ceremony.
According to Forbes, 2Baba is worth $4.7 billion, making him one of the ten richest musicians in Nigeria in 2021.
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Tiwatope Savage Balogun, popularly known by her stage name “Tiwa Savage”, is the first and only woman on our list of top 10 richest musicians in Nigeria 2021. Tiwatope Savage is a Nigerian singer, songwriter and actor. She hails from Isale Eko, Lagos State, Nigeria and was born on February 5, 1980 in Abia State. When Tiwa was 11, her family moved to London where she completed her secondary education. Savage launched her music career five years later, supporting musicians such as George Michael and Mary J. Blige.
Savage landed a Sony/ATV music publishing deal in 2009 after appearing on the UK edition of The X Factor and graduating from Berklee College of Music. Savage returned to Nigeria in 2012, encouraged by the expansion of the Nigerian music scene and signed to Mavin Records. Solar Plexus, a Mavin compilation album released in 2012, featured Savage.
On July 3, 2013, Savage released her debut studio album, One Upon a Time. “Kele Kele Love,” “Love Me,” “Without My Heart,” “Ife Wa Gbona,” “Folarin,” “Olorun Mi,” and “Eminado” were among the album’s seven songs nominated for Best Album. Year at the 2014 Nigeria Entertainment Awards and Best R&B/Pop Album The Headies 2014. Savage’s second studio album, R.E.D, was released on December 19, 2015. “My Darlin” and “Standing Ovation” were the two singles from the album.
In June 2016, Savage signed a management and publishing deal with Roc Nation. Teava’s debut EP, Sugarcane, was released in September 2017. At the Nigeria Entertainment Awards, R.E.D and Sugarcane were both nominated for Best Album.
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Savage made history in November when she won Best African Act at the 2018 MTV Europe Music Awards, becoming the first woman to do so.
Tiwa Savage is estimated to be worth ₦5 billion by Forbes. Tiwa Savage is now the richest female musician in Nigeria.
Paul Nonzo Okoye, better known by his stage name Rudeboy, was one of the founding members of the now defunct group “P-square”. Rudeboy is a Nigerian singer, songwriter and record producer. Born on 18 November 1981 in Ifite Dunu, Anambra State, Jos, Nigeria.
Rudeboy rose to fame in the 2000s as part of the P-Square Combo with his identical twin brother Peter Okoye. Fans called him “the one with the dreadlocks” to distinguish him from his identical twin brother.
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Rudeboy released his first solo singles ‘Fire Fire’ and ‘Nkenji Keke’ in 2017 after disbanding P-Square. His song “Reason With Me” was the most viewed song ever on YouTube in Africa in 2019. Rudeboy is a record label he founded in 2019, Fire Department Inc.
P Mr P, whose real name is Peter Nonso Okoye, was one of the two duos that made up the now defunct band “P-square”. Mr P is a Nigerian singer, songwriter and record producer. Born on 18 November 1981 in Ifite Dunu, Anambra State, Jos, Nigeria. P Mr P rose to fame in the 2000s as part of the P-Square combo with his identical twin brother Paul Okoye.
Mr. P has lucrative endorsement partnerships with Olympic, Kia Motors, Adidas, Merry Bet, and Tecno Mobile.
According to Forbes magazine, Mr. P is worth 6.2 billion naira, making him one of the ten richest musicians in Nigeria in 2021.
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Burna Boy, whose real name is Damini Ebunoluwa Ogulu, was born on July 2, 1991 in Port Harcourt, Rivers State, Nigeria. Burna Boy is a Nigerian singer, songwriter, rapper and dancer. Burna Boy has become one of Africa’s most popular and successful performers.
Burna Boy rose to fame in 2012 with the release of “Like to Party”, the lead single from his debut studio album L.I.F.E, released in 2013.
Burna Boy secured a deal with Bad Habit/Atlantic Records in the US and Warner Music Group in the rest of the world in 2017. Burna Boy made his major label debut with his third studio album, “Outside.”
Burna Boy was named an Apple Music Up, Next Artist in 2019 after winning Best International Act at the BET Awards. Burna Boy’s fourth studio album “African Giant” was released in July 2019 and was nominated for Best World Music Album at the 62nd Annual Grammy Awards. It won Album of the Year at the 2019 All Africa Music Awards and was also nominated for Album of the Year at the 2019 All Africa Music Awards.
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Burna Boy’s album Twice as Tall was nominated in the same category at the 63rd Annual Grammy Awards in 2020, making him the first Nigerian to receive a back-to-back Grammy nomination. In 2021, Burna Boy took home the prize for Best World Music Album at the 63rd Annual Grammy Awards.
Burna Boy is expected to be worth 6.5 billion naira by 2021, making him one of the ten richest musicians in Nigeria by 2021.
Burna Boy, like other famous Nigerian musicians, has lucrative endorsement deals with Globacom, Nigerian Breweries Plc, and.
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