The Nigerian music industry, led by the unstoppable force of Afrobeats, has become a multi-billion dollar export. As of 2026, Nigerian artists are no longer just local stars, they are global moguls with massive streaming numbers, sold-out stadium tours, and high-value international endorsements.
If you’ve ever wondered who holds the crown for the highest bank balance in the industry, here is the definitive list of the top 10 richest music artists in Nigeria in 2026.
Top 5 Richest Musicians In Nigeria (2026 Estimates)
| Rank | Artist | Estimated Net Worth |
|---|---|---|
| 1 | Wizkid | $50 Million – $70 Million |
| 2 | Davido | $45 Million – $65 Million |
| 3 | Burna Boy | $40 Million – $60 Million |
| 4 | Don Jazzy | $35 Million – $50 Million |
| 5 | Olamide | $15 Million – $25 Million |
Wizkid (Ayodeji Ibrahim Balogun)
Wizkid’s at Apple Music Award Event
Commonly referred to as “Big Wiz,” Wizkid remains the wealthiest & richest musician in Nigeria in 2026 with an estimated net worth of $70 million in 2026. His wealth stems from a massive catalog with billions of streams, a lucrative partnership with RCA Records, and long-term endorsements with brands like Nike, Pepsi, and MTN. His “Made in Lagos” era continues to generate passive income through royalties.
Davido (David Adeleke)
Davido’s Portrait
Davido follows closely, blending his family’s immense wealth with his personal success as the CEO of DMW (Davido Music Worldwide). In 2025, his net worth has seen a massive spike to $65 million due to his “Timeless” world tour and partnership deals with global brands like Puma and Martell.
Burna Boy (Damini Ogulu)
The “African Giant” is perhaps the highest-earning performer on this list and he has an estimated net worth of $60 million. Burna Boy charges some of the highest performance fees globally, often exceeding $1 million per show. His consecutive Grammy-nominated albums and sold-out shows at Madison Square Garden and Wembley Stadium have propelled his financial status significantly.
Don Jazzy (Michael Collins Ajereh)
Unlike others on this list, Don Jazzy built his fortune primarily as a producer and executive and he has a net worth of 50 million as of year 2026. As the founder of Mavin Records, he earns a percentage of the success of stars like Rema and Ayra Starr. His tech investments and real estate holdings make him one of the most stable wealthy figures in the industry.
Olamide (Olamide Adedeji)
The “Baddo” of Nigerian rap, Olamide is the mastermind behind YBNL Nation and has a net worth of $25 million as of year 2026. By discovering and launching the careers of artists like Fireboy DML and Asake, Olamide has created a multi-generational stream of income that keeps him firmly in the top 5 richest musician in Nigeria.
2Baba (Innocent Idibia)
A true legend of the game, 2Baba (formerly 2Face) has maintained his wealth through wise real estate investments across Nigeria and continuous royalties from his legendary catalog, including the timeless hit “African Queen“, which has generated millions in revenue solidifying 2baba has on the richest music artiste in Nigeria with a net worth of $20 million as of year 2026.
P-Square (Mr. P & Rudeboy)
Even after years in the industry and a brief hiatus, the duo P-Square remains incredibly wealthy, Their massive properties in Banana Island and international investments ensure they remain among the elite musical earners, with a net worth of $19 million in 2026.
Timaya (Inetimi Odom)
The “Egberi Papa 1 of Bayelsa” is known for his low-key but massive wealth. Timaya has a net worth of $15 million in 2026 and he reputation for high-value real estate investments and a consistent ability to release club bangers that dominate the airwaves for months that made him rich and wealthy.
Phyno (Chibuzo Nelson Azubuike)
Phyno has leveraged his status as the king of indigenous Igbo rap to secure massive endorsement deals and sold-out concerts in the eastern part of Nigeria and beyond. His business savvy in the hospitality industry has further boosted his 2026 net worth to $13 million.
Tiwa Savage (Tiwatope Savage)
The “Queen of Afrobeats” rounds out the top 10. Tiwa Savage remains the richest female musician in Nigeria, with significant income from her deal with Universal Music Group and endorsements with brands like UBA and Darling Hair. Tiwa Savage has a net woth of $10 Million in year 2026.
Source Of Income For The Richest Singer in Nigeria 2026
The richest singer in nigeria 2026 list proves music is a great source of money generation and young artist are now rushing in to get their share in the genre.
The wealth of these artists is no longer just about “music sales.” It is about branding, digital streaming, and international tours. As Afrobeats continues to conquer the world, we expect these figures to rise even higher by 2026. For the latest updates on your favorite stars, stay tuned to our music industry news section.