[Forbes] Top 10 richest musicians in Nigeria 2020 and their net worth

Here, we have taken a close look at the top 10 richest musicians in Nigeria 2020 Forbes and their net worth while the Nigeria Music industry continues to grow big over the years to come.

And Also with a possible answer to the question of Who is the richest musician in Nigeria 2020?

However, Forbes has recorded and ranked the various artists who made the list based on their net worth and fan base gathered overtime to earn such recognition.

Who is the richest Nigerian musician?

To know the richest Nigerian musician in 2020 One has to consider music generated revenue and net worth. Including music sales distribution, endorsement deals, and also the capacity of their fan base.

 10. Flavour Net worth - $9.5 million

Chinedu Izuchukwu Okoli is famously known for his stage name Flavour. He is an Igbo highlife songwriter and singer who started his musical career as a church drummer back in Enugu state in Eastern Nigeria.

The award-winning singer was born 23 November 1983 and rose to fame with hit songs like ''Nwa Baby'' and ''Ada Ada''.

He had a stint with promising record labels including Kennis Music, 2nite Enter10ment. Snapped up the number 10 spot on Forbes list with an estimated net worth of $9.5 million.

9. Peter Okoye and Paul Okoye Net worth – $10 million

  

The defunct Psquare, Peter Okoye and Paul Okoye who used to be Nigerian heavyweight music duo. They were good at dropping a regular album on a spry. ON 9th spot with a net worth of $10 million.

The MTV Africa Music awardees have been on the entertainment scene long ago but could be fondly remembered for songs like ''Beautiful Onyinye'' ''Personally'' and more.

8. Timaya Net worth – $10.5 million

Inetimi Timaya Odon popularly known as Timaya made it into Forbes richest musician in Nigeria 2020 with a net worth of $10.5 million.

Timaya was first spotted on Nigerian music scene 2005 with a hit song titled ''Dem Mama''. The song was inspired by 1999 brutal killing of a full village in Bayelsa State, Nigeria.

Meanwhile, the award-winning Port Harcourt 1977 born sensation has remained relevant with series of tracks including his most recent trending song titled ''I Can't Kill Myself''.

7. Phyno Net worth – $11 million

Chibuzor Nelson Azubuike with a global name as Phyno is a Nigerian indigenous rapper, singer. He has placed the Ibo language on world map alongside other Ibo artists.

Phyno the 1986 Enugu born sent his fan base into ecstasy back in 2014 with His debut studio album ''No Guts No Glory''. All this while, he has been relevant.

He made the richest musician in Nigeria list with a net worth of $11 million.

6. Olamide Net worth – $12 million

Olamide is a Nigerian indigenous rapper, born 1989 and a native of Bariga, Lagos state.

The award-winning artist first showed some flashes of brilliance in 2011 with a debut studio album ''Rapsodi'' under the stewardship of Coded Tunes.

Olamide Adedeji made his mark with his subsequent album released under his imprint record label YBLN Nation.

However, Olamide has made the top 10 richest musicians in Nigeria 2020 on the 6th spot with a net worth of $12 million.

5. 2Baba (2Face) Net worth – $16 million

Innocent Ujah Idibia, known as 2Baba was born in 1975 in Jos, Nigeria. He is a seasoned singer, songwriter, and Philanthropist.

2face Idibia is regarded as one of the new millennium pioneers of African music and he has shown consistency within the entertainment industry and out large.

He made the Nigeria richest musician list in 5th place with a net worth of $16 million.

4. Burna Boy Net worth - $17 million

Damini Ebunoluwa Ogulu is a Nigerian afro-fusion singer born in 1991 in Port Harcourt.  He is known as Burna Boy with his first single in 2012 titled ''Like to Party''.

The singer has left no stone unturned especially with his latest album dubbed ''African giant'' and has earned himself Grammy awards 2020 finalist which he narrowly lost.

Meanwhile, the Afrofusion singer has made the Forbes 2020 richest Nigerian musician with a net worth of $17 million toping legendary 2face Idibia and co.

3. Don Jazzy Net worth – $18.5 million

Michael Collins Ajereh, known as Don Jazzy born in 1982 in Abia State. He graduated from Ambrose Alli University.

Don Jazzy is a Nigerian singer, record producer, and entrepreneur. While In 2004, He co-founded now-defunct Mo' Hits Records label.

Upon the cessation of Mo' Hits, he set up Mavin Records in May 2012 which delivered their first blessings with the song titled Dorobucci.

However, the Mavin record label boss stood on 3rd position with a net worth of $18.5 million.

2. Davido Net worth – $19 Million

David Adedeji Adeleke, known Davido is a Nigerian American-born singer. He made his first musical appearance in 2012 with a hit single titled ''Damiduro''.

However, if anything could be forgotten about the DMW boss, definitely not his recent drops such as ''Blow My Mind'', ''Risky'', and top-notch ''Sweet in the Middle''.

Davido is pretty young to make this list at 27 years old, he is a big-money man to watch our for as times goes on.

Meanwhile, He holds 2nd position with a net worth of $19 million. 

1. Wizkid Net worth – $20 Million

Ayodeji Ibrahim Balogun, known as Wizkid is a Nigerian Afrobeat, reggae singer, and songwriter.

He started as a church boy, while he got noticed in 2011. Meanwhile, he will live on with notable songs like ''Ojuelegba'' ''Fever'' ''Brown Skin Girl'' and ''Joro''.

Wizkid clinched number one seat on the Top 10 richest musician in Nigeria 2020 with a net worth of $20 million. And we believe this not surprise to you because he has been very dominant all this while.

The richest Nigeria artist has earned this spot with a fan base always ready to snap up anything issue out. Notwithstanding the fact that he currently boasts the largest endorsement deal in Africa and global market distribution.

We also understand some music lovers may not be satisfied with this top ten listed. Kindly do well by sharing your thought with us.

Please let us know your favorite musician who made the Top 10 richest musicians in Nigeria 2020 and those who you hope to get enlisted overtime.