23 Richest Musicians In Africa

Fally Ipupa – $15 million

Fally Ipupa

Congolese singer and dancer hails from Kinshasa, Democratic Republic of Congo, where he began his music career in the late 1990s as a member of Quartier Latin International, led by Congolese music icon Koffi Olomide. He gained popularity in the early 2000s and eventually left the band to pursue a solo career.

Record sales and streaming income have made him wealthy, as is the case with many successful musicians, and he’s augmented his monetary gains through endorsements and investments. Again, that’s kind of a theme with successful people in the music business.

He has donated to various organizations, including the Children's Rights Commission in Congo and the Nelson Mandela Foundation in South Africa, so his reach extends beyond his home country.

Fally Ipupa is the founder of the F'Victeam clothing line, which features a range of urban fashion for men and women. He also launched a mobile application called “Tokooos” in 2018, which provides fans with exclusive access to his music, videos, and other content. These days, his endorsement deals earn him nice checks from Orange, Pepsi, and Guinness, but he doesn't just sit on his cash.

He founded an eponymous foundation to focus on providing support for underprivileged children in Congo by providing them with access to education and healthcare.

Mr. P – $15.2 million

Mr. P

Peter Okoye performed with P-Square, a duo he formed with his twin brother Paul. The act called it quits in 2017, and Okoye went out on his own as Mr. P, a solo musician and dancer. He quickly scored with “Cool It Down,” his debut single that became a certified hit in Nigeria.

His success spawned endorsement deals, and one in particular, with Kia Motors, allowed him to invest in non-musical undertakings. Mr. P has been able to expand his holdings since then.

He owns a record label, P Classic Records, and has invested in real estate in Nigeria and the United States.

He isn’t known as a reckless spender, but he does have a taste for fancy transportation, owning:

  • a Lamborghini Aventador
  • a Mercedes-Benz G-Wagon
  • a Range Rover
  • a private jet

Mr. P also spends money on helping others, donating money to flood victims and funding programs to combat malaria, an illness that kills almost half a million people every year.

Davido – $16 million

Davido

Nigerian musician and record producer Davido is one of the most successful artists in Africa and has won numerous awards for his music. His real name is David Adedeji Adeleke, and he’s made a good portion of his net worth via music sales and shows. His blend of Afrobeat and hip-hop sounds has brought him into collaboration circles with Meek Mill and Nicki Minaj, which only helped raise his profile.

Davido has invested in businesses dealing in sports betting and beverage production in addition to real estate properties. He also owns shares in the Nigerian movie theater chain Viva Cinema as well as Davido Music Worldwide.

His private jet, Bentley, and Rolls Royce all get him where he’s going in the most luxurious way possible, but Davido also spends money on others, starting up the Adeleke Foundation to support underprivileged students in Nigeria. In 2018, he donated a sum of ₦10 million to the family of a police officer killed on the job.

Finally, he recently donated to the Lagos State Government to help combat the coronavirus pandemic.

RudeBoy $16 million

RudeBoy

The twin brother of Mr. P, RudeBoy was born Paul Okoye and, as mentioned above, found his first success with his brother as a part of P-Square, alongside his brother Peter, also known as Mr. P. 

He has established himself as a business and philanthropist in addition to his renown as a musician. He made a good amount with P-Square, and since then, he’s landed brand ambassador deals with Olympic Milk and Merrybet Gold. Other income bulks up his portfolio via real estate holdings, which he has spent a lot of money on, including his own mansion.

RudeBoy has also made some money in the hospitality industry, investing in Club Una, a nightclub in Lagos.

Like his brother Mr. P, RudeBoy has donated quite a bit of money to causes and initiatives working to combat malaria in Africa and around the world.

Burna Boy – $17 million

Burna Boy

Burna Boy was born Damini Ebunoluwa Ogulu in Nigeria and grew up to be a hugely successful and critically acclaimed singer, songwriter, and performer. He makes a tidy sum from streaming revenue, as he is one of the most-streamed African musicians.

Though his career started in 2012, he won a Grammy in 2021, which gave his music an international bump in recognition and allowed him to play a sold-out show in New York at Madison Square Garden.

Endorsement income comes from Star Lager, Mortell Cognac, and Pepsi, and he has his own record label.

Bruna Boy spends his money on cars, homes, and nice things. His Lagos mansion of a home sports eight bedrooms, and in the driveway (okay, probably in a covered garage) are high-dollar rides from Range Rover, Rolls Royce, Lamborghini, and Ferrari.

Other expenditures go to his philanthropic leanings, which center on education, health care, and youth empowerment in his native Nigeria.

Koffi Olomide – $18 million

Koffi Olomide

Koffi Olomide is a Congolese Soukous musician, singer, songwriter, and performer. He has been a successful artist on the continent for several decades.

Koffi Olomide has made his money primarily through music sales and notably draws in the mid-six-figure range from YouTube streaming revenue. However, he commands a $50,000 appearance fee for his live shows, an amount that can add up quickly.

He owns a sprawling Paris property and another home in Kinshasa. He wears gold chains, watches, and expensive designer clothing, and he owns several high-end cars. That fleet of his contains at least two vehicles made by Rolls Royce and a Mercedes G-Wagon, which often costs more than $150,000. Furthermore, the Congolese singer owns luxury properties in

Wizkid – $20 million

Wizkid

Wizkid, whose real name is Ayodeji Ibrahim Balogun, is a Nigerian singer, songwriter, and performer and one of the most successful and influential musicians in Africa.

He won the BET Award for Best International Act, and his albums and singles sell well in Nigeria and beyond.

He has property in the States and Nigeria and a palatial home in Los Angeles. His Starboy Entertainment label supports several other artists, and his endorsement income is tied to deals with Nike and Pepsi, in addition to some less global companies.

Wizkids owns two mansions in Nigeria, too, as well as a Porsche, a Bentley, a BMW, and lots of gold jewelry, which he considers his main investments.

As a philanthropist, the singer puts his money behind causes related to human rights and women’s issues.

Flavour – $28 million

Flavour

Multi-instrumentalist Nigerian Flavour (real name: Chinedu Okoli) is a hip hop, R&B, and highlife singer, songwriter, and performer. He’s released several popular hits in Nigeria and other countries and worked with Tiwa Savage and other artists.

He has several endorsement deals, one in particular with Guinness. His record label 2nite Music Group adds money to his overall net worth.

Flavour has his own record label called 2nite Music Group, which has signed several emerging artists, and he’s known for his philanthropic work. He has been involved in various initiatives to support education, healthcare, and the empowerment of young people in Nigeria. In 2014, he launched the Flavour Foundation, which provides financial assistance to underprivileged children in Nigeria.

He spends his money somewhat freely, buying high-dollar cars like the BMW X6 and fine threads. His investments include real estate holdings largely confined to the city of Lagos.

Black Coffee – $60 million

Black Coffee

Hailing from South Africa, Nkosinathi Innocent Maphumulo performs under the name Black Coffee. He’s a DJ and record producer who’s big in house music. He’s one of the most successful and influential DJs in Africa.

He has released multiple albums and singles, many of which have made chart appearances in South Africa and beyond. In addition to performing his on shows, Black Coffee has also appeared at Coachella and the South by Southwest festival.

Black Coffee has made a hefty chunk of change through brand endorsements, working with companies like H&M, Ballantine’s, and Axe. He has signed artists to his Soulistic Music record label.

He owns real estate in South Africa, including a mansion in Johannesburg, and he pours money into causes around education and youth empowerment in South Africa.

Akon – $80 million

Akon

Aliaume Damala Badara Akon Thiam is a Senegalese-American singer, songwriter, record producer, and entrepreneur who goes by the mononym Akon. Hits of his, including “Locked Up,” “Lonely,” and “Smack That,” have made him the bulk of his money, but he also has his hands in several business ventures, as well.

He’s worked with T-Pain and Snoop Dogg, to name a few, and has won multiple awards, including Grammys.

Akon has invested in music, fashion, and energy projects and started the record label Konvict Muzik. Former signees include French Montana and Chyhi the Prynce, and the label currently hosts names like Sarkodie, Wizkid, and Omega. There’s also his urban streetwear clothing line, Konvict Clothing.

Another investment project of Akon’s is Akon Lighting Africa initiative which works to provide solar power to rural communities in Africa.

Akon drives expensive cars and enjoys designer clothing. He also has multiple real estate holdings in the US and worldwide.

Youssou N’Dour – $140 million

Youssou N’Dour

Far and away the wealthiest African musician, Senegalese singer Youssou N'Dour has contributed greatly to African music, particularly the development of mbalax, a popular music style in Senegal that incorporates traditional Wolof rhythms, percussion, and other instruments.

He has a string of hit records and an impressive list of musicians with whom he’s collaborated, Peter Gabriel, Sting, and Bruce Springsteen to name but a few. N’Dour has also been involved in the film industry as a producer and actor, and he has some television hosting gigs on his resume.

N’Dour co-owns Futurs Medias, a company that operates a radio station and a television station in Senegal. He has also invested in real estate, including a hotel in Dakar. He also takes the time to invest in his community and give to the causes he supports.

He has been involved in philanthropic work for many years, including founding the Youssou N’Dour Foundation to promote education, health care, and culture in Senegal. He has also been involved in political activism, campaigning for democracy and human rights in Africa.

Richest Musicians In Africa, Final Thoughts

Making money in music is something of a Holy Grail for musicians around the world, and while many western listeners think only of British and American bands and singers, there are people in other parts of the world creating music and earning money from it.

Successful African musicians tend to take their earnings and invest them in their net worth and philanthropic undertakings. These rich African musicians have done well with investments, and many of them take full advantage of their privilege, treating themselves to luxury items and amassing collections of art, jewelry, or cars.

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