24 Richest Musicians In Nigeria

From hip-hop to Afrobeats, Nigeria has a vibrant music scene where talented artists can become successful and achieve international fame.

While most people immediately think of names like Davido or Burna Boy when the topic of Nigerian music comes up, there are many other successful Nigerian artists. So let’s take a closer look at the richest musicians in Nigeria.

9ice – $1.2 Million

9ice

With his unique lyrics in Yoruba, 9ice highly represents the indigenous influence on the modern Nigerian music industry.

This artist has been making music since the mid-90s but wasn’t famous until the early 2000s. With 12 albums and hits like ‘Gongo Aso,’ royalties and physical sales have contributed to his net worth.

9ice also earned money by performing at concerts, including the Nelson Mandela 90th Birthday Tribute Concert in 2008.

The singer spent money on a political campaign when he ran for the Nigerian House of Representatives in 2015. He has also bought a luxurious home in Lekki and owns exotic cars, including a Ferrari LaFerrari that cost $1.5 million at its release.

Duncan Mighty – $1.5 Million

Duncan Mighty

With five studio albums and hit duets with Nigerian artists like Tiwa Savage and Yemi Alade, Duncan Mighty is an incredibly successful recording artist. His background as an audio engineer allows him to produce high-quality music that blends reggae, R&B, and hip-hop.

Duncan Mighty’s net worth comes from his successful musical career. With over 111,000 monthly listeners on Spotify, royalties represent a steady income. The artist has also invested some of his money in business ventures that have paid off.

Duncan Mighty doesn’t live a luxurious lifestyle. However, the artist has spoken about the importance of sharing his wealth with those around him, and he genuinely enjoys being able to make a difference around him.

He is currently working on creating a TV station, a project representing a significant investment of time and money. He also showed that he likes having fun with his money by organizing a contest on social media and awarding 200,000 Naira to the winner.

Runtown – $1.6 Million

Runtown

Runtown is a talented Nigerian artist who built wealth by releasing and producing music. He is one of the few successful artists who self-produced his first tracks with the release of ‘Mad Over You’ in 2016.

The R&B artist is also a successful producer. He was a partner on the Penthauze label before launching his record label in 2018, Soundgod Music Group. Co-writing and co-producing the Davido song ‘Aye’ was another lucrative project for the young artist.

Runtown's modern and edgy image helps him secure large endorsement deals with brands like Versace or Adidas.

 Runtown doesn’t display his wealth on social media and focuses on artistic content instead. However, the singer and producer owns a Lamborghini Gallardo worth around $110,000 and spends money supporting the non-profit, We Are New Africa.

Wande Coal – $1.7 Million

Wande Coal

Wande Coal got his start in the entertainment industry as a dancer. However, his writing and singing talent quickly became evident, turning him into a star. His song ‘Ololufe’ is still one of the most recognizable Nigerian love songs.

The artist released a total of three albums between 2009 and 2020. With an impressive 1.8 million monthly Spotify listeners, royalties significantly contribute to his net worth. Wande Coal has signed endorsement deals with brands like Globacom or Guaranty Trust Bank and owns the record label Black Diamond Entertainment.

When it comes to spending money, Wande Coal remains discreet. The singer tends to keep his life private, probably to protect the privacy of his young son. However, the singer and producer appeared on social media with imposing gold chains and a stylish gold watch.

Chidinma Ekile – $2.8 Million

Chidinma Ekile

Chidinma Ekile launched her music career by winning the third season of Project Fame: West Africa. She released two studio albums, two EPs, and over 15 singles. She also appeared on over ten tracks as a featured artist.

Her albums and singles are a reliable source of royalties contributing to her net worth. Still, Chidinma Ekile recently launched her fashion brand, NMA Clothings, to earn an additional income.

The singer initially recorded Afropop music but announced she would become a gospel artist in 2021. This decision reflects her values, and the artist prefers leading a simple lifestyle where religion and philanthropy are essential values.

Her Instagram shows simple vehicles and a mix of stylish but straightforward outfits and accessories. Chidinma Ekile also launched the NMA Foundation, a non-profit dedicated to helping blind children in Africa. She likely contributes to this important cause with her time and financial resources.

Yemi Alade – $4 Million

Yemi Alade

Yemi Alade rose to prominence with her 2014 hit ‘Johnny.’ Since then, this successful Nigerian artist has released five studio albums and gone on as many world tours.

The ticket sales from these world tours contributed to her net worth, but Yemi Alade is also the first female artist from Africa to get over one million subscribers on YouTube. Online streams represent a significant source of royalties.

Yemi Alade also worked as a coach on seasons two and three of The Voice Nigeria and appeared in ads for Shell Oil. She is also a successful fashion designer and launched her own brand called House of Tangerine.

Yemi Alade lives life to the fullest. She doesn’t share pictures of flashy vehicles and has kept her residence a secret. Still, her Instagram includes images of her wearing stylish outfits, and she also enjoys spending money on travel and leisure.

M.I. Abaga – $4 Million

M.I. Abaga

With five studio albums and various mixtapes, M.I. Abaga is a successful Nigerian rapper with a large fanbase. His net worth results from stream royalties, live performance, and earnings from multiple activities.

These activities include appearing as a judge on a season of Glo X-Factor, acting in two movies, and working as CEO of the record label Chocolate City before launching Incredible Music in 2020. M.I. Abaga has also represented brands like Glo Mobile. 

His Instagram shows that the rapper enjoys traveling, which might be one of the things he spends his money on. He has also posed with luxury vehicles like a Mercedes G Wagon or Bentley Continental GT.

KCee – $4.5 Million

KCee

KCee is a singer and producer and the brother of Nigerian millionaire E-money. He has released two studio albums and established himself as a successful producer by winning a Producer of the Year Award in 2013.

His net worth results from earning royalties and concert ticket sales over the years. He also signed two endorsement contracts with MTC worth millions each in 2013 and 2015.

His brother, E-Money, is at the head of Five Star Group and Emy Cargo Limited. These successful business ventures are a food company and a freight business. KCee has received expensive gifts from his brother and might have financial interests in these companies.

KCee has invested in real estate by purchasing a luxurious home in Lagos. The singer also owns a mansion in the village where he grew up in Anambra.

The singer’s Instagram is full of images where KCee posts with diamond jewelry, but the singer also owns a Toyota Land Cruiser worth $85,000 and a gold-plated Cadillac Escalade.

Patoranking – $5 Million

Patoranking

Pantoranking is a dancehall and reggae singer with three studio albums and over 25 singles released since 2009. He has also appeared as a guest on musical tracks.

His prolific musical career earned him royalties, but Patoranking became a multimillionaire thanks to concert ticket sales. His background as a dancer makes him an exertional live performer.

Launching the record label Amari Musiq in 2018 and becoming an ambassador for brands like Skyy Vodka and Air Telecommunication also contributed to his net worth.

Pantoranking owns a luxurious home in the Elite Metro Garden community in Lagos. The artist also has an expensive collection of cars, including a Porsche 911 worth around $105,000, a Porsche Boxster valued at $65,000, and a Lamborghini Urus that retails for $235,000.

The artist also spends money to help Nigerian students through the ALU Patoranking Scholarship program he launched in 2019.

Harrysong – $5 Million

Harrysong

Harrysong emerged as a successful Nigerian artist in the early 2010s. This pop and R&B singer has released three studio albums and recorded nearly 20 singles, including hits like ‘Beta Pikin’ or ‘Mandela,’ one of the most downloaded ringtones of the early 2010s.

These hits helped him earn millions through downloads, streams, and physical sales. The artist has also represented significant brands like UAC Foods. However, he recently revealed that he had lost on some lucrative endorsement deals because he feared falling victim to online scams.

Harrysong is enjoying success and spending money on himself and his family. The singer has purchased a gorgeous home in the state of Lekki Lagos and seems to enjoy collecting cars.

He has recently appeared with a Mercedes Benz S Class, a car valued at $124,000. However, Harrysong’s Mercedes is a bulletproof Mercedes worth even more. The singer also owns a Hummer and enjoys posing with retro cars on social media.

Dr. Alban – $5 Million

Dr. Alban

Dr. Alban is a Europop artist who has achieved success since the 1980s. He is originally from Nigeria and moved to Sweden as a dentistry student. After working as a dentist for some time, he decided to pursue a full-time career as an artist and DJ.

With hits like ‘It’s My Life’ or ‘Hello Afrika,’ Dr. Alban has sold an impressive 16 million records worldwide. Commercial successes in Germany and Austria have contributed to his net worth, but the artist also owns the record label Dr. Records.

Dr. Alban is a private person who doesn’t share much about how he spends his money.

Falz – $5 Million

Falz

Falz established himself as a successful rapper by writing humorous and satirical lyrics set to catchy Afropop tunes. From early successes like ‘Wahz Up Guy’ to achieving mainstream fame with ‘Marry Me’ in 2014, Falz has consistently earned money through record sales and online streams.

In 2018, his take on Childish Gambino’s ‘This Is America’ titled ‘This Is Nigeria’ went viral on social media and resulted in millions of views.

Falz also earns an income through his record label Bahd Guys Records, and has collected 12 movie and TV credits. Performing in concerts and events like ISLFEST is another source of revenue, as well as endorsements for companies like Bamboo Invest.

Falz mainly uses his social media presence to raise awareness of important issues affecting Nigeria and encourage people to vote. Still, he doesn’t share much about his lifestyle or how he spends his millions.

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