1. Wizkid – Net Worth: $30 million.
Relevance: As an Afrobeat icon, Wizkid consistently ranks among Africa’s top-earning artists. His influence spans international collaborations with stars like Drake and Justin Bieber. With his latest tours and award wins, Wizkid continues to be a significant cultural ambassador for Afrobeat worldwide.
2. Davido – Net Worth: $29 million.
Relevance: Known for his groundbreaking hit “Fall,” Davido’s relevance stems from his success across multiple markets and his influential social media presence. His recent albums and partnerships with global brands, such as Puma, have made him a vital figure in African pop culture.
3. Burna Boy – Net Worth: $25 million.
Relevance: A Grammy winner with a global audience, Burna Boy is a trailblazer for Afro-fusion music, gaining global festival spots and collaborations with high-profile artists like Ed Sheeran. His recent tour revenue and collaborations further cement his status in international music.
4. Don Jazzy – Net Worth: $20 million.
Relevance: Although primarily a producer and label executive, Don Jazzy’s role in developing artists through Mavin Records has positioned him as one of Nigeria's most influential industry figures. His business ventures and branding deals with companies like Betway make him an essential player in Nigerian entertainment.
5. Olamide – Net Worth: $15 million.
Relevance: Olamide is celebrated for popularizing street-inspired rap in Nigeria. His YBNL label has nurtured talents like Fireboy DML, helping to shape the local music scene. With endorsements and consistent album releases, he remains a relevant figure in Nigerian music.
6. Mr. Eazi – Net Worth: $13 million.
Relevance: Apart from his music career, Mr. Eazi is recognized for his investment in music tech with emPawa, which supports emerging African artists. His blend of Afrobeat with international genres and innovative business approach keeps him highly relevant.
7. Tiwa Savage – Net Worth: $12 million.
Relevance: Often referred to as the “Queen of Afrobeat,” Tiwa Savage has a significant global following, reinforced by her collaborations and brand partnerships. She remains a powerful voice in Nigerian music, especially for women in the industry.
8. 2Baba (2Face) – Net Worth: $10 million.
Relevance: One of Nigeria's pioneering Afrobeat artists, 2Baba's longevity and influence have made him a respected industry veteran. His relevance endures through consistent releases and partnerships, notably as an ambassador for several organizations.
9. Phyno – Net Worth: $9 million.
Relevance: Known for his indigenous Igbo rap style, Phyno has a unique influence in Nigeria’s southeastern music scene. His collaborations with top Nigerian artists and brand endorsements, especially in the eastern region, maintain his relevance.
10. Flavour – Net Worth: $8 million.
Relevance: Renowned for his highlife music, Flavour’s appeal crosses into the traditional music market. He remains a popular performer, particularly in the African and diaspora communities, with a steady stream of brand endorsements.
11. D’banj – Net Worth: $7 million.
Relevance: Once a top artist in Nigeria, D’banj now balances his music with business ventures and endorsements. His influence today is more in business circles, but he still enjoys a solid reputation as one of Afrobeat’s early pioneers.
12. P-Square (Peter and Paul Okoye) – Net Worth: $16 million (combined).
Relevance: Known for their energetic performances and dance routines, the P-Square duo remains a household name. Their recent reunion has rekindled interest, maintaining relevance through tours and nostalgia for their extensive catalog.
13. Tekno – Net Worth: $6 million.
Relevance: Tekno’s music production and solo hits have made him influential within Nigeria’s pop scene. Known for catchy tunes like Pana, he’s involved in high-profile collaborations that keep him relevant in Afrobeats.
14. Yemi Alade – Net Worth: $5 million.
Relevance: Yemi Alade’s fame extends across Africa, especially with her global hit Johnny. Known for her Afrocentric style, she remains relevant as a cultural figure and an ambassador for African music worldwide.
15. Timaya – Net Worth: $5 million.
Relevance: With his dancehall-inspired sound, Timaya has a dedicated fan base. His long-standing presence in the industry, combined with strategic endorsements, maintains his popularity.
Each artist brings a unique element to Nigeria’s music landscape, from international breakthroughs to strong brand influence, making them some of the wealthiest and most relevant figures in African music today.