Music nowadays is not only referred to passion anymore but to money-making as well. We can see a lot of music stars become successful tycoons while others are truly busy with advertisements? Music now seems like a bridge that connects a famous to a more fruitful land. Have you ever thought about who amongst our Nigerian artists are doing it best? Now check out our Top 10 richest artists in Nigeria according to Forbes to find out!

Top 10 richest artists in Nigeria

First, let's go briefly through who they are and how much their net worths are before Naijacarnews dive deeper about their ways and activities that raising their status in the music industry.

1. Wizkid

• Net worth: N9.8 billion

Ayodeji Ibrahim Balogun was born on July 16, 1990, in Lagos, Nigeria. He’s apparently the richest musician in Nigeria with his music not only recognized locally – but overseas thanks to collaborations with the likes of Drake, Trey Songz, Chris Brown, and French Montana.

Wizkid obtained success from tender ages

Wizkid came to public recognition with his hit Holla at Your Boy which earned him Next Rated Award at the 2011 Headies. Although he hasn’t raked in a Grammy yet, he has won several notable awards across Africa, some of which include 4 MTV Africa Music Awards, 3 MOBO Awards, 2 BET Awards, 1 MTV Europe Music Award, etc.

In 2018, Wizkid partnered with the Nike brand and sold out his Nike Starboy Jersey. The same year witnessed him being paid a huge sum of $681,200 to perform in India at a royal wedding at Umaid Bhawan Palace. Wizkid also modeled for Moschino and Dolce & Gabbana in Italy.

Let’s not forget his numerous endorsements, among others, are with Ciroc, Pepsi; and how he sold out the 20,000 capacity O2 Arena, London for his Afro Republik concert.

Wizkid's Cars

• Black Honda Accord I-VTEC - N8 million
• Bentley Continental GT Speed Convertible - N45-N50 million
• BMW X6 - N11 million
• Hyundai Sonata - N6 million
• Porsche Cayenne – N18 million
• Lamborghini Urus – N101 million
• Mercedes-Benz 2012 Compressor - N10 million
• Porsche Panamera - N25 million

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Wizkid's houses

• Los Angeles home, purchased in 2016 - $15 million
• Home in Lekki, Lagos – N68 million
• Home in Surulere, Lagos – N13 million

Wizkid's house in Los Angeles

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2. Davido

• Net worth: N9.2 billion

Davido was born in Atlanta, USA, on November 21, 1992. He was raised in Lagos and he’s originally named David Adedeji Adeleke. OBO, as he’s fondly called, comes from a wealthy family and his uncle, Senator Adeleke, is also recognized as an occasional entertainer.

Davido began his journey with the hit single “Omo Baba Olowo”, and the consequent albums that followed gained prominence across Africa and internationally as well. He currently owns a record label called DMW, which is also known as the “30 Billion Gang”.

Davido is the first Africa-based artiste to receive an award on the BET Awards main stage.

The 26-year-old hitmaker is currently dating a pretty chef, Chioma, whom he dedicated his popular “Assurance” to. Davido has two daughters from different Baby Mama’s – Hailey Veronica Adeleke and Aurora Imade Adeleke.

Davido's cars

• Chevrolet Camaro GS - ₦11 million
• Toyota Land Cruiser - ₦17.5 million
• Range Rover Sport 2017 - ₦80 million
• Ferrari 458 Italia - ₦58 million
• Mercedes Benz G-Wagon - ₦30 million
• Range Rover Sport 2015 - ₦35 million
• Rolls Royce Phantom - ₦100 million
• Audi Flat Back GGX 2012 - ₦9 million
• Mercedes Benz GLE 450 - ₦27 million
• Audi R8 2015 - ₦22 million
• Porsche Carrera - ₦20 million

Davido's houses

• Lekki home – N140 million
• Atlanta Georgia home, USA - $20 million

His house in Lekki is quite popular; he's known to have other members of his record label in his Lekki home

3. Don Jazzy

• Net worth: N8.7 billion

The likable singer and music producer was formerly a co-founder of defunct Mo’hits Records along with D’banj, founded in 2004. The record label was dissolved and he created Mavin Records on May 8, 2010, it is by far one of the strongest record labels in Africa.

Don Jazzy is a proud owner of one of the largest record labels in Africa

Michael Ajereh Collins is a brand ambassador for Scotch Whisky Johnnie Walker. Recently, the talented Mavin group received investments worth millions of dollars from Kupanda Holdings. This was done in respect of expanding the record label to Mavin Global.

Don Jazzy's Cars

Aside from music, people know about Don Jazzy as a true car enthusiast, his garage is flooded by exotic models that the Bentley brand seems his favorite. In all of his models, the musician seems to pay more love to his Bentley Continental (acquired in 2018) than any other car.

• Porsche Carrera - N32,000,000
• Bentley Continental - N70,000,000
• Cadillac Escalade - N26,000,000
• Range Rover - N23,000,000

Don Jazzy's houses

• Banana Island home, Lagos Island – N150, 000, 000
• Lekki home, Lagos Island – N160,000,000

He owns a house in Nicon Estate, Lekki, Lagos

Video: The rich life of Don Jazzy

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4. D’banj

• Net worth: N6.2 billion

Kokomaster, as he’s fond, is a true African entertainer. His real name is Oladapo Daniel Oyebanjo but he’s gotten himself other names like Eja Nla meaning “Big Fish” as well as The Entertainer, and Bangalee.

A great loss from his brother's death pushed D'banj to make his name in the music industry

D'banj was born on June 9, 1980, the Kokomaster began using the harmonica (mouth organ) through his late brother, Femi Oyebanjo, who died at age 17 in a plane crash. The instrument later became his signature, as he played it in almost all his songs.

D’banj is also an entrepreneur, a rapper and he has bagged several awards like the Best International Act for Africa, at the 2011 BET Awards, Best African Act at the MTV Europe Music Awards 2007, Artist of the Year at the MTV Africa Music Awards 2009, and many others.

He was formerly on the same record label with Don Jazzy, Mo’hits, which broke up, after which he was signed to Kanye West's G.O.O.D Music record label in 2011. He left Good Music in 2016 and later joined SONY Entertainment.

D’banj had a secret wedding with Lineo Didi Kilgrow in 2016, and they both had a son, Daniel, who died in 2018.

D’banj's cars

Looking at D'banj car collection, you know he only cares about exotic cars!

• Aston Martin Vintage - N72 million
• Bentley N46.5m
• Porsche 911
• 2 Toyota Jeeps - N12.2 million each
• Rolls-Royce - N96 million or more
• Ferrari

D'Banj is also known to be the man of generosity when once surprising CheekyChizzy with a Range Rover SUV gift.

D'Banj's house

He also has a home at Ikoyi and Lekki, on the Lagos Island.

Like other celebrities, D'Banj lives in a house located in Lagos

5. 2Face

• Net worth: N6 billion

His real name is Innocent Ujah Idibia and he’s also popularly called 2 Baba. He’s a record producer, songwriter, singer, and entrepreneur, who begun blessing us from 2004 as a solo artist.

Opposed to a large number of his awards, 2Face is known to have only 2 cars

The hit single African Queen cannot be forgotten in a hurry, as it has remained evergreen since released in 2006. Several singles followed the sensational African Queen and through times, he’s won himself legendary status in Africa with 45 prominent awards.

Apart from owning Hypertek Records, he owns Rumours Night club at Ikeja, Victoria Island, and Festac Town, Lagos.

2Face's Cars

• Chevrolet Corvette Coupe
• Ferrari Coupe

Besides vintage vehicles, he loves sports cars

The Chevrolet Covette wedding gift for 2Face and his wife

2Face's Houses

2face owns a house in Lekki (Lagos Island) worth N400 million, Banana Island (Lagos Island), Festac Town (Lagos Mainland).

He definitely owns more houses, but he's really not the into showing off

6. Mr. P

• Net worth: N5.9 billion

Originally named Peter Okoye, Mr. P used to sing with his identical twin brother, Rudeboy (Paul Okoye). The duo was named P Square and they split about two years ago.

Mr. P is still doing great after P-Square disbanded

From Bizzy Body to Do me, Temptation, Omoge Mi, and a lot of other hit singles, the P Square has been thrilling Africa for a long period, and their net worth used to combine. As a songwriter and dancer, Mr. P began his solo career right after the split and so far, he has released Wokie Wokie, Ebeano, Look into my eyes, and his latest hit, One More Night, featuring Niniola.

Peter Okoye married Lola Omotayo in 2013 and they have two kids, Cameron, and Aliona Okoye. Also, he’s a brand ambassador to Kia Motors, Tecno, Olympic Milk, and a few others.

Mr. P's cars

The seperation of P-Square gave way for Mr. P to have a successful solo career. Look how the P-Square Ex-member flaunts fleet of cars in new photo on Instagram, you'll know.

Mr. P's House

While the twins still sang together, they have several houses in Nigeria: Ikoyi, Parkview Estate, Banana Island, Lekki, and a twin duplex mansion, located at in Omole Estate, Lagos. However, following their separation, the twin duplex was put up for sale at N320 million. They jointly acquired private jet (worth about N15 billion) before the separation and we don’t think that was sold too.

Mr. P owns a home in Ikoyi (Lagos Island) and Atlanta, USA. Also, exotics rides like a Benz G-Wagon, a Dodge Challenger, and two Range Rovers have been pictured in his garage.

Mr. P inside his Banana Island mansion, where he once hosted the richest man in Africa, Aliko Dangote

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7. Rudeboy

• Net worth: N5.8 billion

Rudeboy aka Paul Okoye is the identical twin brother of Mr. P, Peter Okoye, the duo formed P Square. It is safe to say that their fan base is currently fluctuating, as their collaboration was a vital reason for the love and recognition they got across Africa.  The separation has caused people to divide the love, and it seems like their fans are yet to decide.

Rudeboy has his own taste for cars: they are all exotic cars

However, Rudeboy, just like his brother, hasn’t relented in making good music. He recently released Reason With Me and Double Double, where he featured the popular Phyno and Olamide.

Rudeboy is happily married to Anita and they have three kids: Nadia, Andre, and Nathan Okoye.

Rudeboy's cars

• Wrangler Jeep
• BMW X6
• Range Rover Autobiography, worth about N86 million

Rudeboy's houses

Parkview Estate mansion, Ikoyi – worth more than $1 million

His current home on Lagos Island is also worth $800,000.

Rudeboy is currently living in Lagos Island

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8. Timaya

• Net worth: N5 billion

The Plantain Boy, as he’s popularly called, was born Inetimi Alfred Odon, in Port Harcourt, Rivers State on 29^th November 1980. He Originally hails from Bayelsa state and he’s also called Egberipapa 1 and Dem Mama Soldier.

Aside from his kids, nothing can thrill him more than exotic cars

Timaya dropped his first solo single, Dem Mama, in 2005 and his career has been boosted ever since then. His current hit is Balance and he has a good number of endorsements, some with Cognac Brand Hennessy and the Nigerian Telecommunication company, Glo.

Although not married, Timaya has two kids, Grace and Emmanuela.

Timaya's cars

The best part of about Timaya's car garage is the presence of his 3 Mercedes-Benz G-wagons in different colors but what are the others in Timaya's luxury car collection? Check out below:

• Range Rover Sport 2013 - N17 Million
• Mercedes-Benz G55 AMG - N55 Million
• Lexus SUV 2015 - N18 Million
• Bentley Continental GT - N72 Million
• Range Rover Sport 2016 - N19 Million
• Mercedes-Benz GLE - N25 Million
• Maybach

Timaya's house

Timaya currently inhabits a Lekki home worth N250 million.

9. Flavour

• Net worth: N3.7 billion

The Ada Ada crooner is a contemporary highlife king. His real name is Chinedu Okoli and he was born in Enugu state, on 23^rd November 1983. Although he used to focus majorly on English lyrics, he currently sings in the Igbo language. He performs majorly in live shows and he’s a brand ambassador to brands like Lafe Lager Beer, Bullet, Energy Drink, and a few others.

 

Flavour is enjoying life of a single father with luxury rides

Flavour has two daughters with ex-beauty queen, Sandra Okagbue and Anna Banner.

Flavour's cars

• 2012 BMW X6 18 million
• Mercedes Benz G-wagon - N40 million
• Land Rover - N25 million

He doesn't just sing, he has guitar skills as well

Flavour and Chidinma are usually seen together, but it looks more like a platonic relationship

10. Banky W

• Net worth: N1.5 billion

Oluwabankole Wellington. born on March 27, 1981 in the USA, is a Nigerian actor, politician, rapper, songwriter, and singer. Banky W dropped his debut single, Ebutte Metta, in 2008 – the song was modeled after Rihanna’s popular Umbrella, and it was an instant hit.

Apart from the various albums that contributed to his fame, he’s featured in a few blockbuster Nigerian movies along with his wife, Adesua Etomi Wellington.

As regards his houses and cars, Banky W is a little tightlipped with his physical assets, he rarely flaunts luxurious cars. He used to drive a 2008 Range Rover, but it was auctioned after he got amusingly mocked by a supposed slay queen, who felt he should be driving something much more expensive. Much later, he got two new SUVs for himself and his wife but refused to flaunt them as usual.

A perfect couple, dressed for a Game of Thrones-themed party in Lagos

According to his Instagram caption, this picture was taken in Paris

All are famous and rich but they have different ways to relish life. while some reach out for collections of luxury rides to see life more beautiful. Others keep closemouthed of their property to avert public attention. Hope that the Top 10 richest artists in Nigeria & their cars has brought you a good read. Find more articles like this on Naijacarnews.com's celeb cars.

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