As of the latest Forbes report, here are ten of the highest-earning musicians in Nigeria, along with their net worth and career achievements:
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| Davido, Wizkid & Burna boy |
Davido
- Net Worth: $100 million
- Achievements: Multiple awards, global collaborations, and hit albums like "A Good Time." His wealth comes from diverse sources including music sales, streaming, live performances, and lucrative endorsement deals with MTN, Infinix, Puma, and Martell. Davido's label, DMW, has fostered the careers of many upcoming artists, contributing to his growing influence in the industry. He also owns luxury properties in Lagos and Atlanta and recently added a private jet to his assets.
Wizkid
- Net Worth: $80 million
- Achievements: Grammy winner, influential albums like "Made in Lagos," and numerous international hits. Wizkid, often called Starboy, remains a global ambassador of Afrobeats. With hit songs like "Essence" and collaborations with Drake, Beyoncé, and Justin Bieber, Wizkid has cemented his place in global music. His wealth comes from record sales, concerts, and endorsements, including deals with Ciroc and Nike. He frequently sells out major arenas like the O2 in London and continues to expand his brand internationally.
Burna Boy
- Net Worth: $60 million
- Achievements: Grammy Award winner, international tours, and hit albums like "Twice as Tall." Burna Boy's Grammy-winning career catapulted him to international recognition. Burna Boy, known for fusing Afrobeat, reggae, and pop, is one of Africa's highest-paid performers. His riches is derived from sold-out concerts, album sales, and endorsements with Nike, Ciroc, and others. Burna Boy's opulent lifestyle, which includes fancy automobiles and a Lagos house, reflects his financial success.
P-Square
- Net Worth: $30 million (combined)
- Achievements: Iconic duo with multiple hits, numerous awards, and a successful reunion tour.
Olamide
- Net Worth: $25 million
- Achievements: Popular albums, successful label YBNL, and significant influence in Afrobeats. Olamide, a successful rapper and the creator of YBNL Nation, has established a sizable empire in the Nigerian music industry. Olamide is well-known for his ability to rap in both Yoruba and English, and he has created several successful albums and singles. His earnings come from performances, music sales, and endorsements with companies such as Monster Energy and Itel Mobile.
Tiwa Savage
- Net Worth: $20 million
- Achievements: International collaborations, numerous awards, and a major role in popularizing Afrobeats. Tiwa Savage, a trailblazer for female Nigerian artists, has garnered global notoriety through hits like "Somebody's Son" and collaborations with global performers such as Beyoncé. Her income is generated by music, a fashion line, and endorsements with companies such as Pepsi and Maggi. Tiwa Savage continues to encourage new female musicians while broadening her reach outside Africa.
Flavour N'abania
- Net Worth: $15 million
- Achievements: Unique sound, multiple hit songs, and a significant influence in highlife music.
Mr Eazi
- Net Worth: $10 million
- Achievements: Blending Afrobeats with other genres, successful tours, and strong entrepreneurial ventures.
Niniola
- Net Worth: $5 million
- Achievements: Popular hits, strong fan base, and recognition in Afropop.
Yemi Alade
- Net Worth: $4 million
- Achievements: International recognition, numerous awards, and popular tracks like "Johnny."
This list reflects their earnings and highlights their contributions to the music industry according to Forbes.
Conclusion
These musicians are more than simply musicians; they are brands, entrepreneurs, and trend setters. Their impact on the worldwide music industry emphasizes the potency of Afrobeats and Nigeria's promise on the global arena. Their ability to diversify incomes through endorsements, tours, and wise business decisions sets a high standard for the next generation of artists.