Nigerian Afrobeats singer Ayodeji Balogun, popularly known as Wizkid, has set a new record as the first African artiste to hit 11 billion streams on Spotify, marking another milestone in his global music career.
This was announced on Tuesday by music data handle @ChaftsAfrica on X, (formerly Twitter) naming him the first African artiste to reach the milestone.
The post reads: “First African artists to reach major Spotify milestones:
“1 billion — Wizkid, 2 billion — Wizkid,
3 billion — Wizkid, 4 billion — Wizkid,
5 billion — Wizkid, 6 billion — Wizkid,
7 billion — Wizkid, 8 billion — Wizkid,
9 billion — Wizkid, 10 billion — Wizkid,
11 billion — Wizkid.”
The milestone came days after the release of Wizkid’s collaboration with DJ Tunez titled “State of Mind” on May 15, which recorded more than 685,000 Spotify streams globally within its first day.
Earlier in January, ‘Big Wiz’, as the singer is fondly called by his teeming fans and industry peers, became the first African artiste to reach 10 billion streams on Spotify.
Entertainment stakeholders and fans have also described the milestone as another major moment for African music on the global stage.
As of the year 2025, Wizkid has surpassed Davido to become the richest musician in Nigeria based on his total music and album sales, lucrative endorsements, and impressive net worth. Here is a comprehensive list of the top 10 wealthiest musicians in Nigeria,dockaysworld.com.ng
Rank
Name
Net Worth
1
Wizkid
$30 million
2
P-square
$27.26 million
3
Davido
$26 million
4
Don Jazzy
$25 million
5
Burna Boy
$22 million
6
Olamide
$15 million
7
2Baba
$13.5 million
8
Phyno
$12 million
9
Tiwa Savage
$10 million
10
Timaya
$9 million
Summary of Nigeria’s Richest Singers
Table of contents
1. Wizkid
2. P Square
Houses
Cars
3. Davido
4. Don Jazzy
5. Burna Boy
Cars
Houses
6. Olamide
7. 2Baba
Houses
Cars
8. Phyno
House
Cars
9. Tiwa Savage
10. Timaya
Houses
Cars
1. Wizkid
Wizkid is the richest musician in Nigeria with an estimated net worth of over $30 million (39 Billion Naira) in 2024 which he earned through a combination of royalties from record releases and sales, live performances, endorsements, and other commercial ventures.
Between 2018 and 2024, Starboy earned a whopping $35 million from his music tours, selling albums, and brand deals.
This has made him one of the top 10 highest-earning musicians in Africa.
Below a table showing Wizkid’s annual networth from 2017-2024:
Year
Net Worth
2024
$35 million
2023
$30 million
2022
$26 – 28 million
2021
$24 million
2020
$22 million
2019
$15 million
2018
$5 million
2017
$4 million
Over the years, the singer has diversified his income streams by owning a record label, and personal companies while also working as an ambassador for other top brands such as Pepsi, Ciroc, Guinness, UBA, MTN, Glo, Dolce and Gabbana, Puma, and Nike.
With millions of monthly listeners, Wizkid’s music generates substantial revenue from streaming alone.
He is the first and only Nigerian to have sold out the 02 Arena in the United Kingdom three days in a row in the fastest time, and he has performed there on multiple occasions.
Aside from his streaming success, Wizkid owns several houses, luxury cars, jewelry, and landed properties worth millions of dollars.
In 2013, Wizkid bought his very first house in Lekki, Lagos for N 68 million and then purchased another house in Ojuelegba Surulere, for his parents.
He also owns a 3-storey mansion in Los Angeles, which reportedly cost between $10 million and $15 million.
Below is a list of some of his most expensive cars and their worth:
Wizkid Cars
Price in Naira
Lamborghini Aventador
₦620 Million
Rolls Royce Cullinan
₦438 Million
Lamborghini Urus
₦350 Million
Mercedes Benz V Class (2019)
₦78 Million
Mercedes-Benz G-wagon
₦70 Million
Porsche Panamera
₦60 Million
Porsche Cayenne
₦18 million
BMW X6 crossover
₦15 million
2. P Square
P-Square, (Peter Okoye (Mr.P) and Paul Okoye (Rudeboy), Born November 18, 1981, in Jos), comfortably sit among the top ten richest artists in Nigeria with a combined net worth of $27.26 million.
The twins earn money from music and album sales, live shows, multiple brand endorsement partnerships, and their companies.
Despite owning multiple properties in Nigeria and overseas, P-Square bought a private jet worth millions of dollars in 2012 as a show of their wealth and affluence.
In addition, Mr. P also owns the online Lottery Platform, ‘Zoom Lifestyle’, where he rakes in millions daily.
Houses
Paul Okoye of P-Square, aka Mr P, has a luxuriously furnished 1.5 billion NGN condominium in Banana Island, Lagos.
Rudeboy of Psquare is the owner of a magnificent home in Parkview Estate, Ikoyi, Lagos, Nigeria.
Cars
Mr P’s impressive collection of cars includes:
Range Rover
Mercedes-Benz G Wagon
Porsche 718 Cayman
Rudeboy also owns a fleet of vehicles, which includes:
BMW X6
Mercedes Benz C Class
Jeep Wrangler
Lamborghini Aventador Roadster
Range Rover Vogue
Lamborghini Huracan
3. Davido
David Adeleke, popularly known as Davido, is a Nigerian musician who tops the list of Nigeria’s richest singers with a net worth of $30 million (34 Billion Naira) in 2025.
Davido earns his income, from record sales, streams, live performances, international tours, and major endorsement deals with Munch it, Pepsi, Martell Blue Swift, Infinixv Wema Bank, PUMA, and Travelbeta, as well as Close Up, Guinness, and Mtn Pulse.
Besides his music career, he is also the founder of Davido Music Worldwide (DMW) record label which generates significant income for him.
David owns three houses, one in Atlanta, USA, and two in Nigeria with several luxury cars and landed properties worth millions of dollars.
The singer recently purchased a Bombardier 7500 private jet worth over $80 Million.
Despite his privileged background, Davido has worked hard to become one of the most successful self-made millionaires in the Nigerian music industry.
4. Don Jazzy
Born on November 26, 1982, in Umuahia, Abia State, Nigeria, Don Jazzy, whose real name is Micheal Ajereh Collins, is the 4th richest musician in Nigeria with a net worth of $25 million (19 Billion Naira) in 2025 according to Forbes Africa.
Don Jazzy earns his income primarily from his role as the founder of Mavin Records, the biggest and most successful record label in Nigeria with top singers like Rema, Ayra Starr, Crayon, and Johnny Drille all signed under him.
His other sources of income include promotions, and endorsement deals with major brands like MTN, Loya Milk, Samsung, Konga, Glo, Hantec Market, and Quidax.
Don Jazzy also generates income from his personal companies Mavin Energy and Jazzy’s Burger which he launched in 2013 and 2022 respectively.
He owns multiple luxury houses, cars, and properties in Nigeria.
His cars include;
Porsche 911 Carrera
Toyota Prado
Lexus LX 570
Range Rover Sport
Bentley Flying Spur
Cadillac Escalade SUV
Mercedes Benz G-wagon
5. Burna Boy
Damian Ogulu, popularly known as Burna Boy, is a Nigerian singer and songwriter with an estimated net worth of $22 Million (17 Billion Naira) as of 2025.
He is one of the highest-paid artists when it comes to his live shows, having sold out stadiums and concert venues both in Nigeria and internationally.
Apart from his music career, Burna Boy has also signed partnerships with several popular brands, including Nike, Cîroc, and Apple Music, where he serves as an ambassador.
Most of his revenue is generated from the sales of his albums and singles, in addition to earnings from endorsement deals, tours, and features from other artists.
Cars
Top 10 Richest Musicians in Nigeria By Net Worth (2025) 4
Burna Boy owns some of the best luxury cars in the music industry.
Among his fleet of cars include:
Car
Price in Naira
2022 Lamborghini Urus Novitec Edition
₦250,000,000
Rolls-Royce Dawn Convertible
₦300,000,000
Mercedes Maybach S650
₦250,000,000
2013 Ferrari 458 Italia
₦100,000,000
Range Rover Autobiography
₦ 75,000,000
Top 10 Richest Musicians in Nigeria By Net Worth (2025) 5
Houses
Burna Boy bought a lavish 8-bedroom mansion worth millions of naira in Lekki, Lagos.
The singer himself confirmed the news by sharing glimpses of his new house on social media.
6. Olamide
Born Olamide Adedeji on March 15th, 1989, in Bariga Lagos State, Olamide is a Nigerian rapper, singer, songwriter, and YBNL record label owner.
With an estimated net worth of $15 million, Olamide has become one of the wealthiest musicians in Nigeria.
Olamide’s income comes from various sources, including album sales, song streams, concerts, record deals, and his record label, YBNL Nation.
He has also signed endorsement deals with several Nigerian and international brands, including CIROC, Guinness, Globacom, Etisalat, iTel, Goldberg, and National Lottery.
Olamide’s success story is a source of inspiration to many, as he has worked very hard to achieve his dreams.
7. 2Baba
Innocent Ujah Idibia known on stage as 2baba or 2face is a super-talented singer from Jos, Plateau State born on September 18, 1975.
2baba’s net worth has been estimated to be $13.5 million in 2024 making him one of the richest artists in the country.
Currently, He has nine albums under his belt and has sold more than 50 million copies of his music worldwide.
One of his most successful albums is ‘African Queen,’ which alone has sold over 5 million copies worldwide earning him income till date.
Houses
According to online sources, he reportedly owns properties in the United States and Nigeria, specifically Lagos and Benue.
He has a five-bedroom duplex in Richmond Gate Estate and a luxurious property on Banana Island.
Cars
2baba is not exactly the type of artist who flaunts his cars, however, he has been reported to own a Lincoln Navigator and a Chevrolet Corvette, worth 36 million Naira.
8. Phyno
Phyno, whose real name is Chibuzor Nelson Azubuike, was born on October 9, 1986, in Enugu State, Nigeria.
With a net worth of $12 million, Phyno is one of the highest-earning musicians in Nigeria.
Phyno earns his money through multiple sources, with his music being the primary one.
A significant portion of his net worth comes from his concerts, records, show performances, social media promotions, and brand ambassadorial deals with Airtel, Life Continental Lager Beer, and Hero.
House
It was revealed that Phyno bought twenty new homes, worth millions in Lagos from the Empire Terrace Project by Victoria Crest Homes.
Cars
Below is a list of all Phyno’s cars and their prices:
She is one of the few artists who have remained consistent in the industry over the years.
Tiwa’s sources of income include ticket sales, sponsorships, merchandise sales, and streaming royalties from her concerts and tours.
10. Timaya
Born Inetimi Alfred Odon on August 15, 1980, Timaya is a Nigerian singer and songwriter who has built an impressive net worth of $9 million.
His primary source of income stems from record sales, streams, shows, and his endorsement deal with Hennessy, Globacom, and MTN contributing significantly to his earnings.
In 2021, Timaya released the hit single “Cold Outside” which had over 75 million streams and over 500 million plays worldwide.
His YouTube channel boasts over 50 million views and half a million subscribers, making a significant amount of income.
Houses
Timaya has multiple houses in Nigeria, one of his houses is said to have been worth about N200 million.
He has also been reported to own houses in very upscale areas in Port Harcourt and Lagos.
Cars
Timaya’s garage is filled with the latest models of top luxury vehicles.
Here is a list of his cars;
Mercedes Benz G55 AMG (Price – N55 Million)
Lexus SUV GX269 (Price – N33 Million)
Mercedes Benz GLE (Price – N25 Million)
Range Rover Sport 2016 Model (Price – N19 Million)
Range Rover Sport 2013 Model (Price – N17 Million)
Born on November 26, 1982, in Umuahia, Abia State, Nigeria, 
