Top 10 Richest Nigerians in 2024: Musicians and Businessmen In Nigeria

Nigeria boasts a vibrant music industry, and within its rich tapestry of talent, several musicians have risen to remarkable financial heights. These artists, with diverse musical styles, business ventures, and global recognition, collectively contribute to the country’s cultural and economic landscape. In this overview, we delve into the lives and successes of some of the wealthiest musicians in Nigeria, exploring their musical journeys, entrepreneurial endeavors, and the factors that have propelled them to the pinnacle of financial success in the music industry.

1. Burna Boy

Burna Boy, born Damini Ebunoluwa Ogulu, has established himself as a prominent figure in the music industry. His breakthrough to global success occurred around 2018, marking a significant turning point in his career. Burna Boy has achieved remarkable milestones, notably being the first Nigerian artist to receive consecutive Grammy nominations, showcasing his international recognition and acclaim.

In addition to his Grammy achievements, Burna Boy has also gained prominence as one of the most-streamed Nigerian artists. As of the information available, he holds the distinction of being the second most-streamed Nigerian artist, with Rema being the only one ahead in terms of streaming numbers. Burna Boy’s music has resonated with a global audience, contributing to his widespread popularity and success in the music industry.

2. Davido

Davido, whose real name is David Adedeji Adeleke, is a prominent figure in the music industry. Contracted to Sony Records alongside global icons like SZA, Pink, Future, and Meghan Trainor, Davido co-owns the HKN music record with his brother. Not only is he an artist, but he has also ventured into music entrepreneurship by signing various Nigerian artists under his label, including Peruzzi, Liya, and Mayorkun.

Davido’s career highlights include being Africa’s former top-selling artist and delivering a standout performance at the 2022 World Cup closing ceremony in Qatar, solidifying his status as one of Nigeria’s wealthiest musicians. He has received accolades from prestigious awards like BET and MTV. His global popularity is further emphasized by sponsorship deals with brands such as 1xBet, MTN, PUMA, and Guinness Nigeria.

Notably, Davido has secured major deals, including a €12 million ambassadorship with Martell Cognac in 2021 and a role with PlayStation in 2022. His lavish lifestyle is reflected in his ownership of two opulent homes, showcasing his influence and financial success in the entertainment industry.

3. Wizkid

Ayodeji Ibrahim Balogun, popularly known as WizKid, was born in 1990 and has become a prominent figure in the Nigerian music scene. At the age of 32, WizKid has earned recognition as a celebrated Nigerian singer, songwriter, and record producer. His musical journey commenced in 2009 when he signed with EME Records, and over the years, he has ascended to stardom with hit songs like “Holla at Your Boy.”

WizKid’s global impact was further amplified through collaborations, notably the chart-topping “One Dance” with Drake. This collaboration not only showcased his versatility but also contributed to his widespread acclaim, making him a household name not just in Nigeria but internationally as well. WizKid’s success reflects his talent and ability to resonate with a diverse audience.

4. Don Jazzy

Don Jazzy, whose real name is Michael Collins Ajereh, has made a significant impact on the music industry over the last three decades. His substantial wealth is closely tied to his involvement with Mo-Hits Records, a record label he co-founded with Nigerian singer Dbanj (Oladapo Daniel Oyebanjo).

The collaboration between Don Jazzy and Dbanj contributed significantly to their success in the music business. However, in 2012, Don Jazzy took a new step by founding Mavin Records, which has since become Nigeria’s leading record company. This move came after he and Dbanj decided to part ways, marking a new phase in Don Jazzy’s career. Mavin Records has played a crucial role in shaping the Nigerian music scene, and Don Jazzy continues to be a key figure in the industry.

5. Olamide

Olamide, also known as Baddo, is a highly influential figure in the Nigerian music industry. He holds the distinction of being the first Nigerian celebrity to sign an endorsement deal with Ciroc, and his brand endorsements span several other notable companies. With a significant impact in the music scene, Olamide charges between N2 million to N4 million per show.

As the president of YBNL Nation, Olamide has played a pivotal role in nurturing and producing talents, including artists like Asake and Fireboy DML. His impressive musical career boasts an extensive discography of 10 albums and over 40 singles.

Olamide’s contributions to the industry have earned him numerous honors, including Best Indigenous Artist and Album of the Year awards. His achievements extend globally, as evidenced by his recent nomination for the 2024 Grammy Awards, reflecting his multifaceted influence and recognition in the music landscape.

6. Timaya

Before the release of “True Story,” Timaya was a member of the musical group “Dem Mama Soldiers.” In 2023, Timaya’s status as one of the richest musicians in Nigeria is attributed to his role as the CEO of DM record company, featuring artists like King Perry, Runtown, and Patoranking.

Timaya’s opulent lifestyle is evident in his ownership of a $250 million house in Lekki, Lagos State. Renowned for his flamboyant character, he is often seen flaunting his wealth, including a notable fleet of multicolored Mercedes G-Wagons that gained attention on social media.

7. 2Baba

2Baba, also known as 2Face Baba, is a legendary African singer renowned for his global hit “African Queen” in 2004, solidifying his enduring musical legacy. He began his journey with the iconic Plantashun Boiz group and has evolved into a highly respected Nigerian musician, consistently growing in his craft.

In 2022, 2Baba demonstrated both his financial prowess and commitment to nurturing talent by donating a multimillion-dollar music studio to the Faculty of Music at Obafemi Awolowo University. This philanthropic act adds to his impressive list of awards, including the Order of the Niger (MON) from President Mohammed Buhari, MTV Music Awards, Headies, and BET Awards, showcasing his significant impact on the music industry.

8. Phyno

Since the inception of his career in 2003, Phyno has been involved in music production and movie acting. In 2018, he further solidified his status as one of the richest musicians in Nigeria by featuring in Genevieve Nnaji’s Lion Heart, the first Nigerian Netflix original.

Phyno has secured endorsement deals with brands such as Nairabet, Nigerian Breweries, Airtel Telecommunications, among others. His wealth is manifested in his real estate holdings, including a duplex on Chevron Drive reportedly valued at over 170 million NGN, featuring three bedrooms.

9. Tiwa Savage

Tiwatope Savage, widely known as Tiwa Savage or Mummy Jam Jam, is a Nigerian singer, songwriter, and actress born on February 5, 1980, in Isale Eko. At the age of 11, she moved to London for her secondary school education.

Tiwa Savage began her career as a backup vocalist for American artists like George Michael and Mary J. Blige. After participating in the UK edition of The X Factor and completing her education at Berklee College of Music, she signed a publishing deal with Sony/ATV Music Publishing in 2009. Motivated by the rapid growth of the Nigerian music industry, Tiwa Savage returned to Nigeria.

10. Dbanj

Oladapo Daniel Oyebanjo, born on June 9, 1980, and widely known by his stage name D’banj, is a Nigerian singer, rapper, and television personality. The name “D’banj” is a combination of his first name, Dapo, and his surname, Oyebanjo. He is the founder of Mo’ Hits Records, a music label he established with producer Don Jazzy. D’banj gained significant recognition for his song “Oliver Twist,” an energetic fusion of Afrobeats and electronic dance music that dominated the African charts in 2011.

10 Richest Men in Nigeria

The top 10 richest individuals in Nigeria represent a diverse range of industries and accomplishments, reflecting the country’s dynamic economic landscape. From business tycoons to political figures and entrepreneurs, these individuals have amassed significant wealth through their ventures. Let’s delve into their stories and explore the factors that contribute to their success and financial standing.

1. Aliko Dangote – $13.7 billion

Aliko Dangote, with a net worth of $13.7 billion, is recognized as the richest person in Nigeria, Africa, and the world’s wealthiest black individual. He holds the 124th position among the richest people globally, according to Forbes. Aliko Dangote is the founder, chairman, and CEO of the Dangote Group, the largest industrial conglomerate in West Africa.

Dangote’s journey to wealth commenced in 1977 when he established a humble trading firm, later expanding it after relocating to Lagos in the same year. His entrepreneurial prowess became evident in 2007 when he became Nigeria’s first billionaire.

The Dangote Group, which originated as a small trading firm, has grown into one of Africa’s largest conglomerates. Dangote’s visionary approach in the 1990s, such as proposing to manage the Central Bank of Nigeria’s staff buses, played a crucial role in his success. Today, the Dangote Group operates internationally, with a presence in countries like Benin, Ghana, Zambia, and Togo.

2. Mike Adenuga – $6.5 billion

Chief Michael Adeniyi Agbolade Ishola Adenuga Jr., the fourth richest person in Nigeria with a net worth of $6.1 billion, is a prominent figure in the country’s business landscape. He is the owner of Globacom, the second-largest telecommunications operator in Nigeria, with an extended presence in Ghana and Benin.

In addition to his telecommunications ventures, Adenuga holds stakes in Equitorial Trust Bank and is associated with the oil exploration firm Conoil, previously known as Consolidated Oil Company. His diverse investments contribute to his significant wealth and influence in Nigeria’s business sector.

3. Alafaa Kariboye-Igbo – $6.1 billion

Alafaa ‘Oil Money’ Kariboye-Igbo, a successful entrepreneur born in Rivers State, Nigeria, shared during a recent interview that his childhood ambition was to become a business owner. He expressed gratitude to God for the success he has achieved in building a multifaceted business empire. Kariboye-Igbo attributed his accomplishments to hard work and divine intervention, emphasizing that his journey from childhood dreams to business success was a result of God’s guidance and not solely his efforts.

4. Abdulsamad Rabiu – $5.9 billion

Abdul Samad Isyaku Rabiu, with a net worth of $8.2 billion, stands as the third richest man in Nigeria. Coming from a family of industrialists, his late father, Khalifah Isyaku Rabiu, was a prominent figure in Nigeria’s industrial landscape during the 1970s and 1980s.

Abdul Samad Isyaku Rabiu is the founder and chairman of BUA Group, a Nigerian conglomerate specializing in manufacturing, infrastructure development, and agriculture. The group has achieved remarkable success, with revenues exceeding $2.5 billion. Additionally, Rabiu holds the position of chairman at the Nigerian Bank of Industry (BOI), further contributing to his influence in Nigeria’s business sector.

5. Arthur Eze – $5.8 billion

Arthur Eze, the 5th richest man in Nigeria with a net worth of $5.8 billion, is a distinguished businessman and CEO of Atlas Oranto Petroleum, the largest privately owned petroleum exploration and production company in Nigeria. Known for his significant contributions to both business and philanthropy, Eze displayed commitment to education and development by donating N200 million to Azman University in Kano in July 2023.

Eze’s business journey began in 1991 with the establishment of Atlas Oranto Petroleum, which holds an impressive portfolio of 22 oil and gas licenses across Africa. The company is recognized as the largest holder of oil exploration blocks on the continent, with assets in Nigeria, Equatorial Guinea, Senegal, Sudan, Uganda, and various Atlas Oranto blocks.

In addition to his ventures in the petroleum industry, Eze founded Triax Airlines in 1992, taking advantage of the deregulation of airlines in Nigeria. The airline operated from Enugu Airport and maintained three Boeing 727s until ceasing operations in 2000. Arthur Eze’s entrepreneurial endeavors have left a significant impact on Nigeria’s business landscape.

6. Cletus Ibeto – $3.8 billion

Cletus Madubugwu Ibeto, Nigeria’s eighth richest man, is a prominent entrepreneur hailing from Anambra and heading The Ibeto Group. As the largest business enterprise originating from Nnewi, a city known for its entrepreneurial vigor, Ibeto played a pioneering role in the trading and manufacturing development of the region and the nation during the economic challenges of the early 1980s.

Ibeto’s business journey began as a spare parts import dealer after completing an apprenticeship in the motor parts industry, a common path for many eastern traders. The Ibeto Group, under his leadership, rose to prominence, contributing significantly to the economic growth of Nnewi and Nigeria as a whole. With a net worth of $3.8 billion, Cletus Ibeto is recognized as a key figure in Nigeria’s business landscape.

7. Orji Uzor Kalu – $3.2 billion

Orji Uzor Kalu, born on April 21, 1960, is a Nigerian politician and businessman currently serving as the senator representing Abia North Senatorial District. He previously served as the governor of Abia State from May 29, 1999, to May 29, 2007. Kalu holds the position of chairman at SLOK Holding and is also the chairman of the Daily Sun and New Telegraph newspapers in Nigeria.

Before entering politics, Kalu served as the chairman of the Borno Water Board and the Cooperative and Commerce Bank Limited. He has been associated with various political parties, including the Peoples Democratic Party (PDP), Progressive Peoples Alliance (PPA), and is currently a member of the ruling All Progressives Congress (APC). Kalu contested in the 2019 Nigerian general election under the APC banner and emerged victorious, defeating the incumbent senator Mao Ohuabunwa with over 10,000 votes.

8. Emeka Offor – $2.9 billion

Emeka Offor, born on February 10, 1959, is a Nigerian oil magnate, philanthropist, and entrepreneur. He has held significant positions in the business world, including being the former chairman of Erhc Energy Inc. Emeka Offor is also the CEO of Chrome Group, a prominent West African oil and gas conglomerate. In addition to his business ventures, he is the founder of the Sir Emeka Offor Foundation, showcasing his commitment to philanthropy.

9. Benedict Peters – $2.7 billion

Benedict Peters is a prominent African billionaire businessman known for his extensive involvement in the oil and gas and mining sectors. As the founder and CEO of Aiteo Group, Nigeria’s largest indigenous oil producer, and Bravura Holdings, a mining company operating across Africa, he holds the 10th position among the richest individuals in Nigeria.

With an estimated net worth of $2.7 billion, Peters is recognized as one of the wealthiest individuals in Africa. His career in the oil and gas industry began in the early 1990s, starting at Ocean and Oil Services Limited and later moving to MRS Oil and Gas Limited, where he climbed the ranks to become the managing director.

In February 2008, Peters rebranded his company from Sigmund Communecci to Aiteo Group. Aiteo Group operates one of Nigeria’s largest petroleum tank farms with a capacity exceeding 250 million liters, covering over 100,000 square meters. The company also oversees the Abonnema Storage Terminal.

A significant achievement for Aiteo Group was the 2014 acquisition of a controlling stake in the Oil Mining Lease (OML) and the Nembe Creek Trunk Line (NCTL) in the Eastern Niger Delta from Royal Dutch Shell Plc. OML comprises 11 oil and gas fields, covering 983 square kilometers in the Niger Delta, a region housing some of Nigeria’s most prosperous states.

10. Andy Uba – $2.1 billion

Emmanuel Nnamdi Uba, born on December 14, 1958, is a Nigerian politician. He served as the Senator for the Anambra South Senatorial District of Anambra State from 2011 to 2019. Uba also emerged as the winner of the 2007 Anambra State gubernatorial election under the People’s Democratic Party (PDP) but was later declared unduly elected by the Supreme Court of Nigeria a month after his victory. In February 2017, he defected to the All Progressives Congress (APC), citing the leadership crises within the PDP as a possible motivation for his decision.

Top 10 Richest Female Artist in Nigeria

The Nigerian music industry is renowned for its dynamic and competitive environment, featuring a multitude of exceptionally talented artists who have left their mark both locally and on the international stage. Despite the prevalent dominance of male artists in the industry, there exists a notable cohort of influential and equally gifted female musicians who have attained significant success, establishing themselves as formidable figures in the scene. The ascendancy of women in the Nigerian music landscape traces back to the 90s, characterized by the groundbreaking contributions of artists such as Onyeka Onwenu, Evi-Edna Ogholi, Salawa Abeni, and Christy Essien-Igbokwe, who disrupted the industry with iconic hit songs. To illustrate this, Salawa Abeni stands out as the first Nigerian female artist to surpass a million copies in sales for her debut album, achieving this remarkable feat in 1976, a time well before the widespread accessibility of the internet.

Fast forward to the present, with the expansive reach of the internet and the prevalence of streaming services, Nigerian female artists are not only leaving an indelible impact but also accumulating substantial wealth through their successful careers.

This article delves into the top 10 wealthiest female musicians in Nigeria for the year 2024, exploring their net worth, their journey to fame, and the noteworthy achievements that have propelled them to the forefront of the music industry.

1. Tiwa Savage

Netting an impressive $9 million, Tiwatope Omolara Savage, born on 5 February 1980, and commonly recognized as the Queen of Afrobeats, solidifies her position as the wealthiest female musician in Nigeria for the year 2024. Hailing from Ikeja, Lagos State, Tiwa experienced an early life shift to London at the age of 11, eventually pursuing a degree in Business Administration at the University of Kent.

Tiwa Savage commenced her musical journey as a backup singer for renowned artists such as George Michael and Mary J. Blige during her stint in the UK, providing a foundation for her eventual rise to prominence on the global music stage. In 2010, she made a resounding entry into the music scene with her debut hit, ‘Kele Kele,’ a song that significantly disrupted the male-dominated industry. Unbeknownst to many, this was just the beginning. Following her studies at the Berklee College of Music, Tiwa relocated to Nigeria in 2013 to further her musical pursuits, joining Mavin Records.

Her career trajectory has been nothing short of meteoric, marked by chart-topping hits and notable collaborations with international stars. Tiwa Savage’s popularity and demand in the industry are underscored by her substantial appearance fee of $100,000 per show. This, coupled with revenue from music sales and lucrative endorsements, has propelled her to the pinnacle of Nigeria’s wealthiest female musicians.

2. Yemi Alade

Boasting a net worth of $5 million, Yemi Eberechi Alade, born on 13 March 1989 and affectionately known as “Mama Africa,” has emerged as a prominent Nigerian singer, achieving fame not only within Nigeria but across the entire African continent. Yemi’s musical prowess spans a diverse range of genres, encompassing Afro-pop, R&B, Highlife, and Dancehall.

Yemi Alade’s journey to stardom commenced with a triumphant victory in the 2009 Peak Talent Show singing contest. Since then, she has consistently released chart-topping hits like “Johnny,” “Na Gode,” and “Ferrari,” each contributing significantly to her global acclaim.

In 2014, the release of “Johnny” marked a historic moment for Yemi Alade, as she became the first African female Afropop artist to accumulate over 89 million views on YouTube. This song also holds the distinction of being the most-watched African Female YouTube music video of all time. Adding to her list of achievements, Yemi Alade stands as the most-awarded female artist in Nigeria.

Yemi Alade’s wealth, totaling $5 million, is derived from her flourishing music career, strategic endorsements, and her venture into the realm of fashion entrepreneurship, where she sells jewelry and collaborates with top brands.

With an appearance fee commanding $75,000 per show, Yemi Alade maintains an influential presence in the music scene, solidifying her position as one of the wealthiest female artists in Nigeria.

3. Aṣa

With a net worth of $5 million, Bukola Elemide, widely recognized as Aṣa, stands out as a Nigerian-French singer celebrated for her diverse music style and captivating stage performances. Born on 17 September 1982 in Paris, Aṣa’s family relocated to Nigeria when she was just two years old, and much of her upbringing took place in Lagos.

Aṣa’s musical journey took a significant turn when, at the age of 20, she returned to Paris and enrolled in the IMFP School of Jazz Music. Interestingly, before departing for Paris, she had already launched her debut hit single, ‘Eyé Adaba’ (meaning ‘dove’).

Recognizing her exceptional talent, Aṣa’s teachers advised her to focus on her recordings, deeming further formal education unnecessary. Following this advice, she released her self-titled album ‘Aṣa’ in 2007, achieving platinum status and marking a pivotal moment in her career.

Subsequently, Aṣa embarked on a global tour, sharing her love through her voice and infectious melodies. Her second album, ‘Beautiful Imperfection,’ released in 2011, also attained platinum status, further solidifying her success.

Despite her substantial wealth and fame, Aṣa maintains a simple and modest lifestyle. Notably, she remains unmarried, sharing her perspective on love during an interview in 2022, expressing that one “won’t be disappointed if you don’t invest in people.” Aṣa’s story reflects not only her musical achievements but also her commitment to authenticity and a grounded approach to life.

4. Simi

With a noteworthy net worth of $3.5 million, Simisola Bolatito Kosoko, known simply as Simi, secures the 7th position among Nigeria’s wealthiest female musicians in 2024.

Simi’s musical journey started as a gospel singer, distinguishing her from some peers in the industry. Her debut into the music scene was marked by a gospel album titled ‘Ogaju,’ released in 2008.

However, it was in 2014 that Simi’s path to fame took a significant turn with the release of “Tiff.” This song not only earned her a nomination for Best Alternative Song at The Headies 2015 but also propelled her into the public eye and led to a record deal with X3M Music.

Simi’s career continued to soar with subsequent hits like “Love Don’t Care” and collaborations with artists such as Falz. Her second studio album, “Simisola,” released in 2017, achieved considerable success, even debuting at number 5 on the Billboard World Albums chart.

A pivotal moment in Simi’s career occurred in 2019 when she established her own record label, Studio Brat, after parting ways with X3M Music. This move reflected not only her entrepreneurial spirit but also her desire for independence in the dynamic music industry. Simi’s journey showcases not just her musical prowess but also her ability to navigate the industry with resilience and innovation.

5. Tems

With a remarkable net worth of $3.2 million, Temilade Openiyi, known as Tems, stands out as a shining example of the immense talent emerging from Nigeria’s vibrant music scene. Born on 11 June 1995, Tems’ journey into the music world began at an early age, a common theme among many artists in the industry.

Although her family moved from Lagos to the UK when she was an infant, they returned to Nigeria when she was five following her parents’ separation. Tems’ passion for music grew over the years, leading her to make a bold decision—quitting her job to fully immerse herself in the world of music. She took the initiative to learn self-production through online platforms like YouTube, successfully producing her first song, “Mr. Rebel.”

Tems’ breakout moment arrived with the release of “Try Me” in 2019, propelling her into the spotlight. Subsequently, she collaborated with notable figures in the music industry, including Khalid, Disclosure, and Davido. However, it was her collaboration with Wizkid on the track “Essence” that catapulted her to international stardom. The song earned her a Grammy Award nomination and reached number nine on the Billboard Hot 100 chart.

In 2022, Tems achieved groundbreaking success when her vocals from the song “Higher” were featured on Future’s single, “Wait for U,” which debuted at number one on the Billboard Hot 100. This accomplishment made her the first African artist to achieve such a feat, followed by a Grammy win for Best Melodic Rap Performance.

Beyond her musical prowess, Tems has also contributed to the industry by co-writing Rihanna’s “Lift Me Up,” receiving nominations at prestigious award ceremonies like the Academy Awards and Golden Globe Awards.

With an estimated net worth of $3.2 million, Tems’ wealth primarily comes from her music career and lucrative endorsements. Her popularity is evident in her appearance fee of $50,000 per show, underscoring her immense impact and appeal in the music industry.

6. Dj Cuppy

Summary:

• Net Worth: $3 million
• Age: 31 Years
• No Of Albums: 1
• Most Streamed Song: “Green Light”

DJ Cuppy, a talented Nigerian singer-songwriter, and record producer has accumulated a net worth of approximately $3 million in 2023. Born on November 11th, 1992, she is the daughter of the well-known Nigerian billionaire, Femi Otedola.

Despite her affluent background, DJ Cuppy has carved her own path in the entertainment industry, establishing herself as a notable figure. Her income streams include earnings from DJ gigs, brand endorsements, and her influence as a public figure.

In 2014, Cuppy was appointed as the Tourism Ambassador for Nigeria’s “Fascinating Nigeria” campaign, showcasing her commitment to promoting her home country. Additionally, she was named one of Pepsi’s DJ Ambassadors in 2018, further solidifying her status in the music and brand ambassadorship realms.

Beyond her music career, DJ Cuppy has ventured into entrepreneurship and philanthropy, showcasing her versatility and commitment to making a positive impact. Her dynamic career, coupled with her various ventures, contributes to her impressive net worth and solidifies her as a multifaceted personality in the entertainment and business sectors.

7. Omawumi

Boasting a net worth of $2 million, Omawumi Megbele, recognized simply as Omawumi, stands out as one of Nigeria’s highly accomplished and prosperous female artists. Notably, as of 2014, she held the distinction of being the highest-paid female artist in Nigeria, commanding a remarkable ₦5 million per show.

Omawumi’s journey to stardom gained significant momentum in May 2007 when her talent propelled her to the prestigious stage of West African Idols, where she secured the position of the first runner-up. This pivotal moment marked the turning point in her career, affording her opportunities to perform alongside industry giants such as P-Square, 2face Idibia, D’Banj, and others.

Beyond her musical prowess, Omawumi showcases her versatility as a skilled actress, undertaking roles in both Nigerian and international movies. This multifaceted approach to entertainment has undoubtedly contributed to her widespread success and enduring popularity in the Nigerian entertainment scene.

8. Ayra Starr

With an impressive net worth of $1.5 million, Oyinkansola Sarah Aderibigbe, better known as Ayra Starr, stands out as the youngest artist on the list of Nigeria’s richest female musicians. Born on 14 June 2002, this Beninese-born Nigerian singer, model, and fashion entrepreneur has made a significant mark in the music industry at just 22 years old.

Ayra Starr’s journey to prominence began at the age of 17 when her first original song, ‘Damage,’ went viral on Instagram, leading to her signing with Mavin Records in 2019. She swiftly showcased her talent by releasing her debut hit, ‘Away,’ on January 22, 2021, which quickly garnered millions of streams.

In the same remarkable year, Ayra released ‘Bloody Samaritan,’ a track that propelled her to the number-one spot on the Top 50 chart, making her the first solo female artist to achieve this feat.

In 2022, she continued to make history with the release of ‘Rush,’ becoming the youngest African female artist to accumulate over 100 million views on a single YouTube video in just 5 months. Ayra Starr also etched her name in the books as the first Nigerian female artist to chart a solo song on the UK Singles Chart.

With an impressive net worth derived from her music, lucrative endorsements, and modeling ventures, Ayra Starr has secured her place among Nigeria’s wealthiest female musicians. Her fame and successful career are reflected in her commanding appearance fee of $50,000 per show, further solidifying her status as a rising star in the industry.

9. Teni

Summary:

• Net Worth: $1 million
• Age: 30 Years
• No Of Albums: 2
• Most Streamed Song: “Case”
• Record Label: Sugar Mommy Records

Teniola Apata, popularly known as ‘Teni’ or ‘Teni Makanaki,’ is a highly talented Nigerian singer, songwriter, and performer. Hailing from Ekiti State, Nigeria, she is the younger sister of Niniola.

With a career spanning 7 years in the Nigerian music industry, Teni has achieved significant success, amassing an estimated net worth of $1 million. Her meteoric rise to fame began with the release of her single “Fargin” in 2016, which dominated various music charts across the nation.

Teni’s discography includes other notable tracks such as “Askamaya,” “Wait,” “Case,” “Lagos,” and “Amen,” all of which have garnered millions of online streams and sales.

In addition to her musical achievements, Teni has secured numerous endorsement deals with companies including Wema Bank Nigeria, Budweiser Beer, TomTom, Pepsi Naija, and Tecno Mobile. Her multifaceted success in the industry reflects her talent and business acumen.

10. Mercy Chinwo

Summary:

• Net Worth: $600,000 – $1 million
• Age: 33 years
• No Of Albums: 2
• Most Streamed Song: “Excess Love”

Mercy Nneda Chinwo, widely known as Mercy Chinwo, is a renowned gospel singer, actress, and songwriter who gained fame by winning the Nigerian Idol Season 2 in 2012. At 33 years old, Mercy Chinwo has become one of the richest female artists in Nigeria, with an estimated net worth ranging from $600,000 to $1 million.

Her success in the gospel music scene is marked by consistent delivery of soul-stirring hits, establishing her as one of the most accomplished gospel singers in the country. One of her breakout songs, “Excess Love,” received widespread acclaim, propelling her into the spotlight and solidifying her position as a significant force in gospel music.

Apart from her musical talent, Mercy Chinwo has demonstrated a keen business sense. She monetizes her craft through various channels, including concerts and live performances known for their emotional and spiritually uplifting nature. These events draw fans, contributing to her financial success.

Mercy Chinwo’s popularity has also attracted brand endorsements, adding another dimension to her income. Additionally, revenue streams from music sales, streaming royalties, and collaborations further contribute to her financial success.

Her dedication to spreading a positive message through her music has not only garnered a massive fan base but has also translated into substantial financial success. Like many modern artists, Mercy Chinwo leverages social media platforms to connect with her fans and promote her brand, showcasing a strategic approach to her career in the digital age.

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