Who are the top 10 richest musicians in Africa? Africa is a continent that is rich in musical talent. It is crucial to however know that the music industry in Africa has produced renowned artists who have made substantial wealth for themselves being one of the richest African musicians and wealthiest musicians in Africa.
In this update, we’ll talk about the top 10 richest musicians in Nigeria, their net worth, how they became the highest-earning musicians in Africa, their journey to success, and their financial milestones.
Whether you are a fan of traditional African sounds, Afrobeats, or Hip-Hop this list showcases and will provide detailed profiles of each artist and dynamic talent that explains the African music scene as of today.
10. Sarkodie
Who is Sarkodie? Sarkodie whose real name is Michael Owusu Addo is a recording artist, rapper, and well-known entrepreneur from Tema. He is a Ghanaian and was born on the 10th of July, 1988. He is number 10 out of the top 10 richest musicians in Africa in 2024.
He was announced the first winner of BET’s Best International Flow Artist at the 2019 BET Hip Hop Awards. He is also considered one of the major proponents of the Azonto genre and dance and one of the most successful African rappers of all time.
Sarkodie earns his money from album & music sales, brand endorsement deals, sponsored posts, and more.
Sarkodie has a net worth of $30 million.
9. Mr. P
Who is Mr. P? Peter Okoye, also known on stage as Mr. P is a Nigerian singer, songwriter, and performer. He was born on November 18, 1981. He was a member of the P-Square music group before it ceased to exist. He is number 9 out of the top 10 richest musicians in Africa in 2024.
He went on a solo career and has released several singles alongside various collaborations within the Nigerian music industry.
Mr. P is one of the top 10 richest musicians in Africa with an estimated net worth of $41 million.
8. Rudeboy
Who is Rudeboy? Paul Okoye who is also known as Rudeboy, is a Nigerian singer, songwriter, and record producer. He was born on 18th November 1981. He rose to fame in the 2000s as a member of the P-Square duo with his identical twin brother, Peter Okoye. They separated as a duo due to a dispute. He is number 8 out of the top 10 richest musicians in Africa in 2024.
After the disbandment of P-Square in 2017, both band members sought separate musical careers. Rudeboy released his debut solo tracks titled ‘Fire Fire’ and ‘Nkenji Keke’ in 2017.
His song “Reason With Me” generated the highest views on YouTube in Africa in 2019. Paul Okoye is the founder of Fire Department Inc., a record label he established in 2019.
Rudeboy has an estimated net worth of $46 million.
SEE ALSO: Top 10 Richest Female Musicians In Nigeria
7. Wizkid
Who is Wizkid? Ayodeji Ibrahim Balogun is popularly known by his stage name, Wizkid. He was born on 16th July 1990. He is a highly acclaimed Nigerian singer and songwriter and the CEO of Starboy Entertainment. He is number 7 out of the top 10 richest musicians in Africa in 2024.
His music career began at a very young age and he rose to prominence in 2010 with his hit single “Holla at Your Boy”.
He is well-known both outside of the Afrobeat community and within it and has achieved international popularity as he collaborated with foreign popular musicians.
Besides singing, Wizkid has made many reliable endorsement deals with MTN Nigeria, UBA, and GLO (which paid him over $240,000 million to become their ambassador)
Wizkid has an estimated net worth of $65 million.
6. Don Jazzy
Who is Don Jazzy? Michael Collins Ajereh, popularly known by his stage name Don Jazzy is a prominent Nigerian record producer, audio engineer, record executive, singer, songwriter, entrepreneur, and philanthropist. He was born on 26 November 1982. He is number 6 out of the top 10 richest musicians in Africa in 2024.
Don Jazzy’s music career began in 2004 when he collaborated with D’banj to form Mo’Hits Records
He is the founder and the CEO of Mavin Records which was founded in 2012 consisting of other well-known Nigerian artists. He is also involved in real estate management, the oil and gas sector, forex trading, and the Wi-Fi production business in Nigeria.
He has received numerous awards and accolades for his contributions to music. This includes the Nigerian Music Awards, City People Entertainment, and The Headies.
Don Jazzy has an estimated net worth of $70 million.
5. Burnaboy
Who is Burnaboy? Damini Ebunoluwa Ogulu, professionally known as Burna Boy is a Nigerian singer, songwriter, rapper, and dancer. He was born on July 2, 1991. He is known for his distinctive fusion of Afrobeat, dancehall, reggae, and pop music. He is number 5 out of the top 10 richest musicians in Africa in 2024.
His growth in the music industry began in 2012 when he released his hit single ‘Like to Party’ from his debut album L.I.F.E. In 2020, Burna Boy released his music album, “Twice as Tall”, making waves nationally and internationally. The album earned him a 2021 Grammy Award nomination for Best Global Music Album.
Burnaboy is one of the richest African artists with an estimated net worth of $77.5 million.
4. Davido
David Adeleke, also known as Davido or Omo Baba Olowo (OBO). He is a Nigerian singer, songwriter, and producer who was born in Atlanta, Georgia in the United States of America. He was born on 21st November 1992 into a wealthy family; his father is Adedeji Adeleke. He is number 4 out of the top 10 richest musicians in Africa in 2024.
He began his music career in 2011 with his debut single “Back When”, featuring Naeto C. In 2016, Davido signed a record deal with Sony Music.
He currently has a record label, Davido Music Worldwide (DMW) which consists of many talented Nigerian musicians signed as artists. Davido also has many nominations, awards, and profitable endorsements which fetch him lots of income monthly.
His estimated net worth is $80 million.
SEE ALSO: Ayra Starr Biography, Net Worth, Music Career, Age, Husband
3. DJ Black Coffee
Who is DJ Black Coffee? Nkosinathi Innocent Maphumulo who is popularly known by his stage name DJ Black Coffee, is a South African DJ, producer, songwriter, and singer. He is also a multiple award DJ, including the Breakthrough DJ of the Year award at the DJ Awards. He was born on the 11th of March, 1976. He is number 3 out of the top 10 richest musicians in Africa in 2024.
He began his career around 1994 and has released nine studio albums, as well as a live DVD. He has also made collaborations with international artists like David Guetta, Pharrell Williams, and Usher.
DJ Black Coffee has received numerous awards including the BET Awards.
He has an estimated net worth of $90 million.
2. Akon
Who is Akon? He is also known as Aliaume Damala Badara Akon Thiam. He is a well-known African-American singer, songwriter, producer, entrepreneur, philanthropist, and actor. He was born on the 16th of April, 1973 in Missour, USA. He is number 2 out of the top 10 richest musicians in Africa in 2024.
Akon rose to prominence in 2004 following the release of “Locked Up”, the first single from his debut album “Trouble”, followed by the second single “Lonely”. Akon is also the CEO of Konvict-Musik – a record label which he is also signed.
Apart from music, Akon has made international humanitarian and philanthropic efforts. He founded a project that aims to provide electricity to millions of people in Africa through the use of Solar energy.
As a five-time Grammy nominee, Akon boasts of a very successful music career in Africa and the world at large.
Akon has an estimated net worth of $99.5 million.
1. Youssou N’Dour
Who is Youssou N’Dour? Youssou N’Dour, also known as Youssou Madjiguène Ndour is a Senegalese singer, songwriter, musician, composer, occasional actor, businessman, and politician. He was born on 1st October 1959. He is number 10 out of the top 1 richest musicians in Africa in 2024.
He is known for his extraordinary vocal range and for introducing international audiences to mbalax—a Senegalese popular music style; including jazz, hip-hop, and soul. Rolling Stone magazine described him as, “perhaps the most famous singer alive” in Senegal and much of Africa.
Except for his music career, he has been active in politics; he ran for President in Senegal in the year 2012, though disqualified.
Youssou N’Dour has an estimated net worth of $150 million.
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