The Nigerian music industry has experienced a boom in the last 3 decades. Some artists have gained global recognition and awards for their musical prowess. These musicians have become successful through their music, endorsement deals, show charges, and personal investments.
There have been many arguments around who the richest musician in Nigeria is.
Is it Wizkid, Burnaboy or Davido?
Read on to find out.
- Also Read: Richest Nollywood celebrities 2021
The Richest Musician in Nigeria 2022
Based on his net worth of $20 million -currently, N8.2 billion- Wizkid is crowned as the richest artist in Nigeria.
Endorsement Deals and Assets
The artiste has signed many multimillion dollars endorsement deals and the list continues to increase.
1n 2011, he signed a one-year deal with Pepsi for $350,000, the contract was renewed for an extra 2 years.
He was one-time brand ambassador for MTN pulse, but he switched to Glo for N128 million deal.
He also has pacts with Guinness, Ciroc premium vodka, Puma, Nike, UBA, Tecno, and Dolce and Gabbana.
Wizkid is into the posh lifestyle; he has houses both in Nigeria and abroad and a fleet of luxurious cars. The list includes:
- A house in L.A. California.
- A mansion in Surulere worth N13 million.
- A mansion at Lekki worth N77.6 million.
- A diamond watch of $1.2 million.
- Lamborghini Prime (N28 million).
- Lamborghini Urus (N80 million)
- Bentley continental (N45 million).
- BMW X6 Crossover (N11 million).
- Mercedes Benz G63 AMG (N55 million).
- Hyundai Sonada (N6 million).
Early Life And Career
Wizkid (Ayodeji Ibrahim Balogun) was born on the 16th of July, 1990. His love for music was inspired by legendary singers like Bob Marley, Fela Kuti, King Sunny Ade, 2Face Idibia, and Sound Sultan.
His growth in music can be attributed to several persons including OJB Jezreel, in whose studio he learnt from the recording sessions of other singers.
In 2009, he dropped out of school to pursue his music career, and that same year, he signed a record deal with Empire Mates Entertainment owned by Banky W.
He gained popularity in 2011 with the release of his debut album ‘Superstar’.
2013 saw him launching his record label called “Starboy Entertainment”.
He gained international popularity in 2016 after he collaborated with Drake on the hit song ‘One dance’ which peaked at No.1 in 15 countries including France, Australia, Germany, Canada, UK, and the USA.
In 2017, He signed with RCA record and released his third single in the same year ‘Sounds from the other side’.
He partnered with Beyoncé in the song ‘Brown Skin Girl’ which won him a Grammy Award for the best music video in 2019.
Achievements and Awards
The young star has achieved a lot in his music career.
He was the first Nigerian musician in the Guinness Book of Records for the most played song in Spotify; ‘One Dance’ with Drake.
He was named among the top 100 most influential African in 2019 by New African Magazine.
Likewise, he is currently the most-stream Nigerian artist of all time in Spotify with over 3.4 billion streams.
Alongside, he has bagged 65 awards, including 1 Grammy, 2 iHeartRadio music awards, an ASCAP plaque, and 12 Headies awards.
The young man is truly inspirational and a successful Musician representing the culture of our great country and currently the richest Musician in Nigeria.