Who Are the Top 10 Richest Musicians in Africa 2024? (And What They Can Teach You)

Africa is a continent rich in culture, diversity, and talent. Music is one of the most popular and influential forms of expression in Africa, and many African musicians have made a name for themselves on the global stage. But who are the richest musicians in Africa 2024? And how did they earn their fortunes?

In this blog post, we will reveal the top 10 richest musicians in Africa 2024, based on their net worth as reported by Forbes and Statista. We will also look at their musical achievements, their sources of income, and their contributions to the African music industry. Let’s get started!

RankNameCountryNet worth
1Youssou N’DourSenegal$145 million
2AkonAmerican-Senegalese$80 million
3Black CoffeeSouth Africa$60 million
4Don JazzyNigeria$30 million
5WizkidNigeria$20 million
6RudeboyNigeria$16.1 million
7DavidoNigeria$16 million
8Mr. PNigeria$15.2 million
92Face Idibia (Tuface)Nigeria$15 million
10D’banjNigeria$11 million

However, this list may change in 2024, as some of these musicians are still active and earning more money from their music, endorsements, and businesses. For example, Wizkid recently released his fifth studio album, Made in Lagos, which received critical acclaim and commercial success. Davido also launched his own record label, DMW, and signed several talented artists such as Mayorkun, Peruzzi, and Dremo.

10. D’banj (Nigeria) – $11 million

D’banj, also known as the Kokomaster, is a Nigerian singer, songwriter, and entrepreneur. He rose to fame in 2005 as part of the Mo’Hits Records label, which he co-founded with Don Jazzy. He later left the label and signed with Kanye West’s G.O.O.D Music in 2011.

D’banj is best known for his hit songs such as “Fall in Love”, “Oliver Twist”, and “Emergency”. He has won several awards, including MTV Africa Music Awards, BET Awards, and MTV Europe Music Awards. He is also the founder of Koko Holdings, a company that deals with music, agriculture, and entertainment. He is also an ambassador for various brands, such as Ciroc, Globacom, and Slot.

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9. 2Face Idibia (Tuface) (Nigeria) – $15 million

2Face Idibia, also known as Tuface, is a Nigerian singer, songwriter, and record producer. He is one of the most successful and influential artists in Africa, with a career spanning over two decades. He started his musical journey as a member of the Plantashun Boyz, a group that also included Blackface and Faze.

2Face Idibia is widely regarded as the king of Afro-pop, with his blend of R&B, reggae, and traditional African music. He has released seven solo albums, including the critically acclaimed “African Queen”, “Grass 2 Grace”, and “The Ascension”. He has also collaborated with artists such as Wizkid, R. Kelly, Snoop Dogg, and Mary J. Blige. He has won numerous awards, including MTV Africa Music Awards, World Music Awards, and MOBO Awards. He is also a philanthropist and a humanitarian, with his 2Face Idibia Reach-Out Foundation.

8. Mr. P (Nigeria) – $15.2 million

Mr. P, formerly known as Peter Okoye, is a Nigerian singer, songwriter, dancer, and entrepreneur. He was one half of the famous duo P-Square, which he formed with his twin brother Paul Okoye. The duo dominated the African music scene for over a decade, with hits such as “Do Me”, “Personally”, and “Chop My Money”.

Mr. P went solo in 2017, after a series of disputes with his brother and their manager. He has since released several singles, such as “Cool It Down”, “Ebeano”, and “One More Night”. He has also ventured into other businesses, such as real estate, clothing, and lottery. He is also an ambassador for Kia Motors, Olympic Milk, and Tecno Mobile.

7. Davido (Nigeria) – $16 million

Davido, also known as OBO (Omo Baba Olowo), is a Nigerian singer, songwriter, and record producer. He is one of the most popular and influential artists in Africa, with a fan base that spans across the continent and beyond. He is the son of billionaire businessman Adedeji Adeleke, and the cousin of music executive Sina Rambo.

Davido started his musical career in 2011, with his debut single “Back When”. He later released his first album “Omo Baba Olowo” in 2012, which featured the hit song “Dami Duro”. He has since released two more albums, “A Good Time” and “A Better Time”, which have spawned hits such as “If”, “Fall”, “FIA”, and “FEM”. He has also collaborated with artists such as Chris Brown, Nicki Minaj, Young Thug, and Nas. He has won several awards, including MTV Africa Music Awards, BET Awards, and Headies Awards. He is also the founder and CEO of Davido Music Worldwide (DMW), a record label that houses artists such as Mayorkun, Peruzzi, and Dremo.

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6. Rudeboy (Nigeria) – $16.1 million

Rudeboy, formerly known as Paul Okoye, is a Nigerian singer, songwriter, and record producer. He was the other half of the famous duo P-Square, which he formed with his twin brother Peter Okoye. The duo dominated the African music scene for over a decade, with hits such as “No One Like You”, “Beautiful Onyinye”, and “Shekini”.

Rudeboy went solo in 2017, after a series of disputes with his brother and their manager. He has since released several singles, such as “Fire Fire”, “Reason With Me”, and “Audio Money”. He has also established his own record label, Rudeboy Records, which houses artists such as Muno and Lucy.

5. Wizkid (Nigeria) – $20 million

Wizkid, also known as Starboy, is a Nigerian singer, songwriter, and record producer. He is one of the most successful and influential artists in Africa, with a global appeal that has earned him collaborations with international stars. He is also one of the pioneers of the Afrobeat genre, which has taken the world by storm.

Wizkid started his musical career in 2009, with his debut single “Holla at Your Boy”. He later released his first album “Superstar” in 2011, which featured the hit songs “Don’t Dull”, “Love My Baby”, and “Pakurumo”. He has since released two more albums, “Ayo” and “Made in Lagos”, which have spawned hits such as “Ojuelegba”, “Come Closer”, and “Joro”. He has also collaborated with artists such as Drake, Beyoncé, Major Lazer, and Skepta. He has won several awards, including MTV Africa Music Awards, BET Awards, and MOBO Awards. He is also the founder and CEO of Starboy Entertainment, a record label that houses artists such as Terri, Ceeza Milli, and DJ Tunez.

4. Don Jazzy (Nigeria) – $30 million

Don Jazzy, also known as the Don Baba J, is a Nigerian singer, songwriter, record producer, and entrepreneur. He is one of the most influential and respected figures in the African music industry, with a track record of producing and mentoring some of the biggest artists in Nigeria and Africa, such as D’banj, Wande Coal, Tiwa Savage, Rema, and Ayra Starr. He is the founder and the CEO of Mavin Records, one of the leading record labels in Nigeria. He has also worked with international artists such as Kanye West, Jay-Z, and Beyoncé. He is widely regarded as one of the richest and most successful musicians in Africa.

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