On the Trail of the Richest Musician in Nigeria

Finding the richest musician in Nigeria introduces us to many challenges. That is because Nigeria is a leading African country in many areas, including culture and music. Due to that, it offers a diverse and extraordinary offer of music genres, singers, composers, and producers. This is what allowed them to develop a vibrant music industry.

Despite this musical diversity, the youngest Nigerian generation shows its preference toward modern and contemporary music. This demographic group includes about 90 million people and has a tremendous influence when it comes to providing earnings to the industry.

The leading music

Currently, the most profitable music in Nigeria is a mixture of local and foreign genres. This process comes from young Nigerian residents and Nigerian migrants in the UK, Europe, and the USA, which influenced the local music scene. This mixture created music derived from American hip hop, rap, and Caribbean Reggae. They are all mixed with more traditional rhythms such as Afrobeat, Fuji, Yo-pop or Júju, to name a few.

The musicians

Due to the current leading musical genres, it is not strange that the richest musician in Nigeria is among a group of young musicians. Besides their musical talent, they also bring their energy during the live shows and the extravagant lifestyle that attracts the audience.
In many cases, their success is backed by a solid education in art and music. Also, some of them team up with famous USA artists that push them to obtain international recognition. Moreover, they get endorsements from local and global companies in exchange for promoting their commercial products. All these elements help them to increase their fortunes.

To determine who is the richest musician in Nigeria, it is not enough to measure his musical success. Although it may represent an important part of their profits, they also obtain benefits from many other related activities.
However, during the last decade, two of them are always in the race for the first place as the

. One of them is Davido. He released his first album in 2012, and since then, he hasn´t stopped producing hit after hit. Davido´s lifestyle is remarkably extravagant, and he took all the steps to become a wealthy man.

For instance, a mobile phone company and the popular AXE perfume brand endorse him. Also, he shows off his success by buying expensive cars, and more recently, rumors say that he bought his bombardier jet.
The second musician is Wizkid, who released his first single in 2011 with great success. From there, he started to climb the international music scene until receiving a Grammy Award nomination. Also, he recorded a hit with the US singer Drake. And, he uses his wardrobe and lifestyle to prove his success and profits.

Who is the richest between Wizkid and Davido?

This is a common question that many try to figure out and find it hard to answer. Fortunately, every year there are some clues, and prestigious publications like Forbes keep the track. For the last year 2019, the title of the richest musician in Nigeria corresponds to Davido!
Why? Because he accumulated more profits between music, endorsements, performances, and investments until reaching the total amount of $20 million.

However, Wizkid is not too far from him as he was able to accumulate $16 million. It wouldn´t be a surprise that he achieves the first place at the end of this year.