Top 10 Richest Musicians in Africa

Africa’s music scene, fueled by Afrobeats, Amapiano, and global streaming, continues to mint millionaires and shape cultural trends worldwide. As of September 2025, the top 10 richest musicians on the continent collectively hold an estimated $650 million in net worth, per aggregated data from Forbes-inspired rankings, Celebrity Net Worth, and industry reports like those from TheDemoStop and NubiaPage.

This marks a 20% rise from 2024, driven by international tours, endorsement deals with brands like Pepsi and Puma, and label revenues amid Spotify’s African market growth (projected at $493 million by year-end). Nigerian artists dominate (seven spots), reflecting Afrobeats’ export success, followed by South African and Ghanaian talents.

Wealth sources include royalties (40%), tours/endorsements (30%), and ventures like labels and real estate. Note: Figures are estimates, as private assets and naira fluctuations vary; Forbes does not publish an official annual musician list but influences many. Below, we profile each with net worth, a brief biography, and business highlights.

1. Wizkid (Ayodeji Ibrahim Balogun) – $132 Million

Born in 1990 in Lagos, Nigeria, Wizkid (real name Ayodeji Balogun) is Afrobeats’ global ambassador and Africa’s richest musician. Discovered at 11, he signed with Empire Mates Entertainment in 2009, debuting with Superstar (2011) and hits like “Holla at Your Boy.” With 200 million records sold, a 2021 Grammy (for “Brown Skin Girl” with Beyoncé), and 5 billion+ streams, he’s collaborated with Drake (“One Dance”) and Chris Brown. His Starboy Entertainment label (founded 2013) manages Terri and generates royalties. Endorsements with Pepsi ($350,000/year), Puma, MTN, and Guinness add $20 million annually; real estate in Lagos/LA ($20 million) and a Ferrari collection bolster it. Wizkid’s 2025 “African Heritage” tour grossed $100 million, solidifying his empire.

2. Davido (David Adedeji Adeleke) – $108 Million

Davido, born in 1992 in Atlanta but raised in Lagos, leverages family wealth (father is billionaire Adedeji Adeleke) with self-made success. Debuting with “Dami Duro” (2011) under HKN Music, his Omo Baba Olowo (2012) went platinum; “Fall” hit 1 billion YouTube views. With 170 million records sold and BET Awards, he founded Davido Music Worldwide (DMW, 2016, Sony-backed), mentoring Mayorkun. Endorsements with Puma (Africa ambassador, $10 million), Martell Cognac, and Infinix, plus a $70 million Georgia mansion and Bombardier jet, drive wealth. His 2025 Timeless Legacy tour earned $50 million; philanthropy via Davido Adeleke Foundation enhances his influence.

3. Don Jazzy (Michael Collins Ajereh) – $90 Million

Born in 1982 in Umuahia, Nigeria, Don Jazzy is Africa’s top producer and label mogul. Starting in London clubs, he co-founded Mo’ Hits (2004) with D’banj, producing “Oliver Twist.” Post-split, Mavin Records (2012) launched Tiwa Savage, Rema, and Ayra Starr—now valued at $100 million. Production fees ($50,000/track) and equity fuel income; endorsements with Glo and tech investments (Illeva WiFi) add layers. At 43, his mentorship role and Lagos properties ($10 million) keep Mavin a powerhouse; he’s shaped Afrobeats globally.

4. Burna Boy (Damini Ebunoluwa Ogulu) – $95 Million

Born in 1991 in Port Harcourt, Nigeria, Burna Boy (Damini Ogulu) fuses Afrobeat with reggae/dancehall. From a musical family (mother Bose is manager), L.I.F.E (2013) debuted him; African Giant (2019) and Grammy-winning Twice as Tall (2021) followed, with 100 million records sold. Spaceship Entertainment label and fashion line (Spaceship Earth) earn $20 million/year; Martell ($5 million) and Chipper Cash deals boost it. A $15 million Lekki mansion and Ferrari collection reflect success; 2025 I Told Them Tour grossed $5.7 million in six shows, with Ed Sheeran collabs expanding reach.

5. Black Coffee (Nkosinathi Maphumulo) – $60 Million

Born in 1976 in Durban, South Africa, Black Coffee pioneered deep house. Overcoming a car accident that inspired his DJ name, he debuted Have Another One (2007); Grammy wins and Coachella sets followed. Soulistic Music label and Ibiza residencies generate royalties; tech/real estate investments ($20 million) and luxury brand collabs add wealth. At 49, his global tours ($10 million/year) and Durban mansion cement status as Africa’s richest DJ.

6. Tiwa Savage (Tiwatope Savage) – $86 Million

Born in 1980 in Lagos, Nigeria, Tiwa Savage (“Queen of Afrobeats”) studied business in the UK before Berklee. Signed to Sony/ATV (2009), Once Upon a Time (2010) launched her; Roc Nation deal and 50 million records sold ensued. Universal Music Group and MAC Cosmetics (first African collab), Pepsi, L’Oréal ($5 million/year) drive income; 2024 beauty line and UK/Lagos homes (N75 million Lekki mansion) solidify it. 2025 European tours grossed $10 million; she’s the highest-paid African female artist.

7. Sarkodie (Michael Owusu Addo) – $20 Million

Born in 1988 in Tema, Ghana, Sarkodie is Azonto/hip-hop king. Debut Makye (2009); Highest (2017) sold 5,000+ copies first day. BET winner (first Ghanaian), he founded SarkCess Music; endorsements with Samsung, Tigo, FanMilk ($3 million) and Obidi headphones/clothing line boost wealth. At 37, his 2025 tours and Accra mansion position him as Ghana’s richest musician.

8. Olamide (Olamide Adedeji) – $70 Million

Born in 1989 in Bariga, Lagos, Nigeria, Olamide (“Baddo”) pioneered Yoruba rap. Rapsodi (2009) debuted; YBNL Nation (2012) launched Fireboy DML/Asake ($15 million royalties). Ciroc endorsement (first Nigerian) and filling stations/mansions ($25 million) add; 2025 Ikigai set Spotify Nigeria records, with $2-4 million/show fees.

9. Diamond Platnumz (Naseeb Abdul Juma Issack) – $10 Million

Born in 1989 in Tandale, Tanzania, Diamond Platnumz dominates Bongo Flava. Wasafi Classic Baby (2006) started him; 1 billion YouTube views (first sub-Saharan African). Wasafi Records manages stars; endorsements with Coca-Cola, Pepsi, Vodacom ($5 million/year) and Coral Paints. At 36, his 2025 tours and Dar es Salaam mansion make him East Africa’s richest.

10. Fally Ipupa – $17 Million

Born in 1977 in Zaire (now DRC), Fally Ipupa modernized Congolese rumba. Quartier Latin (late 1990s); solo Droit Chemin (2006) exploded. Album sales, France sold-outs, and endorsements ($5 million) fuel wealth; at 48, he’s Central Africa’s top earner with Kinshasa/London properties.

These artists exemplify Africa’s musical renaissance, blending talent with business. Philanthropy (e.g., Wizkid’s endowments) and investments ensure sustainability. Rankings evolve with deals.