The African music industry is one of the fastest-growing music industries globally due to an increased number of talented African musicians working hard to bring out the best songs.
They have advanced African music inherited from the best old African musicians to reign globally. African musicians are currently competing with other musicians all over the world and have won some grammy awards.
These musicians have released numerous incredible songs of various genres that have been played throughout Africa and around the world. These musicians have also amassed sufficient wealth from their musical careers to rank among the richest musicians in their respective African countries.
They have also gone on to become the richest musicians in Africa, with a substantial net worth. In this article, we have compiled a list of the top richest musicians in Africa in 2023.
Top 10 Richest musicians in Africa in 2023
1. Youssou N’Dour – $140 million.
Senegalese musician Youssou N’Dour is the richest musician as well as the oldest musician in Africa in 2023. Born in 1959 to a Wolof mother and a Serer father, the 63-year-old musician is a singer, songwriter, musician, composer, occasional actor, businessperson, and politician.
He was once named Senegal’s most famous living singer by Rolling Stone magazine. He started his music career at a young age when he joined Super Diamono, which made his career known to the world.
The former Senegalese Minister of Tourism signed a contract with the music label Star Band when he was 16 years old, but left after two years to form Étoile de Dakar, a music group that helped stir Senegalese new generation music.
He intended to promote talented musicians with Étoile de Dakar, which later became one of the most popular in Africa, spawning the Mbalax music style.
Youssou N’Dour founded Jololi Music Studio in 1995 after releasing four albums with Étoile de Dakar. The African musician has millions of fans worldwide thanks to his Mbalax style of music.
2. Black Coffee-Net worth of $66 million
With a net worth of $60 million, Black Coffee is the richest musician in Africa in 2023. Nkosinathi Innocent Sizwe Maphumulo, also known as Black Coffee, is a South African musician.
The well-known musician works as a DJ, record producer, singer, and songwriter. He has received recognition for his DJ work, including the Breakthrough DJ of the Year award at the DJ Awards.
Black Coffee has one of the best car collections African musicians
Since his debut in the South African music industry in 1994, Black Coffee has released nine studio albums, which have helped him earn enough money to become Africa’s richest musician in 2023.
Black Coffee was born in Umlazi, South Africa, on March 11, 1976. He once got a hand injury while celebrating the return of former South African President Nelson Mandela.
He began his musical career as a backup singer for South African musician Madala Kunene at the Durban University of Technology.
In the remix Stimela, Black Coffee released his first song with Hugh Masekela before his first hit, “Happiness.”
The well-known African musician has received numerous awards, including 2015 Breakthrough DJ of the Year, SAMA’s Best Dance Album, Album of the Year, and Best Engineered Album International Recognition.
BET Awards’ Best International Act: Africa, DJ Awards’ Best Deep House DJ, Best International Producer, Best International DJ, SAMA’s Album of the Year, Male Artist of the Year, and Best Dance Album are among the other honors.
Black Coffee owns the record label Soulistic Music, through which he produced all nine of his albums.
Black Coffee car collections and houses
Coffee, Africa’s richest musician, has amassed the finest luxury properties. Someone with such a large net worth would want to own one of the most expensive properties in the world.
Black Coffee owns two magnificent mansions in Los Angeles, California, and the other in South Africa. His South African home is estimated to be worth $400,000.
When it comes to Black Coffee’s car collection, he has one of the most expensive and beautiful cars in the world. The famous musician is a Mercedes fan and has two Mercedes cars worth $40,000 each, including a Mercedes-Benz Station Wagon and a Mercedes-Benz CLK.
Black Coffee’s Mercedes is not his most expensive vehicle; he also owns a Bentley GT Continental worth $100,000 and a Maserati worth $50,000.
3. Wizkid – Net worth of $21.5 Million
Wizkid is Africa’s second richest musician in 2023, ranking second among Africa’s top ten richest musicians. Wizkid’s net worth is expected to be 21 million US dollars in 2023.
When he was announced as one of the stars headlining the 2022 Rolling Loud Music Festival in September, the Nigerian artist became the first African musician to earn $1 million in a single show.
Wizkid, in addition to singing, has many endorsements deals with MTN Nigeria and GLO (which paid him over $240,000 million to become their ambassador).
Top Nigerian Singer and Song Writer Wizkid (Ayodeji Ibrahim Balogun) has gained so much popularity in the whole of Africa and world
In 2020, the singer signed an endorsement deal with the mobile technology company Tecno, as well as another with the international sportswear brand Puma.
The famous musician also increased his net worth by securing multi-million dollar deals with Pepsi and Guinness, which brought him more money.
In July 2019, the talented singer increased his net worth by confirming a mega-deal signing as a brand ambassador for United Bank for Africa (UBA).
His music and endorsements have helped him become Africa’s second richest musician in 2023.
Ayodeji Ibrahim Balogun, better known as Wizkid, is a singer and songwriter. Wizkid began his musical career at the age of 11 in a nearby church. He used to be a member of a local band called the Glorious Five.
Wizkid released an album with the group Glorious Five when he was 11 years old.
During his struggles, he met OJB Jezreel, who became his mentor. He then began visiting Jezreel’s studio, where he observed and learned from recordings by artists such as 2 Face Idibia and Sound Sultan.
Wizkid then joined Empire Mates Entertainment (E.M.E) in 2009, and his career in the music industry took off from there.
Wizkid, who was born in Surulere, Lagos, on July 16, 1990, was the first Nigerian musician to be recognized in the Guinness Book of World Records for the most played song on Spotify.
This is as a result of his collaboration with Drake on the song “One Dance.” In 2020, the “star boy” released the music album ‘Made in Lagos,’ which included interesting tracks like ‘Reckless,’ ‘Ginger,’ and ‘Essence,’ which made Barack Obama’s list of favorite songs.
Wizkid founded ‘Starboy Entertainment.’ He is the epitome of a singer who rose from the bottom to the top.
Hopper ranked Wizkid number 37 in its list of Instagram Rich Celebrities 2020, with each of his posts costing an estimated $57,300.
Wizkid is one of the richest Nigerian musicians, with a net worth of $21.5 million, according to the 2020 Forbes list. Even after a year, Wizkid is still considered the richest musician in Nigeria in 2023.
Wizkid’s car collections and houses
Wizkid owns a luxurious mansion in Surulere worth approximately $26,000 million, as well as another in the United States, specifically Los Angeles. Wizkid’s car collection includes:
- BMW X6 crossover ($17,400)
- Porsche Panamera ($101,600)
- Lamborghini Urus ($160,000)
- Used Mercedes Benz G63 AMG ($110,000 – $130,000)
4. Davido
Nigerian music star, David Adeleke (Davido) is the 3rd richest musician in Africa in 2023
Davido’s net worth is derived from music and endorsement deals, including his $78,296 MTN endorsement deal, Guinness Nigeria, and Infinix mobile.
Davido also appears in local and international shows, earning up to $20,000 per performance (in Nigeria) and $30,000 for international appearances.
Davido’s net worth and wealth are also boosted by his YouTube channel, which has received over 663 million views.
Davido’s Instagram account is also included. According to Hopper, each of Davido’s Instagram posts is worth an estimated $91,100. He is ranked 29th among the world’s Instagram Richest Celebrities.
Davido has amassed enough wealth through social media platforms and endorsements to become Africa’s third-richest musician.
On October 30, 2011, Davido released “Dami Duro.” He co-produced the single with Shizzi, who shot it in Lagos.
In January 2012, the video of the song Dami Duro was released, and it quickly became the talk of the town, receiving extensive media coverage.
Davido released his debut studio album, “Omo Olowo,” on July 17, 2012, through his HKN Music Record Label, a big hit that helped Davido gain more fans.
Since then, he has released a slew of singles that have brought him fame, fortune, and international acclaim. His most album, “A Better Time,” was released on November 13, 2020, and received 213 million streams across all platforms just a month later.
Davido was the executive producer for OBO, which included producers such as Spellz, Jay Sleek, and Maleek Berry, among others.
Davido’s cars and houses
Davido owns two mansions in Lekki, Lagos, and one in Georgia, USA. His car collection is one of the best among African musicians, including:
- Rolls Royce Cullinan 2019 ($700,000)
- Bentley Bentayga ($216,000)
- Bentley Continental GT ($190,000)
- Porsche Panamera Turbo S ($45,600)
- Range Rover Sports ($168,000 – $180,000)
- Range Rover SV Autobiography ($196,000)
- Chevrolet Camaro GS ($18,800)
- Audi R8 ($46,800)
- Audi Q7 ($24,000)
- Mercedes-AMG GLS63 ($90,000)
- Mercedes G-Wagon ($42,000)
- Toyota Land Cruiser ($60,000)
5. Don Jazzy – Net worth of $18.5 million
Collins Michael Ajereh, also known as Don Jazzy, is the fourth richest musician in Africa in 2023. Don Jazzy was born on November 26, 1982, in Umuahia, Abia State.
Don Jazzy’s net worth is estimated to be over $18 million. In addition to being a musician, he is also a music producer and an entrepreneur. This wealthy music star is the CEO of the Mavins Records Label.
Don Jazzy is the fourth richest musician in Africa in 2023
Don Jazzy’s musical career began with collaborations with D’banj, where the duo produced various hit tracks at Mo’hits records. This was before they split up a decade ago. Don Jazzy founded the Mavins Records Label after splitting from D’banj.
Don Jazzy is well-known for his talent-spotting abilities. He announced the signing of a female artiste, Ayra Starr, into his music fold just this year, on January 21, 2020.
As a result, Ayra Starr joined the ranks of other newcomers signed to Don Jazzy’s Mavins Records, including Rema, Ladipoe, and Koredo Bello.
Ayra Starr is doing well for herself so far, as she has already set tongues wagging with the release of her debut EP, which began with the trilling song,”‘Away.”
His most recent acquisition Boy Spyce has already made a name for himself with his outstanding songs such as Nobody, Bad Things, Dreams, Destiny, and Wayo.
Don Jazzy is well-known for his excellent music production. His hard work and persistence have aided him in his business dealings with artists both inside and outside the country.
Don Jazzy has successfully groomed and established many talented musicians, including Wande Coal, Tiwa Savage, Reekado Banks, D’Prince, and many others.
He has lucrative contracts with companies such as MTN and Loya Milk in addition to his music career and also endorsement deal with V-Bank, one of his most notable and recent deals.
V Bank, Nigeria’s leading digital bank, announced that its contract with Don Jazzy will be extended until December 2020. To commemorate the renewed one-year contract, the bank executives gave him a V Bank branded hoodie.
Unsurprisingly, Don Jazzy has received numerous awards for his work as a top music producer. Don Jazzy appears unconcerned about marriage because he has prioritized his music career and the development of new talent for the music industry.
Aside from his music career, Don Jazzy is also known as a comedian; he has appeared in numerous skit clips with various comedians in Nigeria, which has helped increase his net worth and position him as one of Africa’s richest musicians by 2023.
Don Jazzy’s houses and cars
Don Jazzy has purchased three mansions for himself, on Banana Island, another in Lekki, and the third in Los Angeles. You can bet that this wealthy musician will own exotic vehicles such as:
- Porsche 911 Carrera ($84,000)
- Bentley Continental ($50,000)
- Cadillac Escalade ($54,400)
- Used Mercedes Benz E350 ($40,000)
6. Burna Boy – Net worth of $17 million
Damini Ebunoluwa Ogulu popularly known as Burna Boy is a Nigerian singer, rapper, songwriter, and dancer. Burna Boy is from Mbiama in Rivers State’s Ahoda West LGA.
He is the 6th richest musician in Africa with an estimated net worth of $17 million. He is also regarded as one of the top ten richest musicians in Nigeria
Burna Boy is the fifth richest musician in Africa in 2023
Burna was born in Port Harcourt, Nigeria before he moved to Lagos State, Nigeria with his parents.
Burna Boy’s parents relocating to Lagos was a good move for him because it aided his career, as many of the big names in the Nigerian music industry and the best music resources are located in Lagos State, Nigeria.
Burna Boy rose to prominence in the music industry in 2012, with the release of his hit single “Like to Party” from his debut album L.I.F.E.
On the first day of its release, he sold up to 40,000 copies of L.I.F.E. before he opted to sell the marketing rights to L.I.F.E to Uba Pacific for $20,000.
Burna Boy left Aristokrat records in 2014 and founded his own record label, Spaceship Entertainment, in 2015. On November 25, 2015, he released his second album through his record label.
Burna Boy’s music career has been filled with triumphs, as he has made waves both nationally and internationally. His music album, Twice as Tall, was released in 2020, making waves both nationally and internationally.
Twice as Tall earned him a Grammy Award nomination for Best Global Music Album in 2023.
Clacified also reported that Burna Boy, alongside another top artiste, Wizkid won prizes at the 2020 MOBO Awards. He is currently a Globacom, Nigerian Breweries Plc, and Mortell Cognac brand ambassador.
Burna Boy’s cars and houses
Burna Boy loves glamorous cars. He once said he purchased his first ride, a Range Rover, at 17. Check out some of Burna Boy’s cars:
- Lexus
- Bentley
- Mercedes-Benz G Wagon.
- 2013 Ferrari 458 Italia
- Rolls Royce Down Convertible
7. 2Face (2Baba) – Net Worth of $16.5 million
Innocent Ujah Idibia, also known as 2Baba or 2Face, is ranked sixth on our list of the top richest musicians in Africa in 2023
2Fcae was born in Plateau State on September 18, 1975, but he is of Benue origin.
With a net worth of $16.5 million, 2Face is the sixth richest musician in Africa among the top ten richest musicians in Africa in 2023. 2Baba improved his musical abilities and rose to become one of Africa’s best Afropop artists.
Innocent Ujah Idibia (2baba) is the sixth richest musician in Africa in 2023
He is one of Nigeria’s oldest musicians still active in the Nigerian music industry. 2Face has amassed a fortune through his music career, making him one of Africa’s richest musicians in 2023.
He began his career with the Plantashun Boiz group before going solo. One would think he does fall off the radar of the music industry. But, no, he persisted, even flourishing on his own.
During his early career, he was signed to Kennis Music, where he released his first music album, “African Queen.”
The African Queen catapulted him to fame in 2004. Tuface has remained at the top of his game since the release of that song, releasing major hits one after the other.
He has received numerous awards, including MTV Music Awards, Headies, and BET Awards. His efforts and persistence in the music industry have helped him become one of Africa’s richest musicians in 2023.
Tuface’s luxurious apartment and cars
Even though 2face prefers a private life, it is clear that he owns expensive cars and homes. He owns two Lagos homes, one apartment in the United States, and relaxation lounges in Ikeja, FESTAC, and Lagos Island.
2baba is not very open about his car collection, but here are the vehicles that have been photographed with the artist:
- Chevrolet Corvette Coupe ($9,000)
- Ferrari Coupe ($114,000 – $160,000)
- Used Toyota Land Cruiser Prado ($60,000 – $104,000)
8. Rude Boy – Net worth of $16 million
Rude Boy, a Nigerian musician, has an enormous fan base in Nigeria and Africa. He is ranked seventh among the top ten richest musicians in Africa in 2023.
Rude Boy began his music career alongside his twin brother, Mr. P, collectively known as P-Square. He started his musical career while attending music school, singing in school plays with his twin brother.
Rude Boy is the 7th richest musician in Africa in 2023
The duo released their first song, “Last Nite”, under the Timbuk2 music label after winning the Grab Da Mic competition.
The two singers rose through the ranks of Nigeria’s music industry. They had numerous hit singles, including E No Easy with J Martins, Chop My Money with Akon and May D, Beautiful Onyinye with popular American rapper Rick Ross, and many more.
Rude Boy and his twin brother released six hit albums, five of which were under their record label (Square Record Label) and one under Timbuk2 Music Label before they split up due to a disagreement.
Last Nite, Get Squared, Game Over, Danger, The Invasion, and Double Trouble are among their albums. They won numerous awards that helped them become one of Africa’s wealthiest musicians, including Best Group, Album of the Year, Video of the Year, Best HipHop of the Year, and others.
Rude Boy began singing on his own after being separated from his twin brother.The duo reconciled their differences and performed their first show together in Sierra Leone in 2022.
Paul Okoye (Rudeboy)’s Cars and Mansion
Paul Okoye, better known as Rude Boy, owns properties both in and outside of Nigeria.
His car collections include:
- Rolls-Royce Phantom ($408,000)
- Rolls Royce Ghost ($382,000 – $494,000)
- Land Rover Range Rover ($100,000 – $164,000)
- Lamborghini Gallardo ($149,200 – $235,800)
9. Timaya – Net worth of $12.5 million
Timaya, also known as “the plantain boy,” was born on August 15th, 1980. The Nigerian singer and songwriter is ranked eighth on our list of the top richest musicians in Africa in 2023.
He formed a band called “Dem Mama Soldiers.”
Timaya is among the richest musicians in Africa in 2023
Timaya’s net worth is estimated to be $12.5 million, placing him as the eighth richest musician in Africa in 2023.
The Nigerian King of Dancehall rose through the ranks of the music industry. He began as a backup singer for other musicians before going solo with the help of K Solo.
True Story, his first professionally released song, was released in 2005. True Story was pursued by other chart-topping singles such as “Gift and Grace,” released in 2008, and De Rebirth, his third studio album.
Timaya is the CEO of the DM record label (Dem Mama record label), to which King Perry was signed. The emergence of DM record has helped him groom artists such as Runtown and Patoranking.
Timaya, who has been very active in the Nigerian music industry, has won many awards that have earned him a fortune and made him one of Africa’s richest musicians, including Best Reggae/Dancehall Album with his music True Story, Best Collaboration with “Good or Bad,” and many more.
Timaya’s houses and cars
Timaya owns a $500,000 mansion in Lekki, Lagos State. If you follow Nigerian artists on Instagram, you are probably aware of his three Mercedes G-Wagon cars in various colors that went viral on social media.
Timaya’s car collection is enviable, with other expensive rides in addition to the Benzs; see below:
- Porsche 911 Carrera ($84,000)
- 2 Range Rover Sports ($168,000 – $180,000)
- Mercedes-Benz G55 AMG ($1290,000 – $170,000)
- Mercedes-Benz GLE ($40,000 – $44,000)
- Bentley Continental GT ($152,000)
- Lexus LX570 2015 ($58,000 – $78,000)
- Used Lexus GX 460 ($50,000 – $84,000)
10. Olamide – Net worth of $12 million
On stage, Olamide Adedeji chose to go by his first name, Olamide. However, due to the nature of his street music, he is also known as Baddo. Olamide was born in Bariga, Lagos State, on March 15, 1989.
Are you curious about Olamide’s net worth?
Olamide’s net worth is estimated to be $12 million, ranking him tenth among African musicians in 2023.
Nigerian street musician Olamide is the richest musician in Africa in 2023, with a huge net worth
He is well known for mainly singing in his native language Yoruba, which has earned him a large fan base in western Nigeria, particularly in Lagos.
Olamide, who has a net worth of $12 million, began his career in music with the Coded Tunes label but is now focusing his efforts on raising a few other artists through his YBNL record label.
Olamide’s music career took off after the release of his song Eni Duro in 2012. Rapsodi, his 2011 album, was also a huge success.
Rapsodi was quickly followed by YBNL, his second album, which included some single hits that catapulted him to fame.
This music legend now has up to seven studio albums to his credit.
He has received numerous awards in the Nigerian music industry, including Best Indigenous Artist and Album of the Year. He has also received a slew of nominations.
All of his hard work and music awards have helped him become one of Africa’s top ten richest musicians in 2023.
Olamide’s houses and cars
Olamide has amassed numerous assets as the 10th richest musician in Africa, with an estimated net worth of $12 million. He owns two mansions in Lagos, one in Lekki and one in Bariga. He also has a flashy garage full of expensive cars, such as:
- Toyota Venza ($12,000)
- Range Rover Sports ($30,000)
- Mercedes-Benz G Wagon (46,000)
- Range Rover Sports V8 ($168,000 – $180,000)
- Used Rolls-Royce Phantom ($408,000)
