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Top 10 Richest Musicians in Africa 2023 (See Davido And WizKid’s Position)

The Top Richest Musicians in Africa

1. Youssou N’dour $145 Million

Politically engaged Senegalese musician, singer, actor, entrepreneur, and politician Youssou N’Dour. After 40 years in the music industry, he still makes millions. His 2005 album Egypt received the Grammy for best contemporary world music album, among other awards.

His voice was described as a flexible weapon used with prophetic authority by The New York Times, with a striking tone. In addition to a record company, Youssou N’Dour owns a TV station. Along with owning a number of eateries, he also runs the Youssou N’Dour Seduction clothing line. Senegal’s culture and tourism minister, Youssou N’Dour, was appointed in April 2012. An estimated $145 million is the musician’s net worth.

2. Akon $80 Million

Akon from Senegal, with an estimated net worth of $80 million, comes in at number two on our list of the top 10 richest musicians in Africa in 2023. Damala Badara Akon is his true name, however he is better known as Akon. He hails from Senegal’s Dakar. The second-richest musician in Africa is an international singer-songwriter, record producer, businessman, and entrepreneur. Following the release of his top-charting song Locked Up and Lonely in 2004, Akon gained notoriety. The majority of his money comes from the musical sales of his record, which have increased its global sales to over 35 million copies, as well as from many sponsorship partnerships and other investments he has made.

3. Black Coffee $60 Million

Black Coffee is a disc jockey and performer from South Africa. The most wealthy musician in the nation and the third-richest person in all of Africa is Nkosinathi Maphumulo, who goes by his own name. As evidence of Black Coffee’s wealth, we can see that he owns opulent cars such the Mercedes Benz G Station wagon, CLK Mercedes, Bentley, and Maserati. Additionally, he says he owns an own luxury jet. As the recipient of numerous awards and commendations, Maphumulo is a highly regarded artist. He received the Breakthrough DJ Of The Year honor in 2005 at the Ibiza DJ Awards.

4. Wizkid $21 Million

Wizkid, a Nigerian artist with an estimated net worth of $21 million, ranks fourth on our list of the top 10 wealthiest musicians in Africa in 2022. Wizkid, a talented Nigerian Afropop singer and songwriter who was born Ayo Balogun, is well-known worldwide. Star Boy Records is owned by him. Other than music, Wizkid has landed a number of endorsement deals with companies including MTN Nigeria, UBA, and GLO, who paid him over N240,000 million to serve as their ambassador. After completing a mega-deal signing for United Bank for Africa (UBA) as their brand ambassador in July 2019, the gifted singer increased his net worth further. After signing with Banky’s Empire Mates Entertainment (EME), Wizkid began his musical career in 2009.

5. Davido $20 Million

On November 21, 1992, David Adedeji Adeleke was born in Atlanta, Georgia, in the United States. He is a Nigerian singer, songwriter, and record producer, though. He is the owner of the record company DMW Record. He also has a contract with Sony Music Entertainment. Additionally, he shares ownership of HKN Music, a record company run by his brother Adeleke Adewale. He is regarded as one of the wealthiest musicians in Africa. Although Davido comes from a wealthy family, he has claimed that all of his wealth comes from his music and sponsorship deals. MTN, Infinix Mobile, and Guinness Nigeria are a few notable brands with which Davido has endorsement agreements. Davido’s net worth is thought to be $20 million.

6. Don Jazzy $18 Million

Collins The sixth-richest artist in Africa is Michael Ajereh, commonly known as Don Jazzy. With the well-known tracks he co-wrote with D’banj for Mo’hits, he launched his musical career. About five years ago, the two broke up, and Don Jazzy founded Mavins Records Label. Thanks to his hard work and commitment, this 39-year-old guy has become well-known and wealthy as a music producer and businessman; his estimated net worth is $18 million. He is also recognized for finding exceptionally talented newcomers to the music industry.

7. Burna Boy $17 Million

In 2010, Burna Boy, a professional singer and musician from Nigeria, made his entrance into the music scene. After the release of his popular song Like to Party in 2012, he rose to stardom in the music industry. But in 2013, his new album L.I.F.E, which included the popular song, was made available. Numerous honors, including a Grammy, have been bestowed upon him. Additionally, in the year 2019, he was a featured artist on Apple Music’s Up Next roster. The King of Afro Beat, Fela Kuti, is allegedly linked to Burna Boy, according to many. Burna Boy is currently seeing Stefflon Don, a UK-based artist and songwriter who is also in a relationship but hasn’t yet tied the knot. An estimated $17 million is how much money Burna Boy is worth.

8. 2Baba $16.5 Million

Initially, 2Face, now going by the name 2baba, belonged to the band “Plantashun Bolz,” but he left the group to sign with the Kennis Music Record Label. On September 18, 1975, in Plateau state, Nigeria, Innocent Ujah Idibia, popularly known as 2Baba, was born. Although they are from Benue State, his parents. His age is currently 46. With a net worth of $16 million, he is undoubtedly among the most well-known Nigerian artists ever. The popularity of 2Baba’s songs hasn’t diminished despite the fact that he is one of Nigeria’s more well-known musicians. BET Awards, MTC Music Awards, and the Headies are just a few of the music accolades he has won.

9. Rude boy $16 Million

One of the wealthiest musicians in Africa is Paul Okoye, commonly known as Rudeboy, who has a net worth of $16 million. While attending music school, Rudeboy launched his music career by performing with his twin brother Peter Okoye (Mr P) in school performances. The group was commonly referred to as P-Square.

10. Timaya $12 Million

Inetimi Timaya Odon, popularly known as Timaya, is a Nigerian singer, songwriter, and musician who was born in Port Harcourt, Rivers State, on August 15, 1980. Timaya is a Nigerian who was born in Rivers State but whose home state is Bayelsa. He is the youngest of fifteen children who make up his large family. Timaya decided to stick with K-Solo as his music producer after his debut song, Dem Mama, became a hit. K-Solo had already recorded seven songs for Timaya for his debut album. When the album was released in 2007, it became a national hit. One of the wealthiest musicians in Africa, the musician has an estimated net worth of $12 million.

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