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Top 10 wealthiest celebrities in Nigeria [2020]

Burna-Boy & Wizkid

It is no news that the entertainment industry is a goldmine that has shaped the lives of hundreds of Nigerians irrespective of their background. In Nigeria, show business has proven to be a lucrative source of income and wealth for both investors and talents.

As a home to a handful of celebrities, this article will be exploring “Top 10 Wealthiest Celebrities In Nigeria” based on estimated figures;


10. D’Banj – $7.5m

Oladapo Daniel Oyebanjo popularly referred to as  D’Banj is reckoned as a pioneer of the Afrobeats movement and has worked his way to becoming a notable personality in the country.

The musician who ranks ten on our list of the top 10 richest celebrities in Nigeria, has bagged countless local and international awards.

Dbanj was crowned the best-selling African artist at the World Music Awards. In a total of 87 music awards, the musician was nominated for, he was able to win 29 of them.

D’banj has won awards at the following awards: BET Awards, Channel O Music Video Awards, Fizz Awards, Ghana Music Awards, The Headies, Kora Awards, MOBO Awards, MTV Africa Music Awards, MTV Europe Music Awards, Nigeria Entertainment Awards. His net worth is estimated at $7.5m.


9.BurnaBoy – $9.5m

Grammy-nominated artiste Burna Boy whose full name is Damini Ogulu is a Nigerian singer and songwriter. His 2012 breakout single  “Like to Party”, of the debut studio album L.I.F.E led him to become one of Nigeria’s most endearing acts.

In 2019, he won Best International Act at the 2019 BET Awards and was announced as an Apple Music Up Next artist.

His fourth studio album African Giant was released in July 2019 and it won Album of the Year at the 2019 All Africa Music Awards and was nominated for Best World Music Album at the 62nd Annual Grammy Awards.

The African Giant as he fondly calls himself is the ninth celebrity on our list with his net worth estimated $9.5m.

Genevieve Nnaji

8.Genevieve Nnaji – $14.3m

Genevieve Nnaji is one of the most popular Nollywood actresses in the country. She is also an actress of international repute. She has numerous awards to her claim and has appeared in top tier publications.

The veteran actress has featured in a lot of movies, with some of the latest being: Half of a Yellow Sun (with Chiwetel Ejiofor, Thandie Newton, Onyeka Onwenu, and OC Ukeje), Doctor Bello (with Isaiah Washington, Vivica A. Fox, Justus Esiri, and Stephanie Okereke.

Genevieve’s net worth is estimated at $14.3m.


7. AY – $15.5m

Popular comedian cum actor Ayo Makun known as Ay is the seventh on our list. Ay is a force to be reckoned with in the entertainment industry as his widely acclaimed Ay Live show has recorded groundbreaking performances consistently.

Having turned in huge numbers with his movie franchises from 30 days in Atlanta, 10 days in Suncity, Merry Men, and Merry Men 2, Ay is positioned as one of the most successful comedians in Nigeria with his net worth estimated $15.5m.6.

Mr P

Mr.P – $16.8m

Peter Okoye is the other half of the defunct of musical duo P-Square. They produced and released their albums through Square Records. In December 2011, they signed a record deal with Akon’s Konvict Muzik label.

In May 2012, they signed a record distribution deal with Universal Music’s South African branch. On 25 September 2017, numerous media outlets reported that the group disbanded.

Peter Okoye has gone to chart a path for himself and is estimated to have $16.8m net worth.


5. Don Jazzy – $16.9m

Nigerian legend producer, Michael Collins Ajereh professionally known as Don Jazzy, a graduate of business management studies at the Ambrose Alli University, Edo state.

Reckoned for his immense contribution to the Nigerian music industry, Don Jazzy has worked and groomed artistes to a place of recognition and relevance. Don Jazzy’s net worth is estimated to stand at $16.9m

4. Funke Akindele – $20.1m

Award-winning actress Funke Akindele who studied law and mass communications is one of the illustrious thespians in Nigeria.

She was noticed after ‘I Need to Know’ sitcom that lasted for four years, but real fame found her after the film ‘Jenifa’.

Funke Akindele is the owner of scene one productions and have starred in series of Nollywood grossing movies. Her estimated net worth is $20.1m


3. Wizkid – $20.1m

Ayodeji Ibrahim Balogun known as Wizkid is one of Nigeria’s most popular music stars in the world, From being a student of Lead City University, he became a loved Nigerian music star.

He has furthermore, progressed into being a world-class musician with fans across the globe.

He began recording music at the age of 11 and managed to release a collaborative album with the Glorious Five and rose to prominence after releasing “Holla at Your Boy”, the lead single from his debut studio album Superstar (2011).

Wizkid became the first Afrobeats artist to appear in the 2018 Guinness World Records for his contribution to “One Dance”. The star boy Entertainment boss is worth $20.1m

Tiwa Savage

2. Tiwa Savage – $21.5m

Nigerian singer, songwriter, and actress Tiwa Savage began her music career doing backup vocals for artists such as George Michael and Mary J. Blige.

After participating in the UK edition of The X Factor and graduating from Berklee College of Music, Savage signed a publishing deal with Sony/ATV Music Publishing in 2009.

In November 2018, Savage won Best African Act at the 2018 MTV Europe Music Awards, becoming the first woman to win the category.

Savage’s contributions to the Nigerian music industry have earned her several achievements. Tiwa is the second on our list and is estimated at $21.5m.


1.Davido – $32.1m

Billionaire heir David Adedeji Adeleke known as Davido, is an American-born Nigerian singer, songwriter, and record producer. Davido was born in Atlanta, US, and raised in Lagos.

David rose to fame after releasing “Dami Duro”, the second single from his debut studio album Omo Baba Olowo in 2012.

Following the eruptic acceptance, Davido won the Next Rated award at The Headies.

With several endorsement deals ranging from Pepsi, MTN, Henessy, Infinix Davido seats at the number one spot of top 10 wealthiest celebrities in Nigeria.

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Written by Annie Phillips


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