Burna Boy, Rema, and three other Nigerian artists rank as the top earners in the Nigerian music industry, collectively amassing a net worth of N1 trillion.

2 minutes, 21 seconds Read

 

Burna Boy, Rema, and three other Nigerian artists rank as the top earners in the Nigerian music industry, collectively amassing a net worth of N1 trillion.

 

In the past twenty years, the Afrobeats music scene has seen significant breakthroughs both in Nigeria and internationally. This rise was initially led by notable figures such as D’Banj, P-Square, and Don Jazzy, who have since handed over the reins. Currently, a new wave of artists is at the pinnacle of Nigeria’s music industry. This article highlights the top five highest-earning Nigerian musicians in 2023, boasting a combined net worth of N1 trillion.

 

Wizkid, known offstage as Ayo Balogun, stands as a giant in the Nigerian music scene, demanding at least $300k for each performance. Over the past ten years, his consistency has been remarkable. In 2018, his performance at an Indian wedding fetched an impressive $681k, signaling his rising international fame. By 2020, his fee had soared to over a million dollars for an appearance at the WTA in America, as reported by Turntable Music. Wizkid also earned $1 million for headlining the Rolling Loud event in Toronto, Canada, and another million for the Let’s Get Free Festival in New York in 2021. Public records indicate he’s Nigeria’s top-earning singer.

 

Afro-fusion sensation Damini Ogulu, better known as Burna Boy, proudly holds a Grammy win, a feat few Nigerian artists have achieved. His popularity has skyrocketed, with over 20 international arena shows and ten stadium concerts with 40k-plus attendees in the last 16 months. PR firm Big 7 reports that he charges $200k-$250k for international shows and insists on private jet travel. In 2019, he earned $300k for a 45-minute performance in Cameroon.

 

David Adeleke, popularly known as Davido, may rank third on this list, but his global influence and talent are undeniable. Known as the King of Afrobeat in the American media, Davido’s earnings reflect his status. He reportedly charges around N40m for domestic performances and upward of $150k for international events, with the fee varying based on event scale, location, and duration. He’s notably the first Nigerian artist to sell out the O2 Arena in London three times.

 

Divine Ikubor, or Rema, represents the new generation of Afrobeat stars. He recently became the first Nigerian to perform at the Ballon d’Or gala. His rapid rise in the past five years has been phenomenal, now charging $50k for 20-minute international performances and around N10m domestically.

 

Ololade Ahmed, also known as Asake, brings a fresh Afro-Fuji style to the scene. His breakthrough came in 2022 with his signing to YBNL record label. Now, Asake is the fifth top earner, with fees ranging from $20k to $45k for international shows and 8-N10m for local performances.

 

It’s important to note that these figures are subject to change over time, influenced largely by audience demand and preferences.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *