Fireboy DML’s net worth is estimated at $1 million. He has an extensive career in the music industry and has produced hit songs like “Jealous”, “Peru”, and “King”. Among the cars, Fireboy drives include a Rav4 and Bentley Continental.
Awards and good money are some of the ways to know successful music artists like Fireboy, a Nigerian musician who, over the years, has overwhelmed millions of music lovers with good vibes, beats, and instrumentals. Since his emergence in 2019, the YBNL signee has released several hit songs. As a reward, he has gained bountifully from the industry, raking in several awards, a fanbase, plus a whopping $1 million dollars as net worth. Here is a breakdown of how Fireboy DML’s net worth came about.
What is Fireboy DML Net Worth in Naira?
Fireboy DML’s net worth is estimated at $1 million, which is roughly 46 million Nigerian Naira. He accumulated his wealth mostly from his fast-growing career in the Nigerian music industry.
Popularly called the king of modern Afrobeats, Fireboy is a Nigerian singer and songwriter currently signed to YBNL Nation, an independent record label founded by Nigerian rapper Olamide.
While being under the tutelage of veteran artist Olamide could be regarded as Fireboy’s first step to his rise to fame and possibly financial growth, the 28 year-old singer clearly noted that he had been in the music industry and making meaningful income from writing songs and performing on stage while studying at the Obafemi Awolowo University.
Resolute to move his music career further, he worked with the YBNL crew and released his debut single, “Jealous,” which became his mark to international fame. “Jealous” first appeared on YBNL Nation’s collaborative album YBNL Mafia Family, and following its widespread exposure from various radio stations across Nigeria, it was reissued to the public on March 29, 2019.
The success of the genre-defying smash hit encouraged young Fireboy to work on releasing more, hence his romantic singles “What If I Say” and “King”, which apparently were also huge successes. To seal his name in the hearts of millions of his followers, Fireboy released his debut studio album, Laughter, Tears, and Goosebumps.
Fireboy’s debut album walked straight into the pop Hall of Fame and shot him into the elite class of the continent’s entertainers. It not only earned him positive ratings but also won Listener’s Choice award. LTG, according to the singer, was aimed at introducing the world to his sound.
While his debut album LTG introduced him to the world, his sophomore album Apollo graciously sealed him in the hearts of millions not only in Nigeria but also in Africa and the world at large. Now with three albums and several big hits like “New York City Girl”, “Peru”, “Tattoo”, “Champion”, and “Playboy”, Fireboy is definitely making his way to become one of Nigeria’s biggest and richest artists from Nigeria.
- “Need You
- “Like I Do
- “Gbas Gbos
- “Omo Ologo
- High on Life”
- “What If I Say”
- Wait and See”
How Fireboy’s Net Worth Came About
Like every other successful music artist across the world, Fireboy earned meaningful income from various sources. This, of course, includes record and album sales, streaming royalties, live performances, music tours, brand endorsement deals, and songwriting. All these are the channels through which Fireboy DML’s net worth grew.
Sales from hit songs and albums are among the biggest ways the likes of Fireboy make their income. Depending on his agreement with his record label, the YBNL star gets a share of every one of his records that is sold. A portion of the monies also goes to his manager, agents, promoters, PR teams, and sound engineers.
While his first two released albums (LTG and Apollo) recorded great sales, his third album, PPlayboy, particularly earned him global recognition. The project became his highest charting project in the US on iTunes after it entered the 6th position on the chart in 2022. This was a feat that his sophomore album ‘Aollo’ formerly held after peaking at the 8th position.
How Much Does Fireboy Make from Writing Songs?
The exact amount Fireboy charges as a songwriter has not yet been revealed. However, the singer revealed that during his early emergence into the industry, he was exploited by some top musicians who paid him from N30k to N50k to write songs.
Fireboy is often lauded for his songwriting abilities. He is said to have written songs for many Nigerian artists. He even co-wrote “Temptation” by Tiwa Savage and Sam Smith. The song was released in 2020 and is rated among Tiwa Savage’s best hits. Fireboy has written several hit songs, and this time, not for sale.
While responding to a post by one of his followers, Fireboy revealed on his Twitter page in 2019 that he writes all his songs, including his music albums. As a prolific lyricist, Fireboy has collaborated with international artists like Chris Brown, D Smoke, Ed Sheeran, and Madona.
How Much Does Fireboy DML Make from Streaming Royalties?
Generally speaking, artists do not deal with streaming platforms directly. Instead, they use a distributor who will then take care of getting their music to the platforms. Fireboy receives royalties from various streaming platforms like Spotify, Apple Music, iTunes, and YouTube, to mention just a few.
In 2021, the digital music service Spotify mentioned Fireboy’s song “Peru” as the most-streamed song. The music single, which was released in 2021, also tops the list of radio songs as it is played on various radio stations around the world. A version of Peru with Ed Sheeran made it on the United States Billboard Hot 100 chart and peaked at number 2 on the United Kingdom’s Official Singles Chart in 2022. On YouTube, it recorded over 167 million views.
“Champion” could be another song by Fireboy that has earned him meaningful income via streamings. The song gained international media coverage when it was used by FC Bayern Munich for their UEFA Super Cup celebrations. ‘Peru’ remix has over 31 million views on Youtube, topped Apple Music charts in the UK, and gathered 35 million Spotify streams.
In general, his album titled Laughter, Tears, and Goosebumps, with 13 tracks, apparently received the biggest stream as it recorded over 6 million streams on Spotify within three days after its release. With platforms like Spotify paying $4 for every 1,000 streams and $4000 for every million streams, there is no doubt that Fireoy has generated millions from streamings.
How Much Does Fireboy DML Charge Per Show?
Fireboy is yet to reveal to the public how much he charges to perform at a show. However, sources online say it could range from $40K to $50K. To feature in a song by another artist, the YBNL signee reportedly around Fireboy charged about N5 million. This is likely a unanimous decision by entire members of the YBNL, including his boss, Olamide.
His Ambassadorial Deals
Like every other famous star with fast-growing followers on various media platforms, Fireboy makes a living from deals he signed with company brands. He is a brand ambassador for top brands in Nigeria. They include Tekno Mobile, Kuda Bank, and Monster energy drink.
Firboy’s Endorsement Deals include
- Tecno Mobile,
- Kuda Bank,
- Monster energy drink.
Where Is Fireboy’s House?
Fireboy owns a beautiful luxury home, and it is located in Lagos state, Nigeria. The YBNL star gifted himself the luxury home on 12 March 2021, days after winning the most awards at the 14th Headies.
Apparently, the multimillion-dollar home, which is located in Lekki, was brokered by Dami Marshal, KWAM 1’s real estate agent and celebrity lawyer. Fireboy now joins the ranks of celebrities, such as BBNaija reality star Nengi Rebecca Hampson, to own a mansion in Lekki.
The singer himself shared the good news about his newly-acquired mansion on his Instagram page, and as expected, he received congratulatory messages from his friends and fans, including his boss, Olamide.
Fireboy has fleets of luxury cars lined up in his apartment. His cars include a Rav4, which he often drives around, and in making thriller videos. The compact crossover SUV is produced by the Japanese automobile manufacturer Toyota and offers a quality cabin with ample space. However, it has a noisy engine that lacks the punchy turbocharger of many rivals.
There are claims that the cars Fireboy often drives around, including a Land Cruiser Prado and a White Bentley Continental, are owned by YBNL. This cannot be confirmed as the Afro-pop singer is quite private about his social life.