Celebrities are famous people who gained fame from what they do and how they impact others. They are generally famous for their contributions to society. While celebrities from not just Nigeria but many other parts of the world are from the entertainment sector, a good number of these people also come from other careers and sectors, including politics and medicine.
In Nigeria, there are many celebrities from different careers, however, the majority that features on this richest celebrity list comes from the entertainment sector. Find out how much each of these people is worth and how exactly they make and spend their money.
List of The Richest Celebrities in Nigeria
Two people share the top spot as the richest celebrities in Nigeria based on their estimated net worth. These two are blogger and entrepreneur Linda Ikeji and award-winning singer Davido.
Here’s more about how they made their mouthwatering net worths, as well as the 18 other celebrities that made it to the top 20 list.
1. Davido
- Net Worth: $40 million
- Age: 31 years old
- Career: Singer, Songwriter, Record Producer
Davido is a Nigerian songwriter, singer, record producer, and businessman. He made his wealth mainly from his music career. With an estimated net worth of $40 million, he passes as one of the richest celebrities in Nigeria. Some of the ventures that contributed to his interesting net worth are the sales of his albums, endorsement deals, and his record label. He owns Davido Music Worldwide and co-founded the HKN music label with his brother. The singer also has a car racing outfit.
As a result of his wealth, Davido has many expensive cars, a private jet, and houses scattered across the country. The celebrity is also a giver and lover of fancy items. He is always seen with expensive jewelry, including the most expensive wristwatches. He gifted his two daughters Rolex wristwatches, and a car to the mother of his son, Chioma.
2. Linda Ikeji
- Net Worth: $40 million
- Age: 43 years old
- Career: Blogger, Writer, Entrepreneur
Linda Ikeji is a popular Nigerian blogger, writer, and businesswoman. She occupies the top position alongside Davido. She is the owner and brain behind Lindaikejisblog. The blogger started her career in 2006 as a hobby until 2007 when she decided to venture into it fully. The career she started as a hobby has today given birth to other businesses and earned her the impressive net worth she now enjoys. Although her blog, which publishes gossip and trending matters has put her in some trouble, she is still strong with her career and waxes stronger after each controversy.
She is a businesswoman and takes advantage of any opportunity around her to grow bigger. Other endeavors that contributed to her net worth are Linda Ikeji TV, Online radio broadcasting from Linda Ikeji Media Office, and Linda Ikeji Social. In 2010, she launched her inspirational book titled It Takes You – A Book of Inspiration.
Like other celebrities, Linda Ikeji has some fancy cars in her garage, some of which are the 2014 Range Rover Sport, 2016 Range Rover Autobiography, 2020 Range Rover Autobiography, Bentley Mulsanne, and Infiniti Fx35. In addition, she owns a well-furnished six-bedroom mansion in Banana Island, Lagos State.
3. E-money
- Net Worth: $35 million
- Age: 43 years old
- Career: Record Producer, Businessman
Emeka Okonkwo, popularly known as E-money, is a famous Nigerian businessman and CEO of 5 Star Music. This record label signed his elder brother Kcee. He became famous for the kind of extravagant life he lives and how he throws money around. As a businessman, he is into music production, oil and gas, real estate, and shipping. E-money is the owner of the shipping company, Emmy Cargoes Nigeria Limited. In addition to these sources of income, he owns another group of businesses abroad.
The businessman owns a lot of landed property, some of which are a gold furnished mansion in Omole, Lagos State, and a mansion in his hometown, Uli, Anambra State. Some of the cars he owns are the 2017 Lexus LX 570, Rolls Royce, Maybach 62s, Mercedes Benz Sprinter Luxury Land Jet, Mercedes Benz G-Wagon, and Land Cruiser.
4. Wizkid
- Net Worth: $30 million
- Age: 33 years old
- Career: Singer, Songwriter, Record Producer, Businessman
Wizkid is a Nigerian songwriter, singer, record producer, and businessman. Being the fourth richest celebrity in Nigeria, he made his wealth through his music career, endorsement deals, performances, and other business ventures he is into. He established the Star Boy clothing line in Manhattan, New York, which deals on Nigerian-inspired clothing items.
Wizkid has in his possession a fleet of expensive cars like a Bentley Continental GT and G-Wagon. He also owns luxurious houses in Nigeria and abroad, and expensive jewelry which he showcases in his music videos.
5. Jim Iyke
- Net Worth: $30 million
- Age: 47 years old
- Career: Actor, Businessman, Singer, Songwriter
Jim Iyke is one of the highest-paid Nigerian actors. He started his acting career in 2001 and has starred in over 150 movies. In addition to his acting career, he founded a movie production company called Untamed Productions in 2007. He also founded a record label called Untamed Records, and produced his first music album titled Who Am I? His album featured the likes of Sound Sultan and Tuface Idibia. Other companies founded by the Nollywood Bad Boy are Untamed Cars and Space Boutique, and he partners with some other companies like Bossbus Transport technology company.
Apart from the already established companies, Jim Iyke earns a chunk of his wealth from endorsement deals. Also, some of the cars in his garage are Mercedes G-Wagon, 2013 Chevrolet Camaro, Dodge Challenger, and Range Rover Sport. He owns a multi-million Naira mansion in Abuja.
6. Don Jazzy
- Net Worth: $18.5 million
- Age: 41 years old
- Career: Songwriter, Singer, Record Producer
Don Jazzy is the favorite celebrity of many people. He is a producer, singer, actor, and songwriter. He famously co-founded Mo’ Hits Records before founding Mavin Records after the former disbanded. In addition to what he earns from his music empire, he also earns from endorsement deals and acting. Don Jazzy is also a businessman as he owns Mavin Energy Limited with his brother.
The musician owns several cars and landed properties. He owns a multi-million Naira mansion in Lagos State, Nigeria, among other houses. Some of his cars are Bentley Continental Flying Spur, 2016 Cadillac Escalade, Porsche 911 Carrera, and Range Rover Sport.
7. Richard Mofe-Damijo (RMD)
- Net Worth: $17 million
- Age: 62 years old
- Career: Actor, Politician, Movie Director, and Producer
Richard Mofe-Damijo is an actor and former politician. He started acting in the 1980s and is still active in the Nollywood movie industry. As a politician, he was once the Special Adviser of Culture and Tourism to former governor Emmanuel Uduaghan of Delta State. RMD later became the Commissioner for Culture and Tourism in Delta State. His tenure and political career ended in 2015. As a movie producer, the first movie he produced was Out of Bounds.
In addition to his sources of wealth, he recently opened his perfume brand called Timeless. He owns RMD Productions Limited, a media company that is involved in creating entertainment programs. Other sub-companies he owns are RMD TV and RMDTheActor. The actor’s car collections include Lexus LX 570, BMW 4 Series Coupe, Mercedes Benz GLE, 2014 Toyota Highlander, Toyota Land Cruiser, and 2016 Range Rover Sport. He also owns landed property in the country.
8. Burna Boy
- Net Worth: $17 million
- Age: 32 years old
- Career: Singer, Record Producer, Songwriter
Burna Boy ranks as the 8th richest celebrity in Nigeria. He is a singer, songwriter, and record producer. He earns a good portion of his net worth from the sales of albums, Youtube views, performances/live shows, and endorsement deals. In addition, he owns a record label called Spaceship Entertainment.
As you would expect, Burna can also boast of having expensive cars, jewelry, and luxurious mansions. As is the norm of celebrities to show off their wealth on social media, he has enough of these items to show off also. He owns an eight-bedroom mansion in Lekki, and a lot of cars some of which are Range Rover Autobiography, Rolls Royce Dawn Convertible, Mercedes Benz S-Class, 2013 Ferrari 458 Italia, and Bentley Continental GT.
9. 2Baba
- Net Worth: $16 million
- Age: 48 years old
- Career: Record Producer, Singer, Songwriter
Tuface Idibia was one of the first Nigerian entertainers to achieve worldwide fame. He is a singer, songwriter, and record producer known for his song “African Queen”. Like other musicians, he acquired his net worth from his singing career, endorsement deals with various multi-national companies, and from his record label. His record label Hypertek Entertainment has seen the production of many albums. In addition, 2Baba is a businessman who deals in real estate and other businesses. His position as the 9th richest celebrity in Nigeria is not a surprise as he is a talented and hardworking fellow.
Moreover, 2Baba also has some expensive cars he can boast of. In his collection are cars like Ferrari Coupe, Toyota Land Cruiser, and Chevrolet Corvette Coupe. He owns a relaxation lounge in Victoria Island and FESTAC, Lagos State, Nigeria, as well as homes in Nigeria and the United States.
10. Rudeboy
- Net Worth: $16 million
- Age: 42 years old
- Career: Singer, Record Producer, Songwriter
Rudeboy is the 10th richest celebrity in Nigeria with an estimated net worth of $16 million. The singer, record producer, and songwriter, whose real name is Paul Okoye, is the twin brother to Peter Okoye, both of whom made up the defunct P-square group. Many people thought that after their separation they wouldn’t find their feet in the music industry anymore, but they were wrong. It is true that together, they were able to achieve a lot and become popular, but while separated, they have continued to pull weights in their capacities. Rudeboy is the founder and owner of a record label called Fire Department Inc. He also makes more money from endorsement deals.
More so, Rudeboy owns a lot of expensive cars in his garage and can boast of two mansions in Lagos State, one at Ikoyi and the other at Banana Island; and one in Atlanta, Georgia. Some of his cars are the 2014 Mercedes Benz C-Class Coupe, Bentley Bentayga, Lamborghini Aventador Roadster, Mercedes Benz GLE43 AMG 4MATIC Coupe, BMW X6, and Jeep Wrangler.
11. D’banj
- Net Worth: $13.5 million
- Age: 43 years old
- Career: Songwriter, Singer, Record Producer
Occupying the 11th position on our list of the richest celebrity in Nigeria is the Koko Master D’banj. He is a singer, songwriter, and businessman. Apart from his numerous endorsement deals, music album sales, and performances, D’banj has a record label called DB Records which he earns from. In addition, he has several other businesses, some of which are MCOMM Ltd (Median Mobile Communications Limited), and D’Kings Men Media Limited. His car collection includes Ferrari f430, Aston Mavin Vantage, and Porsche Carrera. The celebrity also owns some houses in strategic locations in the country.
12. Olamide
- Net Worth: $12 million
- Age: 35 years old
- Career: Singer, Songwriter, Record Producer
Olamide is a singer, songwriter, record producer, and the brain behind the Shoki dance style. He accrued his net worth from his music career, live shows and performances, and endorsement deals. In addition, he owns the record label YBNL Nation. He owns houses and a fleet of fancy cars like Mercedes Benz G-Class, Lamborghini, and Rolls Royce Phantom.
13. Mr. P
- Net Worth: $11 million
- Age: 42 years old
- Career: Singer, Record Producer, Songwriter, Dancer, Actor
Mr. P, whose real name is Peter Okoye, is Rudeboy’s twin brother and the other partner in the defunct P-square group. Immediately after their separation, he ventured into his career and started other businesses that bring money to his pocket. His brother indeed has a higher net worth than him, but he was able to bounce back immediately like Rudeboy. He owns a record label called PClassic. He also ventured into acting and earns greatly from endorsement deals. He has always been a dancer and has continued with it.
In addition, Mr. P owns two houses, one in Atlanta, Georgia, and the other in Banana Island, Lagos. His cars include Porsche 718 Cayman, Range Rover, Mercedes Benz G-Wagon, and Dodge Challenger.
14. Desmond Elliot
- Net Worth: $11 million
- Age: 50 years old
- Career: Actor, Politician, Movie Producer
Desmond Elliot is an actor-turned-politician. He started his career and rose to fame in Nollywood before switching his career to politics. As an actor, Desmond starred in over 200 movies and produced several others. When he joined politics in 2014 as a lawmaker, he combined his political career with movie production and directing. The actor earns a part of his net worth from endorsement deals that he signed with some multi-national companies.
In addition, he owns and earns from a movie production company called Denziot Production. The politician owns a mansion in Lekki, Lagos State. Some of the cars in his collection are Ford Explorer, Range Rover Evoque, Toyota Hiace, Nissan Versa, and Toyota 4Runner Classical.
15. Phyno
- Net Worth: $11 million
- Age: 37 years old
- Career: Actor, Singer, Songwriter, Record Producer
Phyno occupies the 15th position on our list of the richest celebrities in Nigeria. He garnered his impressive net worth mainly from his singing career, including endorsement deals, album sales, and performances. Phyno owns a record label called Penthauz Music Label which adds more money to his pocket. He also ventured into acting and has starred in a few movies. Just like other singers and celebrities, Phyno owns houses in Nigeria. He also has some fancy and expensive cars in his garage, some of which are Bentley Continental GT, Range Rover, and Rolls Royce Phantom.
16. Timaya
- Net Worth: $10.5 million
- Age: 43 years old
- Career: Singer, Songwriter
Timaya, the 16th richest celebrity in Nigeria, rose from being a plantain hawker to his current position. It can only be hard work, talent, and determination. Today, he can boast of a company of his own, DM Records. This record label has contributed to his net worth as it has successfully produced songs and albums for a lot of musicians in Nigeria. Timaya also earns from endorsement deals, performances, and album sales. He has some businesses in the oil and gas sector and the fashion world.
The singer has two mansions in Port Harcourt, and one in Lekki, Lagos State. Some of the cars he has acquired over the years are Mercedes Benz GLE, Mercedes Benz G55 AMG, and Bentley Continental GT.
17. Flavour
- Net Worth: $9.8 million
- Age: 40 years old
- Career: Singer, Songwriter, Record Producer, Actor
Flavour is a singer, songwriter, and record producer that likes singing in his native tongue of Igbo. He rose to fame from being a drummer boy in a church to becoming one of the richest musicians and celebrities in Nigeria. As a result of his wealth, Flavour owns a lot of cars, some of which are BMW X6, Lexus LX570, 2014 Mercedes Benz G63, and 2014 Range Rover Vogue. Flavour also has a mansion in his hometown in Anambra, as well as in other locations across Nigeria.
18. Banky W
- Net Worth: $9 million
- Age: 43 years old
- Career: Singer, Songwriter, Record Producer, Actor
Banky W is a singer, record producer, songwriter, and actor. He earns a chunk of his net worth from singing, album sales, and endorsement deals. He also owns a record label called Empire Mates Entertainment (E.M.E) which has signed so many Nigerian artists and is now in the business of talent management. Banky’s car collections are Range Rover 2008 edition, Rolls Royce Phantom, and Toyota Land Cruiser Prado. He also owns a mansion in Lekki, Lagos State.
19. Alibaba Akpobome
- Net Worth: $7.7 million
- Age: 58 years old
- Career: Comedian, Actor, Events Manager
Alibaba is a comedian, actor, and motivational speaker who began his comedy career in the university and continued with performing at corporate events, TV shows, and radio shows. He is regarded as the founding father of comedy in Nigeria. Alibaba worked his way up the ladder as a comedian and today has a lot of establishments that qualify him as the 19th celebrity in our list of the richest celebrities in Nigeria. The company he owns and earns from is Alibaba Hicuppuray 3rd. He earns from performances as a comedian, endorsement deals, and events management. As an actor, he has starred in movies like My Guy, The Last 3 Digits, The Wedding Party, etc.
Alibaba’s wealth has allowed him to own a fleet of exotic cars, including a Toyota Land Cruiser, Mercedes E Class, Monster Truck, SUV Hummer 1, and Land Rover 3 among others. He also owns houses and other landed property.
20. AY
- Net Worth: $6 million
- Age: 52 years old
- Career: Comedian, Actor
Ayo Makun, popularly known as AY, is a famous comedian and actor. He came into the limelight after working for Alibaba as an event manager and personal assistant. He has since then established himself, gaining fame for hosting a comedy show called AY Live. In addition to his work in comedy, AY is also a force to reckon with in the movie industry. He is a movie producer, director, and actor. The comedian has starred in many Nigerian movies, and this adds more money to his already fat pocket. All these endeavors fetch him a lot of money that has contributed to his net worth.
Like other celebrities, AY owns some fancy cars and a mansion in Lekki, Lagos State. Some of his cars are Jaguar XJ, Lexus LX 570, Mercedes Benz G-Wagon, among others.
Top 20 List of the Richest Celebrity in Nigeria
- Davido $40 million
- Linda Ikeji $40 million
- E-money $35 million
- Wizkid $30 million
- Jim Iyke $30 million
- Don Jazzy $18.5 million
- Richard Mofe-Damijo (RMD) $17 million
- Burna Boy $17 million
- 2Baba $16 million
- Rude Boy $16 million
- D’banj $13.5 million
- Olamide $12 million
- Mr. P $11 million
- Desmond Elliot $11 million
- Phyno $11 million
- Timaya $10.5 million
- Flavour $9.8 million
- Banky W $9 million
- Alibaba Akpobome $7.7 million
- AY $6 million