Who Is the Richest Musician in Africa? Meet the Top 20

The African entertainment industry, especially the music sector, has emerged as one of the fast-growing industries globally. This has been so due to the increasing number of artists from the various parts of Africa that have been putting in their best to produce the most trending songs. They have succeeded in making African music and musicians recognized worldwide and have won many global awards, such as the World’s Grammy awards. Some of these artists have ranked among the richest musicians in Africa, accruing massive wealth through their music careers.

Youssou N’dour Is The Richest Musician In Africa

  • Net Worth: $145 Million
  • Age: 62 years old
  • Record Label: Jololi
  • Best Known For: Cuban rumba, hip hop, jazz, soul music
  • Other Sources of Income: Record label, Politics, Business, Acting, Endorsement deals

Youssou N’dour is a Senegalese musician, songwriter, actor, politician, and businessman who is popularly known for his mix of traditional Senegalese mbalax in his music. He is the richest African musician who accrued his huge net worth through music, politics, acting, business, and endorsement deals.

He started his music career with the Star band and has worked with various music groups. In 1991, he established a recording studio and his record label Jololi in 1995. His international hit single, the trilingual 7 Seconds, a duet with Neneh Cherry, was released in 1994 brought him to the limelight. The musician has won many awards such as Danish Music Awards, Edison Awards, Grammy Awards, Ivor Novello awards.

Youssou N’dour has collaborated with various musicians like Peter Gabriel, Bruce, Neneh Cherry, Paul Simon, Tracy Chapman, James Newton Howard, and many more. He is also known for his famous albums and songs like Mbalax, Senegal rekk, and many more. Information about his endorsement deals is unknown.

Major Investments

  • Politics: The musician ventured into politics in Senegal and was appointed the Minister for Culture and Tourism on April 12, 2012. He has also served his country as the Minister for Tourism and Leisure. In 2013, he was appointed as the Special Adviser to the President with the rank of minister.
  • Acting: Youssou Ndour also adds to his net worth through his acting career. He made his movie debut in 2006 and has featured in several movies. In 2006, he was featured n the movie Amazing Grace. He was starred in Retour a Gorée in 2007 and the movie Youssou N’Dour: I Bring What I Love in 2008.
  • Business: The musician owns a media group known as Futurs Médias Group (GFM). The media group deals in radio broadcasts, TV news, and newspaper publishing. He also owns a restaurant and a fashion line known as the Youssou N’dour Seduction.

Youssou N’dour’s Aquisitions 

Like other wealthy celebrities who don’t hesitate to flaunt their wealth on expensive things, Youssou N’dour is seen to live a luxurious lifestyle. The musician is a very private person and has kept information about his cars, houses, and other expensive things that he spends his money on away from the public.

Meet Other 19 Top Richest Musicians in Africa

2. Akon

  • Net Worth: $80 Million
  • Age: 49 years old
  • Record Label: Konvict Music, KonLive Distribution, Akonik Label Group
  • Best Known For: R&B, pop, hip-hop, dancehall
  • Other Sources of Income: Endorsement deals, Business, Acting
Richest Musicians in Africa
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Akon (also known as Aliaune Damala Badara Akon Thiam) is a Senegalese American singer, songwriter, and record producer mostly known for his R&B songs. He is one of the richest musicians in Africa that has built his net worth through his music career, endorsement deals, and businesses. He received his first record deal in 2003 and made his debut album Trouble in 2004. He became famous for his albums Konvicted, Freedom, and many more. The musician also became famous for his songs like So Paid, Right Now, Ghetto.

Akon has collaborated with several artists like Eminem, Gwen Stefani, Michael Jackson, Snoop Dog, Lady Gaga, Lionel Richie, Whitney Huston, and many more in releasing songs that boosted his fame. He has also been recognized for his outstanding works in the music industry. The musician has bagged many endorsements deals with multinational companies. He is the brand ambassador of Pepsi’s soccer campaign, Apogee, Beluga, and a Bitcoin company.

Major Investments

  • Business: The musician also earns from his various business ventures. He launched a clothing line in 2007 known as the Konvict Clothing, which deals in types of denim, hoodies, jackets, T-shirts, and hats. He also has a high-end version brand called Aliaune, which deals in blazer dress shirts with high-quality denim from richly woven pieces of cotton and fabrics from Senegal.
  • Acting: Akon also adds to his net worth through acting. He made his acting debut in the movie Black November in 2012. He has also starred in many other films like American Heist, Illegal Allien, and many more. He also launched a reality TV show in 2007 known as My Brother’s Keeper.

Akon’s Expensive Acquisitions

Akon has a good taste for superfast and luxury cars. He has a customized Porsche Panamera worth $78,100, a Ferrari 458 Italia worth $60,000, Lamborghini Gallardo Aachen worth $200,000. Other expensive cars in his collection are Lamborghini Murciélago Roadster and a Dartz Prombron SUV. Akon owns three luxurious houses in, Georgia U.S.A, acquired for millions of dollars.

3. Black Coffee

  • Net Worth: $60 Million
  • Age: 46 years old
  • Record Label: Soulistic Music Record Label
  • Best Known For: Tribal and vocal beats
  • Other Sources of Income: Endorsement deals, Record Labels, Business

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Black Coffee (Nkosinathi Maphumulo) is a South African Disc Jockey, record producer, singer known for his tribal and vocal beats. The DJ rose to the spotlight after taking part in the 2004 Red Bull Music Academy, held in Cape Town. He took music as a profession in 2014. His music career, business, endorsement deals have earned him the third spot in the list of richest musicians in Africa.

Black Coffee has collaborated with several artists like Ringo Madilingozi, Zonke in releasing hit songs. He has also released several albums and music under his record label like Home Brewed, Africa Rising, and many more. The DJ has bagged numerous popular endorsement deals that run into millions.

Major Investments

  • Business: DJ Black Coffee has many business ventures which earn him huge profits. He owns a music streaming service (Gongbox), LightMode digital, Sweep South. He is also a stakeholder in various companies like Gallo music and others.

Other Expensive Acquisitions

The musician spends his money on cars, luxury houses, and many other expensive things. He has a private jet and a collection of cars made up of a Mercedez Benz Station G- Wagon, a Mercedez Benz CLK, Bentley Continental, and a luxury Maserati. Black Coffee has a luxurious house in the U.S.A and South Africa worth millions of dollars.

4. Davido

  • Net Worth: $40 Million
  • Age: 29 years old
  • Record Label: Davido Music Worldwide (DMW)
  • Best Known For: Afro Beats, Afro Pop, Pop, Electropop, Dancehall, R&B, Reggae
  • Other Sources of Income: Endorsement deals, Record Labels, Music Concert, Business

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Davido (David Adedeji Adeleke) is a Nigerian-American songwriter, singer, and record producer. He took music as a profession in 2011 and made his music debut the same year. His music debut Omo Baba Lowo brought him to the spotlight. His music career, endorsement deals, and business have successfully ranked him fourth in the list of richest African musicians. Davido has collaborated with many artists like Runtown, Teckno in releasing songs that boosted his fame. The singer built his net worth and has become one of the richest musicians in Africa through his music career, endorsement deals, and businesses. He is the brand ambassador of the following brands IXBET, MTN, Guinness, Close up, Pepsi, AXE, Oppo, and many other companies.

Major Investments

  • Business: The musician is a shareholder and director at the Pacific holdings, a company owned by his father. In 2018, he made his motorsport business idea known to the public.

Other Expensive Acquisitions

Davido spends his money on expensive houses, luxury cars, and expensive jewelry. His collection of cars includes a Lamborghini Aventador, which costs N310 million, Rolls Royce Cullinan worth N240 million, Bently Bantayga worth $277,000, Range Rover SUV Autobiography worth $231,000, Toyota Land Cruiser worth $77,000, Porsche Panamera Turbo S worth $64,000, Mercedes G-Wagon worth $54,000. He also has a private jet worth N9.7 billion. The musician has a house in the U.S.A worth $20 million and in Lekki, Lagos, worth N140 million. He is also known to spend lavishly on designer clothes and jewelry.

5. Wizkid

  • Net Worth: $30 Million
  • Age: 31 years old
  • Record Label: Starboy, RCA
  • Best Known For: Afro Beats, Dancehall, R&B, Reggae, Pop, Hip hop
  • Other Sources of Income: Record Labels, Endorsement deals, Business

Wizkid (Ayodeji Ibrahim Balogun) is a Nigerian singer and writer mostly known as the King of Afrobeats. He started his music career at the age of 11 and rose to the limelight after releasing his album lead single Holla At Your Boy in 2010. His other singles like Tease Me/Bad Guys and Don’t dull played a huge role in bringing him to fame. Wizkid has collaborated with many Nigerian and foreign artists like Drake, Chris Brown, D’banj, Olamide in releasing many songs and albums that helped in his rise to fame. The musician has made a huge chunk of his net worth through endorsement deals, music career, and clothing line. The endorsement that contributed to his rise to fame includes Glo, UBA, Pepsi, Nike, Guinness, and many more.

Major Investments

Clothing Line: Wizkid owns a clothing line known as the Star Boy Clothing Line, located in Lagos. He established another branch of the clothing line in Manhattan, New York City, on August 11, 2018. The business, which aims to make Nigerian brands relevant in the U.S., deals in sweatshirts, T-shirts, jackets, all branded in Starboy and mostly appear in green and white.

Other Expensive Acquisitions

Unlike other celebrities, Wizkid does not flaunt his wealth but has acquired many cars and houses. Among his collection of cars are the Mercedes Benz G63 worth $145,000, Bentley Continental GT Speed worth $109,000, Lamborghini prime X2 worth $60,000, Hyundai Sonata worth $33,000, and BMW X6 worth $26,000. His houses are located in the eyebrow-raising areas in Nigeria. He also owns a home in Los Angeles.

6. Don Jazzy

  • Net Worth: $18.5 Million
  • Age: 39 years old
  • Record Label: Mavins Record
  • Best Known For: Afro Beats, Afro Pop
  • Other Sources of Income: Record Label, Endorsement deals, Acting, Business

Don Jazzy (Michael Collins Ajareh) is a Nigerian singer, record producer, record executive, singer, songwriter,  influencer, comedian, and comedian. The musician kicked off with his music career in 2004. He rose to prominence after producing the music album No Long Thing and Wande Coal’s Mushin 2 MoHits. He has also collaborated with various artists like D’banj, Wande Coal, JayZ, and others. He has been able to rank in the list of richest musicians in Africa with the money he makes from his music career, endorsement deals, acting, business. Don Jazzy has also bagged mouth-watering endorsement deals with top brands like Glo, Betway, Loya Milk, Konga, and many more.

Major Investments

  • Acting: Don Jazzy adds to his net worth through featuring in movies. He made his movie debut in the movie Introducing The Kujus and The Last Thre Digits. The musician has featured in several other movies, drama series, comedy skits, and many more.
  • Business: The musician also makes a lot from his other business ventures. He is the founder of Mavin Energy Limited, established in 2013 in conjunction with his younger brother. The company supplies petroleum products like gas, diesel, kerosene, fuel to companies.

Other Expensive Acquisitions

Having made a huge net worth that runs in millions, Don Jazzy has a collection of luxury cars and houses. His car collection includes Range Rover Sports, Porsche 911 Carrera, 2016 Cadilac Escalade, Bentley Continental Flying Spur. He is also known to have acquired a two-story mansion in Lekki, Lagos State.

7. Burna Boy

  • Net Worth: $17 Million
  • Age: 30 years old
  • Record Label: Spaceship Records
  • Best Known For: Afro Beats, R&B, Afro-Fusion, Dance Hall, Hip Hop, Pop
  • Other Sources of Income: Record Label, Endorsement deals, Music Concerts

Burna Boy (Damini EEbunoluwa Ogulu) is a Nigerian songwriter, singer, and songwriter mostly known as African Giant. He became popular after releasing the lead single Like To Party, which was in his debut album L.I.F.E. Burna Boy, who is known to draw his music ideas from Fela Kuti, Bob Marley, and King Sunny Ade has collaborated with several top artists in the music industry like Timaya, 2Face Idibia, Olamide, in boosting his fame. His music career and endorsement deals have contributed a lot to building his net worth. The Giant of Africa has bagged many robust ambassadorial deals with top brands like Nigerian Breweries Limited, Martell Cognac, Glo, and many more.

Other Expensive Acquisitions

Burna Boy has acquired a mansion in Nigeria and a collection of expensive cars. He has an eight-bedroom mansion with a swimming pool in the strategic area of Lagos, Lekki. His cars include Rolls Royce Dawn Convertible, a Bently Continental GT, Range Rover Autobiography, G Wagon, Mercedes Benz S-Class, and a 2013 Ferrari 458 Italia.

8. 2 Baba (Tuface)

  • Net Worth: $16.5 Million
  • Age: 46 years old
  • Record Label: Hypertek Digital
  • Best Known For: AfroPop, R&B, Reggae, Afro Beats, Hip Hop
  • Other Sources of Income: Record Label, Endorsement deals, Music Concerts, Business

2 Baba (Innocent Ujah Ididia) is a Nigerian record producer, songwriter, singer, and entrepreneur, formerly known as Tuface. He rose to prominence after releasing the award-winning song African Queen in 2005. The musician is also famous for releasing songs with top artists like D’banj, Sound Sultan, and many more. He has earned a huge part of his net worth and has been ranked among the richest musicians in Africa through his music career, endorsement deals, record label, businesses. Besides that, he is also known to give back to society through the 2baba foundation and is also a known activist. He has bagged ambassadorial deals with top brands like Glo, Guinness, Airtel, Campari, Henessy, and many more.

Major Investments

Business: Asides from music, 2 Baba is a renowned businessman who has ventured into various aspects of the business. He established an agro-allied business in 2020 known as INNOBIA Cooperatives Organisation (INNOBIA ALLIED LTD). He also runs a nightclub known as The Rumour Night Club in Lagos. 2 Baba is also known to be into the real estate business.

Other Expensive Acquisitions

2 Baba has many expensive cars in his collections, including the Ferrari Coupe, Toyota Land Cruiser, and a Chevrolet Corvette Coupe. He also owns luxurious houses in The U.S.A and Lagos, a relaxation lounge in Victoria Island, and FESTAC Lagos State.

9. Rudeboy

  • Net Worth: $16 Million
  • Age: 40 years old
  • Record Label: Fire Department Inc
  • Best Known For: R&B, Reggae, Afro Beats, Hip Hop, Dance Hall
  • Other Sources of Income: Record Label, Endorsement deals

Rudeboy (Paul Nonso Okoye) is a Nigerian record producer, songwriter, and singer who became famous in the 2000s as a member of P-Square. He rose to prominence with the two major hit singles, Senorita and Igbedu, from their debut album, Last Nite, released in 2003, which he did together with his twin brother, whom he jointly formed the P-Square group before they went their separate ways in 2017. Since their split, he has been releasing songs and has collaborated with top artists like Timaya, Phyno, Olamide, Tiwa Savage, and many more. The musician has built his net worth through his music career, endorsement deals, business, and record label. He is the brand ambassador of Glo, Olympic milk, and many other top brands.

Other Expensive Acquisitions

Rudeboy has a thing for expensive cars, including Lamborghini Aventador Roadster, Lamborghini Huracan, Bently Bentayga, BMW X6, Mercedes Benz GLE43 AMG 4MATIC Coupe, Range Rover, 2014 Mercedes Benz C-Class Coupe, and Jeep Wrangler. He also owns expensive houses in Atlanta, Georgia. His houses in Nigeria include a mansion at Parkview Estate in Ikoyi and a mansion in Banana Island, both in Lagos State, Nigeria.

10. D’Banj

  • Net Worth: $13.5 Million
  • Age: 42 years old
  • Record Label: DB Record Label
  • Best Known For: R&B, Pop, Afro Beats, Hip Hop
  • Other Sources of Income: Record Label, Endorsement deals, Business

D’banj (Oladapo Oyebanjo Daniel) is a Nigerian rapper, singer, songwriter, and businessman known as the Koko Master. He established his first record label Mo’ Hits record with Don Jazzy in 2004 and released his debut album No Long Thing in 2005. His lead single Tongolo from his debut album made him a household name in Nigeria. He has featured with musicians like Dr. Sid, Kenya West, Jay Z, and many more in gaining more fame. He earns greatly from his record label, music career, endorsements, and numerous business ventures. Among the brand he endorses are Heritage Bank, Bank of Industry, SLOT, and many more.

Major Investments

Business: The Koko Master ventured into agriculture with the production of Koko Garri. He is the founder of D’Kings Men Media Limited, a 360 media company that has partnered with Bank of Industry and MTN in setting up the CREAM platform. He is also the owner of a value-added content provider MCOMM Ltd. The music icon unveiled his perfume which is branded with his stage name D’banj in Dubai on December 1, 2021.

Other Expensive Acquisitions

D’banj acquired a mansion worth millions in the strategic part of Ikoyi, Lagos. He also owns houses in London and the United States. He is known to have a collection of expensive cars, including Aston Martin Vintage, 2 Toyota Jeep, Toyota Hilux, and many more. He is also known to own a private jet that is customized and bulletproof.

11. Olamide

  • Net Worth: $12 Million
  • Age: 33 years old
  • Record Label: YBNL Nation
  • Best Known For: Rap, Afro Beats, Hip Hop
  • Other Sources of Income: Record Label, Endorsement deals

Olamide (Olamide Gbenga Adedeji) is a Nigerian hip-hop recording artist, famously known as Badoo. The musician who does most of his music recordings in his native language rose to the limelight after his debut single Eni Duro in 2010 under the Coded Tunes label. After his debut single, he collaborated with several famous musicians like D’banj, Reminisce, 9ice, and many more. In 2012, he established the Yahoo Boy No Laptop Nation (YBNL) music label and has signed in many successful artists. Olamide built his net worth mostly from his music career and endorsement deals. He is the brand ambassador of some top brands in Nigeria like Guinness, Etisalat, Ciroc, etc.

Other Expensive Acquisitions

The musician has acquired luxury houses in strategic areas in Lagos and expensive cars. Among his fleet of cars is the Mercedes Benz G Wagon, Range Rover Sport V8, Rolls Royce Phantom, Lamborghini, and many more.

12. Mr. P

  • Net Worth: $11 Million
  • Age: 40 years old
  • Record Label: PClassic Label
  • Best Known For: R&B, Afro Beats, Dance
  • Other Sources of Income: Record Label, Endorsement deals, Dancing, Acting,

Mr. P (Peter Okoye) is a Nigerian record producer, songwriter, and singer who came to the spotlight in the 2000s as a member of P-Square. He rose to prominence with the two major hit singles, Senorita and Igbedu, from their debut album, Last Nite, released in 2003, released together with his twin brother, whom he jointly formed the P-Square group before they went their separate ways in 2017. Since he separated from his brother, he has been singing independently. He dropped his first solo single, Cool My Head, in 2017 and has released songs with various artists like Nyanda, Simi, and many more. He has ranked in the list of richest musicians in Africa for the net worth he built through his music career, record label, endorsement deals, acting, and dancing skills. He is the brand ambassador of KIA Motors, Tecno, MerryBet, and many more.

Major Investments

  • Acting and Reality TV Show: Mr. P made his debut in Nollywood in Shanty Town and appeared in other movies like Lion Heart. He is also known to feature in comedy skits with some Nigerian comedians like Mr. Macroni. The musician has been hosting a reality show known as Dance With Peter since 2015.

Other Expensive Acquisitions

Mr. P has excelled in the music industry since the 2000s and has acquired luxury houses and expensive cars. He has acquired a mansion at Banan Island and Atlanta, Georgia. His cars are Mercedes Benz G Wagon, Porsche 718 Cayman, Range Rover, Dodge Challenger.

13. Phyno

  • Net Worth: $11 Million
  • Age: 35 years old
  • Record Label: Penthauze
  • Best Known For: Igbo Rap, Hip hop
  • Other Sources of Income: Record Label, Endorsement deals, Acting

Phyno (Chibuzor Nelson Azubuike) is a Nigerian rapper, singer, record producer, and songwriter mostly known as Ezege and for his Igbo raps. His debut album, No Guts No Glory, released in 2014, featuring top artists like Timaya, Davido, and J Martins, brought him to the spotlight. He started with the Sputnet record label in 2010 and established the Penthauze record label in 2011, and has signed several artists. Phyno is among the richest musicians in Africa who has built his net worth through his career as a musician, as an actor, through his record label and endorsement deals. He is the brand ambassador of top brands like Naira Bet, Nigerian Breweries Plc, Guinness, and many more. It is noteworthy that Phyno made his acting debut in the movie Lionheart.

Other Expensive Acquisitions

Phyno has acquired mansions in the strategic places in Lagos and one in Enugu. He is also known to be a lover of expensive cars and has in his collection Bentley Continental GT, Rolls Royce Phantom, Range Rover Sports, Toyota Avalon, Polaris Slingshot.

14. Timaya

  • Net Worth: $10.5 Million
  • Age: 41 years old
  • Record Label: DM Records
  • Best Known For: Reggae, Hip hop, Afro Beats, Soca
  • Other Sources of Income: Record Label, Business, Endorsement deals

Timaya (Inetini Alfred Odon) is a Nigerian singer and songwriter mostly known as Egberi Papa one of Bayelsa, and for his single Dem Mama, which was in his debut album. He came to the spotlight internationally for the lead single Plantain Boy in his third album, The Rebirth, released in collaboration with Black Body Entertainment. The musician has been able to rank as one of the richest musicians in Africa from his earnings in his music career, record label, endorsement deals, and various businesses. He is the brand ambassador to Glo, Hennessy Nigeria, and many more.

Major Investments

Business: Timaya is not just into music; he has ventured into various fields of the business such as fashion, oil and gas, hospitality, and real estate.

Other Expensive Acquisitions

With a huge net worth running in millions, Timaya has acquired luxury houses in Lagos and Port Harcourt. He also has a fleet of expensive cars like 2019 Rolls Royce Cullinan, Mercedes Benz G55 AMG, Porsche 911 Carerra, Bentley Continental GT, Range Rover Sport, Mercedes Benz Maybach (2018 edition), and many more.

15. Akothee

  • Net Worth: $10 Million
  • Age: 42 years old
  • Record Label: N/A
  • Best Known For: Afro Beats, Pop
  • Other Sources of Income: Endorsement deals, Business

Akothee (Esther Akoth) is a Kenyan musician and songwriter mainly known for releasing her songs in Swahili, Luo, and English. The musician who kicked off with her music career rose to prominence after receiving the Afrima Awards in 2016. Some African artists like Diamond Platnumz, MC Galaxy, Flavor has collaborated with her in releasing songs that have also helped in making her famous. She is the only female that has been able to rank in the list of richest musicians in Africa through her business, music career, and endorsement deals. She is the brand ambassador for some top brands in Kenya like the Weston Hotel, Silverstone Airways, Peptang, and many more.

Major Investments

Business: Akothee is also a successful businesswoman who owns a tour and travel company called Akothee Safaris. She owns the Morning Star Diani boutique hotel in Msambweni, Kenya. The musician also deals in real estate and property and is mainly known to buy and sell luxurious homes on the coast of Kenya.

Other Expensive Acquisitions

Akothee owns many luxurious houses and an expensive fleet of luxurious and flashy cars. She owns a home in Migori, Mombasa, Kisumu, Nairobi, all in Kenya and Switzerland. Among her fleet of cars are Ferrari, 2016 AMG SL 63 Convertible Roadster, and many more.

16. Flavour

  • Net Worth: $9.8  Million
  • Age: 38 years old
  • Record Label: 2Nite Entertainment, 2Nite Music Group
  • Best Known For: Igbo Highlife, Gospel
  • Other Sources of Income: Record Label, Endorsement deals

Flavour (Chinedu Izuchukwu Okoli) is a Nigerian singer, multi-instrumentalist, and songwriter who also goes by the name Ijele Africa or Flavour N’abania. The musician who made his music debut in 2005 rose to the limelight after releasing the song Nwa Baby in 2010. Flavour, which has become a household name, has featured top artists like Mr. Raw, Larry Gaga, Chidinma, and many more in releasing hit songs. With his endorsement deals, music career, record label, the musician has successfully ranked among the richest musicians in Africa. Among his endorsement deals are Guinness Nigeria, Glo, Conoil, and many more.

Other Expensive Acquisitions

Flavour has a thing for fast and flashy cars like Lexus LX570, BMW X6, 2014 Mercedes Benz G63, 2014 Land Rover Vogue, and many more. The musician owns a luxury mansion at Lekki Lagos, a house in his hometown, Anambra State, one in Enugu, and many other houses in different locations in the country.

17. Sarkodie

  • Net Worth: $9 Million
  • Age: 36 years old
  • Record Label: Sackcess Music Record Label
  • Best Known For: Hip hop, Hiplife, Afrobeats
  • Other Sources of Income: Record Label, Endorsement deals, Business

Sarkodie (Michael Owusu Addo) is a Ghanian singer, songwriter, rapper, and businessman mostly known for his raps. The spotlight shone on the musician after his lead single Baby in his debut album Makye in collaboration with Mugeez of R2bees, released in 2009. So many artists like J-Town, Sway, Paedae of R2beees contributed immensely to the musician’s rise to fame through music collaborations. The Ghanian rapper earns from his music career, endorsement deals, record label, and business which has successfully placed him among the richest musicians in Africa. Among his endorsement deals are Tigo Telecommunications, Fan Milk, Samsung electronics, and many more.

Major Investments

Business: Sarkodie established a clothing line on April 27, 2013, known as Sark Clothing. The clothing line deals majorly in men, women, and children accessories.

Other Expensive Acquisitions

Sarkodie is a lover of fast and flashy cars with luxury houses. The cars in his collection include Porsche Carrera, Lamborghini Aventador,  a Range Rover Vogue, Mercedes Benz E  Class Coupe, Mercedes Benz G63, Rolls Royce Phantom, Range Rover Sport, Toyota Land Cruiser, Kantanka Mensah, Dodge Nitro, Mercedes Benz W110. He also owns luxury houses in Ghana and abroad.

18. Banky W

  • Net Worth: $9 Million
  • Age: 41 years old
  • Record Label: Empire Mates Entertainment
  • Best Known For: R&B
  • Other Sources of Income: Record Label, Endorsement deals, Acting

Banky W (Olabankole Wellington) is a Nigerian singer, songwriter, rapper, and actor. The R&B singer came to the limelight after releasing the song Ebutte Metta, the remix of Rihanna’s Umbrella. He established the E.M.E record label in 2002 and signed Nigerian artists like Wizkid, Skales, Niyola, whom he helped in their rise to fame. He has also collaborated with Top musicians like Waje, 2Baba, and many more. He earns from his endorsement deals, acting, and business. Banky W has endorsed many top brands like MTN, Ciroc, Uber, and many more.

Major Investments

  • Business: Banky W established his talent management firm known as Empire Mates Entertainment in 2018. The firm is involved in creative marketing, advertising, developing, managing talents, and artists. It has signed in several artists since its establishment.
  • Acting: The musician also builds his net worth through acting; he made his movie debut in the Nigerian movie Wedding Party. He has appeared in several other movies like Sugar Rush, Up North, and many more.

Other Expensive Acquisitions

Banky W is one of the celebrities who love luxurious houses and cars though he doesn’t flaunt them on social media. He owns a huge mansion in Lekki, Lagos. He has also acquired expensive cars like Range Rover 2008 Edition, Rolls Royce Phantom, Toyota Land Cruiser Prado, and many more.

19. Bobi Wine

  • Net Worth: $8 Million
  • Age: 40 years old
  • Record Label: Sputnet, Penthauze
  • Best Known For: Reggae, Dancehall, Afrobeats
  • Other Sources of Income: Record Label, Endorsement deals, Acting, Politics

Bobi Wine (Ssentamu Kyagulanyi) is a Ugandan singer, actor, and politician famously known as the Ghetto president and for his afrobeat songs. The musician who ventured into music in the early 2000s became famous after his first singles, Akagoma, Sunda, and Funtula, in collaboration with Ziggy D, were released. He built his net worth from his endorsement deals, music career, record label, politics, and acting career and has ranked among the richest musicians in Africa. Among his endorsement deals are Snack Eat Munchies, Express FC Secretariat, and many more.

Major Investments

  • Acting: Bobi Wine ventured into acting and made his movie debut in a local film called Binayuganda. He has also featured in several other movies since his debuts in the movie industry like Cleopatra, Yogera, and many more.
  • Politics: The musician ventured into politics in the late 2010s. In July 2017, he became the Member of Parliament in the Kyadondo County East Constituency in Wasiko District, in Uganda’s central region. He is also the leader of the National Unity Platform Political Party.
  • Business: Bobi Wine is the owner of One Love Beach located in Busabala, Wasiko district, which serves as a relaxation center, camping center, and a center for all kinds of fun. He runs a luxurious yacht business on his beach. The yacht is being rented out to people for a four hours sail which they are to pay.

Other Expensive Acquisitions

Bobi Wine has a fashionable and expensive house in Magere, Kamwokya, and a house in Gomba, his hometown. He also owns a fleet of luxurious cars like the 2002 Cadillac Escalade, Toyota Prado TX, Toyota Land Cruiser V8, GMC Yukon, Toyota Tundra, Toyota Land Cruiser V8 Bulletproof.

20. M.I Abaga

  • Net Worth: $7 Million
  • Age: 40 years old
  • Record Label: Incredible Music
  • Best Known For: Hip hop, Raps
  • Other Sources of Income: Record Label, Endorsement deals, Acting

M.I Abaga (Jude Lemfami Abaga) is a Nigerian rapper, singer, songwriter, record producer mostly known as Mr. Incredibele and for his raps. He became a household name in Jos after releasing the song Crowd Mentality in 2006. Formerly the CEO of Chocolate City, he founded his record label in 2020. He has featured with top artists like Ice Prince, Jesse Jagz, Don Jazzy, and many more in gaining more fame. His earnings from his endorsement deals, music career, record label, and acting skills have ranked him as one of the richest musicians in Africa. He has endorsed top brands like Glo, United Nations, etc.

Major Investments

Acting: M.I Abaga earns as an actor and has appeared in movies like Namaste Wahala, Chief Daddy, and many more.

Other Expensive Acquisitions

M.I Abaga owns a swanky house in Abuja and Taraba State. He is also a lover of flashy and luxury cars like the Mercedes Benz G Wagon, Bentley Continental GT, and many other expensive cars.

Recap Of the Top 20 Richest Musicians In Africa

  1. Youssou N’dour – $145 million
  2. Akon – $80 million
  3. Black Coffee – $60 million
  4. Davido – $40 million
  5. Wizkid – $30 million
  6. Don Jazzy – $18.5 million
  7. Burna Boy – $17 million
  8. 2Baba – $16.5 million
  9. Rudeboy – $16 million
  10. D’banj – $13.5 million
  11. Olamide – $12 million
  12. Mr. P – $11 million
  13. Phyno – $11 million
  14. Timaya – $10.5
  15. Akothee – $10 million
  16. Flavour – $9.8 million
  17. Sarkodie – $9 million
  18. Banky W – $ 9 million
  19. Bobi Wine – $8 million
  20. M.I Abaga – $7 million

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