The richest celebrities in Nigeria usually come from music, and acting. Other sectors that are becoming more lucrative include comedy, DJing, modeling and Radio Presenting. It is also becoming more common place to find people that are engaged in multiple professions such as Music, Acting, and standup comedy.

Overall, music seems to be the most lucrative part of the Nigerian entertainment industry, but other sectors are becoming more productive. They can now produce content alone (as individuals); and by virtue of the fame they have attained, they can make money from endorsements and other sources.

Top 10 Richest Celebrities In Nigeria 2022

1. Wizkid

Net Worth: $50 million

Wizkid is the biggest star in Nigeria at the moment; he is the most popular as well as the most monied celebrity in the country. Wizkid is has the biggest fan-base of any musician in Nigeria, and that means that he is always ahead when it comes to record sales.

Wizkid is also widely popular among the Nigerian population in the Diaspora. He has sold out top arenas in London, New York, and many parts of the world. Wizkid recently performed at a Royal Wedding in India, for which he received about half a million dollars.

He has performed with some of the biggest stars in world music; and has done endorsement work for Pepsi, Glo, and many other brands.

2. Davido

Net Worth: $40 million

Davido is one of the most popular musicians in Nigeria; he is also one of the richest. Aside from his family’s wealth, Davido is estimated to be worth around $40 million. He has several hit songs under his belt, and has performed with top stars in America, and around the world.

Davido has also performed at top arenas; including the famous O2 Arena, which he sold out in double quick time. Davido is also a Record Label Executive; he is the owner of Davido Music Worldwide; which has several upcoming stars on its roster.

Davido has done several endorsement deals with Infinix, Wema Bank, Pepsi, Puma, and so on. He recently went on a car buying spree; he bought exotic cars from renowned makers.

3. Burna Boy

Net Worth: $40 Million

On the back of his recent Grammy Award; Burna Boy is probably one of the most recognized musicians in Nigeria. He is certainly one of the richest celebrities in Nigeria, on the back of successful world tours, and the global impact of his music. Burna Boy has several successful albums under his belt; and he also makes a lot of money through streams and downloads.

Burna Boy has toured the worlds; he has sold out top arenas in Europe and America; and made bagfuls of dollars in the process. Burna Boy is truly an African Giant; he is the most sought after artist on the planet; with artists from every corner of the world vying to perform and collaborate with him.

4. Genevieve Nnaji

Net Worth: $38 Million

Nollywood sweetheart Genevieve Nnaji is one of the biggest celebrities in many respects; she is an established face in the movie industry of Africa; with over 200 films to her name. In the early 2000’s she ruled the movie industry with Omotola Jalade Ekeinde- another accomplished actress.

However, Genevieve Nnaji is a brand; she has a women’s magazine by her name, and she also has an Estate developed with her own funds. She has a film house; and Netflix has premiered one of her movies- paying top dollar for the film.

She has made wheelbarrows full of money from endorsement deals; Amstel Malta, Lux, and so on, have paid her handsomely to represent their brands.

5. Linda Ikeji

Net Worth: $36 Million

Linda Ikeji is the biggest blogger in Nigeria; she is a celebrity by own right; and she made blogging the business that it is today in Nigeria, setting the pace for other bloggers.

Linda Ikeji is also a media personality; she is a social media influencer, a publishing magnate, an entrepreneur, a writer, and a philanthropist funneling millions of naira into empowerment of young girls in the country.

Linda Ikeji also owns a radio station, among other ventures. No stranger to controversy; her blog gets up to 15 million views every day; and she makes money through advertising.

6. Don Jazzy

Net Worth: $35 million

Don Jazzy is a musician, producer, and record executive. He started out with friend and brother; D’ Banj, with whom he form Mo Hits in the early 2000s’, and with whom he ruled the airwaves. Sadly, Mo’ Hits had to be disbanded after a disagreement, and then Dan Jazzy had to start again by establishing Mavin Records.

Don Jazzy has performed with all the big names in Nigerian music; and his record label has a list of vibrant artists; some of whom are already earning awards.

He has done all kinds of endorsement deals, and it is said that he gets around 500,000 naira for one music production.

7. Funke Akindele

Net Worth: $30 million

Funke Akindele deserves to be celebrated. This woman took a film role and turned it into a brand. She is the owner of one of the most popular TV shows; Jenifa’s Diaries, which is syndicated on Satelite TV.

With that TV deal alone she has made millions of dollars, and she has already made a lot of money from the same show, albeit as a movie which she premiered and distributed independently.

She has done several endorsement deals with; WAW, Dettol, Keystone Bank, and Irokotv have all paid her to promote their brands.

8. 2Face Idibia

Net Worth: $11 million

As far as longevity in the music industry is concerned, there is no one more successful than 2Face Idibia. He broke out from Plantation Boiz, and joined Kennis Music in 2003. In the early 2000’s he was the most popular artiste in the whole of Africa.

2Face Idibia is still very active in the music industry; he still releases albums every other year; the latest being 2022. He has travelled all over the world; taking Nigerian music everywhere he goes.

2Face is one of the most recognized musicians in the country; he has made a lot of money from record sales, streaming, shows, and many investments within the country.

9. Tiwa Savage

Net Worth: $10 million

Tiwatope Savage Balogun was born 5th February 1980 in Lagos Nigeria, but she grew up in London. She had already started her music journey in the US; but it was when she teamed up with Don Jazzy and Mohits, that she really became a celebrity.

After a few years, she has cemented her place in Nigerian music industry with several top songs, and tours around the world. She is the most prominent female face in the Nigerian music industry. Although still closely associated with Mavin Records, she has now become an international artiste; she is promoted by Universal Music, as well as Island Records.

10. Kate Henshaw

Net Worth: $9 million

Kate Henshaw is estimated to be worth $9 million dollars. She is one of the actresses that role to fame during the late 1990’s and early 2000s. With her fame she has also been able to do much good in the area of advocacy, especially as it concerns women.

She has received several awards for her acting, and also for her philanthropy. She is a qualified medical practitioner, and she has invested into real estate in areas of the country.

Her has also made truckloads of money from endorsements; she promotes Glo, Onga, Blessing Perfumes, Mortein, and so on.

Related:

Closing

The richest celebrities in Nigeria have worked their way from the bottom, and have now established themselves as top brands not only in Nigeria but all over Africa and beyond. With multiple sources of income, these talented people have been able to create value for themselves and others.