Top 20 Richest Musicians In Africa 2023 And Their Net Worth

This updated ranking of the richest musicians in Africa is based on their Net worth, read on to know more. Traditionally, music is a powerful tool that triggers joy and other exciting emotions. Owing to this, a multitude of people highly regard musicians for their artistic talents which easily inspire devotion and intense support, this is among the reason for coming up with the latest update of Forbes ranking of the richest African musicians, their Net worth, and country of origin In Africa.

Music forms a vital part of what beautifies people’s diverse cultures and since it has been regarded as a source of excitement, it is noteworthy to take a survey of Africa’s music, how it thrives and the spectacular characters that have proven to give it a greater edge above the foreign music. so you asked; Who Is The Richest Musician In Africa presently? Currently, in Africa, Nigeria and South Africa happen to be the respective largest and second-largest producers of the richest musicians. In light of this, we’ve come up with this list. Most importantly, this ranking is in line with Forbes’ unrivaled ranking contents.

Top 20 Richest Musicians In Africa And Their Net Worth

1. Akon

  • Real Name: Aliaume Damala Badara Akon Thiam
  • Age / Date of Birth : 16, 1973
  • Net Worth: an estimated $80 Million
  • Marital Status: Married (Akon’s wife – Tomeka Akon)
  • Record Label: Konvict Muzic
  • Occupation: CEO Konvict Muzic/Artist/Songwriter, Record Producer
  • Country of Origin/Nationality: Senegal/United States

For many years, Akon has featured among the world’s most acclaimed musicians. Significantly and through the influence of his blockbuster albums believed to have recorded more than 35 million sales, his fame continually swirls across and beyond Africa. Besides the mouthwatering returns he earns through endorsements and album sales, Akon has dignified his music gallery with a total of 45 Billboard Hot 100 songs and lots of awards. Furthermore, he has appeared in remarkable nominations –particularly his presence on the list of Grammy Award nominations for a total of 5 times. As his fame and massive success distinguish him as Africa’s richest musician, Akon is presently worth $80 million.

2. Black Coffee

  • Real Name: Nkosinathi Maphumulo
  • Age / Date of Birth: 11 March 1976
  • Net Worth: $60 Million
  • Record Label: Soulistic Music
  • Post: Record Producer / DJ
  • Country of Origin: South Africa

Going by the birth name Nkosinathi Maphumulo, Black Coffee is not only a legendary South African musician but also one of the prestigious musicians Africa presently boasts of. Prior to his return to KwaZulu-Natal –his place of birth –in order to make music his course of study, Black Coffee spent years in the Eastern Cape where he apparently grew up. Within and beyond South Africa, Black Coffee has made music the main factor behind his immense fortune and great wealth. Owing to this, he is considered one of the richest musicians in South Africa with his net worth presently hanging around $60 million.

3. Davido

  • Real Name: David Adedeji Adeleke
  • Age: 21st November 1992
  • Net Worth: $35 Million
  • Record Label: DMW, RCA, Sony
  • Occupation: CEO DMW / Music Artiste
  • Country of Origin: Nigeria

Davido is undoubtedly one of the hottest Nigerian pop stars who has been ranked high on the international floor. His music success came way back in 2011, precisely through the influence of his spectacular release –Dami Duro. Davido, who is associated with a wealthy lineage, maintains that his wealth is self-made and a product of his vigorous presence in the world of music. Like some other Nigerian artistes, Davido has added many prestigious awards to his name. Among these awards is The Headies Awards. At the moment, the Nigerian superstar is worth $35 million.

4. Wizkid

  • Real Name: Ayodeji Ibrahim Balogun
  • Age: 16th July 1990
  • Net Worth: $35 Million
  • Record Label: Starboy
  • Occupation: CEO Starboy / Music Artiste
  • Country of Origin: Nigeria

Here is one of Africa’s hottest hip-hop stars. Wizkid –going by the birth name Ayodeji Ibrahim Balogun –is a Nigerian singer born in 1990. Since he swirled into great popularity in 2011, Wizkid has progressively made waves especially through his mega endorsement deals (with giant brands such as MTN, Pepsi, etc), costly charges per musical show, and beautiful record sales. He has strengthened his achievements as the owner of Starboy Entertainment –one of the top record labels in Nigeria. Furthermore, Wizkid is one of the musicians who has garnered much recognition by bagging numerous awards and appearing in exclusive musical nominations. As of now, the star artist is declared to be worth $35 million.

5. Don Jazzy

  • Real Name: Michael Collins Ajereh
  • Age / Date of Birth: 26 November 1982
  • Net Worth: $30 Million
  • Record Label: Mavins Record { Supreme Mavin Dynasty }
  • Occupation: CEO of Konvict Music/Artist/Producer
  • Country of Origin/Nationality: Nigerian

Don Jazzy is well known as a singer and producer. Very impressively, he dominates Nigeria’s music industry as the country’s richest musician. Going by the birth name Michael Collins Ajereh, Don Jazzy has been making waves for a long period and prominently, he has featured with notable superstars within and outside Nigeria. Taking a look at his music career, Don Jazzy began music during his childhood, and through his devotion to music, he eventually relocated to Britain where he proceeded with his music career. As of now, his net worth stands at $35 million.

6. Sarkodie

  • Real Name: Michael Owusu Addo
  • Age / Date of Birth: 10th July 1988
  • Net Worth: $7 Million Dollars
  • Record Label: Sarkcess Music
  • Occupation: Music Artiste / Rapper
  • Country of Origin: Ghana

Actually, the contemporary Ghanaian music industry might seem boring if Sarkodie’s name is excluded from the clique of notable artists. Meanwhile, Sarkodie is seen as the main factor behind the great focus on Ghana’s contemporary music. Sarkodie has obviously reached an unrivaled milestone and this has ranked him high as a youth ambassador with presidential status. Besides music, Sarkodie has contributed largely to the welfare of many Ghanaian children who dwell in poverty and homelessness. Significantly, Sarkodie carries on this philanthropic contribution through his Sarkodie Foundation. Also noteworthy, Sarkodie has doubled up his wealth outside music and this comes with the help of his business dealings including his Sark clothing.

7. Tinashe

  • Real Name: Tinashe Jorgensen Kachingwe
  • Net Worth: $6 Million
  • Record Label: ROC Nation, RCA

Tinashe is one of the impressive female characters in the music industry, worth 6 million dollars. Only at a tender age, her sonorous voice gave her the courage to sing impressively. Since she marked her debut with her performance in Cora Unashamed –a film in the year 2000 –Tinashe has remained a vibrant and successful artiste. As a sonorous quality, Tinashe’s voice is much admired and this made it feature in The Polar Express –a cartoon movie. In the cartoon movie, Tinashe’s vocals were featured together with star actor Tom Hanks.

8. Hugh Masekela

  • Real Name: Hugh Masekela
  • Age / Date of Birth: 4 April 1939
  • Net Worth: $1.5 Million
  • Record Label: Mercury, MGM, Uni, etc.
  • Post: Composer, Singer, Trumpeter, Flugelhornist
  • Country of Origin: South Africa

Witbank-born Hugh Masekela is classified as one of Africa’s richest musicians. Just behind Black Coffee –his South African counterpart –Hugh Masekela rocks South Africa’s music industry with constant releases. Meanwhile, the sparkling artiste has over 43 albums in his music gallery. Likewise, he is part of the notable musicians who have collaborated with artists such as Miriam Makeba, Stevie Wonder, Paul Simon, late Fela Kuti, Mavin Gaye, The Byrds, and Dizzy Gillespie.

9. Jidenna

  • Real Name: Jidenna Theodore Mobisson
  • Date Of Birth: May 4th, 1984
  • Net Worth: $1Million
  • Country Of Origin: Nigeria/American

Jidenna is a native of Nigeria worth 1 million dollars. His musical ambit –which largely spans across the United States of America with recognition from a huge audience –has distinguished him as one of the Nigerians making waves with music outside the country. At a tender age, Jidenna –going by the birth name Jidenna Theodore Mobisson –was passionate about making music his path into the limelight. However, young Jidenna was extremely scared of disclosing this to his father who was keen on seeing his child become an engineer.

10. P Square

  • Real Name: Peter and Paul Okoye
  • Age / Date of Birth: 18 November 1981
  • Record Label: Square Records
  • Occupation : Music / Artist / Producer
  • Country of Origin: Nigeria

P Square is an impressive duo of twin brothers who have been making waves for a long period. Undoubtedly, the two brothers –going by the birth names Paul and Peter Okoye –are part of the richest and most acclaimed Nigerian musicians. Apart from their presence in Nigeria’s music industry, the two brothers have emerged into the international music scene and earned much enthusiasm from the foreign audience. P Square maintains Square Records as its record label and within and beyond Africa, the two brothers have magnified their reputations with their high-selling songs. Meanwhile, Peter Okoye and Paul Okoye make the largest portion of their massive wealth from their costly musical shows (estimated at $150,000 for each show), their mega endorsement deals, and the sumptuous sales generated from their fast-selling songs. At the same time, P Square is regarded as a mixture of two brotherly characters whose musical splendor triggers enthusiasm from the international audience.

11. D Banj

  • Real Name: Oladapo Daniel Oyebanjo
  • Age / Date of Birth: 9 June 1981
  • Record Label: Kanye West’s Good Music
  • Occupation: Artist/Songwriter /Harmonica player
  • Country of Origin: Nigeria

Going by the birth name Oladapo Daniel Oyebanjo, D Banj is popularly dubbed Koko Master and since he came into limelight as a musician, he has frequently featured among Nigeria’s richest musicians. Since he stormed the music scene with his widely acclaimed and blockbuster song “Why Me?’’, D Banj’s name has remained a spectacular mention in the music industry. Undoubtedly, he is of great calibre as a musician and many of his songs have yielded massive returns. Most significantly, D Banj makes beautiful sums of money through his endorsement deals with mega-brands within and outside Nigeria. Likewise, as a prolific songwriter and vibrant singer, D’ Banj maintains a record label titled Kanye West’s Good Music. As regards the significance of his musical talent, D’Banj’s fortune has drawn him into a milestone of over 4 million album sales. Meanwhile, his albums are still selling fast within and beyond Nigeria.

12. 2Face Idibia {Tuface}

  • Real Name: Innocent Ujah Idibia
  • Age: 18th September 1975
  • Record Label: Hypertek Digital Entertainment
  • Occupation: CEO  Hypertek / Music Artiste
  • Country of Origin: Nigeria

Born Innocent Ujah Idibia; 2Face is a long-standing Nigerian hip-hop star who apparently came into the limelight with the release of “African Queen’’ –a hit song widely acclaimed within and beyond Africa. Meanwhile, 2Face happens to be one of the oldest Nigerian hip-hop stars who is still making great waves with their songs. Currently, 2Face Idibia maintains his soaring prominence as the CEO of Hypertek with the record label Hypertek Digital. Factually, 2Face has achieved a legendary feat through the millions of sales he makes from his music. Likewise, the star musician makes lots of money from his musical shows as he may be paid a sum of $50-80,000 per show. To double up his presence in music, 2Face associates himself with a number of investment dealings, particularly in real estate.

13. Youssou N’Dour

Youssou N’Dour is a native of Senegal and one of the legendary musicians ever produced by the country. He has been regarded as a prominent figure among the existing Senegalese legendary singers. Significantly, Youssou N’Dour extends his occupational scope beyond music. Regarding this, he is well known as a political figure and an active businessman. As part of the remarkable factors behind his soaring fame across Senegal, Youssou N’Dour happens to be an addict of mbalax –a very prominent music style in Senegal. Youssou N’Dour also holds stakes in the investment sector particularly relating to real estate. Among his prestigious assets is one of the best Senegalese media authority equipped with TV and radio stations.

14. Koffi Olomide

Koffi is greatly classified as one of the remarkable Congolese artists. He shows apparent versatility by combining artistic skills encompassing songwriting, dancing, music production, and singing. His music career has earned him seven albums so far and he has contributed largely to the advancement of music. Through his efforts, he was able to set up the Quartier Latin International orchestra and this comprises remarkable music stars such as Ferre Gola and Fally Ipupa. Like some other artists on this list, Koffi is an award-winning artist who has included numerous notable awards in his gallery. Among these awards is the Best African Artiste of The Decade –an award segment under the Kora Awards. Likewise, Koffi –who is popularly dubbed Mopao earns his money through various sources including his dignified musical shows. For each show, the Congolese superstar requests to be paid a sum of 100,000 euros.

15. Salif Keita

This Malian happens to be one of the legendary artists ever churned out by his country. As a songwriter and singer whose music genre encompasses pop and Afro, Salif Keita is believed to have fashioned out some of the best memorable Malian songs. Particularly with the help of Moffou –one of his blockbuster songs –Salif Keita has earned great enthusiasm from the Malian audience. Over and above this, the legendary Malian superstar was once nominated for Grammy Awards. Like several other reputable musicians, Salif Keita is endowed with numerous assets commonly found in Europe.

16. Fally Ipupa

Fally Ipupa is another notable Congolese artiste. His presence on the music scene specifies him as a songwriter cum singer. Significantly, he is largely acclaimed for transforming Lingala music into a contemporary genre. Prior to Fally Ipupa’s individual career, he served as one of the musicians within Quartier Latin International –a music band formed by Koffi Olomide. Fally Ipupa has encountered great fortune as a musician and significantly, his massive wealth largely results from his performances at concerts and his presence on the payrolls of endorsement brands.

17. Banky W

  • Real Name: Olubankole Wellington
  • Age/Date of Birth: 21st March 1981
  • Record Label: EME ( Empire Mates Entertainment )
  • Post: Ceo EME/Music Artist/Producer
  • Country of Origin: Nigeria

Banky W is one of the hottest R&B artists Africa boasts of, also one of the richest musicians in Africa presently. He is a native of Nigeria and his prominence has swirled beyond the borders of his country. He is associated with mega endorsement deals from which the largest portion of his wealth gushes. Among the giant brands he has endorsements with are Samsung Mobile and Etisalat Nigeria. As an internationally acclaimed musician, Banky W –alongside several other hot Nigerian stars –has bagged numerous awards. Apparently, people began drawing attention to Banky W following his first release widely regarded as an imitated version of a song by Rihanna.

18. Jose Chameleon

Jose Chameleon is arguably the most prominent Ugandan artiste. He is very famous for his music genre expressed in the trio of Swahili, English, and Luganda languages. Since he rose to popularity, he has maintained his stance as one of the East-African singers widely known across Africa. From the outset of his career –apparently in the mid-nineties –Jose Chameleon was known as a DJ in a Kampala-based nightclub. Following the great moment which brought him into Ogopa DJs –one of the popular record labels in Kenya –Jose Chameleon struck massive music fortune with “Bageya’’ –his debut single. Like many other superstars, Jose Chameleon is an ardent lover of high-end assets including a Kampala-situated mansion and a garage of expensive cars. Among the costly cars, he drives are Mercedes Benz (ML 200) and Cadillac Escalade. Likewise, the Ugandan superstar continues making waves with local and international concerts and currently, his net worth stands at Shs – billion.

That’s it for the Top 20 richest Musicians in Africa, Hopes to increase this list to the top 50 this year, share your thought with us through the comment box and like us on Facebook @ or follow us on twitter@


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