Top 10 richest Musician in Africa in 2022 takes a deep look into the music industry and how these artists have accumulated their wealth through a successful music career and profitable investments.
The African music industry is no doubt a great formidable force concerning other music industries in the world. Follow us as we review the top Richest Musicians in Africa for the year 2022, their success, and how they managed to accumulate their wealth in millions of dollars.
The music industry in Africa is by far one of the fastest-growing in the world, thanks to an influx of talented artists from throughout the continent who are working hard to create the best compositions. These musicians have recorded a diverse collection of wonderful melodies that are performed throughout Africa and the world.
They have evolved and dominated over African music, which they received from the greatest ancient African musicians. African musicians are now competing for Grammy Awards against musicians from all around the world.
Through the significance of their musical abilities, these musicians have amassed riches, making them among the wealthiest musicians in their respective African countries.
Without a second more, let’s dive into our comprehensive list of the top richest musicians in Africa in 2022 and what exactly makes them rich!
Here is a list of the top 10 richest musicians in Africa in 2022
- Youssou N’Dour (145 million dollars)
- Akon (80 million Dollars)
- Black Coffee (60 million Dollars)
- Don Jazzy (30 million dollars)
- Wizkid (20 million dollars)
- Davido (20 million dollars)
- Rude boy (16 million dollars)
- Mr. p (15.2 million dollars)
- Face Idibia (15 million dollars)
- D’banj (11 million dollars)
1. Youssou N’Dour ($145 million)
|Full Name||Youssou Madjiguène Ndour|
|Occupation||Politician / Musician / Writer / Actor / Entrepreneur|
|Labels||Prince Arts / Columbia / Chaos / Real World / Nonesuch|
|Net worth||145 million dollars|
Youssou N’Dour (Youssou Madjiguène Ndour) is the most successful and richest musician in the whole African continent. He has a net worth of 145 million dollars.
N’Dour is a Senegalese singer, songwriter, musician, and composer who has also dabbled in acting, business, and politics. N’Dour is popular due to his influence in the formation of mbalax, a Senegalese music genre with religious origins in the Serer (including the Wolof).
The well-known singer is one of Africa’s most well-known performers. He has millions of followers throughout the world because of his unique combination of traditional Senegalese mbalax and numerous influences ranging from Cuban rumba to hip hop, jazz, and soul.
Unlike other Artists on this list, N’dour is currently not on the high spectrum in terms of fame for most parts of West Africa, especially when compared to other artists like Wizkid, Davido, or Akon. However, he does outweigh them in terms of musical authority and financial gains.
As a well-known artist, N’Dour has received various awards and accolades, as well as numerous milestones and achievements that distinguish him. Among them are:
- 1. His first Grammy Award in the United States for his CD Egypt for contemporary world music album category
- 2. In 2002, he received the Prince Claus Award for “Languages and Transcultural Modes of Expression.”
2. Akon ($80 million)
|Full Name||Aliaune Damala Badara Akon Thiam|
|Age||April 16, 1973 (age 48)|
|Occupation||Singer / songwriter / record producer / entrepreneur / philanthropist|
|Labels||Akonik / BMG / Atlantic Konvict KonLive / Republic / Universal Motown / SRC / UpFront|
|Net Worth||80 million dollars|
The ‘ghetto’ and ‘Smack that’ hitmaker comes second on our list of the top 10 richest musicians in Africa in 2022. Akon is currently the second richest musician in Africa, with an outstanding estimated worth of 80 million dollars.
Akon is an American singer, songwriter, and record producer of Senegalese descent. He has a track record of worldwide hit track with millions of records sold throughout his career.
As a rapper/singer, Akon has an outstanding record in music, achieving success all through the release of his albums, Trouble (2004), Konvicted (2006), Freedom (2008), El Negreeto (2019), and Akonda (2019), and anticipation of the next, Konnection (2022). The artist admitted to having six children with three different women but stresses that they remain inconspicuous.
Akon has won more than 35 awards and gotten above ninety nominations, with dozens of platinum & gold certifications for his top singles and albums. He is associated with half a dozen successful record labels and businesses all around the world, royalties from his music, and endorsement from top brands.
Along with his musical career, Akon later founded two successful record labels, Konvict Muzik and KonLive Distribution. The labels cultivated a multitude of successful acts, such as Lady Gaga, and T-Pain among others. All these wheel him millions of dollars annually.
As a successful businessman, Akon has set his sights on developing an entire tourist city called Akon City in his home country, Senegal. Development of Akon city has already begun, with the entire project worth more than 6 billion dollars.
3. Black Coffee (60 million Dollars)
|Full Name||Nkosinathi Innocent Maphumulo|
|Age||45 (11 March 1976)|
|Genres||House / Classical|
|Occupation||DJ / Record Producer / Song Writer|
|Labels||Soulistic Music, Ultra Music|
|Net Worth||60 million dollars|
Third on our list of the top richest musicians in Africa is Nkosinathi Innocent, popularly known as black coffee with a net worth of 60 million dollars. Recently, he bagged a Grammy nomination for 2022 for the category Best Dance/Electronic Album.
Black Coffee is a musician, DJ, record producer, and composer from South Africa. Durban is where he was born. “Happiness” was the first song that made him famous. Currently, Black Coffee has nine studio albums under his belt, as well as a live DVD.
Coffee rose to prominence after taking part in the 2004 Red Bull Music Academy in Cape Town. He got the “Breakthrough DJ of the Year” title at the DJ Awards in Ibiza in September 2015.
How does Black Coffee Make his Money?
Coffee founded his own record company, Soulistic Music, and released his self-titled first album Black Coffee (2005), which had RnB and Jazz influences. After this, it has been mostly smooth sailing for the artist as he enlarged his success in music, growing his net worth.
He has won some prominent awards in famed categories on the course of his career, some of which include Bet Awards for best international Act in Africa, Best International DJ at the DJ awards, and male artist of the year at the SAMA Awards.
Major Projects, Albums, and DVDs that have accumulated success and fame for Black Coffee includes:
- Black Coffee (2005)
- Have Another One (2007)
- Home Brewed (2009)
- Africa Rising DVD (2012)
- Africa Rising CD (2012)
- Pieces of Me (2015)
- The Journey Continues EP (2016)
- Music is King EP (2018)
- Subconsciously (2021)
Successful music and the business mix are sometimes hard to pull, but Coffee is the exception, ranking over 60 million dollars to his name.
4. Don Jazzy (30 million Dollars)
|Full Name||Michael Collins Ajereh|
|Age||38 (26 November 1982)|
|Genres||Afrobeats / Afro pop|
|Occupation||Record Producer / Singer / Executive / Entrepreneur|
|Labels||Mo’ Hits / Mavin / Very Good Beats|
|Net Worth||30 million dollars|
While Don Jazzy may not be a popular singer, he is one of the most known and respected producers and records label owners in Africa. For his successful stats and engulfing career, Don Jazzy comes fourth on our list of the top 10 richest musicians in Africa in 2022 with a net worth of 30 million dollars.
Collins Michael Ajereh, better known as Don Jazzy, is the fourth richest musician in Africa in 2022, ranking fourth. Don Jazzy hails from Abia State town of Umuahia.
Born in 1982, Jazzy has become a pioneer in the music and production industry, producing some of Africa’s big stars like Tiwa Savage and Rema among others.
The legendary producer has had an illustrious career that spans decades. Jazzy has acquired a fortune of $30 million as a businessman, producer, performer, and instrumentalist.
This wealthy music mogul is the founder and CEO of the Mavin Records label. In his record label, Don Jazzy is recognized for his talent-spotting abilities.
Don Jazzy’s interest in other industries such as technology and oil rose as his record company flourished. The second company he runs has become self-sustaining, generating impressive yearly income. Mavin Energy Limited and Flobyt are two of the company’s subsidiaries.
Apart from earning massive funds from his companies, Jazzy has signed endorsement deals with major brands for great amounts. Some of which include:
- Brand ambassador for Loyal Milk – $10,000
- Ambassador for MTN – N40,000
- Brand Ambassador for Samsung Africa – N110 million
- Ambassador for Konga e-commerce – $38,600
5. Wizkid (20 million dollars)
|Full Name||Ayodeji Ibrahim Balogun|
|Age||Age 31 (16 July 1990)|
|Genres||Arobeats / Afrobeat / Reggae dancehall / R&B / hip hop / pop|
|Occupation||Singer / Songwriter|
|Labels||Starboy / RCA (current) / Empire Mates Entertainment (former)|
|Net Worth||20 million dollars|
After the release of “Holla at Your Boy,” the main song from his debut studio album Superstar, he became well-known. Singles from the Superstar album included “Don’t Dull,” “Love My Baby,” and “Pakurumo,” which all became a national success, expanding the artist platform.
The ‘Essence’ hitmaker has come a long way from the start of his music career. From the release of his first major track to his recent alum ‘made in Lagos’, Wizkid has proved his talent in the music industry countless times.
As his success grew, Wizkid has obtained international sales, major brand endorsement, and ambassadorship, worth millions of dollars in total.
Wizkid is ranked 37th on Hopper’s list of Instagram Rich Celebrities 2021, with each of his posts costing an estimated $57,300.
He has won the most BET Awards, Soul Train Awards, Billboard Awards, iHeartRadio Music Awards, and MOBO Awards of any African musician. He’s also the most-awarded performer in the history of The Headies.
Wizkid currently has 5 albums to his name, ‘superstar (2011), Ayo (2014), Sounds from the other side (2017), Made in Lagos (2020), and an anticipated album ‘More Love Less Ego’.
Fact– Wizkid was the first Nigerian singer to be recognized by the Guinness Book of World Records as an artist with the most Spotify plays in Africa.
6. Davido (18 million dollars)
|Full Name||David Adedeji Adeleke|
|Age||29 (November 21, 1992)|
|Genres||Afrobeats / Afro pop music / pop / electropop / dancehall / R&B / reggae|
|Occupation||Singer / Songwriter / Record producer|
|Labels||Starboy / RCA (current) / Empire Mates Entertainment (former)|
|Net Worth||18 million dollars|
Next on our list is Davido! Another Outstanding Nigerian Artist is worth appearing in our top richest musicians in Africa in 2022 with a net worth of 18 million dollars.
Currently, Davido is trending on all news platforms after raising over 200 million naira ($486 thousand) for his birthday. He took the world by surprise by announcing that he will be donating all the money to charity organizations after adding 50 million naira of his own funds.
Davido was born in Atlanta, Georgia, to business magnate Dr. Adedeji Adeleke. His father is the CEO of Pacific Holdings Limited and the co-founder of Adeleke University in Osun state. Even though the artist was fortunate to be born with a silver spoon, He work hard to build his music career to what it is today.
After the release of “Dami Duro,” the second song from his first studio album Omo Baba Olowo, Davido Achieved national fame, kick-starting his music career in the industry. (2012).
The artist is known as the Hit wonder, often releasing hit after hit song as the years go by, Some of which includes ‘If’, ‘Fia’, ‘Jowo’, ‘FEM’, and ‘Risky’, which each earning him awards, certifications and hundreds of millions of views.
Davido’s net worth is derived from his music and sponsorship initiatives, including the MTN endorsement agreement, Guinness Nigeria, and Infinix mobile which earned him millions of dollars combined.
He also generates a large amount of his finance through his music, holding almost a billion views on his video platforms. Being one of the most popular hit-making artists in half a dozen years, The artist probably earns 10 to 100 million nairas to perform in shows, and even more when hosting shows and tours.
Davido has 3 albums currently, ‘Omo Baba Olowo (2012)’, A Good Time (2019), and ‘A Better Time (2020). He also has one EP which was released in 2016 titled ‘Son of Mercy’.
7. Rude boy (16 million dollars)
|Full Name||Paul Nonso Okoye|
|Age||40 (November 21, 1981)|
|Genres||R&B, hip hop, Afrobeats, Dancehall Reggae|
|Occupation||Recording artist, performer, dancer|
|Labels||Fire Department Inc / Square records, Konvict Muzik, Universal Music Group|
|Net Worth||16 million dollars|
Paul Okoye, popularly known as Rudeboy, is a dancer and performer, popularly known as one of the members of the defunct music group Psquare. He ranks at number 7 on our list of the top 10 musicians in Africa in 2022 with a net worth of 16 million dollars.
Following the disbandment of P-Square in 2017, both band members pursued solo careers. Rudeboy’s first solo singles, ‘Fire Fire’ and ‘Nkenji Keke,’ were released in 2017. Paul Okoye is apparently worth 18 million dollars.
In 2019, his song “Reason With Me” had the most views on YouTube in Africa. Fire Dept Inc, a musical company he founded in 2019, is his first solo owned label.
Before their split up, P-square was among the top three richest musicians in Africa, with their joint wealth and success outranking most successful solo artists.
Because they had both been active in joint businesses in the previous years, a lawyer was brought in to assist them to share their fortune, which left them both with slightly above 15 million dollars.
After Peter allegedly delivered a termination letter to the group’s lawyer, there were reports of a separation. Before this claim, the couple had split up in 2016, allegedly over a disagreement about their manager’s position.
On November 17th, 2021, the couple put a stop to their long-running conflict and reunited to everyone’s delight.
While Paul still earns his share of passive income from royalties and acts from his former group, little is known about their arrangement about company endorsements. Some of which includes:
- Glo Nigeria Endorsement Deal worth hundreds of millions in naira
8. Mr. p (15.2 million dollars)
|Full Name||Peter Okoye|
|Age||Age 40 (November 18, 1981)|
|Genres||R&B, dance/electronic, Afrobeats|
|Occupation||Recording artist, performer, dancer|
|Labels||PClassic Label/ Square records, Konvict Muzik, Universal Music Group|
|Net Worth||15.2 million dollars|
Peter Okoye, also known as Mr P is 8th on our list of the top 10 richest musicians in Africa in 2022 with a net worth of 15.2 million dollars.
Peter is a Nigerian singer, dancer, and performer who was engaged with the music group P-square alongside his twin brother before their split.
P-square was among Africa’s top three wealthiest musicians before their breakup, with their combined income and success outstripping that of the continent’s most successful solo artists.
P-Square was disbanded in 2017, and both members of the band parted ways. In 2017, Mr P released his debut solo song, ‘Cool It Down,’ which was dubbed ‘For My Head.’
Some of His ambassador deals include:
- Mr. P was named a Kia Motor Ambassador on June 16, 2016.
- Peter was also named a brand ambassador for Nutricima Limited’s Olympic milk.
- Peter created “Dance with Peter,” a reality television show sponsored by Globacom Telecommunication Limited.
- He was announced as the brand ambassador of Adidas, a manufacturer of shoes, apparel, and accessories, in August 2021.
Both the P-square brothers still earn and retain most of their money from their past success while still operating as a group. Recently, they reconciled and hopes are in the air that they may come back together and revive the name P-square once again.
9. 2Face Idibia (2Baba) – (15 million dollars)
|Full Name||Innocent Ujah Idibia|
|Age||Age 46 (November 18, 1981)|
|Genres||Afrobeats / R&B / hip Hop / Reggae / Gospel / Afro pop|
|Occupation||Musician / Singer / Songwriter / Record Producer / Entrepreneur|
|Net Worth||15 million dollars|
Next on our list is 2Baba! 2face Idibia comes in ninth in our list of the top 10 richest musicians in Africa in 2022 with a net worth of 15 million dollars.
Innocent Ujah is a Nigerian legendary musician, singer, songwriter, record producer, entrepreneur, philanthropist, humanitarian, and activist better known by his stage name 2Baba.
2Face began his music career in 1994 and has steadily climbed to recognition since then, earning numerous honors in the music and entertainment industries.
Before going solo, he was a member of the Plantashun Boiz group. You’d think he’d drift away from the music scene. He didn’t give up, and he even blossomed on his own with the release of his most popular album, ‘Face 2 Face’.
He is one of the country’s oldest musicians who is still active in the music industry. In the music industry, 2Face has acquired a fortune, making him one of the wealthiest musicians in Africa.
2Baba has drawn in millions of dollars from his albums, singles, and major brand Endorsements deals. Some of these major deals include:
- Owner of the Buckwyld and Breathless concert.
- First African ambassador of Italian alcoholic liqueur Campari.
- Ambassador of Guinness beer.
- Brand ambassador for National Agency for Food, Drug Administration and Control (NAFDAC).
- An endorsement deal with Airtel Nigeria.
- An endorsement deal with Globacom telecommunication in May 2019.
- Brand ambassador of Pazino Homes and Gardens.
- Tuface alongside Wizkid was chosen as the face of Hennessy’s artistry season in 2014.
- 2Baba became the first and official brand ambassador for Oraimo.
The artist is currently worth 15 million dollars.
10. D’banj (11 million dollars)
Last on our list of the richest musicians in Africa is Koko master, D’banj! he has a net worth of 11 million dollars
D’banj is a Nigerian rapper, entrepreneur, and co-founder of Mo’ Hits Records with producer Don Jazzy. Throughout his career, he has garnered several music honors, leading up to the release of his latest album, ‘ibebe.’ D’banj, the Nigerian hitmaker, is profiled in depth.
D’banj’s debut album, ‘No Long Thing’, was released in 2005. ‘Tongolo’ was the major tune, and it was followed by a flurry of others. This was his first hit song, and it was a huge success. It also bestowed upon him the moniker of Koko Master.
With over six albums and a dozen hits, D’banj has earned millions of dollars from his streaming platforms, album sales, and tours, and featured performances throughout his music career.
D’banj has gotten a lot of endorsement, which are worth millions of dollars combined. Here are the prominent ones:
- Power Fist (2006)
- Bank of Industry (BOI) (2013)
- Globacom (2013)
- Heritage Bank (2014)
- Beats by Dre (2014)
- Ciroc Nigeria (2015)
- SLOT (2015)
That ends our list for the top 10 richest musicians in Africa in 2022 and their musical careers which have earned them millions of dollars. The list consists of 5 Nigerians, two Senegalese, and one South African, all of which are millionaires with global outreach on their music.
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