Top 10 Richest Musicians in Africa

10. Fally Ipupa

Net worth: $13.6 million

Fally Ipupa is a Congolese singer-songwriter, dancer, philanthropist, guitarist, producer, and the UNICEF National Ambassador to the Democratic Republic of the Congo. 

With his distinctive technique of fusing African melodies with contemporary pop music garnering him a worldwide fan base, Congo’s Fally Ipupa is the tenth richest musician in Africa.

His collaborations with a number of well-known artists, including R. Kelly, Olivia, and Booba, have further enhanced his status as one of the richest singers in Africa.

9. Burna Boy

Net worth: $16 million

Damini Ebunoluwa Ogulu MFR, known professionally as Burna Boy, is a Nigerian singer, songwriter, and record producer and one of the richest musicians. He rose to stardom in 2012 after releasing “Like to Party”, the lead single from his debut studio album L.I.F.E.. He is well known for his Afrobeat pop music, dance hall afro-pop, and Nigerian street music. 

Burna Boy is also the highest-paid musician in Africa, with the Nigerian ranking for seven of the ten most lucrative single shows by an African artist. Midway through 2022, his One Night in Space performance at Madison Square Gardens was the most expensive ever by an African, generating at least $1,576,641 in ticket sales.

He is presently the second most-played Nigerian artist on Spotify, as his distinctive Afro-fusion sound, which combines elements of Afrobeat, dancehall, and hip-hop, has earned him global recognition.

8. Wizkid

Net worth: $26 million

Ayodeji Ibrahim Balogun, known professionally as Wizkid, is a 3-year-old Nigerian singer and songwriter. A prominent figure in the modern-day Afro beats music scene, Wizkid is regarded as one of the biggest and most influential African artists of all time and one of the richest musicians.

Wizkid has signed lucrative endorsement agreements with major brands in Nigeria and beyond, including Pepsi, Puma, Tecno MTN, Glo ($240,000), UBA, and Guinness, all of which have contributed to his position as one of the richest artists in Africa.

Wizkid possesses an approximately $26 million mansion in Surulere, Nigeria, and one in Los Angeles, California, in the United States. His automobile collection contains:

• BMW X6 crossover ($17,400)
• Porsche Panamera ($101,600)
• Lamborghini Urus ($160,000)
• Used Mercedes-Benz G63 AMG ($110,000–$130,000).

7. Davido

Net worth: $27.6 million

David Adedeji Adeleke OON, who is professionally known as Davido, is an American-born Nigerian singer, songwriter, and record producer.

Davido was born in Atlanta, Georgia, United States, and raised in Lagos, Nigeria. He made his music debut as a member of the group KB father is the chief executive officer of Pacific Holdings Limited and co-founder of Adeleke University in Osun State.

Being one of Africa’s richest artists, Davido has collaborated with Chris Brown, Meek Mill, and Summer Walker, among others. The Nigerian is rumored to earn up to $20,000 per performance in Nigeria and $30,000 per international appearance.

After a prolonged hiatus following the murder of his son, he released “Timeless” in 2023, one of the best-performing albums in modern Nigerian history. Davido possesses two residences in Lekki, Lagos, and one in Georgia, United States, as well as one of the continent’s most opulent vehicle collections, which consists of:

• 2019 Rolls-Royce Cullinan ($700,00).
• Bentley Bentayga (216,000 dollars).
• Bentley Continental GT ($190,000).
• Porsche Panamera Turbo S ($45,600)
• Range Rover Sports ($168,000–$180,000)
• Range Rover SV Autobiography ($200,000)
• Chevrolet Camaro GS ($18,800)
• Audi R8 ($46,800)
• Audi Q7 ($24,000)
• Mercedes-AMG GLS63 ($90,000)
• Mercedes G-Wagon ($42,000)
• Toyota Land Cruiser ($60,000)

6. Gims

Net worth: $30.4 million

Gandhi Alimasi Djuna, better known by his stage name Maître Gims and more recently just Gims, is a Congolese-French singer, rapper, songwriter, and one of the richest musicians in Africa.

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He grew up in France and currently lives in France and Morocco. In addition, Gims has diversified his revenue streams by expanding into other industries, including the ownership of a record label, MMC (Monstre Marin Corporation), and a perfumery brand.

Additionally, Gims has served as a judge on the French version of The Voice, which has increased his visibility and earnings.

5. P~Square

Net worth: $37.26 million

P-Square is a Nigerian musical duo consisting of the twin brothers Peter Okoye and Paul Okoye. They produced and released their albums through Square Records.

In December 2011, they signed a record deal with Akon’s Konvict Muzik label. As evidenced by their numerous popular songs, accolades, and sold-out shows and concerts, Nigerian music duo PSquare are the fifth richest musicians in Africa.

They have collaborated with Akon, Rick Ross, and T.I., among other international performers. In their prime, they were among the highest-paid musicians in Africa.

In addition to their music career, PSquare had multiple other sources of income, including endorsement deals with various brands, real estate investments, ownership of a record label, Square Records, and successful clothing lines.

4. Black Coffee

Net worth: $48.8 million

Nkosinathi Innocent Maphumulo, better known by his stage name Black Coffee, is a South African DJ, record producer, and songwriter. Coffee established his own record label Soulistic Music, and released his debut self-titled album Black Coffee, which incorporated elements of R&B and jazz. 

As one of the richest artists in Africa, Black Coffee has collaborated with international music superstars such as Drake, Usher, and Alicia Keys and has performed at key international music festivals, including Coachella, Tomorrowland, and Ultra Music Festival.

Black Coffee possesses opulent residences in Los Angeles, California, and South Africa, the latter of which is valued at approximately $400,000. To live up to his status as one of the richest musicians in Africa, Black Coffee owns an impressive collection of automobiles, including a Mercedes-Benz Station Wagon, a Mercedes-Benz CLK, a $100,000 Bentley GT Continental, and a $50,000 Maserati.

3. Don Jazzy

Net worth: 52 million

His productions have dominated the rankings in Nigeria, other African nations, and worldwide. Additionally, he has collaborated with international artists such as Jay-Z, Kanye West, and Beyoncé, which has increased his exposure and income. Don Jazzy possesses a luxurious fleet of exotic vehicles, including:

• Porsche 911 Carrera ($84,000)
• Bentley Continental ($50,000)
• Cadillac Escalade ($54,400)
• Mercedes-Benz E350 ($40,000)

2. Akon

Net worth: $90 million

Aliaune Damala Bouga Time Puru Nacka Lu Lu Lu Badara Akon Thiam, known mononymously as Akon, is an American singer, record producer, and entrepreneur. Collaborations with several other renowned artists, including Eminem, Michael Jackson, Madonna, Lady Gaga, R. Kelly, 50 Cent, and Dr. Dre, have increased the Senegalese’s popularity and earnings.

Guinness World Records recognizes Akon as the first solo artist in history to simultaneously hold the number one and number two positions on the Billboard Hot 100. 

1. Youssou N`Dour

Net worth: $147.5 million

Youssou N’Dour is a Senegalese singer, songwriter, musician, composer, occasional actor, businessman, and politician. Throughout his career, the Senegalese icon has released over 30 albums and won numerous accolades, including the 2005 Grammy Award for Best World Music Album.

As one of the richest singers in Africa, N’Dour has collaborated with Peter Gabriel, Bruce Springsteen, and Neneh Cherry, among others, and has enjoyed success in Africa, Europe, and the United States.

In addition to his musical career, N’Dour’s status as the richest artist in Africa is attributable to his participation in a number of successful commercial ventures. In Senegal, he controls several businesses, including a record label, a television station, and a nightclub.