African music remains an authoritative source of joy globally and definitely a promising professional path for gifted artists who are hunting for riches. The latest statistics on the richest musicians in Africa in 2020 has left many fans casting a desiring eye at their exceeding wealth. The list of the most affluent African artists confirms that talent and the right exposure result in a luxurious lifestyle.
Image: instagram.com, @ludassocial
If you look at top African musicians net worth, you will agree that singers with African descent rank fairly alongside their counterparts from across the world. Their high-end properties, sparky cars, and executive lifestyles speak volumes, leaving a high-class impression among their fans. It is no doubt that Africans draw a lot of inspiration and are supportive of their talents in art. Find out how well your favourite singer is doing financially compared to others in the industry.
Top 20 richest musicians in Africa 2020 and their net worth
Forbes list identifies western and southern parts of Africa as the hotpots of great music genres. Countries such as South Africa and Nigeria rank high on the list, having many top-earning artists. So, who are the richest musicians in Africa?
1. Youssou N’Dour ($145 – $150 million)
- Real name: Youssou N’Dour (Born 1st October 1959)
- Nationality: Senegalese
Image: en.wikipedia.org
The star has built his wealth from different sources, including the music industry, and we can confidently state that Youssou is the richest male singer in Africa. He is a gifted entrepreneur with deep founded interests in politics, and his net worth is between $145 and $150 million. He is also the owner of an influential media authority that airs both radio and television programs. Many people love Youssou for his extraordinary musical productions.
2. Akon ($80 million)
- Real name: Aliaume Damala Badara Akon Thiam (Born 16th April 1973)
- Nationality: American/ Senegalese
The record-breaker Akon ranks second in the list of wealthy African hit jam producers, with approximately $80 million as net worth. The US-based star is both a producer and songwriter with decades of experience in the industry, making him one of the richest persons in the music industry. Endorsements and music engagements are the primary sources of Akon’s income.
His long-lived career has seen him register more than 35 million sales. It is through his popularity that Akon has earned countless nominations alongside five Grammy Awards. Akon is now a continental hit singer inspiring generations with his Konvict Muzic label productions.
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3. Black Coffee ($60 million)
- Real name: Nkosinathi Maphumulo (Born 11th March 1976)
- Nationality: South African
Image: instagram.com, @realblackcoffee
Maphumulo is a professional DJ with a good background in music production. He now works with Soulistic Music record label and rubs shoulders with top-earning musicians in the continent. Africa boasts of his artistic talent that has seen him cross boundaries with a unique taste of entertainment. His net worth estimates at about $60 million, with music records as the primary source of Black Coffee’s exceeding wealth and admirable lifestyle.
4. Don Jazzy ($30 million)
- Real name: Michael Collins Ajereh (Born 26th November 1982)
- Nationality: Nigerian
Don is widely famous and loved for his artistry. He is a founding star at Mavins Record, which is sometimes called Supreme Mavin Dynasty. Don has been inspiring generations for decades now and is greatly admired in the continent, which bows to his solo and collabo music releases. His decision to move to Britain did not lower his fame as most people had predicted. Don is now unstoppable, having a wealth of $30 million.
5. Wizkid ($20 million)
- Real name: Ayodeji Ibrahim Balogun (Born 16th July 1990)
- Nationality: Nigerian
Image: instagram.com, @wizkidayo
Wizkid works with Starboy Record as the Chief Executive Officer. The young Nigerian star has an estimated net worth of $20 million and has earned a fair share of his wealth by releasing contemporary hip hop hits, which appeal to a broad audience. Wizkid streams a considerable percentage of his wealth from leading corporations such as MTN and Pepsi. The young talented artist is not new to exclusive music nominations and awards.
6. Rudeboy ($16.1 million)
- Real name: Paul Okoye ( Born 18th November 1981)
- Nationality: Nigerian
Image: instagram.com, @iamkingrudy
Rudeboy (Paul Okoye) is a respectable member of the P-Square band. His flashy career has left him well known across the African continent and beyond, with a whopping $16.1 million as net worth.
7. Davido ($16 million)
- Real name: David Adedeji Adeleke (Born 21st November 1992)
- Nationality: Nigerian
DMW CEO, Davido, is openly wealthy and is never shy of bragging about it. The celebrity is closely affiliated with Sony, RCA, and DMW record labels, and has crossed deep waters to perform in global theatres. Davido has been doing well since 2011 when Dami Duro placed him on the global scene, and currently, his wealth is approximately $16 million. Adedeji prides for his nominations and awards, among them The Headies Awards.
8. Mr. P ($15.2 million)
- Real name: Peter Okoye (Born 18th November 1981)
- Nationality: Nigerian
Image: instagram.com, @peterpsquare
Mr. P is the twin brother to Rudeboy. P Square brothers are famous for their incredible music, which saw them cross African borders to play and invest in the United States. The two are no longer collaborating in music, but are concentrating on their careers individually. Mr.P’s career is paying back, confirmed by his $15.2 million net worth.
9. 2Face Idibia {Tuface} ($15 million)
- Real name: Innocent Ujah Idibia (1975)
- Nationality: Nigerian
Idibia is Hypertek CEO. He is a well-off fame hunter who never rests until his accounts are satisfied. The African Queen star is among the most accomplished hip hop record-breakers in Nigeria and Africa at large. He pockets much of his income from music sales, real estate, and other high-end entrepreneurial involvements. His approximate net worth is $15 million.
10. D Banj ($11 million)
- Real Name: Oladapo Daniel Oyebanjo (Born 1981)
- Nationality: Nigerian
Image: instagram.com, @iambangalee
D Banj is a harmonica player, singer, and artist. He works under Kanye West’s Good Music record label, where he has gained fame on interstate floors. The star has attained more than 4 million album sales making him a star of interest in 2020. D Banj’s net worth stands at $11 million.
11. Banky W ($8 million)
- Real name: Olubankole Wellington (Born 1981)
- Nationality: Nigerian
Image: instagram.com, @bankywellington
The king of Empire Mates Entertainment, EME, ranks highly in the list of wealthy musicians. Besides his role as a CEO at EME, Banky works as a producer and music artist. He is particularly famed for his trendy R&B tracks, which have received overwhelming reception outside Nigeria.
12. Flavour ($7 million)
- Real name: Chinedu Izuchukwu Okoli (23rd November 1983)
- Nationality: Nigerian
Image: instagram.com, @2niteflavour
Flavour developed his passion for music as a young boy while playing instruments at his local church. He would later become one of the most popular Igbo musicians in Africa. His famed hit Ada Ada has seen him earn several awards, which have continually enabled him to boost his net worth ceiling. Flavour is a multi-performer, instrumentalist, songwriter, and vocal singer of all time. His golden voice is a charm that drives his career.
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13. Sarkodie ($7 million)
- Real name: Michael Owusu Addo (Born 10th July 1988)
- Nationality: Ghanian
Image:instagram.com, @sarkodie
Who is the richest rapper in Africa? Sarkodie has attained an upper-class level of wealth, making him a rapper of interest in 2020 with a net worth of approximately $7 million. The stinking rich Sarkodie works with Sarkcess Music record label. Excluding Sarkodie from the list of top Ghanaian music stars will render it less valid to thousands of his charming fans. He is not only an ambassador for the youths but an official celebrity with a deep interest in the welfare of local children. Sarkodie’s entrepreneurial interests have significantly contributed to his flowering wealth.
14. Jidenna ($7 million)
- Real name: Jidenna Theodore Mobisson (Born 1984)
- Nationality: Nigerian/American
Image: instagram.com, @jidenna
Jidenna is an international artist with exceeding popularity in the United States of America. The star also enjoys a considerable command of fans across Nigeria. His father wanted him to become an engineer, but this never happened because Jidenna had already developed a passion for music at a tender age. Most upcoming singers greatly admire him.
15. Tiwa Savage ($7 million)
- Real names: Tiwatope Savage (1980)
- Nationality: Nigerian
Image: instagram.com, @tiwasavage
Before joining Universal Music Group, Tiwa was formerly signed in at Marvin record label. She is a talented composer, songwriter, and writer with a net worth exceeding $7 million.
16. Jose Chameleon ($6 million)
- Real name: Joseph Mayanja (Born 1979)
- Nationality: Ugandan
Image: instagram.com, @jchameleon
Who is the richest East African musician? Chameleon is the biggest name in East African Music, with an estimated net worth of $6 million. His talent has enabled him to win loyal fans from diverse cultural backgrounds and dialects such as English, Swahili, and his local Luganda. His career dates back to the 1990s when the music industry was still under development.
There is no denying that Chameleon is among the richest stars. The tune of his possessions encompasses posh urban assets. He also owns high-end cruises such as Cadillac Escalade and Mercedes Benz (ML 200), which speak volumes about his ballooning wealth.
17. Tinashe ($6 million)
- Real name: Tinashe Jorgensen Kachingwe (Born 6th February 1993)
- Nationality: Zimbabwean/ American
Image: instagram.com, @tinashenow
Tinashe has attracted several fans for her attractive voice, having risen to fame in 2000 after a remarkable performance in Cora Unashamed. She has built a stable music career producing hits after another under ROC Nation and RCA record labels. Her success has seen her featuring alongside famed personalities such as actor Tom Hanks. The lass shocked many when she denounced her roots in Zimbabwe. Sources have, however, revealed that she is a citizen of Zimbabwe by descent, subject to state laws.
18. Koffi Olomide ($5 million)
- Real name: Antoine Christophe Agbepa Mumba
- Nationality: Congolese
Image:instagram.com, @koffiolomide_officiel
Congo is now on the map, thanks to Koffi’s award-winning hits. The musician is likeable for his skills in dancing, songwriting, singing, and production. Koffi has managed about seven albums with several hit songs.
19. Fally Ipupa ($5 million)
- Real name: Fally Ipupa (1977)
- Nationality: Congolese
Image: instagram.com, @fallyipupa01
Judging by his comfortable lifestyle, we can boldly argue that Ipupa is a big fish in the African music industry. Ipupa is currently a resource person in both song-writing and singing. His broad base of fans admires his hard work that has modernized Lingala. He nurtured his career under Koffi Olomide’s band, Quartier Latin International – until his fame blossomed in the music industry. A great deal of his payroll comes from performances, brand endorsements, and DVD sales.
20. Diamond Platnumz ($5 million)
- Real name: Nasibu Abdul (Born 2nd October 1989)
- Nationality: Tanzanian
This list of richest musicians in Africa would be incomplete without including the famous Diamond, one of the fastest upcoming East African musicians. His sensational Bongo music is highly moving even among the non-Swahili speakers. He has crossed mountains to win life-changing collabos with non-African artists. He channels much of his income from album sales, endorsements, and events, recording a net worth of about $5 million Diamond is CEO of the flashy Wasafi Records and is now role model to many young people.
READ ALSO: 12 richest people in Tanzania in 2020
Africa is presently a centre point of musical genres and lyrical tunes, and the richest musicians in Africa have made admirable returns from their talent. Our musicians seem to have found welcoming states overseas and across the African continent, with more and more of our talents increasingly saturating the international entertainment industry where there is heated competition. Who is your favourite richest musician in Africa? Share with us in the comment section below.