Top 10 Richest Musicians In Africa 2020

Wealthiest Musicians In Africa

Update on the list of richest musicians in Africa. Music has always been a profitable profession; as far back as we can remember, musicians have always been among the rich class of the society, next to sportsmen, and fighters. This is especially so in the Africa of today, where some economies are booming more than ever before, making every sector, including music have more patronage, and thus earning more money. With the rise in the state of the economy of most African states we now have more rich musicians than ever before.

So who are the richest musicians in Africa? Who are the entertainers whose records are selling the highest figures, and shows and concerts are pulling the biggest crowds? Naturally, the biggest stars will attract the juiciest endorsement deals because their images have the highest reach due to the fact that they have a high fan-base. Without further ado, we now present the top 10 richest musicians in Africa. 

Top 10 Richest Musicians In Africa 2020 

Wealthiest Musicians In Africa
Akon
  • 1. Akon (Senegal/ America)

Estimated Net Worth: $80 Million

Akon, is a well established song wrter, producer and vocalist in America, and therefore the world, but he is from Senegal. His net- worth is estimated at around $80 million, and that makes him the richest African musician.  His mony was not made by luck or accident, however, Akon is truly a multi-talented individual. He came from prison and built a music empire by singing about prison life. He founded Convict Music, which quickly became a hit, and he also owns Kon Live Distribution.

Associated acts with Akon’s music company are T-Pain and Lady Gaga. Akon has no doubt reached super star status. He has sold more than 35 million albums and has been nominated for Grammy Awards five times. His songs have reached number one on the Billboard Hot 100 songs list. He has recorded songs in almost every corner of the world, and performed concerts on every continent. 

Richest Musicians In Africa
Black Coffee
  • 2. Black Coffee 

Estimated Net Worth: $60 Million 

Black Coffee, the South African musician whose real name is Nkosinathi Maphumulo, is the second wealthiest music artiste on the continent of Africa. He has a net worth value of $60 million. He grew up in the Eastern Cape Province, and found his music breakthrough there in his city. Black Coffee’s rise to fame and wealth is nothing short of meteoric. While he may not be popular in West Africa, he is absolutely phenomenal in Southern and Eastern Africa, and widely celebrated in America where he also has a lot of fans. 

Black Coffee is a holder of numerous awards and plaques; he rules in the South. He revealed his talent in 1995 and since then has gone on to release 5 albums under his own label. He made significant growth  in the year 2004 when he was chosen for Red Bull Music Academy which was held in Cape Town. By the year 2005, he had won the “Breakthrough DJ Of The Year” award at the DJ Awards in Ibiza. 

Richest African Musician
Davido
  • 3. Davido 

Estimated Net Worth: $24 Million

David Adedeji Adeleke popularly known as Davido leads the Nigerian contingent which threatens from the point on to suffocate all others out of the list. He was born in Atlanta, Georgia, but grew up in Nigeria. Davido has achieved success on a scale that must impress even his biggest haters. His songs are widely popular, not only in Nigeria, but throughout English speaking Africa. Davido has sold out the O2 Arena in London, and has effectively broken into the American music scene, with songs which he has done, featuring American superstars like Chris Brown.

Davido is the Chairman of OBO Music Group, and his label is already one of the foremost music brands in Nigeria.  He has many talents under his wings, and is poised to do greater things. Davido has many nominations, awards, and profitable endorsements. He is a member of the Adeleke family of Ondo State, and they have industries, and political influence. 

Wizkid
Wizkid
  • 4. Wizkid 

Estimated Net Worth: $20 Million 

Ayo Balogun AKA Wizkid, or Wizzy is perhaps the hottest Nigerian artiste since Tuface Idibia. He is a Lagos native, and was born in Surulere. Wizkid is a successful songwriter and singer by any standard. He has bagged Top Hot 100 song, Top R&B Song and Top R&B Collaboration awards. Wikzid gets his music from the streets and his music resonates with the people. His fanbase cuts across most of Africa, and he is very popular in asia.

In 2019 Wizkid received nearly half a million dollars to perform at a royal palace in India. Subsequently, he performed a song with the queen of music herself; Beyonce Knowles. He was discovered and groomed by Empire Mates Entertainment (E.M.E) CEO Bankole Wellington in 2009. He however decided to make the moves on his own with the creation of Star Boy Records. Today, he is considered the king of Nigerian music, and has a vast array of young talents under his wings. He has endorsement deals with so many brands including Pepsi. 

Don Jazzy
Don Jazzy
  • 5. Don Jazzy 

Estimated Net Worth: $10-15 Million 

 Michael Collins Ajereh, who is popularly known as Don Jazzy, comes in next with an estimated net worth around $10 -$15 million. Don Jazzy’s love for music started when he was just a child in church. He later moved to the UK and began his journey up the career ladder. He came back to Nigeria and started a music label called Mo Hits in collaboration with long time friend Dapo Oyebanji AKA D’banj.  Mo Hits became successful, and Don Jazzy became a famous talent scout and producer, with various successful artistes under his wings. The Label was liquidated after a feud with D’banj, and Don Jazzy emerged with Mavin Music. 

Don Jazzy continued from where he stopped, and has a new crop of talent constantly terrorizing the airwaves, and selling out arenas. His current net worth, according to some sources is put at $10 million dollars, but other put it as high as $20.  He is not just into music; Don Jazzy is a seasoned entrepreneur, marketer, and real estate dealer.

  • 6. Burna Boy

Estimated Net Worth: $10-$14 Million

Burna Boy, from rivers state, is Nigeria’s biggest music export at the moment. He is also the hottest musician in Africa in recent times and one of the richest musicians in Africa. He was born in the U.K, but grew up in Nigeria, and was blessed to come from a musical family. His bass voice is unique, and he performs like the modern day version of Fela Anikulapo Kuti. He is popularly known as African Giant, after an album he recently released in which he basically toured much of Africa, and featured interesting aspects of her culture in his songs.

As of today, Burna Boy is busy selling out arenas all over the world, and getting Grammy nominations. Furthermore, artistes from the U.K as well as other parts of the world are busy lining up to feature Burna Boy. It seems like he is more appreciated in the United Kingdom than in Nigeria. Endorsement deals are all over the place, and the money is piling up to the ceiling. If he can keep this up he will soon top this list, no doubt about it.  

  • 7. Timaya  

Estimated Net Worth: $8 Million 

Timaya won the hearts of Nigerians when he released Dem Mama in 2005. In that song he lamented the destruction of Odi Village in his native Bayelsa state. He stated that the Nigerian Army had invaded that small riverine community, killing everyone in sight, including old women. That song effectively made Timaya’s career, and today he is one of the richest musicians in Nigeria and Africa. He founded DM Records Limited. Today he is also a talent manager, and executive record producer.

  • 8. Sarkodie 

Estimated Net Worth: $7 Million

Sarkodie is a Ghanaian rapper of world class repute and of the richest musicians in Africa. He loves to rap in his native twi language, but how that has made him famous in Nigeria, all over Africa, and even the western world is a mystery. He has this bounce, this rhythm, and this movement that make him a joy to watch when he performs.

Sarkodie is so famous that everybody wants to feature him on a song. His real name is Michael Owusu Addo, and not just is he a rapper, but he is an African sensation. He gains millions of views on Youtube. The first single from his fourth album, “Mary,” recorded about 4,000 copies on the release day. Although those are fairly modest figures, he went to become a massive success. In 2013, his clothing line appeared. He also founded a music label, and has therefore added talent manager and executive producer to his profile. 

  • 9. Tinashe

Estimated Net Worth: $6 Million 

Tinashe is Zimbabwean musician who is based in America. As a matter of fact she can claim 3 nationalities: America, Denmark, and Zimbabwe because she was born in the United States to a Dane mother and Zimbabwean father. Her life has always been somehow connected with music. As a child, Tinashe was a model. Her first album became a real sensation partly because she is quite talented, and also because she has been aggressively managed. Tinashe is the ambassador of several brands.

  • 10. Jidenna

Estimated Net Worth: $3 Million

Afro Pop star Jidenna whose real name is Jidenna Theodore Mobisson was bron in Winsconsin, USA, and is from Imo State, Nigeria. He is a rapper, singer, and song writer. He has been nominated for the Grammy awards. His music is distributed by Epic Records, although he is signed to Wonderland Records. Jidenna has not forgotten home; he has done a number of tours in Nigeria, as well as released a few songs in the country as well. Furthermore, Jidenna is brand ambassador for Nigerian brands, and openly supports the Nigerian football team. He is estimated to be worth around 3 million dollars making him one of the richest musicians in Africa.

Conclusion:

Patronage for musicians depends largely on the state of the economy. The bigger economies usually produce the richest musicians as you might have seen from this list. That does not mean that other musicians who are not listed here are not talented enough to make the list; it is just that they may not have a market that is large enough. 

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