Forbes present to you the official Top 10 list of the richest musicians from the African continent.Like most entertainment industries in the World,income earnings are generated through song recordings, TV right and other commercial sales and endorsement deals, which sum up to give an actual net worth of an entertainer.
However,it’s not different in Africa, there are lots of wealthy artist in Africa, some of whom engaged in entrepreneurial activities.Most persons when asked of the richest artist in Africa, they will opt for those whose songs and name is mostly heard of,or those most famous in their region, but there’s more to that.Artist who successfully through music have become rich today are those ones who have over the years been consistent, which helped them generate sufficient income over time and years.
Africa is home to a significant number of talented singers and rappers, performers, who are making their marks all over the world and are well recognized.
When the thoughts of the richest African musician comes to your mind,who do you always think of? Most people will go for those artists doing well in the industry at that moment, but it’s far from that aspect.
The African music industry is highly competitive and one of the best in the world, so to thrive in it,you have to put in extra work.
Artists who have been longer in the industry tends to earn more,while those who have gone global amassed more resources for themselves.
Artists on this list are those who have done exceptionally great over the years in their musical careers.
FORBES TOP 10 RICHEST AFRICAN MUSICIANS.
1) Youssou N’Dour-$145 million
He is a Senegalese singer,songwriter, composer,occasional actor, businessman and politician, he was born 1st October 1959.
He is the first on the list with an estimated net worth of $145 million. His real name is Youssou Madjiguene Ndour,he is from Senegal, a country located in West Africa. He started his musical career at a very young age (12),He once performed with the Star Band,Dakar’s most popular group in the 70’s,and was once described as the most famous singer alive in Senegal for his great achievements as an artist.
His fame and fortunes over the world is over whelming,he owns the biggest media house in Senegal with radio and TV stations, and has vast investments in real estate.As such he is Forbes richest musician in Africa.
2) Akon – $80 million.
Aliaume Damala Badera Akon was born 16th April 1973,he is a Senegalese-American singer,songwriter, an entrepreneur and an actor.
He has been in the entertainment scene for a very long time,and he’s well known over the world. He has over the years accumulated lots of wealth and fortunes, through investments and music, and he is currently ranked as the second richest artist from Africa with a net worth of $80 million.
The singer owns two music labels, which are among the biggest globally, with the likes of T-Pain and Lady Gaga signed under it.The singer has sold out more than 35 million albums, with 45 of his hit songs hitting the Billboard hot 100 songs list.He has been nominated for the Grammy awards 5 times and has won multiple other international awards.
3) Black Coffee – $60 million.
Black Coffee born on the 11th of March 1976,in Umlazi,South Africa is a south African musician,and the richest south African artist and the third richest in Africa.
He may not be popular in West Africa, but he is a king in the south, and a very popular figure abroad. He started his musical career in 1995,has five albums to his name.
He owns exotic cars like Mercedes Benz CA station Wagon, CLK Mercedes, Bentley and Maserati and also a private jet.
4) Davido-$40 million
Davido Adedeji Adeleke is a Nigerian singer and songwriter, born 21st November 1992,in Atalanta Georgia U .S.A.He is a famous figure in the African music scene, he has many local and international awards and nominations to his name,and one of the greatest afro beats star in the World.According to Forbes his music label DMW also contribute a very substantial amount to his $40 million net worth.
5) Wizkid – $30 million.
Ayodeji Ibrahim Balogun aka Wizkid was born 16th June 1990,he is a versatile Nigerian singer and songwriter. Currently he is the most decorated Nigerian artist.
He has an estimated $30 million net worth, he is a Billboard top hot 100 song holder,Top R&B song and Top R&B collaboration awards.
His first stinct as an artist was in 2009,when he was signed into the Empire Mates Entertainment (EME),after leaving the record label in 2013,he established his own record label called Starboy Entertainment. His income is gotten mainly from music, endorsement deals and promotions.
6) Don Jazzy – $17.5 million.
Michael Collins Ajareh popularly known as Don Jazzy was born 26th November 1982.He might not have a song of his own but his prowess in producing, writing, performing songs, entrepreneurship and talent discovery is enormous, which makes him the third richest artist in Nigeria and the sixth wealthiest in Africa. He has won numerous awards and has many endorsement deals from multi-national companies,including being a brand ambassador to MTN.
He has discovered and signed a good number of superstars into his music labe Mavin records, with the likes of Korede Bello,Rema,Crayon,Ayra Starr, and many others coming through his ranks.He is the founder and CEO of Mavin records, which is one of the biggest music label in Africa, he also owns Mavin energy company.
7) Rudeboy -$16 million.
Paul okoye popularly known as Rudeboy (Of the defunct Psquare) was born 18th November 1981,is among the richest artist in Africa despite split with brother.
Psquare had an estimated net worth of $150 million before their separation in 2017,after they both went their separate ways,Rudeboys personal net worth is now at $16 million. He has many fancy and exotic cars and a mansion in Parkview estate in Lagos,Nigeria.
8) 2Baba – $15 million.
Innocent Ujah Idibia popularly known as 2Baba was born 18th September 1985,he is a Nigerian singer,songwriter,actor and record producer.He once belonged to the R&B group the Plantashun Boyz.
He became famous after his 2006 solo single titled “African queen”, ever since,he has produced over seven albums to dateand has won over 40 awards. He was appointed a brand ambassador to the National Agency For Food And Drugs Administration And Control (NAFDAC) in 2009.In 2020,he was appointed as the regional Goodwill ambassador for UNHCR,the UN refugee agency for his humanitarian efforts. His endorsement deals with Guinness brands fetch him a whopping $125,000 and Airtel deal earn him $139,000.He is considered as one of the most successful Afro Pop artist in Africa.
9) Mr P – $11 million.
Peter Okoye popularly known as Mr P was born 18th November 1981,he is a twin to Rudeboy, and a former member of the defunct Psquare.He is a singer,dancer,entrepreneur, and a brand influencer.He owns luxurious cars and houses, his net worth is valued at $11 million.
10) D’banj – $11 million.
Dapo Daniel Oyebanjo aka D’banj aka the koko master is a Versatile Nigerian singer, songwriter,entrepreneur and a television personality. He was born 9th June 1980,he has won numerous awards both locally and international and was the first African artist to be signed under ” Good Music Label” owned by American rapper Kanye West.
He was paid a whopping $1 million for his reality TV show “Koko Mansion” by a TV station, he also has endorsement deals with many brands.He is Forbes tenth most wealthiest African artist.
FORBES TOP 10 RICHEST AFRICAN MUSICIANS. FULL LIST.
1) Youssou N’Dour – $145 million (Senegal)
2) Akon – $80 million (Senegal/US)
3) Black Coffee-$60 million (South Africa)
4) Davido-$40 (Nigeria)
5) Wizkid-$30 million (Nigeria)
6) Don Jazzy-$17.5 million (Nigeria)
7) Rudeboy-$16 million (Nigeria)
8) 2Baba-$15 million (Nigeria)
9)Mr P- $11 million (Nigeria)
10) D’banj-$11 million (Nigeria).
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