Nigeria music industry experienced a boom during the 2010s, with the emergence of various genres, including Afrobeat, Afropop, and Naija hip-hop.
However, Afrobeat which started in Nigeria becomes very popular not only in the country but other Africa countries too.
These various music genres that contributed to the rich and diverse musical landscape of the country.
The popularity of a specific genre often varied, and multiple styles coexisted. Below are the top richest artists in Nigeria from 2010 to 2020:
1. Wizkid: Wizkid, born Ayodeji Ibrahim Balogun, emerged as one of Nigeria's most successful and internationally recognized artists. His hit songs such as “Ojuelegba,” “Fever,” and “Soco” contributed to his rise to fame.
Wizkid's collaborations with international artists and endorsement deals with major brands significantly added to his financial success.
2. Davido: David Adeleke, popularly known as Davido, gained prominence with his debut single “Dami Duro” and continued to dominate the Nigerian music scene throughout the decade.
Hits like “If,” “Fall,” and “Blow My Mind” featuring Chris Brown contributed to his wealth. Davido's successful record label, DMW, and various business ventures also played a role in his financial success.
3. Burna Boy: Burna Boy, whose real name is Damini Ebunoluwa Ogulu, rose to international acclaim with his fusion of Afrobeat, dancehall, and reggae.
His albums, “African Giant” and “Twice as Tall,” received critical acclaim and contributed to his success.
Burna Boy is recognized globally and endorsement deals bolstered his financial standing.
4. Don Jazzy: Don Jazzy, the renowned music producer, and entrepreneur continued to play a pivotal role in the Nigerian music industry during this period.
Although he transitioned from Mo'Hits Records to Mavin Records, he remained a key figure in the industry and continued to earn from his productions and business ventures.
5. Tiwa Savage: Tiwa Savage, often referred to as the “Queen of Afrobeats,” enjoyed considerable success during the 2010s.
Hits like “Kele Kele Love” and “All Over” showcased her vocal prowess.
Tiwa Savage's international collaborations and endorsement deals with major brands contributed to her financial success.
6. Olamide: Olamide Adedeji, known as Olamide, is a prolific rapper and singer who gained popularity with his indigenous Yoruba rap style.
His numerous hits, including “Eni Duro” and “Wo,” made him a mainstay in the Nigerian music scene. Olamide's consistent output and business ventures added to his financial success.
7. Phyno: Phyno, born Chibuzor Nelson Azubuike, made a mark in the Nigerian music industry with his unique blend of Igbo rap and contemporary sounds.
Hits like “Fada Fada” and “Connect” contributed to his success. Phyno's influence extended beyond music, as he also ventured into acting and other business endeavors.
It's important to note that the financial success of artists during this period was not solely derived from music sales but also from endorsements, shows, and other business ventures.
Additionally, the Nigerian music industry has continued to evolve, with new artists rising to prominence in subsequent years.
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