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Top 20 Richest Musicians in Africa 2023 (Updated)

Top 20 Richest Musicians in Africa 2023 (Updated). In this article, You will see Top 20 richest musicians in Africa and their net worth in 2023.

Richest Musicians in Africa

The Music Industry in Africa has seen some Musicians grow from nothing to something in over a year and has helped some improve their financial statuses. From releasing hit singles to headlining concerts that have thousands of participants from all over Africa, the Music industry is constantly evolving.

From the early 2000s till the present, African Musicians have become a force to reckon with in the music scene internationally. From collaborating with local stars to even collaborating with international stars, African Musicians are not relenting and some are even competing with other Musicians on a global level. Africa has 54 countries existing in its continent, but it will interest you to know that the Entertainment industry in Africa, most especially the music industry is being dominated by some particular countries. This does not subtract from the fact that other countries are not putting in the work in the industry.

Today’s article takes a look at the top 20 richest Musicians in Africa, and also their cars and net worth. If you are on a list for the top 10 Musicians in a continent, it means that you are living a life of opulence. This article no doubt shows that indeed opulence should be desired.

The top 20 richest Musicians on this list were not identified randomly but were listed by Forbes as the richest Musicians in Africa. Some Musicians featured on the list from Forbes are from Angola, Nigeria, South-Africa, Zimbabwe, and a few.

This article will be focusing on the top 20 richest Musicians in Africa, their net worth, and the cars they own in 2023.

Top 20 Richest Musicians In Africa 2023

1. Youssou N’Dour

Youssou N’dour is number one on our list. He is the richest African musician in 2023. His mind-blowing net worth of $145 million was amassed from his use of his unique voice and the popularization of mbalax which is a well-known Senegalese music genre.

He was born on October 1, 1959, and is a Senegalese singer, composer and songwriter. He has also done a stint as an actor, has dabbled into politics and runs a business.

The strong footing which Youssou has in Senegalese music as well as his ability to infuse stories into his music are some of the qualities that endear him to music lovers.

His career as a musician started off when he came to limelight in 1972 for singing a heartrending tribute song to Late Papa Samba Diop, a leader of a famous Senegalese band in Dakar. Youssou was just 13 years old and had been in street theatre for 2 years. That song which he came up with impromptu right there at the Saint-Louis Stadium, earned him the love and admiration of many music enthusiasts in Senegal and from there his fame and wealth grew.

2. Akon

Real Name: Aliaume Damala Badara Akon Thiam
Age / Date of Birth : 16, 1973
Net Worth: an estimated $80 Million
Marital Status: Married (Akon’s wife – Tomeka Akon)
Record Label: Konvict Muzic
Occupation: CEO Konvict Muzic/Artist/Songwriter, Record Producer
Country of Origin/Nationality: Senegal/United States

For many years, Akon has featured among the world’s most acclaimed musicians. Significantly and through the influence of his blockbuster albums believed to have recorded more than 35 million sales, his fame continually swirls across and beyond Africa. Besides the mouthwatering returns he earns through endorsements and album sales, Akon has dignified his music gallery with a total of 45 Billboard Hot 100 songs and lots of awards. Furthermore, he has appeared in remarkable nominations –particularly his presence on the list of Grammy Award nominations for a total of 5 times. As his fame and massive success distinguish him as Africa’s richest musician, Akon is presently worth $80 million.

3. Black Coffee

Real Name: Nkosinathi Maphumulo
Age / Date of Birth: 11 March 1976
Net Worth: $60 Million
Record Label: Soulistic Music
Post: Record Producer / DJ
Country of Origin: South Africa

Going by the birth name Nkosinathi Maphumulo, Black Coffee is not only a legendary South African musician but also one of the prestigious musicians Africa presently boasts of. Prior to his return to KwaZulu-Natal –his place of birth –in order to make music his course of study, Black Coffee spent years in the Eastern Cape where he apparently grew up. Within and beyond South Africa, Black Coffee has made music the main factor behind his immense fortune and great wealth. Owing to this, he is considered one of the richest musicians in South Africa with his net worth presently hanging around $60 million.

4. Davido

Real Name: David Adedeji Adeleke
Age: 21st November 1992
Net Worth: $35 Million
Record Label: DMW, RCA, Sony
Occupation: CEO DMW / Music Artiste
Country of Origin: Nigeria

Davido is undoubtedly one of the hottest Nigerian pop stars who has been ranked high on the international floor. His music success came way back in 2011, precisely through the influence of his spectacular release –Dami Duro. Davido, who is associated with a wealthy lineage, maintains that his wealth is self-made and a product of his vigorous presence in the world of music. Like some other Nigerian artistes, Davido has added many prestigious awards to his name. Among these awards is The Headies Awards. At the moment, the Nigerian superstar is worth $35 million.

5. Wizkid

Real Name: Ayodeji Ibrahim Balogun
Age: 16th July 1990
Net Worth: $35 Million
Record Label: Starboy
Occupation: CEO Starboy / Music Artiste
Country of Origin: Nigeria

Here is one of Africa’s hottest hip-hop stars. Wizkid –going by the birth name Ayodeji Ibrahim Balogun –is a Nigerian singer born in 1990. Since he swirled into great popularity in 2011, Wizkid has progressively made waves especially through his mega endorsement deals (with giant brands such as MTN, Pepsi, etc), costly charges per musical show, and beautiful record sales. He has strengthened his achievements as the owner of Starboy Entertainment –one of the top record labels in Nigeria. Furthermore, Wizkid is one of the musicians who has garnered much recognition by bagging numerous awards and appearing in exclusive musical nominations. As of now, the star artist is declared to be worth $35 million.

6. Don Jazzy

Real Name: Michael Collins Ajereh
Age / Date of Birth: 26 November 1982
Net Worth: $30 Million
Record Label: Mavins Record { Supreme Mavin Dynasty }
Occupation: CEO of Konvict Music/Artist/Producer
Country of Origin/Nationality: Nigerian

Don Jazzy is well known as a singer and producer. Very impressively, he dominates Nigeria’s music industry as the country’s richest musician. Going by the birth name Michael Collins Ajereh, Don Jazzy has been making waves for a long period and prominently, he has featured with notable superstars within and outside Nigeria. Taking a look at his music career, Don Jazzy began music during his childhood, and through his devotion to music, he eventually relocated to Britain where he proceeded with his music career. As of now, his net worth stands at $35 million.

7. Sarkodie

Real Name: Michael Owusu Addo
Age / Date of Birth: 10th July 1988
Net Worth: $7 Million Dollars
Record Label: Sarkcess Music
Occupation: Music Artiste / Rapper
Country of Origin: Ghana

Actually, the contemporary Ghanaian music industry might seem boring if Sarkodie’s name is excluded from the clique of notable artists. Meanwhile, Sarkodie is seen as the main factor behind the great focus on Ghana’s contemporary music. Sarkodie has obviously reached an unrivaled milestone and this has ranked him high as a youth ambassador with presidential status. Besides music, Sarkodie has contributed largely to the welfare of many Ghanaian children who dwell in poverty and homelessness. Significantly, Sarkodie carries on this philanthropic contribution through his Sarkodie Foundation. Also noteworthy, Sarkodie has doubled up his wealth outside music and this comes with the help of his business dealings including his Sark clothing.

8. Tinashe

Real Name: Tinashe Jorgensen Kachingwe
Net Worth: $6 Million
Record Label: ROC Nation, RCA

Tinashe is one of the impressive female characters in the music industry, worth 6 million dollars. Only at a tender age, her sonorous voice gave her the courage to sing impressively. Since she marked her debut with her performance in Cora Unashamed –a film in the year 2000 –Tinashe has remained a vibrant and successful artiste. As a sonorous quality, Tinashe’s voice is much admired and this made it feature in The Polar Express –a cartoon movie. In the cartoon movie, Tinashe’s vocals were featured together with star actor Tom Hanks.

9. Hugh Masekela

Real Name: Hugh Masekela
Age / Date of Birth: 4 April 1939
Net Worth: $1.5 Million
Record Label: Mercury, MGM, Uni, etc.
Post: Composer, Singer, Trumpeter, Flugelhornist
Country of Origin: South Africa

Witbank-born Hugh Masekela is classified as one of Africa’s richest musicians. Just behind Black Coffee –his South African counterpart –Hugh Masekela rocks South Africa’s music industry with constant releases. Meanwhile, the sparkling artiste has over 43 albums in his music gallery. Likewise, he is part of the notable musicians who have collaborated with artists such as Miriam Makeba, Stevie Wonder, Paul Simon, late Fela Kuti, Mavin Gaye, The Byrds, and Dizzy Gillespie.

10. Jidenna

Real Name: Jidenna Theodore Mobisson
Date Of Birth: May 4th, 1984
Net Worth: $1Million
Country Of Origin: Nigeria/American

Jidenna is a native of Nigeria worth 1 million dollars. His musical ambit –which largely spans across the United States of America with recognition from a huge audience –has distinguished him as one of the Nigerians making waves with music outside the country. At a tender age, Jidenna –going by the birth name Jidenna Theodore Mobisson –was passionate about making music his path into the limelight. However, young Jidenna was extremely scared of disclosing this to his father who was keen on seeing his child become an engineer.

11. P Square

Real Name: Peter and Paul Okoye
Age / Date of Birth: 18 November 1981
Record Label: Square Records
Occupation : Music / Artist / Producer
Country of Origin: Nigeria

P Square is an impressive duo of twin brothers who have been making waves for a long period. Undoubtedly, the two brothers –going by the birth names Paul and Peter Okoye –are part of the richest and most acclaimed Nigerian musicians. Apart from their presence in Nigeria’s music industry, the two brothers have emerged into the international music scene and earned much enthusiasm from the foreign audience. P Square maintains Square Records as its record label and within and beyond Africa, the two brothers have magnified their reputations with their high-selling songs. Meanwhile, Peter Okoye and Paul Okoye make the largest portion of their massive wealth from their costly musical shows (estimated at $150,000 for each show), their mega endorsement deals, and the sumptuous sales generated from their fast-selling songs. At the same time, P Square is regarded as a mixture of two brotherly characters whose musical splendor triggers enthusiasm from the international audience.

12. D Banj

Real Name: Oladapo Daniel Oyebanjo
Age / Date of Birth: 9 June 1981
Record Label: Kanye West’s Good Music
Occupation: Artist/Songwriter /Harmonica player
Country of Origin: Nigeria

Going by the birth name Oladapo Daniel Oyebanjo, D Banj is popularly dubbed Koko Master and since he came into limelight as a musician, he has frequently featured among Nigeria’s richest musicians. Since he stormed the music scene with his widely acclaimed and blockbuster song “Why Me?’’, D Banj’s name has remained a spectacular mention in the music industry. Undoubtedly, he is of great calibre as a musician and many of his songs have yielded massive returns. Most significantly, D Banj makes beautiful sums of money through his endorsement deals with mega-brands within and outside Nigeria. Likewise, as a prolific songwriter and vibrant singer, D’ Banj maintains a record label titled Kanye West’s Good Music. As regards the significance of his musical talent, D’Banj’s fortune has drawn him into a milestone of over 4 million album sales. Meanwhile, his albums are still selling fast within and beyond Nigeria.

13. 2Face Idibia {Tuface}

Real Name: Innocent Ujah Idibia
Age: 18th September 1975
Record Label: Hypertek Digital Entertainment
Occupation: CEO Hypertek / Music Artiste
Country of Origin: Nigeria

Born Innocent Ujah Idibia; 2Face is a long-standing Nigerian hip-hop star who apparently came into the limelight with the release of “African Queen’’ –a hit song widely acclaimed within and beyond Africa. Meanwhile, 2Face happens to be one of the oldest Nigerian hip-hop stars who is still making great waves with their songs. Currently, 2Face Idibia maintains his soaring prominence as the CEO of Hypertek with the record label Hypertek Digital. Factually, 2Face has achieved a legendary feat through the millions of sales he makes from his music. Likewise, the star musician makes lots of money from his musical shows as he may be paid a sum of $50-80,000 per show. To double up his presence in music, 2Face associates himself with a number of investment dealings, particularly in real estate.

14. Koffi Olomide

Koffi is greatly classified as one of the remarkable Congolese artists. He shows apparent versatility by combining artistic skills encompassing songwriting, dancing, music production, and singing. His music career has earned him seven albums so far and he has contributed largely to the advancement of music. Through his efforts, he was able to set up the Quartier Latin International orchestra and this comprises remarkable music stars such as Ferre Gola and Fally Ipupa. Like some other artists on this list, Koffi is an award-winning artist who has included numerous notable awards in his gallery. Among these awards is the Best African Artiste of The Decade –an award segment under the Kora Awards. Likewise, Koffi –who is popularly dubbed Mopao earns his money through various sources including his dignified musical shows. For each show, the Congolese superstar requests to be paid a sum of 100,000 euros.

15. Salif Keita

This Malian happens to be one of the legendary artists ever churned out by his country. As a songwriter and singer whose music genre encompasses pop and Afro, Salif Keita is believed to have fashioned out some of the best memorable Malian songs. Particularly with the help of Moffou –one of his blockbuster songs –Salif Keita has earned great enthusiasm from the Malian audience. Over and above this, the legendary Malian superstar was once nominated for Grammy Awards. Like several other reputable musicians, Salif Keita is endowed with numerous assets commonly found in Europe.

16. Fally Ipupa

Fally Ipupa is another notable Congolese artiste. His presence on the music scene specifies him as a songwriter cum singer. Significantly, he is largely acclaimed for transforming Lingala music into a contemporary genre. Prior to Fally Ipupa’s individual career, he served as one of the musicians within Quartier Latin International –a music band formed by Koffi Olomide. Fally Ipupa has encountered great fortune as a musician and significantly, his massive wealth largely results from his performances at concerts and his presence on the payrolls of endorsement brands.

17. Banky W

Real Name: Olubankole Wellington
Age/Date of Birth: 21st March 1981
Record Label: EME ( Empire Mates Entertainment )
Post: Ceo EME/Music Artist/Producer
Country of Origin: Nigeria

Banky W is one of the hottest R&B artists Africa boasts of, also one of the richest musicians in Africa presently. He is a native of Nigeria and his prominence has swirled beyond the borders of his country. He is associated with mega endorsement deals from which the largest portion of his wealth gushes. Among the giant brands he has endorsements with are Samsung Mobile and Etisalat Nigeria. As an internationally acclaimed musician, Banky W –alongside several other hot Nigerian stars –has bagged numerous awards. Apparently, people began drawing attention to Banky W following his first release widely regarded as an imitated version of a song by Rihanna.

18. Jose Chameleone – $6 million

Real name: Joseph Mayanja
Date of birth: 30th April 1979
Age: 43 years (as of 2023)
Nationality: Ugandan

Who are the richest musicians in Africa? Jose Chameleone, a Ugandan singer with a net worth of $6 million, is one of them. He is known for his powerful voice. He started his music in the 1990s and was one of the first artists to be signed with Ogopa DJs in Kenya. His music blends the zouk, reggae, rhumba, and Ugandan folk music genres. Besides singing, he runs a music label called Leone Island Music Empire.

Jose Chameleone has a luxurious home in Seguku Hill off Entebbe road, Uganda. He also owns multiple Range Rovers.

19. Diamond Platnumz – $7 million

Real name: Nasibu Abdul Juma Issack
Date of birth: 2nd October 1989
Age: 32 years (as of 2023)
Nationality: Tanzanian

Diamond Platnumz is a household name on the continent. He has released numerous songs and is the founder of WCB Wasafi Record Label. The Tanzanian musician has a net worth of $7 million, which he has made from his successful music career, brand endorsements, and music production.

The Tanzanian singer owns two Cadillac Escalades, a Rolls Royce, BMW and Toyota V8. He has a home in Mbezi Beach, Dar es Salaam, Tanzania.

20. Akothee – $10 million

Real name: Esther Akoth Kokeyo
Date of birth: 8th April 1981
Age: 41 years (as of 2023)
Nationality: Kenya

Akothee is the wealthiest female musician in East Africa, with a net worth of $10 million. Besides music, she is known for her business acumen. She is the founder and CEO of Akothee Safaris and Aknotela. Some of her most popular hits include Sweet Love featuring Diamond, Oyoyo featuring McGalaxy, New Dance featuring Oc, and Give It to Me featuring Flavour.

Singer Akothee owns homes in Migori, Mombasa, Nairobi, and Switzerland. Her car collection features a Mercedes Benz SLS McLaren, Range Rover Overfinch, Toyota Land Cruiser, Toyota Prado, Ferrari Spider, Toyota Hilux, and Rolls Royce Phantom.

Who is the richest musician in East Africa?

The wealthiest artist in East Africa is Akothee, with an estimated net worth of $10 million.

Who is the richest musician in Kenya?

Akothee, a female artist and entrepreneur, is the wealthiest artist in East Africa.

Who is the richest musician in Nigeria?

The richest musician in Nigeria is 2 Face Idibia, with a net worth of $22.2 million.

How much is Wizkid worth in 2023?

Wizkid’s net worth in 2023 is $35 million.

The richest musicians in Africa have attained their financial status from multiple streams, including successful music careers, brand endorsements, and business ventures. Their impact on the music industry is indisputable.

Top 10 Richest Musicians In Africa 2021 (Picture)

Top 10 Richest Musicians In Africa 2021

Conclusion

And those are the top 20 richest musicians in Africa 2023. It is most likely that your favorite musician made it to the list. Fame is one thing that runs with wealth and these musicians have both. Their hard work has earned them financial success. The list includes actresses who have featured in numerous productions and are household names in the industry.

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Top 20 Richest Musicians in Africa 2023 (Updated)