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Top Richest Musicians in Africa and Their Net Worth

PublishedBy: in Entertainment Networth


Africa is a top contributor to the music industry and some of the African richest musicians below made it possible with hard work and determination. With wealth and fame gathered, these African richest musicians have changed and influenced many lives. Below is the list of the .

List of the Richest Musicians in Africa

1. Akon

Net Worth – $85 million

Akon as popularly called by fans is currently the richest musician in Africa with a net worth of $85 million. The popular rapper and musician who was born on the 16th of April in 1973 is from Senegal in Missouri State.

He owns the Konnet Music record label where he signed Lady Gaga; one of the richest musicians in the world and T-pain. No doubt, he's the best musician in Africa as he has been featured in the Guinness Book of World Records as the number 1 best-selling artist.

The African richest musician came into the limelight after the release of his single “Locked Up” in the album Trouble”. He has sold over 35 million albums both locally and internationally.

Apart from being a rapper; Aliaume Damala Badara Akon Thiam  (full name) is a record producer, actor, and businessman. With a net worth of $85 million, Akon is one of the richest artists in Africa.

2. Black Coffee

Net Worth – $60 million

Black Coffee is another richest musicians in Africa with a net worth of $60 million. The richest African musician bears Nkosinathi Innocent Maphumulo as his real name. He was born on the 11th of March in 1976 in Durban, KwaZulu-Natal in South Africa.

Black Coffee is currently the richest musician in South Africa and the 2nd richest musician in Africa. His main source of income comes from his work as a DJ, record producer, and singer.

He also owns the Soulistic Music record under which most of his albums are produced. Even though he is not famous among Nigerians he is popular Internationally. The richest musician in South Africa becomes popular after he participates in the Red Bull Music Academy in Cape Town in 2004.

3. Wizkid

Net Worth – $20 million

Ayodeji Ibrahim Balogun who was born on 16th July 1990 at Surulere in Lagos State, Nigeria is the current richest musician in Nigeria. He is mostly referred to as Wizkid or even star boy by fans.

The 3rd richest musician in Africa is a talented songwriter/Singer and the 2nd best musician in Africa. He is currently the owner of the Starboy record label and has been signed to other labels like Sony and R.C.A label. Wizkid who started singing at the early age of 11 became popular and famous after his debut studio single “Holla at Your Boy” Since then he has collaborated with some of the richest musicians in the world including Beyonce, , and others.

Almost everyone can attest to the fact that Wizkid is the richest Nigerian musician! Should we talk about his huge fans, assets, record sales, or even endorsement deals?


Net Worth -$19 million

Davido is the 2nd richest musician in Nigeria. David Adedeji Adeleke as he is called officially was born on 21st November 1992 in Atlanta, Georgia in the U.S. The self-tagged Omo Baba Olowo(OBO) who comes from a wealthy family is a Nigerian singer, songwriter, and record producer.

Despite being from a wealthy home, he maintained and produced top-rated albums and songs which fetched him many endorsement deals and record sales as a result of his huge fans. These factors contributed to him being of the richest musicians in Africa.

Davido owns his label record Davido Music Worldwide(D.M.W) and also got signed to record labels also including Sony and R.C.A.

5. Don-Jazzy

Net Worth – $18 million

Don Jazzy Net Worth is estimated to be $10 million which makes him one of the richest musicians in Africa. The Mavin Record Boss who bears Michael Collins Ajere officially is from Umuahia in Abia State. He was born on 20th November 1982.

He's currently the 3rd richest musician in Nigeria on the list and also The Richest and Best Music Producers in Nigeria. He has collaborated with many best musicians in Nigeria including Tiwa Savage, Korede Bello, and Reekado Banks who he also signed to his Record label, Mavin. Like every other richest musician in Africa, Don Jazzy has bagged many endorsement deals with top brands.

6. Sarkodie

Net Worth – $7 million

Michael Owus Addo who is popularly known as Sarkodie is the richest musician in Ghana. The richest African musician was born on 10th July 1985. Sarkodie's net worth is estimated to be $7 million.

Sarkodie also owns a record label which he named Sarkcess Music and also co-owns a foundation; Sarkodie Foundation. Owing to his successful career, Sarkodie is a youth ambassador in Ghana and has collaborated with many richest Nigerian musicians including Davido, 2baba, Banky W, Timaya, and even Tiwa Savage.

7. Tinashe

Net Worth – $6 million

Tinashe Jorgensen Kachigwe who goes by the stage name Tinashe is a model, songwriter, singer, film producer/director, record producer, and dancer. The Zimbabwe female musician is the only female on our list of richest musicians in Africa.

She started as a model at an early age before graduating as an award-winning actress. Even though not popular as a musician, she's among the richest African musicians.

8. Hugh Masekela(late)

Net Worth – $1.5 million

Hugh Masekela is one of the oldest and richest African musicians. Hugh Masekela is the 2nd richest musician in South Africa. He was born on the 4th of April, 1939, and ventured into music as early as 1962 till 2016.

He's a composer, singer, flugelhornist, and trumpeter. Recently, Google honors him with a Google Doodle for being an influential and richest artist in Africa

9. Jidenna

Net Worth – $1 million 

Jidenna Theodore Mobisson is a Nigerian American singer and is the 9th richest musician in Africa. He's also the 4th richest Nigerian musician on our list. His father is from Nigeria while his mother is an American. Jidenna is a rapper, singer, songwriter, and producer.

10. Tuku

Net Worth – $1 million

Oliver Mtukudzi popularly called Tuku is the last African richest musician on our list of the 10 richest musicians in Africa. The Zimbabwe-born singer was given birth on 22nd September 1952.

He's one of the most successful and richest musicians in Zimbabwe with over 55 albums to his name. Apart from being a singer, the richest African musician, Tuku is an actor and a scriptwriter.

These richest musicians in Africa no doubt have gotten both wealth and fame at the tip of their fingers. Truly the music industry is capable of blessing and flourishing the talented and determined artists. We hope you enjoy our article on these African richest musicians!

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About Naija M

Shedrach Uzogazie ( AKA Shedi ) is the founder and CEO of Naijam, he is a web designer and a blogger from Anambra state. This website is designed to bring to you Entertainment and Music

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