Top Five Richest Musicians in Africa

1. Wizkid — US$27 million

As of year 2024, the richest African musician is Wizkid from Nigeria. He is arguably the biggest African artiste of the past decade and he has accumulated quite a lot of wealth over the years with an estimated net worth of US$27 million.

Believe it or not, as of year 2024, Wizkid is the richest musician in Africa. He has been accumulating all the money since 2010. In 2012, Wizkid signed a one-year endorsement deal with Pepsi reportedly worth US$350 000.

Davido — US$25 million

Davido is a Nigerian singer, record producer and songwriter. His 2011 single “Dami Duro” spread like virus all over Nigeria and he became famous for his widely acclaimed 2012 debut album “Omo Baba Olowo”.

THENET NG reported Davido had signed a 30 million Naira endorsement deal with MTN. In 2015 he signed a US$1 million deal with Ciroc vodka. He has signed many multi-million dollar deals since then.

Black Coffee — US$16 million

Going by the birth name Nkosinathi Maphumulo, Black Coffee is not just a legendary South African musician, but also one of the prestigious musicians Africa presently is proud of.

Within and outside South Africa, Black Coffee has made music the main factor behind his immense fortune and great wealth. Due to this, he is said to be South Africa’s richest musician with his net worth currently around $16 million

Sarkodie — US$13 million

Sarkodie owns the Sark by Yas clothing line, which was launched on April 27, 2013.

The clothing line has accessories for men, women and children. In 2012, he was officially unveiled as the Brand Ambassador for Samsung Electronics at the University of Ghana, Legon.

As part of the event, Samsung unveiled the Samsung Galaxy Pocket and Chief Hero Phones that had customized wallpapers of Sarkodie and his signature; users had the opportunity to download exclusive tracks of Sarkodie. He is the richest musician in Ghana and one of the richest African musicians as of 2024.

Don Jazzy — US$12,5 million

Don Jazzy going by the birth name Michael Collins Ajereh is well known as a singer and producer.

Impressively, he is third on the list of the richest musicians in Nigeria.

On May 7 2012, Ajereh announced a new record label, Mavin Records. Ajereh said: “I see Mavin Records being the power house of music in Africa in the shortest possible time.” — Forbes