Top 10 Richest African Musicians

Music they say is medicine for the soul. In Africa, music is a major part of our lives and culture and part of what defines us. Through music, we express our feelings and come to reality on who we really are. Also like any other field of activity, music can bring generous incomes and wealth expecially if you are very skilled and talented. Your songs must be appealing and pleasing to listeners.

In this article, we give you top 10 richest musician in Africa. According to Forbes, this list is put together considering many factors such like sales, endorsement value, popularity, show rates, awards, YouTube views, investment, and appearance in newspapers, social media presence, and influence among others.


Some Nigerian hip-hop stars such as Wizkid, Davido and even Don Jazzy are featuring in this list. However, on the African continent, there are many musicians. Some are more successful when it comes to their career than the others.

1. Akon

 Akon whose full name is Aliaume Damala Badara Akon Thiam, he is an artist, songwriter, record producer and the CEO of Konvict Muzic. Akon net worth is estimated at $80 million currently this 2019.

He is currently the richest musician in Africa. He’s a Senegalese, American hip-hop artist who has been ranked as one of the most acclaimed and successful musicians in the world.

He has over 35 million albums sold worldwide. One of his numerous awards won is five Grammy Award nominations. Also he has 45 Billboard Hot 100 songs to his credit. He tops the list according to Forbes Africa.

2. Black Coffee

Black Coffee who goes by the full name Nkosinathi Maphumulo is a South Africa Musician, DJ, record producer and the owner of Soulistic Music Record Label. He was born March 11, 1976. He is also named as the richest musician in South Africa and the second richest African musician according to the Forbes magazine.

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He has an estimated worth of $60 million and has won lots of awards such as the “Breakthrough DJ Of The Year” award at the DJ Awards in Ibiza in 2015.

3. Don Jazzy

Don Jazzy is the third richest musician in Africa and the first in Nigeria. He was born November 26, 1982. His real name is Michael Collins Ajereh, and started his music career as a child in church. He later moved to the UK to pursue his career. Currently, Don Jazzy net worth currently is $35 million.

See also: Top Ten Richest Men In Nigeria

He is both a singer, songwriter and a record producer. Surprisingly, he is also an entrepreneur. He is the richest Nigerian Musician and the third on the list of richest musicians in Africa. One of his major achievement was co-founding Mo’Hits Records together with D’banj. However, this record label is no longer existing due to a fallout between the two.

Currently he has established another record label known as Mavins Record and has won numerous Awards.

4. Wizkid

Wizkid’s real name is Ayodeji Ibrahim Balogun. He is a Nigerian singer and song writer. Wizkid started recording music at age 11 and released a collaborative album with the Glorious Five, a group he and a couple of his church friends formed. He is currently the owner of Starboy record label and is the 4th richest musician in Africa.

Some of his record and famous hits include Ojuelegba, Caro, Holla at Your Boy. His song Holla at Your Boy was part of his debut studio album Superstar in 2011. He currently has a net worth of $20 milion.


Wizkid who was born July 16, 1990 has won many awards, including the award for Next Rated at The Headies 2011. He also have lucrative endorsements from MTN, GLO, Pepsi and Guinness.

5. Davido

His real name is David Adedeji Adeleke and he is a Nigerian singer, songwriter and record producer. He comes from a very rich family, the Adelekes’ family and is the CEO of DMW.  His record labels are DMW, RCA and Sony. He was born November 21, 1992. He has won many awards including The Headies Awards. His net worth currently is $16 million.


As a popular Nigerian artist, he has produced songs for Naeto C, Skales, Tiwa Savage and Sauce Kid among others. He became famous for his widely acclaimed 2012 debut album “Omo Baba Olowo”.

6. Sarkodie

Sarkodie whose real name is Michael Owusu Addo  is the richest Ghanaian artist. He is an artist who began his career as an underground rapper and through the help of Duncan Williams, his former manager. He has a net worth of $7 million Dollars.

Sarkodie was born July 10, 1988 and is a Ghanaian rapper. He is seen as the main factor behind the great focus on Ghana’s contemporary music. He is a youth ambassador and the Ghanaian to win a BET award. Also he has the Sarkodie Foundation, he is the CEO of Sarkcess Music record label and Sark Clothing.

7. Tinashe

Tinashe is the only lady in this list. She was born in the United States from a Dane mother and Zimbabwe father. She became was a child model by the age of three and is said to have started singing before she even started walking.

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See also Top Ten Richest Nigerian Actresses

She made her first appearance in 2000 in the film Cora Unashamed. Also her voice starred in the cartoon feature film The Polar Express together with star actor Tom Hanks. She is worth $6 million Dollars.

8. Hugh Masekela

Hugh Masekela was born April 4, 1939. He died on January 23, 2018, at the age of 78. However, he has more than 43 albums he is ranked next to Black Coffee as the most successful in South Africa who has rocked the South African music industry.

His record label are Mercury, MGM, Uni and lots of others. He hjas won lots of awards including being nominated for a Grammy Award.  He has a net worth of $1.5 million.

LOS ANGELES, CA – FEBRUARY 12: Rapper-singer Jidenna attends The 59th GRAMMY Awards at STAPLES Center on February 12, 2017 in Los Angeles, California. (Photo by Steve Granitz/WireImage)

9. Jidenna

Jidenna is a Nigerian and an American. He realized that he wants to go into music when he was 10 years. However he was afraid to tell his father who wanted him to be an engineer. His full name is Jidenna Theodore Mobisson. He has a net worth of $1 million. Jidenna is a rapper, singer, songwriter and record producer.

Although he was born and raised in the US, he sees himself as mainly a Nigerian. He collaborated with Michelle Obama, the former first lady of the United States, on an educational program.

In 2015, Jidenna released two singles, ” Classic Man ” and ” Yoga “, promoting Janelle Monáe’s label Wondaland Records’ compilation EP The Eephus with Epic Records .

Top selling African artist Oliver Mtukudzi & Black Spirits performs during the Music Midtown 2002 in Atlanta, Georgia. 5/5/02 Photo by Scott Gries/Getty Images

10. Oliver Mtukudzi

Oliver Mtukudzi is a singer who has over 65 albums. He is also one of the richest African musician with over 41 years of music and stage activities.

In 1969 he made a three-stringed guitar and started singing songs. However, his father hated it and broke the instrument, he continued to perform everywhere he went. He has won numerous awards and has millions of views on YouTube.

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