Top 10 Richest African Musicians – Current Forbes List of Top Richest Musicians in Africa 2020 and Their Networth

Top 10 Richest African Musicians

Top  10 Richest Musicians in Africa – Currently, Forbes Africa has released its list of Top Richest Musicians in Africa 2020. In the list, you will see some of your favorite artiste and their net worth all presented in US Dollars. Top 10 Richest Musicians in Africa are rated based on some considerations.


Top 10 Richest Musicians in Africa

The major considering factor that determines who makes the list of Top Richest Musicians in Africa are listed below:

  1. Endorsement value
  2. Popularity
  3. Show rates
  4. Sales
  5. Awards
  6. YouTube views
  7. Appearance in newspapers
  8. Investment
  9. Social media presence
  10. Influence and others

The list features top artiste from Senegal, Nigerian, South Africa Ghana and Zimbabwe but it is mostly dominated by Nigerian Artiste. artistes, Don Jazzy, Wizkid and Davido, are among the top ten richest African musicians.

Asking questions like who is the richest musician in Africa for 2020?.  Then this post is for you as it contains a comprehensive list of the top ten richest musicians in Africa which was recently released by Forbes in 2020.

Current Forbes List of Top Richest Musicians in Africa 2020 And Their Networth


1) Akon, Senegal-American – $80 million Net Worth


Top Richest Musicians in Africa


Akon is the Richest Musician in Africa and the most popular name in the history of african hip hop artiste. He was born in St. Louis, Missouri in a Muslim family. His real names are “Aliaune Damala Bouga Time Bongo Puru Nacka Lu Lu Lu Badara Akon Thiam”.

Akon’s home town is Senegal where he spent significant part of his life before moving back to United States particularly Newark, New Jersey. He was raised in the family who took music as a profession as his mother was a dancer while his father a percussionist.

Growing up in New Jersey was tough for him as he found it difficult to get along with other kids plus the fact that he had to live all alone with his older brother after his parents left them in Jersey City and moved the rest of the family to Atlanta, Georgia. But today he is the most celebrate African Musician.

He rose to prominence in 2004 following the release of “Locked Up”, the first single from his debut album, Trouble and currently he has sold over 35 million albums worldwide making him the hightest selling musician in the whole of Africa.

He has won numerous awards including five Grammy Award nominations and has 45 Billboard Hot 100 songs under his belt. He tops the list according to Forbes Africa.

2) Black Coffee, South Africa – $60 Million
Top Richest Musicians in Africa


Black Coffee is the second in the List of Top Richest Musicians in Africa. He so talented and have won several music awards. Black Coffee real name is kosinathi Maphumulo. He was born in South Africa’s house music province, KwaZulu-Natal (KZN) and raised in the Eastern Cape province, where Nelson Mandela hailed from, before moving back to KZN to study music.

He started the career around 1995 and released 5 albums under his own label. His most notable progress occurred in 2004 when Black Coffee was chosen for Red Bull Music Academy held in Cape Town. In 2005, he won the “Breakthrough DJ Of The Year” award at the DJ Awards in Ibiza.

Black Coffee is also the holder of a large number of awards. Nigerian listeners have little knowledge about him. However, he is extremely popular in Western countries. The creativity of this musician is especially appealing to fans of electronic music.

3) Davido, Nigeria – $25 million Net worth

Top Richest Musicians in Africa

David Adeleke popularly know as Davido is a Nigerian Singer, Song writer and Record label owner born on on November 21, 1992. He is currently the richest musician in Nigeria and 3rd in the whole of Africa with an estimated net worth of $25 million.

He became famous for his widely acclaimed 2012 debut album “Omo Baba Olowo” which garnered a lot of accolades from fans all over Nigeria and Africa. Once revealed that he drew inspiration from other great Nigerian musicians like like P-Square and D’Banj who made him believe this was possible.

Davido have claimed a lot of prestigious awards including BET award as the Best African Act and also became the first African act to perform live at the awards. Davido is a very energetic and talented person, he will achieve a lot.

4) Wizkid, Nigeria – $22 million net worth

Top Richest Musicians in Africa


Wizkid is Ayodeji Ibrahim Balogun by name, and he is one of the most talented musician in Africa and second richest musician in Nigeria. He is singer, song writer and a record label owner called Starboy Entertainment. He started recording music at age 11 and managed to release a collaborative album with the Glorious Five, a group he and a couple of his church friends formed.

In 2009, Wizkid signed a record deal with Empire Mates Entertainment (E.M.E) record label. He rose to prominence in 2010 with the release of the song ” Holla at Your Boy ” from his debut studio album, Superstar (2011).

Wizkid first gained international recognition after his collaboration with Drake on the song titled “One Dance“ and became the first Afrobeats artist to appear in the 2018 Guinness World Records for his contribution to Drake’s hit song.

“One Dance”.. This song reached number one the countdown in more than 15 countries which include the United States, United Kingdom, Australia, and Canada. Wizkid had among other awards, won the award for Next Rated at The Headies 2011. He has had endorsement from MTN, GLO, Pepsi and Guinness.

5) Burna Boy, Nigeria – $22 Million Net worth

Burna Boy is another sensational artiste from Nigerian origin who rose to fame in 2012 after released a hot single titled “Like to Party” from his debut studio album, L.I.F.E in 2013. Though he was born on 2nd July 1991 and grew up partly in london before moving back to rivers state to dorminate the music industry.

Burna Boy have won numerous award, including BET awards on June 24, 2019, on that same day Burna Boy won Best International Act at the 2019 BET Awards as the “Best International Act at the 2019”

6) Don Jazzy, Nigeria – $20.8 million Net Worth

Don Jazzy, whose real names are Michael Collins Ajereh is a Nigerian producer, singer, songwriter, and businessman. He hails from Isoko from Delta State in Nigeria but was born in Umuahia, Abia State after which he moved to Ajegunle, Lagos where he was raised.

In 2012, Don Jazzy founded Mavin Records which currently has some of the biggest artists in the Nigerian music industry like Tiwa Savage, Korede Bello, DNA Twins, DiJa etc.

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Don Jazzy has also helped many other talented artists like Reekado Banks and Korede Bello become successful. He is also engaged in the real estate and Wi-Fi production business in Nigeria and is currently worth about $20.8 Million (Forbes) thereby earning him the third spot in the top ten richest musicians in Africa.

7) Sarkodie, Ghana – $7.5 million Net worth


Michael Owusu Addo started out as an underground rapper and through the help of Duncan Williams, his former manager, his career was launched. Staying true to his identity, he is a big advocate of Azonto, a Ghanaian genre that is said to have been born out of Kpanlogo, a traditional dance.

His first single off his fourth album, Mewu, sold almost 4,000 copies on the first day of its release in Ghana. He was also the first Ghanaian to win a BET award.

8) Tinashe, Zimbabwe-American: $6 Million Net worth

Tinashe made it as the only female musician on our list of the top ten richest musicians in Africa. She was born to Zimbabwean professor named Michael Kachingwe and his wife, Aimie Kachingwe in Lexington, Kentucky USA.

With real names as Tinashe Jorgensen Kachingwe, Tinashe is an American singer, dancer, songwriter, producer, actress, and fashion model. She has so far released a number of albums and collaborated with very popular musicians in Africa and the world at large.

This female Zimbabwean musician is number eight on the list of the top ten richest musicians in Africa with a current net worth of $6 Million (Forbes).

Finally, she is the only female on the list of the 10 richest African musicians is Tinashe. She started off as a child model by the age of three. Despite the young age, this lady managed to become incredibly successful in her musical career and very wealthy. Her voice also starred in the cartoon feature film The Polar Express alongside Oscar-winning actor, Tom Hanks.

9) Hugh Masekela, South Africa: $1.5 Million Net worth

Hugh Masekela is among the Top 10 Richest Musicians in Africa. He is the second richest artist in South Africa and because of his work and contribution to South Africian he is among the list of Richest Musician in England music, Hugh was born in Witbank, east of Johannesburg. He has released more than 43 albums and performed with Marvin Gaye, Dizzy Gillespie, The Byrds, Fela Kuti, Paul Simon, Stevie Wonder and Miriam Makeba.

Hugh have many honorary prizes, was nominated for a Grammy Award and he regularly went on international trips and had great concerts.

10) Jidenna, Nigerian-American: $1.5 Million Net worth

Jidenna Theodore Mobisson is better known by his stage name Jidenna. He is a Nigerian-American rapper, singer, songwriter and record producer.

By the age of 10, Jidenna Theodore Mobisson knew he wanted to do music but was afraid to tell his father who wanted him to be an engineer. He is ranked sixth according to Forbes Africa.
11) Oliver Mtukudzi, Zimbabwe: $1 Million Net worth

Oliver Tuku Mtukudzi has 65 albums under his belt, more than the legendary Michael Jackson and Whitney Houston. It’s a remarkable career stretching back 41 years with songs that have enlivened parties all over the world.

Top 10 Richest Musicians in Africa update will always come your way on this site.


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