Top 10 Richest Musicians in Africa (2025)

The African music industry has evolved from a cultural export into a multi-billion-dollar economic powerhouse. Here is the list of the Top 10 Richest Musicians in Africa for 2025, ranked by their estimated net worth and business portfolios.

1. Akon (Senegal) – Net Worth: $80 Million

Often debated but undeniable in his financial stature, Akon remains the wealthiest musician with African roots heavily invested in the continent.

While his musical prime passed years ago, his business acumen keeps him at the summit.

• Business Sources: His wealth is anchored in Akon Lighting Africa, a solar energy project operating in multiple nations, and the ambitious Akon City development.
• Music & Media: Founder of Konvict Muzik (which launched Lady Gaga and T-Pain), he continues to earn significant royalties and remains a key figure in global music consulting.

2. Black Coffee (South Africa) – Net Worth: $60 Million

Nkosinathi Maphumulo, professionally known as Black Coffee, is Africa’s biggest electronic music export.

He commands some of the highest booking fees in the world for a DJ, with residencies in Ibiza and Las Vegas earning him upwards of $150,000 per set.

• Business Sources: Beyond music, Black Coffee is a shrewd investor with equity in Gallo Record Company and significant real estate holdings, including a record-breaking property purchase in Cape Town’s Clifton suburb valued at over R150 million. He also holds stakes in tech startups and the fashion industry.

3. Wizkid (Nigeria) – Net Worth: $50 Million

Ayodeji Ibrahim Balogun, “Big Wiz,” is a commercial juggernaut. His transition from a local superstar to a global icon has opened doors for unprecedented endorsement revenue.

• Business Sources: Wizkid commands one of the highest endorsement portfolios in African music, with multi-million dollar deals with Puma, UBA, and Tecno.
• Music & Media: As the CEO of Starboy Entertainment, he retains significant rights to his catalog. His record-breaking tours, including selling out the O2 Arena and Madison Square Garden, generate massive gross revenue annually.

4. Davido (Nigeria) – Net Worth: $40 Million

David Adeleke is the definitive “business-artist.” leverageing his family’s business background to build his own empire. While his “30 Billion Gang” moniker is a brand, his actual liquidity is formidable.

• Business Sources: Davido has lucrative partnerships with Puma, Martell, and Infinix. He is also heavily invested in real estate across Lagos and Atlanta.
• Music & Media: His label, Davido Music Worldwide (DMW), is a profit center that has successfully launched other careers. His 2024/2025 Timeless tour was one of the highest-grossing African tours in history.

5. Don Jazzy (Nigeria) – Net Worth: $30 Million

Michael Collins Ajereh is arguably the most successful music executive in modern African history. As a producer, he is legendary; as a businessman, he is astute.

• Business Sources: He is the founder and CEO of Mavin Records, Africa’s premier indigenous record label, which recently attracted major foreign investment. The label is home to global stars like Rema and Ayra Starr.
• Investments: Don Jazzy is a known angel investor in the Nigerian tech space and founded Soapbox, a digital influencer marketing platform.

6. Burna Boy (Nigeria) – Net Worth: $30 Million

Damini Ogulu, the “African Giant,” has seen the fastest financial rise in the last five years. His strategy relies heavily on live performance revenue, where he currently commands the highest fees of any African artist.

• Business Sources: Burna Boy’s earnings are driven by a relentless global touring schedule that fills stadiums in Europe and the Americas.
• Music & Media: He maintains creative control through Spaceship Records and has secured endorsement deals with luxury brands like Burberry and G-Star RAW.

7. 2Baba (Nigeria) – Net Worth: $16 Million

A veteran of the industry, Innocent Idibia (2Baba) has maintained wealth through longevity and smart diversification. He helped pioneer the modern era of artist-brand partnerships in Nigeria.

• Business Sources: His wealth is tied to extensive real estate holdings in Lagos and Abuja. He also owns the Hypertek Digital record label and the Rumours night club chain, a staple in Lagos nightlife.

8. Timaya (Nigeria) – Net Worth: $14 Million

Inetimi Timaya Odon is known as the “Egberipapa 1” of Bayelsa and is one of the most consistent earners in the industry. He is famous for low overheads and high margins.

• Business Sources: Timaya is heavily invested in the oil and gas sector in the Niger Delta, a venture he keeps private but which sources indicate provides substantial passive income.
• Real Estate: He owns a portfolio of luxury properties in the Lekki corridor of Lagos.

9. Diamond Platnumz (Tanzania) – Net Worth: $12 Million

Naseeb Abdul Juma is East Africa’s richest musician and a media mogul in the making. He has successfully monetized his brand better than almost any peer in the region.

• Business Sources: He is the founder of Wasafi Media (Wasafi TV and Wasafi FM), which are among the most popular stations in Tanzania. He also owns WasafiBet, a betting company that capitalizes on his massive fanbase.
• Endorsements: Diamond is the face of Pepsi, Parimatch, and Itel in East Africa.

10. Sarkodie (Ghana) – Net Worth: $10 Million

Michael Owusu Addo is Ghana’s most decorated rapper and a symbol of financial discipline. He has remained independent for much of his career, maximizing his revenue share.

• Business Sources: He owns Sarkcess Music and the Sark clothing line. He also has investment interests in the transport and manufacturing sectors in Ghana.
• Brand Power: Sarkodie holds long-standing ambassadorial roles with Samsung and FanMilk.

Disclaimer: Net worth figures are estimates based on public filings, endorsement values, and investment portfolios as of late 2025. Market fluctuations and private asset valuations may vary.

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