Top 10 Richest Musicians in Africa 2020


4. Davido – $16 million

Nigerians can celebrate knowing that one of their own makes it to the list of the greatest in the industry. Popularly known as Davido, David Adedeji Adeleke was born in Atlanta, Georgia. He is popularly known for his excellent songs, most of which tend to become household names in Nigeria.

He has made tremendous achievements in showbiz, especially in West Africa. Davido has many nominations, awards, and profitable endorsements. His DMW label also brings in a substantial amount of cash, which contributes to his $16 million net worth value, according to Forbes and as reported by Tuko News. The net worth of Davido makes him the richest musician in Nigeria. 

His ability to transform music from being a hobby and talent, to so much more that it became a business is a secret to his success.


It took him only a few years to get a high status in the world of African show business. In 2011, the single “Back When” was released. It was the starting point of his success. 

Gradually, the artist gained more and more fame and recognition. This lead to the spread of his influence. He went on to collaborate with other celebrities, and organize concerts in various parts of the world. All of his tracks are sure bangers and hits because he brings his all on the table. With so much energy and lover for his fans, it is not surprising that he continues to excel in a competitive industry.

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