TOP 10 RICHEST FEMALE MUSICIANS IN NIGERIA (Updated List)

In our previous post, we write about the top 10 African Richest Musicians, here in today’s article, we shall focus only on the female counterpart using Nigeria as a case study in our write-up, educating us about the top 10 richest female musicians in Nigeria. 

Over the previous decades, the Nigerian music industry had experienced tremendous growth and development, especially with the recent influx of female musicians beaming into the limelight, competing relatively with their male counterparts for influence, affluence and wealth. 

The honeypot of Nigeria, you agree, is very sweet for Nigerian Musicians, and is made up of many spices, especially from the Nigeria female Musician, because the country does not only produce the best vocalist, the best vibes, the best lyrical writer, best wrapper, best soloist, among other awards Nigerian female artist had won for their name and the country but also being proud for making for themselves enough money that will make them being tagged as one of the richest female singers in Nigeria.

Beyoncé, Whitney Houston, Diana, Anita Barker, Rihanna, Maria Carey, Celine Dion and the like of the female American musicians, made their wealth from the entertainment industry, Nigerian female artist does not lag behind, making their living, raising from obscurity into becoming one of the richest female musicians in Nigeria.

For instance, Tiwa savage, the No.1 Nigeria Richest Female Musician, present net worth as estimated by Forbes stood around $6 million. Mad oooo!

LIST OF THE 10 RICHEST FEMALE MUSICIANS IN NIGERIA

Below is the list of the wealthiest female musicians in Nigeria;

• Tiwa Savage – Net Worth ($6 Million)
• Yemi Alade – Net Worth ($4.2 Million)
• Omawumi – Net Worth ($3 Million)
• Chidinma – Net Worth ($2.8 Million)
• Seyi Shay – Net Worth ($2.1 Million)
• ASA – Net Worth ($2 Million)
• Waje – Net Worth ($1.7 Million)
• Madrina – Net Worth ($1.5 Million)
• Nneka – Net Worth ($1.3 Million)
• Simi – Net Worth ($1.0 Million)

Our criteria for determining the wealthiest female musician in Nigeria include several deals and endorsements they signed, the number of concerts they were able to host and run home and abroad, return from their album, and others. 

Without further ado, let us proceed to unveil, who are the top 10 richest female artists in Nigeria.

1. Tiwa Savage – Net Worth ($6 Million)

Full name: Tiwatope Savage-Balogun
Stage name: Tiwa Savage
Date of Birth: February 5, 1980.
State of Origin: Isale Eko, Lagos State
Present Net Worth: $6 Million
Genres‎: ‎Afrobeats‎; ‎R&B‎; pop; ‎hip hop‎; ‎soul
Record Label: Mavin Records, Universal Music Group, Motown, Capitol Records, Islands Record.

Tiwatope Savage, born at Isale Eko in Lagos Island, relocated at 11 for her college education in London, where she started her musical career where she was a back-up vocal for some UK based artist will never imagine that one day she will be a superstar with millions of dollars in her account, that will ever make her the richest female Nigerian Musician.

This ignited her passion for music, and further her passion in studying music at Berklee College of Music, and participated in the UK edition of the X-factor. Tiwa signed her first publishing deal with Sony/ATV Music in 2009. This helped her grow her musical career in the Nigerian music industry, which motivated her to sign her first deal with Mavin Records in 2012 when she finally moved down to Nigeria. 

Her first hit single “Kele Kele Love” from her debut album “Once Upon a Time,” made its way up to the Nigerian music charts. As at when writing this post, the richest Female Nigerian artist is under the Universal Music Record Label, where she signed a profitable contract. Tiwa had performed in many local and international shows and is also a brand ambassador to Maggi, Forte Oil, Pepsi, and Konga.

Her present net worth currently runs at $6million, making her the richest female musician in Nigeria as she recently signed a multi-million-dollar contract with Jay-z music record label also.

2. Yemi Alade – Net Worth ($4.2 Million)

Full name: Yemi Eberechi Alade
Stage name: Yemi Alade 
Date of Birth: March 13, 1989.
State of Origin: Ondo State
Present Net Worth: $4.2 Million
Genres‎: ‎Afrobeats‎, World, Contemporary ‎R&B
Record Label: EFFYZZIE MUSIC GROUP, The Music Industry CC, Silverstone Music, Uffizi Worldwide, Nedjon Media, Universal Music Africa

Yemi Eberechi Alade, with the stage name “Yemi Alade,” is a Nigerian Afropop singer and songwriter. As the second richest female Nigerian Musician, who gained stardom after winning the Peak Talent Show, slated in 2009 after she released her hit track “Jonny.” Her “Jonny” music video is currently rated as the most viewed music video on YouTube than any other female artist in Nigeria. 

Born in Abia in 1989 to the former police commissioner, who hails from the Yoruba lineage, released some dope tracks like “kissing,” Take over, Tangerine. The No 2 Nigerian female richest artist has some local deals and brands she represents, in the likes of Bacardi Breezer, Bland2Glam, an online Jewelry store, Close-Up toothpaste. 

Her present net worth currently runs at $4.2 million, making her the second richest female musician in Nigeria.

3. Omawumi – Net Worth ($3 Million)

Full name: Omawumi Megbele
Stage name: Omawumi
State of Origin: Warri, Delta state
Date of Birth: April 13, 1982.
Present Net Worth: $3 Million
Genres‎: ‎Soul Music, African Popular music.
Record Label: Roc Nation/Cabal Entertainment, OMA RECORDS, Hermanez Media
Profession: Actor, Songwriter, Singer

An itserkiri ethnic born started her musical career in 2007 after being voted as the 1st runner-up for the West Africa Idol Competition – a reality TV show from the Idols franchise. She made her opulence from her first single “In the music,” which boosted her career after which released some other hit tracks, putting her on the track of becoming the third Nigerian female Musician. Her second album, “The Lasso of Truth,” made a more commercial success for her.

Omawumi is a brand ambassador for Globacom, Mortein, Konga.com, and Malta Guinness. She’s also part of the campaign called “Rise with the Energy of Africa.” She won twice The Headies award, and thrice as a nominee. Her present net worth currently runs at $3 million, making her the 3rd richest female musician in Nigeria

4. Chidinma– Net Worth ($2.8 Million)

Full name: Chidinma Ekile
Stage name: Chidinma
State of Origin: Imo State
Date of Birth: May 2, 1991.
Present Net Worth: $2.8 Million
Genres‎: Popular African music. 
Record Label: Nedjon Media, Zando, Tubeland, 2NITE MUSIC GROUP
Profession: Songwriter, Singer-songwriter, Film Score Composer 

She started her journey into becoming one of the richest female musicians in Nigeria in the Year 2010. The said year was a successful year for the Nigerian singer named Chidinma, where she won the season 3 of the Project Fame West Africa, hosted by the Nigeria Telecommunication giant, MTN. Miss Kedike, as she was formally regarded as, was the first female Musician to reach the zenith of the MTV Base Official Naija Top 10 chart with her music video single “Emi Ni Baller.”

After winning the addition that year, Chidinma released her singles “Jankoliko” and “kedike,” which won for her the Kora Awards in 2012 as the Best Female West African Act, where she performed with the said song “Kedike” at the ceremony.

As a huge public figure, she had an endorsement with the telecommunication giant for three years, a deal that left her with billions of naira afterward. Her present net worth currently runs at $2.8million, making her the fourth richest female musician in Nigeria

5. Seyi Shay – Net Worth ($2.1 Million)

Full name: Deborah Oluwaseyi Joshua Nee Odedere
Stage name: Seyi Shay
Date of Birth: December 21, 1985.
State of Origin: Ife, Osun State
Present Net Worth: $2.1 Million
Genres‎: Afrobeats, Raggae, Rhythm, and blues 
Record Label: Island Records, Starguri
Profession: Actor, Singer, Record producer, songwriter.

Seyi Shay returned from the UK to Nigeria in 2011 to be among the top Nigerian female artist after she produced her singles “Loving your way” and “No le le,” which became a hit song and brought her into stardom, which makes her join the list of the richest Musician in Nigeria. Later in 2013, she released another single “Irawo,” chante” which further boosted her musical career.

As a songwriter, Seyi Shay wrote and waxed three songs for Konami’s video game soundtrack, and she performed in many staged shows, local and international with American pop star, Neyo at the MTV Base Awards in Africa. 

As Etisalat’s major brand ambassador, with other endorsement deal from the Bacardi Breezer, and the most recent agreement with Pepsi. Her talent has made her the 5th richest Nigeria musician with an estimated worth of $2.1million.

6. ASA – Net Worth ($2 Million)

Full name: Bukola Elemide
Stage name: ASA
Date of Birth: September 17, 1982.
State of Origin: Lagos State
Present Net Worth: $2.0 Million
Genres‎: Pop music, Jazz, Indie pop  
Record Label: NAÏVE Wagram Music, Shanachie Records
Profession: Actor, Guitarist, Singer, Record producer, songwriter.

The French-born Nigeria female musician with the stage name “ASA” came to stardom after the release of her debut single “Fire on the mountain” in 2007. Asa (Hawk), as fondly called, had a musical pattern that synchronizes with Bob Marley and Marjek Fasek’s version. It was later she attested that they are her role model. 

Asa was able to make about four albums to his name, with many live albums, shows, and concerts. She also had many endorsement deals running in millions of naira with the official GTBank. She commands respect amongst her equal, locally, and internationally because of her music pattern.

Asa is the 6th richest artist in Nigeria with a present estimated net worth of $2million+ in 2022. You can check out some of her popular albums like Bed of stones, Beautiful Imperfection, Asa, The Captivator

7. Waje – Net Worth ($1.7 Million)

Full name: Aituaje Aina Vivian Ebele Iruobe
Stage name: Waje
Date of Birth: September 1, 1980.
State of Origin: Akure, Ondo State
Present Net Worth: $1.7 Million
Genres‎: Pop music, Rock, Contemporary R&B, Blues, Souls Music’s  
Record Label: Blue Pie, WME, Factory78/51 Lex Records, WajeMusik Entertainment
Profession: Actor, Singer, Songwriter.

Aituaje Iruobe, with stage name, WAJE, first gained recognition in 2007 in P-square hit track “Bizzy Body” and also in P-square single “Omoge Mi.” she also runs a TV reality show sponsored by MTV Base South Africa and Zain, which gave her musical career a boost, peeing her way into becoming top richest female Nigerian artist.

Her path to becoming one of the top richest Nigerian female musicians when she signed an outstanding endorsement deal with the indigenous telecommunication giant, Glo. Presently she is the 7th richest Musician in Nigeria.

Waje, which is an acronym Word Aren’t Just Enough, is a household name that also has her name as 7th richest Nigerian female Musician in the entertainment industry with a net worth of $1.7million.

8. Madrina– Net Worth ($1.5 Million)

Full name: Cynthia Ikponmwenosa Morgan
Stage name: Madrina
Date of Birth: September 23, 1991.
State of Origin: Benin City, Edo State
Present Net Worth: $1.5 Million
Genres‎: Pop music, Hip hop, Dancehall, Rapper
Record Label: IROKING, SDX, Nedjon Media
Profession: Actor, Singer, Songwriter.

Cynthia Ikponmwenosa Morgan, popularly known by her previous stage name Cynthia Morgan, but now Madrina, began her professional career in 2007, but luck ran to her part in 2010 when she featured in Jhybo song. She later releases her singles tagged “Don’t Break My Heart” and “Lead Me On,” which received massive airplay with positive critics.

Madrina conveniently seats on number 8 among the riches richest female musicians who are of Nigerian origin. She is a well-recognized figure, especially her dressing sense, makes her populous in the music industry in Nigeria., with a present net worth estimate of about $1.5 million.

9. Nneka – Net Worth ($1.3 Million)

Full name: Nneka Egbuna
Stage name: Kabare scena
Date of Birth: December 24, 1980.
State of Origin: Warri, Delta State
Present Net Worth: $1.3 Million
Genres‎: Soul Music, Hip Hop, Afrobeat, Contemporary R&B, Raggae.
Record Label: Sony Music Entertainment, Decon, Epic Records
Profession: Actor, Singer, Songwriter.

Nneka, like her other contemporary in the music industry, sings in English, her native language (Igbo) and Nigeria pidgin, with a previous working relationship with international hip hop artist like DJ Farhat, and Sean Paul in Hamburg in 2004, which was the platform she got into the music industry. Nneka’s musical career had toured many European and African countries.

It would be disheartening if her name was missing among the top richest Nigerian Musician. Her present net worth is estimated at around $1.3million, thereby making her the 9th richest Nigerian artist 

10. Simi – Net Worth ($1.0 Million)

Full name: Simisola Ogunleye
Stage name: Simi
Date of Birth: April 19, 1988.
State of Origin: Surulere, Lagos State
Present Net Worth: $1.0 Million
Genres‎: Soul Music, Hip Hop, Afrobeat, Contemporary R&B, Raggae.
Record Label: X3M Music, Studio Brat
Profession: Singer, Songwriter, sound engineer

The perfect soloist who made her debut in 2014 with the singles titled “Jamb Question” is among the top 10 richest Nigerian musicians. Simi was formally a gospel musical before deviating into the Hip Hop niche, where luck ran towards her and made brought her into the limelight and as one of the richest female musicians in Nigeria. 

Simi, as the sound engineer, is the CEO of Studio Brat, which she launched in June 2019. She got married to Adekunle Gold also in 2019, and release another album “Omo Charlie Champagne Vol 1” to commensurate her birthday on April 19.

The present net worth to Adekunle Gold beloved stood at a little bit above $1 Million, thereby making her the 10th richest female artist in Nigeria.

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Conclusion on the Richest Female Musicians in Nigeria

One of the constant things in life is change; the listing and delisting of Forbes’ top 10 richest African Artist of the continent will ever be dynamic. As state by the late legendary popular afrobeat make, Fela Anikulapo Kuti, who in his belief said music is a spirit, as well as its affair is.

Getting to the top of the ladder requires more than good vibes and lyric, but the combination of the invisible with the visible. This article is aimed at educating you about the African richest musicians in the current year nd should not be as a yardstick to look down on other artists, who are yet to make a list. Only time will tell if they will and not you!

If you have a contribution to make or you feel there is something we ought to have added to this list which isn’t present kindly use the comment box.

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