Top 10 Richest Female Musicians In Nigeria (2024)

Over the years, the music industry in Nigeria has experienced remarkable growth and development, becoming a multi-million-dollar sector.

Despite Nigeria’s richest musicians list being male-dominated, these few female musicians are making it big, earning fortunes that most people can only dream of.

In this article, we have carefully analyzed the top female musicians in Nigeria, who have turned their worldwide hits into massive wealth.

Based on record sales, music streams, assets, endorsement deals, and personal business ventures, the following are the richest female musicians in Nigeria as of 2024:

1. Tiwa Savage

With a net worth of over $10 million (12 Billion Naira) in 2024, Tiwa Savage is the richest female musician in Nigeria.

Apart from her music career, she generates significant income from her ambassadorial deals with top brands such as Nestle Maggi chicken cubes, Forte Oil, MTN, Tecno, Konga, Pepsi and others.

In addition to her music and endorsement deals, Tiwa is also an actress and has been featured in some very good movies, including Colored Girls, MTV Sugar, and Funke Akindele’s Jenifa Series earning her millions.

2. Yemi Alade

Yemi Alade, also known as “Mama Africa,” is the second richest female musician in Nigeria with a net worth of $5 Million (6 Billion Niara) in 2024.

With her unique style and distinctive voice, she has become one of the most popular female artists in Africa and beyond.

In 2020, the music video for her song “Johnny” was declared the most viewed music video by a Nigerian artist on YouTube significantly boosting her net worth.

Apart from her music career, Yemi Alade has also ventured into other businesses.

She has several endorsement deals with top brands, including Close-Up, Bland2Glam, and Nairabox.

She has also performed at sold-out shows and music tours, which have contributed to her fortune.

3. Asa

Asa, whose real name is Bukola Elemide, is a highly acclaimed singer and one of Nigeria’s richest female singers with a net worth of $5 million in 2024.

She amassed this wealth through sold-out concerts, album sales, and endorsement deals.

Two of Asa’s biggest songs are “Eyé Adaba” and “Jailer.” These songs have become classics loved by fans both in Nigeria and internationally and have earned her millions of dollars.

4. Simi

Simisola Bolatito Ogunleye, popularly known as Simi, is one of Nigeria’s most celebrated and successful recording artists with a net worth of about $3.5 Million (4 Billion Niara) in 2024.

Simi’s success can be attributed to her unique music style, which blends contemporary pop with Afrobeat rhythms.

She earns a considerable amount of money from streaming platforms, concerts, private events, album sales, and social media promotions.

Simi is also a brand ambassador for several local and international brands, including Opera Mini and Etisalat.

Her partnership with these brands has not only helped to increase her net worth but has also made her a role model for young Nigerians aspiring to make it in the music industry.

5. Tems

Temilade Openiyi, better known as Tems, is a Nigerian singer, songwriter, and record producer with a net worth of $2 million (2.4 Billion Naira) as of 2024.

With her angelic voice, she has not only conquered the music scene but also established herself as one of Nigeria’s wealthiest female artists.

However, she rose to global prominence in 2020 after featuring in songs like “Essence” and “Fountains.”

Tems earns a significant amount of income from her music streams through royalties, playlist additions, and global reach.

Her songs are played on various platforms like Spotify, Apple Music, and YouTube, which pay artists based on the number of streams their songs receive.

DJ Cuppy is a talented Nigerian singer-songwriter, and record producer, who is worth approximately $3 million in 2024.

She is the daughter of a well-known Nigerian billionaire, Femi Otedola, and was born on November 11th, 1992.

Despite being born into a wealthy family, she has made a name for herself in the entertainment industry and earns significant income from her DJ gigs, brand endorsements, and her influence as a public figure.

In 2014, Cuppy was chosen as the Tourism Ambassador for the country’s “Fascinating Nigeria” campaign and she was named one of Pepsi’s DJ Ambassadors in 2018.

Apart from her music career, Cuppy has also ventured into entrepreneurship and philanthropy, which has added to her dynamic career.

7. Omawunmi

Omawumi’s soulful music has not only captured hearts but also attracted substantial wealth.

She was born Omawunmi Megbele on April 13th, 1982, in Warri, Delta, Omawumi is a talented singer, songwriter, lawyer, and actress.

She emerged as the first runner-up in the highly competitive show, losing to Timi Dakolo, another Nigerian musician.

After the experience, she began writing and producing her own songs.

In 2009, she released her debut album titled ‘Wonder Woman,’ which was a massive hit across Nigeria.

Omawumi has released many other hits, including ‘If You Ask Me’ and ‘Bottom Belle,’ which have helped her build her massive fortune.

The videos have gained millions of views on multiple streaming platforms.

8. Ayra Starr

Ayra Starr is one of the wealthiest female singers in Nigeria widely known for her hit track, “Rush“.

She was born Oyinkansola Sarah Aderibigbe on June 14, 2002, in Cotonou, Benin.

Ayra Starr’s net worth is estimated to be between $500,000 and $1 million, which she earns from album sales, streams, sold-out tours, and live show performances.

9. Teni

Teniola Apata, famously known as ‘Teni’ or ‘Teni Makanaki’ is a talented Nigerian singer, songwriter, and performer.

She is originally from Ekiti State, Nigeria, and is the younger sister of Niniola.

Teni’s career in the Nigerian music industry spans 7 years and has earned her an estimated net worth of $1 million.

Her rise to fame was meteoric, with the release of her single “Fargin” in 2016, which dominated numerous music charts across the nation.

She has also released other notable tracks like “Askamaya,” “Wait,” “Case,” “Lagos,” and “Amen,”  which have earned millions of online streams and sales.

Teni has also signed many endorsement deals with various companies including Wema Bank Nigeria, Budweiser Beer, TomTom, Pepsi Naija, and Tecno Mobile.

10. Mercy Chinwo

Mercy Nneda Chinwo, popularly known as Mercy Chinwo, is a well-known gospel singer, actress, and songwriter.

She gained prominence after winning the Nigerian Idol Season 2 in 2012.

With an estimated Net worth of around $600,000, Mercy Chiwo is one of the richest female artists in the country.

Since then, she has consistently delivered soul-stirring gospel hits, making her one of the most successful gospel singers in Nigeria.

One of her breakout songs, “Excess Love,” garnered widespread acclaim, catapulting her into the spotlight and establishing her as a force in gospel music.

In addition to her musical talent, Mercy Chinwo has demonstrated a keen business sense.

She monetizes her craft through various channels, including concerts and live performances, which draw fans with her emotionally charged and spiritually uplifting shows.

Her popularity has also attracted brand endorsements, adding to her financial success.

Furthermore, Mercy Chinwo’s music sales, streaming royalties, and collaborations contribute to her income.

Her dedication to spreading a positive message through her music has not only garnered a massive fan base but has also translated into financial success.