Top 10 Richest Musicians In Africa 2021

When it comes to music, Africa is without a doubt one of the best continents in the world, producing millions of extremely gifted artists each year. African artists are also among the most popular musical performers in the world, with millions of people throughout the world listening to their music.

They claim that success and recognition in any entertainment business come with riches, and African artists, like other musicians across the world, are extremely affluent, with net worths in the millions of dollars.

Popular Nigerian hip-hop singers such as Jidenna, Don-Jazzy, WizKid, and Davido all made the list of Africa’s top ten richest musicians. These Nigerian musicians are also among the wealthiest performers in their native country, and they are all worth millions of dollars when appraised.

If you’ve been looking for a list of the richest artists in Africa according to Forbes, this article will answer your queries. Without further ado, let’s get right into the list.

Top 10 Richest Musicians In Africa Right Now July, 2021 & Their NetWorth

1. Akon

  • Net wealth (according to Forbes) – $80 million
  • 45 years old at the time of writing (16 April 1973)
  • Konvict Musik is a record label.
  • American/Senegalese nationality/country of origin

Akon Thiam, full name Aliaume Damala Badara Akon Thiam, is the richest singer in Africa according to Forbes. He is a well-known African-American singer, songwriter, producer, entrepreneur, philanthropist, and actor throughout Africa and the rest of the globe.

Akon is also the CEO of Konvict Musik, a musical company with which he is contracted. With over 35 million albums sold and hundreds of music hits and collaborations with the world’s top names in the music industry, we feel Akon really deserves this honor. He is reported to be valued about $80 million at the time of writing this article (Forbes).

As a five-time Grammy nominee, Akon has had a highly successful career in Africa and across the world. He is also now working on a project called AkonCity in his native nation of Senegal, which will cost millions of dollars to complete.

2. Dj Black Coffee

  • Net wealth (according to Forbes) – $60 million
  • 42 years old at the time of writing (11 March 1976)
  • Soulistic Music is a record label.
  • South African nationality/country of origin

Nkosinathi Innocent Maphumulo, better known as DJ Black Coffee, is a South African DJ, producer, composer, and performer. Black Coffee began his career in 1995, and he has since published five albums as well as founded his own record label, UltraMusic.

He also rose to prominence after being picked to participate in the Red Bull Music Academy (2004), which was held in Cape Town.

In addition, during the DJ Awards in Ibiza in September 2015, Black Coffee was named “Breakthrough DJ of the Year.” This occurred only a few weeks after the release of his fifth studio album.

DJ Black Coffee is Africa’s second richest artist, trailing only Akon, with a net worth of $60 million (according to Forbes).

3. Don-Jazzy

  • Forbes estimates his net worth to be $30 million.
  • 36 years old at the time of writing (26 November 1982)
  • Mavin Records is a record label (Supreme Mavin Dynasty)
  • Nigerian nationality/country of origin

Don Jazzy is a Nigerian producer, singer, songwriter, and businessman whose full name is Michael Collins Ajereh. He comes from Isoko in Delta State, Nigeria, although he was born in Umuahia, Abia State, before moving to Ajegunle, Lagos, where he was reared.

Don Jazzy launched Mavin Records in 2012, which now represents some of the greatest musicians in the Nigerian music business, including REMA, Crayon, Korede Bello, DNA Twins, Dija, and others.

Don Jazzy has also aided the success of several other great musicians, like Reekado Banks and Korede Bello.

Aside from music, The Don, as he is affectionately known, is involved in real estate management, currency trading, and Wi-Fi manufacturing in Nigeria, and according to Forbes, DonJazzy’s net worth is $30 million at the time of writing this piece.

He is the third richest African artist and the richest musician in Nigeria at the moment.

4. Davido

  • Davido Net wealth (according to Forbes) – $21 million
  • 26 years old (21 November 1992)
  • Davido Music Worldwide is a record label (DMW)
  • American/Nigerian nationality/country of origin

David Adedeji Adeleke, better known by his stage name Davido, is the son of Mr. Adeleke, a Nigerian millionaire. Davido is a Nigerian musician, songwriter, and producer who was born in Atlanta, Georgia but moved to Lagos as a young man owing to his love for his country, Nigeria.

Davido Music Worldwide (DMW), his record company, is also a major player in the Nigerian music business, with many outstanding Nigerian musicians signed as performers. Mayorkun, Peruzzi, B-Red, and, most recently, MayD are among the prominent Nigerian singers signed to DMW.

Davido also has several nominations, honors, and lucrative endorsements that bring him a lot of money on a regular basis. He is signed to Sony Music and is not just the son of a Nigerian billionaire and a well-known Nigerian singer, but he is also the fifth artist on Forbes Africa’s list of the top ten richest musicians in Africa, with a net worth of $21 million.

5. WizKid

  • Net wealth (according to Forbes) – $16 million
  • Currently, I am 29 years old (16 July 1990)
  • Star Boy Music is a record label.
  • Nigerian nationality/country of origin

WizKid, actual name Ayodeji Ibrahim Balogun, is a Nigerian musician and composer who also serves as the CEO of Starboy Entertainment. He was born in Surulere, Lagos State, Nigeria, and is a very wealthy Nigerian musician. He rose to worldwide prominence after collaborating with Drake on the song “One Dance.”

This song topped the charts in over 15 nations, including the United States, the United Kingdom, Australia, and Canada. WizKid has shown to be successful in all aspects, from being a singer in a tiny church in his area to being a global celebrity.

He is presently believed to be worth over $16 million, making him one of Africa’s wealthiest artists.

6. Sarkodie

  • Net Worth (according to Forbes) – $7 Million
  • 31 years old (10 July 1988)
  • Sarkcess Music is a record label.
  • Ghanaian nationality/country of origin

Sarkodie, actual name Michael Owusu Addo, is a Ghanaian music artist, rapper, and entrepreneur. Not only is Sarkodie a well-known African singer, but he is also a very wealthy rapper and the sole representation of his nation, Ghana, on our list of the wealthiest African artists. He is also the richest artist in Ghana at the moment.

This Ghanaian rapper presently has 5 albums under his belt, all of which have been commercially successful. Popular music websites like as MTV Base, Lynx Tv, and others have frequently identified Sarkodie as one of Africa’s finest hip-hop performers.

Sarkodie has a net worth of $7 million as of the time of writing this article. Sarkodie, like other musicians, makes money through album and music sales, brand endorsement partnerships, sponsored postings, and other sources.

7. Tinashe

  • Net wealth (according to Forbes) – $6 million
  • 26 years old (6 February 1993)
  • Konvict Music is a record label.
  • Zimbabwean nationality/country of origin

Tinashe is the richest African female artist and the only female musician on this list. She was born in Lexington, Kentucky, to a Zimbabwean professor called Michael Kachingwe and his wife, Aimie Kachingwe.

Tinashe Jorgensen Kachingwe, actual name Tinashe Jorgensen Kachingwe, is an American singer, dancer, composer, producer, actor, and fashion model. She has so far published a number of CDs and cooperated with well-known musicians from Africa and throughout the world.

According to Forbes Africa, this female Zimbabwean-American artist ranks seventh among the top ten richest musicians in Africa, with a net worth of $6 million.

8. Hugh Masekela (Late)

  • Net wealth (according to Forbes) – $1.5 million
  • 78 years old (1939–2018)
  • Mercury, MGM, and Uni Records are record labels.
  • South African nationality/country of origin

Hugh Ramapolo Masekela was a South African trumpeter, composer, and vocalist who died in January 2018. He was generally known as “The Father of South African Jazz,” and he will always be remembered fondly by many South African jazz fans.

He died on January 23, 2018, at the age of 78. Hugh was a very popular artist during his career, leaving his native country on a frequent basis for foreign tours and concerts.

It was claimed on certain internet media outlets a few months before his death that he was reportedly paid $20,000 to play for a single concert.

Hugh is still the ninth richest African singer, with an estimated net worth of about $1.5 million, according to the most recent Forbes statistics.

9. Jidenna

  • Net Worth (according to Forbes) – $1 Million
  • 34 years old (4 May 1985)
  • Wondaland Records, Fear & Fancy, and Epic Records are the record labels.
  • Nigerian nationality/country of origin

Jidenna Theodore Mobisson, actual name Jidenna Theodore Mobisson, is a Nigerian-American rapper, singer, songwriter, and music producer. Jidenna released two significant singles in 2015, “Classic Man” and “Yoga,” which were well received by music fans worldwide, particularly in the United States.

He secured a deal with Wondaland Records after graduating from Standford University in the United States of America. This singer believes himself to be a true Nigerian, and he has declared several times that he aspires to be a significant figure in the growth of music and art in Africa.

In addition, in 2015, he was named ‘Best New Artist’ at the Soul Train Music Awards. The song “Classic Man” also received the honors for “Song of the Year” and “Video of the Year” at the 2015 Soul Train Music Awards.

Jidenna is ranked ninth on this list of Africa’s richest musicians.

10. Oliver Mtukudzi

  • Net Worth (According to Forbes) –
  • 66 years old (22 September 1952)
  • Currently Unknown Record Label
  • Zimbabwean nationality/country of origin

Oliver Tuku Mtukudzi is a Zimbabwean singer, philanthropist, human rights campaigner, and UNICEF Goodwill Ambassador for the Southern Africa Region. He has over 65 CDs to his credit and over 41 years of expertise performing onstage and in live music in general.

This singer is not only wealthy and well-known for his songs, but he is also regarded as one of Zimbabwe’s most prominent and internationally recognized cultural figures of all time.

Oliver Mtukudzi has five children and two grandchildren. He is the tenth musician on our list, and his net worth is estimated to be approximately $1 million as of this year.


This brings us to the end of our list of Africa’s top ten richest musicians.

All rankings and net worth figures in this piece are based exclusively on data obtained from Forbes, America’s largest online business magazine, which is recognized for generating extremely accurate lists of the world’s wealthiest individuals.

What do you think about this article? Do you believe any musician deserves to be included or removed from this list? Let us know what you think about this story in the comments section below.


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