Asake, Burna Boy, Davido, and two other Nigerian artists are among the top earners in the country, making the most money per performance. Their combined net worth is a whopping ₦1 trillion. The Nigerian music industry has grown into a global sensation, now valued at approximately ₦2.2 trillion.

In the past twenty years, the Afrobeats genre has overcome numerous challenges, gaining recognition both within Nigeria and internationally. Icons such as D’Banj, P-Square, and Don Jazzy played pivotal roles in paving the way for this success, passing on the baton to the current generation of leading Nigerian artists.

5 Highest-Paid Nigerian Artists Per Show

Highest-Paid Nigerian Artists Per Show

Currently, a fresh wave of talent reigns supreme in the upper echelons of the Nigerian music industry. This article will spotlight the top five highest-earning Nigerian artists in 2023, showcasing their net worth, which collectively amounts to an impressive ₦1 trillion.

Asake

Asake is revolutionizing Afro-Fuji with a remarkable impact, commanding a fee of $20,000 for his performances. The young Afro-fusion artist, Ololade Ahmed, has experienced a swift ascent in the music industry, standing out with his distinctive musical style that has captivated many listeners.

His breakthrough came in 2022 when Olamide officially signed him to the YBNL record label. Since then, Asake has enjoyed continuous success, earning him the position of the fifth highest-paid Nigerian artist and performer in the past year.

Recent reports indicate that for international shows, Asake charges between $20,000 and $45,000. Within the country, it is believed that his performance fee ranges from 8 to 10 million Naira.

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Rema

Rema, the emerging sensation, is making waves with a minimum performance fee of $50,000. Known as Nigeria’s Afrobeat GenZ superstar, Divine Ikubor, or Rema, is hailed as the next big artist to emerge from Africa.

Recently, he achieved a milestone by becoming the first Nigerian artist to perform at the Ballon d’Or gala. His remarkable growth over the past five years since his breakthrough has been nothing short of a miracle.

Comparisons to Wizkid in his early days highlight Rema’s exceptional success. According to reports, Rema now commands a fee of $50,000 for 20-minute performances outside Nigeria. Additionally, within the country, it is documented that Rema charges an impressive ₦10 million for his shows.

Davido

Davido, known as the King of Afrobeats, commands an average fee of $150,000 for his performances. David Adeleke, or Davido, a Nigerian music superstar, holds the third position on this list, though this ranking might not fully capture the extent of his talent and global influence as an artist.

Within the American media space, Davido is recognized as the King of Afrobeat. The accomplished singer is the third highest-paid Nigerian artist and performer. Reports indicate that Davido charges an average of N40 million for performances within Nigeria.

For international shows, his fee exceeds $150,000, varying based on factors such as the event scale, location, and duration. Notably, Davido recently made history as the first Nigerian artist to successfully headline the O2 Arena in London on three separate occasions.

Burna Boy

Burna Boy acclaimed as the African Giant of Afrobeats, commands a fee of $250,000. Damini Ogulu, also known as Burna Boy, stands out as one of the few Nigerian artists who can proudly boast about winning a Grammy solely based on his achievements.

In contrast, Wizkid’s Grammy win is associated with collaborating with Beyonce on the Brown Skin Girl track. Notably, previous Nigerian Grammy winners either have mixed nationality or do not strongly identify with Nigeria.

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In the past 16 months, Burna Boy has achieved significant milestones, shutting down over 20 international arenas, including 10 stadium concerts with attendance exceeding 40,000. According to Big 7, a PR firm working with Burna Boy, the Afro-fusion superstar charges a minimum of $200,000 to $250,000 for performances outside Nigeria.

Additionally, it is revealed that Burna Boy consistently requests the organization of a private jet for his travel, ensuring a luxurious and hassle-free flying experience. Notably, in 2019, Burna Boy was paid $300,000 for a 45-minute show in Cameroon.

Wizkid

Wizkid, whose real name is Ayo Balogun, commands a minimum fee of $300,000 per show. He is undeniably one of the most prominent Nigerian artists, maintaining remarkable consistency in the music industry over the past decade.

In 2018, Wizkid’s ascent to global stardom became evident when he received an astounding $681,000 for a performance at a wedding in India. By 2020, he further solidified his international standing by reportedly charging over a million dollars for a performance at the WTA in America, leaving many in awe.

According to a report from Turntable Music, Wizkid’s standard fee for a show averages around $300,000. Wizkid’s earning prowess was evident in headline performances as well. He received a remarkable $1 million as the headliner at the prestigious Rolling Loud event in Toronto, Canada.

In 2021, Wizkid continued to set records by being paid a million dollars to headline the Let’s Get Free Festival in New York, USA. Publicly available details establish Wizkid as the highest-paid Nigerian singer in the industry.

In Conclusion

Asake and the other four highest-paid Nigerian artists per show exemplify the remarkable success and financial prowess achieved within the country’s vibrant music industry. Their ability to command substantial fees for their performances reflects not only their talents but also the global recognition and appeal of Nigerian music.

As these Nigerian artists continue to elevate the industry to new heights, their influence extends far beyond national borders, contributing to the ever-growing prominence of Nigerian music on the international stage.

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FAQs

Who is the highest-paid Nigerian artist?

Wizkid stands out as one of the most accomplished Nigerian artists, with a career spanning over a decade. He has released numerous notable projects, ranging from singles and EPs to full-length albums. Currently, the Grammy-winning Nigerian artist holds the position of the highest-paid artist in the country.

Who are the top 8 Nigerian artists?

Without further delay, here is the roster of the top 8 Nigerian artists for the year 2023:

  • Burna Boy
  • Wizkid
  • Davido
  • Rema
  • P-Square
  • Tekno Miles
  • Flavour
  • Fireboy DML

Who are the top 8 richest Nigerian artists in 2023?

Here are the top 8 richest Nigerian artists for the year 2023:

  • Wizkid
  • Don Jazzy
  • Davido
  • Burna Boy
  • Olamide
  • P-Square
  • 2Baba
  • Tiwa Savage

Who are the 7 hottest Nigerian artists right now?

Here is the list of the top 7 most popular Nigerian artists in 2023:

  • Davido
  • Shallipopi
  • Asake
  • Rema
  • Seyi Vibez
  • Omah Lay
  • Burna Boy

Who are the top 6 richest singers in the world?

  • Jay-Z: Boasting a net worth of $2.5 billion, Jay-Z holds the top spot as the wealthiest musician.
  • Rihanna holds an impressive net worth of $1.7 billion.
  • Paul McCartney possesses a substantial net worth of $1.2 billion.
  • Andrew Lloyd Webber boasts a noteworthy net worth of $1.2 billion.
  • Sean “Puffy” Combs has accumulated a substantial net worth of $1.0 billion.
  • Madonna possesses an impressive net worth of $850 million.

Who is the richest male singer in the world?

Shawn Corey Carter, professionally known as Jay-Z, is widely acknowledged as the wealthiest musician globally. Hailing from the streets of Brooklyn, he ascended to the status of a global music mogul. Born in 1969, Jay-Z’s journey commenced in the late 1980s, ultimately leading to the co-founding of Roc-A-Fella Records in 1995.

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