Top 10 Richest Musicians In Africa 2020 (Forbes)

Asking questions like who is the richest musician in Africa for 2020 and their respective net worths?

If your answer to that question is YES, then you’ve landed on the right page as we’ll be revealing a very comprehensive and verified list of the top 10richest musicians in Africa which was recently released by Forbes in 2020.

The good news is that some of our popular Nigerian hip-hop musicians like Jidenna, Don-Jazzy, WizKid, and Davido also made it to the top ten richest musicians in Africa. These Nigerian musicians are also some of the richest entertainers back home in Nigeria but they’ve also proved that they’re also recognized as of the richest entertainers on the African continent and the world at large.

Without wasting more of your time, let’s jump right into the list of the richest African musicians as announced by Forbes Africa.

Top 10 Richest Musicians In Africa & Their NetWorth (2020)

akon richest musician in africa
Akon is the Richest Musician in Africa

1. Akon

  • Estimated Networth (Forbes) – $80 million
  • Current Age – 45 years (16 April 1973)
  • Record Label – Konvict Musik
  • Nationality/Country Of OriginAmerican/Senegalese

With real names as Aliaume Damala Badara Akon Thiam, Akon is the Forbes richest musician in Africa. He is an African-American singer, songwriter, producer, entrepreneur, philanthropist and actor.

Akon is also the CEO of Konvict Musik in which he is currently signed into. With over 35 million albums sold out, he is currently net worth about $80 million (Forbes).

As a five-time Grammy nominee, Akon boasts of a very successful career in Africa and the world at large.

dj black coffee
DJ Black Coffee

2. Dj Black Coffee

  • Estimated Networth (Forbes)$60 Million
  • Current Age – 42 years (11 March 1976)
  • Record Label – Soulistic Music
  • Nationality/Country Of OriginSouth African

Nkosinathi Innocent Maphumulo who is popularly known by his stage name DJ Black Coffee, is a South African DJ, producer, songwriter, and singer. Dj Black coffee started the career around 1995 after which he released 5 albums after creating his own label.

He also became very popular shortly after being chosen as a participant in the Red Bull Music Academy (2004) which was held in Cape Town.

Also, in September 2015, Black Coffee won the “Breakthrough DJ of the Year” award at the DJ Awards in Ibiza. This happened just a few weeks after he released his fifth music album.

With a net worth of $60 Million (Forbes)DJ Black Coffee is the 2nd richest musician in Africa just after Akon.

donjazzy richest musicians in africa

3. Don-Jazzy

  • Estimated Networth (Forbes) – $30 Million
  • Current Age – 36 years (26 November 1982)
  • Record LabelMavin Records(Supreme Mavin Dynasty)
  • Nationality/Country Of OriginNigerian

Don Jazzy, whose real names are Michael Collins Ajereh is a Nigerian producer, singer, songwriter, and businessman. He hails from Isoko from Delta State in Nigeria but was born in Umuahia, Abia State after which he moved to Ajegunle, Lagos where he was raised.

Read Also:  Top 10 Richest People In Nigeria 2020 (Forbes)

In 2012, Don Jazzy founded Mavin Records which currently has some of the biggest artists in the Nigerian music industry like Tiwa Savage, Korede Bello, DNA Twins, Dija etc.

Don Jazzy has also helped many other talented artists like Reekado Banks and Korede Bello become successful.

He is also engaged in the real estate and Wi-Fi production business in Nigeria and is currently worth about $30 Million (Forbes) thereby earning him the third spot in the top ten richest musicians in Africa.

Donjazzy is the 3rd richest African Musician and currently the richest musician in Nigeria.

wizkid richest musicians in africa

4. WizKid

  • Estimated Networth (Forbes)$20 Million
  • Current Age – 29 years (16 July 1990)
  • Record LabelStar Boy Music
  • Nationality/Country Of OriginNigerian

WizKid with real names as Ayodeji Ibrahim Balogun is a Nigerian singer and songwriter and the CEO of Starboy Entertainment. He is a very rich Nigerian musician and was born in Surulere in Lagos State, Nigeria. He gained international recognition after his collaboration with Drake on the song titled “One Dance“.

This song reached number one on the countdown in more than 15 countries which includes the United States, United Kingdom, Australia, and Canada. From being a singer in a small church in his neighbourhood to becoming a global superstar, WizKid has proven to be successful in all ramifications.

He is currently worth $20 Million (Forbes) and is one of the richest musicians in Africa.

davido richest musicians in africa

5. Davido

  • Estimated Networth (Forbes)$16 Million
  • Age – 26 years (21 November 1992)
  • Record LabelDavido Music Worldwide(DMW)
  • Nationality/Country Of Origin – American/Nigerian

David Adedeji Adeleke who is popularly known by his stage name Davido, is the son of a Nigerian billionaire – Mr. Adeleke. Davido is a Nigerian singer, songwriter, and producer and this music star was born in Atlanta, Georgia but later relocated to Lagos as a very young guy due to his love for his motherland – Nigeria.

Davido also has many nominations, awards, and profitable endorsements. He is also signed to Sony Music. He is not only the son of a Nigerian billionaire but also the fifth on our list of the top 10 richest musicians in Africa with a net worth of $16 Million according to Forbes Africa.

sarkodie richest musicians in africa

6. Sarkodie

  • Estimated Networth (Forbes) – $7 Million
  • Age – 31 years (10 July 1988)
  • Record LabelSarkcess Music
  • Nationality/Country Of OriginGhanaian

Sarkodie with real names as Michael Owusu Addo is a Ghanaian recording artist, rapper and entrepreneur. Not only is he a notable artist in Africa, but Sarkodie is also a very rich rapper and the only representative of his country on our list of the top ten richest musicians in Africa. He is also the richest musician in Ghana currently.

Read Also:  Richest Igbo Men In Nigeria 2020: Top 10

This Ghanian rapper currently has 5 albums in his music career and these albums have proven to be successful so far. Sarkodie has been often named as one of Africa’s greatest hip-hop artists by popular music websites like MTV Base, Lynx Tv, and

Sarkodie boasts of a net worth of $7 Million (Forbes) and he is one of the richest musicians in Africa.

tinashe richest musicians in africa

7. Tinashe

  • Estimated Networth (Forbes) – $6 Million
  • Age – 26 years (6 February 1993)
  • Record LabelKonvict Music
  • Nationality/Country Of OriginZimbabwean

Tinashe made it as the only female musician on our list of the top ten richest musicians in Africa. She was born into the family of a Zimbabwean professor named Michael Kachingwe and his wife, Aimie Kachingwe in Lexington, Kentucky USA.

With real names as Tinashe Jorgensen Kachingwe, Tinashe is an American singer, dancer, songwriter, producer, actress, and fashion model. She has so far released a number of albums and collaborated with very popular musicians in Africa and the world at large.

This female Zimbabwean musician is the seventh on the list of the top ten richest musicians in Africa with a current net worth of $6 Million(Forbes).

hugh masekela richest musicians in africa
Hugh Masekela

8. Hugh Masekela (Late)

  • Estimated Networth (Forbes) – $1.5 Million
  • Age – 78 years (1939–2018)
  • Record Label – Mercury, MGM & Uni
  • Nationality/Country Of Origin South African

Hugh Ramapolo Masekela up till January 2018 was a South African trumpeter, composer and singer.

He was popularly referred to as “The Father Of South African Jazz” and he is always in the heart of many lovers of Jazz music in South Africa.`

Sadly, he died on January 23, 2018, at a ripe age of 78. Hugh was a very successful musician during his lifetime as he regularly left his home country for international trips and shows.

Some months before his death, it was reported on some online media platforms that he was once paid $20,000 to perform for a single show. WOW!

Even after his death, Hugh is still the eighth musician on the list of the top ten richest musicians in Africa with a very high net worth of $1.5 Million(Forbes).

jidenna richest musicians in africa

9. Jidenna

  • Estimated Networth (Forbes) – $1 Million
  • Age – 34 years (4 May 1985)
  • Record Label Wondaland Records, Fear & Fancy & Epic Records.
  • Nationality/Country Of OriginNigerian

With his real names as Jidenna Theodore Mobisson, Jidenna is a Nigerian-American rapper, singer, songwriter, and a music producer. In 2015, Jidenna released two major singles titled, “Classic Man” and “Yoga” and these songs were widely accepted by music lovers worldwide.

Read Also:  Top 10 Richest Fuji Musicians In Nigeria (Updated 2020)

After graduating from Standford University in the United States of America, he signed a deal with Wondaland Records. He considers himself a pure Nigerian man, and also wants to become a key player in the development of music in Africa.

Also in 2015, he won the award for ‘Best New Artist’ at the Soul Train Music Awards. The song “Classic man” also won the awards for ‘Song of the Year’ and ‘Video of the Year’ respectively at the Soul Train Music Awards in 2015.

Jidenna made it to the 9th position of our list of the top ten richest musicians in Africa and he is currently worth $1 Million(Forbes).

oliver mtukudzi richest musicians in africa
Oliver Mtukudzi

10. Oliver Mtukudzi

  • Estimated Networth (Forbes)
  • Age – 66 years (22 September 1952)
  • Record LabelCurrently Unknown
  • Nationality/Country Of Origin – Zimbabwean

Oliver Tuku Mtukudzi is a Zimbabwean musician, businessman, philanthropist, human rights activist and the UNICEF Goodwill Ambassador for Southern Africa Region. He has over 65 albums and more than 41 years of experience in on-stage music performance.

This musician is not just wealthy and famous for his songs but he has also been considered as Zimbabwe’s most renowned and internationally recognized cultural personality of all time.

Oliver Mtukudzi is a father of 5, grandfather of 2. He is the 10th richest musician in Africa and the last on our list of the top ten richest musicians in Africa.

Update: ‎Oliver Mtukudzi died on the 23rd of January 2019 at the age of 66. May his soul Rest in Perfect Peace.


This concludes my list of the top ten richest musicians in Africa.

All rankings and net-worth in this post are solely based on data gotten from American biggest online business magazine – Forbes which is known for compiling very accurate lists of the richest people from around the globe.

What are your thoughts about this post? Do you think any musician should be added or removed? You can share your views via the comment section below and we’ll try to reply you as soon as possible.

Our 2020 RICH List

28 thoughts on “Top 10 Richest Musicians In Africa 2020 (Forbes)”

    • These musicians we’re not able to make it to the list of the top richest African musicians.

      You can keep checking this blog for subsequent updates to see if there names might appear on the list.


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