A wave of mixed reactions has hit social media following reports that Forbes has released its list of the top five richest Nigerian musicians as of January 2025. While some fans are celebrating, others are calling the list inaccurate. According to the supposed Forbes ranking, Afrobeats star Wizkid (Ayodeji Ibrahim Balogun) leads the pack with a staggering net worth of $50 million.
The singer, who recently splurged on his second Ferrari worth N1.4 billion, continues to dominate the industry both musically and financially. Coming in second is Burna Boy (Damini Ebunoluwa Ogulu), the Grammy-winning artist with an estimated net worth of $40 million. His global appeal and sold-out stadium concerts have solidified his position as one of Africa’s wealthiest musicians.
In third place is Don Jazzy (Michael Collins Ajereh), the Mavin Records boss, who boasts a net worth of $30 million. His contributions to the industry, both as a producer and record executive, continue to pay off. Davido (David Adeleke), the “Unavailable” crooner and leader of DMW, ranks fourth on the list with a reported net worth of $15 million. However, many of his fans find this figure questionable, given his extravagant lifestyle and publicized business ventures.
Closing the list is Olamide (Olamide Adedeji), the YBNL boss, with a reported net worth of $10 million. The rapper and music executive has played a crucial role in nurturing new talents like Fireboy DML and Asake. As expected, the list has stirred controversy, especially among fan bases. While Wizkid FC is celebrating, Davido’s 30BG fans are rejecting the figures.
Here’s what some had to say:
- @misschidel: “30BG no go sleep this night oo😂😂.”
- @lorujuedalo37: “No one comes close to Davido, believe it or not.”
- @pocopills: “Eyaaaa for una dreams abiiii!! 😂😂 30BG, let’s gather here and laugh at this stupid post 😂👏.”
- @joseph_dred: “Okay, Wizkid has $50M and Davido $15M? 🤣🤡.”
- @amma_of_30bg: “FC creating their own happiness 😂😂😂😂 Mad oh 😂😂😂.”
- @officialpassmark: “Dey play. This one na Wizkid FC Forbes 😂😂😂.”
- @bennywins__: “Wizkid: We make money from music. Music don’t make money from us 😂.”
- @bendo_kreative: “For my eye, last year Davido collected $10M twice.”
