African music has become a significant part of the global music culture with its wide influence in the modern industry. It is not unknown that Tyla, Tems, Rema, Burna Boy, and many other young music artists have helped to spread Afro music to every corner of the world. African music and Afro beats have become a rich source of music that often includes the lyrical superiority of hip-hop while there are captivating tropical beats that sometimes sound like Latin and tropical. With the vocal prowess of the African music artists; they have gained much commercial success globally and currently; they are the stars of the industry.
There are many music artists in African who have embraced their origin through their music and made a hefty amount of profit. Some of them are currently the richest music artists in the country. Let’s take a better look at the top 10 of them.
Top 10 Richest Music Artists in Africa
Davido is one of the most dominant and prominent Nigerian music artists who has made a fortune of $100 million with his highly successful music career. He is a singer and a songwriter who has been working in the music industry for quite a while now. With breakthrough tracks like ‘Fall’ and ‘Dami Duro’, this artist easily became one of the icons for the Afro-music genre. He rose to global recognition with his album, ‘A Good Time’ which was released back in 2019. It helped him gain a huge amount of financial success and allowed him to proceed with more musical achievements. He is also the co-founder of HKN Music, a record label that has made many successful endorsement plans with brands like Infinix and MTN Nigeria. Other than his music, Davido is also famous for his philanthropic acts as well as activism for black and Afro culture.
Net Worth - $100 Million
Black Coffee is a significant figure in the African music industry whose net worth is currently at $60 million. Nkosinathi Innocent Maphumulo, better known as Black Coffee is one of the biggest and richest music stars in Africa who has a dynamic career as a music artist. Cultivating his versatility and passion, Coffee has paved a highly successful career with his skills in DJing, songwriting, and record producing. He has offered a signature style in Afro music that blends electronic house music with African rhythms. After gaining international recognition, the artist decided to make investments in multiple properties in South Africa as well as the United States. His wide financial portfolio is the biggest proof of his dynamic musical aura.
Net Worth - $60 Million
Kiernan Jarryd Forbes, also known as AKA is a rapper from South Africa who is best known for his powerful bars and captivating rapping style. His debut album project ‘Alter Ego’ is a massive hit that offered listeners the block-buster single ‘Victory Lap’. It was only the beginning of his musical career and the debut project offered a massive boost. The album helped him gain international exposure and can be considered one of the main ingredients behind his commercial success. The net worth of AKA is currently at $15 million which is increasing exponentially with his entrepreneurial ventures and acts of brand endorsements. AKA’s collaboration with the luxury brands helped him gain more monetary advantage. He teamed up with vodka brand Cruz and the company has launched a watermelon-flavored drink which carries his initials, AKA. Similarly, he also signed a contract with Reebok which improved his financial portfolio.
Net Worth - $15 Million
Michael Owusu Addo, better known as Sarkodie is a highly talented rapper from Ghana who has amassed a total net worth of $13 million. His spectacular music and entrepreneurship strategies helped him become more successful than ever. He launched his own clothing line called Sark by Yas which was established in 13. The company then participated in multiple endorsement projects with major brands such as Tigo Telecommunications, Samsung Electronics, and many others. His musical career rose to fame after winning Adom FM’s rap competition. His debut album project is called ‘Makye’. The Ghanaian rapper is also best known for his supercar and luxury car collection.
Net Worth - $13 Million
Cassper is a leading rapper from South Africa whose net worth was estimated somewhere around $12 Million till his earnings in 2024. This rapper has a thriving music career where he made some significant progress within a short span of time. His debut album project was ‘Tsholofelo’ which helped him gather much attention in the music industry. The rapper has established his own music record label called Family Tree Records. Other than his musical career, Nyovest’s wealth also generates from his expensive endorsement deals such as with Ciroc from 2017 as well as with MTN. His swanky lifestyle includes a big mansion and a lot of luxury cars including Rolls Royce and Bentley. He is one of the richest rappers in Africa and it is going to stay that way.
Net Worth - $12 Million
Don Jazzy is best known as a versatile Nigerian record producer whose current estimated net worth is around $10 million. He is also revered as an entrepreneur with his wide range of business ventures. Jazzy is also the CEO and the Founder of Mavin Records which supports all kinds of African music artists. Michael Collins Ajereh, better known as Do Jazzy also shares experiences of working with other fellow and successful music artists such as D’banj and Tiwa Savage. There is no doubt that this man has a strong influence over the African music industry.
Net Worth - $10 Million
Hailing from Tanzania, Diamond Platnumz is quite a talented music icon which is currently estimated at $10 million. He is one of the most celebrated music artists in East Africa who established the record label, WCB Wasafi. This label has helped to pave the way for the musical careers of new and emerging talents like Rayvanny and Harmonize. After the music label, he has also expanded his ventures through two enterprises, namely, Wasafi Bet and Wasafi Media. Platnumz is also the first ever African music artist who receive 1 Billion views on YouTube.
Net Worth - $10 Million
Introducing, the ‘Queen of Afrobeats’, Tiwa Savage whose current net worth is around $8 million. It is an accumulation of her successful music career along with investments and brand endorsements. She has a luxury apartment in Lekki and London which shows her financial dynamics. Her collaboration with major brands like Pepsi and Tecno helped her generate a huge amount of revenue along with her musical releases. She has a foundation known as ‘We Are Tired Foundation’ that fights for sexual assault victims.
Net Worth - $8 Million
Also known as “Koko Master”, D’Banj made an impressive fortune of around $6 million which puts him on the top of the list. His international hit project ‘Oliver Twist’ helped him sign under Sony Music Africa in 2012 and this deal was enough for him to climb the ladder of success. He has successfully improved his revenue by collaborating with the brands like Beats by Dre, Ciroc Nigeria, Globacom, and many others.
Net Worth - $6 Million
This singer-songwriter from Nigeria is best known for his dynamic skills and now, his net worth is somewhere around $4 million. He is one of the prominent figures in the Afrobeat industry who has also participated in international collaboration with the other artists like Drake, Chris Brown and Ty Dolla Sign,. His breakthrough music project was ‘Superstar’ which literally made him a superstar in the African music industry.
Net Worth - $4 Million
Stay tuned to find out more about the African Music industry that is expanding globally.
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