The Nigerian music industry has no doubt received international acclaim. And this has improved the paychecks of musicians like Davido, and Wizkid who have used music to increase their net worth in 2022.

Nigeria's music industry has been on a global streaming spree as one of the fastest-growing industries nationwide. The industry has also produced some of the globe's most treasured musicians. Riding on the pedestal of worldwide popularity, the Afro Beats genre inspired by Nigeria has affected the general perception of Africa and especially Nigerian music for good.
The industry's success can be attributed to Nigerian musicians such as Wizkid, Don Jazzy, Phyno, Tuface Idibia, Davido, and others.
This article will capture the top 10 richest Nigerian musicians in 2022, their net worth according to Forbes, and their lifestyle choices. Some of the musicians that made it to our 2022 list were also on our top richest musicians 2021 and 2020.

1 Davido-Net worth is $40 million
Nigerian-American David Adeleke is the richest Nigerian musician in 2022, with a heavy net worth estimate of $40 million. Forbes also labeled the DMW chairman as an Afrobeats superstar by FORBES in 2020. Despite his silver spoon background, he has earned his place in the music industry with significant hit sounds such as 'Fall,' 'Assurance,' 'If,' and 'Dami Duro.
For each of his videos on Youtube, Davido records an average of 20 million views. As the son of one of Nigeria's wealthiest men, Chief Adeleke, Davido is signed to Sony Records, a label that has housed Tiwa Savage, Tekno, and others.
Undoubtedly, the Afrobeat star is one of Africa's most prominent musicians. Davido's business acumen in music allowed him to grace the Forbes Africa 30 Under 30 list in 2018. He is currently one of the best-selling music artists in Africa and worldwide.
He has signed many successful artists like Mayorkun, Dremo, Peruzzi, and others under the DMW record label.

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