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Top 10 Richest Female Musicians in Nigeria and Their Net Worth

There is no way to discuss the contemporary African music industry without including some of Nigeria’s richest female musicians. This is owing to the fact that they have not only amassed enormous fortune from the industry, but have also contributed to the globalization of Afro-Pop music over the years. It is not a secret that the Nigerian Music Industry has thrived over time. From collaborations with world-famous musicians to having performances and concerts in numerous places around the globe, these shows and concerts always attract enormous crowds and sell out their tickets.

What a wonderful expansion of the Nigerian music industry! The good news is that female musicians are making waves in the industry much like their male counterparts. The Nigerian music industry possesses an abundance of talent. Even if the male musicians are touring the globe, the female singers are also making us proud, and we have a number of successful female musicians on the list of the richest female musicians in Nigeria. With the likes of Asa, Yemi Alade, Simi, Tiwa Savage, Seyi Shay, and Tems, we can claim that the female Nigerian singers are not doing a bad job, as they continue to produce success after hit.

The Nigerian music business has witnessed significant growth and development over the past years, especially with the current inflow of female musicians vying with their male counterparts for influence, prosperity, and success. You acknowledge that the mainstream of Nigeria music industry is completely adorable for Nigerian musicians, especially Nigerian female musicians. There are various female artists in Nigeria, some of whom are affluent and more renowned than the rest.

The country not only produces the best vocalist, the best vibes, the best lyricist, the best rapper, and the best performer, among other awards Nigerian female artists have won for their name and country, but also because they have made enough money to be considered among the richest female singers in Nigeria. Beyoncé, Anita Barker, Whitney Houston, Diana, Maria Carey, Rihanna, and Celine Dion, among other female American musicians, made their fortunes in the entertainment industry. Similarly, Nigerian female singers have risen from obscurity to become some of Nigeria’s greatest female musicians.

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Richest Female Musicians in Nigeria and Their Net Worth

Nigeria’s music industry is fast expanding and has proven to be one of our primary exports. Similar to the calming effects of water on the body, music has a calming effect on the mind and reduces anxiety. As a result of the lovely music they create, numerous female musicians in Nigeria are skilled and have a large fan base. Everyone enjoys good music, and a musician’s ability to create good music would determine his or her success.

However, listed below are the richest female Nigerian musicians; they are well-known for producing quality music, and you would certainly like listening to their music:

1. Asa – $28 Million


Asa is a recording artist, singer, and songwriter who was born in Nigeria and raised in France. Throughout the years, she has released a number of successful songs in addition to albums. It was reported in 2014 that she had reportedly sold up to 400,000 albums worldwide. She is one of the most successful female musicians, but she maintains a low profile and is modest about her accomplishments. Asa’s musical preferences evolved over the years as a direct result of her father’s accumulation of excellent music for his job as a cinematographer. This collection was passed down to Asa. The playlists that Asa’s father had compiled served as a source of creativity for her.

2. Tiwa Savage – $9 Million


Born on 5 February 1980, Tiwa Savage is a Nigerian singer and songwriter. Born in Isale Eko, she moved to London at age 11 to complete secondary education. Five years later, she began her career in music as a backup singer for musicians including George Michael and Mary J. Blige. In 2009, Tiwa Savage got a publishing agreement with Sony/ATV Music Publishing after appearing in the UK version of The X Factor and graduating from Berklee College of Music.

Inspired by the expansion of the Nigerian music business, Tiwa Savage returned to Nigeria in 2012 and signed to Mavin Records. She was on the compilation album released by the label in 2012, Solar Plexus. Since then, she has produced a series of musical hits and amassed a huge fan base who cannot get enough of her originality.  Tiwa Savage is currently one of the most popular, respected, and richest female musicians in Nigeria.

3. Yemi Alade – $4.9 Million


Yemi Alade is a performer who hails from Nigeria. She is also a songwriter and activist. In 2009, she participated in the Peak Talent Show and won. This was her first television appearance and her path to fame. In 2014, she released her hit track “Johnny” shortly after signing with Effyzzie Music Group. Since then, she has continued to provide her fans with incredible hit songs and has embarked on many world tours.

Yemi Alade is currently considered to be one of the most well-known performers on the African continent due to her meteoric climb to fame in the music industry. She started on a string of foreign tours immediately after the release of her albums King of Queens and Mama Africa, both of which were met with phenomenal commercial success upon their respective releases. As of the year 2022, she is one of the richest female musicians in Nigeria thanks to her net worth of  $4.9 million.

4. Omawumi – $3 Million


Omawumi rose to prominence in 2007 as the runner-up of the reality TV competition West African Idols. Omawumi gained recognition as a competitor on Idols West Africa. Omawumi was voted the competition’s runner-up when it concluded in May 2007. Since then, she has shared the stage alongside P-Square, 2face Idibia, Phyno, D’Banj, M.I, Banky W, Sasha, 9ice, Chaka Demus & Pliers,  Angie Stone and Donell Jones, Carl Thomas, Angélique Kidjo, and many others. Omawumi made her debut single “In The Music” in September 2008. She has acted as a brand ambassador for Globacom, Konga.com, as well as Malta Guinness, achieving new marks in her career.

5. Chidinma – $2.8 Million


Chidinma Ekile (born May 2, 1991), professionally known as Chidinma, is a gospel singer and composer from Nigeria. She rose to prominence in 2010 after winning the 3rd season of Project Fame West Africa. After the release of the music video for her track “Emi Ni Baller,” she became the first female musician to top the MTV Base Official Naija Top 10 list at number one. Among these are her popular songs Kedike, Carry You Dey Go, Run Dia Mouth, etc. However, she is now a gospel singer contracted to Eezee Concept. She is one of the richest female musicians in Nigeria, with a net worth of $2.8 million, and continues to be one of the most successful female singers in Nigeria.

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6. Seyi Shay – $2.1 Million


Deborah Oluwaseyi Joshua (born Oluwaseyi Joshua; 21 December 1985) is a Nigerian singer, songwriter, and actress professionally known as Seyi Shay. Since the start of her career, Seyi Shay has had multiple popular singles, albums, and collaborations. And she is recognized as one of those female performers who begin their careers at a young age; she began singing in a chorus at age six. In 2005, she contributed three songs to the soundtrack of the video game Crime Life: Gang Wars by Konami. With a net worth of $2.1 million, she is one of the richest female musicians in Nigeria as of 2022.

7. Simi – $2 Million


Simi is the stage name of Simisola Bolatito Kosoko, a Nigerian singer, composer, and actor. She began her career as a gospel singer, releasing Ogaju, her first studio album, in 2008. In 2022, she also served as one of the top judges on the seventh season of the Nigerian idol television show. She rose to prominence in 2014 after releasing “Tiff,” which was nominated for the Best Alternative Song at the 2015 Headies. Simi had a record deal with X3M Music in 2014, however she departed the label in May of 2019 when her contract expired.

On September 8, 2017, she released her second studio album titled Simisola. Her third studio album, Omo Charlie Champagne, Vol. 1, was released on April 19, 2019, to coincide with her 31st birthday. In June of 2019, she founded her record label Studio Brat. Since then, Simi has created a number of more successful songs and collaborated on a number of further hits. She is currently regarded as one of Nigeria’s most prominent and influential female performers. Simi is currently one of the richest female performers in Nigeria, with a $2 million net worth.

8. Waje – $1.7 Million


Waje is the stage name of Nigerian artist Aituaje Iruobe. The remake of P-Square’s “Omoge Mi” brought her to fame. Waje was also featured on the duo’s 2008 hit single “Do Me” In addition, she sang on “Thief My Kele” by Banky W and “One Naira” by M.I. Waje appeared as one of the four judges for the 2016 premiere season of The Voice Nigeria. Waje’s singing range encompasses three octaves.

Waje has shared the stage with singers such as Wyclef Jean and Kerry Hilson in South Africa and Calabar, respectively. She has also worked with artists who have recorded popular singles, including “One Naira” with M.I and “Do Me” with P-Square. She collaborated with Dencia on the award-winning & nominated track “True Love” Her debut studio album, Words Aren’t Just Enough, was released in 2013.

9. Madrina – $1.5 Million


Cynthia Ikponmwenosa Morgan (born September 23, 1991) is a Nigerian-born songwriter and performer formerly known as Cynthia Morgan and now as Madrina. Her musical style combines elements of pop, hip hop, dancehall, and rap. She rose to prominence after the release of two singles, “Don’t Break My Heart” and “Lead Me On,” which gained widespread airplay and favorable reviews from music reviewers. Cynthia made her acting debut in the 2016 Nollywood film The Wrong Number, directed by Saint Joseph Ovensehi, and the comedy film A trip to Jamaica, directed by Ay. Madrina is regarded as one of the richest female musicians in Nigeria as of 2022 with a net worth of $1.5 million.

10. Nneka – $1.3 Million


Nneka is a German-Nigerian actress, singer, and songwriter. She sings in the languages of English, Igbo, and Nigerian Pidgin. Nneka identifies hip hop as her major musical origin and most influential source of inspiration, despite the fact that she also sings. As influences on her musical career, she has cited Fela Kuti, Bob Marley, Mos Def, Talib Kweli, and Lauryn Hill in her reflections. Many of Nneka’s songs reflect her Nigerian heritage and way of life. Her songs also emphasize capitalism, poverty, and war and incorporate moral connections and messages. With a net worth of $1.3 million, she is regarded as one of the richest female musicians in Nigeria as of 2022.

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The Nigerian music industry has always been one of the most dynamic in Africa. The present Nigerian music scene is vastly different than it was decades ago, with its brilliant tunes and captivating performances. These Nigerian singers have amassed a considerable fortune as a result of the industry’s expansion. Riding on the pedestal of global success, the Nigerian-inspired Afrobeats genre has permanently altered the public impression of Africa and Nigerian music in particular. The success of the industry can also be credited to Nigerian female musicians, who, together with their male counterparts, have produced some of Nigeria’s most hit tracks.

Nigeria’s music industry is blessed with incredible female artists who are excellent at what they do and who meet all the criteria for a good musician. Female Nigerian musicians who have endured the test of time and altered the course of history with their exceptional voices and creative techniques of self-expression are extraordinary. However, it should be emphasized that the most outstanding and richest female musicians have fashioned out individual niches for themselves and continue to make waves throughout the world despite criticism and a lack of appreciation from music lovers when compared to their male counterparts.

Adesola Adewumi
Adesola Adewumi
Adesola is a purpose-driven man, critical thinker, problem solver, inner peace seeker, nature addict, writer, and a good listener. As a content writer, he has written several published and unpublished articles, as well as life-changing masterpieces on various social media platforms and websites. Adesola as an ardent knowledge seeker seeks to maximize various opportunities to grow, develop, and become productive in his world.

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