A List of Top 10 Richest Musicians in Africa 2020/2021
Musician Akon, The Richest African Musician. IMAGE: Instagram

African music remains unmatched in the global music industry. African musicians have a way of entertaining people via their unique musical styles, tones and even dancing skills such as Akwaaba. Countries like South Africa and Nigeria are known for producing legendary musicians in the continent. Below is a list of top 10 richest musicians in Africa in 2020:

1. Akon- $84 million

Many people are actually shocked by the fact that Aliaume Damala Badara Akon Thiam (globally known as Akon) is actually Senegalese. The 47- year old legendary RnB star is a Senegalese-American singer, record producer, songwriter, philanthropist, businessperson and actor. He has been able to work with great artists such as T-Pain, Snoop Dogg, Lady Gaga and the late Michael Jackson.

Akon has made over 35 million sales on his albums and songs. He has also been nominated for the Grammys 5 times in a row. Akon has also appeared on the Guiness Book of World Records as the best-selling artist for master ringtones in the world.  His current net worth is about $84 million.

2. Black Coffee- $62.8 million

Nkosinathi Inno Maphumulo is a 44-year-old South African musician who has made a name for himself especially in international markets. He is also among the richest DJ’s in South Africa. With a current net worth of $62.8 million, Black Coffee stands as the richest musician in South Africa and the 2nd richest musician in Africa.

3. Davido- $25.2 million

David Adedeji Adeleke aka Davido is a 27-year-old Nigerian singer, songwriter and record producer. He is also the owner of a record label known as ‘DMW Record’. He has been able to win many awards such as African Artist of the Year on Ghana Music Awards and Music Video of the Year on Ben TV Awards. His current net worth is about $25.2 million.

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4. Wizkid- $21 million

Ayodeji Ibrahim Balogun aka Wizkid is a 29-year-old Nigerian singer and songwriter who owns a record label known as ‘Starboy Entertainment.’ He has been able to collaborate with big artists such as Drake in One Dance and Beyonce in Brown Skin Girl. Wizkid was featured in 2018 in the Guiness World Book of Records as the first Afrobeats artist from Africa. His current net worth is about $21 million.

5. Rudeboy- $16.5 million

Paul Okoye is a 38-year-old Nigerian singer, dancer and songwriter who is an ex-member of the P-Square Band which entailed of him and his twin brother Peter.

6. Don Jazzy- $10.6 million

Michael Collins Ajereh aka Don Jazzy is a 37-year-old Nigerian singer, songwriter, record producer, entrepreneur and actor. He is the founder of Mavin Records and the co-founder of Mo’Hits Records with D’Banj. He has been able to win the ‘Producer of the year’ award four times in a row. His current net worth is about $10.6 million.

7. Banky W- $8.1 million

Olubankole Wellington aka Banky W is a 29-year-old Nigerian singer and producer. He is the king of Empire Mates Entertainment (EME). He is widely known for producing unique RnB music. His current net worth is $8.1 million.

8. Tiwa Savage- $7.3 million

Tiwatope Savage is a 40-year-old Nigerian singer, composer, songwriter as well as writer. She is currently signed under Universal Music Group. Her current net worth is about $7.3 million.

9. Sarkodie- $7.2 million

Michael Owusu Addo is a Ghanaian rapper, songwriter and businessperson. He owns a record label known as ‘Sarkcess Music Record Label.’ He also owns a reputable fashion line known as ‘Sark Clothing.’ His current net worth is about $7.2 million.

10. Tinashe- $6.14 million

Tinashe Jorgensen Kachingwe is a 27-year-old Zimbabwean-American singer, dancer, songwriter, actress and record producer. She recently won the ‘Music Artist of the Year’ in Zimbabwe Achievers Awards, United States. Her current net worth is about $6.14 million.