Africa’s music scene is producing global hits anymore qnd minting millionaires. From South African house music pioneers to Nigerian Afrobeats superstars, African musicians are building serious wealth through streaming, touring, and smart business moves.
But here’s the surprising part: the richest African musician isn’t who you’d expect. While Nigerian artists dominate the list, a South African DJ sits at the top with a fortune built on more than just music. And that billionaire claim you’ve heard about Akon? Let’s just say the truth is quite different.
From legendary twin brothers (P-Square) who shaped Afrobeats in the 2000s to the youngest streaming sensation breaking records at just 25 (Rema), this list shows the diverse paths to wealth in African music.
Here are the 10 wealthiest African musicians in 2025, ranked by verified net worth.
Black Coffee ($60 Million)
South Africa’s Nkosinathi Innocent Maphumulo, better known as Black Coffee, commands the throne as Africa’s wealthiest musician. His $60 million fortune didn’t come from music alone, though his DJ fees are eye-watering. He reportedly earns €400,000 per set, potentially raking in €8.4 million during a single Ibiza season.
Black Coffee owns stakes in fintech company Yoco, which serves over 150,000 South African businesses. He’s also invested in Andela, SweepSouth, and Nigerian solar company Rensource Energy. In 2020, he acquired roughly 20% of Gallo Music Investments, South Africa’s oldest record label.
His real estate game is equally impressive. In late 2024, he purchased a R157 million mansion on Cape Town’s Pentagon, the city’s most expensive street. Add properties in Johannesburg’s Sandhurst and Los Angeles, and you’ve got a global property mogul who also happens to spin records. His 2022 Grammy win for Best Dance/Electronic Album made him the first African winner in that category.
Davido ($40-100 Million)
Nigeria’s David Adedeji Adeleke presents one of the trickiest wealth calculations on this list. Estimates range wildly from $40 million to $100 million, partly because his billionaire father’s resources sometimes get confused with his personal assets. The most credible estimate? Around $55 million.
His 2024-2025 run has been phenomenal. The “Timeless” album crossed 1 billion streams, becoming the first Afrobeats album to top US iTunes. Three Grammy nominations followed, along with a massive $10 million Puma endorsement deal. He’s commanding $300,000 to $600,000 per international show, selling out Madison Square Garden and London’s O2 Arena.
Beyond music, Davido runs Davido Music Worldwide and launched Nine+ Records with UnitedMasters in 2024. His toy collection includes a reported $78 million private jet, a Banana Island mansion worth $1.3-1.5 million, and a car collection valued at $2.87 million. That’s the 2025 Rolls-Royce Spectre and Maybach S680, if you’re wondering.
Akon ($40-60 Million)
Let’s clear something up right away. Akon is not a billionaire. Despite years of claims and media reports, credible sources consistently place his net worth between $40 million and $60 million. So what happened to that billionaire status?
It was built on smoke. The $6 billion Akon City project in Senegal officially collapsed in July 2025. After five years of big announcements, only one partial structure exists, an unfinished Welcome Center. The site’s now used for livestock grazing. Senegal’s Tourism Minister confirmed the project’s cancellation, and the land has been repurposed for a government-backed tourism hub.
Then there’s Akoin, his cryptocurrency that crashed 99% from its launch price. It’s now trading at essentially zero, and here’s the kicker: the Central Bank of West African States made cryptocurrencies illegal in Senegal anyway.
Akon’s real wealth comes from legitimate music success. He’s sold over 35 million albums with five Billboard Hot 100 number ones. His smartest move? Signing Lady Gaga to KonLive Distribution. He admitted in 2011 that he earned ten times more from her than from his own music that decade. Akon Lighting Africa remains a genuine achievement, installing 1 million solar streetlights across 14-25 African countries.
Wizkid ($30-50 Million)
Ayodeji Ibrahim Balogun has built a fortune estimated between $36.5 million and $50 million through streaming dominance and smart business moves. With over 4.2 billion streams and Starboy Entertainment under his belt, Wizkid’s been consistently winning.
Early 2025 brought reports of a $40 million UMG deal, described as the largest ever for an African artist, though full verification remains pending. His endorsement portfolio has seen some turbulence. He lost the Puma deal after reportedly demanding $10 million for renewal. Still, he maintains relationships with Pepsi and landed a Heineken deal in 2025.
What makes Wizkid’s wealth sustainable is his streaming power. Those billions of plays translate to consistent revenue that doesn’t depend on touring schedules or brand deals. He’s built a money-making machine that runs 24/7.
Burna Boy ($22-40 Million)
Damini Ebunoluwa Ogulu is experiencing the fastest wealth acceleration on this list. His estimated net worth has surged from $22 million toward $40 million, thanks largely to his historic “I Told Them…” tour.
That tour grossed $30.5 million across 22 shows, making it the highest-grossing tour by any African artist ever. His London Stadium show alone generated $6.147 million with nearly 59,000 attendees. These aren’t just impressive numbers, they’re reshaping what’s possible for African artists on the global stage.
His eighth studio album “No Sign of Weakness” dropped in July 2025, and with Grammy recognition already in his pocket, Burna Boy’s trajectory points straight up. He’s proving that touring revenue can differentiate artist wealth in a way streaming alone cannot.
P-Square ($25 Million)
Nigerian twin brothers Peter and Paul Okoye, collectively known as P-Square, command a combined net worth estimated at $25 million. They’re widely regarded as one of the most influential African acts of all time, integral to the evolution of 2000s and 2010s African popular music.
Their wealth stems from two decades of chart-topping hits, sold-out tours, and massive endorsement deals. Songs like “Do Me,” “Personally,” “Chop My Money,” and “Beautiful Onyinye” became anthems across Africa and beyond. Their “Gameover” album reportedly sold over 8 million copies worldwide, making it a landmark achievement in African music.
Despite splitting in 2017 to pursue solo careers as Mr P and Rudeboy, both brothers maintained successful individual ventures. They reunited in 2021, much to fans’ delight, though they’ve since separated again. Their endorsement portfolio has included major deals with Globacom, Olympic Milk, Merrybet, and Kia Motors Nigeria, bringing in hundreds of millions of Naira.
Their lifestyle reflects their success. Both own mansions in Lagos’s affluent areas including Lekki and Banana Island, with collections of Range Rovers, Bentleys, Mercedes G-Wagons, and Lamborghinis. They proved that twin talent, unity, and vision could create a legacy that transcends generations.
Don Jazzy ($25-35 Million)
Michael Collins Ajereh built his fortune by understanding that owning the label beats being on the label. The February 2024 Universal Music Group acquisition of a majority stake in Mavin Global, valued between $125 million and $200 million, represents African entertainment’s largest-ever exit deal.
Don Jazzy retained a stake and continues leading Mavin, whose roster includes Rema (whose “Calm Down” with Selena Gomez became the first African artist-led song to hit 1 billion Spotify streams) and rising star Ayra Starr. That’s the power of building artists who become global phenomena.
Beyond music, his empire stretches into Mavin Energy Limited and Jazzy’s Burger restaurant chain. His Lagos real estate portfolio alone exceeds 500 million Naira, and he’s got endorsement deals with Samsung, Johnnie Walker, and inDrive’s 2025 “Dream Ride” campaign.
Sarkodie ($15-20 Million)
Ghana’s Michael Owusu Addo stands as his country’s wealthiest musician with an estimated $15-20 million. His 107 awards from 191 nominations tell the story of sustained excellence, including the 2019 BET Hip Hop Award for Best International Flow.
SarkCess Music, his label, anchors his business portfolio alongside endorsements with Samsung, Standard Chartered Bank, and Guinness. His 2025 releases “Violence” and “Have Mercy 2” show he’s not slowing down. Sarkodie proves that regional dominance combined with smart business moves builds lasting wealth.
Rema ($15-20 Million)
At just 25 years old, Divine Ikubor, known professionally as Rema, has become one of Nigeria’s youngest millionaire musicians with an estimated net worth of $10-12 million. He’s Africa’s most-streamed artist, with over 5.2 billion streams across Spotify, Apple Music, YouTube, and Boomplay.
His breakout hit “Calm Down” with Selena Gomez became the first African artist-led song to surpass 1 billion Spotify streams, peaking at number three on the Billboard Hot 100. The song alone has generated over $3 million in royalties and counting. His album “Rave & Roses Ultra” became the first African album to surpass 2 billion Spotify streams.
His HEIS Tour has taken him from North America to Europe, with show fees ranging from $150,000 to $300,000 for mid-level performances and up to $3 million for high-profile international shows. His May 2025 Madison Square Garden concert grossed about $794,000, one of the highest for an Afrobeats artist.
His luxury lifestyle includes a 2025 McLaren GTS worth over $500,000, a Lamborghini Urus, a Bentley Beta, and a Mercedes-AMG G63. Despite his youth, he owns 60% of his publishing rights, with Mavin Records holding 40%, ensuring long-term royalty income. He’s also secured major endorsements with Pepsi and other brands.
Diamond Platnumz ($10 Million)
Tanzania’s Nasibu Abdul Juma Issack commands a confident $10 million through his WCB Wasafi empire. This isn’t just a record label, it’s a media conglomerate including Wasafi TV, Wasafi FM, and Wasafi Bet sports betting platform.
He became the first African-based artist to reach 1 billion YouTube views, earning approximately $2.7 million from YouTube alone in 2024. His 2025 launch of Wasafi Soap shows he’s expanding into consumer goods. Diamond Platnumz understands diversification better than most artists twice his age.
Wrap Up
Nigeria dominates with seven of ten positions. Black Coffee’s tech investments, Don Jazzy’s label exit, and Diamond Platnumz’s media empire generate more wealth than music alone ever could.
Burna Boy’s record-breaking tour suggests live performance might increasingly separate the wealthy from the super-wealthy. He earned more from 22 shows than many artists accumulate over entire careers. Meanwhile, Rema’s streaming dominance at just 25 proves that the new generation is building wealth faster than ever before.
