…We bring to you the latest list of the top 10 richest female musicians in Nigeria as of 2023, and their current net worth
Undeniably, women in the Nigerian music industry have made significant strides, reaching levels of financial success that rival those of their male peers. They consistently make waves in the industry, attracting as much attention as top female artists in Hollywood.
Previously, the Nigerian music scene was heavily influenced by American artists. But today, Nigerian musicians have stepped up, gaining ground and capturing market share previously held by American talents.
Once, the airwaves in Nigeria were filled with songs from global icons such as Whitney Houston, Toni Braxton, Celine Dion, and Mariah Carey. However, the current music landscape is being shaped by local artists including Yemi Alade, Seyi Shay, Tiwa Savage, and Chidima.
The success of these Nigerian female artists has also contributed to their growing wealth. While they may not yet match the financial heights of their American counterparts, they are steadily moving in that direction, testament to their burgeoning success in the music industry.
This article is devoted to these richest female musicians in Nigeria to discover their net worth. Did any of these women make it to the list of the top 10 richest musicians in Nigeria? You should check that out.
How much money do these Nigerian female musicians have in the bank? In order to calculate the worth of their endorsements and deals, we simply tallied all of their totals.
These female musicians are ranked according to our standards, starting with the wealthiest.
1. ASA – Net worth $28 million
Richest female musicians in Nigeria – asa
Date of Birth: 17th September 1982
Current Albums Released: 3
MOst Famous Song: Eye Adaba, and Jailer
Net Worth $28 million
Other Income Sources: Endorsements
First on this list of the richest female musicians in Nigeria is Asa.
Asa whose birth name is Bukola Elemide, is a Nigerian-French singer, recording artist, and songwriter who began singing in 2004. She released her first album Asa (Asha) which was produced by Cobhams Asuquo.
On her return to Nigeria from France, for the second time, she released her first single, “Eyé Adaba,” Which was starting to gain some airplay at the time.
Naive Records immediately signed Asa to their Record label. Asa’s platinum-selling debut album was co-produced by her and Cobhams Asuquo, who were joined by new collaborators Christophe Dupouy and Benjamin Constant.
Did you know that Asa studied in Lagos state University, one of the best universities in Nigeria?
She is popularly known by her hit track Jailer which has received a lot of recognition after it was released. Asa has established herself as a unique entertainer with her heavily flooded live shows. She is no doubt one of the richest Nigerian singers.
2. Tiwa Savage – Net worth $9 million
Date of Birth: 5th February 1980
Current Albums Released: 3
MOst Famous Song: Kelekele Love, Sombody’s Son
Other Income Sources: Endorsement Deals, Acting, Songwriting
Without a shadow of a doubt, Tiwa Savage is one of the most financially successful female musician in Nigeria.
The singer best known for her hit single “Kele Kele Love” has been active in the music business for quite some time, and as a result, she is familiar with its ins and outs.
Tiwatope Savage was born on February 5, 1980, and she began her career in music when she was sixteen years old. She has won multiple awards for her work, and she began her career as a vocal singer for George Michael and Mary J. Blige.
She is second on this list of the richest female musicians in Nigeria in terms of her wealth. Even more recently, she signed a deal with Jay-z music record label worth multiple millions of dollars, which contributed to a rise in her net worth.
3. Yemi Alade Net worth $6.5 million
Date of Birth: 13th March 1989
Current Albums Released: 5
MOst Famous Song: Johnny
Net Worth $6.5 million
Other Income Sources: Endorsement Deals, Tv Shows, Songwriting
Popularly known by her fans by her stage name Yemi Alade, Yemi Eberechi Alade was born on March 13, 1989 in Abia State, Nigeria. Her admirers know her better by her stage name.
2005 marked the beginning of her career as a musician, but her victory on the Peak Talent Show in 2009 was the turning point in her life.
She won the Peak Talent Show in 2009 after which she signed to Effyzzie Music Group, and had a hit with her single “Johnny” in 2014. Her song “Johnny,” has been viewed more than 20 million times on YouTube.
4. Omawumi – Net worth $3 million
Date of Birth: 13th April, 1982
Current Albums Released: 4
MOst Famous Song: Bottom Belle
Net Worth $3 million
Other Income Sources: Endorsement Deals, Acting, TV shows
Omawumi Megbele, better known by her stage name as Omawumi, is a Nigerian female afro-pop, pop, Soul, and R&B singer and actress. She was born on the 13th of April, 1982 in Delta State, Nigeria.
She represents such companies as, Konga.com, Globacom, and Malta Guinness as a brand ambassador. Additionally, she is a participant in the movement that is referred to as “Rise with the Energy of Africa.”
She rose to prominence after finishing in second place in the seventh season of West African Idols, a reality TV show that was a part of the Idols franchise.
Since that time, she has progressed to become one of the best in the Nigerian music industry thanks to the fact that she has featured a number of well-known Nigerian performers.
She has starred in several movies such as Make a Move, Inale, House of Gold, and The Return of Jenifa. Her feats over the years in the music industry has earned her a spot among the richest female musicians in Nigeria.
5. Chidinma – Net worth $2.8 million
Richest female musicians in Nigeria – Chidinma
Date of Birth: 13th March 1991
Current Albums Released: 1
MOst Famous Song: Kedikeh
Net Worth $2.8 million
Other Income Sources: Endorsement Deals, Acting
Chidinma, whose real name is Chidinma Ekile and who was born on May 2, 1991, is a gospel singer and songwriter who is based out of Nigeria. In 2010, she won the third season of Project Fame West Africa, which catapulted her to the forefront of the entertainment industry.
After the debut of the music video for her single “Emi Ni Baller,” she made history by becoming the first female musician to ever top the MTV Base Official Naija Top 10 list with her performance at number one.
In 2011, she issued the track “Jankoliko,” which had assistance from Sound Sultan. Her self-titled first album, Chidinma, was distributed on the online music service Spinlet. The album was accompanied by the singles “Kedike,”“Carry You Go,” and “Jankoliko,” and “Run Dia Mouth.”
She was just signed by Eezee Concept, and the first single from her new album, Jehovah Overdo, was released. She currently ranks number four as one of the top ten richest female musicians in Nigeria.
6. Seyi Shay – Net worth $2.1 million
Date of Birth: 21st December 1985
Current Albums Released: 3
MOst Famous Song: Yolo Yolo
Net Worth $2.1 million
Other Income Sources: Endorsement Deals, Acting, TV Reality Shows
Singer, songwriter and actress Deborah Oluwaseyi Joshua (born Oluwaseyi Joshua; December 21, 1985) is better known by her stage name, Seyi Shay. Crime Life: Gang Wars, a Konami game, featured three of her compositions on the soundtrack.
She also wrote Melanie C’s third studio album, Beautiful Intentions, the song “You Will See” (2005). One of Chip’s Transition albums, “White Lies,” was written by Shay.
From Above, a now-defunct pop female group, hired her as their main singer in 2008. After signing a recording contract with Sony’s Columbia Records, the band was placed under the management of Mathew Knowles’ Music World Entertainment.
Etisalat, a telecoms service provider in the United Arab Emirates, recruited Shay as an endorser in November of that year. Since making her mark in the music industry in 2001, Seyi Shay has not shown any sign of slowing down as she keeps rocking the music industry with her tracks.
The African-American singer has achieved her measure of success in her years of singing which has earned her a spot in the list of the richest female musicians in Nigeria with a net worth of $2.1 million.
Seyi Shay is one of Nigeria’s most exposed musicians and currently one of the richest female musicians in Nigeria with a net worth of $2 million.
7. Simi – Net Worth $2 million
Date of Birth: 19th April, 1988
Current Albums Released: 4
MOst Famous Song: Joromi, Jamb Question
Net Worth $1.5 million
Other Income Sources: Endorsement Deals, Acting, TV Reality Shows
Nigerian singer, songwriter, and actress, best known by her stage name Simi, was born Simisola Bolatito Kosoko on April 19, 1988 in Ibadan, Bayelsa State. Ogaju is the name of her first studio album released in 2008, and she was also a judge on the seventh season of Nigerian idol Tv programme in 2022.
When she released the song “Tiff,” which was nominated for Best Alternative Song at the 2015 Headies, she rose to fame. After signing a record deal in 2014, Simi left X3M Music in May 2019 after her contract expired.
As of September 8, 2017, Simisola was released as her second studio album. Her 30th birthday on April 19, 2019, coincided with the release of her third studio album, Omo Charlie Champagne, Vol. 1. Studio Brat was founded in June of this year.
Now a mother of one and the beautiful wife of fellow music star Adekunle Gold, Simi has also risen through the ranks and has earned her spot on the list as one of the richest female musicians in Nigeria.
8. Waje – Net Worth $1.7 million
Date of Birth: 1st September, 1980
Current Albums Released: 3
MOst Famous Song: One Naira
Net Worth $1.7 million
Other Income Sources: Endorsement Deals, TV Reality Shows
Waje is the stage name of Aituaje Iruobe, a Nigerian singer whose singing capacity spans three octaves. She first came to the public’s attention after being included on the cover version of P- Square’s “Omoge Mi.”
Additionally, Waje was featured on the duo’s hit single “Do Me,” which was released in 2008. In addition, she provided vocals for the songs “Thief My Kele” by Banky W and “One Naira” by M.I.
In 2016, Waje was one of the four judges on the first season of The Voice Nigeria. Waje had a recurring role on the Africa Magic soap Battleground’s penultimate season in 2018, which aired in 2018.
With three albums to her name, Waje has bagged 19 awards in the course of her glittering career. She has also been involved in several charity works Through her organization, “Waje’s Safe House,” which she runs in conjunction with a number of other non-governmental organizations (NGOs) on a quarterly basis, Waje did volunteer work with the young people in her town.
The Mental and Environmental Development Initiative for Children was the first project that Waje’s Safe House assisted with. This project assisted the Project HELP (Help Educate the Less Privileged), which had the objective of raising finances for enabling children to continue their studies in the school in Makoko. These funds were raised through Waje’s singles “Oko Mi” and “I Wish,” which both featured Ring Back Tones.
9. Madrina (Cynthia Morgan) – Net Worth $1.5 million
Date of Birth: 23rd September, 1991
Current Albums Released: –
MOst Famous Song:Kuchi Kuchi
Net Worth $1.5 million
Other Income Sources: Songwriting
Cynthia Ikponmwenosa Morgan is a singer and composer who was born in Nigeria on September 23, 1991. She is one of the richest female musicians in Nigeria today. Cynthia was once known by her previous stage name, Cynthia Morgan, but she now performs under the moniker Madrina. Pop, hip hop, dancehall, and rap are the four genres that come together in her music.
She came to the forefront of public attention after the release of two singles, “Lead Me On,” and “Don’t Break My Heart” both of which were met with widespread airplay and favorable reviews from music reviewers.
Her first role was in the 2016 Nollywood film “The Wrong Number,” which was directed by Saint Joseph ovensehi and was also starred in Ay’s comedy movie, A trip to Jamaica. Mardrina now has four awards to her name.
10. Nneka – Net Worth $1.3 million
Date of Birth: 24th December 1980
Current Albums Released: 6
MOst Famous Song: Heartbeat
Net Worth $3 million
Other Income Sources: Songwriting
Nneka Lucia Egbuna was born on December 24, 1980. She sings English, Igbo, and Pidgin.
Nneka first attracted public prominence in 2004 when opening for Sean Paul at Hamburg Stadtpark. Following accolades, she revealed plans to create her first album. After releasing The Uncomfortable Truth, she toured Germany, Austria, and Switzerland in April 2005.
Nneka sings more than she raps, yet she names hip hop as her major musical origin and most essential source of inspiration. She cites Fela Kuti, Bob Marley, Mos Def, Talib Kweli, and Lauryn Hill as key influences in her pursuit of musical fame.
Her lyrics represent her Nigerian and European life. Her songs focus on capitalism, poverty, and war and are laden with moral and theological overtones. Some music commentators compare her to Erykah Badu, Neneh Cherry,and Floetry.
Since Nneka Egnuna is currently operating in Germany, and since she is bringing honor to our nation there, she has earned a spot on our list.
It is true that the music industry is a male domineered industry but it is also equally important to note that women can do well in the industry too.
Female artistes deserve utmost respect for their hustle, drive and success akin to their male counterparts.
In this article, we have been able to compile a list of the top 10 richest female musicians in Nigeria. These female artiste have also achieved their measure of success and deserve to be given special consideration as far as music is concerned.
(Owogram)
