Forbes, one of the world’s most respected business and lifestyle publications, has unveiled its latest list of the Ten Richest Musicians in Africa, capturing the essence of the continent’s booming music scene.
This diverse group of stars spans genres and borders—from Nigerian Afrobeats legends and South African house music icons to Zimbabwean cultural giants. Their rise to riches goes far beyond just talent.
These artists have built business empires, inked endorsement deals, and captured global attention with their music and investments.
The Ten Richest Musicians in Africa and How They Made Their Millions
Africa’s music industry is now a global force, with its top stars earning millions from music, tech, fashion, and real estate. Here’s how the continent’s wealthiest musicians turned their fame into fortune.
1. Akon – Senegal – Net Worth: $80 Million
Akon, born Aliaune Thiam, is the richest musician in Africa. He rose to global fame with hits like Locked Up and Lonely.
Beyond music, Akon made serious money by launching Konvict Muzik, a label that signed big names like Lady Gaga. He’s also an investor in Akon Lighting Africa, which brings solar power to African countries, and Akon City, a planned smart city powered by cryptocurrency.
His work in the ringtone market, royalties from global collaborations, and investments in tech keep his fortune growing.
2. Black Coffee – South Africa – Net Worth: $60 Million
Black Coffee, real name Nkosinathi Maphumulo, is one of the biggest names in electronic and house music.
He broke out in 2005 and now performs around the world, from Coachella to Ibiza. His income also flows from investments in tech companies and real estate.
Brand partnerships with luxury labels and ownership of shares in South African tech firms have helped him become a business mogul outside the DJ booth.
3. Don Jazzy – Nigeria – Net Worth: $30 Million
Don Jazzy, born Michael Collins Ajereh, is a top Nigerian music producer and entrepreneur.
He co-founded Mo’ Hits Records and later launched Mavin Records, a label that developed stars like Tiwa Savage and Rema.
Don Jazzy makes money from music production, endorsements, and deals with brands like MTN and Loya Milk. His sharp business sense and role in building the Afrobeats sound put him high on this list.
4. Wizkid – Nigeria – Net Worth: $20 Million
Wizkid, real name Ayodeji Balogun, shot to international fame with songs like Ojuelegba.
He’s collaborated with Drake and Beyoncé and signed endorsement deals with Pepsi, Puma, and more. Wizkid also earns from global tours and album sales.
He runs his own label, Starboy Entertainment, adding to his income by promoting other artists.
5. Davido – Nigeria – Net Worth: $16 Million
Davido, born David Adeleke, became famous with his debut album Omo Baba Olowo.
He earns from record sales, shows, and brand deals with companies like MTN. Davido also runs DMW (Davido Music Worldwide), a label signing top talent across Africa.
His family wealth, combined with business deals and music success, keeps him among Africa’s richest entertainers.
6. Jidenna – Nigeria/America – Net Worth: $7 Million
Jidenna Mobisson made waves with his breakout song Classic Man. He mixes African rhythms with American hip-hop, building a global fanbase.
In addition to music, Jidenna acts, invests in real estate, and supports tech ventures. His public speaking and media appearances also boost his income and influence.
7. Tinashe – Zimbabwe/America – Net Worth: $6 Million
Tinashe Kachingwe started her career young, first as a model and actress, then as a music artist.
She’s released several successful albums and earns from tours, streaming, and commercials. She also voiced characters in films like The Polar Express.
By focusing on independent music releases, she now controls her creative direction and profits.
8. Oliver Mtukudzi – Zimbabwe – Net Worth: $5–10 Million
Oliver “Tuku” Mtukudzi was a legend with more than 60 albums to his name. His blend of traditional Zimbabwean sounds with modern influences gained fans worldwide.
He toured globally and licensed his music for movies and cultural projects.
Tuku used his platform to raise awareness about social issues, building a lasting legacy and wealth.
9. Hugh Masekela – South Africa – Net Worth: $5–10 Million
Hugh Masekela was a jazz icon and trumpeter with hits like Grazing in the Grass.
He toured globally and worked with Paul Simon and Fela Kuti. Masekela’s earnings came from performances, album sales, and licensing his music for films and ads.
He’s also remembered for using his music to fight apartheid and promote African culture.
10. Sarkodie – Ghana – Net Worth: $5 Million
Michael Owusu Addo, better known as Sarkodie, is Ghana’s richest musician. Known for tracks like Adonai, Sarkodie is an award-winning rapper who built his empire through music, tours, and endorsements.
He also runs a clothing line called Sark Collection. Sarkodie’s work in charity and business makes him a respected figure both in and out of the studio.
Africa’s Richest Musicians Show Business Power Beyond the Stage
These ten artists have turned their talent into business empires, proving that African musicians can compete globally not just in sound, but also in strategy.
They have built wealth by expanding into tech, fashion, real estate, and philanthropy. From Akon’s smart cities to Don Jazzy’s music empire, they’ve shown that success in music can be the foundation for lasting financial power.
Each name on this list is more than just a performer—they’re entrepreneurs, visionaries, and global icons shaping Africa’s cultural and economic future.
