It is no news that Africa is a continent endowed with many good things and music cannot be left out.
This top ten list was put together using factors such as endorsement value, artist popularity, show rates, sales, awards YouTube views, appearance in newspapers, investment, social media presence, influence, and many other factors where considered according to African Hype.
Late Oliver Mtukudzu
Oliver was Zimbabwean by origin and a veteran in the African music industry. He successfully released 65 albums. He was not only a musician, but also was a philanthropist, businessman, and UNICEF ambassador for goodwill.
Oliver Mtukudzi has an estimated worth of 1.2 million dollars.
Nigerian-American singer Jidenna is a record producer, and songwriter. He is signed under Janelle Monae Wondaland Records. He was previously nominated for a Grammy award in 2016 and part of his achievements is that he won four awards from the Soul Train Music Awards.
He is worth 1.4 million dollars.
Late Hugh Masakela
Late Masakela is and was the second richest artist in South Africa. He had many honorary prizes and was nominated for a Grammy Awards. He died on January 23, 2018. He was a popular South African Trumpeter and that birthed his stage name ‘The Father of South African Jazz’
Hugh Masakela has an estimated worth of 1.5 million dollars
She is a Zimbabwean-American musician, songwriter, dancer, actress, and record producer. She is the only richest female musician in a list dominated by male singers. Tinashe has released many songs and mixtapes which have been featured on the Billboard 200 charts. She is not just a beauty, she is also a shining star.
Tinashe’s net worth is 6 million dollars.
Ghanian famous rapper Sarkordoe is the founder of Sarkcess record label and a fashion business called Sark Clothing. He is the richest musician in Ghana today. His wealth is sourced majorly from endorsement deals from Samsung Electronics and FanMilk.
Sarkodie’s net worth is 7 million dollars in 2020.
David Adeleke stage-named Davido is a Nigerian musician who took the African music industry by storm for many years. He is a singer, record producer, and songwriter who owns the record label, DMW Record. He was also assigned to the Sony Music Entertainment record label. He has won several awards like Music Video of the Year and African Artiste of the Year for his outstanding music and performances, Davido has a huge fan base all over the world and an enormous mansion in Nigeria’s Banana island.
Davido’s net worth is 24 million dollars
Ayodeji Balogun stage-named Wizkid is a Nigerian singer and songwriter. Wizkid started singing as a young child, in 2009 his journey into the music industry started officially, he was signed into Empire Mates Entertainment, which helped him rise to fame. In 2018, he became the first Afrobeats artist to be featured in the Guinness World Records. He has had endorsement deals with MTN, Glo, and Pepsi, which have made him wealthy. He is known, loved, and accepted globally.
Wizkid’s net worth is 20 million dollars.
Michael Collins Ajereh stage-named Don jazzy is the founder and the boss of his own record label Mavin Record (Supreme Mavins Dynasty). Don Jazzy was also the co-founder of Mo-hit Records. Not only have Mavin Record produced some of the biggest artists in Nigeria but also music that will forever linger in our hearts. Asides from music, Michael is also a businessman who has invested in real estate and the production of wifi.
Don Jazzy has an estimated net worth of 30 million dollars.
Black Coffee is a South African DJ known for his record label called Soulistic Music Record Label. He’s a music record producer, the second richest musician in Africa, and the richest artist in South Africa after Youssou. He has bagged global awards in music.
Black Coffee’s net worth is 60 million dollars.
Akon is an American singer of Senegalese origin. He is the number on the spot. He is a songwriter, entrepreneur, actor, and philanthropist. Akon is also among the top 10 richest rappers in Africa, he has sung and produced famous songs for over a decade. He has made more than 35 million sales through his songs and albums. He is planning to build a 6 billion dollar city in Senegal’s coastline.
Akon’s net worth is 80 million dollars.