Black Coffee one of the top 20 Richest Muscian In Africa
Black Coffee one of the top 20 Richest Muscian In Africa

Music is one of the popular entertainments enjoyed by almost every individual across the world. music artists are loved because of their lyrical and musical skills which appeal to many persons who become their fans and followers. Interestingly, many musicians have made fortune from music which makes them afford and live a luxurious life. Therefore, we have decided to limit our discussion on the Richest Musicians in Africa 2020 who are among the Top 50 Richest Musicians in Africa.


Music has gone beyond entertainment but becomes a source of livelihood for many. Africa music industry is very lucrative with numerous music artists enjoying not just the fame that comes with it but also the wealth they enjoy. Among the many African music artists, we have compiled the 20 richest African musicians for 2020 as highlighted below.

  1. Akon
  2. Black Coffee
  3. Davido
  4. Wizkid
  5. Don Jazzy
  6. Sarkodie
  7. Tinashe
  8. Diamond Platnumz
  9. P-Square
  10. D Banj
  11. 2Face
  12. Hugh Masekela
  13. Jidenna
  14. Youssou N’Dor
  15. Koffi Olomide
  16. Salif Keita
  17. Fally Ipupa
  18. Banky W
  19. Jose Chameleon
  20. Oliver Mtukudzi

There you have the list of the top 20 Richest Musicians in Africa 2020 and further provided more information about each musician below.

  • #1. Akon
  • Country: Senegal
  • Net Worth: $80 million
Akon One of the Richest Musicians in Africa
Akon One of the Richest Musicians in Africa

The first musician on our list on Richest Musicians in Africa 2020 is none other but Akon who has consistently ranked on this list for a very long time. The music artist, songwriter, and record producer have produced several albums to his name some of which is rated among the top 100 hot billboard songs. Akon also earns from endorsement deals aside from album sales and has won several awards as well.

  • #2. Black Coffee
  • Country: South Africa
  • Net Worth: $60 million
Black Coffee one of the top 20 Richest Muscian In Africa
Black Coffee one of the top 20 Richest Musicians In Africa

Black Coffee has built for himself a reputation in South Africa and Africa at large revered as a legendary musician. Black Coffee is not just a music artist but a DJ, record producer who owns Soulistic Music Record Label, his record label. Music has been the main contributor to his wealth which earned him the second spot on our list.

  • #3. Davido
  • Country: Nigeria
  • Net Worth: $35 million

David Adedeji Adeleke popularly known as Davido is also one of the rich music artists in Africa. The pop star music artist became prominent in the Nigerian music industry with his hit single “Dami Duro” in 2011 and has since then become unstoppable having gone on to amass a huge fortune through music and won numerous awards both locally and internationally. Also, this songwriter and record producer is the owner of DMW Record.

  • #4. Wizkid
  • Country: Nigeria
  • Net Worth: $35 million

Wizkid who goes by the name Ayodeji Ibrahim Balogun is another Nigerian musician on the list currently doing well both musically and financially coming in at the 4th spot on our list and also among the Top 50 Richest Musician in Africa. Wizkid music career dates back to when he was in his church choir at age 11 but came to limelight in 2009 when he released the hit single “Holla at Your Boy”. He has since then released several other singles and albums through which the talented music artist has made a fortune for himself.

  • #5. Don Jazzy
  • Country: Nigeria
  • Net Worth: $30 million

Don Jazzy is more of a songwriter, recording producer than a singer however, he is not left out among the richest musicians in Africa. He is the CEO of Marvin Records which houses numerous talented artists including Tiwa Savage, Reekado Banks, Di’ja among others. He has won several awards most of which fall under the Best Producer of the Year category. More so, he has worked with numerous famous artists both international and local.

  • #6. Sarkodie
  • Country: Ghana
  • Net Worth: $7 million

Ghana is home to our next rich musician and that is Sarkodie who is famous in Ghana and Africa at large and consistently ranked among the Top 50 Richest Musicians in Africa. As far as Ghana’s contemporary music is concerned, Sarkodie has contributed immensely and he is revered and tagged a legendary music artist in the country who also has a continental presence in Africa. He is no restricted to singing alone but also a songwriter, entrepreneur, record producer and philanthropist who has immensely contributed to the welfare of many children in Ghana.

  • #7. Tinashe
  • Country: Zimbabwe/USA
  • Net Worth: $6 million

Taking us further is Tinashe, the only female on our list who also cannot be ignored as she has made a fortune through music. She is revered and rated among the outstanding female singers in Africa having started her music career since she was young. Her sonorous voice is a valuable asset that often sweeps her fans off their feet. Aside from music, she also serves as an ambassador for many brands which also contributes to her wealth.

  • #8. Diamond Platnumz
  • Country: Tanzania
  • Net Worth: $5 million

Diamond Platnumz is a proficient singer, songwriter, actor, businessman, and entrepreneur who has made a huge fortune from the music industry within a short span of being in the industry. The singer is rated the richest musician in East Africa but rated the eight richest in Africa.

  • #9. P-Square
  • Country: Nigeria
  • Net Worth: $2.5 million

P Square comprises of the twin brothers Peter and Paul Okoye who have been at the top tier of Nigerian and African music entertainment over a decade now. The duo has released several albums that have fetched them quite a huge fortune. They also blend their music with dance steps which makes them unique and attract fans within and outside Nigeria. P-Square has worked and collaborated with famous local and international music artists. However, both departed due to a rift between them but we are glad that the duo is back together to continue the production of good music.

  • #10. D Banj
  • Country: Nigeria
  • Net Worth: $ 2million

D’banj popularly referred to as the Koko Master is a singer and a songwriter who has made a name as well as a fortune for himself in the music industry. He and Don Jazzy co-joined to establish Mohit Record Label but the duo later departs and went their separate ways. Dbanj album has sold over 4 million copies and still selling high till date. He also earns money through endorsement deals of popular brands.

  • #11. 2Face
  • Country: Nigeria
  • Net Worth: $2 Million

2Face one of the respected and loved in and around Africa and one of the music artists who has for over one decade remained consistent in the music industry. Tuface came to limelight with his hit single “African Queen” which was widely by millions of fans within and outside Nigeria. The sensational singer is also a CEO who owns his record label “Hypertek Digital Entertainment”.

  • #12. Hugh Masekela
  • Country: South Africa
  • Net Worth: $1.5 million

Hugh Masekela is a veteran South African musician who has been dubbed as the father of South African Jazz. He remains relevant even in the modern music industry. Masekela excels in the music industry been a trumpeter, flugelhornist, cornelist, singer, and songwriter. He has made quite a fortune for himself earning him a spot on our list having released over 60 albums which have won him numerous awards.

  • #13. Jidenna
  • Country: Nigeria/American
  • Net Worth: $1.4 million

Jidenna takes us back to Nigeria coming in at the 9th spot on our list. The contemporary music is a rapper, singer, songwriter, and record producer who is currently with the Jannelle Monae’s Wondaland Record. Jidenna is at the top gear of his music career having been nominated for several awards.

  • #14. Youssou N’Dor
  • Country: Senegal
  • Net Worth: $1.3 Million

We have another Senegalese on our list and that is Youssou N’Dor, a veteran singer considered to be Senegalese most famous living singer. Yousso said to be the originator of the Mbalax music style and rated among the successful singers in the world. He was not limited in music alone but also featured in the movie Amazing Grace in 2006 and was an onetime minister of Tourism for Senegal.

  • #15. Koffi Olomide
  • Country: Congo
  • Net Worth: $1.3 Million

Koffi Olomide is also one of the consistently ranked among the legendary musicians come out of Congo. He is also regarded as an excellent songwriter, dancer, and record producer who has made a fortune out of music that he has consistently been ranked among the Top 50 Richest Musicians in Africa. The Congolese music veteran has scooped several awards as a recognition of his creativity and contribution to the music industry.

  • #16. Salif Keita
  • Country: Mali
  • Net Worth: $ 1.1 Million

We have yet another veteran musician on our list and this time it is Salif Keita from Mali. The musician s highly regarded in Mali and Africa at large known majorly as a pop and Afro singer. The legendary music artist is believed to have ever sung some of the best and unforgettable Malian songs.

  • #17. Fally Ipupa
  • Country: Congo
  • Net Worth: $ 1 Million

Fally Ipupa is another well recognized Congolese singer and songwriter in the African continent. The music artist is celebrated for making the Lingala music into a contemporary genre. Fally Ipupa was once in the Quartier Latin International, a music band formed by Koffi Olomide before finally standing alone. Fally Ipupa also serves as endorsement deals for mega-companies.

  • #18. Banky W
  • Country: Nigeria
  • Net Worth: $ 1 Million

Banky W takes us back to Nigeria, known as a songwriter, actor, and singer rated as one of the best R&B music artists in Africa. Banky W fame spread across Africa and beyond and he has featured with several famous artists both locally and internationally. However, the music artist enjoys huge endorsement deals with mega-companies and as well expanded his tentacles into politics. He has also featured in several movies that made hit including “Up North” and “Wedding Party”.

  • #19. Jose Chameleon
  • Country: Uganda
  • Net Worth: $ 1 Million

Jose Chameleon is a popular Uganda AfroBeat musician and one of the highly ranked musicians in the country also ranking among the Top 50 Richest Musicians in Africa with a wealth of around 1 million dollars. The music artist is famous for his unique music style which he sings in Swahili, English, and Luganda languages. Jos Chameleon also lives a luxurious life owning a mansion in Kampala and a garage full of cars.

  • #20. Oliver Mtukudzi
  • Country: Zimbabwe
  • Net Worth: $1 million

We have on our list at the last spot a Zimbabwe veteran musician popularly known as Oliver Mtukudzi, a renowned singer, songwriter, and philanthropist. He is famous for his unique cultural music which interprets Zimbabwe and African lifestyle. He has many albums to his name and won several awards as well.

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Conclusion on the Richest Musicians in Africa 2020 and their Net Worth Top 20

This list is dynamic and it changes from time to time that is why you may not find some of your anticipated music artists on the Richest Musicians in Africa 2020 because someone who is on this ranking today may not tomorrow. More so, from the list, you can see that the majority of music artists on this list are Nigerians which means that Nigeria produced the highest number of richest music artists in the continent.

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