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Top 10 Richest Rappers in Nigeria(2023)

Names such as Wizkid Davido and Burna Boy, Olamide are but a few of the biggest names in the Nigerian Music industry. In this article, we have gathered the top 10 wealthiest Rappers in Nigeria.


Nigeria is a hub for talented rappers in the African continent. These artistes make a lot of income from their talents. It is not surprising to see rappers from Nigeria ranked among the best musicians in the world.

Top 10 Richest Rappers in Nigeria(2023)

1Olamide 33$12 Million
2Phyno35$10 Million
3MI Abaga40$8 Million
4Ice Prince35$7 Million
5Reminisce 41$5 Million
6Falz31$4 Million 
7Naeto C$3.5 Million
8Illbliss$3 Million 
9Vector37$2 Million
10Naira Marley 31$1 Million 

1 Olamide – $12 million

Olamide is undoubtedly the most successful and richest rapper in Nigeria at the moment.


His career blossomed in 2010 when he released his single Eni Duro and in 2011 his album Rapsodi. The successful album was followed by the second album YBNL, which featured a few hit singles that made Olamide popular in no time.

Olamide has seven studio albums and is featured on one compilation recording. He has won many awards like a NEA, at the most prestigious Nigerian and African award ceremonies.

Top 10 Richest Rappers in Nigeria

2 Phyno -$10 million

Among the richest rappers in Nigeria is Phyno. The Penthauze boss started his music career in 2003 as a producer. He has crafted beats for top musicians such as Flavour, Timaya and many others.


Phyno owns many extravagant assets such as the 3-bedroom duplex worth about N170 million at Chevy View Estate, Chevron Drive in Lekki, and another mansion at Enugu State. He also owns expensive cars including a Rolls Royce Phantom.

3 M.I Abaga -$8 million

Among the richest rappers in Nigeria list is M.I Abaga.

MI was as CEO of Chocolate City from June 2015 to 2019. He has released four studio albums, four mixtapes and two EPs since debuting in 2008. MI has also bagged a lot of awards in Nigeria and Africa.


M.I has spent quit some time in the industry and has been working had and consistent,he has signed a deal with indigenous Telecom.company Glo Nigeria.

Among the cars in his garage includes; the Mercedes G wagon, and Bentley  Continental GT, among others.

Top 10 Richest Rappers in Nigeria

4 Reminisce -$7 million

Among the top 10 richest rappers in Nigeria. Reminisce is a Brand Ambassador for SAMSUNG.

He has released three studio albums in his career so far.


In 2014, Reminisce was ranked one of the top seven rappers in the world.

5 Ice Prince -$5 million

Ice Prince Zamani is one of the richest rappers in Nigeria. he is worth is estimated at $5 million.

Zamani began his musical career in 1999. He started writing Rap songs and performing at social events in his school. Subsequently, he started recording his songs in the studio and in 2002, he formed the ECOMOG Squad with some of his friends in Jos.

Ice Prince released his debut single which he titled Extraordinary in 2004. That same year, he also released RewindRewind got airplays and charted top on several radio stations.

Top 10 Richest Rappers in Nigeria

6 Falz -5 million


Folarin Falana, popularly known as Falz takes sixth place among the richest rappers in Nigeria in 2022. The rapper with an estimated net worth of  $4 Million is the son of the great Nigerian activist, Femi Falana.

Falz began his professional career as a music artist began in 2009 but became more well-known after releasing the song “Marry Me” featuring vocals from Poe and Yemi Alade.

He currently owns an independent record label called Bahd Guys Records. He released his debut album, Wazup Guy, in 2014. His second album Stories That Touch was released in 2015. He released 27 in 2017, and his fourth studio album Moral Instruction in 2019.

Top 10 Richest Rappers in Nigeria

7 Naeto C -$ 3.5 million

Naeto C has broken all boundaries and surpassed more limits than any up-and-coming artist, lyrically and in production. He is one of the richest rappers in Nigeria

He has been ranked among the richest and most influential artists in Nigeria.

Naeto has released four albums throughout his career with several hit singles including; Sitting on Top, I Believe, Ten Over Ten, and many more

8 Lynxxx -$3 million

Lynxxx became the first Nigerian artist to be endorsed by the global brand Pepsi. He is among the richest rappers in Nigeria.

n addition to his musical career, Lynxxx is also an entrepreneur. He established several successful businesses prior to his musical career, which includes a clothing line called Syndik8 Denim, a digital recording studio called Red Room Studio, a media company called Happy Teddy Media (HTM), and Syndik8 Films.

9 Lil Kesh -$ 2 million


Among the richest rappers in Nigeria is Lil Kesh. As a recording artist affiliated with YBNL Nation, Lil Kesh has established his own record label YAGI Records (an acronym for “Young And Getting It”) and is managed by Massive Management.

Lil Kesh is now based in the city of Lekki. He was a linguistic student at the University of Lagos before leaving school to concentrate on music

He has since released several hit songs including; Shoki, Gbese, Efejoku, Undertaker and many more

10 Vector -$ 2 million


He is the voice behind a Sprite commercial that aired on radio stations across Nigeria since 2009. He also had “the longest freestyle rap in Nigeria”

 Vector signed a joint venture with Starstruck Management Inc and Create Music Group to release his 4th studio project Extended play titled “Vibes Before Teslim: The Journey To Self Discovery”


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