A heated debate has erupted online following the reported release of Forbes’ list of the top five richest Nigerian artistes in 2025. While some fans celebrated their favorite artists’ rankings, others were quick to question the credibility of the list, particularly regarding Davido’s net worth placement.
Forbes’ Top 5 Richest Nigerian Musicians (2025)
According to the list:
1. Wizkid (Ayodeji Ibrahim Balogun) – $50M
• Recently acquired his second Ferrari worth N1.4 billion.
2. Burna Boy (Damini Ebunoluwa Ogulu) – $40M
• Grammy Award winner with multiple international deals.
3. Don Jazzy (Michael Collins Ajereh) – $30M
• Founder of Mavin Records, one of Africa’s most successful record labels.
4. Davido (David Adeleke) – $15M
• The “Unavailable” hitmaker and DMW boss.
5. Olamide (Olamide Adedeji) – $10M
• Founder of YBNL Nation and a key industry player.
Fan Reactions: Davido’s Net Worth Sparks Outrage
While Wizkid FC celebrated their favorite artist’s top ranking, Davido’s fanbase (30BG) was not having it, as they challenged the accuracy of the figures.
• @misschidel: “30bingo no go sleep this night oo😂😂.”
• @olorujuedalo37: “No one come close to Davido, believe it or not.”
• @pocopills: “Eyaaaa for una dreams abiiii !!😂😂 30BG let’s gather here and laugh at this s.tupid post 😂👏.”
• @joseph_dred: “Okay, Wizkid has $50M and Davido $15M?🤣🤡.”
• @officialpassmark: “Dey play, this one na Wizkid FC Forbes 😂😂😂.”
Some fans even suggested that Davido has earned much more than the listed amount, with @bendo_kreative claiming Davido made $10M twice last year alone.
Is the Forbes List Real?
While Forbes is known for its accurate wealth rankings, there is no official confirmation that this list came directly from the platform. The debate continues, with fans divided over whether the figures are legit or fan-made speculation.
Regardless of the controversy, one thing is clear—Nigeria’s music industry remains one of the most lucrative in Africa, with its top artists raking in millions globally.
