Top 10 Richest Rappers In Nigeria (2022)

The Nigerian music industry is arguably one of the biggest in the world, the industry is notable for producing some of the biggest acts in Africa like Wizkid Davido and Burna Boy. The Nigerian rap scene is another noteworthy force within the industry, producing prominent acts like MI Abaga, Neato c, Olamide and many more, who are being paid handsomely in exchange for their creativity. This has led us to compile a list of the richest rappers in Nigeria in 2022.

Richest Rappers in Nigeria (2022)

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1. Olamide

Olamide Badoo, with an estimated net worth of $12 Million is the richest rapper in Nigeria in 2022 and on the continent. The 33-year-old rapper is regarded as the king of street bangers and the best indigenous rapper in the country as he raps in Yoruba and English.

Olamide began his musical career in 2011, releasing his debut album Rapsodi as a signee of Coded Tunes. He has since then released eight additional studio albums, 2 collaborative albums and 1 EP.

He is the founder of YBNL nation, a record label responsible for the success of many young artists in the industry, such as  Lil Kesh, Adekunle Gold, Fireboy and many others.

2. Phyno

Phyno Fino takes second place among the richest rappers in Nigeria in 2022, with an estimated net worth of $10 Million. the Enugu based superstar is renowned for rapping in the Igbo language. He is also a songwriter and record producer

Although Phyno began his music career as a producer in 2003, he began to identify as a rapper after releasing his debut studio album No Guts No Glory in 2014. He has since released three other studio albums and one collaborative album with Olamide.

He is the convener of Phynofest – an annual 1-day music festival in South East, Nigeria that sees the attendance of more than 50,000 people in 2017.

3. MI Abaga

The GOAT of the Nigerian Rap Industry, MI Abaga, with an estimated net worth of $8 Million joins the list of the richest rappers in Nigeria in 2022. The 40-year-old Rapper was the CEO of Chocolate City from 2015 to 2019 and a force to reckon with in the Nigerian music industry.

M.I He rose to prominence in 2006 with the song  “Crowd Mentality”. His debut studio album “Talk About It” was released in 2008. The LP was succeeded by MI 2: The Movie (2010). Four years later, he released The Chairman as his third studio album. In August 2018 he released his fourth studio album A Study On Self Worth: Yxng Dxnzl.

As earlier stated M.I is considered the GOAT of the Nigerian rap industry, his rapping techniques are sometimes compared with successful international rappers such as Kanye West, Lil Wayne and Jay-Z.

4. Ice Prince

Former Chocolate City protege, Ice Prince, with an estimated net worth of $7 Million, takes fourth place among the richest rappers in Nigeria in 2022. The Oleku Crooner is one of the most successful rappers on the continent.

He rose to fame after releasing “Oleku”, one of Nigeria’s most remixed songs of all time. His debut studio album Everybody Loves Ice Prince was released in 2011. He has since then released 4 additional projects and one collaborative album with the chocolate city.

Ice Prince is one of the few Nigerian artists to win a BET award. He was the first African artist to win the award as a solo act.

5. Reminisce

Legendary Yoruba Rapper, Reminisce popularly known as Agala Ibile is one of the richest rappers in Nigeria in 2022, with an estimated net worth of $5 Million. He performs in English and his native language, Yoruba.

Although Reminisce recorded his first song in 2006, he never rose to prominence until 2008, when he was featured on “Bachelor’s Life” a track on 9ice’s sophomore album titled “Gongo Aso”. He released a single titled “Ever since” after the 9ice feature. The song showed Reminisce’s versatility as a singer and rapper, thereby establishing him in the Nigerian music scene.

With four studio albums to his name, Reminisce has established himself as a force to reckon with in the Nigerian rap industry. In 2014, TIME Magazine named Reminisce one of the seven “World Rappers You Should Meet.

6. Falz

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.

7. Naeto C

Naeto C takes seventh place among the richest rappers in Nigeria in 2022 even though he is no longer on the rap scene. The American born rapper has an estimated net worth of $3.5 Million

Although Naeto C has just four albums in discography, a lot of people remember him by his critically acclaimed album, Super C. The album contains hit songs such as Ten over Ten, Ako Mi Ti Poju, and Voodoo. The album won him a headies for the Album of The Year, in 2012.

In 2019, the Governor of Imo State, Emeka Ihedioha appointed Naeto C, as his Special Assistant on Lagos Liaison.

8. Illbliss

The Ogaboss of the Goretti Company, Illbliss, with an estimated net worth of $3 Million joins the list of the richest rappers in Nigeria in 2022. The Nigerian businessman is responsible for launching the careers of Chidinma and Phyno and many others in South East, Nigeria.

Illbliss released his debut album, Dat Ibo Boy, which dropped in 2009, he has since then released 6 additional studio albums, 2 Eps and a collaborative album with Teck Zilla in 2019.

Like many on this list, Illbliss is a recipient of numerous awards including the Soundcity Music Video Awards.

9. Vector

King Kong crooner, Olanrewaju Ogunmefun, popularly known as Vector with an estimated net worth of $2 Million takes ninth place among the richest rappers in Nigeria in 2022. The 37- year-old rapper is one of the notable lyricists in the country.

Vector began his career in 2010  releasing his first official single “Kilode” for the album State of Surprise. He has since then released six additional projects including a collaborative album with Masterkraft

Vector was prominent for his rap supremacy battle with Jude “M.I” Abaga.  He released “The Purge” (featuring Vader and Paper) a diss track against MI  and also #JudasTheRat which was a response to M.I’s #ThaViper.

The duo however squashed their beef in 2020 and met in the third and final part of “The Conversation”, a Hennessy Nigeria documentary series based on their rivalry.

10. Naira Marley

President of the Marlians, Naira Marley, with an estimated net worth of $1 Million concludes the list of the richest rappers in Nigeria in 2022. The British Nigerian Rapper is one of the most controversial acts the Nigerian industry has seen in recent times.

He came into prominence in 2017 after releasing “Issa Goal”,  a song which became the theme song for the Super Eagles at the 2018 FIFA World Cup. He since then released several street bangers  Such as “Am I A Yahoo Boy” after he was arrested by the Economic and Financial Crimes Commission (EFCC) and  “Soapy”,  a few days after he was released from prison.

Summary

Here is a recap of the richest rappers in Nigeria in 2022

1. Olamide – $12 Million
2. Phyno – $10 Million
3. MI Abaga – $8 Million
4. Ice Prince – $7 Million
5. Reminisce – $5 Million
6. Falz – $4 Million
7. Naeto C – $3.5 Million
8. Illbliss – $3 Million
9. Vector – $2 Million
10. Naira Marley  – $1 Million