Net Worth & Profile
What is Wizkid’s Net Worth 2023/2024?
The African star boy Ayodeji Ibrahim Balogun, popularly known as Wizkid, is presently one of the biggest Afrobeat superstars on the globe. Wizkid is no doubt one of the richest musicians on the globe with an estimated net worth of $30 million, so here is a peek at the famous singer’s financial journey.
What Are The Sources Of Wizkid’s Wealth?
In addition to examining Wizkid’s rise to prominence, let’s examine his many revenue streams. The main sources of wizkid’s fortune demonstrate his commercial savvy and adaptability. The majority of Wizkid’s Net worth is from his music career. Wizkid’s music career, endorsement deals, business ventures, and other investments are some of the ways he’s accumulated his net worth.
1. Music Streaming Platforms
The streaming Wizkid gets from his songs is his main source of revenue. He gets a good sum of money from these streams each time he publishes a new record. The total amount Wizkid has made from all of the streams he has received must be taken into account in order to calculate his net worth. Online reports claim that Wizkid has received over 10 billion streams across all streaming services combined.
Spotify statistics show that he has 6 Billion streams across all credit on the platform, 2 billion streams as a lead artist, and 4 billion on featured records. According to a Business Day report, he is also the first artist in Africa to cross One billion streams on Apple Music. Most of these services provide the artist, on average, $0.003 for each stream. As a result, doing the arithmetic gives us an estimated $30 million in streaming revenue from various sources.
2. Income from Youtube
Wizkid also generates some of his fortune from streaming on his YouTube channel. With over 2.9 Million subscribers, he is one of the most viewed African artists on the platform with over 1.8 Billion total Video views. The Video for his 2019 international hit single “Joro” is his most-viewed video with over 250 Million views.
His 2020 global hit single “Essence” Featuring Tems, takes the second spot with over 160 Million views. Other videos such as “Come Closer” Featuring Drake, Soco, and Fever have accumulated more than 100 Million streams on the platform. Based on the number of views, Wizkid’s YouTube is estimated to be worth around $2.85 MIllion.
3. Record Label
In March 2013, Wizkid founded Starboy Entertainment. He disclosed his intentions to sign fresh performers to the label to Silverbird Television’s Yvonne Ekwere. Maleek Berry became an in-house producer for Wizkid when Legendury Beatz and Berry were first signed to the label.
Wizkid signed L.A.X as Starboy’s first recording artist in August 2013. DJ Tunez started working as the label’s in-house disc jockey in February 2016, and in May 2016 Mr. Eazi, R2Bees, and Efya were signed. R2Bees, Terri, Efya, and Legendury Beatz are among the other musicians signed to the label. Jada P. is the label’s current manager.
Starboy Entertainment has received four nominations from The Beatz Awards and one nomination from the City People Entertainment Awards for best record label. As the Chief Executive Officer of the Label, Wizkid has reportedly earned an undisclosed amount of fortune by managing the artists on the record label.
4. Business Ventures
Wizkid’s entrepreneurial endeavors increase his revenue streams as well. He has made investments in tech businesses, real estate, and fashion. For instance, he started Starboy Merch, a clothing business that offers goods influenced by his brand. In 2010, he collaborated with the giant sportswear brand Nike to release a brand jersey, which sold out in 10 Minutes upon release.
Wizkid debuted his own clothing line, “StarBoy Collection,” in August of 2018. In Manhattan, New York, U.S.A., he debuted this apparel line with a little fanfare that featured his musical performances for a select group of admirers who attended the launch.
A tour jacket with the Starboy trademark and a green and purple “Made in Lagos” t-shirt are included in the assortment. In a similar vein, his clothing line, StarBoy Merch, debuted in London. The clothes in the range were labeled “Ojuelegba,” which is where he was born and raised, and “Made in Lagos,” which specifically highlighted his Nigerian heritage. Lagos, Nigeria hosted the premiere of His collection the same year.
5. Endorsements
In the early stage of his career, Wizkid and Pepsi allegedly agreed to a one-year sponsorship contract in 2012 that was worth $350,000 USD. Wizkid and MTN Nigeria inked a one-year contract on May 28, 2013. Wizkid’s deal with Pepsi was extended for another two years.
An endorsement agreement between Wizkid and Guinness was inked on October 23, 2013, in anticipation of the November 3, 2013, “Guinness World of More” event at the Eko Convention Center of the Eko Hotel and Suites in Victoria Island, Lagos. Wizkid and GLO inked a ₦128 million contract on June 18, 2015, after Wizkid left MTN. Without a doubt, his fortune has increased as a result of these sponsorships.
It is common knowledge that musicians in Nigeria also earn money using this method. They always receive more revenue when they endorse a brand. Thus, we must ascertain Wizkid’s total earnings from all of his endorsement contracts in order to fully assess his net worth.
According to online sources, Wizkid has endorsement deals with the brands listed below during the course of his career.
- Pepsi worth $350,000
- MTN worth $115,000
- GLO worth $328,000
- Guinness worth $100,000
- Nike worth $200,000
- Dolce and Gabbana worth $10,000
- Ciroc worth $200,000
- UBA worth $3 million
- Tecno worth $1 million
- Puma $150,000
Now that his revenue has been revealed from all angles, it’s time to wrap up this article by revealing Wizkid’s net worth.
What is Wizkid’s Net worth?
Now, let’s address the main question: Wizkid’s Net Worth is estimated to be around $30 million US as of 2023. His successful records have brought him recognition, making him one of the most paid singers and composers in the Nigerian music industry. Through record sales, internet streaming, merchandise, and live appearances, he has already amassed significant income from his career.
Beyond only being financially successful, he has made a significant impact on the music industry by being a pathfinder for other African musicians and a symbol of excellence.
Wizkid’s Assets
One of the wealthiest musicians in Nigeria right now is Wizkid. He has a number of properties, as one might anticipate. Let’s see below Wizkid’s assets
1. Cars
Check out the automobiles in the well-known singer’s automotive collection as of right now.
- Rolls Royce Cullinan worth $595,000
- Rolls Royce Black badge worth $595,000
- Maybach Minivan worth $185,000
- Lamborghini Urus worth $230,000
- Lamborghini avetandor worth $826,000
2. Houses
According to reports, Wizkid has two houses in Lagos, Nigeria; one in Lekki worth 13 million naira and another one in Surulere. In addition to this estate, he is said to own an opulent house in Los Angeles, California, in the United States. The Los Angeles home is rumored to be worth millions of dollars, yet its precise cost is unknown to the general public.
Conclusion
Wizkid’s tremendous talent, diligence, and business endeavors are all evident in his net worth. He has had incredible success in his career, rising from modest beginnings in Nigeria to becoming a global music phenomenon.
He has made a name for himself in the music business and is now a source of motivation for up-and-coming musicians everywhere. Wizkid’s net worth will surely increase as he advances in his career, further establishing his place among the most prosperous and significant musicians of his time.
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