Wizkid’s Net Worth

Nigerian singer and songwriter Wizkid has become one of the biggest names in the music industry, with a devoted fan base and a string of hit songs to his name. His talent and hard work have paid off significantly, and Wizkid’s net worth is estimated to be $30 million by 2023. 

In this post, we’ll take a closer look at how Wizkid has amassed his wealth, including his earnings from music, endorsements, and business ventures, as well as his real estate and other assets. Let’s dive in and see what makes Wizkid one of the richest musicians in Nigeria.

Wizkid Net Worth 2023

In 2023, according to Forbes, Wizkid’s net worth is estimated to be $30,000,000. When converted to Nigerian Naira at the present time, this amounts to roughly ₦15,000,000,000.00. This makes him the richest musician in Nigeria in 2023.

Wizkid continues to make waves in the music industry, as evidenced by his recent performance at the Rolling Loud Festival 2023 in Munich, Germany. As the headliner for the first day of the three-day festival, Wizkid captivated the audience with his greatest hits, including Azonto, One Dance, Bad To Me, Samba, Song Of Life, and many more. The crowd was on their feet, dancing and singing along to every beat.

In addition to his musical success, Wizkid has also established himself as a brand ambassador for several Nigerian and international brands. His influence and popularity have contributed to his overall net worth, solidifying his position as one of the most successful musicians in Nigeria.

Wizkid Net Worth 2022

As of 2022, Wizkid’s net worth is estimated to be around $25 million. This impressive figure is evidence of his talent, hard work, and business ventures. Wizkid’s primary source of income comes from his music career, which includes album sales, concert tours, and endorsement deals with various brands. 

In September 2022, Wizkid made history by headlining the Rolling Loud Toronto hip-hop festival, becoming the first African artist to achieve this feat. This further solidified his global recognition and influence in the music industry. 

Also on November 11, 2022, Wizkid released his fifth studio album, “More Love, Less Ego,” marking another milestone in his career.

At the 2022 American Music Awards, Wizkid and Tems emerged as winners. Wizkid won the inaugural Favorite Afrobeats category, while he and Tems also took home the award for Best R&B Song with their collaboration, “Essence.” These are the things that contributed to his increase in networth. 

Wizkid Net Worth 2021

In 2021, Wizkid’s net worth was estimated to be approximately $20 million. This marked a significant increase from previous years, highlighting his continued success and growing influence in the music industry. One notable accomplishment was the release of a remix of his hit song “Essence” featuring Justin Bieber. This collaboration propelled the song to become the highest-charting song on the Billboard Hot 100 by an African act, reaching a peak position of No. 11. The success of “Essence” and its remix contributed to Wizkid’s financial growth.

Furthermore, Wizkid’s album “Made in Lagos” and the song “Essence” earned him two Grammy nominations at the 64th Annual Grammy Awards. This recognition on such a prestigious platform further solidified his status as a globally recognized artist and likely positively impacted his net worth.

In addition to the Grammy nominations, Wizkid received four nominations at the Soul Train Awards in November 2021. His song “Essence” won the award for Best Collaboration, showcasing his talent and success in the music industry. These accolades not only added to his reputation but also potentially increased his earning potential.

Another significant achievement for Wizkid in 2021 was being named the Artist of the Year (Africa) at the Apple Music Awards. This recognition from a prominent music platform highlighted his impact and influence on the African music scene. Such recognition can lead to increased opportunities and financial gains for an artist.

These achievements not only contributed to his financial growth but also solidified his position as one of the most successful and influential artists in the industry.

Wizkid’s Net Worth 2020

In 2020, Wizkid’s net worth was estimated to be around $30 million according to various sources that track celebrity wealth. Much of his wealth comes from his successful music career as one of the top Afrobeats artists in the world. His album sales, streaming revenue, endorsements and other business ventures all contribute significantly to his net worth.

In 2020 specifically, Wizkid saw a major boost in wealth from the commercial success of his album “Made in Lagos”. The album debuted at #1 on the Billboard World Albums chart and its lead single “Essence” featuring Tems became a global hit. This brought Wizkid a lot of new fans internationally and increased streams/sales of his entire catalog of music. The popularity of “Made in Lagos” and “Essence” in late 2020 was a major factor in growing his net worth that year.

In addition, Wizkid earns money from endorsements with big brands like Pepsi, Dolce & Gabbana, and more. He also has business interests in clothing, fragrances and other ventures. So in summary, Wizkid’s breakout international success in 2020 with “Made in Lagos” and hits like “Essence” helped propel his net worth to an estimated $30 million that year, cementing his status as one of Nigeria’s richest entertainers.

How Wizkid Makes His Money

Wizkid has undoubtedly solidified his position as a prominent figure in the music industry. With a remarkable net worth of $30 million, he has achieved significant financial success through various income streams.

Wizkid’s multifaceted approach to generating revenue has been crucial to his financial success. In this section, we will explore the various avenues through which Wizkid generates his income and explore the key factors that have contributed to his financial success.

1. Streaming Platforms

Wizkid generates a significant portion of his income through music sales and streaming. His loyal fan base eagerly purchases his music and streams it on various platforms, contributing to his success. Wizkid collaborates with record labels and distribution companies to maximize his earnings from the sales and streaming of his music.

Wizkid’s music is available on several popular music platforms, including Spotify, Apple Music, YouTube Music, Tidal, and Deezer. Each platform has its own payment structure for artists. Spotify pays artists an average of $0.003 to $0.005 per stream, while Apple Music pays approximately $0.00783 per stream.

YouTube Music’s payment per stream varies based on factors such as ad revenue and views, but it generally tends to be lower than other platforms. Tidal, known for its high-fidelity streaming, pays artists a higher royalty rate, often exceeding $0.01 per stream. Deezer pays artists around $0.004 per stream, with variations based on the listener’s country and the artist’s royalty rate.

Wizkid’s achievement of amassing hundreds of millions of streams on various platforms has translated into a substantial source of income thereby contributing to his net worth.

2. Wizkid Endorsement Deals

As the first Nigerian to reach one million Twitter followers, he is one of the most well-known Nigerians. Wizkid has also indicated ambitions to launch his own clothing brand and has secured lucrative sponsorship deals with renowned firms. 

Wizkid’s income is largely derived from endorsement deals with major companies such as Pepsi, Guinness, MTN, Glo, and Nike. He is also the ambassador for Ciroc Premium Vodka. In addition to his endorsement contracts, 

Wizkid secured a one-year endorsement deal with Pepsi worth 54 million naira ($350 000) in 2012, which was then extended for another two years. In 2013, he also inked an N110 million contract with MTN. That same year, he got an endorsement deal with Guinness for the Guinness World of More concert, which took place at the Eko Convention Centre on Victoria Island in Lagos. 

In 2015, Wizkid was named a Globacom top brand ambassador, a deal worth 128 million naira. In 2017, he was named a brand ambassador for the famous vodka brand Ciroc, with his own personalized Starboy Ciroc bottles.

In 2018, he appeared in the Dolce & Gabbana presentation in Milan. He was paid $20,000 for walking down the runway wearing D & G clothing and a mask. That same year, Wizkid signed a multi-million dollar endorsement deal with Nike to design and unveil the official jersey for the Nigerian Super Eagles for the 2018 World Cup in Russia.

In July 2019, the talented singer increased his net worth by revealing a mega-deal signing as a brand ambassador for United Bank for Africa (UBA).

3. Wizkid Investments and Business Ventures

Wizkid has made several investments in various sectors. In a 2014 interview with Funsho Agrogundade, Wizkid revealed that he has invested in the gold sector. He expressed his belief that gold is a good investment and mentioned his heavy spending on gold jewelry.

Apart from gold, Wizkid has also ventured into the fashion industry. He established his own clothing line called Starboy Clothing, which started in Lagos a few years ago. In August 2018, he expanded his clothing line by opening branches in London and New York.

Real estate is another area where Wizkid has made investments. He has purchased properties in Lagos, Abuja, and other parts of the world. His acquisition of a house in Atlanta in March 2017 was considered a smart move by real estate experts.

Additionally, Wizkid earns income from his rented apartments located throughout Nigeria. There have been rumours of him owning a multi-million naira hotel in Anambra State, but this information remains unconfirmed.

4. Concerts, Live Performances and Tours

Wizkid is an A-list music celebrity and one of Nigeria’s top ten richest musicians, making him Forbes worthy of consideration. He charges a minimum of N3 million for each event he’s booked to do, and his account is always in good shape with an itinerary full of bookings and appointments. 

The afrobeat singer is also the first Nigerian to sell out the 02 Arena in the United Kingdom three days in a row.

He had a successful three-day “Made in Lagos” concert at the London 02 Arena from November 28 to December 1, 2021, performing in front of a sold-out crowd of 20,000 people. The concert generated a record gross earning of N5.2 billion.

Tickets for the event ranged in price from $108 to $270, were sold online, and included seating in various sections of the arena. The floor section, which had a capacity of over 5,200 people, sold for an average of $239 per seat. The lower tier, with a capacity of over 8,800 seats, sold for an average of $170, and the upper tier, which had a capacity of almost 6,000 seats, sold for an average of $250.

Wizkid Biography

Though many know him as Wizkid or Ayo, his full name is Ayodeji Ibrahim Balogun. He was born on July 16, 1990, in Lagos, Nigeria. He was raised in a big family with 12 siblings by a Muslim father and a Christian mother. He grew up in the Surulere neighbourhood of Lagos, where he developed a love for music at a young age.

Wizkid has always had a passion for music, and some of his early influences included Bob Marley and King Sunny Ade. Balogun grew up attending church, which contributed to his love of music.

As a young boy, he started a musical group with other church friends when he was 11 years old. He started singing and performing at local events and eventually caught the attention of record label executives.

Wizkid was making crucial connections in the music industry and learning from renowned musicians as early as the age of 15. He attended university after graduating from high school but then dropped out to pursue a music career.

Wizkid Music Career

It can be said that Wizkid started fully his music career when he released his debut single, “Holla at Your Boy.” The single was a hit and helped launch Wizkid’s career. In 2011, he released his debut studio album, “Superstar,” which included the hit single “Don’t Dull.” 

Since then, Wizkid has released several more albums and singles and has toured internationally, performing in countries around the world. He has won numerous awards and accolades for his music and has collaborated with a number of high-profile artists.

Prior to his success in the entertainment industry, he was coached by OJB Jezreel and learned the talents of 2Baba. 

His musical career can be traced back to 2009 in Empire Mates Entertainment E.M.E records owned by “Banky W” where he recorded his debut album “Superstar” in 2011, which had the hit track “Holla at Your Boy,” which apparently shot him to the limelight, as well as the singles “Tease Me/Bad Guys” and “Don’t Dull”.

He played to a sold-out crowd at the HMV Apollo in 2012. Empire Mates Entertainment released an album titled “State of Mind,” a compilation album that was his next effort. Wizkid and other musicians on the album travelled to the United States to promote the album’s release.

They were also seen in Canadian places, including Vancouver and Calgary. Following the success of his debut album, Wizkid travelled to London, England, where he had a large fan base. He played to a large fan at the HMV Apollo in 2012. 

Drake’s vocals for the remixed version of Wizkid’s track “Ojuelegba” would be the first of many collaborations with notable hip-hop musicians. The remix eventually reached number one on the Billboard Top 100 and gained international recognition. Not long after, Wizkid and Chris Brown collaborated on another successful tune, “African Bad Gyal.”

He founded his own record label, “Starboy,” in 2013 and has since recorded numerous hit songs and garnered numerous prizes. He is the most famous African artist and the first Afrobeat artist to be inscribed in the Guinness Book of World Records. Wizkid’s music incorporates R&B, afrobeat, dancehall, reggae, and mainstream hip-hop elements. 

Wizkid signed a record deal with RCA Records, a Sony Music subsidiary, in March 2017. He released his third studio album, Sounds from the Other Side, on July 14, 2017. The album is primarily Caribbean-influenced but also includes elements of Afrobeats, EDM, R&B, and house.

It features guest appearances from international artists such as Drake, Major Lazer, Chris Brown, Ty Dolla Sign, Efya, Bucie, and Trey Songz. The album was produced by Sarz, Del B, Spellz, Dre Skull, DJ Mustard, Major Lazer, and the Picard Brothers.

Wizkid Children & Their Mums 

Wizkid’s first son, Boluwatife Balogun, was born in 2011 to his baby mama, Shola Ogudugu. Despite initial disputes over child support, Wizkid eventually accepted Boluwatife as his son and often expressed his love for him on social media. Recently, fans have been asking if Boluwatife has a car, and the answer is no; instead, he has a sports bicycle. Boluwatife Balogun’s networth is estimated to be $1 million. 

His second son, Ayodeji Balogun, was born in 2016 to Binta Diallo, an American-based Guinean model. Like his first son, Wizkid initially faced controversy about the paternity of his son but a DNA test was conducted that confirmed Ayodeji was his son.

Wizkid’s youngest son, Zion Balogun, was born in October 2017 to Jada Pollock, a British brand consultant. Unlike the previous two baby mamas, there were no disputes over paternity, and Wizkid has a tattoo of Zion’s name. He then welcomed his last child, a baby boy, with his baby mama, Jada Pollock, in October 2022, whose name is yet to be revealed. 

It is worth noting that none of Wizkid’s baby mamas is his wife, and there have been no indications of him getting married anytime soon. Though there were reports at a time that he wanted to get married to his manager, Jada but nothing has been confirmed yet and Wizkid is yet to introduce a fiancé to his fans.

What is Wizkid’s Religion? 

Is Wizkid a Muslim? Fans have long speculated about the religious beliefs of Nigerian superstar Wizkid. Born to a Muslim father and Christian mother, he was exposed to both Islam and Christianity from a young age. However, Wizkid has never openly identified as either Muslim or Christian.

Through his lyrics and public statements, some clues have emerged about the spiritual philosophy the artist adheres to. In many of his songs, Wizkid makes references to “Olodumare,” the Supreme God in the Yoruba religion.

By referencing Olodumare in his lyrics, Wizkid indicates he draws spiritual inspiration from traditional Yoruba beliefs rather than identifying strictly as Muslim or Christian. He has said that growing up with parents of different faiths taught him that “the biggest religion is love.”

This suggests Wizkid sees beyond rigid labels of religion and focuses more on spiritual philosophies of oneness, morality and honoring the creator. His upbringing exposed him to the peaceful coexistence of multiple beliefs.

So in essence, while not a formal adherent of any single religion, Wizkid’s spiritual views most closely align with the monotheistic traditions of the Yoruba that recognize Olodumare as the supreme deity. He takes an inclusive approach that celebrates the diversity of spiritual paths.

Wizkid Awards

Throughout his career, he has performed on international musical tours and won various national and international accolades. He is regarded as one of the best in Nigeria and Africa, having received a Grammy Award.

He has four MTV Africa Music Awards, six Headies Awards, two BET Awards, six Nigerian Entertainment Awards, two Ghana Music Awards, two MOBO Awards, and a Future Award to his name. He has over 45 awards and 150 nominations to his name. 

Wizkid Properties

Wizkid owns several luxurious properties in Nigeria and the US, including a Surulere mansion valued at $36,140 and a Lekki mansion valued at $189,040. Wizkid is also known for his love of expensive and designer clothes and accessories, particularly Dolce & Gabbana and Gucci. Among his possessions is a diamond wristwatch worth $1.2 million.

Wizkid Cars 

Here is a list of cars that Wizkid has purchased throughout his rise to fame from 2010 to 2023:

• BMW X6 Crossover – ₦15 Million
• Mercedes-Benz G63 AMG – ₦70 Million
• Mercedes Benz V Class 2019 Zero KM – ₦78 million
• Hyundai Sonata – ₦6 Million
• Bentley Continental GT Speed Convertible – ₦45-₦50 Million
• Porsche Panamera – ₦60 Million
• 2017 Range Rover Autobiography – ₦40 Million
• Lamborghini Urus – ₦350 Million
• 2019 Lamborghini Aventador – ₦611 million
• Mercedes-Maybach GLS 600 – ₦170 Million
• 2022 Black Badge Rolls Royce Cullinan – ₦600 million
• 2021 Rolls-Royce Cullinan – ₦438 million

These cars showcase Wizkid’s taste for luxury and his success in the music industry. Each vehicle represents a significant investment and adds to his overall net worth.

Wizkid Private Jet 

Wizkid owns a private jet, which he uses for shows and chilling with friends. There has been speculation about the affordability of Wizkid’s private jet, with reports suggesting that it is valued at a staggering $40 million. Whether he purchased it himself or received it as a gift remains a topic of discussion. Nevertheless, Wizkid enjoys cruising and capturing moments in his private jet, as evidenced by the numerous pictures he shares.

Conclusion

Wizkid is a famous Nigerian musician and among the richest musicians in Nigeria and Africa. The music star has continued to release singles and albums that are going viral both locally and internationally.

His current networth is estimated to be about $30 million, which makes Wizkid’s networth in naira about N15,000,000,000 (15 Billion naira).

Frequently Asked Questions

What is the full name of Wizkid?

The full name of Wizkid, the Nigerian musician, is Ayodeji Ibrahim Balogun.

How old is Wizkid?

Wizkid was born on July 16, 1990. Therefore, he is 33 years old.

Is Wizkid father rich?

Yes, Wizkid’s father, Alhaji Muniru Olatunji Balogun, is considered to be a wealthy man. He is a successful businessman and has made significant contributions to the Nigerian entertainment industry.

How tall is Wizkid ?

Wizkid’s height is reported to be around 5 feet 4 inches (165 cm) tall.

How many cars does Wizkid have?

Based on the list of luxury vehicles above and their prices provided, it can be inferred that Wizkid has about 12 cars.

Davido and wizkid who is the richest?

Both Davido and Wizkid are highly successful Nigerian musicians who have achieved significant wealth and success in their careers. However, Wizkid is richer than Davido.