Just a few days ago, Wizkid was named Africa’s biggest earner on Spotify, with an impressive earning of around $1 million monthly. Spotify is a leading music streaming platform that allows artists to reach a global audience and earn revenue based on the number of streams their songs receive.
Chart Masters, a platform that tracks such music statistics, reported that Wizkid’s monthly profits are thanks to his impressive streaming numbers that have exceeded 8 billion. They previously reported back in November last year, that Wizkid’s latest studio album, Morayo, earned 16.27 million streams within 24 hours of its release on Spotify.
His revenue places him at the top among influential African artists, ahead of names like Burna Boy, who earns $782,148 monthly, Tems with $660,210, and Tyla at $607,804. Other artists in the rankings include Davido with $458,615, Asake at $451,553, Omah Lay earning $421,123, Ayra Starr with $400,972, and Rema at $367,973.
All the artists mentioned above are Nigerian, except for Tyla, who hails from South Africa.
The renowned Nigerian musician, Wizkid, born Ayodeji Ibrahim Balogun, has released popular hits like Ojuelegba and Essence. His breakthrough came with the release of the hit single Holla at Your Boy in 2010, which propelled him to national fame. Since then, Wizkid has attained international success through collaborations with global superstars, including Drake on One Dance and Beyoncé on Brown Skin Girl, the latter of which earned him a Grammy Award.
Wizkid’s Other Business Ventures
Apart from his successful music career, Wizkid has ventured into various business pursuits that have bolstered his net worth. He founded his own record label, Starboy Entertainment, which has signed several artists and produced numerous hit tracks. Wizkid also has lucrative endorsement deals with prominent brands like the United Bank for Africa (UBA), Tecno Mobile, Puma, Pepsi, Ciroc, and Nike.
In addition to these, he has invested in real estate, owning properties in Lagos and Los Angeles. Wizkid has also launched Starboy Pop-Up Stores in London and New York. Overall, these diversified ventures have contributed to his estimated net worth of $30 million as of 2024.
