Wizkid stands out as one of Nigeria’s most renowned Afrobeats singers. The superstar, born on July 16, 1990, in Surulere, Lagos, Nigeria, originally bore the name Ayodeji Ibrahim Balogun but is now widely recognized by his stage name, Wizkid.
With an estimated net worth of up to $50 million, Wizkid’s financial standing surpasses that of Davido by approximately $5 million. His substantial wealth is attributed to his exceptional talent, the accumulation of significant assets over the years, and his widespread fame both nationally and globally.
Consistently making the list of the richest musicians in Nigeria for 2020, 2021, 2022, 2023, and 2024. Wizkid enjoys recognition as one of the most celebrated and highly rated musicians in the country.
A perennial topic among music enthusiasts revolves around the comparison of the wealth of Davido and Wizkid. This article on Wizkid’s net worth aims to provide clarity on that debate, as Reatech has already furnished details on Davido’s financial standing.
Wizkid commenced his musical journey at the age of 11, initially as a singer, and later secured a record deal with Empire Mates Entertainment (E.M.E) in 2009. Since then, Wizkid has steadily ascended to the limelight, earning a place among the top 10 best musicians in Nigeria and establishing an impressive net worth.
Wizkid’s Net Worth and Sources of Income
Wizkid’s net worth is estimated at $50 million, a substantial figure that complements his standing as one of the best musicians in Africa. He amassed this massive net worth through the release of various hit songs and albums.
Beyond music, a significant contributor to Wizkid’s net worth, he has global recognition and additional income sources that set him apart from other musicians in Nigeria and beyond.
Wizkid has secured numerous endorsement deals with various companies, as top brands frequently approach music superstars to help market their products.
Additionally, Wizkid introduced a clothing line under his brand name “Star Boy,” contributing further to his net worth.
Following his departure from E.M.E, Wizkid established his record label, “Starboy.” Through this label, Wizkid has collaborated with many singers, rappers, and producers, including Mr. Eazi, Efya, Maleek Berry, L.A.X, and Legendury Beatz.
Wizkid’s Endorsement Deals
Celebrities accrue substantial earnings through endorsement deals, with top companies shelling out over $3 million to leverage their fame for product marketing.
Endorsements serve as pivotal sources of income for musicians and other public figures. Wizkid’s net worth has significantly benefited from numerous endorsement deals, solidifying his position as one of the wealthiest African musicians. Below are details of some of Wizkid’s notable endorsement deals:
- In 2012, Wizkid inked a one-year endorsement deal with Pepsi, reportedly valued at $350,000.
- According to Premium Times on May 28, 2013, Wizkid entered into a one-year agreement with MTN Nigeria, later renewed for an additional two years.
- Wizkid secured an endorsement deal with Guinness for the Guinness World of More concert held at Eko Hotel and Suites VI in November 2013.
- Pulse Nigeria reported that in 2015, Wizkid terminated his MTN endorsement and opted for a N128 million deal with GLO.
- Nike enlisted Wizkid as a model when entering a five-year deal with the Nigerian Football Federation in 2018. Subsequently, Wizkid extended his partnership with Nike.
- Wizkid entered into an international deal with Dolce & Gabbana, valued at $10,000.
- Wizkid secured an endorsement deal worth $3 million (equivalent to 1 billion naira at the time) with the United Bank for Africa (UBA).
- In 2020, Wizkid landed an endorsement deal with Puma, a renowned sportswear brand.
Wizkid’s Assets: Houses and Cars
In 2013, Wizkid claimed the 5th spot on the Forbes and Channel O’s Top 10 Richest/Bankable African Artists list. His financial prowess was also acknowledged by Forbes Africa in 2017, as they included him in the Top 10 Most Bankable Artists in Africa.
Beyond his impressive net worth, the Nigerian artist has invested in numerous opulent and high-value cars to enhance his wealth and substantial net worth. Additionally, Wizkid possesses multiple houses, including two expansive mansions.
Wizkid’s impressive real estate portfolio includes a mansion in Surulere, Lagos, valued at $13 million, and another in Los Angeles, estimated at $15 million. Recent speculations also suggest that he may have acquired another residence in Banana Island, one of Lagos state’s most affluent suburbs.
In addition to his luxurious homes, Wizkid boasts an enviable collection of high-end cars:
- Lamborghini Urus (₦80 million)
- Porsche Panamera (~₦50.8 million)
- Used Mercedes Benz G63 AMG (₦55 million – ₦65 million)
- BMW X6 crossover (₦8.7 million)
Frequently asked questions about wizkid
What is Wizkid net worth in 2023?
As of 2024, Wizkid’s net worth has reached an impressive $50 million, firmly establishing him as one of Nigeria’s wealthiest musicians. Wizkid consistently maintains a top position among Nigerian musicians, excelling in both popularity and earnings on the music charts.
What age is Wizkid?
Wizkid is 34Â years (16 July 1990)
Which state is Wizkid father from?
Wizkid’s father, Alhaji Muniru Olatunki Balogun, has revealed the ways in which he contributed to the development of his community in Alaba, Lagos.
What happened to Wizkid mother?
Recall that Wizkid’s mother, Jane Dolapo Balogun, passed away on August 18, 2023, in London. The Afrobeat star, who updated his Instagram profile photo to that of his mother, expressed the profound pain of losing her, stating, “The pain is profound. It hurts deeply.”
Who is Wizkid brother and sister?
Wizkid has two sisters. His younger sisters are:
- Yetunde Balogun (also known as Yetty or Yetti)
- Lade Balogun (also known as Lade)
These are Wizkid’s siblings, and while he occasionally shares moments with them on social media, they generally maintain a private life away from the public eye.
Who is the first Wizkid son?
Wizkid has three sons. His first son is named Boluwatife Balogun. Boluwatife was born in 2011, and his mother is Oluwanishola Ogudu.
Does Wizkid have a twin?
Wizkid does not have a twin brother. However, there is a young man named Simeon Skye, a social media celebrity and dancer, who bears a striking resemblance to him. It’s easy to mistake them for twins due to their similar appearances.
Is Wizkid Yoruba?
Wizkid initiated the recording of his debut album in 2011, crafting it in both English (the official language) and Yoruba, which is a predominant dialect in Nigeria. Being of Yoruba descent, Wizkid’s connection to the language is reflective of his cultural background.
Wizkid Private JET?
The question of Wizkid owning a private jet has sparked debates. Despite being frequently seen traveling in chartered jets, Wizkid, at present, does not possess a private jet of his own.
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