Wizkid and Burna Boy are both Nigerian singers and songwriters with remarkable career milestones to their names. Wizkid has an estimated net worth of $21 million, while Burna Boy has his net worth pegged at $17 million. From their net worths, it is clear that Wizkid is richer than Burna Boy, and while they have music as their major source of income. But individually, they have other ventures which have contributed to their enormous fortune.
Burna Boy started making music when he was 10 years old, while Wizkid started at 11 with a church choir. Both singers began their careers in Nigeria and have expanded their coasts to other countries and continents. Wizkid has been in the music industry as a professional singer since 2010 to date, while Burna Boy has been in the industry since 2011 to date. One thing they have in common, aside from making good music, is that they both started young and have amassed great success.
How Wizkid and Burna Boy Make Their Money
Their various contributions to the music industry have earned them the popularity and fortune they enjoy today. A closer look at the lives and careers of Burna Boy and Wizkid will show the sources of their net worth and what they spend their fortune on.
Wizkid
Ayodeji Ibrahim Balogun, popularly known as Wizkid, is a Nigerian musician and songwriter. The 33-year-old singer had his secondary school education in Lagos State. He attended the University of Lagos but could not finish due to a lack of funds. He started singing fully to make money for himself and help train his siblings.
Wizkid’s main source of income is his music career. Beyond music, he also earns from other sources like endorsement deals, etc. All these contribute to the massive net worth he enjoys today. Let’s take a tour of how the musician makes his $21 million net worth.
Wizkid Makes a Large Chunk of His $21 Millon Net Worth From Music
The songwriter started his singing career at the age of 11. He formed a group with four of his church friends and they took the name the Glorious Five. This group saw the release of a collaborative album, after which the musician signed a contract with Banky W’s record label, Empire Mates Entertainment (E.M.E), in 2009. He continued singing until 2011 when he came into the spotlight with his single “Holla at Your Boy” from his debut album Superstar. Contained in this album also are other songs like “Pakurumo,” “Love My Baby,” “Don’t Dull,” “Oluwa Lo Ni,” and “Tease Me/Bad Guys.” He released another album titled Ayo in 2014 before his contract with E.M.E. explored.
Further, he collaborated with Drake in 2016 and released a hit single titled “One Dance”, which earned him international recognition. The UK, US Billboard Hot 100, Australia and Canada, and other countries listed the song on the number one spot. He released two more albums – “Sounds from the Other Side” in 2017 and “Made In Lagos” in 2020. From the time he came into prominence to date, Wizkid has continued to release hit songs, including collaborations with other singers. His exploits in music have brought him several nominations, awards and, worldwide recognition.
Awards and Recognitions
In the course of his musical career, Wizkid was nominated severally for certain awards. He won most of these awards and is recognized around the world because he collaborates with foreign singers. He has been nominated over 223 times for different awards, and he won more than 85 of them. Some of his nominations, awards, and recognitions include;
- Nominated 13 times for the AFRIMA awards and won four times
- Billboard Music Awards nominated him seven times, and he won three times
- He was nominated four times for BET Awards, and he won three times
- Nominated for the Grammy Award twice, and he won once
- He received six nominations for the MTV EMAs, and he won twice
- For 22 times, he was nominated for The Headies awards, and he won 12 times
- Nominated three times for the NAACP Image Award and won twice
- Nominated five times for the Soul Train Music Award and won twice
Wizkid Earns From Endorsement Deals
Endorsement deals locate those who have successfully made it to stardom and since Wizkid is one of the most successful musicians in Nigeria who is also recognized worldwide, he enjoys the best of these deals. Part of Wizkid’s net worth comes from his earnings from the endorsement deals he has signed over the years. The companies he endorses include the following.
- A one-year endorsement deal with Pepsi in 2012
- Three years contract with MTN from 2013-2016
- In October 2013, he signed a contract with Guinness for the Guinness World of More concert.
- In 2015, Wizkid ditched his deal with MTN and signed another worth ₦128 million with GLO.
- Modeling contract with Nike
- He signed an international contract worth $20,000 with Dolce and Gabbana
- Endorsement deal worth N1 billion with United Bank for Africa (UBA)
- The singer signed an endorsement deal with sportswear brand Puma in 2020
- Wizkid also bagged some deals with Ciroc and the likes of it.
The Singer Owns Starboy Clothing Line
The celebrity unveiled a clothing brand he named after his nickname “Starboy” in Manhattan, New York, on 11th August 2018. This brand has in its collection a Starboy-branded tour jacket-style bomber that is made in Lagos. It also has Starboy T-shirts, sweatshirts, etc. The designs are mainly green white green like the Nigerian Flag, with a Made in Lagos branding. The singer tried to bring Nigerian-made products to the United States with his clothing business. This brings more money to Wizkid and adds to his net worth.
He Owns and Earns From His Record Label, Starboy Entertainment
In 2013, Wizkid started his record label named Starboy Entertainment. He said that he established the music label to give up-coming artists a platform to showcase their talents. This might have been his intention, but the musician earns some percentage of his net worth from the record label. Wizkid has signed a few acts under the record label, including Maleek Berry and Legendury Beatz, L.A.X., R2Bees, Efya, Mr. Eazi, and Terri. The record label has seen the production of several songs and albums.
Wizkid Also Earns From the Charges He Collect for Events and Performances
For an already established singer and celebrity, event invitations are part of his daily life. Celebrities like Wizkid are paid a handsome amount in millions to perform at birthday parties, night parties, weddings, etc. Wizkid receives from ₦10 million upwards for a single show he is invited to. These charges contribute greatly to his $21 million net worth.
Highlights Of the Sources of Wizkid’s Net Worth
- His music career
- Endorsement deals
- Clothing line Starboy
- Record label Starboy Entertainment
- Performances and tours
Burna Boy
Damini Ebunoluwa Ogulu, popularly known as Burna Boy, is a popular Nigerian singer, dancer, songwriter, and rapper. He acquired his secondary school education in Nigeria before moving abroad to continue his studies. At the age of 10, he received a copy of the FruityLoops production software with which he started making music. Burna Boy created his own beats with an old computer and developed his love for music, with an interest in dancehall and reggae music which his father listens to.
The celebrity carved out his own genre of music which combined reggae, dancehall, afrobeat, pop, and rap. Burna Boy had his university education at the University of Sussex, where he studied Media Technology. Unfortunately, he dropped out after two years and returned to Nigeria at the age of 19. This was when he dug deep into his music career and rose to fame.
Just Like Wizkid, Music is the Main Source of Burna Boy’s $17 Million Net Worth
The 32-year-old singer started his career in the music industry with mixtapes and singles. In 2012, he released his debut song, “Like to Party,” which generated a local buzz along the way. His debut album L.I.F.E. was released the same year with guest slots from Timaya, Wizkid, 2Face, and M.I. The release of this album got him favorable reviews from the music press, winning many fans as well. Before that, he recorded mixtapes, and in 2011, Burna Boy released his second mixtape titled Burn Identity. His debut album came as a follow-up to this second mixtape. He has continued to release more songs, albums, and music videos year by year, and his popularity has been on the rise. His other albums include Outside (2018), African Giant (2019), Twice as Tall (2020).
Because of his rising fame, he signed deals with international music records like Warner Music Group and the United State’s Atlantic Records. With his rise to prominence, he has continued to release new singles, albums, and also features in other musicians’ music videos.
Burna Boy’s Awards and Recognitions
The musician has received many international awards and recognition through his collaborations with foreign singers and because of his global recognition. He also received several certifications from RIAA, MCA, BRIT, SNEP, etc. So far, Burna Boy has received over 70 award nominations, winning over 35 of them.
Below is a list of some of the several awards he has received in the course of his musical career
- The Headies award: nominated 14 times won thrice
- BET Awards: nominated three times and won them all
- Nigeria Entertainment Award: nominated four times and won three times
- Grammy Awards: nominated twice with one win
- MTV Africa Music Award: nominated twice with one win
- MTV Europe Music Award: nominated twice with one win
- African Musik Magazine Awards (AFRIMMA): nominated 15 times with seven wins
The Singer Earns From Endorsement Deals
Celebrities are placed in positions to model for companies and help in promoting their products. These contracts last for a while but earn them fat paycheques. As one of his sources of income, the singer bagged some endorsement deals from some big companies. Below is a list of some of the companies Burna Boy endorses.
- He is a brand ambassador to GLO
- Brand ambassador to Nigerian Breweries Plc
- Brand ambassador to Mortel Cognac
Burna Boy Owns and Earns From His Record Label, Spaceship Entertainment
Spaceship Collective is a group of record labels founded by Bose Ogulu, Burna Boy’s mother. She is the executive director, while Burna Boy owns the company’s largest share with his imprint, Spaceship Entertainment. Therefore, he owns Spaceship Entertainment as a sub-label under the Spaceship Collective. This record label has seen the production of many songs and albums from different artists. It also contributes part of the net worth Burna Boy enjoys today.
He Also Earns From Events and Performances
In Nigeria, artists are paid heavily whenever they are invited to perform at concerts, parties, weddings, etc. Event invitations are part of the everyday life of a celebrity, and the charges contribute greatly to their growing net worth. For Burna Boy, his least charge for an event in Nigeria is ₦7 million. Moreover, Burna Boy charges up to $60,000 for events outside the country. This, as we have seen, contributes to his $17 million net worth.
Summary of Burna Boy’s Sources of Income
- Music career
- Endorsement deals
- His record label, Spaceship Entertainment
- Event performances, tours
Inside the Luxurious Lifestyle of Wizkid and Burna Boy
Having gone through the sources of income for the two celebrities, we will look at a breakdown of the corresponding lifestyle they both live. With the way they spend their money, we can also see who is richer. Over the years, these two have shown us how to lavish on material things and many love them for that. Wizkid and Burna Boy spend their net worths on luxury, especially fancy cars, designers clothes, and jewelry.
Wizkid Owns the Latest Cars and Two Luxurious Houses in Lagos, and Los Angeles
Below is a list of cars found in Wizkid’s garage;
- Lamborghini Urus worth ₦101 million
- Mercedese Benz G63 AMG – ₦55 million – ₦65 million
- BMW X6 Crossover – ₦12 million
- Porsche Panamera – ₦50.8 million
- Bentley Continental GT Speed Convertible – ₦50 million
- Porshe Cayenne – ₦18 million
In addition to his cars and costly jewelry, Wizkid also owns several houses in Nigeria and abroad. He owns a three-story building in Los Angeles, California, United States. The house is well furnished with a swimming pool and is worth up to $15 million. He also owns a house in Lagos State, his first house located at Lekki, worth ₦68 million. The singer acquired this house as early as 2013 when some other young musicians are still trying to find their ground in the industry.
Burna Boy Owns Fancy Cars and a Mansion in Lekki
Like Wizkid, Burna Boy owns a mansion in Lekki, Lagos State. He posted a video of the eight-bedroom home on his social media page with the caption “The one and only GOAT.” The mansion has a swimming pool and state-of-the-art facilities that befits a celebrity of his caliber.
For his cars, Burna Boy has more expensive cars in his garage than Wizkid. He spends more of his net worth on cars than Wizkid and he buys them brand new. Below is a list of some of Burna Boy’s expensive cars.
- 2013 Ferrari 458 Italia
- Range Rover Autobiography SUV, a Christmas gift he bought for himself
- Rolls-Royce Dawn Convertible worth ₦200 million, which he purchased in December 2019
- G-Wagon
- Bentley Continental GT
- Mercedes Benz S-Class
Who Is More Accomplished Between Wizkid and Burna Boy?
Burna Boy and Wizkid are singers of almost the same age, and both of them entered the music industry at a tender age. They have risen to fame and achieved a lot career-wise and in their personal lives too. They have also received numerous prestigious awards and there is healthy competition between them. From the number of nominations and awards in their names, Wizkid has received more than Burna Boy.
Meanwhile, the duo won the Grammy Awards in the same year. Burna Boy’s album Twice as Tall currently holds the Grammy Award for the Best Global Music award. While Wizkid’s song with Beyonce titled “Brown Skin Girl” currently holds the Grammy Award for the Best Music Video. This means the two artists have won a slot in the prestigious Grammy Award and their names will forever be remembered. But, Burna Boy’s award is greater in the sense that his album won him the award, whereas Wizkid’s collaborated song won him the award.
More so, in terms of albums, Burna Boy has achieved more than Wizkid. Wizkid has four albums while Burna Boy has five. The two celebrity singers also feature in each other’s songs. When it comes to international collaboration and exporting Nigerian music, Wizkid and Burna Boy are at the frontline. Both of them are among the best Nigerian singers who feature more international artists in their songs.
In terms of fan followership on their social media handles, Wizkid has more followers than Burna Boy with 12.6 million followers on Instagram and 6.4 million followers on Facebook as of August 2021. On the other hand, Burna Boy has 7.3 million followers on Instagram and 6 million followers on Facebook. The number of fans may not be a yardstick in judging who is more accomplished because tastes vary. Also, not all their fans have social media accounts. A host of other fans don’t like following people on social media, they prefer following from a distance.
Lastly, in terms of their other sources of income, or side businesses aside from music, Wizkid has more businesses than Burna Boy. Apart from his record label, Wizkid owns a company that produces clothes, while Burna Boy does not own any other company apart from his record label. This contributed a lot to the $4 million difference between their net worths.
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