A new joint ranking by Forbes and RankBank has spotlighted the richest musicians in Africa, showcasing artists whose talent, business acumen, and global reach have translated into multi-million-dollar fortunes.

The list, which combines earnings from music, endorsements, and investments, reflects how African stars are increasingly turning their influence into sustainable wealth. It features household names dominating the Afrobeats, hip-hop, and pop scenes, as well as veteran performers who have built enduring legacies through decades of consistency.

Analysts note that the ranking highlights not only the commercial success of African music but also the continent’s growing cultural export to international markets. With Afrobeats sweeping charts in the U.S. and Europe, and African artists signing global deals, the industry has become one of the continent’s most lucrative creative sectors.

Beyond music sales and streaming, the wealthiest artists were also recognized for investments in fashion, real estate, and technology, further cementing their status as cultural entrepreneurs.

Industry stakeholders say the ranking will inspire upcoming musicians to think beyond performance and embrace the business of music, as Africa’s entertainment sector cements its role in the global economy.