|Name||Ebunoluwa Damini Ogulu|
|Age||32 years old|
|Date of birth||2nd July,1991|
|Profession||Singer and songwriter|
|Height||1.85m (6′ 1″)|
|Net worth||$26 Million|
Burna Boy is a Grammy-award-winning Nigerian Afrobeat artiste, songwriter, rapper, and record-label producer with an estimated net worth of $26 million.
He has been making waves in the music industry both locally and internationally and has accumulated his wealth from his music deals, ambassadorial deals, streaming platforms and many more.
From his early beginnings to his rise to fame, we will explore the sources of Burna Boy’s wealth, the factors contributing to his financial growth, and his overall journey to wealth.
Our team of experts spent many hours researching Burna Boy’s financial status, sources of income and financial investments. We also interviewed close associates of Burna Boy and his account manager.
How Burna Boy Makes His Money
Burna Boy makes his money through sales of albums, his record label, endorsement deals, tours and shows, and streaming platforms.
He began his music career in 2010 after he got back from the United Kingdom. After learning to create beats with Fruity Loops, Burna Boy released two mixtapes: Burn Notice and Burn Identity.
Since then, Burna Boy has been making global waves in the music industry. This section will look at the various sources of Burna Boy’s wealth and how he was able to have a net worth of $26 million.
1. Sales of Songs and Albums
Burna Boy has released diverse songs and albums that are known internationally. Since he began his career, his songs have paved way for him to gain recognition as a global artist and have been a contributing factor to his wealth. He has released a total of 6 albums, 39 singles, 2 mixtapes, and 2 extended plays.
Though the exact amount he has made through sales of his songs is not known, Burna boy has made about $12 million from selling his songs globally. One of his record-breaking sales was his best-selling album, African Giant, which sold over 60,000 copies.
List of Popular Burna Boy Songs
- On the Low
- Pull Up
List of Burna Boy Albums
L.I.F.E – 2013
On a Spaceship – 2015
Outside – 2018
African Giant- 2019
Tall – 2020
Love, Damini – 2022
2. Local and International Shows and Tours
One of the major sources of income of Burna Boy is his tours and shows, especially the ones that are international.
Burna Boy made history as the first Nigerian musician to sell out a concert at Madison Square Garden in New York, USA. The event generated more than NGN 3 billion in ticket sales. The “One Night in Space” concert, a two-hour historic event, was streamed live on YouTube and attracted over 81,000 viewers from countries including Nigeria, the United Kingdom, Australia, and Canada.
On October 7th, 2018, Burna Boy performed in front of a sold-out crowd at the O2 Academy Brixton in London which generated millions of dollars for him.
The day before the concert, he hosted a pop-up event at Red by Little Farm and sold exclusive sets of his Space Puffs cereal, custom notepads, lighters, and graphic t-shirts where he made about $25,000.
Burna Boy continued to set new milestones, becoming the first Afrobeat artist to sell out a concert at the SSE Arena (previously known as Wembley Arena). This Arena is the ninth largest in the UK and can seat 12,500 people. This event raked in close to 5 billion naira for the artiste.
Asides from shows organised by Burna Boy, he attends other people’s shows and according to close associates, the musician charges five hundred thousand dollars ($500,000) for international shows and 50 million naira for local shows.
3. Streaming Platforms
On October 9, 2018, Burna Boy was named one of Spotify’s New Afro Hub Takeover Artists and recognised as YouTube’s Artist on the Rise for three months. Burna Boy was announced as Apple Music Up Next artist in 2019. This was the beginning of great achievements for the artiste.
On “Billboard’s Top 15 Sub-Saharan African Artists” list, which is based on global views, Burna Boy topped the chart with 435.57 million streams. This feat generated up to 2 million dollars for Burna Boy.
According to Olubunmi Adeyera, the founder of RedAce Management Company, an artist requires about 150 streams to earn $1 on Apple Music and 250 streams to earn $1 on Spotify.
This means that In July 2019, Burna Boy was announced as an Apple Music Up Next artist. Burna Boy earns over $133,000 on Apple Music and $170,000 on Spotify with over 20 million and 40 million streams, respectively.
Burna Boy’s sixth studio album, “Love Damini,” also hit half a billion streams on Boomplay just three months after its release, making Burna Boy the first artist to achieve this historic milestone.
Burna Boy was named the top male artist of 2022 by Boomplay, Apple Music, and Spotify. His sixth studio album “Love, Damini,” which was released in 2022, was the most streamed music on the streaming platforms in Nigeria.
He topped the charts, with Asake in second place and Kizz Daniel in third. The hit single “Last Last” from the album “Love, Damini” gained international success and helped him to secure his position as the most streamed artist of 2022 on three major streaming platforms in Nigeria.
4. Endorsement Deals
Burna Boy was announced as the new brand ambassador for Martell Cognac during the Martel 300 promo in Nigeria, with the endorsement deal estimated to cost between $7,000 to $15,000.
The Afro-beat singer made history as the first Nigerian musician to secure a brand ambassadorship with Star Lager Beer, with the deal valued at $20,000 to $60,000.
Burna Boy was also an ambassador for GLO, with a deal estimated at N15 million to N20 million. His biggest endorsement deal was with Universal Music Publishing Group which is worth more than $1 million.
Burna Boy confirmed his ambassadorship with the Oraimo brand in November 2022, but the exact value of the deal is unknown. However, the deal is said to be a huge one for Burna Boy.
How Burna Boy Spends His Money
Burna Boy, a renowned Nigerian singer, has a reputation for lavish spending, and our research indicates that he is particularly fond of collecting cars. His impressive car collection is reportedly worth millions of dollars, a clear indication of his love for luxury.
Burna Boy once acknowledged his humble beginnings and expressed his delight in being able to afford such extravagances, saying “I remember when I used to have none. Now I can’t fit all my babies into my driveway.”
Burna Boy’s Cars
- 2022 Lamborghini Urus Novitec Edition: First on our list is the 2022 Lamborghini Urus Novitec Edition. that cost a total purchase price of ₦253,946000 excluding shipping and customs fee, this Urus Novitec Edition was upgraded by Novitec Group, making it more powerful and revising its stance
2. 2013 Ferrari 458 Italia: The second on our list is this exotic car, Some reports said the music superstar bought the car from Cali Dreams Automotive as an early Christmas present for himself. Social media photos showed the Afro-pop singer half-clad inside the car, which has a red interior and matte grey exterior.
3. Rolls-Royce Dawn Convertible: Burna Boy acquired a Rolls-Royce Dawn Convertible worth ₦200 million in December 2019 to commemorate his successful year.
He has other cars like Bentley Continental GT, the G Wagon, and Mercedes-Benz S-Class.
Burna Boy’s Houses
In addition to his car collection, Burna Boy also owns various real estate properties, including a house in the high-end area of Beverly Hills in the United States of America. In Nigeria, he also possesses a mansion situated in Lekki.
Net Worth Growth of Burna Boy
Burna Boy has consistently produced chart-topping hits and has collaborated with renowned artists both in Nigeria and abroad. As his popularity has grown, so has his net worth, making him one of the wealthiest musicians in Africa. Let’s explore the remarkable growth of Burna Boy’s net worth.
Burna Boy Net Worth 2020
As of 2020, Burna Boy’s estimated net worth was reported to be around $19 million. The Nigerian musician achieved great success with hits like “Ye” and “On The Low,” helping him amass wealth through music sales, concerts, brand endorsements, and investments.
Burna Boy’s Net Worth 2021
As of 2021, Burna Boy had an estimated net worth of $20 million. Burna Boy, whose real name is Damini Ebunoluwa Ogulu, gained international recognition for his Afrofusion style of music. He has released several hit songs and albums, including “African Giant” and “Twice as Tall,” which won the Grammy Award for Best Global Music Album in 2021. Burna Boy’s success in the music industry has significantly contributed to his impressive net worth.
Burna Boy’s Net Worth 2022
In 2022, Forbes did a feature on Burna Boy regarding his collaboration with BoohooMAN Collection, which earned him millions of naira, adding up to his estimated net worth of $24 million in 2022. He also achieved several notable accomplishments. He released his highly anticipated album “Twice as Tall,”. Additionally, he embarked on a successful world tour, performed at major music festivals, and collaborated with renowned artists such as Justin Bieber and Sia. Burna Boy’s consistent success and entrepreneurial endeavours have contributed to his impressive wealth.
Burna Boy Net Worth 2023
Burna Boy’s net worth is estimated to be around $26 million making his net worth in naira about 19 billion using the current exchange rate. In 2023, Burna Boy continued his successful music career, releasing several chart-topping singles and collaborating with internationally acclaimed artists. He also embarked on a world tour, performing in sold-out arenas. Additionally, Burna Boy expanded his business ventures, launching his own clothing line and endorsing various brands, further contributing to his wealth.
Burna Boy’s real name is Ebunoluwa Damini Ogulu, he is one of Africa’s most famous, biggest, and most successful artists. He is a singer, rapper, songwriter, and business personnel.
Burna Boy was born to the family of Samuel Ogulu, his father and Bose Ogulu, his mother, on July 2, 1991, in Port Harcourt.
Samuel Ogulu, the father of the renowned Nigerian musician Burna Boy, was born in the 1960s to Mr. and Mrs. Ogulu in the Engeni tribe of Mbiama, located in the Ahoda Local Government Area of Rivers State, Nigeria. He is a successful businessman. He manages a welding company and has various business interests.
Samuel Ogulu is married to Bose Ogulu. They got married on September 1, 1990, and have been together for 33 years. They have three children: Burna Boy, Ronami Ogulu, and Nissi Ogulu. Bose Ogulu is a talent manager, language consultant, and entrepreneur. She manages both Burna Boy and Nissi’s careers.
Burna Boy spent most of his early life in Southern Nigeria with his mother, Bose Ogulu, who later became his manager.
Research shows that Burna’s maternal grandfather, Benson Idonije, once managed one of the legendary music stars (Fela Kuti), who happens to be Burna’s role model, inspiring him to venture into music.
Burna Boy Age
Burna Boy is 32 years old of age. His date of birth is the 2nd of July, 1991, and it is quite amazing to see that he has achieved so many things in his career, even at his young age. At the VMA, Rema stated that Burna Boy is an inspiration to him and called him ‘old cat’, which solidifies his music growth in the industry.
He attended Corona secondary school in Agbara, Ogun state, Nigeria, and later proceeded to London to further his education.
After studying Media Technology at Sussex University, he went on to study Media Communications and Culture at Oxford Brookes University.
Damini opted to drop out of Oxford Brookes University in the second year to pursue a music career, which has proven to be quite successful.
Burna Boy launched his music career in 2010 upon returning from the United Kingdom. He signed to Aristokrat Records and released Like To Party in 2012 under this label.
His prominence in the Nigerian music industry began in 2012 after he released “Like to Party,” the lead single from his debut album L.I.F.E. He partnered with several famous Nigerian music artists at the time, including Idibia, 2Baba, Wizkid, Timaya, and many more.
Burna Boy established his record label, “Spaceship Entertainment,” in 2015, which also helped boost his music career. He later released his 2nd album, “E.P. Redemption,” which also was a hit. By then, his fame had gone beyond Nigeria. In 2017, the artistic and lyrically dynamic artist was signed by the international music group Bad Habit/Atlantic Records in the United States.
He was one of the invited African artists to work on Beyonce’s 2019 album Lion King: The Gift. OluwaBurna was the first Afrobeats artist to sell out Wembley Arena in the same year.
In January 2018, he released his third studio album “Outside” and his fourth Studio Album “African Gaint” was released in 2019, “Twice as Tall” in 2020, “want it all” in 2021, “Yaba Buluku Remix” in 2021, “Love Dimini” in 2022 during his birthday on July 7, 2022
Burna Boy has been diligent, consistent, and courageous in his music career since 2010. His relentless efforts have granted him many awards both locally and internationally.
He has won several awards within and outside Nigeria from 2010 to date. Below are some of the awards:
- 2013 – Best Pop by South Music Awards
- 2013 – Nigeria Entertainment Awards
(N.E.A.) Best New Act of the Year
- 2014 – N.E.A. “Best Album of the Year.”
- 2015 – N.E.A. “Best Pop Artist of the Year.”
- 2019 – Listener’s Choice: Soundcity M.V.P. Awards Festival
- 2019 – Song of the Year: Soundcity M.V.P. Awards Festival
- 2019 – Best Male M.V.P.: Soundcity M.V.P. Awards Festival
- 2019 – African Artiste of the Year: Soundcity M.V.P. Awards Festival
- 2019- B.E.T. Awards: Best International Act.”
- 2019 – Artiste of the Year: The Headies
- 2019 – Song of the Year: The Headies
- 2019 – The Headies “Best Collaboration.”
- 2019 – Best African Act by MTV Europe Music Awards
- 2019 – African Muzik Magazine Awards “Song of the Year.”
- 2019 – Artist of the Year by African Muzik Magazine Awards
- 2019 – West African Male Artiste of the Year by All Africa Music Awards
- 2019 – All Africa Music Awards “Album of the Year.”
- 2020 – Soundcity M.V.P. Awards Festival “Song of the Year.”
- 2020 – African Artiste of The Year by Soundcity M.V.P. Awards Festival
- 2020 – Soundcity M.V.P. Awards Festival “Best Male M.V.P.”
- 2021 – Grammy Awards “Best Global Music Album” for Twice as Tall Album
- 2022- MOBO Awards “Best International Act.”
- 2022- MOBO Awards “Best African Music Act.”
Burna was previously in a relationship with a British lady named Jo Pearl, but the relationship lasted barely two years.
The 31-year-old music artist went into a relationship with Stefflon Don, a 28-year-old English rapper, singer, and songwriter he met in Ghana after performing in a music show in 2019. The duo are no longer in a relationship.
Davido and Burna Boy: Who is the richest?
Davido and Burna Boy are both very successful Nigerian musicians, but when it comes to their net worth, Davido whose real name is David Adedeji Adeleke holds the upper hand. Davido has an estimated net worth of ₦21.5 billion, which is roughly $28 million. On the other hand, Burna Boy has an estimated net worth of ₦19 billion, approximately $26 million.
While both artists have made significant contributions to the music industry and achieved international recognition, Davido’s net worth places him slightly ahead in terms of wealth. It’s important to note that their success is a testament to their talent and hard work in the music industry.
Burna Boy is a successful musician who is globally recognized and honoured in the music industry. Based on our research, Burna Boy’s net worth is estimated to be $26 million. His enormous net worth is obtained from sales of live concerts, music albums, and music tours, as well as through monetized streaming platforms like YouTube
He has also bagged numerous awards and has not relented in his effort to improve his music.
Frequently Asked Questions About Burna Boy’s Net Worth
What is Burna Boy’s net worth in dollars
Burna Boy, who is one of the Richest Musicians in Nigeria, currently has an estimated net worth of about $26 million dollars.
Who is richer between Wizkid and Burna Boy?
According to estimates, Wizkid is wealthier than Burna Boy, with a reported net worth of $30 million compared to Burna Boy’s estimated net worth of $26 million. This means that Wizkid has a higher net worth and is considered richer than Burna Boy.
Who is the richest artist in Nigeria?
Wizkid has the highest net worth among Nigerian artists, estimated at about $30 million. Following closely is Davido in terms of net worth.
How old is Burna Boy Now?
Burna Boy is currently 32 years old. He was born on July 2, 1991.
Who is Burna’s Father?
Burna’s father is Samuel Ogulu.
Burna Boy and Shatta Wale who is the richest?
Burna Boy’s estimated net worth is significantly higher than Shatta Wale’s. Burna Boy’s net worth is approximately $26 million, whereas Shatta Wale’s net worth is about $8 million.