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How Burna Boy amassed his Net Worth

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With sold-out tours, remunerative endorsements, and chart-topping hits, Burna Boy's net worth has escalated over the years to recent time (2024).

Damini Ebunoluwa Ogulu, popularly known as Burna Boy, has solidified his position as a global music icon. The Nigerian Afro-fusion singer, songwriter, dancer, and rapper has broken cultural and geographical barriers and earned a profusion of awards and accolades. 

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Burna Boy’s Sources of revenue

Music sales and streaming

Burna Boy's albums, including "African Giant" (2019) and "Twice As Tall" (2020), have generated significant revenue from sales and streaming platforms.

  • Streaming revenue (2022): ₦1.5 billion (~$3.5 million USD)
  • Album sales (2022): ₦500 million (~$1.2 million USD) 

These Burna Boy's music and streaming revenue, has been a significant contributor to his net worth. With millions of streams across various platforms, he has earned substantial amounts from:

SPOTIFY: With over 10 million monthly listeners, Burna Boy has garnered:

  • 1.5 billion streams (2022-2024)
  • Average revenue per stream: $0.004-$0.008
  • Estimated earnings: $6-12 million

APPLE MUSIC:  With over 5 million subscribers in Africa:

  • 500 million streams (2022-2024)
  • Average revenue per stream: $0.005-$0.01
  • Estimated earnings: $2.5-5 million

YOUTUBE MUSIC: With over 2.5 million subscribers:

  • 1 billion views (2022-2024)
  • Average revenue per view: $0.5-$1
  • Estimated earnings: $5-10 million

Burna Boy’s Most Streamed Hit Songs (Top 5) Includes: 

  • Location ft. Dave (500 million+) streams across all music platforms.
  • Last Last (430 million+) streams across all music platforms
  • Own It ft. Ed Sheeran (350 million+) streams across all music platforms.
  • Be Honest ft. Jorja Smith (320 million+) streams across all music platforms.
  • On the Low(300 million+) streams across all music platforms.

Album sales

  • TWICE AS TALL (2020): over 500,000 units sold (physical and digital)
  • AFRICAN GIANT (2019): over 300,000 units sold (physical and digital)
  • OUTSIDE (2018): over 200,000 units sold (physical and digital)

Endorsement Deals

Burna Boy has partnered with top brands in Nigeria and across the world. Such as:

  • Star Lager Beer (~₦150 million)
Photos of Burna for Star Lager
Photos of Burna for Star Lager
  • Pepsi (~₦100 million)   
African Giant for Pepsi Advertisements
African Giant for Pepsi Advertisements
  • Glo (~₦50 million)
Burna boy shirtless at a Glo Event
Burna boy shirtless at a Glo Event
  • Nike (~₦30 million)
Image of Burna boy in Nike and his limited edition
Image of Burna boy in Nike and his limited edition
  • Oraimo (-₦20 million) 
Burna Boy on Oraimo as their brand ambassador
Burna Boy on Oraimo as their brand ambassador

Touring and Live Performances

Burna Boy's sold-out concerts and festivals ranging from 02 arena down to other venues.

  • 02 Arena 2021: ₦100 million (~$100,000 USD)
  • Afrochella 2022: ₦200 million (~$450,000 USD) 
  • Coachella 2022: ₦300 million (~$700,000 USD) 

Burna boy's Assets 

1. Real Estate: Burna Boy owns properties in Lagos and London:

  • Lagos mansion: ₦500 million (~$1.2 million USD)
  • London apartment: £1.5 million (~₦750 million)
Photos of Burna boy in one of his house
Photos of Burna boy in one of his house

2. Vehicles: Burna boy has acquired a lot of cars over the years, such as:

  • Rolls-Royce Phantom: ₦250 million (~$570,000 USD)
  • Lamborghini Urus: ₦200 million (~$450,000 USD)
  • Mayback: ₦100 million (~$260,000 USD)
Photo of Burna with one of his cars
Photo of Burna with one of his cars

He also has a Ferrari and has gotten his sister a Bentley.

Photo of Burna and the Bentley he gifted his sister

3. Record Label: In 2017, Burna boy signed with “Atlantic Records” in United States, whose parent record was “Warner Music Group”. 

Currently, Burna Boy co-owns Spaceship Entertainment.

Burna boy's Estimated Net Worth 

Based on these various sources of data, Burna Boy’s estimated net worth is ₦15 billion (~$35 million USD)

Burna Boy's remarkable journey to becoming one of Africa's most successful artists is a testament to his talent, hard work, and strategic business acumen. With a net worth estimated at $35 million USD, he has solidified his position as a global music powerhouse. His impressive music and streaming earnings, lucrative endorsement deals, and sold-out tours have contributed significantly to his wealth. 

Check latest 2024 Burna Boy News here and Get Fresh updates as they drop via X and Facebook

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