How Burna Boy amassed his Net Worth

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. 

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)

• Pepsi (~₦100 million)   

• Glo (~₦50 million)

• Nike (~₦30 million)

• Oraimo (-₦20 million) 

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)

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)

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

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. 

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