Burna Boy Net Worth: Nigerian Grammy Award-winner and self-proclaimed African Giant, Burna Boy, is undoubtedly one of the wealthiest contemporary artists in the African music scene, boasting a net worth in the millions of dollars.
Many are eager to find out the exact figure representing “Burna Boy net worth,” especially given the singer’s recent claim that contradicts Google’s estimate. According to the singer, the $22 million that Google attributes to him is a significant understatement, as he believes he is wealthier than commonly believed.
This contradiction raises several questions: What is Burna Boy’s actual net worth? Can we trust Google’s reported figure? Is he indeed wealthier than the media portrays him? Should we rely on the media or his self-assertion?
In this article, we will delve into these questions and provide a comprehensive analysis of Damini Ebunoluwa Ogulu, aka “Burna Boy net worth.”
Burna Boy Net Worth in 2023
Arguably, as of October 2023, “Burna Boy net worth” stands at $23 million (₦17.7 billion), thanks to the success of his seventh studio album, released in September 2023.
His primary source of income is music, and he has accumulated substantial wealth since his debut in the industry. His earnings come from various sources, including music streaming, live shows, concerts, collaborations, tours, and endorsement deals.
In the music business, Burna Boy has outperformed many artists who came before him, having sold out prestigious venues like the O2 Arena, Madison Square Garden, and Coachella.
His achievements, such as winning a Grammy Award and amassing 8.47 billion combined music streams, have significantly contributed to his impressive net worth.
The artist is reported to have diversified his investments into fashion, technology, cannabis, real estate, and more. These investments have further solidified his position as an A-list artist and a potential business person.
Burna Boy’s Investments
”Burna Boy Net Worth” in 2023 is astonishing. Dubbed the African Giant of Afrobeats, Burna Boy has several notable investments to his name.
While his investment portfolio may not match that of some African music entrepreneurs like Don Jazzy, Cassper Nyovest, Timaya, Duncan Mighty, MI, and Banky W, he has successfully established a business empire for himself. Here are some of his prominent investments:
- Spaceship Record Label (Full Ownership)
- Space Puffs (Clothing Line_Full Ownership)
- BrkFst (Cannabis_Full Ownership)
- MOON Ultra (Shareholder), among others.
While there are other multi-million dollar investments owned by the singer, the ones listed above are the most well-known to the public. Besides his investments, Burna Boy has secured ambassadorial deals with various brands.
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Burna Boy’s Endorsement Deals
Burna Boy boasts a slew of endorsement deals with corporate brands, both within and outside of Africa. The financial terms of these deals have contributed significantly to “Burnaboy net worth.” Some brands that have offered Burna Boy endorsement deals include:
- Martell Cognac: Recently, Burna Boy was named the new brand ambassador for Martell Cognac during the Martell 300 promo in Nigeria. The estimated value of this endorsement deal ranges from $7,000 to $15,000.
- Star Lager Beer: The Afrobeats icon made history as the first Nigerian musician to secure a brand ambassadorship with Star Lager Beer. Reports estimate the deal to be worth between $20,000 and $60,000.
- Globacom: Burna Boy is also an ambassador for GLO, with an estimated deal valued at N15 million to N20 million.
- Oraimo: The African Giant confirmed his ambassadorship with the Oraimo brand in November 2022, and although the exact value of the deal remains undisclosed, it is believed to be substantial. Notably, Burna Boy’s most significant endorsement deal is with Universal Music Publishing Group, worth more than $1 million.
Burna Boy’s Cars and Properties
Looking at “Burna Boy Net Worth” in 2023, you’d find out that the information about Burna Boy’s properties is limited, he is known to own a mansion in Lekki. However, his car collection is both impressive and extensive, including:
- 2022 Lamborghini Aventador SVJ – Valued at $867,500
- Rolls Royce Dawn – Priced at $350,000
- Bentley Continental GT – Costing $270,000 (2013 model)
- Mercedes-Benz Maybach S650
- Range Rover Autobiography – Valued at $167,000
Despite the ongoing controversy surrounding “Burna Boy net worth,” given his assertion that Google’s estimate falls short of his true financial standing, there’s no denying that he ranks among the top 5 richest African musicians. In conclusion, the African Giant boasts a total net worth of $23 million as of 2023.