… Wizkid Takes Africa’s Top Spot With $1m
Spotify said on Wednesday it paid $10 billion in royalties in 2024, the largest payout to the music industry in a single year.
Nearly 1,500 artists earned over $1 million in royalties from Spotify last year, the Swedish streaming giant said.
Spotify said its yearly payout to the music industry had risen 10 times from $1 billion in 2014.
Spotify was hit with a lawsuit in U.S. that accused the company of underpaying songwriting royalties for tens of millions of songs last year. A federal judge in New York ruled to dismiss that suit this year.
Nigeria’s Ayodeji Balogun, also known as Wizkid, is the highest-paid Nigerian artist on Spotify, earning an estimated $1 million monthly.
Music statistics monitoring platform, Chart Masters recently revealed the world’s artists monthly earnings on Spotify and Wizkid emerged as Africa’s biggest earner with $1 million.
The list of Africa’s top 9 earners is dominated by Nigerians, except for South Africa’s Tyla.
1. Wizkid – $1 million
2. Burna Boy – $782,148
3. Tems – $660,210
4. Tyla – $607,804
5. Davido – $458,615
6. Asake – $451,553
7. Omah Lay – $421,123
8. Ayra Starr – $400,972
9. Rema – $367,973
Canadian rapper Drake and American singer, Taylor Swift are the world’s biggest earners on Spotify with $7.717m and $7.713m respectively.
