Diamond Platnumz’s net worth is $10 million as of 2024. Though he is not the richest African musician, he takes a top spot on the list of the richest African musicians. The major sources through which he built his net worth are his music career, businesses, ambassadorial deals, and more.
Diamond Platnumz (born Naseeb Abdul Juma Issack) is a Tanzanian bongo flava recording artist, dancer, businessman, and philanthropist. With all that he has his hands on, he has garnered a net worth that runs in millions.
What is Diamond Platnumz’s Net Worth?
Diamond Platnumz’s net worth is estimated at $10 million, though some sources report it to be above that. The musician had a humble beginning before his big break in the music industry. He sold clothes as a teenager and used the money he made to record songs in the studio. However, his debut song, Toka Mwanzo, flopped as it wasn’t a commercial success, but he kept pushing till he got his breakthrough in 2010 with the single Kamwambie.
Through his flourishing music career, he was able to amass a huge net worth and has been ranked on the top 20 list of the richest African musicians. He made his money primarily from his music career by selling albums, tours, concerts, and digital and online streams. See details of Diamond Platnumz’s net worth below.
Diamond Platnumz’s net worth has risen meteorically, thanks to his hit songs. With the release of his song Kamwambie in 2010, he gained widespread fame, winning about three awards. His other songs and music videos for songs like Waah earned him honors.
The singer has collaborated with many national and international artists to release hit songs that added to his net worth. Some artists he has collaborated with include Zuchu, Adekunle Gold, Ne-Yo, Omarion, Koffi Olomide, Focalistic, and more.
Tours and Live Performances
Diamond Platnumz’s music career has affected his income positively, as his concerts, tours, and live performances earned him a fortune. With the success of his singles, albums, and collaborations, he has left indelible marks in the hearts of fans; thus, his performances often have large turnouts. As the most decorated artist in Central and East Africa, he has hosted many live performances in both regions.
Meanwhile, the musician has also toured other international countries from 2011 to date. In 2011, he performed at the House and Terrace (THAT) Club in Greenwich, United Kingdom. He performed at the O2 Academy in Brixton, London, United Kingdom, with the American-Nigerian musician Davido.
Diamond Platnumz had the highest number of tours in 2016 as he performed in Finland, Australia, and major cities in the United Kingdom, like Glasgow, Manchester, Brighton, Milton Keynes, Bristol, Bournemouth, Birmingham, and London. In the subsequent years, he has toured in countries like the United Kingdom, United States, Germany, Canada, France, Sweden, and more.
The singer reportedly receives about $50,000 for a show within Tanzania and $70,000 for a show outside his country. According to reports, he charges $100,000 for an international show with the provision of a private jet.
Online and Digital Streams
Diamond Platnumz has millions of fans who stream his songs on various platforms, making him one of the most streamed African artists. These streaming platforms include Spotify, YouTube, Aipate, Boomplay, Soundcloud, Apple Music, and more.
The musician’s songs can be streamed on Spotify, where he has about 1.3 million monthly listeners and millions of monthly subscribers. Diamond Platnumz has over a million listeners to each of his songs, which has contributed a considerable sum to his account. Though he has not revealed his earnings from the platform so far, users earn $0.003 to $0.005 per stream, and with his millions of subscribers, he is sure to earn a great deal from it.
Diamond Platnumz joined YouTube in 2012 after his music received positive remarks from the public. He has over 904 uploaded videos on the platform, which has earned him massive subscribers of about 8.38 million. Meanwhile, the platform pays its users $.01 to $.03 per view for each content, and with his millions of subscribers, he must have bagged a good sum of money.
The musician’s songs also stream on Deezer, and he makes money from it. Diamond Platnumz has over a thousand fans on the platform, and Deezer pays its users $0.0064 per stream. Though his fanbase here is smaller than on his other platforms, he will still earn a reasonable sum from it.
As a businessman and singer, Diamond Platnumz launched his streaming platform, wasafi.com. The streaming platform does not only stream the singer’s songs but also those of other musicians. With the growth of the platform, the singer won’t only earn from streaming his songs but also from other users.
Diamond Platnumz’s songs are available on Boomplay, where he has amassed over a million listeners on all his songs. With the platform’s pay of $0.002 and $0.003 per stream, the singer is expected to earn considerably.
SoundCloud has Diamond Platnumz’s tracks available, and he gets paid a considerable sum for them. Given his substantial fan base on the network, it is reasonable to assume he makes a respectable living from it, given that each stream pays between $0.0025 and $0.004.
Diamond Platnumz’s net worth has also received a meteoric rise from his ambassadorial deals so far. He is the brand ambassador of East Africa’s Pepsi Brand Ambassador, Red Gold, Coral Paints, Belaire, DSTV Uber, Vodacom, Parimatch, Nice One, and more. Though he has not publicly made his pay with the following companies known, he gets a great deal from them.
Businesses That Boosted Diamond Platnumz’s Net Worth
Diamond Platnumz is not just a singer but also a business-minded fellow who has invested in many businesses. He is the founder of Wasafi Media, Wasafi Bet, and Zoom Extra. The singer went into a business partnership with Warner Music Group, an American multinational entertainment and record label group. Meanwhile, he established Wasafi Classic Baby, a record label based in Tanzania that has signed some artists.
Diamond Platnumz’s Net Worth Growth
|Diamond Platnumz’s Net Worth in 2023
|Diamond Platnumz’s Net Worth in 2022
|$ 9 Million
|Diamond Platnumz’s Net Worth in 2021
|Diamond Platnumz’s Net Worth in 2020
|Diamond Platnumz’s Net Worth in 2019
Diamond Platnumz Splashes His Money On Exotic Houses and Plush Cars
Diamond Platnumz not only rakes in huge amounts of money through his endeavors but has also put them to good use and acquired some houses in Africa. He acquired a mansion on Mbezi Beach in 2018 worth about KSh 99 million. The house has a swimming pool, a big car park, and five ensuite bedrooms. The singer also has a mansion in Madelet, which he named the State House, as it contains unique features.
The house has a swimming pool, a gym, a jacuzzi, a basketball court, a dance hall, and toilets designed with gold. Apart from his houses in Tanzania, he acquired a mansion in Moreleta Park in Pretoria, South Africa, with exquisite features. The house has a large dining and living room, a swimming pool, a balcony, a jacuzzi, and a garage. Meanwhile, houses in Tanzania are worth about $170,633, while his house in South Africa is worth about $176,510.
Diamond Platnumz’s Cars
Apart from houses, Diamond Platnumz has splashed money on cars and has some expensive cars in his garage. Some of the vehicles he has acquired include a 2021 Rolls-Royce Cullinan, which costs about $382,000. Meanwhile, his other expensive car collections include
- The Cadillac Escalade Black Edition
- Toyota Landcruiser V8
- BMW X6
- The Cadillac Escalade Sky Captain Edition
- Toyota Landcruiser V8
- Toyota Landcruiser TX