Davido’s net worth has been calculated to be $10 million and the major source of his wealth is music. Davido is a Nigerian singer, songwriter, and record producer
Musicians are prone to go by a number of names and for Davido, we have seen many monikers, from being called Omo Baba Olowo, which was later reduced to OBO to Baddest and The Best. But most significant among his monikers is his affiliation with the 30 billion gang, a name he came up with by himself.
All these names have been in reference to the amount of wealth that is present in his life and for one of the biggest acts in Nigeria, whose net worth is believed to be among the largest in the entertainment industry, constantly speaking about his wealth is not strange, especially as his career began when he was still very young.
Davido is 30 Years Old and Already A Billionaire
It is not clear at what age exactly Davido hit the millionaire mark but for a career that began when he was 19, he has done remarkably well. 10 years in the game, he is now worth $10 million. This does not just show growth but immense success. A Nigerian superstar, David Adedeji Adeleke was born on the 21st of November, 1992, in Atlanta, Georgia. The youngest of five children born to his business magnate father and educator mother, his career in music is something that began while he was still a student at Oakwood University where he was studying business administration. Davido later bought musical equipment, decided to drop out of school and pursue music on a full-time basis.
To successfully do this, he returned to Nigeria and started studying Music at Babcock University. By 2011, his debut album, Omo Baba Olowo was ready. It featured afrobeat and hip hop and he worked with a number of producers on it, including Maleek Berry, Spellz, Shizzi, and many others. The two singles off the album were Dami Duro and Back When. The former was released on 7th May 2011 as the album’s lead single.
Regardless of the fact that the album had mostly negative reviews, Davido was able to build on the fame it generated and even went on to win the 2013 Headies’ Best R&B/Pop album. This was however one indication of the fame and success that Davido was on course to experience later in his career.
Inside The Meteoric Growth of Davido’s Net Worth
While many say he was born with a silver spoon which is not far from the truth, we can’t deny the obvious fact that the young musician has blazed his own trail away from his very rich family. In the decade that Davido has spent as a professional musician, he has quickly risen to become a phenomenon in the Nigerian music space. He has created a record label and is known for his willingness to support the careers of other musicians like him. So far, music is what brought him to the spotlight and also takes credit for the major part of his net worth.
He Has Successful Studio Albums
In 10 years, he has released 3 studio albums and some EPs that have gone on to become hits, including Son of Mercy, A Good Time and A Better Time. Each one has major hits that displayed the musical talents and efficacy of Davido. Here is a list of his best-performing songs.
- Dami Duro
- Back When
- All of You
- Feel Alright
- Like Dat
- Wonder Woman
- Blow My Mind
- The Best
The most indicative thing about the growth of his career is his collaboration with artists outside of Nigeria, especially in America which has earned him the title of a Nigerian-American musician. His third album recorded guest appearances from international superstars like Chris Brown, Nicki Minaj, Lil Baby, Nas, and Young Thug. It also got 213.2 million streams withing one month of its release. Also, his songs If and Fall were commercially successful according to the singer. The former sold over 2 million copies as a single while the latter sold more than 10 million copies globally.
— TheDavidoDailyShow😈 (@_davidodaily) March 19, 2021
In addition to album sales and online earnings, Davido charges a fortune to appear on music shows. As far back as 2014 when his Aye song was making waves, he charged between N3.5 million to N5.5 million for live performances.
By 2018, he was charging up to N10 million for a show in his country and $20,000-$35,000 for international appearances, and the amount keeps going higher.
His Record Label
While learning the ropes in the music business, Davido spent five years on a co-owned label, HKN. Later in his career, he left to start his own record label, Davido Music Worldwide. The singer floated the label in 2016 and signed singers like Dremo, Dammy Krane, and Mayorkun who turned out to be successful.
He is now one of the many musicians who own their own record label. Though the details are not known, it is certain he makes a lot of money from this venture.
Endorsement Deals With Major Brands
As one of the biggest stars in Africa, it is not strange that Davido has worked with a number of brands in the capacity of an ambassador. This has not only contributed to the spread of the impact of these brands but it has also made him wealthier. The first one was with MTN Pulse worth over N30 million. His Pepsi 2-year deal raked in N100 million.
These are some of the brands that Davido has worked with:
- Guinness Nigeria
- Infinix Mobile
Other Business Interests
His music is not the only way he has come to have the massive net worth, Davido is known to have a number of other sources of wealth creation such as branching into the motorsports industry. The musician has expressed an interest in starting his own airline. None of his big aspirations comes as a surprise since he has the resources and comes from a family of entrepreneurs.
Davido’s Net Worth Compared To Wizkid
Davido, Wizkid, and Burna Boy all began their careers around the same time, within months of each other. This has somehow defined the rivalry that exists between the three, a rivalry that extends to their fans as well. This generation of singers have risen to the limelight together but of the three, Davido’s net worth stands out, especially when compared to Burna Boy who is not as significantly wealthy.
Wizkid’s net worth is pegged at $4 million but for Burna Boy, several conflicting figures have been put forward. However, the truth remains that Davido’s net worth is higher by a huge margin. Though many would say his family’s wealth influenced his success, there is no denying that the youngster takes his music seriously.