Davido is a Nigerian artist popularly known as OBO the Baddest. He is one of the famous musicians in Nigeria alongside Wizkid and other artists; his firmness has helped him earn a lot to increase his net worth.
Davido’s net worth is estimated at $25 million in 2021.
Davido’s real name is David Adeleke. Davido is the son of a famous Nigerian billionaire, Dr Adedeji Adeleke, one of Nigeria’s richest men with a massive net worth.
Davido’s net worth has started growing gradually over the years due to his strides in the music industry.
Davido co-produced the single Dami Duro with Shizzi, which Clarence shot in Lagos. The song Dami Duro came with a fantastic video in Jan. 2012.
Dami Duro became the talk of the town with frequent airplay on different media platforms.
Since 2011, when he released “Dami Duro”, which was a hit, he made his way straight into the music industry. Dami Duro song raised his net worth to a high level.
Currently, Davido is one of the richest Nigerian musicians with a vast net worth owning to his effort in the music industry releasing much music.
Davido’s Net worth
Davido’s net worth was estimated to be $25 million in 2020. As of January 2021, his net worth is still estimated to b $25 million, increasing to Davido’s net worth, which was estimated to be $16 million in 2019.
Davido, aside from coming from a wealthy family, is a hustler who wishes to make his own money and name and not depend solely on his father’s wealth.
Many wonder about the source of Davido’s wealth, while some links his wealth and fame to his father. However, Davidohave strived to make himself rich as he has known to have bagged many endorsement deals.
Forbes listed Davido as one of the African artists who produces and releases songs that top differents charts.
Forbes has released a list of songs that have consistently topped the charts and defined several cultural moments for Africans on the continent and the diaspora. Endorsements have also rolled in as he had worked with many high profile brands, including MTN and Guinness Nigeria.
Davido Endorsement deal
Davido is a brand ambassador to many multi-million companies such as AXE, Travelbeta, Pepsi, MTN etc.
Aside from his ambassadorship, Davido is reaping the fruit of his relentless labour in the studio as many multi-million companies are ready to assign an endorsement deal with him.
On April 6, 2012, Davido signed an endorsement deal worth N30 million with MTN, the largest mobile network in Africa.
Davido was later unveiled as the face of MTN Pulse, a marketing campaign for youths in Nigeria.
On October 24, 2013, Guinness company endorsed Davido, performing in the “World of More Concert, ” alongside other top Nigerian music artists like Olamide, Wizkid, Tiwa Savage, D’banj and many more.
On May 9, 2018, he announced an endorsement deal with Infinix mobile, a Hong-Kong based smartphone manufacturer.
Other sources of Davido’s Income
Davido’s primary source of income is from music; he charges enormous money for his performances and shows. It has helped to increase his net worth.
For local shows, Davido charges between N10-N40 million, while for performances abroad, he earns between $1000 000 – $200,000, a considerable amount to increase his net worth.
Davido, as a famous musician, attends more than 40 shows annually. When you multiply the numbers of shows mentioned to the cash figure he collects, you see that Davido’s hard work equates to his net worth.
Davido garners over 663 million views on his videos on his YouTube page, a platform that has increased his income and net worth.
Davido founded his music label DMW in 2016, shortly after signing up with Sony Music. His first major signing in DMW was Mayorkun. Davido’s DMW became another of his source of income.
In the DMW, even though he is making his money and increasing his net worth, Davido has helped raised many talented musicians in Africa.
Davido, while speaking about DMW, said, “people fail to understand you can’t be on top forever; having these artists helps me stay afloat and be current with new stuff”.
To be clear, Davido is a young musician whose net worth is due to his unrelenting hard work in the music industry and not linked to his father’s wealth and popularity as assumed by some persons.
Davido’s net worth is estimated to be $25 million.
Davido, with a net worth of over $25 million, is known for his luxurious and expensive lifestyle. He constantly boasts of flashy and costly belongings.
Davido, in his Instagram handles, once shared a picture of his family’s private jet on social media, which attracted many reactions from both fans and haters.
He equally wrote on Twitter Bought already. It’s not soup; it’s Hard work and Ambition! Many congratulated him, while some termed it a show of arrogance.
Davido, due to his huge net worth, lives his luxury life to the fullest; he once bought Rolex watches for his two daughters at the cost of 30 million naira each ($80,000), bringing the total to 60 Million Naira.
He equally flaunted Rolex watch he bought for his PA Santusgee in Dubai. Santusgee didn’t take time to announce it on Instagram.
He wrote on Instagram THE PANDEMIC COULDN’T STOP ME! ROLLY GANG !#30BG4LThanks@davido!
Davido’s expensive life made some assume his net worth is beyond $25 million.