Davido, whose real name is David Adedeji Adeleke, is a talented Nigerian musician, songwriter, and record label owner who has achieved tremendous success in the Afrobeat genre.
With a Net Worth estimated to be around $25 million, Davido makes it to the top as one of the richest Nigerian artists.
Despite coming from a family of successful businessmen, the singer has made a name for himself in the music industry through his hard work, dedication, and musical talent.
He earns his wealth from multiple sources, including music sales, concert tours, endorsements, and business ventures.
In this article, we’ll take a closer look at Davido’s net worth, the cars and houses he owns, his endorsement deals, and other sources of income.
Davido Net Worth 2023
According to Forbes, Davido’s net worth is estimated to be approximately $25 million in 2023.
His wealth is derived from multiple streams of revenue, including his successful music career.
O.B.O rose to prominence through his debut single, “Back When,” and the subsequent hit “Dami Duro,” which catapulted him into the limelight.
He consistently produces chart-topping songs, which contribute to album sales, streaming revenue, and concert earnings.
Besides his music career, he is also the founder of Davido Music Worldwide (DMW), a record label that has nurtured the talents of emerging artists.
Under the record label, he has signed talented artists such as Mayorkun, Dremo, Peruzzi, Logos Olori, and many more.
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All these factors, including the fact that he comes from an influential background, contribute to OBO’s net worth.
Some people wonder about the source of Davido’s wealth, while others link it to his father’s wealth, however, he has strived to make his own money, as he has been known to have bagged many endorsement deals.
Forbes lists Davido as one of the top Afrobeat artists in Africa with many chart-topping hits.
Overall, his ability to diversify revenue streams and engage in entrepreneurial activities has contributed to his financial success.
Davido Endorsement Deals
Davido, like many other successful artists, has been able to secure some amazing endorsement deals with many high-profile local and international brands.
Being an A-list artist, it’s no surprise that so many companies and brands come after him for brand influence.
Some of his major endorsement deals include Munch it, Pepsi, Martell Blue Swift, Wema Bank, PUMA, and Travelbeta, as well as Close Up, Guinness, and Mtn Pulse.
All of these deals promise impressive financial gains for the Afrobeats star.
Over the years, OBO has become affiliated with some of the biggest brands in Nigeria.
For instance, he had an endorsement deal with MTN, the largest mobile network in Africa, worth N30 million.
Later, he was featured as the face of MTN Pulse, a marketing campaign in Nigeria aimed at young people.
In 2013, the Guinness company endorsed him, who performed in the “World of More Concert” alongside other top Nigerian music artists.
Also, in 2018, he announced an endorsement deal with Infinix Mobile, a Hong Kong-based smartphone manufacturer.
The singer has also had a long-standing endorsement deal with Pepsi, a global beverage brand.
In addition, he has been linked to AXE, a personal care brand, and Travelbeta, a travel booking company.
It’s worth noting that Davido’s endorsement deal with Martel, a French cognac, is reportedly worth 5 million dollars, these achievements have seen his networth on a steady increase.
Sources of Income
Davido is a multi-talented artist and entrepreneur who earns income from various sources.
His music, including album sales, single downloads, and streaming on platforms like Spotify, Apple Music, and YouTube, are significant contributors to his income.
He also makes a considerable amount of money from live shows, concerts, and international tours.
Davido’s immense popularity draws large audiences, resulting in ticket sales and sponsorship deals.
He charges huge sums for his shows and performances, with local shows ranging from N10 million to N40 million and performances abroad earning him between $100,000 and $200,000.
The talented musician is also the founder of DMW, a music label in Nigeria that has produced successful artists like Mayorkun, Peruzzi, and Dremo.
His role as a record label executive contributes to his income through the success of the artists under DMW.
His large following on all social media platforms, makes him a popular choice for big brands.
Companies like Infinix Mobile, Pepsi, Puma, AXE Nigeria, and Travelbeta have all associated themselves with the singer.
The astounding figure of Davido net worth is a result of his hard work in the music industry, and not only due to his father’s wealth.
While his father is wealthy, it would be unfair to say that he’s only rich because of his dad.
It’s no secret that the singer leads a luxurious lifestyle and boasts an impressive collection of cars.
At just 23 years old, he celebrated his birthday by acquiring a convertible Audi R8.
Recently, he added a 2023 Maybach S680 Virgil Abloh to his collection, which is worth a whopping ₦450 million in Nigeria.
This car is known for its opulence, and advanced features.
In addition to this, OBO also shared a post revealing that he purchased a Porsche Panamera and a 2021 Rolls Royce Cullinan, which starts at a price of ₦163.3 million.
He has been spotted driving a Bentley Bentayga and a luxury Porsche Panamera as well.
O.B.O also has a luxury Lamborghini Aventador, which he shared on his official Instagram page.
The price of the Aventador in Nigeria ranges from 300,000,000 Naira.
He also owns a Red Lamborghini Huracan, which ranges from 250,000,000 Naira in Nigeria.
The artist also owns a Benz Sprinter Bus and Hilux pickups used by escorts and a Mercedes Benz GLS.
It has been reported that the successful musician and entertainer Davido owns three houses, one in Atlanta, USA, and two in Nigeria.
According to online sources, his home in Atlanta Georgia is believed to be worth over 60 million nairas.
In addition, he has a mansion in Lekki Lagos rumored to be around 140 million naira and a recently acquired apartment in Banana Island for about 630 million naira.
It is also worth noting that he bought a N45 million mansion for his music producer and friend Shinji.
OBO is known for his flamboyant style and love for luxury.
He loves to show off his luxurious lifestyle and is often seen wearing stunning pieces of diamond jewelry.
He recently treated himself to a diamond necklace worth over N500 million (£500,000).
You can see him happily purchasing the necklace in a video he shared on his Instagram page.
He has also been spotted wearing diamond rings, bracelets, earrings, and chains.
OBO definitely knows how to rock some serious bling!
Davido Private Jet – Does He Own One?
Back in May 2023, Davido announced that he was expecting his new private jet to arrive soon and this news caused a lot of reactions on social media.
Some of his fans argued that he may not have earned enough money to afford a private jet.
However, he later clarified the situation by explaining the ownership of the aircraft.
In an Instagram post, he wrote,
“Lmao, all of you, what is mine is Imade’s, and what is my father’s is mine.”
This statement sparked another debate about who actually owns the jet.
While the private jet issue continues to stir up discussions online, we cannot deny the fact that OBO has worked hard to achieve the success he enjoys today.
So whether he owns the private jet or not, he deserves to live a comfortable life.
Davido is a well-known Afrobeat singer with a net worth of over $25 million.
He enjoys sharing his flashy and costly lifestyle, and achievements on his Instagram and Twitter.
In 2023, Forbes reported that Davido is worth over $25 million from various sources, including royalties, brand partnerships, and concert tours.
It’s no wonder that he can afford his lavish lifestyle. The singer has also been linked to a lot of online controversies as far back as 2016.
Despite these public controversies, the singer continues to pursue his passion for music and remains a prominent and influential figure in the industry.
On multiple occasions, he has managed to come out on top of controversies that could have ruined his musical career.
Moreover, OBO is committed to philanthropy and has been involved in various charitable activities.
Frequently Asked Questions
1. How much does Davido make annually? Davido is reported to make about $10 million annually.
2. How much is Davido net worth in 2023 As of 2023, Davido’s net worth is estimated to be $25 million
3. What is Davido net worth 2023 forbes? In 2023, Forbes reported Davido earned over $20 million in 2023.
4. Is Davido’s wealth only from music? No, the singer’s wealth is not solely derived from his music career. He has diversified his sources of income into different ventures.
5. How did Davido accumulate his wealth? The singer accumulated his wealth by leveraging his achievements in the music industry, brand endorsements, and real estate investments
6. What is Davido’s Net Worth In Naira? Davido Net Worth in naira is approximately 16 billion naira.
7. Is Davido the highest-paid musician in Nigeria? According to multiple online sources, Davido is one of the highest-earning musicians in Nigeria. However, we can’t say for certain if he is the highest paid in the country.
8. How much is Davido’s private jet? The private jet is estimated to be $62 million
9. How much does Instagram pay Davido? As of 2023, each sponsored Instagram post of Davido is reportedly worth $128,300.
10. How much is Davido paid per show? In a chat with icebox jewelry store co-owner, the ‘Back When’ singer revealed that he now charges $600,000 per show.
11. How much is Davido paid per post? In 2022, Davido was reportedly paid $131,000 per post.
12. How much does Pepsi pay Davido? Davido reportedly signed a 2-year contract for a Pepsi endorsement deal in 2016, which is said to be worth a staggering sum of N100 million.
He has since renewed the contract and continues to be associated with the brand.