Davido net worth continues to fascinate Nigerian music fans and entertainment followers worldwide. David Adedeji Adeleke (OBO) is among the richest entertainers in Africa due to his hit songs, lavish lifestyle and businesses. But just how rich is Davido currently?
- Davido Net Worth Currently: The Numbers That Matter
- How Davido Makes His Money Currently
- Music Revenue: The Foundation of His Empire
- Endorsement Deals: The Billion Naira Partnerships
- DMW Record Label Empire
- Real Estate Investments Make You Wealthy in Long Run
- Davido’s Lavish Lifestyle: Cars, Jets, and More
- The Billion Naira Car Collection
- Private Aviation and Luxury Travel
- Jewellery and Fashion: The Bling Factor
- Wealth Ranking of Davido and Other Nigerian Artists Currently
- Recent Events That Have Increased Davido’s Wealth
- The Assets That Define Davido’s Current Wealth
- Frequently Asked Questions About Davido’s Wealth
- The Bottom Line: Davido’s Current Money Moves
From his lavish billion naira house in Banana Island to his expensive cars and endorsements abroad, we analyze the 30BG leader’s wealth, assets, and multiple streams of income.
Davido Net Worth Currently: The Numbers That Matter
Davido net worth ranges from ₦45 billion to ₦60 billion ($35 to 40 million USD) currently. Many industry insiders and financial experts estimate that the king of Afrobeats is in this wealth range. His wealth and fortune does not come from his music career alone. He rakes in the big bucks through his brand investments and partnerships.
The variation in these estimates reflects the challenge of assessing the value of private assets, ongoing business enterprises and the volatility of entertainment industry earnings. Despite the diverse nature of other reports, Davido is consistently termed among the three wealthiest Nigerian musicians with Wizkid and Burna Boy.
For a detailed financial analysis of his current wealth, experts continue to track his growing empire.
How Davido Makes His Money Currently
Music Revenue: The Foundation of His Empire
Music remains Davido’s primary goldmine. OBO generates substantial passive income from the digital market. He has over 2 billion streams on Spotify, 1.7 billion views on YouTube and 694.5 million streams on Boomplay.
His latest albums Timeless (2023) and 5ive currently have broken several streaming records. They have added a lot to his worth.
Concert Earnings:
- Nigerian events cost ₦40 to 70 million each
- International concerts: $600,000+ per show
- Major venue performances: sold out shows at Madison Square Garden, London O2 Arena
His ‘5IVE Alive’ concert series 12 city North American tour is expected to make billions in ticket sales and merchandise.
Endorsement Deals: The Billion Naira Partnerships
Davido’s brand value attracts premium partnerships with international and local brands.
Major Endorsement Portfolio:
- MTN Nigeria: Multi year telecommunications partnership
- Pepsi: International beverage brand ambassador
- Infinix Mobile: Technology brand collaboration
- Puma: Global sportswear partnership
- Martell: deal for cognac brand worth $5 million from 2021 until now
- Guinness Nigeria: A partnership with a premium alcoholic brand
He earns between ₦100 million to ₦400 million a year from every major endorsement. His partnerships contribute over ₦2 billion to his annual earnings. These deals aren’t just for the money. They also come with equity, royalty and partnership deals.
DMW Record Label Empire
DMW was founded in 2016. It has since become one of Africa’s biggest record labels. The roster includes breakthrough artists like Peruzzi, Mayorkun, Dremo, Morravey, and Logos Olori.
DMW Revenue Streams:
- Publishing rights and royalties
- Artist management fees
- Concert production and promotion
- Brand partnership facilitation
- International licensing deals
The label generates an estimated ₦500 million+ every year. Davido earns from it as the owner and the top artist.
Real Estate Investments Make You Wealthy in Long Run
Davido owns properties on three continents. These are some of his most valuable assets.
Nigerian Properties:
- Banana Island House, Lagos: luxury mansion estimated at over a billion naira with swimming pool, private elevator, and home theatre
- Lekki mansion worth ₦140 million with full automation
- Eko Atlantic Property acquired recently (Value not disclosed)
International Properties:
- Atlanta Mansion, Georgia: $20 million, 18,000 sq ft estate of his birth
- Dubai Apartment: investment in prime location
- Real estate investments across other properties in the USA
Davido’s Lavish Lifestyle: Cars, Jets, and More
The Billion Naira Car Collection
A look through Davido’s garage is like a stroll through an exotic car magazine. His collection is worth over ₦2 billion.
Recent Acquisitions:
- Latest arrival by the end of last year: the Rolls Royce Phantom
- Tesla Cybertruck: ₦400+ million electric beast
- Mercedes Maybach SL680: Luxury Convertible Worth ₦400+ Million
- Rolls Royce Spectre: A luxury electric sedan for ₦924 million
Notable Collection Highlights:
- Yellow speed monster Lamborghini Aventador ₦150 million
- Rolls Royce Cullinan: ₦130 million custom SUV with “001” plates
- Luxury SUV Lamborghini Urus ₦72 million
- Bentley Bentayga: British luxury costing ₦200 million
- Mercedes G Wagon: A bunch of units for all occasions
Private Aviation and Luxury Travel
Davido may be technically owned by his billionaire father. That doesn’t mean he doesn’t have access to his dad’s Bombardier Global Express 6000 private jet. It is worth around ₦10 to 12 billion.
He uses it for international tours, business meetings, and luxury vacations. He often shares “sky view” pictures that his 30BG fans love.
Jewellery and Fashion: The Bling Factor
OBO’s jewelry collection tells its own story of success.
- Individual Chains: Over $100,000 worth each
- Spending ₦150m on jewelry alone during London shopping trip
- Jewelry made to requirements by top jewelers
- Collection features premium watches from Rolex, Patek Philippe and Audemars Piguet
When comparing Sabinus net worth or Mark Angel’s wealth, entertainers like Brain Jotter’s earnings show the diversity in Nigerian entertainment wealth.
Wealth Ranking of Davido and Other Nigerian Artists Currently
The battle for Nigeria’s richest musician continues to heat up.
Nigeria’s Five Wealthiest Musicians Currently:
- Wizkid (Starboy): $50 million. Added a 1.4 billion Naira Ferrari Recently
- Burna Boy (African Giant): $40 to 45 million. Grammy winner with international appeal
- Davido (OBO): $35 to 40 million. Business successes, endorsement deals, and more
- Don Jazzy’s fortune stands tall at $40 million
- D’banj: $30 to 35 millionaire business veteran with varied portfolio
Among the richest Nigerian musicians, the competition remains fierce.
Forbes ranking listed Davido as $15 million recently. This caused a huge stir among 30BG fans. They argued Davido net worth is much higher, judging by visible assets and lifestyle.
Comparing with other artists like Naira Marley’s net worth, Zinoleesky’s wealth, and Tekno’s net worth, the top 10 richest musicians in Nigeria showcase incredible diversity in wealth accumulation.
Recent Events That Have Increased Davido’s Wealth
New Music and Tours
The album “5ive” was released in April and is already breaking streaming records. International Collaborations: Collaborating with global stars to grow his impact. Venues That Have Sold Out: Consistent capacity crowds at premium international venues.
Business Expansions
Investing in technology: reports of stake in fintech and crypto bets. Discovering Potential Clothing Line and Partnerships with a Fashion Brand. Buy, Sell or Rent: Transacting across high demand property markets.
Brand Partnerships Growth
Several major deals renewed with increased valuations. Expanding the brand’s presence in the US, UK and other African markets. Social Media Influence: With over 25 million Instagram followers, he has phenomenal brand value.
His global Afrobeats impact continues to drive massive earning potential across multiple revenue streams.
The Assets That Define Davido’s Current Wealth
Primary Residence: Banana Island Masterpiece
The best real estate investment he has made so far is the Banana Island mansion. It is worth over ₦1.5 billion. The property is located in the most exclusive area of Lagos.
- Private elevator system
- Olympic sized swimming pool
- Professional home cinema
- Fully equipped recording studio
- Security anytime and smart home automations
- Underground parking for 20+ luxury vehicles
Transportation Fleet
Beyond cars, Davido’s transportation assets include private jet access (family owned Bombardier), luxury yacht for Lagos waterway entertainment, sprinter buses for crew and equipment transportation, and security convoy vehicles for safe movement.
Business Infrastructure
DMW Studios: State of the art recording facilities. Music equipment with various advanced technology is used. List of hit songs and the royalties they make.
Frequently Asked Questions About Davido’s Wealth
A: Davido net worth is estimated to be around ₦45 to 60 billion, which is $35 to 40 million.
A: He makes most of his money through streaming/concerts (40%), endorsements (35%), business ventures (15%) and investments (10%).
A: His Rolls Royce Spectre believed to worth ₦924 million is one of his valuable cars.
A: He has access to a private jet worth ₦10+ billion that belongs to his family.
A: Currently, it appears that Wizkid is a little rich compared to Davido but they are still in the same range.
The Bottom Line: Davido’s Current Money Moves
Davido net worth between ₦45 to 60 billion currently is indicative of his smart thinking that would build and sell his brand and the global appeal of Afrobeats music. OBO, from the days of “Dami Duro” to becoming a global superstar, has shown that Nigerian stars can grow huge wealth through talent, hard work, and wise business decisions.
Thanks to his varied income streams from music, endorsements, real estate, and other businesses, he can still pay the bills without any hits. The 30BG leader Davido is a cultural ambassador for Nigeria. He proves that our entertainers can compete anywhere in the world.
As we move along currently, Davido’s wealth trajectory is pointing further upward with the announcement of his new album 5ive and forthcoming international tours. Whether he is still among the 3 richest Nigerian musicians or is the richest Nigerian musician remains to be seen.
However, David Adedeji Adeleke has built an entertainment empire that will keep raking in cash for years to come.
The mentioned Net Worth is an estimation and subject to change. It does not take into account all possible factors. The actual wealth of individuals may be different as private financial information is not disclosed publicly.
