October 14, 2019

Davido Net Worth 2019 – Deals & Endorsements

davido net worth 2019

A sneak peek into Adeleke Davido Net Worth 2019

David “Davido” Adeleke is the grandson of Chief Adebayo Adeleke. Chief was an investment banker and one of the people who created the Banana island we all so much love.
He’s the son of Adedeji Adeleke a high net worth individual, the Pro-Chancellor of Adeleke University, and part owner of the institution and owner of several other businesses, both in investments and real estate.

No wonder he’s called OBO meaning Omo Baba Olowo. This is a Yoruba phrase that looses translates to the son of a rich man. And men is Davido’s father rich, not Dangote rich though, but rich enough to be worth over $900 million.

Davido’s uncle is Senator Isiaka Adeleke, who vied for the Osun state governorship elections and lost admits questionable circumstances.
This is just to give you a background of who Davido is, he’s a rich kid, who has used the advantage of his family wealth and name to even make more and fame for himself.
Davido also called Oko Chioma (a Yoruba phrase that translates to Chioma’s husband, Chioma is Davido’s girlfriend.) is a 27-year-old recording artist, based in Nigeria.

He’s the CEO of Davido Music World (DMW) one of the most successful Nigerian record label in recent times.

According to Forbes list of African, richest musicians, Davido has a net worth of $19 million, just $1 million lesser than Wizkid. In fact Davido for now is one of the very few Nigerian artistes who can rival Wizkid in terms of net worth.

Davido was born in 1992 in Atlanta Georgia U.S.A into one of the richest families in South Western Nigeria. His father is a businessman and an investor while his mother until her death in 2003 was a University Professor.

Davido grew up in Lagos, and his first attempt at tertiary education was in the U.S, where he enrolled in the Oakwood University to study Business Administration. However, due to his passion for music, the young man couldn’t concentrate on his education fully, therefore his grades suffered. He left to concentrate fully on his music, which in the long run happened to have been a good decision.

His music has paid much dividends making him one of the richest musician in the country.
He came back to Nigeria and attended Babcock University where he graduated from the music department. Rumour has it that his father created and paid for the department of music at Babcock University, just to ensure that his son got a university degree. While he was a student of Babcock University he did his music.

In 2011, he burst onto the Nigerian music scene with his hit single “Dami Duro”. He sang about his father’s wealth and how no one should try stopping him. This was just the beginning. Davido has released many hit songs including Assurance which was done for his girlfriend. Others include “If” (which is currently trending in the U.S),“Fia”, Aye just to name a few. And the youngman seems to have a penchant for always making hit music. His music has increased the value of his person, so much so that huge brands are willing to dole out unbelievable sums of money for him to be their brand ambassadors.

Some Sources of Davido’s $19 Million Net Worth

Endorsement Deals

In 2013, Davido signed a deal with MTN worth N30 million, it made him the face of MTN Pulse. Then he also signed a deal with Pepsi, alongside other Nigerian artists such as Wizkid, Tekno and Tiwa Savage just to mention a few. He’s also signed a deal with Guinness worth millions of Naira. And in May 2018, he signed an endorsement deal with Infinix which according to sources is worth about N350 million. Now that is really huge.

Record Label Ownership

Davido was signed to HKN records at the beginning of his career, the label is owned by his elder brother B-red, though Davido had shares in it. However, they fell out and Davido went to establish his own record label. Davido Music Worldwide (DMW) which happens to have some of the raves of the moment, Peruzzi and Mayorkun as its frontline acts. Of course as a record label boss, Mayorkun is going to get a certain percentage of their payments.

Of course album sales too, and tickets sales at concerts have also been a huge incoming bringer for the Assurance singer. Just this December he had a show, where they printed over 20,000 tickets and in 12 days the show was sold out. Now imagine how much he would have made from that concert, with Infinix even being a part sponsor of the program, therefore helping him bear part of the cost.
Davido is a flamboyant spender, he has houses in Lekki and also a N330 million naira house in Georgia, and of course his Lekki mansion is worth N140 million. Davido loves cars, he has over 10 cars in his garage with the cheapest being a 5million Honda Accord and he most expensive a N100 million Bentley.

David Adeleke is also recognized as a generous person, he once bought his crew members each iPhone 8 and then he bought his producer Shizi a house also.

So now you know Davido’s net worth. Why not take out of your time to share his net worth with Friends on Facebook.

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