Davido Net Worth 2021 – Biography, Lifestyle and Endorsement Promotion
Who is davido? Davido is the son of a famous Nigerian billionaire known as Dr. Adedeji Adeleke, he’s one of the richest men in Nigeria with a huge net worth.
Davido net worth began to grow gradually over the years thanks to his advancement in the music industry.
Davido started his journey in the music industry early on, but in 2011, Davido became a strong public figure in the music industry. Davido even went viral after releasing the song ‘Dami Duro’.
Davido co-produced the single Dami Duro with Shizzi, which Clarence filmed in Lagos. The song Dami Duro came out in January 2012 with a fantastic video.
Dami Duro became the talk of the town, with frequent appearances on various media platforms. Since 2011, when he released “Dami Duro”, which was a hit, he has gone straight into the music industry. Dami Duro’s song took his ability to a high level.
Currently, Davido is one of the richest Nigerian musicians, with huge net worth thanks to his efforts in the music industry, releasing a lot of music.
Davido has been making waves in the music industry since 2011
Davido Net Worth
Davido net worth was estimated at $25 million in 2020. In January 2021, his net worth was still estimated at $25 million, increasing Davido net worth, which was estimated to be $16 million in 2019.
Davido not only comes from a wealthy family but is also a relentless artist who wants to earn his own money and his name and not just depend on his father’s wealth.
Many wonders where Davido’s wealth comes from, while some associate his wealth and fame with his father. However, Davido aspires to get rich as he knows he has many sponsorship deals.
Forbes listed Davido as one of the African artists who produces and releases songs that top several charts.
According to Forbes, he released a list of songs that have always topped the charts and defined several cultural moments for Africans on the continent. Recommendations have also emerged as he has worked with many well-known brands including MTN and Guinness Nigeria.
Davido Endorsement Promotion
Davido is a brand ambassador for many multimillion-dollar companies like AX, Travelbeta, Pepsi, MTN, etc. Besides being an ambassador, Davido is reaping the benefits of his relentless work in the studio as many multimillion-dollar companies are ready to sign an endorsement deal to close with him.
On April 6, 2012, Davido signed an endorsement contract worth N30 million with MTN, the largest mobile network in Africa.
Davido was later revealed as the face of MTN Pulse, a youth marketing campaign in Nigeria. On October 24, 2013, the Guinness company also approved Davido, where he performed in the “World of More Concert” alongside other major Nigerian music artists such as Olamide, Wizkid, Tiwa Savage, D’banj, and many more.
On May 9, 2018, he announced an endorsement deal with Hong Kong-based smartphone maker Infinix mobile.
Davido’s Other Sources of Income
Davido’s main source of income is music; he charges a lot of money for his performances and shows. This helped to increase your wealth.
For local concerts, Davido charges between N10-N40 million, while for performances abroad he earns between $1,000,000 and $200,000, a huge amount to increase his net worth.
As a famous musician, Davido attends over 40 concerts every year. If you multiply the number of programs mentioned by the amount he raises, you’ll see that Davido’s hard work equals his net worth.
Davido gets more than 663 million views of his videos on his YouTube page, a platform that has increased his income and wealth.
Davido founded his music label DMW in 2016, shortly after signing with Sony Music. His first major acquisition at DMW was Mayorkun. Davido’s DMW became another source of income for him.
At DMW, while earning money and increasing his net worth, Davido helped raise many talented musicians in Africa.
Davido, speaking about DMW, said: “People can’t understand that you can’t stay on top forever; having these artists helps me keep my head above water and keep up with new things.”
To be clear, Davido is a young musician whose net worth is due to his hard and relentless work in the music industry and unrelated to his father’s wealth and popularity, as some people assume.
Davido’s Lifestyle
Davido, who has a net worth of more than $25 million, is known for his luxurious and expensive lifestyle. He constantly brags about his expensive and tasteless possessions.
Davido once manipulated a photo of his family’s private jet on social media on his Instagram, generating a lot of reactions from fans and enemies.
He also wrote on Twitter already purchased. It’s not soup; it’s a lot of work and ambition! Many congratulated him, while some considered this a display of arrogance.
Davido shared the photo of his jet on social media
Davido, because of his huge net worth, lives his life of luxury to the full; he once bought Rolex watches for his two daughters for 30 million naira ($80,000) each, bringing the total to 60 million nairas. He also wore a Rolex watch he bought for his PA Santusgee in Dubai.
Conclusion – Davido net worth
To be clear, Davido is a young musician whose net worth is due to his hard and relentless work in the music industry and unrelated to his father’s wealth and popularity, as some people assume. Davido net worth is estimated at $25 million.
