Davido net worth is covered in detail in the article, as well as how he earns money through his other means.
David Adeleke, better known as Davido, is a Nigerian musician and the son of Dr Adedeji Adeleke, one of Nigeria’s richest men.
Through his talent he has earned a fortune to increase his net worth, and he has become one of the most well-known musicians in Nigeria, alongside Wizkid and other artists.
Having made a name for himself in the music industry at a young age, Davido’s net worth has steadily increased over the years due to his success in the music industry.
As of 2021, Davido is estimated to have a net worth of $25 million.
Davido Net worth
Currently, his net worth stands at $25 million as of January 2021, an increase from his previous net worth of $16 million in 2019.
Most people associate Davido’s wealth and fame with his father, while many others attribute it to his own efforts to become rich and famous through music and endorsement deals.
Davido has been listed by Forbes among African artists who release songs that top various charts.
According to Forbes, the list includes songs that are consistently chart toppers and have defined several cultural moments for Africans on the continent and in the diaspora.
He also has endorsements from a number of high profile brands, such as MTN and Guinness Nigeria.
Davido Endorsement deal
Davido acts as a brand ambassador for a lot of multi-million dollar companies including AXE, Travelbeta, Pepsi and MTN.
In addition to his ambassadorship, Davido is reaping the rewards of his relentless efforts in the studio, since numerous multi-million dollar companies are ready to sign endorsement contracts with him.
MTN, the largest mobile network in Africa, signed an endorsement agreement with Davido on April 6, 2012 for N30 million.
Later, Davido was revealed as the face of MTN Pulse, a marketing campaign for youths in Nigeria.
The Guinness company endorsed Davido on October 24, 2013, where he performed at the “World of More Concert, ” which included Olamide, Wizkid, Tiwa Savage, D’banj and many more.
Infinix mobile, a Hong Kong based smartphone manufacturer, announced an endorsement deal with him on May 9, 2018.
Other sources of Davido’s Income
As a musician, Davido earns most of his money from online streaming platforms, performances and shows.
This has contributed to his increase in net worth.
Davido’s local performances fetch him between N10 – N40 million, while performances abroad bring him between $1000 – $200,000, a significant amount to increase his net worth.
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In his capacity as a famous musician, Davido attends more than 40 shows each year.
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.
He has earned a considerable income and net worth from his YouTube videos, which have attracted more than 663 million views.
In 2016, Davido founded his own music label, DMW, soon after signing with Sony.
Davido signed Mayorkun to DMW in 2016.
The label became another source of income for the artist.
Davido’s involvement in the DMW does not end with him making his money and increasing his net worth.
He has helped raise many talented musicians in Africa as well.