As of 2023, Davido Net Worth is $50 Million. Davido Adedeji Adeleke is a Nigerian/American singer, songwriter, and record producer.  Therefore, he is currently 30 years old and his genres of music include Afro-pop music, pop, and electro-pop. Davido first became immensely famous with hinitiallyial released songs like, ‘Back When’ and ‘Dami Duro’.

Davido Net Worth 

As of 2023, Davido Net Worth is $50 Million (According to Acknowledge). He has built his million-dollar empire via his career. However, Davido is a well-known Nigerian-American singer-songwriter who was born on November 21, 1992. Davido has earned a decent amount of money from his career. According to Caknowledge, Davido’s monthly income is estimated at $0.3 Million +.

Davido Net Worth Growth in Previous Years

Early Life

Davido was born David Adedeji Adeleke on the 21st of November 1992, in Atlanta, Georgia. However, his father Adedeji Adeleke is a successful business magnate who owns Pacific Holdings Limited and is the President of Adeleke University.

His mother Veronica ‘Vero’ used to work as a University Lecturer. Also, Davido grew up alongside five older siblings and he is his father’s second-born son. However, he first attended British International School Lagos (BIS) in Victoria Island, before moving to Alabama, United States, to study business administration at Oakwood University at the age of 16.

While attending Oakwood, Davido discovered his passion for music. So, he bought musical equipment and began creating his beats. To form the music act KB International, Davido teamed up with his cousins B-Red and Sina Rambo.

Later he eventually dropped out of Oakwood University to start a full-time career as a singer and soon after he moved to London. However, he started working on his vocals. After returning to Nigeria in 2011, Davido had taken a short break from his singing career and enrolled at Babcock University.

Therefore, Davido finally completed his graduation with a degree in music from Babcock University in July 2015. After that, his dad paid the university to start a music department for an inaugural class of 1 student.

Music Career

After coming back to Nigeria, Davido began recording his debut studio album Omo Baba Olowo in 2011. However, Davido collaborated with big names such as Jay Sleek, Maleek Berry, GospelOnDeBeatz, Spellz, Mr Chidoo, Dokta Frabz, Theory Soundz, and Shizzi to produce this mixture of Afrobeats and hip-hop albums. Also, the guest appearance came from artists including, Sina Rambo, B-Red, Kayswitch, Naeto C, 2 Face Idibia, and more.

The project was released in 2012 and it received negative reviews from music critics. However, it won Best R&B/Pop Album and earned a 2013s Album of the Year at The Headies nomination. Also, the album received a 2013s Nigeria Entertainment Awards nomination in the category of Best Album of the Year.

Back When was the lead single from the album which was released on May 7, 2011. Later Davido continued to release its following singles including, Dami Duro, Ekuro, Overseas, and All of You.

Davido Endorsement Deals

Davido is a brand ambassador for several multi-million-dollar companies such as AXE, Travelbeta, Pepsi, MTN, etc. Aside from his ambassadorship, Davido is reaping the fruit of his relentless labour in the studio. As many multi-million-dollar companies are ready to sign endorsement deals with him. On April 6, 2012, Davido signed an endorsement deal worth N30 million with MTN, the largest mobile network in Africa.

Later, Davido was shown to be the face of MTN Pulse, a marketing campaign in Nigeria for young people. Therefore, on October 24, 2013, the Guinness company endorsed Davido, who performed in the “World of More Concert” alongside other top Nigerian music artists like Olamide, Wizkid, Tiwa Savage, D’banj, and many more. On May 9, 2018, he announced an endorsement deal with Infinix Mobile, a Hong Kong-based smartphone manufacturer.

Other Sources of David’s Income

However, Davido’s primary source of income is from music. Also, he charges enormous amounts for his performances and shows. It has helped increase his net worth. For local shows, Davido charges between N10 million and N40 million. While for performances abroad, he earns between $100 and $200,000, a considerable amount to increase his net worth.

However, Davido, as a famous musician, attends more than 40 shows annually. When you multiply the number of shows mentioned by the cash figure he collects. Also, Davido’s hard work equates to his net worth. Davido garners over 663 million views on his videos on his YouTube page. So, a platform that has increased his income and net worth.

Davido founded his music label, DMW, in 2016, shortly after signing up with Sony Music. Also, it became another source of income. His first major signing in DMW was Mayorkun. To be clear, Davido is a young musician whose high net worth is due to his unrelenting hard work in the music industry. While Davido’s father is rich and influential, it would be wrong to solely attribute his high net worth to his father’s wealth.

Personal Life

In 2013 the Nigerian singer Davido began dating Sophia Ajibola Momodu who is a socialite, model, and entrepreneur. However, on May 14, 2015, the two welcomed their first child, a daughter named Aurora Imade Adeleke. Shortly after the birth of their child, they parted ways.

Then in 2015, Davido started his relationship with anchor, model, and reporter Amanda ‘Mandy’ Adeleke. Their daughter Hailey Veronica Adeleke was born on May 9, 2017. That same year the couple got separated.

In 2017, Davido dated Chioma Avril Rowland, a Nigerian chef, model, and social media personality. After two years of dating, they two got engaged in 2019 and welcomed their first son together named David Adedeji Adeleke Jr. who was born on October 20 of that year. Davido and Chioma decided to get married in 2020 but they eventually separated at the end of that year.

David’s Known Assets

House 

One of the singer’s two homes is in Atlanta, Georgia, in the United States. His second home, which cost him $20 million, is an N140 million mansion in Lekki, Lagos State, Nigeria. However, Davido decided to relocate to his ideal home with an elevator at Banana Island, Lagos, after living in Lekki for many years. Also, he owns a private jet in addition to a variety of vehicles.

Cars 

He also owns many expensive cars such as Toyota Land Cruiser, Rolls Royce Lamborghini Uru, Bentley Bentayga, Phantom, Mercedes Benz Sedan AMG series, Chevrolet Camaro GS, Porsche Carrera, Range Rover, and a new Lamborghini Huracan.

Frequently Asked Questions

Also read: Mary J Blige Net Worth 2023

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