You may not believe at first glance but, Nigerian singer Davido has a net worth of $400 million. Davido was born to a wealthy and influential family in Nigeria and apparently inherited a lot of money and assets.
For example, he owns a whopping 12 apartments, 3 villas and a mansion in Abuja and it’s outskirts, all of which have come from his family’s estate.
Davido and his family are one of the biggest land owners in Africa. He himself owns roughly 10,000 acres of land in Nigeria, Zimbabwe and South Africa.
His music generates as estimated $250 million in gross sales, concert ticket sales and merchandising.
Davido Net Worth 2024
| Real Name | David Adedeji Adeleke |
| Net Worth in USD | $400 Million |
| Net Worth in Naira | ₦9.2 Billion |
| Annual Income | $55 Million |
| Inheritance | $160 Million |
| Real Estate Properties | 50+ |
How rich is his father?
Davido’s father, Adedeji Adeleke, is a Nigerian billionaire and business magnate with a net worth of $1.3 billion. He is the CEO of this conglomerate, which has interests in education, energy, real estate, and finance.
He has investments in various sectors, including oil and gas, shipping, and agriculture. Davido’s father also owns hundreds of acres of land in Nigeria and South Africa.
Businesses
Dont judge too fast that Davido got it all easy. Not all of wealth is inherited. He runs few successful businesses of how own. For instance, Davido’s sneaker and clothing line are hugely popular and the company generates as estimated $120 in annual revenues.
He also runs a luxury car rental business in Europe. Davido also has investments in a private jet business and a AI startup based out of Mumbai, India. All these significantly improved his wealth.
Stock Market Investments
Davido’s net worth includes$40 million stock portfolio comprised of the following stocks.
2010s: Davido invested ₦5 billion (approximately $10 million) in Dangote Cement PLC and MTN Nigeria Communications PLC. These investments are now valued at around ₦12 billion (approximately $24 million), reflecting significant growth.
2020s: He invested ₦8 billion (approximately $16 million) in Zenith Bank PLC and Guaranty Trust Bank PLC. These investments are currently worth about ₦9 billion (approximately $18 million), showing solid appreciation.
2020s: Davido also put ₦6 billion (approximately $12 million) into FBN Holdings PLC and UAC of Nigeria PLC, with these investments now valued at about ₦7 billion (approximately $14 million).
Among his profitable investments, Dangote Cement PLC stands out, where his initial ₦3 billion investment grew to ₦6 billion, and MTN Nigeria Communications PLC, where a ₦2 billion investment increased to ₦5 billion.