As we all know already, Nigerian music industry has made its way beyond the shores of our national boundary. Nigerians have been taking the name of our country, Nigeria to places with their respective songs and collaborations. The music industry in particular, is filled with creativity and multitude of passions towards making huge income from music unlike the olden days, where only the film industry makes money than the music industry.
Nigerian music dominates almost the whole Africa, even though, Ghanaians also has people from their region that has good music, but Nigerian musicians don’t just breath out music lyrics. This has made most musicians like 2face, Wizkid, Davido, Timaya and so on who motivate people with their song lyrics to immerse wealth throughout their music career.
In the entertainment industry, there’s no way you will talk about the best musicians without including these two rival acts; Wizkid and Davido. These two has been known to be on a long haul challenge since they became famous. But the most talked between these music acts are their net worth.
No doubt, Wizkid and Davido has been going around the world dominating international music industries, this always makes their fans to compare the both of them in terms of performances and songs. However, most music analyst are still finding it difficult somehow, to neatly point out which amongst the two sings better.
If you ask me, i will personally say that, Wizkid songs are party jamz, but yet he always finds a way to crawl into people’s mind with his high motivating as well as emotional lyrics, while Davido on the other hand, is a party rider. All his songs, even though they’re still good, targets the clubs and/or night life mostly.
Today, we are going to have look into their current net-worth from the research we’ve gotten from both Forbes, and some other sources we also believe can be trusted. This post is going to be an unbiased comparison of Wizkid and Davido’s asset as well as their individual net-worth as Nigerian music artists.
Because we have noticed that a lot of people in Nigeria as well as their really wants to know how rich they are. That’s why many people search for; Among Wizkid and Davido who is the richer kid on the block? What is their net-worth? How much does Wizkid or Davido have in their various bank accounts? How investments does Wizkid or Davido have already?
Well, we may answer all the questions in this post, ao you may not need other posts to get all the answers you need, but just this post. We will try our best to give you everything we have gathered about these two popular artists.
Wizkid and Davido, Who is Richer (2024)
Undoubtedly, Wizkid and Davido are the young richest music artists in Nigeria at the time of writing this post so far. These two are mostly seen as twins since they rose to fame with their famous beats. Their success are mostly compared in terms of wealth, properties, beats, shows and songs sold out.
In fact, Wizkid and Davido are not only well recognized in Nigeria, but almost everywhere in the world. The both of them has signed deals with MTN mega endorsement deals worth multi-million naira. They are also ambassadors of several brands which makes them very expensive to be hired for shows.
Wizkid and Davido earns income in dollars. Considering the fact that price of one dollar to naira is always on the rise, you can begin to imagine how much millions these boys have garnered to their bank accounts. Awards and nominations also helped to increase the level of their popularity and also provides more sources of income.
Talking about their businesses and collaborations with the international music markets, Wizkid partnered with the likes of Chris Brown, Kanye West, Drake, Skepta, Sarkodie of Ghana and many other international artistes. Davido on his own side internationally, has made a career collaborating with some of the mighty international icons like Akon, Meek Mill and so on.
Lots of collaborations have been going on internationally with these two musicians for many years since they both came to limelight with unique beats and voices. The both of them have quite made history with their kind of song genres.
Now without going more deeply into how far they’ve gone in the whole globe, let’s quickly dive into the net-asset worth comparisons. We will start with Wizkid, and for the sake of clarity like we disclosed earlier, we don’t have special thing with any of these artists, so this review will not be based on bias thoughts or mindset.
Wizkid
Wizkid Biography and Net Worth: $30 Million Dollars
Wizkid being a self-made multimillionaire, always boosts his wealth despite the fact that his family background isn’t as wealthy as that of Davido. He recently performed in an Indian Royal ceremony which we presume made him the highest paid music artist by far in Nigeria. Before then, he signed a 100 million Naira deal with Globacom telecom, and this is alongside his previous deal with MTN telecom. in 2021 Wizkid signed Dolce & Gabbana, a deal worth $10,000. Wizkid signed an endorsement deal worth over $3 million (the equivalent of 1 billion naira based on the current exchange rate) with the United Bank for Africa (UBA). He also has a current running multimillion naira endorsement deal with Puma, a global sportswear brand.
He had also signed endorsement deals with Guinness and Pepsi beverage companies. He’s still the official ambassador for these two companies currently. Wizkid’s deal with Pepsi brought up to $350,000, while is last deal with Globacom is worth additional almost N130 million naira endorsement.
Wizkid’s net worth is estimated to be about $30 million. He owns a N13 million crib in Lagos State. Based on rumors, it was said that he also own yet another multimillion dollar mansion in Los Angeles, United States of America. His cars ranges from Hyundai Sonata, BMW X6 SUV, Bentley Coupé, Bentley Continental SUV and Mercedes Benz AMG sports car.
Wizkid’s Family Background
Ayodeji Balogun Ibrahim is Wizkid’s real name. He was born in Lagos State 1990. Wizkid spent most of his youthful life in Surulere. His family has mixed region, where his mother is a Christian, while his dad is a Muslim. This is the reason why he got the name, Ibrahim.
However, Wizkid is a Christian as he choose to follow his mother’s religion. He is from a polygamous family where as he’s the only male child in the whole family.
Wizkid’s Music Career
Wizkid started when he was still a little boy. He got inspired by the likes of King Sunny Ade and late Fela Anikulapo Kuti. His early stage name was Lil Prinz, but in 2006, he decided to change his stage name to Wizkid. And this was the name that brought him to limelight.
Sometime between 2014 – 2015, Wizkid yet got another stage name, StarBoy which he later turned to a brand name for his records.
There is no way we will talk about how Wizkid rose to fame without mentioning another famous music act, Banky W who first signed Wizkid under his EME record label. This is the label from which StarBoy took the music scene by storm.
Since his first hit song from EME records, ‘Hola At Ya Boy’, his music has gone globally international. He also got to sign an endorsement deal with Sony entertainment, which Davido, Tiwa Savage and Tekno was also signed alongside Wizkid.
Wizkid in an interview revealed how his parents almost ruined his music career dream. He revealed that his parents never approved of his intentions to become a popular music star. In that much disappointment, he spent most of his times in the studio, so this was how he got to meet Banky W, which later turned his life around.
Wizkid’s Educational Background
Wizkid is a school dropout! You heard me right, he dropped out of school to chase his dream of becoming a popular act in the music industry. He got admitted in UniLag, but later in 2009, he dropped out of the school completely. And this is unlike Davido who got to finish his education and graduated with second class upper.
Although, Wizkid once had a thought of going back to school when he had already seen success in the music career he once choose over education. He attended Lead City University for 2 sessions, and again, he dropped out for the second time. This time he made up his mind to put a full focus on music order than academics which seem not to be his destiny.
Wizkid was partially famous, even before he met Banky W. He got most of his songs recorded, while still growing up in the Ojuelegba area of Lagos State. He had to endure a lot of ups and down in the wild street. This was the reason behind his Ojuelegba song video in 2017.
Stage Fame
Wizkid have also featured some of the famous celebrities and musicians like Davido, Olamide, Patoranking, Timaya, and others. His reputation led his feature with the American pop culture music artist, Drake to make a hit song ‘One Dance’. This track got a billboard awards and nominations which also brought many tours for the both of them.
Wizkid’s Net Worth In Dollars
Forbes rated Wizkid as the 3rd richest musician in Africa. He beats the likes of Davido, Don Jazzy to claim the position. Wizkid’s wealth has made him to stand out from his peers. Even though he had already joined the richest in the world, mind you that he is now on the list of richest black man under 40 years.
Davido
Davido Biography and Net Worth: $15 Million Dollars
Davido self acclaimed that he is a self-made multimillionaire. He also revealed that his business tycoon dad had nothing to do with his wealth, despite his wealth and riches. However, he made it known that his dad, Dr. Adeleke is one of the biggest contributors to his talent as well as his career.
Unlike Wizkid who is internationally generating massive income, Davido managed to generate massive income from his local and continent-wide concerts. His high selling songs is what made up his net worth. One of his lateat songs ‘IF’ really pushed much amount of money into his bank account.
Davido’s net worth is around $16 million dollars currently. He’s got a mission that cost up to N140 million naira. He also owns a multiple number of luxury cars like Mercedes Benz AMG series Sedan, Rolls Royce Phantom, 2021 Range Rover Sport, Audi muscle car 2020 model, Porche Carerra, Mercedes G-Guard class and Toyota Land Cruiser 2021 model.
Davido’s Family Background
Over the years, this singer is known with stage name, Davido which has been deep into his fans in Nigeria and Africa. Many people still wonders how he rose to fame, despite the fact that his voice not really being like that of Wizkid. Even to extent of not having sound lyrics, but yet, Davido manage to convey his message and reach out to people using music as a tool.
Aside being a popular artist, Davido always tries to fish out the unnoticed talents, and grow their talents into famed. His record label had already helped many young musicians to see light in their music careers.
Davido’s Biography
Davido was born with a full name as, David Adedeji Adeleke on November 12, 1992 to Mr. Adedeji Adeleke – business tycoon and Mrs. Veronica Adeleke, who was a university lecturer as at then till the time of her death. Davido is also a song writer aside his talent as a music singer or performer. He became a music producer just shortly after he made name in the music industry.
Davido unlike Wizkid whose parents were typical Nigerians, was born in Georgia, United States of America, where he also attended a school known as Oakwood University where took Business Administration as course of study. However, Georgia seem not to be the best place as at then to pursue his dream of becoming a popular musician. Davido moved down to Naija to stay with father where he can also face his music career.
Davido told the media that in 2010, he was never serious with his music lyric until 2011. In 2011, Davido got fully interested in music, which made him to move down to Nigeria fully, and also to start working seriously on the music career.
Unlike Wizkid, Davido cane from a very wealthy background, but he believed so much in having his own properties than waiting on his father’s wealth to reach him. Even though he always appreciated everything his father did for him as he was growing up, he still worked very hard to put himself on the world map with his own name.
Davido never liked it when he hears people say that he got everything he has from the influence of his dad. This is why he released the song titled, ‘Omo Baba Olowo’ to talk about how much he’d wanted to have much money than his father.
Davido was sent to school in the US, but it turned out that he used most of his school money to equip himself with musical tools, with which he uses to practice his personal lyrics. He would always make his own beats, and they always come out lovely to match his songs. His grades began to go south as he pays little to no attention to his academics. Along the line, he simply dropped out of college which led to his father’s anger.
Anyways, he had to finish finally at Babcock University in a honour to his father for supporting him throughout his career. This also made him to put music on hold for a while in 2011. On July 15, 2018 Davido graduated from the University with a degree in music. His father paid in full to make provision for music department, which was never available in Babcock University.
Achievements of Davido
MTN deal was the very first endorsement deal Davido signed since he rose to fame. This was reportedly worth almost about N30 million naira. The deal brought more contracts to him in the same telecommunication company as face of MTN Pulse.
He also signed yet another deal with Guinness Nigeria in 2013 where he was the very first option for the brewery company. This endorsement deal led to Davido performing in an event popularly known as, The Guinness World of More. Davido had to perform alongside Wizkid, P-Square, D’Banj, Olamide, Tiwa Savage, Chidinma, Ice Prince, Burna Boy, Phyno, Timaya an so many of them anyways.
Davido’s Recent Endorsements
In 2018, Davido landed only two major endorsements from Pepsi beverage bottling company Nigeria and Infinix Nigeria. This made him to be listed on the multinational contract for this year.
Below are list of his endorsement Deals as at 2024
- Davido PUMA endorsement deal
- Davido Wema Bank endorsement deal
- Davido Martell Blue Swift endorsement deal
- Davido Pepsi endorsement deal
- Davido Travelbeta endorsement deal
- Davido Close Up endorsement deal
- Davido Guinness Nigeria endorsement deal
- Davido MTN Pulse endorsement deal
- Davido pampers endorsement deal
- David Adedeji Adeleke Infinix mobile endorsement
- Davido 1xbet endorsement deal
- Endorsement deal with MunchIT
Davido’s Challenges;
Even though Davido has made name in the music industry, he also got himself some kind of bad names as well. Many people revealed that he is the cause of his mother’s death due to his inability to live a straight to the point life while in Georgia, US when his mother was alive.
Davido in an interview revealed that NIS staff held him down for settlement before he could be allowed access to his flight, and out of anger, Davido had to go physical with the staff who stopped his trip due to incomplete flight documents. Shortly in 2015, Davido had a kid, Imade with Sophia Momodu – daughter of popular Ovation personality, Dele Momodu. This child caused a lot of rift between Davido and the entire family Momodus.
Davido also had another baby with another woman in Georgia Atlanta. However, their news has not been made known pubicly, but he’d posted their pictures online sometimes.
Davido’s Net Worth (2024)
Davido’s net worth has grown significantly and according to Forbes it is now at $29.5 million dollars.
Obviously, these two great icons, Davido and Wizkid are no match at all. Wizkid seem to be slightly richer due to his endorsement deals and some other international collaborations, while Davido major source of income is from mostly his concerts and shows. This means, he needs more of international feature to reach up to his counterpart, Wizkid. Though 2024 is here already and the competition continues.
However, the two of them are still the Nigerian richest young superstars in the music industry. They have become a real and known phenomena in Nigerian music scene. They cannot be stopped from making their money, which ever way they want.
