Davido Net Worth 2024: Age, Children, Wife, Cars, DMW & Songs

What is Davido net worth in 2024? As one of Africa’s most prominent music artists, Davido boasts an estimated net worth of around $40 million.

He has played a significant role in globalizing Afrobeats, a genre that has gained worldwide recognition. From his early days as an independent artist to signing international deals, Davido’s rise to stardom is a story of talent, determination, and resilience. His hit songs, business acumen, and philanthropy have earned him a massive fanbase, fondly called the 30 Billion Gang (30BG).

Over the years, Davido has released numerous hit singles and albums that have topped charts across Africa and beyond. His music, characterized by catchy beats and relatable lyrics, has generated millions in sales and streaming revenue. Notable tracks include “Fall,” “If,” “Fia,” and “Blow My Mind.” His albums, such as “Omo Baba Olowo,” “A Good Time,” and “A Better Time,” have been commercial successes, significantly boosting his earnings.

In 2019, New African magazine recognized Davido as one of the 100 most influential Africans. Despite coming from a wealthy family, he is determined to forge his own path and build his wealth independently. Many speculate about the source of his wealth, often linking it to his father’s fortune; however, Davido has worked hard to secure numerous endorsement deals.

In February 2021, he was featured in Time magazine’s Time 100 Next List. His fourth studio album, “Timeless,” was released on March 31, 2023. As a cultural ambassador for Nigeria, he is also a prominent advocate for human rights in Africa and one of the most-followed African artists on social media.

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Davido Net Worth

As of 2024, Davido’s net worth is estimated to be approximately $40 million. This impressive figure reflects his earnings from music, endorsement deals, business ventures, and various investments. His financial success continues to grow as he remains active in the music industry while expanding his business portfolio.

Davido Early Life and Background

Davido was born on November 21, 1992, in Atlanta, Georgia, USA, to a wealthy and influential Nigerian family. His father, Dr. Adedeji Adeleke, is a billionaire businessman and philanthropist, while his late mother, Veronica Adeleke, was a university lecturer and music enthusiast. Despite being born into affluence, Davido’s passion for music led him to carve his own path in the industry rather than follow the family’s business legacy.

Davido initially attended Oakwood University in Alabama, USA, where he studied Business Administration. However, his growing interest in music led him to drop out and focus on his passion. After returning to Nigeria, he enrolled at Babcock University, where he later earned a degree in Music in 2015, a program his father sponsored to support his dreams.

Davido Music Career Beginnings

While in the U.S., Davido developed an interest in music production and started experimenting with beats. He later formed the music group KB International with his cousins B-Red and Shina Rambo, but his real breakthrough came after he moved to Nigeria.

In 2011, he released his first major song, “Back When”, featuring Naeto C, which gained significant airplay. However, it was his follow-up track, “Dami Duro”, that catapulted him to mainstream success. The song became an instant hit in Nigeria, solidifying his status as a rising star.

Davido Hit Songs and Albums

Following the success of “Dami Duro,” Davido released his debut album, “Omo Baba Olowo” (2012), which contained other hit songs like Ekuro, Gbon Gbon, and All of You. Despite criticism of his early vocal delivery, the album cemented his position in the industry.

Between 2013 and 2015, he continued releasing back-to-back hits, including:

• Aye (2014) – One of his most iconic songs, with a unique fusion of Afrobeats and highlife.
• Tchelete (2014) – A collaboration with the South African duo Mafikizolo.
• Fans Mi (2015) – A hip-hop-inspired track featuring American rapper Meek Mill.

Expansion and International Success

In 2016, Davido signed a groundbreaking deal with Sony Music and RCA Records, marking a significant milestone in his career. However, his initial international push did not resonate well with his core fans, leading him to return to his Afrobeats roots.

In 2017, he made an iconic comeback with “If” and “Fall”, two songs that dominated the charts globally. Fall became the first Afrobeats song to surpass 100 million views on YouTube, setting a record for African artists.

In 2019, he released his second studio album, “A Good Time”, which featured hit songs like Blow My Mind (feat. Chris Brown) and Risky. This album further solidified his presence on the global stage.

Davido Awards and Achievements

Davido’s talent and dedication have earned him numerous accolades, including nominations at the 66th Annual Grammy Awards in November 2023 for “Unavailable,” “Feel,” and his album “Timeless.”

He also received three nominations at the 55th NAACP Image Awards in January 2024. His impressive collection of awards includes BET Awards, MTV Africa Music Awards, and the prestigious MOBO Awards, enhancing his marketability and earning potential.

Davido Business and Record Label (DMW – Davido Music Worldwide)

In 2016, Davido founded Davido Music Worldwide (DMW), one of Africa’s leading record labels. The label features artists like Morravey and Logos Olori, with producers such as Speroach and Fresh VDM. DMW has remained innovative and influential in the music industry, driven by a dedicated team overseeing its operations.

The record label that has nurtured several successful artists, including:

• Mayorkun – One of Nigeria’s top Afrobeats stars.
• Peruzzi – Known for his songwriting and collaborations.
• Dremo, Liya, and Idowest – Other key acts under the label.

His ability to identify and develop talent has made DMW one of the most respected music labels in Nigeria.

Davido Personal Life and Philanthropy

Beyond music, Davido has an eventful personal life. He has three children, but tragedy struck in 2022 when he lost his son Ifeanyi. Despite the loss, he remains a devoted father and is married to Chioma Avril Rowland, his longtime partner.

Davido is also known for his philanthropy. In 2021, after a viral social media challenge where fans and celebrities gifted him money, he donated ₦250 million to orphanages across Nigeria, a move that further endeared him to many.

Davido’s popularity has attracted numerous endorsement deals with major brands like MTN, Pepsi, Infinix, and Guinness, significantly boosting his visibility and wealth. Beyond financial success, he is known for his philanthropic efforts through the Davido Adeleke Foundation, contributing to education and healthcare initiatives in Nigeria.

While these efforts may not directly add to his net worth, they enhance his reputation and influence.

Davido Car Collection

Davido boasts an impressive car collection, including a customized Mercedes-Benz Sprinter Van valued at 77 million Naira.

His luxury vehicles reflect his taste for high-performance automobiles, highlighted by a Mercedes-Benz G63 (150 million Naira), Audi R8 (114 million Naira), Bentley Bentayga (190 million Naira), Mercedes Benz Maybach GLS600 AMG (220 million Naira), Lamborghini Aventador (400 million Naira), and a Rolls Royce Cullinan Black Badge Edition (550 million Naira).

Recently, he made headlines by purchasing a 2024 electric Rolls Royce Spectre for an astonishing N653 million.

Davido Sources of Income (2024)

Davido’s primary source of income comes from his music career, where he commands substantial fees for performances and shows.

• Local Shows: Davido charges between N10 million and N40 million.
• International Performances: He earns between $100,000 and $200,000 for shows abroad.

With over 40 performances annually, his hard work significantly contributes to his net worth.

Additionally, Davido garners over 663 million views on his YouTube channel, further boosting his income. Through his label, Davido Music Worldwide (DMW), he has also nurtured many talented musicians in Africa.

Recent Projects and Future Plans

In 2023, Davido released his fourth studio album, “Timeless”, featuring hit songs like Unavailable. The album broke several streaming records and reaffirmed his dominance in the Afrobeats scene.

Currently, he continues to expand his influence through international collaborations, global tours, and business ventures. With Afrobeats gaining more recognition worldwide, Davido remains a key figure in shaping its future.

Conclusion on Davido Net Worth

Davido’s journey from a privileged background to becoming a self-made superstar is a testament to his talent, work ethic, and resilience. He has redefined Afrobeats, inspiring a new generation of artists while using his platform for positive impact. As he continues to evolve, his legacy as one of Africa’s greatest music icons is already well established.

Mariam Sulaimon

Mariam Sulaimon is a versatile content writer, critical thinker, and researcher passionate about public relations. She crafts compelling SEO articles across diverse niches, including technical, health, and job articles. Her versatility allows her to adapt her writing style to different audiences while maintaining clarity and engagement.