Davido Net Worth 2024 Forbes (Updated) | Spynaija
Davido Net Worth 2023

Davido Net Worth 2024 Forbes (Updated)

Last Updated on January 28, 2024 by Michael Tijani


Over the last two decades, the Nigerian music industry has birthed a series of young, talented, and hardworking artists who have made names and fame for themselves and also helped in projecting the Nigerian music industry to the global space. David Adeleke is one such artist who, despite coming from a very wealthy family, has worked tirelessly to see the industry blossom not just in Nigeria but also in the global community.

Having achieved this far, we will be looking at Davido’s net worth, musical career, biography, and endorsement deals. You wanna stick around to know Davido’s net worth in 2023, according to Forbes magazine, Davido’s musical career, his personal life, cars, endorsements, and every other thing you’d like to know about him.

Davido Net Worth 2024 Forbes

David Adedeji Adeleke, known by his stage name Davido is a Nigerian singer and songwriter. David Adeleke is an African-American born in Atlanta, Georgia, on November 21, 1992. He is the CEO of DMW Entertainment.

Net Worth$25 million
Birth nameDavid Adedeji Adeleke
Stage NameDavido
Date Of BirthNovember 21, 1992
CareerSinger and Songwriter
Record LabelsDavido Music Worldwide (DMW), Sony Music Entertainment.
FeaturesIce Prince, Tiwa Savage, Olamide, Nasty C, Naeto C, Meek Mill, Chris Brown, Lill Baby, Summer Walker, Simi, Mayorkun, and more.
Source Of WealthEntertainment, and Endorsement deals.

Davido Net Worth

Davido’s Biography

Davido is the second son and the last child of a famous Nigerian billionaire, Dr. Adedeji Adeleke, one of Nigeria’s wealthiest men. His late mother, Vero Adeleke, was a university lecturer until her sudden death. David was raised in Lagos, Nigeria. David Adeleke attended the British International School in Lagos. David studied business administration at Oakwood University before relocating to Nigeria.

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Davido’s Personal Life

Davido had three children. He was engaged to Chioma, the mother of his third child Ifeanyi (now late), who recently drowned in the family pool. It is alleged that the relationship between the duo had reportedly gone south until the death of their child Ifeanyi, but we can’t confirm this as there are not yet reliable facts, and not one of them has made any public affirmation nor debunked this.

What is Davido’s Net Worth 2024 Forbes?

Davido’s net worth in 2023 is estimated at $25 million, making him the second-richest musician in Nigeria as of the time of writing this article. Many people often wonder about the source of Davido’s wealth, while some link his wealth and fame to his billionaire father. However, Davido has strived to make fame for himself, despite coming from one of the wealthiest families in Nigeria.


Davido’s Career 

Davido’s interest in music started during his time at Oakwood University. He bought musical equipment and started making beats in addition to recording vocal references. He dropped out of Oakwood University when he started getting bad grades and relocated to London, where he focused more of his energy on vocals as opposed to production. When Davido returned to Nigeria in 2011, his music career was sidelined after he agreed to honor his father by enrolling at Babcock University. In July 2015, Davido earned a music degree from Babcock after his father paid the university to erect a music department for an inaugural class of one.

Davido rose to fame after releasing “Dami Duro,” the second single from his debut album Omo Baba Olowo in 2012. Davido started working on his debut studio album Omo Baba Olowo in 2011. The album’s music is a mixture of Afrobeats and hip-hop genres. Davido worked with several other artists, the likes of Jay Sleek, Maleek Berry, GospelOnDeBeatz, Spellz, Dokta Frabz, Mr. Chidoo, Theory Soundz, and Shizzi, to produce the album.

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Omo Baba Olowo featured guest appearances from top other artists, including Naeto C, Sina Rambo, B-Red, Kayswitch, Ice Prince, and 2 Face Idibia. The album Omo Baba Olowo received gross negative reviews from music critics, who panned its lyrical content and Davido’s songwriting. But despite the criticisms, the album won Best R&B/Pop Album and also received a nomination for Album of the Year at The Headies 2013. Omo Baba Olowo was also nominated for Best Album of the Year at the 2013 Nigeria Entertainment Awards.

David Adeleke founded his music label Davido Music Worldwide (DMW) in 2016, shortly after signing a deal with Sony Music Entertainment, an American global music company. Owned by the Japanese conglomerate Sony Group Corporation. His first major label signing in DMW was Mayorkun. He thereafter signed Dremo, Peruzzi, and Liya.


In an interview with Forbes magazine, Davido was quoted saying, “People fail to understand you can’t be on top forever; having these artists helps me stay afloat and be current with new stuff.”

Davido charges between N10-N40 million for local shows while charging between $100,000 – $300,000 for international shows; this, in turn, impacts massively on his net worth.

David Adeleke has several awards to his credit, including The MOBO awards, the African Act of the Year award, and many more. He is currently signed into the SONY records.

Davido’s Endorsements

  • On April 6, 2012, Davido signed a ₦30 million endorsement deal with MTN. The deal unveiled him as the face of MTN Pulse, a marketing campaign for Nigerian youths.
  • On October 24, 2013, Guinness Nigeria signed Davido to an endorsement deal. As part of the deal, Davido performed at the Guinness World of More Concert alongside P-Square, D’banj, Wizkid, Ice Prince, Burna Boy, Olamide, Phyno, Chidinma, Waje, and Tiwa Savage, among others.
  • On May 9, 2018, Davido signed an endorsement deal with Infinix Mobile, a Hong Kong-based smartphone manufacturer.
  • On June 11, 2021, Martell (cognac) announced Davido as its new ambassador.
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Davido’s Singles and Year of Release

2011“Back When” (featuring Naeto C)Omo Baba Olowo
“Dami Duro”
“Overseas” (featuring Sina Rambo)
“Gbon Gbon”
“All of You”
“Feel Alright” (featuring Ice Prince)
2013“One of a Kind”Non-album single
“Tchelete (Goodlife)” (featuring Mafikizolo)
“Fans Mi” (featuring Meek Mill)
“Owo Ni Koko”
“The Sound” (featuring Uhuru and DJ Buckz)
“The Money” (featuring Olamide)
2016“Gbagbe Oshi”Son of Mercy
“How Long” (featuring Tinashe)
“Coolest Kid In Africa” (featuring Nasty C)
2017“If”A Good Time
“Pere” (featuring Rae Sremmurd and Young Thug)Non-album single
“Like Dat”
2018“Flora My Flawa”
“Assurance”A Good Time
“Nwa Baby”Non-album single
“Wonder Woman”
2019“Blow My Mind” (featuring Chris Brown)A Good Time
“Risky” (featuring Popcaan)
“D & G” (featuring Summer Walker)
2020“FEM”A Better Time
“So Crazy” (featuring Lil Baby)
2021“The Best” (featuring Mayorkun)

Davido’s Studio Albums and EPs

  • Omo Baba Olowo (2012)
  • Son of Mercy (2016)
  • A Good Time (2019)
  • A Better Time (2020)


In this article, we covered everything you needed to know about David Adeleke, a.k.a Davido, his endorsements, his singles, Studio albums, and EPs, Davido’s net worth in 2023, his biography, his musical career, and personal life.


What do you think about Davido’s net worth in 2024, according to Forbes? Let’s hear your thoughts in the comments section.

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