David Adeleke, popularly known as Davido, is predicted to set new earnings records in 2023, with Forbes forecasting that he would earn more than $20 million.
According to Billionaires Africa, the multi-award-winning Nigerian artist draws his remarkable earnings from a combination of royalties, brand collaborations, product sales, and extraordinarily lucrative tour performances.
Following his appearance on the cover of Forbes’ Under 30 Africa list, Davido was the star of the prestigious 30 Under 30 Africa Summit in Gaborone earlier this year. Because of his unrivaled musical ability, a record-breaking 2 billion people have listened to his songs worldwide, solidifying his status as Africa’s beat ambassador.
His newly released fourth studio album, “Timeless,” has received rave reviews and phenomenal digital success. With an astonishing 133 million plays, including an impressive 43 million streams in the United States alone, the album soared to second place on Billboard’s World Album list in just 10 days.
As Davido promotes his latest record on a global scale, industry insiders predict that his revenues will skyrocket in the next years.
Davido is not just a musical genius, but also a celebrity who is in high demand for endorsements. He has acquired contracts with major firms such as Puma, Pernod Ricard’s Martell Cognac, and Infinix Mobile, a smartphone manufacturer.
His music has fans all around the world since it is a modern blend of African and foreign influences.
Aside from his outstanding musical successes, the music star is involved in charity efforts. His playful appeal to his pals for birthday gifts and donations to one of his bank accounts in honor of his birthday culminated with him unexpectedly donating $607,500 to various orphans across Nigeria in 2021.
The well-known performer comes from a prominent political and commercial family. His father, Adedeji Adeleke, founded Pacific Holdings Limited in 1983, which has now evolved into an industrial conglomerate that operates power plants that generate the majority of electricity in West Africa.
His grandfather was also a senator, and his uncle, Ademola Adeleke, is currently the governor of Nigeria’s Osun State.
Davido’s over 2 billion streams and FIFA’s personal choice of him to lead the joint “Hayya Hayya (Better Together)” soundtrack for the 2022 World Cup have reinforced his place as a strong worldwide force.
