Davido Net Worth by Forbes 2020 – Biography | Career

Davido Net Worth by Forbes 2020

Davido Net Worth by Forbes 2020 – Davido aka OBO is the current richest Musician in Nigeria and one of the most popular name in the Nigerian music industry. Since after the drop of his second Hit single from his debut studio album Omo Baba Olowo in 2012, OBO became his widely adopted and used nickname. Read below for Davido Net Worth by Forbes 2020.


Davido Net Worth by Forbes 2020

Davido is estimated to have an approximate net worth of $25 million according to Forbes 2020. He is just one out of one Million Nigerian artiste born with a silver spoon, despite all the money and luxury around him, he indeed was able to stand the test of time in terms of musical talent.


Over the years, the Baddest Singer as he fondly call himself have proved his worth through back to back hits which have dug deep into the hearts of so many Nigerians and even foreigners.

Right now everybody want to know him, especially his family history and how he rose to fame admist all his fathers wealth and why he decided to take music instead of his fathers line of businesses. But the truth about music is that it is an “art” and as such it is 100% dependent on talent, if you don’t have the talent, you don’t have it, PERIOD! It is not about money or family background which Davido have succeeded in proving to everyone.

The lavish and luxury lifestyle of musicians, generally cause their fans to compare who is richer among them. Most often, fans end up fighting or arguing Who is Richer Between Davido and Wizkid and that brings us to revealing Davido Net Worth. Maybe by the end of this post after seeing Davido’s Net Worth you will be able to rightly said that Davido is Richer than Wizkid or the other way round.

However, not just Davido Net Worth by Forbes 2020, in this post, we are going to reveal to you both Davido Biography, his career, awards (National and International) and his personal life as it regards love and romance.


Davido Biography

Davido derived his stage name from his real name which is David Adedeji Adeleke, he was born on November 21, 1992 to the family of Mr. Adedeji Adeleke, who is a known business tycoon in Nigeria and Mrs. Veronica Adeleke, who was known as a University lecturer till the time of her death.

Outside his singing talent, the afro pop singer is also know as a songwriter, record producer and he owns his own record label which enables him discover new talent and groom them to world stars.

Davido was born in Atlanta and raised in Lagos, he made his first music debut as a member of the music group KB International. He studied business administration at Oak wood University before dropping out to make beats and record vocal references.

Davido rose to fame in 2011 with the release of “Dami Duro”, he released his second hit single from his debut studio album Omo Baba Olowo in 2012 which gathered a lot of fans support and attend. The album also contains six additional singles: “Back When”, “Ekuro”, “Overseas”, “All of You”, “Gbon Gbon”, and “Feel Alright”.

Even as coming from a rich family, Davido never depended on his father 100% to make it in life, young Davido believes in building his own wealth which he have successfully achieved over the year, though with his family support.

In 2012, Davido won The Headies Award for Next Rated. Between 2013 and 2015, he released the hit singles “Gobe”, “One of a Kind”, “Skelewu”, “Aye”, “Tchelete (Goodlife)” featuring Mafikizolo, “Naughty” featuring DJ Arafat, “Owo Ni Koko”, “The Sound” and “The Money” featuring Olamide.

In January 2016, Davido announced on Twitter that he signed a record deal with Sony Music. His announcement was met with mixed reactions. The record label put out a press release to confirm the deal. Few months after signing with Sony, Davido founded the Davido Music Worldwide (DMW) record label. Dremo and Mayorkun are currently signed to the label.

In July 2016, Davido signed a record deal with Sony’s RCA Records. He released the 5-track EP Son of Mercy in October 2016, supported by the singles “Gbagbe Oshi”, “How Long” and “Coolest Kid in Africa”. The EP features guest appearances from Simi, Tinashe and Nasty C.

Davido revealed to Pulse Nigeria in April 2017 that he renegotiated his contract with Sony due to creative control issues. He released five singles in 2017 after restructuring his contract, including “If” and “Fall”. The former generated worldwide social media activity, while the latter became the longest-charting Nigerian pop song in Billboard history

Davido Early life and Career Beginnings

Davido as a son of a rich man was born in Atlanta, Georgia on November 21, 1992. He attended the British International School in Lagos. He later moved back to Georgia to further his education and there he studied business administration at Oakwood University prior to relocating to Nigeria.

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 towards 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 Love and Romance

  • Davido Baby Mamas

Davido is also a successful man, his worldwide fame attracted a lot of women to him. Of course, many women simply want to live off Davido’s fame and earn seemingly easy money by claiming that he is the father of their children.

Officially Davido have 2 baby mamas which are Sophie Momodu as the first Davido baby mama and Mandy the second Davido baby mama and two ladies have beautiful daughters for the singer. However, there is a 3rd person (Ayotomide Labinjo) claiming to be Davido’s Baby Mama but DNA test proved negative which declared that Davido is not the father of the child as she allegedly claimed.

  • Davido Girl Friend

Chioma is Davido official girlfriend, and he does not hid face parading her to the whole world. Last year Davido brought her a brand new Porch which the plate number was written “Assurance” which he gifted her on her birthday. As if that is not enough-the singer also went further to dropped a hot single for her to commemorate his love for her which sparked a lot of media attention and reports are making rounds now that Davido has already proposed to Chioma, and some tabloids even assume that she is pregnant, but for now, these are just gossips.

But for a truth, Davido is still a young man, who has all the fame, fortune and women he wants. Nevertheless, he have proven himself as a good Daddy and a caring young man as he puts a lot of effort into finding enough time for his little baby girls and his girlfriend among his tight concert and recording schedule, even if it is not always easy. There is a lot of evidence of him supporting his daughters and spending time with them.

 How Davido Became a Nigerian Music Icon

Davido had to beat all odds and maintained his ground on his music career despite the fact that his father never wanted him to do music initially. Just like any father who is capable to training his child to any level of education in any school in the world would feel when the child abandons the school to chase a whole different career is exactly the same initial feeling of Davido’s father but after understanding his sons passion in music, he became supportive.

Davido rose to limelight in 2011 after dropping his debut studio album Omo Baba Olowo. He enlisted Jay Sleek, Maleek Berry, GospelOnDeBeatz, Spellz, Dokta Frabz, Mr. Chidoo, Theory Soundz and Shizzi to produce the album. The music of Omo Baba Olowo embodies Afropop and Afrobeat sounds, with an influence of hip hop. The album features guest appearances from Naeto C, Sina Rambo, B-Red, Kayswitch, Ice Prince and 2Face Idibia.

Omo Baba Olowo received generally negative reviews from music critics, who denounced its lyrical content and production. The album won Best R&B/Pop Album and received a nomination for Album of the Year at The Headies 2013. It was also nominated for Best Album of the Year at the 2013 Nigeria Entertainment Awards.

In early 2013, Davido began recording his second studio album. On February 25, 2013, he released “Gobe” as the upcoming album’s lead single. The song was produced by Shizzi. Charles Mgbolu of Vanguard commented on the release of the single, saying: “It’s a beautiful song with a tremendous video running along.

In Gobi, Davido is beaten up by thugs after winning the girl. It’s a song that exudes fun from start to finish.” The music video for the single was shot in South Africa by Godfather Productions. The song was ranked second on Premium Times list of the Top 10 songs of 2013.

Later in 2013, he released “Skelewu” and it became a hit however, it ranked 5th on the list of top 10 songs in Nigeria 2013. The song also peaked at number 1 on Afribiz’s Top 100 chart. Days after releasing the song, Davido took to his twitter to announce a dance competition with a cash prize of $3000 (?480,000 then).

Davido uploaded an instructional dance video onto YouTube and asked fans to upload videos of themselves dancing to “Skelewu”. On October 10, 2013, Davido declared Bello Moshood Abiola the winner of the competition which later sparked a lot of debet and controversy that resulted in rescheduling the dance competition.

On February 2, 2014, Davido released “Aye” as the fourth single from the upcoming album. The song was produced by T Spize. The music video for “Aye” was released on February 7, 2014, and was directed by Clarence Peters. According to the music video’s synopsis, “Davido plays a poor farmer who falls in love with the princess.”

Same year on April 30, 2014, HKN Music released the upcoming album’s fifth single “Tchelete (Goodlife)” featuring South African duo Mafikizolo. The song, which translates to “Money”, was produced by Oskido and Shizzi. Upon its release, the song was distributed by MTN’s Play and Callertunez platforms.


See Also: Top 10 Richest African Musicians – Current Forbes List of Top Richest Musicians in Africa 2020 and Their Networth

The collaboration between Davido and Mafikizolo came about as a result of them networking at MTN Nigeria’s Elite Night event in December 2013. The music video for the song was shot and directed in South Africa. It was uploaded onto YouTube on May 1, 2014. Oskido and Uhuru made cameo appearances in the video.

Davido is the Richest Musician in Nigerian Now. Based on assets valuation, endorsement and other lucrative music deals, Davido’s estimated net worth is $25 million. The singer has gone on several local and international tours over the last two years and his concerts have been sold out running in millions of dollar in revenue.

He have a deal with MTN which he signed in April 2012, the deal was said to be worth over N30 million. Davido says he was the first Nigerian artiste to make $1m off the ‘pon pon’ variant of Nigerian pop music.

As a son of a billionaire and a famous musician, Davido also lives a flashy and luxurious lifestyle. Davido spends money without regret, he spends it on expensive necklaces, clothing, Wrist watches, Cars and of course the women in his life.

When you make mention of car, Davido have a large collections of exotic and exclusive cars amongst of them is private jet. In his garage, will see super cars like Porsche Carrera, Mercedes Benz Sedan AMG, Range Rover Sport, Rolls Royce Phantom, Audi R8 Coupe supercar etc.

Davido Controversies

In May 2014, Davido attacked the Nigerian Immigration Service (NIS) after missing his flight to London. He accused them of pestering him for money. On May 11, 2014, the Public Relations Officer for the NIS denied Davido’s allegations and said they didn’t issue him an exit permit because he didn’t have the proper travel documents with him at the time.

In December 2015, Vanguard newspaper reported that Davido and his daughter’s mother, Sophia Momodu, were embroiled in a struggle over their child’s custody. The newspaper reported that it all started after Sophie and her family filed a petition against Davido and his family for alleged child trafficking.

In a petition sent to the Director-General of the National Agency for the Prohibition of Trafficking in Persons, Davido and his family were accused of keeping Made away from her mother as well as trying to flee Nigeria with the baby. Davido has since insisted that the allegations against him are false, but apologized to Dele Momodu, the cousin of Sophia Momodu.

Outside controversies of baby mama and relationship, Davido have also been accused of murder. In 2017 a heavy accusation of murder was leveled at Davido, the allegations had it that he was involved in the mysterious death of his friend Tagbo Umeike.

But thanks goodness he was later cleared of all the allegations of murder by the Nigerian police as investigation proved that he was wrongly accused. Though a lot of negative talk was made against him in the media during that time, but Davido declared in a statement that he has forgiven everyone and anyone that had something negative to say about him during this hard time.

“Thank you, Jesus. Any persons that said false things about me or accused me of what I don’t know, I sincerely forgive you and God bless you.”

“We move on, let’s all be better. Thank you, Lord. Thank you to everyone that prayed for me and to those who didn’t, maybe you forgot. We thank God, all in all, now let’s get back to the music,” he said.

For more update about Davido Net Worth by Forbes 2020, always visit this page.

You May Also Like