Davido Net Worth in Naira: Nigeria's Richest Music Star

Wizkid and Davido are arguably two of the biggest names in Nigeria and Africa's entertainment industry. For the time Davido and Wizkid have graced the Nigerian music industry, they have made quite a fortune. But between WizKid and Davido, who is the richest?

As of October 2025, Nigeria’s music industry continues to dominate Africa, and produce some of the richest musicians in Nigeria.

Davido VS Wizkid Who Is Richer? Find Out!

Let's delve into the different sources of wealth of the two artists, their business ventures, and properties, and determine who is wealthier.

Wizkid's Sources of Wealth

Wizkid has had an illustrious music career that began when he formed a group known as the Glorious Five. While the group broke up shortly after, Wizkid's solo career has seen him produce five studio albums and numerous tracks.

The singer's albums include Made in Lagos (2020), Wizkid (2018), Sounds from the Other Side (2017), Like This, The Remixes (2017), Ayo (2014), and Superstar (2011). Besides album sales, the singer has also made quite a fortune from live performances, licensing deals, and music streaming.

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Wizkid has maintained lucrative partnerships with MTN, Pepsi, and Nike.

Brand Endorsements

Wizkid has had brand endorsement deals with numerous companies throughout his career. Here is a look at some of the most prominent ones.

  • Tecno Mobile: In 2019, the smartphone manufacturing company unveiled Wizkid as their new brand ambassador. This deal came at a time when Tecno was launching numerous new devices in the Nigerian market.
  • United Bank for Africa: In 2019, the renowned singer signed a brand partnership deal with UBA, which is one of his biggest endorsement deals to date.
  • Pepsi: At the beginning of 2022, Wizkid signed a one-year contract with Pepsi worth $350,000. The singer will be the face of the beverage brand in Nigeria and appear in commercials, both in print and visual media.
  • Globacom Group: In 2015, the company appointed Wizkid as one of its brand's ambassadors. The deal saw the singer travel to numerous destinations in a bid to promote the telecom company.
  • Cîroc: In 2018, the brand partnered with Wizkid in an endorsement deal.
  • Nike: In 2018, the renowned singer partnered with Nike's designers to come up with the Nike-made Super Eagles jerseys. The collaboration saw the jerseys sell out in no time, making it one of the best deals in terms of returns.

Businesses

Besides music and brand endorsements, Wizkid founded Starboy Entertainment, a hugely successful record label producing music for numerous Nigerian singers. Wizkid's music is also produced in-house, significantly reducing the music production expenses incurred by artists relying on external record labels.

Properties

Wizkid is among the wealthiest musicians in Nigeria today. As one might expect, he has several properties to his name.

Cars

Here is a look at today's vehicles in the renowned singer's car collection.

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  • Lamborghini Urus
  • BMW X6
  • Porsche Panamera
  • Bentley Continental GT Speed Convertible
  • Porsche Cayenne
  • Mercedes Benz G63 AMG
  • Hyundai Sonata

Houses

Wizkid reportedly owns a 13-million-naira house in Surulere, Lagos Mainland. Besides this mansion, he reportedly owns a luxurious home in Los Angeles, California, United States.

Davido's Sources of Wealth

Here is a look at the different ways Davido created his wealth.

Davido was born in Atlanta, U.S, and raised in Lagos, Nigeria. He made his music debut as a member of the group KB International. Davido studied business administration at Oakwood University before dropping out to make beats and record vocal references. He rose to fame after releasing "Dami Duro", the second single from his debut studio album Omo Baba Olowo (2012), from which six additional singles-"Back When", "Ekuro", "Overseas", "All of You", "Gbon Gbon" and "Feel Alright"-were taken.

Music

The renowned musician has made quite a fortune from his music. Some of his most prominent music income sources include streaming royalties, licensing fees, live performances, and album sales. Davido has five studio albums to his name. These include Omo Baba Olowo (2012), Son of Mercy (2016), A Good Time (2016), Best of Davido (2020), and A Better Time (2020).

The singer reportedly charges a whooping 10 million naira for a show in Nigeria and about $90,000 for shows in foreign countries.

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Brand Endorsements

Numerous companies have worked with Davido over the last few years. These companies leverage the singer's fame to raise their profile or push a product or service. Here is a look at the most prominent deals the singer has ever signed.

  • PUMA: In 2021, Davido and sports company PUMA signed a long-term endorsement deal, underscoring the company's commitment to the rapidly growing African market.
  • Pepsi: In 2016, Davido signed a deal with Pepsi to become one of its Nigerian brand ambassadors. The deal was among the biggest Davido has ever signed and contributed significantly to his current net worth.
  • Guinness Nigeria: In 2013, Davido was among the three artists who signed deals with Guinness Nigeria to become brand ambassadors.
  • MTN Pulse: This was one of Davido's earliest endorsement deals. The singer signed the deal in 2012 and became the face of MTN Pulse in Nigeria. At the time, he was not as well-known and influential as he is today.
  • Infinix Mobile: The singer has worked twice as a brand ambassador for the phone manufacturing company in the last five years. The first deal came in 2018, and the second in 2021.
  • 1Xbet: The singer signed a lucrative deal with the renowned multinational betting firm in 2021. The deal was intended to raise 1XBet's profile and help it counter the competition in Nigeria's fast-rising betting industry.

Businesses

The renowned singer sits on the board of directors of Pacific Holdings, a well-established Nigerian firm with interests in various economic sectors. The company has six subsidiaries dealing in gas supply, freight and logistics, venture capital, warehousing, farming, and oil drilling.

Properties

Like numerous other wealthy Nigerian singers, Davido has numerous properties to his name. Here is a quick look.

House

The singer recently gave his fans a virtual tour of his new house in Banana Island, Lagos. The renowned musician called the milestone a huge blessing when talking about the house on Instagram. The beautiful mansion is reportedly worth $1.5 million.

Cars

Here is a look at the singer's current car collection.

  • Rolls Royce Cullinan
  • Lamborghini Huracán
  • Bentley Bentayga
  • Porsche Panamera Turbo S
  • Range Rover Sport
  • Audi R8
  • Mercedes-AMG GLS63

Davido and Wizkid Net Worth Comparison

Who is richer between Wizkid and Davido in 2025? Now that we have looked at the two singer's sources of wealth, businesses, and properties, who is richer between Davido and WizKid?

As of 2025, Wizkid’s net worth is estimated at ₦150 billion, making him the richest musician in Nigeria. Davido’s net worth in 2025 is estimated at ₦142.5 billion, placing him second among Nigeria’s richest musicians.

From WizKid and Davido's net worth figures, it is clear that Wizkid is richer than Davido.

Top 10 Richest Musicians in Nigeria 2025

Here is a table summarizing the net worth and endorsement deals of the top 10 richest musicians in Nigeria as of 2025:

Rank Musician Net Worth (₦) Endorsement Deals
1 Wizkid 150 billion MTN, Pepsi, Nike
2 Davido 142.5 billion MTN, Infinix, AXE, Travelbeta
3 Burna Boy 142.5 billion Pepsi, Nike, Bulova Watches
4 Tiwa Savage 30-37.5 billion Universal Music Group, Dolce & Gabbana, Pepsi
5 Olamide 15-22.5 billion Glo, Guinness, Coca-Cola
6 Don Jazzy 15-18.75 billion Betway, Johnnie Walker
7 Rema 15-22.5 billion Pepsi, Tommy Hilfiger
8 Phyno 7.5-11.25 billion Glo, Monster Energy, Amstel Malta
9 2Baba 15-26.25 billion Globacom, Campari
10 Timaya 7.5-11.25 billion Hennessy, Coca-Cola, Amstel Malta

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