Who is Richer Between Davido and Wizkid? (2023)

If you’ve also been asking about who is richer between Davido and Wizkid, then this article is set to answer all your questions. Over time, there have been protracted controversies surrounding the net worth of Davido and Wizkid as fans of each artiste take sides on “who is the richest?“.

No doubt, Wizkid and Davido are the two greatest pole Nigeria music has ever witnessed. Both are dominating the global music market. These two musicians have been entertaining their devoted fans with songs for more than ten years in Nigeria, Africa, and throughout the world.

Although it frequently appears as though the two young guys are in fierce competition, they have both stated that they are not. Fans of Davido and Wizkid continue to argue on social media over who is superior, more talented, and even wealthier.

While there are many guesses on the net worth of these globally acclaimed musicians, RNN provides veritable and updated information on their net worth from Forbes. You’ll find more details about who is richer between Wizkid and Davido as we progress in this article.

Wizkid Net Worth

Wizkid’s net worth is estimated at $30 million. Ayodeji Balogun has his net worth calculated from multiple streams of income. Although Wizkid is known to be a global artiste, his millionaire status was derived from additional income channels like endorsement deals, digital streams, and performance fees among others.

Wizkid has a net worth of $30 Million and is the richest musician in Nigeria. In July 2019, the talented singer added more to his net worth after confirming a mega-deal signing for United Bank for Africa (UBA) as their brand ambassador.

He is well-known both outside of the Afrobeat community and within it and has achieved international popularity because of his collaborations with well-known musicians like Chris Brown and Drake. And especially his recent success with Essence where he featured Tems.

After collaborating with other well-known performers, Wizkid expanded into the mainstream music industry. Being the first Nigerian to reach one million followers on Twitter makes him one of the most well-known Nigerians of all time. Additionally, Wizkid has revealed plans to start his own clothing line and successfully landed big endorsement deals with well-known companies like Pepsi.

His songs are still top Billboard’s top 100 Hot music. His musical career can be traced back to 2009 in Empire Mates Entertainment E.M.E records owned by “Banky W” where he recorded his debut album “Superstar” in 2011, which had the Hit track “Holla at Your Boy” which apparently shot him to the limelight. Wizkid is first on our list of the top 10 richest musicians in Nigeria.

Wizkid’s net worth has part of its estimate from the following endorsement deals:

Pepsi Endorsement Deal

Wizkid’s endorsement deal with Pepsi is worth over $350,000, running into hundreds of millions in naira.

UBA

In 2019, Wizkid secured a deal worth $3 million with United Bank for Africa, stirring reactions from both fans and celebrities alike. The deal was equivalent to 1 billion naira at the time.

Dolce & Gabanna

This deal was worth $10, 000 at the time.

MTN

It would be an incomplete list if we do not mention Starboy’s deal with MTN. The telecommunication company signed a one-year endorsement deal with Wizkid in 2013 worth $115,000.

GLO

In 2015, Wizkid migrated to GLO, another leading telecommunication company in Nigeria, signing an endorsement deal worth $328,000. The multiple award-winning artists have equally signed deals with notable brands like PUMA, CIROC, NIKE, and GUINNESS among others.

Who is Richer Between Davido and Wizkid?

As mentioned earlier, Wizkid gets his income from performance fees and private shows also. He has a notable achievement of being the first African artiste to sell out the o2 Arena in London. In 2021, Wizkid sold out the o2 three times within 35 minutes, a great feat that earned him global respect.

Wizkid’s Cars & Houses

Who is Richer Between Davido and Wizkid?

The musician’s net worth cannot be calculated without adding an estimate of his cars and houses. Considering his endorsement deals and shows, he can definitely afford to have luxury cars and houses.

As said earlier, most of the wealth of the richest musician in Nigeria comes from music and mouthwatering deals with huge endorsements with top brands like Pepsi, Glo, Dolce & Gabbana, and Nike, among others.

Wizkid splashes over ₦1b on 7 luxury cars, including a Rolls-Royce Cullinan, Lamborghini Aventador, and Mercedes-Maybach Van. The trio of luxury cars alone cost over Eight hundred million naira (₦800 million) to own in Nigeria.

The question of who is the richest musician in Nigeria is a big topic and with Wizkid’s lifestyle and endorsement deals, it is obvious that he is the richest musician in Nigeria.

MOA Global Services has revealed that Nigerian singer and songwriter, Ayodeji Ibrahim Balogun, known professionally as Wizkid, has splashed over ₦1 billion on 7 luxury cars.

Luxury cars seen in a video shared by MOA Global Services, a Cargo and Freight company, include a Lamborghini Aventador sports car, a Rolls-Royce Cullinan, and a customized Mercedes-Maybach Van.

Here’s a list of the cars owned by the “Ojuelegba” crooner:

Wizkid’s Houses

Starboy acquired his first mansion in 2013 for the sum of N68 million. The house is situated in Lekki – a highly sophisticated area of Lagos, Nigeria.

His other two houses are in Surulere, Nigeria, and Los Angeles, California respectively. The house in Surulere was reported to be bought for N13 million while the 3-storey mansion in Los Angeles was purchased for about $15 million in 2016.

Wizkid’s net worth is estimated at $21 million.

Davido Net Worth

Davido has an estimated net worth of $29 million. Biologically known as David Adeleke, Davido rose to stardom in 2012 after releasing his hit single, “Dami Duro”. Since then, OBO (Omo Baba Olowo, as he is fondly called) has amassed a lot of fans and wealth globally. Like Wizkid, Davido’s net worth is a total estimation of his houses, cars, endorsement deals, digital streams, shows and performance fees.

Davido is a sensational Afrobeat artiste and one of the richest musicians in Nigeria with a net worth of $29 million. He was born in Atlanta, Georgia in November 1992. At a young age, he relocated to Lagos, and in 2012, he finally published Omo Bab Olowo, his debut studio album.

In Nigeria, his track “Dami Duro” became popular. In 2013, he teamed up with Guinness Nigeria for the Guinness World of More event and secured an endorsement contract with MTN Nigeria. He entered into a contract with Sony Music in 2016, and a year later he established his own label, Davido Music Worldwide. He joined RCA Records in 2016.

His net worth is largely from music and endorsement projects such as the MTN endorsement deal, Guinness Nigeria, Infinix mobile, etc. Davido also performs in local and international shows, where he earns as much as N10 million per performance (in Nigeria) and $30,000 for international performances.

Davido’s net worth and wealth are also affected positively by his YouTube channel, which has attracted over 663 million views since it was created. In addition, his Instagram account is not left out.

In fact, Davido’s per post on Instagram has an estimated value of $91,100. He is among the world ranking of Instagram’s Richest Celebrities. Davido is second on our list of the top 10 richest musicians in Nigeria.

Here’s a list of Davido’s endorsement deals so far:

PUMA Endorsement

Davido’s endorsement deal with PUMA sparked reactions online as fans wondered why the brand signed a new deal with the Afropop singer instead of renewing the previous agreement with Wizkid.

The deal is worth $3 million.

Wema Bank Endorsement Deal

Who is Richer Between Davido and Wizkid?

In December 2021, Davido signed an endorsement deal with Wema Bank after he initiated a massive fundraiser online. Recall that Davido called out a few friends to send money into his Wema bank account in celebration of his birthday in November. The money (N250 million) was later donated to orphanage homes across Nigeria. 

Although there are no official details on the deal with Wema bank, there have been speculations that it could be worth up to N1 billion.

Martell Blue Swift

In June 2021, Davido signed a $5 million deal with Martell, a Cognac brand based in France. This contributed to his massive accumulation of income in 2021.

Pepsi Deal

The similarity of endorsement deals is part of the reasons why fans continually compare Davido and Wizkid with each other. OBO equally signed a deal with Pepsi worth N100 million in 2016, four years after Stayboy signed with the brand.

Davido has also signed endorsement deals with the following brands: Travelbeta, Close Up, Guinness, Mtn Pulse, Pampers, Infinix mobile, 1xbet, and so on.

Davido’s Cars and Houses

Davido has three houses: one in Atlanta, Georgia, USA, and the other two in Lekki and Banana Island, Lagos Nigeria respectively.

The son of the popular billionaire, Adedeji Adeleke is well known for his love of cars and expensive jewelry. The Stand Strong crooner is the owner of a number of high-end vehicles, including a Rolls Royce Cullinan, a Lamborghini Huracan, a Sprinter bus, a Bentley Bentayga, a Range Rover, etc.

Rolls Royce Cullinan is the first and only SUV that is produced by the luxury automaker. The SUV is rated as the most expensive SUV in the world with a Manufacturer’s Suggested Retail Price of $341,500. The luxury SUV comes with a twin-turbo 6.7-litre V12 engine that produces 563 horsepower at 5000 rpm.

Davido acquired the luxury SUV in 2021, he made a post about it on his official Instagram page. Davido acquired a 2021 Lamborghini Aventador that comes with a V-12 engine that produces 759 horsepower and 531 lb-ft of torque. The luxury car can accelerate from 0 to 100 km/h in under 2.8 seconds.

He is like every other celebrity who owns a luxury sprinter bus. Mercedes Benz Sprinter is a tough, powerful, efficient, and flexible van. It comes with a 4-cylinder gas-fed engine which produces188 hp.

For this reason, celebrities always acquire a customized Sprinter bus that will convey them and their team to a show or other activities. His obvious display of wealth and philanthropic journey with his business endeavours chose clearly that he is one of the richest musicians in Nigeria.

Who is Richer Between Davido and Wizkid?

His house in Atlanta cost him $20 million, while the houses in Lekki and Banana Island cost N140 million and $1.5 million respectively.

Below is a list of cars acquired by the singer so far:

Who is the Richest between Davido and Wizkid in 2023?

As of 2023, Wizkid is richer than Davido. With an estimated net worth of $30 million, Wizkid is the richest and highest-paid artiste in Nigeria, per Forbes. On the other hand, David’s net worth is estimated at $29 million. Not only is he richer than Davido but Wizkid is the richest musician in Nigeria at the moment. Davido on the other hand is the second richest.

The argument over who is richer between Davido and Wizkid will always be a trending issue as fans never seem to come to a definite conclusion. However, according to the facts provided in this post, Wizkid’s figure proves to be higher than that of Davido for now. Hence, Davido is not richer than Wizkid.

There you have your answer.