A Net Worth report published by London-based research firm, Hooper HQ, has revealed Nigerian singer, David Adeleke, popularly known as “Davido” is richer than his colleague and rival, Ayo “Wizkid” Balogun.
The net worth of both Davido and Wizkid had earlier been disclosed in Hooper’s 2019 Instagram Rich List. Net worth is the value of all non-financial and financial assets owned by a company or an individual. It doesn’t include outstanding liabilities. The list cuts across Celebrity, Beauty, Fashion, Fitness, Food, Lifestyle, Sport and Travel.
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Davido started his career several months after Wizkid entered the Nigerian music industry between 2010 and 2011. Their rise to fame at almost the same time caused intense rivalry between them. They have had clashes in Dubai and on the social media platform, Twitter.
Their fans are not left out of the drama, as they often exchange words with one another to show their undying support for both artistes. Fans have often argued without facts on who is richer between Davido and Wizkid.
Both artistes are internationally recognised with their markets cutting across the shores of Africa. For years, there have been discussions on who has the highest net worth. That debate has been laid to rest by the 2019 Instagram Rich List. Although the Hooper HQ report focused on earnings from Instagram, the research firm quoted each artiste’s net worth separately.
Davido’s net worth: On the list, Nairametrics noticed that Davido’s net worth was placed at $16 million (N5.7 billion). Davido’s source of income is mostly from his record label, Davido Music Worldwide (DMW) – under which several artistes are signed, and music sales, as well as endorsement deals.
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Wizkid’s net worth: Wizkid is said to worth $12 million (N4.3 billion). He is also a record label boss, managing his Starboy Entertainment outfit which also has several artistes. He also earns from his music sales, as well as endorsement deals.
Wizkid’s recent investment includes a clothing line deal with Nike, to produce Starboy merchandise. His Nike jersey was sold out on the first day of release.
Both Davido and Wizkid are signed to RCA Records which is owned by Sony Music.