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.
[READ ALSO: These are Billionaires of the Nigerian Stock Market]
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.
[READ ALSO: Nigerians dominate Forbes’ black billionaires list]
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.
Twitter CEO auctions his first-ever tweet on Twitter, bidding at $2.5 million
Jack Dorsey is auctioning his first-ever tweet on a website that sells tweets as non-fungible tokens.
Twitter CEO, Jack Dorsey is auctioning his first-ever tweet on Twitter “just setting up my twttr” on a website that sells tweets as non-fungible tokens (NFTs).
The tweet was listed for sale on ‘Valuables by Cent’ – a tweets marketplace that was launched three months ago. The tweet was first made in March 2006
The tweet received offers as high as $88,888.88 within minutes of Jack tweeting a link to the listing on” Valuables by Cent” on Friday.
Currently, bidding has reached $2.5 million (€2.1 million) indicating the potential in selling virtual objects that have been authenticated through blockchain technology.
The highest bid for the tweet — $2.5 million — came from Bridge Oracle CEO Sina Estavi. It topped cryptocurrency pioneer, Justin Sun’s $2 million bid.
The final buyer of the tweet will receive a certificate, digitally signed and verified by Jack Dorsey, as well as the metadata of the original tweet. The data will include information such as the time the tweet was posted and its text contents. Most of this information, however, is already publicly available.
According to Valuables by Cent’s terms, 95% of a tweet’s sale will go to the original creator while the remainder will go to the website.
What you should know
- NFTs is a unique digital certificate that states who owns a photo, video, or other forms of online media.
- Dorsey’s 15-year-old tweet is one of the most famous tweets ever on the platform.
- Bidding had reached $2.5 million (€2.1 million) on Saturday, indicating the potential in selling virtual objects that have been authenticated through blockchain technology.
- More people are currently bidding their tweets on the platform.
Bamboo’s current rate for buying U.S Stocks weakens to N492/$1
Bamboo is currently offering its users a premium of more than 20% compared to the official exchange rate.
The fast-rising Nigerian stock broking application, Bamboo, is currently offering an exchange rate of N492 to the dollar.
About two weeks ago, the Nigerian stock trading app offered an exchange rate of about N484 to $1.
The green-colored trading app known for allowing local-based Nigerians to invest in stocks listed on the world’s biggest stock market (New York Stock Exchange and NASDAQ) is currently offering its users a premium of more than 20% compared to the official exchange rate set by the Nigerian apex bank.
That being said, Nairametrics’s most recent research observed Chaka. ng offers the lowest exchange rate charge of N480 to 1$, other Nigerian-based stock trading apps that include Trove and Risevest currently offer their clients N491.68 and N486 to $1 respectively.
In addition, other leading fintech platforms reviewed by Nairametrics also presently offer exuberant rates as high as about N519 to a dollar, thereby adding more transaction costs on a significant number of Nigerians hoping to trade such financial assets.
A growing number of Nigerians are currently increasing their exposure to the U.S stock market taking to the current bearish trend that is being witnessed in the Nigerian Equity market and growing urge in hedging against the weakening local currency.
Consequently, a lot of Nigerians are flocking the New York Stock Exchange (NYSE) on the account it has about 2,800 companies listed, while the NASDAQ has about 3,300 stocks listed. This gives Nigerian investors numerous options where they can invest their money. It is also why the US economy attracts billions of dollars in portfolio investments annually.
Bamboo is an investment platform that gives Africans real-time access to invest in or trade over 3,500 stocks listed on the American and Nigerian exchanges right from their smartphones or personal computer.
In partnership with US-based Drive Wealth LLC, Bamboo provides seamless, secure access to US and Nigerian securities.
Nairametrics | Company Earnings
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- Abbey Mortgage Bank projects N51.08 million profit in Q2 2020.