Davido and Burna Boy are among the leading music artists in Nigeria. Both singers are known for their unique yet diverse music styles. The artists are recognized internationally and have large fan bases home and abroad. Asides from the large number of fans they have gathered, the good music they make has also served as a greater source of their wealth directly and indirectly. Davido and Burna Boy’s net worth tells of two great artists who rose to fame with their talent and hard work.
Davido is Richer than Burna Boy
Curious fans often wonder what the net worth of these renowned artists are and who is richer. As of this writing, Burna Boy has a net worth of $17 million, while Davido‘s net worth is estimated to be $30 million. Although Davido and Burna Boy are mainly known as musicians, and music is a major source of their wealth, they do other things that contribute to their earnings.
Endorsement deals, personal businesses, and investments, etc., are other ways through which these singers make money. However, music remains their greatest claim to wealth, or at least, in the eyes of the public, and it seems so.
Sources of Davido’s $30 Million Net Worth
Even though Davido is the son of one of the popular billionaires in Nigeria, Dr. Adedeji Adeleke, he does not depend on his father’s wealth. Since he joined the music industry, the singer has worked hard like every other musician to make it to the top. He makes his money through;
- Other businesses/investments
- Record label
- Endorsement deals
Music is his main source of income. Because of his popularity, Davido charges a high amount for live performances, which has contributed greatly to his net worth. He charges between N10 – N40 million for performances within the country and about $1000 000 – $2000 000 for international shows, with an annual attendance of about forty shows within and outside the country.
Aside from performances, the singer also earns from social media. His YouTube channel has over six hundred and sixty-three million views on his videos. Other platforms like Vevo videos also fetch him a tangible amount of money.
As a way of diversifying his earnings, the Dami Duro crooner announced on Monday, October 15, 2018, that he was going to invest in motorsports. He revealed this on an Instagram post. Again in 2019, he revealed on his Twitter page that he would be joining his father’s company, Pacific Holdings, as a member of the board of directors.
In 2016, Davido founded his record label, Davido’s Music World, known as DMW. Apart from making money for him, the label has helped to raise talented artists in the country. Mayorkun was the first major artist signed to the brand. Later, more popular artists like Peruzzi, Dremo, Ichaba, Maleek Berry, etc., got signed. Aside from DMW, the musician is also signed to American record labels, RCA Records, and Sony music.
Another means through which influential personalities earn massively is through endorsement deals. With his level of popularity and influence, the billionaire’s son has signed so many deals. Currently, he has endorsements with about ten companies, including; Martell Blue Swift (a wine brand), Travelbeta, Pepsi, Close up, Munch it, Guinness Nigeria, Pampers, Infinix mobile, 1xbet, etc. He also signed a deal with the popular telecommunication service provider, MTN, but the deal ended in 2014.
Sources of Burna Boy’s $17 Million Net Worth
Burna Boy has also done well to diversify his income source, which has led to his financial success even outside of music. He has many achievements and investments to his name, all of which contribute to his mouth-watering net worth estimated to be $17 million. Sources of Burna Boy’s net worth include:
- Other businesses/ investments
- Record label
- Endorsement deals
As a singer, Burna Boy’s net worth comes hugely from music. He made his first large income in music from his debut studio album titled L.I.F.E. The album sold over 40,000 CD copies on the first day of its release. His music has continued to have massive sales and streaming over the years. He equally earns from live performances and social media platforms. For live shows, he charges about N5,000,000 locally.
In 2019, the singer launched his personal bank, which he called Burna Bank, in collaboration with Spotify, a Swedish digital music service provider. This bank is made with a special ATM that dispenses customized collectible bills. The bill was designed by Sajjad Musa, a New York City-based multidisciplinary artist, and it was inspired by the artwork of African Giant, one of Burna Boy’s studio albums.
At the beginning of his career, the celebrity was signed to Aristokrat Records before releasing his first studio album. Later in 2014, he left to establish his own record label, Spaceship Entertainment, where he released his subsequent songs. He has artists as Nissi (Burna Boy’s younger sister) signed to his label. Buju was also signed to Spaceship Entertainment, but he left in 2021. Burna is also signed to international labels like Atlantic Recording Corporation, Warner Music Group Corporation (WMG), and Bad Habit.
Burna has also had his fair share of endorsement deals with local and international companies. Some of the companies he has signed endorsement deals with include; Globacom, Martell Conga, Pepsi, Universal Music Group Publishing, Larger Beer, etc. He is also the Digital Brand Ambassador for Standard Chartered Bank. Other investments that the artist owns include; fixed deposits, treasury bills, EU bonds with Standard Chartered Bank, etc.
Comparison of Burna Boy and Davido’s Musical Achievements
These two musicians are among the most successful music artists in Africa, and indeed the rest of the world has seen to come from Nigeria. Their career success as musicians goes beyond their home country and continent as they are both internationally celebrated stars.
Burna Boy has more International Career Recognition
Burna Boy, whose birth name is Damini Ebunoluwa Ogulu, was born in Ahoada, Rivers State, on the 2nd of July, 1991. However, he started his music career in the early 2010s. He rose to fame with the hit single “Like to Party” in 2012, after which he released his debut studio album L.I.F.E. a year later. Since his entrance into the industry, the “Like to Party” crooner has released several singles and five albums, including L.I.F.E., On a Spaceship, Outside, African Giant and Twice as Tall. He has also collaborated with renowned local and foreign artists. As part of his musical success, the 30-year-old artist has won many awards and nominations, including the following:
- South South Music Awards – 2013
- Nigeria Entertainment Awards as Best New Act of the Year – 2013
- Nigeria Entertainment Awards Album of the Year – 2015
- MTV Africa Music Awards, Album of the Year – 2015
- MTV Africa Music Awards Best Collaboration – 2015
- All Africa Music Awards Best African Collaboration – 2015
- African Musik Magazine Awards (AFRIMMA) Best African Dancehall/Reggae Act – 2018
- Nigeria Entertainment Awards Album of the Year – 2018
- Soundcity MVP Awards Festival Album of the Year, Listener’s Choice, Song of the Year, Best Male MVP, and African Artiste of the Year – 2019
- BET Awards Best International Act – 2019
- The Headies Artiste of the Year – 2019
- The Headies Song of the Year for “Ye” – 2019
- The Headies Best Collaboration for “Killin’ Dem” – 2019
- MTV Europe Music Awards Best African Act – 2019
- Future Awards Africa Future Award Prize for Music – 2019
- Future Awards Africa Future Prize for Young Person of the Year – 2019
- African Muzik Magazine Awards Song of the Year and Best Collaboration for “Killin’ Dem” – 2019
- African Muzik Magazine Awards for Artist of the Year – 2019
- African Muzik Magazine Awards Best Male West Africa – 2019
- All Africa Music Awards West African Male Artiste of the Year and Artiste of the Year in Africa – 2019
- Ghana Music Awards African Artiste of the Year and Song of the Year (“Killin’ Dem”) – 2019
- African Musik Magazine Awards Crossing Boundaries with Music, and Best Collaboration “Jerusalema Remix” – 2019.
- BET Awards Best International Act – 2020
- Edison Award Best World Album – 2020
- MOBO Awards Best International Act – 2020
- Grammy Awards Best Global Music Album “Twice as Tall” – 2021
- Global Music Awards Africa Artiste of the Year – 2021
- BET Awards Best International Act – 2021
In 2021, his album “Twice as Tall” won the Best Global Music Album at the sixty-third GRAMMY Awards. This is his first GRAMMY Award and a high point in his career, as many artists wish for such achievement.
Davido’s Music Career is not Intimidated by Burna Boy’s Grammy
David Adedeji Adeleke also has an interesting musical journey. He was born on the 21st of November 1992, and he became interested in music in his late teens. He officially started singing in 2011 with his first single, “Back When,” which was followed by a second, “Dami Duro.” In 2012, he released his debut album “Omo Baba Olowo,” from where his nickname, OBO, was coined.
The talented singer released several singles and collaborations until 2019 when he released his second album, “A Good Time.” It was followed by the third, “A better Time,” in 2020
In his close to ten years in the music industry, Davido has won several awards and nominations, including:
- Dynamix All Youth Awards Promising Youth Artiste and Song of the Year “Back When” – 2011
- Channel O Music Video Awards Most Gifted Newcomer Video of the Year “Dami Duro” – 2012
- Kora Awards Best Newcomer Award – 2012
- Nigeria Music Video Awards (NMVA) Best Video By A New Artiste
(Live Beats Choice) “Dami Duro” – 2012
- The Headies Next Rated 2012 and Best R&B/Pop Album “Omo Baba Olowo” – 2013
- Nigeria Entertainment Awards Hottest Single of the Year “Dami Duro,” Best New Act of the Year and Best Collabo of the Year and “Carolina” (Sauce Kid featuring Davido) – 2012
- Nigerian Entertainment Awards Best Pop/R&B Artiste of the Year – 2013
- BET Awards Best International Act: Africa – 2014
- The Headies Artiste of the Year and Song of the Year – 2014
- Ben TV Awards Music Video of the Year “Aye” – 2014
- African Muzik Magazine Awards Best Male West Africa and Artist of the Year – 2014
- The Headies Hip Hop World Revelation – 2014
- MTV Africa Music Awards Best Male and Artist of the Year – 2014
- Nigeria Music Video Awards (NMVA) Best Afro Pop Video “Aye” – 2014
- Ghana Music Awards African Artiste Of The Year – 2014
- City People Entertainment Awards Musician Of The Year (Male) – 2014
- The Headies Artiste of the Year, Song of the Year, and Best Pop Single – 2018
- Nigeria Entertainment Awards Hottest Single of the Year “Aye” and Male Artist of the Year 2014, Best Collaboration “Gallardo” (RunTown featuring Davido) – 2014
Irrespective of how Davido and Burna Boy’s net worth will place one below the other, Davido is one Nigerian artist well known worldwide. Though he has not won many international awards like Burna Boy, he is waxing strong in his career. Reacting to Burna Boy and Wizkid‘s GRAMMY Awards, the singer congratulated the duo in a tweet he made and termed it a victory for their home country.
— Davido (@davido) March 15, 2021
Who is Doing Better Between Both of Them?
Looking at their ages and the number of years they have been in the industry, it is safe to say that Davido and Burna Boy are doing well for themselves. Burna is only a year older than Davido, and both artists got into the industry within the same period. Therefore, neither of them has an advantage over the other in terms of age or years of experience.
Regardless of Davido and Burna Boy’s net worth, both singers are doing well. However, Burna Boy seems to have better international recognition than Davido, and his recent achievement with the GRAMMY Awards has earned him even more recognition than ever. Nonetheless, the duo has individually large and loyal fan bases that love their different personalities and types of music.
Davido Lives a More Lavish Lifestyle of the Two
The excessive wealth of most celebrities are seen in the lavish lifestyles they live. From the houses they own to their fleet of cars and even some social media show-offs. For Davido and Burna boy, the story is not any different. Although OBO has a louder social media personality and tends to flaunt his wealth more on the internet, both artists own houses and fleets of luxury cars that reveal how wealthy they are.
Davido’s Houses and Car collections
David Adeleke is one artist known to flaunt his properties on social media. He has three known houses. One in Atlanta, Georgia, USA, the second at Lekki, and the most recent at Banana Island, Lagos. As expected, each of these houses is tastefully furnished with various state-of-the-art amenities to make for a comfortable living that is nonetheless deserving of the music star.
His Georgia home reportedly cost about $20 million, while his mansion in Lekki reportedly cost millions of naira to build. Of recent, it is his Lekki mansion that is the talk of the town. Davido’s new house reportedly cost about N561 million, and it has everything deserving of a mansion to come at such a huge price. The mansion named Giuliano de’ Medici, reportedly has about 10 apartments with 2 penthouses on the rooftop, a pool, an electronic gate, electronic curtains, a walk-in closet.
In addition to these expensive houses, he owns an extravagant fleet of cars which include; 2021 Rolls Royce Cullinan, Lamborghini Huracán, Luxury Sprinter Bus, Bentley Bentayga, Porsche Panamera Turbo S, Range Rover, Audi R8, Mercedes-AMG GLS63, and Mercedes Benz G63 AMG.
Burna Boy’s Houses and Car Collections
Although he is not one to flaunt his wealth on social media, the GRAMMY Award-winner has an eight-bedroom mansion in Lekki, Lagos, and a large fleet of cars. When news broke out that he acquired a mansion in Lekki, he confirmed his acquisition of the new mansion with a social media post he made showing pictures of himself in some parts of the house tagged ‘The One And Only Goat.’
Burna Boy’s cars include; Range Rover Autobiography, 2013 Ferrari 458 Italia, Rolls Royce Dawn Convertible, Bentley Continental GT, G Wagon, and Mercedes Benz S-Class.
By comparing Davido and Burna Boy’s net worth, it shows that Davido is richer and has a louder lifestyle compared to Burna Boy, who has more international recognition. Though Burna Boy is also rich compared to many other Nigerian musicians, he does not flaunt his wealth as much as some of his colleagues do.