Between Wizkid and Davido Who is Richer?

The two superstars, Ayodeji Balogun, popularly known as Wizkid, and David Adeleke, simply called Davido, seem to be in constant competition. Although they deny being in any form of competition, their actions say a different thing. They sometimes even shade each other on social media. Interestingly, both of them were friends at the beginning of their music careers. They later fought, made up, and fought again. Their competition even trickles down to their fans, who are always defensive and ready to take sides with their favorite celebrity.

Fact: Davido is Richer than Wizkid By Over $6.7 Million

Over the years, Davido has always taken the lead when it comes to their net worth. This does not come as a surprise because he is the son of a billionaire father. Both of them have influenced the music industry considerably within and outside Nigeria and have, in turn, earned a lot of money and awards. However, Davido still maintains his current net worth of $70 million while Wizkid follows closely at $63.3 million. David is not just richer than Wizkid, but he is the richest Nigerian musician.

Davido Makes Money Majorly from His Music Career

As expected of a musician of his status, Davido makes the bulk of his money from music. Despite being the son of a wealthy man, the young artist chooses to make his own money. He became serious with music in 2011, and since then, he has been doing very well at it. He makes his money in music through different means such as selling his album, live performances, through his record label. As one would expect, he makes a lot of money from selling his albums and singles. In 2018, he revealed that his single “Fall” sold over 10 million copies while another of his song, “If,”  sold over 2 million copies. Aside from selling records, he also earns from his YouTube and Vevo videos.

The superstar has undoubtedly made a lot of money from live performances as well. In 2014, he made between N3.3 million and N5.5 million per show, mainly because of his song “Aye,” which was making waves at the time. Currently, Davido charges N10 million per show locally and $100,000 – $200,000 for international performances. 

In addition to his musical career success, the 28-year-old musician founded a record label in 2016 known as Davido Music Worldwide (DMW). The success of this label can be seen in the number of musical stars that it has produced, including; Mayorkun, Peruzzi, Dremo, Maleek Berry, Ichaba, Sir Banko, Idowest, etc. David has also signed deals with American record labels, RCA Records, and Sony music.

He also Earns from Various Businesses and Brand Endorsement Deals

Apart from music, the young celebrity is venturing into other types of businesses like motorsports, which he announced in 2018 on his Instagram page. Also, he announced not too long ago on his Twitter handle that he is gradually joining his father’s business, Pacific Holdings Ltd. Confirming this, the business website shows that he is on a board of directors.

Endorsement deals are an integral part of celebrity earnings, Davido inclusive. His first endorsement deal was with MTN Pulse, which earned him not less than N30 million. Later, he signed another with Guinness and another with Closeup as a youth ambassador. Also, he is an African ambassador for Pepsi alongside other celebrities. The Pepsi deal earns him not less than N100 million. In 2020, Davido and his record label DMW signed a partnership deal with Bitsika, a payments company that allows individuals to send and receive money in different currencies. It is important to note that these are not the only deals he had signed.

<b>Summary of Davido's Income Sources</b>

  • Music
  • Record label
  • Endorsement deals
  • Other businesses

Wizkid has a Net Worth of $63.3 Million Lower than Davido’s $70 Million

The 31-year-old singer equally makes the bulk of his money from music and music-related activities. He started music with a small group known as “Glorious Five.” Wizkid was then called Lil Prince. He continued to work and strive for success until he made a hit track, “Holla at Your Boy,” in 2010. He has continued to make good music and win numerous awards. The singer makes his money through various means, including live performances, endorsement deals, collaborations, record labels, and international deals.

Wizkid makes a lot of money from live shows, just like other famous musicians. He charges about N3 million to N5 million for his performances. In addition to this, he earns from selling his albums, alongside money he makes online from his music through licensing. This means that he permits his song to be used in films, TV shows, commercials, etc., and he gets paid. He also earns from music streaming on YouTube, iTunes, Spinlet, etc.

Further diversifying his game in the industry, the famous singer owns a record label called Star Boy Entertainment. His brand has brought several musicians to the limelight, including; L.A.X, R2bees, Efya, Terri, etc. He is also currently signed to American record labels- RCA Records and Sony music.

Wizkid has a Couple of Endorsement Deals He Earns From

In addition to what he earns from making music, Wizkid makes extra cash from endorsement deals. He signed an agreement of over N128 million with Guinness in 2013. He has also signed agreements with Pepsi and Glo for over N70 million and N120 million, respectively. There are several other endorsement deals that he has signed. They include deals with Nike, Ciroc, Tecno, UBA, etc.

<b>Summary of Wizkid's Income Sources</b>

  • Music
  • Record labels
  • Endorsement deals

The Origin of the Rivalry Between Them

Wizkid and Davido have been in the music industry for 12 and 10 years, respectively. The musical idols have gradually and steadily risen to fame in the industry. Wizkid, who made his first headway in 2009 with the award-winning track “Fast money,” had earlier been in a group called the “Glorious Five.” On the other hand, David started taking music seriously after he returned from the US in 2011. He attended Babcock University, which his father owns, and graduated in 2015 with a degree in music.

At the ages of 28 and 31, Davido being the former and Wizkid the latter, the sensational young stars have since made waves in the music world locally and internationally. Their vast knowledge and application of music have won them fans and recognition in different parts of the world. One cannot tell if the seeming sense of competition between them is due to their closeness in age. However, they have successfully gained thousands of followers through what may be an unintentional competition. It is almost impossible to tell who has more fans. But based on their Instagram page, Davido has a lot more followers than Wizkid.

Davido and Wizkid’s Lifestyle on the Spotlight

It is pretty easy to tell through their lavish lifestyle that they make more than enough money from their music. The CEO of Star Boy Entertainment has a house in Lekki worth a mouth-watering $175,000 and another in Surulere, which cost about $333,000. His home in California is reported to be worth about $10 million. Davido equally has three houses but in different locations from that of Wizkid. He has a $1.3 million worth house in Banana Island, a $400,000 house in Lekki, and a whopping $20 million vacation home in Atlanta.

When it comes to cars, both stars have a very high taste. Wizkid owns a Hyundai Sonata valued at $33,000, Bentley Continental GT speed worth $109,000, BMW X6 worth $26,000, Lamborghini Prime X2 worth $60,000, and Mercedes Benz G63 worth $145,000.

Davido’s fleet is not any cheaper. He owns Bentley Bentayga, which is worth up to $277,000, Range Rover SUV autobiography worth $231,000, Chevrolet Camaro worth $26,000, Audi R8 worth $59,000, Mercedes G Wagon worth up to $54,000, Toyota Land Cruiser worth $77,000, Porsche Panamera Turbo S, which cost about $64,000, and Mercedes-AMG GLS63 worth $115,000.

In addition to his lavish lifestyle, Davido, also known as OBO (“Omo Baba Olowo”), is known for his philanthropy and readiness to give money to the next available fan. He has a loud personality compared to Wizkid, who is hardly heard. Regardless of their age difference, both of them are very successful and doing well for themselves. One cannot precisely say who has the best style between them because they are unique to their personalities. Most importantly, their fans love them for who they are.

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