Adewale Adeleke is a 35-year-old Nigerian music producer best known as the brother of Davido. He has a net worth of $50 million. Adewale is also the co-owner of the HKN music record label and the Executive Director of Pacific Holdings.
Despite not being the most well-known member of his family, Adewale has accomplished significant success in various fields. He possesses a strong and admirable connection with David, who is four years his junior. Adewale is an exceptional father who highly regards the importance of family values.
Adewale Adeleke is Davido’s Elder Brother
Adewale Adeleke is the elder brother of Nigerian sensational afrobeat singer, David Adeleke, professionally known as Davido. He was born in Atlanta, Georgia, USA, on December 11, 1988. Adewale is both an American and a Nigerian citizen.
He is Yoruba by tribe, and a native of Osun State, South-West Nigeria. Talking about his educational background, Adewale is a graduate of Columbia University where he studied and graduated on 18 May 2015, with a Bachelor’s Degree in Business Administration.
Wale’s father is the famous Nigerian billionaire, business magnate, and president of Adeleke University, Adedeji Adeleke. His mother is Grace Ajunwa. He has half-sisters whose names are Ashley Coco Adeleke-Adaji and Sharon Adeleke-Ademefun. Interestingly, his two sisters are married and are doing quite well for themselves in their various careers. Also a married man, Wale’s wife’s name is Ekanem Kani with whom he welcomed their first child and daughter Maya.
A Look at How Adewale Adeleke’s Net Worth of $50 Million Accrued
Adewale Adeleke has gone out of his way to ensure he made meaningful wealth for himself, being a member of the wealthy family may have helped the Adeleke children achieve so much financial success but aside from the family’s wealth. Today, while he shares in his father’s whopping net worth of about $700 million as the first son, Adewale has through hard work and dedication to his career, been able to raise for himself an estimated net worth of $50 million.
Here is a breakdown of Adewale’s source of wealth.
He Co-owns a Record Label Called HKN Music
Adewale is also into music production. He is the chairman and producer in charge of HKN Music (‘Honorable Kings of New-school’) largely known as the record label home to the famous music artists Sina Rambo and B. Red. The music company which belongs to the family was co-founded by Adewale and his younger brother David.
The record label enjoyed a phenomenal rise in profile particularly in 2013 and 2014, as it was responsible for the production of Davido’s debut studio album Omo Baba Olowo, which was released by HKN Music in July 2012. The 35 year old was also one of the executive producers of the album which initially received wide negative reviews from music critics, who denounced its lyrical content.
However, the album went on to win The Headies 2013 ‘Best R&B/Pop Album’. It also received a nomination for Album of the Year in 2013 and Best Album of the Year at the 2013 Nigeria Entertainment Awards. HKN indeed was able to build its success on the crest of the wave of Davido’s phenomenal success.
Though not much has been heard about the record label since Davido left it to form his record label known as Music Worldwide (DMW), the music label is believed to be doing well. It initially started with five artists including Davido, Danagog, B-red, and Sina Rambo and in 2016, it added two young lads, Mayorkun and Dremo. The exact amount Adewale makes from the record label as the chairman is not known but it is enough to contribute to his fast-growing net worth.
Adewale is also the Executive Director of Pacific Holdings Limited
In 2015, Adewale Adeleke was appointed executive director of his father’s Energy Company, Pacific Holdings. The company which has its headquarters in Lagos State, Nigeria, is a diversified conglomerate with 6 major companies; Pacific Drilling Company Ltd, Pacific Farm Ltd, Inter-trade Warehousing Ltd., Junior Venture Ltd., Pacific Freightliners Ltd., and Pacific Gas Company Ltd.
Wale runs the company with his father who is the CEO and in 2021, his younger brother David was incorporated into the business as a director alongside his other brother and sisters who are all equally playing a pivotal role in Pacific Holdings. Adewale has been able to work with his father to increase the worth and value of the company.
Aside from this company, it is largely believed that as one of the sons of the Adelekes, he has stakes in most of his father’s other businesses including Adeleke University and a non-profit NGO called Springtime Development Foundation (SDF). However, his income from these family businesses is not known.
Comparing Adewale Adeleke’s Net Worth with Davido’s
Adewale is richer than Davido. While the latter might be the most popular one in the family, there are certain factors why he has a lower net worth. The ‘FEM’ crooner once affirmed in an interview that all his siblings are richer than he is. Giving reasons why his income is much lower than that of his brother and the rest of the family, Davido pointed fingers at the family business saying he would make a much higher income if he was working in his father’s power plant.
This could be a valid point as Adewale whose net worth is estimated at $50 million appears to be way richer than his brother Davido whose net worth on the other hand is estimated at $40 million.
Aside from making much of his income from their father’s multiple businesses, Wale appears to be more prudent with spending than his brother. Disclosing this in a live Instagram interview with Ubi Franklin, the HKN chairman said he is more business-minded than his younger brother who, for instance, runs his DMW “like a charity organization”.
He further noted that his brother neither signs contracts with his artists nor does he take money from those signed to his label. This, according to him, was how the HKN Music was run but he had to restructure it because he could not afford to keep throwing money around the way his brother does with DMW.
The young artist Davido had earlier revealed that his decision to pursue his musical career rather than focus on the family business like the rest of his siblings was because he loved music as a craft. He also chose not to monetize his record label as many other artists would because he was more interested in helping young and upcoming artists and was not really after profit.
Despite their differing financial stance, Davido and his brother work together and respect each other. Their father, Adedeji Adewale, who still leads with a net worth of over $700 million, is largely referred to as the richest man in Osun State and one of the richest and most successful businessmen in Nigeria.
Wale and his brother David have come a long way together as siblings and as business partners. Aside from playing pivotal roles in their father’s various businesses, these two have individually worked hard to raise their financial standards.
Adewale Adeleke’s Family Members
|Date of Birth
|March 6, 1956
|67 years old
|Maya Oluwayemisi Minika Adeleke
|January 10, 2021
|3 years old
|November 21, 1992
|31 years old
Who is Adewale Adeleke’s Wife?
Ekanem Adeleke, the spouse of Adewale Adeleke, hails from Calabar, Cross River State, where she was born and raised. While limited information is available regarding her personal life, it is known that she is married into the Adeleke family and is the mother of Adewale’s daughter.
Details about her family background, early life, education, and the circumstances of her meeting Adewale have not been disclosed publicly. However, it can be noted that her father has passed away.
Who are Adewale Adeleke’s Mother and Father?
Adewale Adeleke’s parents are Adedeji Adeleke and Veronica Ajunwa. Adedeji, also known as Deji, is a successful Nigerian businessman who holds positions as the president of Adeleke University and the CEO of Pacific Holdings Limited. Veronica is an attorney based in California. The details of how Adewale’s parents met and the duration of their relationship before separating are unknown.
However, Adewale has a strong bond with both of his parents, particularly his mother, whom he admires for her role in shaping him into the person he is today. The nature of Veronica and Deji’s relationship is not publicly known.
Frequently Asked Questions
How many Siblings does Davido have?
Davido has three siblings – a half-brother and two sisters. Adewale Adeleke is his half-brother while the names of his sisters are Ashley Adeleke and Sharon Adeleke.
Who is Adewale Adeleke?
Adewale Adeleke is the half-brother of Nigerian singer, Davido. He came from Davido’s father’s relationship with a California-based attorney called Grace Ajunwa. Adewale was born on December 11, 1988.
Who is the owner of the HKN music label?
Adewale Adeleke is the owner of the KHN music label. He co-founded the label with Davido. Davido’s first album Omo Baba Olowo was released under the label in July 2012.
What is Adewale Adeleke’s Net Worth?
Adewale Adeleke has an estimated net worth of $50 million. A huge part of his wealth comes from his multiple business deals in his father’s company. His other sources of income are businesses and a music production career.
Does Davido Have a Twin Brother?
No. Davido does not have a twin brother. Rather he has an older sister (Sharon Adeleke) and a younger sister called Ashley Adeleke. Adewale Adeleke is his elder brother.