"It Will Be From 5 Sources": Forbes Celebrates Davido, Predicts Over N9 Billion Earnings in 2023

"It Will Be From 5 Sources": Forbes Celebrates Davido, Predicts Over N9 Billion Earnings in 2023

  • Forbes has predicted that Davido will earn over N9 billion in 2023 through different sources
  • The latest magazine featuring Davido on the front page celebrated his business acumen and achievements
  • Davido has a streaming record of over N2 billion and endorsement deals with different brands globally

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Nigerian music sensation, David Adeleke (Davido), has received high praise from Forbes magazine for his musical talent and business acumen.

According to Forbes, Davido is set to have a fantastic 2023, with earnings exceeding $20 million( N9.21 billion).

Davido earnings forbes
Davido is one of the biggest musicians in Africa. Photo credit: @davido
Source: Instagram

Davido is projected to earn over N9 billion in 2023, from revenue streams such as royalties, brand partnerships, merchandise sales, and profitable tour performances.

His latest album, Timeless, has received widespread critical acclaim and generated significant digital plays.

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Legit.ng revealed that two days after releasing the album, it was viewed 4.5 million times, earning him millions.

Report also has it that within the first 10 days of its release, the album hit number two on Billboard’s World Album chart after it was streamed over 133 million times — with more than 43 million streams in the U.S. market alone.

More accolades for Davido

Davido is undoubtedly one of Africa's biggest music acts, with a streaming record of over N2 billion.

Forbes's latest magazine has him on his front page and expects him to headline the American business magazine’s 30 Under 30 Africa Summit in Gaborone.

Davido also has endorsement deals with Pernod Ricard’s Martell Cognac, smartphone maker Infinix Mobile, and Puma, among others.

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His music represents a modern fusion of African and international influence.

Davido background

In addition to his music career, Davido comes from a family with notable political and business influence.

Adedeji Adeleke, his father, established Pacific Holdings Limited in 1983, which has since expanded into a conglomerate with power plants that generate substantial electricity in West Africa.

Davido's grandfather was a senator, and his uncle Ademola Adeleke currently serves as the governor of Osun State, a southwestern state in Nigeria.

Wizkid's Made in Lagos album breaks record as he becomes over N2.1bn richer

In another report, Wizkid leads the list of Nigerian artists making substantial financial gains from their creativity and works.

Despite the album, Made in Lagos being released over a year ago, music lovers around the world continue to listen.

The album has continued to be among the top streamed on Apple Music, earning Wizkid a whopping N2.11 billion estimated earnings.

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Davido reveals future plans to expand talent into filmmaking to tell real Nigerian stories

Source: Legit.ng

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