Richest Nigerian artists: Wizkid and Davido Net worth

The eternal rivalry between Wizkid and Davido transcends the borders of artistic excellence and now centers largely around the financial supremacy of one over the other. 

While both legendary personalities blessed the Nigerian airwaves in 2019 and 2024 with highly acclaimed albums in A Good Time from Davido and Morayo from Wizkid, fans are more concerned with the question: Who is richer between Wizkid and Davido? 

Clacified explores the financial complexities of the two behemoths in this exposé, contrasting Wizkid and Davido's wealth, assets, and net worth against one another.

Wizkid and Davido Music Accomplishments, Streams, and Revenue

Wizkid had a fairly humble debut into music, beginning with the amateur boy band Glorious Five under the nickname Lil Prinz before embarking on an immensely successful solo career that has produced 6 albums and 2 EPs by January 2025.

As of January 6th, 2025, these projects, which include Superstar (2011), Ayo (2014), Sounds from the Other Side (2017), Made in Lagos (2020), More Love, Less Ego (2022), and Morayo (2024), SoundMan Vol 1 (2019), and S2 (2023) had received 2,470,265,146 Spotify streams.

After frolicking with the group KB International, Davido made one of the most barnstorming entries into the Nigerian music space with the mega-hit album Omo Baba Olowo (2012), followed by consecutive blockbusters A Good Time (2019), A Better Time (2020), and Timeless (2023).

As of January 7, 2025, these releases had garnered Davido 1,136,245,640 Spotify streams, which is understandably significantly less than his supposed arch-nemesis, Wizkid.

With Spotify remunerating an average of $0.004 per stream, Wizkid is predicted to have earned at least $9,881,060.584 from his Spotify album discography alone, more than doubling Davido's projected revenue of $4,544,982.56 from the same platform.

The disparity grows much greater when considering tracks, with Wizkid's Spotify streaming total of 7,487,473,457 dwarfing his rival by a significant margin of 2,262,672,697.

While Davido has three releases (including features) that have reached the 100 million mark, Wizkid has thirteen, four of which Wizkid was the lead artist.

The tides, however, change dramatically when switching platforms to YouTube, where Davido is approaching the 2 billion barrier 1,920,979,641, far ahead of Wizkid who trails Davido with 1,407,598,911.

Based on these figures, which do not take into account another streaming giant in Apple Music, it becomes evident that Wizkid is the pacesetter in streaming revenue, easily doubling Davido's numbers on the world's largest music streaming service.

Wizkid and Davido: Brand Endorsement

Wizkid has had brand endorsement deals with several prominent companies throughout his career, which include:

• Tecno Mobile in 2019 as a brand ambassador.
• United Bank of Africa In 2019, as a brand partner, known to be one of his biggest endorsement deals to date.
• Globacom Group, which is one of the major network providers in Nigeria, appointed Wizkid in the year 2015 as a brand ambassador. 
• Pepsi in 2022, where Wizkid signed a one-year contract worth $350,000.
• Ciroc premium vodka brand, who partnered with Wizkid in an endorsement deal in the year 2018. 
• Nike in 2018, where Wizkid partnered and collaborated with Nike's designers to come up with the Nike-made Super Eagles jerseys, which were used at the 2018 World Cup in Russia, and this deal was worth $3.75 million. 
• Wizkid also partnered with Dolce and Gabbana, which earned him $20,000 as he walked alongside Naomi Campbell at a fashion show in Milan in the year 2018.

On the other hand, Davido has also signed several deals with numerous companies over the years. Davido sign(ed) endorsement deals with: 

• Martell Blue Swift, the world-famous dry gin firm worth multi-million naira in the year 2021.
• Guinness Nigeria in 2013 as a brand ambassador.
• MTN Pulse in 2012.
• Infinix Mobile as a brand ambassador twice in the years 2018 and 202.
• 1Xbet, a multinational betting firm in 202.
• Puma, a sports company, signed a long-term contract with Davido in 2021.
• Pepsi was one of the biggest contracts Davido has signed since 2016, along with Closeup and other Nigerian and foreign brands.

Davido and Wizkd Businesses

Besides music and brand endorsements, Wizkid founded a record label known as Starboy Entertainment and the Starboy pop-up stores. Star Boy Entertainment gave a platform to artists like Mr Eazi, Efya, L.A.X, Maleek Berry, Terry, DJ Tunez, etc.

Wizkid is one of the top 10 richest musicians in Nigeria, and he has several properties.

These properties include: 

• A 13 million naira house in Surulere, Lagos State.
• A huge house in Lekki, Lagos, worth N68 million in Nigeria
• And a luxurious home in Los Angeles, which reportedly cost between $10 million and $15 million.

The Staboy coronar owns a luxurious car collection, which includes the Lamborghini Urus, BMW X6, Porsche Panamera, Bentley Continental GT Speed Convertible, Porsche Cayenne, Mercedes Benz G63 AMG, and Hyundai Sonata.

Davido, though a musician, also ventured into the Entrepreneurial world by founding DMW Records - a record label that has produced popular stars like Mayorkun, Ichaba, Lola Rae, Lil Frosh, Dremo, Yonda, Peruzzi, Idowest, DJ Ecool, Danagog, Liya, Morravey, Logos Olori, and B-Red

Apart from his music deals and being a brand ambassador, Davido sits on the board of directors of Pacific Holdings, a well-established firm in Nigeria that deals with gas supply, venture capital, freight and logistics, warehousing, farming, oil drilling, and other economic sectors.

In addition to his family businesses, the iconic music star has numerous properties to his name, which include:

• A mansion in Lekki and Banana Island, Lagos, worth over $1.5 million in Nigeria.
• Multiple beautiful houses abroad in Atlanta, USA.
• Davido owns numerous luxurious cars, such as the Rolls Royce Cullinan, Lamborghini Huracán, Bentley Bentayga, Chevrolet Camaro GS, Porsche Panamera Turbo S, Range Rover Sport, Audi R8, and Mercedes-AMG GLS63.

Wizkid and Davido: Who is the richest?

As Wizkid's fan base continues to stream his music and buy tickets to his shows, there is no doubt that the talented artist will continue to earn millions of naira for years to come, which is why Wizkid's net worth was $75 million in the year 2024.

Davido has also proved to be one of the biggest musical acts in Nigeria and afrobeats. Davido has amassed wealth from both personal and family businesses, giving Davido an estimated net worth of $90 million.

From the calculated net worth presented in this article, it would be right to say that Davido is richer than Wizkid.

However, both artists, though in the same industry, have diverse revenue streams, substantial investments, successful careers, performances at several shows, personal businesses, and generational wealth.

From Wizkid and Davido's net worth figures, it is safe to say that Davido appears to be $8 million wealthier than Wizkid. Still, the competition or beef between Wizkid and Davido does not seem to end anytime soon. Thus, any of them may gain more advantage over the other in this race to become the biggest the music industry has ever seen — only time will tell.