“Life is all about the money”!
That’s a line from Davido’s song “The Money” with Olamide but if you’ve been listening to Davido’s songs from way when then you know that he doesn’t mind talking about how much money he has or the fact that his father is a billionaire.
Davido knows how to spend money but more importantly he knows how to make money. Everything he does is an investment – from his house in Atlanta to chunky gold chains!
Here are 3 things we learnt from his interview with Fader
If you love Davido’s hit single featuring American rapper Meek Mill as much as we do, then you should know that particular record along set the 23-year-old HKN Label CEO back $200,000.
Using today’s exchange rate (N400 to $1), that would be about N80,000,000. In 2015 it would have been less by a couple million but that’s still a staggering figure. Guess you have to spend money to make money.
That song got him a lot of international buzz and is one of his best singles out there.
In the same interview he also revealed that he averages $50,000 to $70,000 for private appearances on weekends and sometimes he has about 8 private shows a weekend.
$70,000 is N20 Million and multiplied by 8 that is some major cha-ching!
According to him, this has started changing because of the new government and the fact that people don’t want to be seen as too lavish anymore but he still gets at least 2 private gigs every weekend.
Also in the interview he talked about his upcoming album tentatively called “Baddest”. Davido revealed that he has spent more than $1 Million of his personal money in getting the album ready. This will be Davido’s sophomore album and will feature Future and other international artists.
The album will be released by Sony Music but just take a moment to think of how much effort and money Davido has personally poured into this album. We can’t wait to hear it.