There’s no denying that Davido is one of today’s biggest global artists.
In December 2022, the Afrobeats superstar was one of the featured artists to perform at the FIFA World Cup Qatar 2022, where millions from across the world tuned in.
However, since the early 2010s, Davido has created back-to-back hits and grown a massive following while balancing being a businessman and musician.
What’s more, his work ethic stems from his family of business owners including his father Adedeji Adeleke. Adeleke is known as a Nigerian billionaire who is the CEO of Pacific Holdings Limited and president of Adeleke University.
During an interview with Earn Your Leisure in 2021, Davido shared the background story of how his father started his company and built his wealth.
“My dad does power plants,” Davido explained to hosts Rashad Bilal and Troy Millings. “He generates energy. And my dad he’s all about the private sector.”
@earnyourleisure Davido talks about his billionaire family, music, and business on Episode 162 of Earn Your Leisure. Out now. #nigeria #africa #davido ♬ original sound – Earn Your Leisure
“You know what my dad always says? ‘No matter what, pay back your debts,'” he added during the course of the interview. “It’s one thing I’ve learned from him because with these power plants, everybody thought he was crazy. They’re like, ‘What? You’re using your own hard-earned money? Because you can just go get a loan, build it and then pay loans back.’ But he took a risk and invested his own money knowing that electricity is going to be the next wave.”
While Davido has created his own wealth separate from his already successful family, at the time of the interview, he shared that he wanted to be more heavily involved in his father’s lucrative business once he steps away from music in the future.
“Definitely. I want to do that right now ‘cause he’s going crazy. I’m like, ‘Yo dad, let me get a couple of hours in man.’ And he’s like, ‘Nah man, do your show.’”
“I could go and sit there and I’ll probably make a million dollars a month but it’s like I want to offer a service to his business which can spread to other things,” he continued. “Those are the kinds of things he wants to hear. I do definitely think of after a while he’s going to need help with the business.”