Davido Reveals His Father’s Position On His Money Spending Habit

Davido, the Afrobeats star, has opened up about the influence of Adedeji Adeleke, his father, on his music career.

Speaking at the Forbes Under 30 summit in Botswana on Monday, Davido said he and Adedeji do get into “a lot of arguments” over the way he spends money.

The OBO crooner said his father, who is a business mogul, usually advises him on investments and savings.

He added that Adedeji doesn’t like to see him spend extravagantly on materialistic things.

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“(Showbiz) It’s still business. Sometimes we get into a lot of arguments. You know, showbiz is different from a normal person’s life that is just doing business,” he said.

“Like for example, I might be in Italy and maybe he just sees a caption ‘Oh Davido buys this $300,000 watch’ He will be like ‘Why are you wasting money like that’? I will be like, Dad you won’t understand. We are using it to inspire people. But all in all, it is still business.

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“He still calls me to make sure that I save here, invest there.

“For example, I wanted to rent a penthouse. He advised me, ‘You are wasting money by spending on that (rent). Buy it and use it when you are around.

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“Little advice here and there.

“It took a while for him to really accept the music. But now he has fully accepted it.”

The African edition of Forbes Under 30 started on April 23. It will end on 26.