TOP FOUR BILLIONAIRE FATHERS OF NIGERIAN ARTISTES

The major perception is that our celebrity artistes are very rich. They drive flashy cars, live in high-priced homes, wear expensive jewelry and top designers and live the life.

For many of these artistes, they may accrue millions from their entertainment inclined careers, but almost like a Yoruba adage goes, it may never be as much as the net worth of their affluent fathers, because their fathers wealth runs into the billionaire status.

Here I have the top 4 billionaire fathers of active Nigerian artistes

Number 1 on our list is the father to female Disc Jockey, and now also singer, DJ Cuppy and her singer-sister Tolani. Yup, the billion naira man himself, Femi Otedola.

Papa Cups is the controlling shareholder of Forte Oil, and with a net worth of $1.8b in 2016, he featured in the 2016 ranking of Forbes billionaires. He may still be in the process of recovery after his net value dropped within the period of just a few days in November 2018 from 1.8bn to 550 million dollars, but he’s still in the ranks of one of Nigeria’s richest men.

Mr Otedola is a chilled laid back fun lover that loves to travel and spend time with his family. He owns a fleet of luxury cars and has a sleek, custom-made yacht in the Victoria Island lagoon., reportedly worth $19.5-million. 

2) Former Starboy L.A.X is more known for his ability to drop back to back hits, than being the son of a business mogul, but that’s exactly who he is. 

 His father, Taiwo Afolabi, is the CEO of Sifax group, one of Nigeria's leading companies with investments in oil and gas, haulage, aviation and logistics, but more known for its exploits in the maritime and shipping business.  

Described as brilliant and kind, the shrewd businessman and philanthropist is a lawyer, and a Fellow of the Nigeria Institute of Financial Management and the Institute of Freight Forwarders of Nigeria.

3) What’s Up Utunu? Rapper and Syndik8 records boss, Lynxxx, is the only son of the former governor of old Bendel state and first deputy governor of Delta state, Chief John Edozien. 

According to his bloomberg profile, Chief John Edozien was the Group Managing Director/CEO of Afribank Nigeria Plc as well as Chairman of Afribank International Limited (Merchant Bankers) from 1993 to 1999. He is the Chairman of a number of Nigerian companies such as Jenkyns Consult Nigeria Limited and Mercedes Benz Automobile Services Limited, and also holds other directorate positions in several companies. That’s top popping.

4) And finally on this list is the B.O in the OBO, Davido’s dad, astute business man and investor, Adedeji Adeleke. 

The reknown Baba Olowo is a billionaire, a business magnate, the CEO of Pacific Holdings Limited - umbrella to Pacific drilling company limited, Pacific Farms Limited, Intertrade Warehousing Limited, Junior Ventures Limited, Pacific Freightliners Limted, Pacific Gas Company Limited and Pacific Energy Company Limited with acquisitions  Omotosho Electric Energy and Olorunsogo electric energy. 

He is also the co-founder and president of Adeleke University. He is ridiculously rich and although a philanthropist and devout Christian, he is also a strict disciplinarian. He owns his own private jet and was recently reported to be worth $700m, a figure Davido doesn’t entirely agree with

His father, Davido’s grandfather, Chief Adebayo Adeleke, was the brain behind the creation of the popular mega island, Banana Island, and that business-drive was passed to Dr Deji Adeleke and now his children.

And that’s where we wrap things up. Money is sweet!