That 30bn in the account must be gradually dropping off.
Davido loves showing off his wealth and he recently decided to do so once again, purchasing the newly released iPhone XS for every member of his label.
Davido runs the Davido Music Worldwide (DMW) label and decided to reward every artist signed to it.
DMW is home to artists such as Idowest, Dremo, Mayorkun and others.
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The singer posted the newly purchased phones on his Snap, captioning the post: “newly purchased iPhones for the Gang!”.
The singer recently announced the purchase of a private jet and seems to be living the good life with his billions.