My dad made his first million when he was 23 – Davido

Abdullateef Fowewe

Afrobeat icon, David Adeleke, alias Davido, has disclosed that his father, Deji Adeleke, became a millionaire at 23 and heads a major energy firm.

In a recent episode of the American podcast Bagfuel Brigade, Davido revealed that his father’s company produces around 18% of West Africa’s electricity, which is supplied directly to government agencies for distribution.

He said, “My Dad made his first million like 23. Right now, we supply about 18% of the whole electricity in West Africa.

“He sells the power we generate to the government, because the government has the authority to distribute. Ours is just to generate it and the government decides what to do with it.”

Recall that Adeleke disclosed in October 2024 that his power company is responsible for generating approximately 15% of Nigeria’s electricity, a feat achieved with the support of Chinese engineering partners.