Davido’s Sister Reveals How She Tries to Limit His Luxury Spending

Sharon Ademefun, elder sister of Afrobeats superstar David Adeleke, popularly known as Davido, has opened up about her role as the singer’s financial manager and the measures she takes to monitor his spending.

Ademefun, who serves as the Chief Financial Officer of Davido Music Worldwide, disclosed this while appearing on The Morayo Show, hosted by Morayo Afolabi-Brown.

According to her, she holds weekly financial meetings with Davido to ensure that the singer understands how his money is being spent and to encourage greater financial discipline.

She revealed that she regularly warns her brother against purchasing more luxury cars and expensive jewellery, although her advice does not always prevent him from making such acquisitions.

“Me and Davido sit and have a finance meeting every week because I think it is important for him to know how his money is being spent. I will now say, ‘David, please, no more cars,’” she said.

Ademefun added that despite such conversations, she sometimes discovers that Davido has purchased another luxury item shortly afterwards.

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“No more jewellery. Twenty-four hours later, you know how they normally say it, ‘two to three business days’, I’ll just see on the blogs. This latest car,” she said.

The businesswoman explained that her involvement in Davido’s career dates back to the early stages of his professional journey. She said her current position developed naturally from her previous experience working with the singer as part of his management team.

Ademefun admitted that she and Davido have had disagreements over the years because she is willing to challenge him when necessary.

“The problem is that David and I were always fighting. If other people can’t tell him, me I’ll tell him,” she explained.

She said the two eventually pursued separate professional paths before she returned to help introduce more structure into the singer’s business operations.

When asked about the details of Davido’s wealth, Ademefun declined to disclose specific information, saying she had signed a non-disclosure agreement.

“I’ve signed a non-disclosure agreement! I can’t confirm or deny!” she said.

She also explained that Davido has a management team responsible for his daily logistics. However, she sometimes steps in when attempts to reduce expenses affect his comfort, particularly during travel.

Ademefun also discussed her fashion brand, Body Politics, which caters to women across a wide range of body sizes, from XXS to 5XL.

She said she intends to focus on improving the existing business rather than expanding too rapidly, while planning more pop-ups and increased product availability.