How I manage Davido’s wealth, limit his luxury spending – Sister
Davido’s elder sister, Sharon Ademefun, reveals how she manages the Afrobeats star’s finances and tries to curb his luxury spending on items like cars. Read More: https://punchng.com/how-i-manage-davidos-wealth-limit-his-luxury-spending-sister/
Sharon Ademefun, the elder sister of Afrobeats star Davido, has shared insights into how she manages her brother's finances and restricts his spending on luxury items. Ademefun serves as the Chief Financial Officer of Davido Music Worldwide (DMW) and conducts regular financial reviews with Davido to ensure fiscal discipline. During an appearance on The Morayo Show, Ademefun explained that the weekly finance meetings are crucial for Davido to understand how his money is being spent.
She stated, "I will now say, 'David, please, no more cars.'" Despite her warnings, Davido occasionally still acquires luxury cars and new jewelry within 24 hours. Ademefun also revealed that she has been involved in Davido's career since its early stages, noting that their professional relationship evolved naturally from her previous role in his management team.
She acknowledged that disagreements often arose between them, with Ademefun being candid in challenging her brother when necessary. Ademefun signed a non-disclosure agreement when asked about her knowledge of Davido's wealth, confirming she cannot confirm or deny any details. In addition to her financial responsibilities, Ademefun runs a clothing line called Body Politics, which caters to women of various body sizes.
She expressed a cautious approach to expanding the business quickly, emphasizing her focus on enhancing her current offerings.
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