Davido’s Sister Reveals Why Nepo Babies Are Often Kept on a Budget

Kehinde Adeleye

Sharon Adeleke, sister of Nigerian music star Davido and daughter of billionaire businessman Deji Adeleke, has offered an insight into how children from wealthy families manage money and family wealth.

Sharon said the reality of being a so-called “nepo baby” is different from the perception that children of billionaires and millionaires have unlimited access to cash.

Speaking during a recent episode of The Moraya Show, she said wealthy parents provide their children with significant opportunities, including education, land and other properties, but often expect them to build on those assets and create their own wealth.

“A lot of Nepo babies don’t really have access to cash the way you guys make it seem. They have more than the average person, but they are always on a budget,” she said.

According to Sharon, while school fees may be paid and children may receive properties from their parents, they are expected to put such assets to productive use.

“Your school fees are paid, you are given land and properties, but you have to make use of them,” she added.

Sharon also disclosed that she holds regular financial meetings with Davido to monitor his spending and help him keep track of how his money is being used.

“Me and Davido would sit and have a finance meeting every week because I think it is important for him to know how his money is being spent,” she said.

She further revealed that she has advised the singer to reduce his spending on luxury cars.

Davido has been known for his collection of expensive automobiles and recently disclosed during a livestream with streamer Davrel that he paid $11 million for a custom-made Bugatti, which he said is expected to be delivered to Nigeria.

Sharon’s comments have sparked discussion about the difference between inherited wealth, access to family assets and personal financial independence among children of wealthy families.