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Owning a business is necessary to maintain a luxury lifestyle — D’banj
Nigerian singer and rapper Oladapo Daniel Oyebanjo, stage name ‘D’banj’, has shared his opinion on lifestyle in a recent interview.
The singer explained that maintaining a luxury lifestyle is not possible with earnings from music alone.
In his statement, he mentioned that Ye, and Jay Z are worth a lot of money, but only a fraction of their money can be attributed to music alone, but the rest of their net worth can be attributed to the various businesses they own.
He also added that Nigeria needs to adopt this strategy, and it is inferred that he is referring to the Nigerian music industry.
“I tell people this, music brings you into the room but what you do in that room is entirely up to you”
“So if you’ve read, which I know you have, you see that I’ve been more focused, especially when I became a family man.”
“It’s my sixth year in marriage, and ever since then, I’ve looked for different platforms that would keep my fame and family intact”
“So if you were to Google Jay Z or the wealthiest musicians in the world, you would see that only 10 per cent of their wealth is probably from music.”
“I’m just trying to say that if you look at Kanye as a billionaire, Jay Z is a billionaire, and maybe he got like 100 million from music. The rest are from business and that is what Nigeria needs.”
“I was telling someone we need such a structure and the right merchandise. And then, of course, you can always make music. Music will forever be in me; I’m always going to release music.”
“I won’t say that music is not as profitable, but music alone is not enough to attain that luxury lifestyle that musicians love.” he said.