Nigerian award-winning singer and superstar, Dapo Oyebanjo, professionally known as D’Banj has clarified that making music alone is not enough to sustain the luxury lifestyle of any musician.
According to the singer, every music artiste needs to have other business ventures which will keep them abreast of all the necessities of life, and that of their families.
D’Banj gave an instance, where if you research about the American music moguls like Jay-Z and Kanye West, it’ll be observed that only 10 percent of their income comes from music. Greater percentage of their life earning comes from other businesses.
The afropop star also revealed that as soon as he became a family man years ago, he understood why, as a music star, he needs go into other businesses in order to sustain his family and luxury life.
D’Banj stated this while speaking in a recent interview with Premium Times
He said: “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.”
