Don Jazzy’s net worth is estimated at $10 million as of 2024. He primarily made his wealth from his career in the music business, working as a music producer and singer before diversifying his portfolio.
The Mavin Records boss and co-founder of the now-defunct Mo’Hits Records rose to prominence in the 2000s as a music producer and became a force to be reckoned with. He has lasted for 20 years in the Nigerian music industry and does not look to be stopping anytime soon. This has led to his massive net worth and made him one of Nigeria’s richest musicians.
The net worth of the Ajegunle-raised Don Jazzy is said to be $10 million. This is according to the most popular opinion on the internet. However, this amount is countered by some sources with the claim that the producer may be worth as high as $25 million.
However, since he has not come out to accept or refute any claim as regards his wealth, all the internet has is only speculation based on his career success, his endorsement deals worth multi-million Naira, as well as several business lines.
Before Don Jazzy took to music professionally, he served as a security guard at McDonald’s in the United Kingdom. Prior to that, he found interest in music at the age of 12 and started exploring musical instruments such as the bass guitar and piano.
By the time he was 18 in 2000, the young man moved to London with his uncle and started playing drums at a local church. It didn’t take time before he was able to make a career out of it.
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Don Jazzy made a move to become a businessman and at the same time, a music producer through Mo’Hits Records. He founded the company with D’Banj who was also the first artist to be signed to the label.
With the record label, he also served as the CEO/President and became responsible for producing some of Nigeria’s biggest hits in the 2000s and the early 2010s. Jazzy attracted both wealth and fame through the production of several songs and albums, including No Long Thing, Rundown, and The Entertainer (D’Banj, 2005, 2006, and 2008); Mushin2Mohits (Wande Coal, 2009), and Turning Point (Dr Sid, 2010).
The label further saw the rise of Don Jazzy’s brother D’Prince as well as another singer named Kayswitch ‘D Produkt’. In 2011, Jazzy was said to have landed a record deal with Kanye West’s G.O.O.D music as a producer. With the label, he worked with Jay-Z, Kanye West, and Beyonce to produce Lift Off (2011) alongside other producers such as Bhasker, Mike Dean, Pharell, Q-Tip, and West.
A year later, after recording huge success with Mo’Hits for about 8 years, the group disbanded in March 2012.
Two months after Mo’Hits reached its end, Mavin Records started in May 2012. The label is responsible for bringing to the limelight some of Nigeria’s most influential artists, including Reekado Banks, Tiwa Savage, Korede Bello, Di’Ja, Johnny Drille, Ayra Starr, Ladipoe, D’Prince, and Dr Sid.
The production company is said to have about 100 employees with Altims and Baby Fresh working alongside the Don as producers.
Apart from having its own signed artist, Mavin is also a distributor of Jonzing World, a record label owned by Jazzy’s brother D’Prince. It is through Jonzing that Mavin is affiliated with Rema, one of the fastest-rising artists whose debut EP “Rema” peaked at number 1 on Apple Music Nigeria.
In 2019, the label landed a multi-million dollar investment from Kupanda Holdings – a joint venture between Kupanda Capital and TBG Growth. Based on reports, the Michael Collins Ajereh-owned Mavin Records is said to be worth about $45 million. This would land it a spot on the list of the richest record labels in Nigeria.
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In 2012, the 41 year-old appeared in The Last 3 Digits. The film was directed by Nollywood’s Moses Inswang and also featured stars such as Nonso Diobi, Dr Sid, and Ali Baba.
In recent times, he has taken to comedy and mostly shares his skits on Instagram and TikTok. Although there is barely any knowledge as to how much the star has earned in his acting career, there is no doubt that it has increased his fame and may have added to his $10 million net worth.
Don Jazzy is a businessman who founded Mavin Global Holdings. Under the company, several other businesses have come forth, including Mavin Records. Here are the other businesses under the holdings:
In 2013, the artist reportedly went hunting for models to launch his clothing line, Mavin Clothing Line Ltd. under the Mavin Global Holdings. The line is said to produce unisex clothing apparel. Regardless, there is barely any available information about the business venture.
Don Jazzy and his brother D’Prince founded Mavin Energy Limited in 2012 in Lagos State, Nigeria. The brothers serve as directors of the company that is reportedly aimed at providing the public with gas, diesel, kerosene, petrol, and diesel among other petroleum products. In addition, the company provides 24 hours services and has the option of delivering its products to houses and firms to mention a few.
While the track record of the company in terms of how much wealth it may have gathered Jazzy is not available, the line of business is one that has turned many Nigerians such as Otedola, Folorunsho Alakija, and E-Money into some richest people in the country. It is also the line of business (oil refinery) that the richest black man Dangote is venturing into.
Based on recordings that rally around media, Michael Collins Ajereh is an owner of a real estate business named Mavin Real Estate Inc. The company supposedly offers services when it comes to purchasing or renting real estate property.
This company also owned by Don Jazzy is saddled with the responsibility of producing visual works, including those of his music. At present, it recorded a short video, Liza featuring Johnny Drille, as a soon-to-be priest and Don Jazzy as a bishop.
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He signed an endorsement deal with Loya Milk in 2012 that is purportedly worth 40 million Naira. The product maintains a position as one of the biggest milk companies in Nigeria and it is a subsidiary of the South Africa-based Promasidor Holdings.
It was in 2013 that the deep-voiced Don Jazzy signed an MTN endorsement deal believed to be worth about 25 million. After the first deal expired, the producer signed another deal with the telco worth about 40 million.
Samsung, a giant tech company, made Don Jazzy its ambassador in 2013. This happened shortly after he fell apart with D’Banj and started Mavin Records. The deal came at the time when the brand launched the Built for Africa Campaign.
The deal is speculated to be worth around 110 million. Other ambassadors in Nigeria include Dakore Egbuson-Akande, Teni, and JoeBoy.
This deal reached the son of Collins Enebeli in 2015 alongside the former Mavin signee, Tiwa Savage. The music stars took to social media to announce they’re being part of the internet shopping brand. The deal reportedly added 15 million to the wealth of Don Jazzy which amounts to the Don Jazzy net worth of $10 million.
In 2020, it became known that Jazzy signed an endorsement deal with Glo, one of the leading communication companies in Nigeria. He signed the deal alongside a number of well-established artists, including Teni.
By the fall of the same year, he became an ambassador of the company and appeared alongside heavyweight boxer Anthony Joshua in an advert.
It is a multinational financial broker that was founded in Hong Kong in 1990. The company signed Jazzy as its Africa ambassador in 2020. The artist has appeared in many campaigns of the company, including that which will allow people who participate in its promotion win cars and cash.
According to online sources, Don Jazzy owns not less than 4 cars including:
This car is said one of the cars of the producer and business owner. It is said to be worth more than 20 million. The luxurious car is manufactured by an American automobile firm and has features that encompass a flex-fuel mp3 player, sunproof, power liftgate, backup camera, and heated driver seat among others.
The luxury high-performance car that is worth 70 million in estimation was assembled in the United Kingdom and is said to be owned by one of Nigeria’s best producers, Jazzy. It also made a name as the first car released under Volkswagen AG management – a German multinational automotive manufacturer.
One of the cars supposedly owned by Don is a Range Rover Sports. The Land Rover car is an SUV with four-wheel drive and is said to be worth between 66 to 90 million.
When the native of Delta State acquired the G-Wagon, he made it known to the public through social media. The brand new car is worth about 60 million and above in Nigeria.
The multi-award-winning producer owns a number of houses in different locations across Lagos State. Don Jazzy is believed to have houses in Lekki and Banana Island. His mansion in Banana Island is reportedly worth about 150 million. The artist dubbed his Lekki mansion the Lekki Office. It purportedly contains 8 houses and contains many things that he needs in terms of his job and comfort.
The Lekki mansion may be worth 160,000,000 at the annual mortgage of 9 million. Also, another house of Don Jazzy in Lagos is located in Nicon Town.
One of the most notable ways that Jazzy does philanthropy is through social media where he allows his fans to win cash prizes and free airtime to mention a few. Regardless of this, he still finds a way to contribute his quota to society through organizations and individuals.
One of his donations that are widely remembered is when he donated 2 million Naira to a said University of Lagos law graduate who has gone down with a type of cancer known as malignant sarcoma.
Also in 2021, he paid 1.5 million to help a number of young Nigerians to learn the art of coding through an alleged expert. In addition to this, he was said to have started a crowdfunding space online called Sapio Funds. The crowdfunding was said to have started in 2021 when he took to his Instagram to make the announcement while also ready to spend 1 million Naira on 10 of his fans who could post their projects and get 100,000.
His giving spirit has also led to his contribution to his colleagues such as Davido. He sent $11,000 (about 4.5 million) to the Assurance singer in November 2021 after Davido posted his account number.
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