𝐌𝐔𝐒𝐈𝐂 𝐋𝐎𝐕𝐄𝐑𝐒!! Is Mr Eazi Now Richer Than Wizkid, Davido, Burna Boy And The Richest Artist In Africa? » Naijaloaded

In a historic transfer for the Afrobeats music business, Nigerian singer and enterprise mogul, Oluwatosin Ajibade, popularly often called Mr Eazi, has offered Vydia, the portfolio firm of his enterprise capital fund, Zagadat Capital, for a staggering $1 billion.

The digital audio and video distribution infrastructure firm was acquired by Gamma, a music and know-how agency owned by former Apple Music Executive, Larry Jackson.

This acquisition has set a brand new document for the biggest deal within the historical past of Afrobeats, and it marks a major milestone for the music business in Africa.

Mr Eazi has been a number one determine within the progress and world recognition of Afrobeats, which has change into more and more well-liked worldwide over the previous decade.

Mr Eazi, who can be the proprietor of the music distribution platform emPawa, has been an lively investor within the African know-how ecosystem by means of his enterprise capital fund, Zagadat Capital. The sale of Vydia is a major win for Mr Eazi and his crew, because it showcases their skill to establish and spend money on high-growth corporations within the music and leisure house.

In a press release, Larry Jackson, the proprietor of Gamma, praised Vydia for epitomising the imaginative and prescient of Gamma as an concepts firm. He added that the acquisition of Vydia will permit Gamma to develop its choices and supply a extra complete suite of companies to artists and creators worldwide.

The query on many individuals’s minds is whether or not Mr Eazi is now the richest artist in Africa.