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Sharon Adeleke, the sister of music star Davido and daughter of billionaire businessman Deji Adeleke, has explained that children from wealthy families do not have unrestricted access to cash as many Nigerians assume.

Speaking during a recent episode of The Moraya Show, Sharon said children of millionaires and billionaires enjoy more financial advantages than the average person but are still expected to operate within budgets.

She explained that such children may receive valuable assets, including land and properties, from their parents but are often expected to turn those assets into sources of personal income.

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

Sharon also spoke about how she helps her younger brother, Davido, manage his finances.

She disclosed that she holds weekly financial meetings with the singer to review his spending and monitor 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.

According to Sharon, she has also encouraged the singer to reduce his spending on expensive automobiles and reconsider further purchases of luxury cars.

Davido recently revealed during a livestream with streamer Davrel that he had spent $11 million on a customised Bugatti.

The singer said the vehicle is expected to be delivered to Nigeria soon.

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