Nigerian singer and savvy businessman, Oluwatosin Ajibade popularly known as Mr Eazi has left many hailing him over his latest acquisition.
The singer has sold his portfolio company, Vydia of his venture capital fund, Zagadat Capital, for $1 billion.
The $ 1 billion takeover was led by former Apple executive Larry Jackson through his newly founded multi-faceted company – gamma. Apple and Eldridge Industries and A24 are also listed as some of its investors.
The young VC fund announced its first exit after Gamma acquired its portfolio company Vydia; which has previously worked with artists including Akon, Kanye West, Mr. Eazi, and Anuel.
The deal is the biggest in the history of Afrobeats.
Following the news, many have taken to social media to hail the singer for his silent moves.
One Contract Melody wrote, “If this is true, then son-in-law net-worth don pass father-in-law own. Everyone can now rest and understand he got the love, not the father’s money
One Alahaja Armani wrote, “Talk about money moves! Nice! If you hang out around billionaires you would become one too!
One Abukar Tss wrote, “The smartest celebrity in Nigeria. Making money in a low
One Balling wrote, “Working silently, making big moves
One Olobadagzy wrote, “You can’t be dating a billionaire daughter and you will not be motivated to get rich. Otedola’s way
One Paul Agram questioned if the singer is now richer than his senior colleagues, Davido and Burna Boy, he wrote, “So he’s richer than Davido and Burna Boy. Wizkid net worth is $8b
This isn’t surprising as last year, Mr. Eazi gifted his colleague a million-dollar contract.
