Davido is placed 53rd on Instagram’s rich list.

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Davido is placed 53rd on Instagram's rich list.

Davido, a multi-award-winning Nigerian artist, has been placed 53rd on Instagram’s rich list for 2021.

According to Hopper HQ, the singer’s Instagram account, which has 20,408,979 followers, costs $128,300 every post (N52,805,714.00).

Other Nigerians on the list include singer Yemi Alade, who is ranked 67th (N36,260,198.00), actress Funke Akindele Bello, who is ranked 70th (N34,408,088.00), singer Tiwa Savage, who is ranked 74th (N32,350,188.00), and Star Boy Wizkid, who is ranked 79th (N32,350,188.00) (N31,691,660.00).

Cristiano Ronaldo, a Juventus player, tops the list with 295,984,958 followers and a cost per post of $1,604,000.

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According to the Guardian, the Portuguese may command $1.6 million (£1.2 million) to endorse a product on social media.

He is followed by Hollywood actor Dwayne Johnson, who has a cost per post of $1,523,000.

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