A number one monetary professional, identified for dissecting celebrities' monetary choices, lately criticized Wizkid's buy of a Naira Ferrari price 1.4 billion, terming it an extravagant and pointless expense. The professional instructed that Wizkid ought to have invested the numerous quantity in ventures with extra impression, equivalent to constructing a stadium in Nigeria or making smart monetary investments.
This monetary commentator had beforehand focused rapper Phyno in September and suggested him to promote his newly acquired home. Regardless of widespread congratulations following Phyno's buy of a number of terrace homes, the monetary professional argued that investing in actual property, and particularly shopping for a home, might not yield fast returns. He beneficial spending cash on Phyno's music profession, emphasizing the potential for quicker returns by new album releases, live performance income and endorsements.
The identical monetary professional, whose important views on celeb funds have attracted consideration, prolonged his investigation into Wizkid's current buy of a luxurious automotive. He urged Wizkid to think about promoting the Ferrari and spending the cash on ventures with extra substantial long-term advantages or instant returns on funding.
Including to the discourse, Kemi Filani reported a current growth the place a automotive Instagram web page displaying a automotive allegedly bought by Wizkid, price a whopping 4.4 billion Naira. The Instagram submit, tagged with Wizkid, sparked rumors of the artist's involvement, though Wizkid has not formally addressed the hypothesis or commented on the brand new luxurious automotive.
These monetary analyzes and critiques proceed to spark debate concerning the fiscal duty of celebrities and the alternatives they make in managing their wealth.
