Multiple award-winning Nigerian singer David Adedeji Adeleke, popularly known as Davido, now ranks 53rd in the 2021 Instagram rich list.

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

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

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

The Guardian reports that the Portuguese is able to command $1.6m (£1.2m) to endorse a product on social media.

He’s followed by Hollywood actor Dwayne Johnson whose cost per post is placed at $1,523,000.