Don Jazzy has revealed that his investments in music and other businesses have paid off so well that he no longer needs to work simply to survive.
The Nigerian music executive, whose real name is Michael Collins Ajereh, shared the details of his financial journey during a recent appearance on the On The Grind podcast.
Looking back at his early success in the music industry, Don Jazzy admitted that he did not make the best financial decisions when he first received a substantial amount of money from music.
Rather than investing immediately, he spent lavishly on entertainment, including buying dozens of bottles of champagne and going clubbing.
“The first big money I got from music I lavished it. I bought 50 bottles of champagne and went clubbing,” he recalled.
However, the music producer said he soon realised that he needed to approach money differently if he wanted to build lasting financial security.
He subsequently began investing in businesses, including signing and developing new musical talent.
Those investments, he explained, have generated returns that have given him considerable financial freedom.
“But I quickly coordinated myself and invested in signing new artistes. Now I don’t have to work ever again,” Don Jazzy said.
Beyond sharing his personal experience, the Mavin Records founder used the conversation to encourage young people to think carefully about what they do with their earnings.
He argued that building wealth requires looking beyond immediate enjoyment and putting money into businesses capable of generating long-term returns.
According to him, young people do not necessarily have to establish record labels to follow the same principle. What matters is identifying worthwhile business opportunities and investing rather than spending everything on luxuries.
“You don’t necessarily have to invest in a record label, but the money you are making in your youth, invest it in a lucrative business as opposed to wasting it on frivolities,” he advised.
Don Jazzy’s story highlights a shift from enjoying his early music earnings to prioritising investments and business development.
His experience also reflects the business side of the entertainment industry, where success can extend beyond recording hit songs to building platforms, developing talent and creating additional sources of income.