- Eddy Kenzo turned down a $2–3 million offer from Akon.
- He was concerned about losing control of his music for an unclear period.
- Kenzo chose long-term income and ownership to secure his family’s future.
Music star Eddy Kenzo has shared why he walked away from a lucrative multimillion-dollar offer from Akon to sell his music catalog, choosing long-term security over a quick payday.
Speaking about the deal, Kenzo revealed it was worth between $2 million and $3 million. Under the agreement, Akon would take ownership of his catalog, recover his investment along with profits, and only then return the rights. However, one major concern stood out for Kenzo—the contract didn’t clearly state how long that process would take.
“So whether it took 50 years or more, Akon would remain with my music until he got his money and profits back,” he explained.
For Kenzo, that uncertainty—and the idea of losing control over his own work—was a deal breaker. Despite the tempting figure, he admitted he wasn’t fully confident about how he would manage such a large sum of money in the long run.
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“I wasn’t sure I would use it well,” he said, adding that sudden wealth can sometimes create more problems than solutions.
He also reflected on the experiences of other artists like Tekno, Runtown, Wizkid, and Davido, suggesting that major financial deals or industry changes can sometimes come with unexpected setbacks. According to Kenzo, the pressure that comes with managing large payouts has derailed even well-established careers.
In the end, he chose a more measured path—one that allows him to earn steadily from his music over time while securing a future for his family.
“I’d rather get the little I can, knowing my music will feed my children and grandchildren,” he said.
Kenzo likened the situation to selling a house versus renting it out. While selling brings instant cash, renting offers consistent income over time—a model he believes is far more sustainable in the long run.
