Asake Net Worth, Biography, House, Cars, Source of Income

Ahmed Olade professionally known as Asake, is a top-rated Nigerian singer and songwriter known for his unique music style.

With a net worth of $2 Million (1.4 Billion Naira) in 2024, Asake is a testament that hard work and dedication can pay off.

Biography

Ololade Asake was born and raised in a humble Muslim family in the vibrant city of Lagos, on January 13th, 1995.

Growing up in a small neighborhood, he started as a dancer but eventually developed a passion for music.

Asake completed his primary and secondary education in Lagos before moving on to pursue a degree in Theatre and Performing Arts at the Obafemi Awolowo University (OAU), where he graduated with a Bachelor of Arts (B.A) degree.

Asake’s father is Mr Ololade, a Lagos-based businessman while his mother Mrs Ololade is a teacher.

As a way of expressing his affection and admiration towards his mum, he chose to adopt her name “Asake“, as his stage name.

Not much information is available about asake’s siblings currently.

Wife

Although unmarried, Asake is currently dating American model and TV personality, Alexis Skyy.

The couple began dating in 2023.

They were spotted loved up together in Senegal and she also featured as a video vixen in his single ‘Yoga‘.

Children

As of 2023, the singer has not fathered any children.

Music Career and Rise to Fame

Asake’s music career started when he was a teenager. He was a drummer and member of his high school band.

Later, the young star started dancing at Obafemi Awolowo University, Ile Ife, Osun State where he studied Theatre and Performing Arts.

After graduation, the talented singer decided to take his music career seriously, and in 2015, he started music professionally as a backup singer for skit-maker and entertainer Broda Shaggi.

They teamed up in 2019 on the song titled ‘Star’ but the song went mostly unnoticed.

In 2020, Asake released his first song titled ‘Lady‘ which gained widespread recognition.

That same year, Mr Money gained massive popularity for his hit song ‘Omo Ope‘ which earned him millions of streams all around the globe.

The success of this song caught the attention of YBNL record label boss, Olamide who was later introduced to Ololade Asake by Yhemolee.

Asake would then be signed to Olamide’s YBNL Record Label where he released his debut album ‘Mr. Money with the Vibe’. 

Since he rose to fame, Asake has won numerous prestigious awards, including:

• 2020 City People Music Award – Best Collaboration (Mon Cheri ft Ashidapo, Chinko Ekun & Sunkey Daniel)
• 2020 – City People Music Award – Popular Song Of The Year
• 2023 – Headies Awards – Album of the Year.

Sources of Income 

Asake’s income streams are diversified.

He earns money from releasing new music, hosting live performances, music tours, brand endorsements, and features with other artists.

In addition, he receives royalties from his music.

Below, we’ll talk about Mr Money’s sources of income in detail;

1. Endorsement Deals

His fast-growing success in the industry quickly caught the eye of popular brands who offered him impressive endorsement deals.

In 2022, he bagged his first million naira endorsement deal by accepting to work as a brand ambassador for Parimatch, an influential sports brand.

That same year, he signed another major deal with a popular cryptocurrency company, Roqqu Pay worth tens of millions of naira.

2. Live Shows 

As one of Africa’s most highly sought-after musicians, Asake has performed sold-out shows in his home country of Nigeria, as well as in the UK, the US, and various other parts of the world.

His popularity is evidenced by the fact that he sold out the O2 Academy Brixton three times in just two years, making him a lot of money.

According to sources, Asake charges between $50,000 to $150,000 for international shows and less for local shows.

3. Features 

Asake’s music is not just about his solo performances. Features and collaborating with other artists to create hit songs is another vital source of asake’s wealth.

The Afro-pop singer is currently one of the highest-streamed musicians in Nigeria.

In 2022, he dominated the Nigerian music charts with the release of his collaborations with top celebrities like Tiwa Savage, Fireboy DML, Olamide, and more. 

These collaborations not only produce great music but also add extra zeros to his paycheck, from streaming royalties to earnings from live performances. 

Assets

From luxury houses to high-end cars, successful endorsement deals, and personal businesses, Asake’s assets showcase his commitment, creativity, and passion for making exceptional music

Cars

Asake currently owns 2 cars, a Range Rover Velar, which is estimated to be worth over 40 million naira, and a G-wagon AMG valued at $179,000.

Here is a list of Asake’s cars

• Range Rover Velar
• G-wagon AMG G62

House

Asake is the proud owner of a luxurious house in Lagos that costs millions of naira.

In 2022, the singer announced on social media that he had acquired his first house, sharing a photo of himself standing next to the property with the caption:

“went from hustling for free bed space to investing in real estate.”