Asake Net Worth 2024: House, Cars, Endorsements, Source of Income

As of 2024 Asake's net worth is estimated to be $2 Million which is over N1.7 Billion Naira.

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SUMMARY OF ASAKE:

Net Worth$2 Million
Real NameOlolade Ahmed
Stage NameAsake
Age 28 years old
Date of Birth13 January, 1995
Place of BirthLagos State, Nigeria 
Current Residence Lekki, Lagos State
NationalityNigerian
Record LabelYBNL, Empire Music

Early Life and Biography

Asake whose real name is Ahmed Ololade was born on January 13, 1995, into a Muslim family in Lagos state.

He then went on to study theatre and performing arts at Obafemi Awolowo University Ile Ife, Osun State where he ignited his passion for music.

We covered Asake’s biography extensively in this article.

Music career and Rise to Fame

A picture of mr money standing to sing

Asake first gained attention in 2020 when his freestyle ‘Lady’ went viral and received praise from influential internet personalities like Broda Shaggi, Sydney Talker, and NastyBlaq. 

However, it was his hit single ‘Omo Ope‘ that propelled him to stardom in 2022.

That same year, he signed with YBNL Nation, Olamide’s record label.

Asake’s debut studio album Mr Money With the Vibe was released under YBNL Record.

The project broke records and topped music charts worldwide, earning him his well-deserved status as one of the best musicians in Nigeria.

Analysis of Asake Net Worth

asake net worth

His net worth is estimated to be $2 Million (1.7 Billion Naira) in 2024, working his way up Nigeria’s wealthiest musicians class.

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.

READ: Don Jazzy Net Worth 2023

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.

a photo of asake performing at the O2 Academy Brixton

3. Features 

Asake’s music is not just about his solo performances. He has mastered the art of collaboration, teaming up with other artists to create hit songs.

His features often lead to mega-hits that trend all across 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. 

One of the most noteworthy music features in his career is the mega-streamed track, “Mr Money.”

The song earned millions of streams and radio plays, topping popular music charts.

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

With Asake’s fans playing his music on various digital streaming platforms, buying tickets for his shows, and requesting radio plays, there is no doubt that the singer has generated millions of naira from his musical career.

asake riding a bicycle

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 posing in his car

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

a photo of asake in front of his 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.” 

Despite the mystery surrounding his wealth, one thing is clear: Asake’s taste for luxury is just as distinctive and unique as his music.

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