Is Asake A Millionaire? The Singer’s Net Worth By Forbes In 2023; Cars, House, Prove He’s ‘Mr. Money Man’

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Born to a businessman and a teacher, Nigerian singer Asake has made an impressive net worth over the years since he gained fame. How rich is he right now?

Asake is a rising singer-songwriter from Nigeria. He gained public attention for his 2020 hit Lady. He is also famous for his songs, including Omo Ope, Palazzo, Mr Money, and Peace Be Unto.

Asake has been in the music industry since 2018. His music career was inspired by Nigeria’s most famous artists, such as Wizkid, Olamide, and Davido. He released his debut studio album, titled Mr. Money with the Vibe, in September 2022. The singer is currently signed to YBNL Nation and Empire Distribution.

Outside of his music career, he has gained a huge following across social media platforms. On Twitter, he has over 400K followers, and on Instagram, he has close to 3 million followers.

He has recently embarked on a World tour reaching a wide audience which will go a long way to boost his career.

Since he’s now famous and regarded among the most successful musicians in Nigeria, a lot of his fans are curious to know how much music is paying him and more about his finances. So, how rich is Asake right now?

Fortune Summary

Celebrated Name:Asake
Net Worth:$1.5 million
Source of Wealth:Music
Profession:Singer, songwriter
Record Label:YBNL Nation and Empire Distribution
Current Residence:Lagos, Nigeria
Cars:More than 2

What is Asake’s net worth?

Asake is a Nigerian Afrobeats singer and songwriter. He is signed to YBNL Nation and Empire Distribution.

The singer was born with the real name Ahmed Ololade. He is of the Yoruba tribe. His stage name pays homage to his mother, whose first name is Asake. Àshàké/Asake is a female name of Yoruba Oriki origin which means a daughter who is chosen to be cherished and pampered.

Although the singer has been private about his personal and family life, his Muslim parents whose names are not known made sure they gave him a life. Asake’s father is a Lagos-based businessman, while his mother is a former teacher.

So, how much is Asake worth right now? The rising Nigerian singer has an alleged net worth of between $1.2 million and $1.5 million. He primarily earns his income from his music career, and mainly through endorsements, partnerships, and other ventures connected to his career.

He makes the majority of his money from wide tours. He has performed in countries like London, Manchester, the United States, and Ghana, and plans to reach a larger audience in the coming years.

Sadly, his recent tour on Thursday (Dec. 16) at London’s O2 Academy Brixton led to a number of people being injured including four who were taken to hospital with what were described as critical injuries, during a crowd stampede.

His tour tickets range from 3 million naira to 10 million naira. The VIP ticket costs 70,000, per Businessday.

How much does Asake charge for a show? The fee to book Asake is in the starting range of $7,500-$14,999. Also, their speaking fee might be different than the fee shown for the cost to perform or to just appear. Popularity, career stage, along with current demand will cause fluctuations in their speaking price as well.

Asake’s music success has got him a house and a number of cars

The entertainer currently lives in the capital of Nigeria, Lagos. Due to his popularity and the widespread of his music, he is now a homeowner and has a number of assets.

Earlier in August 2022, the Afropop singer took to his Instagram page to share a picture of his newly acquired property, a new duplex in Lagos, Nigeria, which is worth millions of Naira.

Since becoming a wealthy musician, Asake has also bought luxury cars. Some of the cars the artiste has been spotted with include Land Rover Range and the latest Range Rover SUVs that cost from 40 million Naira upwards, per Carmart.

Asake has had an impressive career since he met Olamide signed onto his record label

Asake is a Nigerian Afrobeat singer and songwriter. He began his career as a dancer specialising in cultural dance while in high school. He was also a drummer and a member of his high school’s musical band.

Asake professionally began creating music in 2015, fusing elements of Hip Hop, RnB, Afrobeat, and Fuji to form his sound. He later became a backup singer in Nigerian comedian and singer Broda Shaggi’s band and collaborated on the song Star in 2019.

The singer rose to stardom after releasing his hit single Lady in 2020. He also gained further recognition for the single Mr. Money, followed by a remix with Zlatan and Peruzzi. In February 2022, he released his debut extended play, Ololade. The EP’s lead single, Omo Ope, featured Nigerian superstar Olamide and became Asake’s biggest hit.

On 8 September 2022, he released his debut studio album Mr. Money with the Vibe. The album included the hit singles Terminator, Peace Be Unto You, and the Sungba remix featuring Burna Boy.

Since the beginning of his career, the Afrobeat musician has won a number of awards and recognition, including The City People Music Award for Best Collabo of the Year 2020 and the City People Music Award for Popular Song of the Year 2020. He is signed to YBNL Nation record label and Empire Distribution since 2022.

How did Asake meet Olamide? Asake disclosed that Olamide finally responded when he dropped his hit song ‘Omo Ope’. He stated that Olamide just gave him a call and demanded that they meet and when he arrived, Baddo simply asked if he would like to join the family.

Below is a list of some of his songs:

  • Omo Ope
  • Yan Yan
  • Don’t Hype Me
  • Mr Money
  • Peace Be Unto You
  • Body
  • Ototo
  • Dull
  • Lady
  • African Something
  • Kanipe
  • Joha
  • Ayeeza