Asake Biography, Net Worth, And Career – From Lagos Hustle To Global Afrobeats

How far my people! If you’ve been following the Naija music scene, then you already know one name that has refused to leave our speakers: Asake, a.k.a Mr. Money. From dropping skits and dance routines back in uni to dominating Billboard charts, shutting down the O2 Arena, and collecting Grammy nominations, Asake’s journey is one that inspires every Nigerian youth with dreams of greatness.

In this post, we’ll explore Asake’s biography, career journey, and net worth, plus how this Lagos-born talent became a global Afrobeats superstar.

So grab your malt or chilled zobo, relax, and let’s gist.

Early Life and Background

Real Name: Ahmed Ololade

Stage Name: Asake (a nickname inspired by his mum’s name)

Date of Birth: January 13, 1995 (Age 30 in 2025)

State of Origin: Lagos State, Nigeria

Asake grew up in a Yoruba Muslim household. His dad worked as a businessman, while his mum was a teacher. From an early age, music and dance were part of his identity. Unlike many who stumbled into music later, Asake was deeply rooted in performance from day one.

He studied Theatre and Performing Arts at Obafemi Awolowo University (OAU), Ile-Ife. That training gave him the confidence, charisma, and stagecraft we see today.

But before fame, Asake was like every hustling Naija youthstruggling, dropping content online, and hoping for a breakthrough.

Career Journey – From Hustle to Stardom

The Early Hustle (2018–2020)

Before the fame, Asake dabbled in dance and skits. He worked closely with comedian Broda Shaggi, often featuring in his comedy skits while also pushing his music.

In 2020, his single “Lady” went viral after it got amplified by influencers like Tunde Ednut and Sydney Talker. That buzz opened doors.

Later that year, he released “Mr. Money”, which became a street anthem and earned him the nickname that still follows him today.

Breakthrough with YBNL (2022)

In February 2022, Asake signed with Olamide’s YBNL Nation, a move that changed everything. With Olamide’s mentorship, Asake went from underground talent to full-blown superstar.

That same month, he dropped his debut EP Ololade Asake, featuring hits like:

•Omo Ope (ft. Olamide)

•Sungba (later remixed with Burna Boy)

These tracks dominated Nigerian airwaves and introduced Asake as the new voice of Afrobeats.

Mr. Money With the Vibe (2022)

By September 2022, Asake dropped his debut album Mr. Money With the Vibe, which was a massive success:

Debuted at #66 on the Billboard 200, the highest for a Nigerian debut at the time.

Broke Apple Music Nigeria streaming records.

Produced hits like Terminator, Organise, and Peace Be Unto You (PBUY).

With his blend of amapiano, Fuji, and street-hop, Asake brought a fresh sound that Nigerians and the world couldn’t ignore.

Work of Art and Grammy Buzz (2023)

In June 2023, Asake released his sophomore album Work of Art. Once again, it debuted at #66 on the Billboard 200, showing consistency.

The standout single “Amapiano” (ft. Olamide) not only topped Nigerian charts but also earned a Grammy nomination for Best African Music Performance in 2024.

Asake also made history by selling out the O2 Arena in London, entering the stage in a helicopter,proper superstar entrance!

Global Superstar Status – Lungu Boy (2024)

Asake’s third album, Lungu Boy, dropped in August 2024 and made history as the longest-running #1 album in Nigeria.

The project featured collaborations with international stars like Travis Scott, Wizkid, Stormzy, Central Cee, and Ludmilla. He even launched his world tour, performing in arenas like Madison Square Garden.

By now, Asake wasn’t just “Mr. Money”—he was a global Afrobeats ambassador.

Asake’s Musical Style

•Asake’s sound is unique because he fuses:

•Amapiano (South African dance music)

•Fuji & Apala elements

•Afrobeat rhythms

•Street-hop lingo

He sings mostly in Yoruba, Pidgin, and English, making his sound both authentic and relatable.

His music resonates with Nigerians because it captures the hustle spirit, street vibes, and joy of survival.

Net Worth – How Rich Is Asake?

As of 2025, Asake’s net worth is estimated at $5 million – $7 million.

Sources of Income:

•Streaming Royalties: His songs dominate Spotify, Apple Music, Boomplay, and Audiomack.

•Concerts & Tours: Sold-out arenas globally; international shows fetch between $50k–$150k per performance.

•Endorsements: Deals with Parimatch, Roqqu Pay, and other brands.

•Real Estate & Assets: Owns a mansion in Lagos and luxury cars (Range Rover Velar, Mercedes Benz G-Wagon, etc.).

•Merchandise & Lifestyle Brand: Asake Gang clothing line and other ventures.

For someone who just hit mainstream in 2020, this level of wealth shows how quickly Afrobeats is changing lives.

EPs:

•Ololade Asake (2022)

Albums:

•Mr. Money With the Vibe (2022)

•Work of Art (2023)

•Lungu Boy (2024)

Hit Singles:

•Lady (2020)

•Mr. Money (2020)

•Omo Ope (2022)

•Sungba + Remix (2022)

•Terminator (2022)

•Organise (2022)

•Amapiano (2023)

•Lonely at the Top (2023)

Awards and Recognition

•Headies Awards – Next Rated, Album of the Year

•MOBO Awards – Best African Act

•Grammy Nominee – Best African Music Performance (2024)

•BET Awards – Nominated multiple times

•Sold-Out Venues – O2 Arena, Barclays Center, MSG

Asake is currently one of the most decorated young artists in Nigeria.

What is Asake’s real name?

Ahmed Ololade.

How old is Asake?

Born January 13, 1995—he is 30 years old in 2025.

What is Asake’s net worth?

Between $5 million and $7 million as of 2025.

Which label is Asake signed to?

YBNL Nation, with distribution via Empire.

What was Asake’s first hit song?

Lady (2020), followed by Mr. Money.

Has Asake won a Grammy?

Not yet, but he’s been nominated.

What makes Asake’s music special?

His fusion of amapiano, fuji, and Afrobeat gives him a distinct Naija street vibe.

Conclusion

From Lagos streets to global stages, Asake is living proof of the Naija dream. In just a few years, he’s gone from hustling for recognition to breaking international records, earning millions, and pushing Afrobeats further into the global spotlight.

For Nigerian youths, Asake’s journey is a reminder that consistency, hustle, and originality can take you from “Mr. Money no dey waste time” to selling out arenas worldwide.Naija music is global now,and Asake is right at the center of it.Over to you, what’s your favorite Asake jam? Drop it in the comments and let’s keep celebrating our Afrobeats stars!