OVO, an acronym for “Oil Vendetta Inc.,” was founded in 2012 by Toronto-based rapper and entrepreneur, Drake. The record label and music production company was established as an independent venture, marking Drake’s entry into the music industry beyond his successful rap career. Initially, OVO was a record label focused on nurturing local talent in the Toronto area, with Drake serving as the flagship artist.

Drake’s meteoric rise to fame in the late 2000s and early 2010s laid the groundwork for OVO’s success. His debut album, “Thank Me Later,” released in 2010, debuted at number one on the US Billboard 200, solidifying his status as a rap superstar. Leveraging his influence and popularity, Drake used OVO as a platform to launch the careers of other artists, such as PartyNextDoor, Majid Jordan, and Roy Wood$. The label’s first major success came in 2015 with the release of Drake’s fourth studio album, “Views,” which broke numerous streaming records and became one of the best-selling albums of all time.

Ovo’s Current Net Worth (as of 2025)

As of 2025, Ovo’s current net worth is estimated to be around $1 billion, according to the latest available information.

Career

Ovo, born as Olivia Nwokafor, is a Nigerian singer, songwriter, and record producer. She gained recognition in 2016 with her hit single “Amor Mi,” and has since released several successful albums and singles. Ovo’s unique blend of Afrobeats and pop has earned her numerous awards and nominations, including a BET Award for Best New International Act in 2018.

Other Ventures

In addition to her music career, Ovo has ventured into entrepreneurship. She launched her own record label, OVO Sound, in 2012, which has signed and helped launch the careers of several successful artists. Ovo also has her own clothing line, OVO Apparel, and has collaborated with various brands on fashion and beauty campaigns.

Assets

Ovo’s assets include a luxurious mansion in Lagos, Nigeria, worth approximately $5 million, and several high-end cars, including a Rolls-Royce Ghost and a Bentley Bentayga. She also owns a private jet, which she uses for her frequent travels. Ovo’s music catalog and her stake in OVO Sound are also significant assets.

Annual Income

Ovo’s annual income comes primarily from her music career, including album sales, streaming royalties, and concert tours. She also earns from her record label and brand endorsements. According to Forbes, Ovo’s estimated annual income is around $20 million, making her one of the highest-paid musicians in Africa.

Frequently Asked Questions about  Ovo

Frequently Asked Questions: Ovo Net Worth

1. What is Ovo’s net worth?

Ovo’s net worth is estimated to be around $1 billion.

2. Who is the founder of Ovo?

Ovo was founded by Sam Altman and Blake Masters in 2015.

3. What does Ovo do?

Ovo is an artificial intelligence company that focuses on creating and commercializing AI technologies.

4. Where is Ovo based?

Ovo is headquartered in San Francisco, California.

5. How has Ovo grown since its inception?

Ovo has grown significantly since its founding, raising over $1 billion in funding and expanding its team to over 100 employees.

6. What are some of Ovo’s notable achievements?

Ovo has developed AI technologies that have been used in various industries, including healthcare, finance, and transportation. They have also won several awards, such as the AI Breakthrough Award for Best AI-based Solution.

7. How does Ovo make money?

Ovo generates revenue by licensing its AI technologies to businesses and by providing AI-as-a-service solutions.

8. What is Ovo’s market share in the AI industry?

Ovo’s market share in the AI industry is not publicly disclosed.

9. What is the future outlook for Ovo?

The future outlook for Ovo is positive, given the growing demand for AI technologies and the company’s strong track record of innovation.

10. How can I invest in Ovo?

Ovo is a private company, so it is not publicly traded on any stock exchange. Therefore, investing in Ovo is not possible at this time.