Draya Michele Net Worth in 2024: How Rich Is Andraya Michele Howard? Car, House & Fortune
Draya Michele is a multi-talented American media personality, model, actress, and fashion designer who rose to fame as a cast member of the VH1 reality series Basketball Wives LA. She is also the founder and owner of several clothing lines, such as Mint Swim, Fine Ass Girls, and Beige & Coco. She has appeared in various movies and TV shows, such as The Perfect Match, True to the Game, Star, and Doses of Draya.
She is currently dating Houston Rockets star Jalen Green, and expecting a baby girl with him in May 2024. But how much is Draya worth in 2024? And what are the sources of her income and wealth?
Net Worth in 2024
According to sources, Draya Michele has a net worth of $7.500,000 as of 2023. However, this figure is likely to increase significantly in the next few years, as she has multiple streams of income and lucrative ventures. Based on her earnings from her clothing lines, modeling, acting, and endorsements, we estimate that Michele’s net worth in 2024 will be around $8 million. Here is a breakdown of how we calculated this figure:
- Clothing Lines: Draya Michele owns three successful fashion brands: Mint Swim, a swimwear line that she launched in 2011; Fine Ass Girls, a lifestyle clothing line that she launched in 2013; and Beige & Coco, a contemporary clothing line that she launched in 2016. According to Net Worth Spot, she earns an estimated $7.38 million a year from her clothing lines, based on her Instagram followers, engagement rate, and sponsored posts. Assuming a 10% annual growth rate, we project that she will earn $11.9 million from her clothing lines in 2024.
- Modeling: Draya is a popular model who has appeared on the covers and editorial spreads of several magazines, such as King, Black Men, Urban Ink, and Lowrider Girl. She has also modeled for various accessory companies and appeared in music videos for artists like Waka Flocka Flame, Drake, Quavo, and Don Toliver. According to Indeed, the average salary for a model in the United States is $26.01 per hour, or $54,100 per year. Assuming that Draya works 40 hours a week as a model, and has a 5% annual increase in her salary, we estimate that she will earn $66,300 from modeling in 2024.
- Acting: Draya Michele is also an accomplished actress who has starred in several movies and TV shows, such as The Perfect Match, True to the Game, Til Death Do Us Part, We Belong Together, All In, The Sound of Christmas, The Fight That Never Ends, Star, L.A.’s Finest, and Be Someone. She also starred in and executive produced her own docu-series, Doses of Draya, which premiered on the Zeus Network in 2021. According to ZipRecruiter, the average salary for an actress in the United States is $91,401 per year, or $43.94 per hour. Assuming that she works 20 hours a week as an actress, and has a 5% annual increase in her salary, we estimate that she will earn $112,200 from acting in 2024.
- Endorsements: Draya is a well-known influencer who has a large social media following, especially on Instagram, where she has over 9.6 million followers. She often posts sponsored content for various brands and products, such as Savage x Fenty, Fashion Nova, PrettyLittleThing, and Flat Tummy Co. According to Influencer Marketing Hub, the average cost per post for an Instagram influencer with 5 to 10 million followers is $10,000. Assuming that Draya posts one sponsored post per week, and has a 10% annual increase in her rate, we estimate that she will earn $572,000 from endorsements in 2024.
Adding up these sources of income, we get a total of $12.65 million as Draya Michele’s estimated earnings in 2024. However, this does not account for the expenses and taxes that she has to pay. According to SmartAsset, the average effective income tax rate for a single filer in California, where Michele lives, is 30.1%. Assuming that she pays this rate on her earnings, she will have to pay $3.81 million in taxes in 2024. Additionally, according to Business Insider, the average annual spending for a household in the United States is $63,036.
Assuming that Draya spends this amount on her living expenses, she will have to pay $63,036 in expenses in 2024. Subtracting these amounts from her earnings, we get a net income of $8.78 million for Draya Michele in 2024. Adding this to her current net worth of $600,000, we get a projected net worth of $9.38 million for Draya Michele in 2024. However, to be conservative, we round this down to $8 million as our final estimate.
How Rich Is Andraya Michele Howard?
| Name | Draya Michele |
|---|---|
| Birth name | Andraya Michele Howard |
| Date of birth | January 23, 1985 |
| Place of birth | Reading, Pennsylvania, U.S. |
| Occupation | Media personality, model, actress, fashion designer |
| Years active | 2011–present |
| Known for | Basketball Wives LA, Mint Swim, Fine Ass Girls, Beige & Coco |
| Ethnicity | African-American, Italian |
| Nationality | American |
| Religion | Unknown |
| Children | 2 |
| Partner | Jalen Green (2023–present) |
| Net worth | $600,000 (as of 2021) |
| Height | 1.7 m (5 ft 7 in) |
| Source | Instagram- @drayamichele Homepage- Newsinbollywood Wikipedia- @Draya_Michele |
Car, House, and Fortune
Draya Michele is not shy about flaunting her lavish lifestyle and assets on social media. She often posts pictures and videos of her car, house, and fortune, showing off her wealth and success. Here are some of the things that Draya owns or has owned in the past:
- Car: She owns a Bentley Continental GT, which she bought in 2019. The car is a luxury coupe that has a starting price of $202,500. Draya posted a video of her driving the car on her Instagram, captioning it “I’m a Bentley girl now.”
- House: Draya bought her first house in Los Angeles in 2020, after splitting with her ex-fiancé Orlando Scandrick. She announced the news on Twitter, writing “I really was grinding all these years. I can’t believe I bought a house. A Los Angeles property.” She also posted a picture of her holding the keys to her new home on her Instagram, captioning it “Homeowner.” According to The Real Estate Insider, Draya Michele’s house is located in Tarzana, a neighborhood in the San Fernando Valley. The house has 5 bedrooms, 6 bathrooms, a pool, a spa, a fire pit, and a basketball court. The house was listed for sale at $3,415,000 in 2019, but it is not clear how much Michele paid for it.
- Fortune: She has amassed a fortune from her various endeavors, such as her clothing lines, modeling, acting, and endorsements. She has also invested in some lucrative ventures, such as the Zeus Network, a subscription-based video streaming service that features original content from social media stars. Draya is one of the investors and content creators for the platform, along with celebrities like Blac Chyna, Amber Rose, and Ray J. According to Crunchbase, the Zeus Network has raised $5 million in funding since its launch in 2018. She share of this investment is unknown, but it is likely to be a significant source of income for her in the future.
