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Rich Dudes│How YouTuber-Turned-Boxer Jake Paul Became a Millionaire
Jake Paul punches above his weight in both business and boxing. Hopscotching from social media to Disney channel to pay-per-view, there’s no holding back ‘The Problem Child.’
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Updated Aug 4, 2023
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Jake Paul has emerged as a true icon of financial success, with a $80 million net worth. From his meteoric rise on YouTube to his lucrative career in professional boxing, Jake leverages his popularity and entrepreneurial spirit to create immense wealth.
Venturing into startups, astute stock investments, and even the volatile world of cryptocurrencies and NFTs, Jake boasts a diverse investment portfolio that exemplifies intelligence and ambition.
At a pre-fight photoshoot, Jake donned the Richard Mille RM...With a jaw-dropping retail price of approximately $850,000, this timepiece's scarcity makes it highly coveted.
From the small town of Cleveland, Ohio, to the global stage, delve into Jake Paul's net worth. Learn about his multiple sources of income and the remarkable investments that propelled him to unparalleled heights in business and wealth.
Jake Paul net worth at a glance
Jake Paul net worth at a glance
Net worth | $80 million |
Born | January 17, 1997 |
Nationality | American born in Cleveland, Ohio, USA |
Became a millionaire at | 19 |
Occupations | Social media personality, professional boxer, and entrepreneur |
Sources of wealth | Boxing, crypto, NFTs, and brand partnerships |
Asset classes | Startups, real estate, crypto, NFTs, luxury cars, and designer jewelry |
How Jake Paul made his money
How Jake Paul made his money
American social media personality and professional boxer Jake Joseph Paul captivates audiences with his bold and vibrant presence. Born in Cleveland, Ohio, Jake Paul and his older brother Logan Paul set out to conquer the entertainment industry from a young age.
Rising to fame on Vine with 5.3 million followers and two billion views, Jake, nicknamed The Problem Child, quickly transitioned to YouTube, launching his channel in May 2014. Jake's channel became a hit for its signature pranks, wild controversies, and thumping hip-hop music.
Jake's entertainment career took an interesting turn when he joined Disney Channel's series Bizaardvark, playing the role of Dirk Mann. However, his newfound fame led to neighbors complaining about his extravagant pranks, parties, and large crowds of fans that gathered in their neighborhood.
After Disney fired him, Jake focused on his personal brand, YouTube channel, business ventures, and other acting roles.
In 2016, he launched the entertainment collective Team 10, turning it into a sensation. He expanded his influence by forming the media company TeamDom in 2017, acquiring significant financing from notable investors. Jake garnered extensive media coverage and rolled out an influencer marketing management and creative agency around teen entertainment.
Music was another avenue for Jake's success. His single "It's Everyday Bro," featuring Team 10, hit over 70 million views in a month, despite becoming YouTube's third-most disliked video. He released other singles afterward, collaborating with iconic artists like Gucci Mane and reaching No. 91 on the Billboard Hot 100.
While juggling his social media celebrity status and music, Jake ventured into professional boxing. He defeated opponents like Deji Olatunji, AnEsonGib, Nate Robinson, Ben Askren, Tyron Woodley, and Anderson Silva in high-profile bouts. But his undefeated streak ended when Tommy Fury handed him his first professional loss.
Adding to an impressive list of accomplishments, Jake announced his professional MMA debut with the Professional Fighters League (PFL) in January 2023. This expansion into mixed martial arts showcases his determination to explore new territories and push his limits.
Throughout his journey, Jake Paul's net worth skyrocketed thanks to his diverse income streams. His young age hasn't hindered him from making a name for himself in multiple arenas.
From his beginnings on Vine to his current status as a social media celebrity, professional boxer, and now MMA fighter, Jake shows that his ambitions know no bounds. He remains a force in the digital age with an extensive fan base and a dynamic portfolio.
Jake Paul's career earnings
Jake Paul's career earnings
Jake ‘The Problem Child’ Paul amassed a fortune through various ventures. From his early days as a YouTuber to his endeavors in professional boxing, Jake's financial success is mindblowing.
He earned an estimated $11.5 million in 2016 and $11 million in 2017. However, he experienced a significant jump in earnings in 2018, making $21.5 million. This impressive feat secured him second on Forbes' list of highest-paid YouTubers that year.
2021 was a turning point for Jake's income, primarily due to his involvement in professional boxing. He reportedly pocketed $40 million from boxing matches and pay-per-view bonuses that year, ranking him the 46th highest-paid athlete worldwide.
His fights against high-profile opponents such as NBA star Nate Robinson, MMA fighters Ben Askren and Tyron Woodley, and MMA legend Anderson Silva contributed significantly to his earnings. Paul made around $54 million from his viral boxing fights by the end of 2022.
- Jake's knockout victory over Nate Robinson in November 2020 brought him an estimated $1.2 million.
- His split decision win against Tyron Woodley in August 2021 added $2 million to his earnings.
- In October 2022, Jake triumphed over MMA fighter Anderson Silva via unanimous decision, securing $1.5 million.
- In their February 2023 faceoff, Jake Paul lost by a split decision. Jake earned $3.2 million from the fight despite his defeat, plus $9 million from pay-per-view kickbacks (he claims to have made $30 million).
Beyond boxing, Paul's earnings come from various revenue streams. While on the Disney Channel's Bizaardvark, he reportedly earned approximately $350,000 for appearing in 35 episodes.
His YouTube channel, with nearly 1,000 videos, is also a lucrative source of income. Earning from $500 to $5,000 per video from YouTube ads and $10,000 to $100,000 per sponsored post, Jake has undoubtedly made significant money from his immense online following.
Endorsements and sponsorships also add to Jake's earnings. Partnering with brands like boohooMan, DraftKings, RNBO Clothing, and SPRAYGROUND, he reportedly makes up to $75,000 for each brand promotion or sponsorship post. In 2022 alone, he raked in around $8 million through endorsement and sponsorship agreements.
How Jake Paul invests
How Jake Paul invests
From founding startups like Team 10 and TeamDom to astute stock investments managed by Morgan Stanley, and even forays into the world of crypto and NFTs, Jake employs a multifaceted approach to building wealth. His luxurious car collection and stunning jewelry further highlight his love for opulence.
Alongside his entertainment ventures, Jake demonstrates keen business acumen and an eye for lucrative opportunities by starting new businesses and investing in stocks and bonds.
Here's a breakdown of his business ventures and the asset classes he's investing in.
Startups
Startups
In 2016, Jake Paul launched the entertainment collective Team 10. The group of YouTube creators lived together under one roof, generating content ranging from pranks to story-time videos.
Taking his entrepreneurial endeavors to new heights, Jake founded the media company TeamDom on his 20th birthday in 2017. Backed Horizons Alpha, Danhua Capital, Adam Zeplain, Sound Ventures & A-Grade Investments, and Vayner Capital with $1 million in financing, TeamDom sought to become a teen entertainment influencer marketing management and creative agency.
Jake explored the venture capital landscape in 2021 by creating the 'Anti Fund' in collaboration with serial entrepreneur Geoffrey Woo. The fund harnessed the power of Angel List's Rolling Funds platform, enabling investors and fans to raise money through a quarterly subscription.
Jake invested strategically through Anti Fund, leading a financing round for sports gambling firm Simplebet Inc., ultimately raising $30 million in August 2021.
'Most Valuable Promotions' (MVP) is another huge venture in Jake's portfolio—founded in 2021 in partnership with his adviser Nakisa Bidarian. MVP focuses on boxing promotions and made waves by signing the talented Puerto Rican boxer and seven-division world champion Amanda Serrano.
Jake's collaboration with Eddie Hearn's Matchroom Boxing led to the historic event "For History," featuring Katie Taylor vs. Amanda Serrano as the first women's boxing match to headline Madison Square Garden. The fight earned accolades, including Sports Illustrated's Fight of the Year and The Ring's Event of the Year.
In August 2022, Jake Paul co-founded the sports media and mobile betting company Betr in pertnership with Simplebet founder Joey Levy. Betr secured $50 million in series-A funding, aiming to provide an unrivaled mobile betting experience that taps into the immense potential of sports gambling.
Jake signed a multi-year contract with the Professional Fighters League (PFL) in January 2023. He joined as a cofounder and competitor in a new pay-per-view division called Super Fight and also assumed the influential "head of fighter advocacy" role. This forward-thinking approach, combined with a revenue-sharing model, ensures fighters earn at least 50% of the pay-per-view revenue.
Stocks and bonds
Stocks and bonds
While Jake excels in the startup scene, he invests in stocks using a shrewd investment approach. He has a team at Morgan Stanley that manages his $35 million investment portfolio comprising of 18 stocks. His diversified portfolio indicates a calculated approach toward long-term financial growth.
Beyond stocks, Jake's prudent financial planning is evident in bank deposits and government bonds, reportedly worth over $13 million. These investments allow him to benefit from yearly interest and dividend payments, ensuring a steady income stream that complements his other ventures.
Real estate
Real estate
YouTube star-turned-boxer made astute real estate investments in places like California, New York City, Florida, and Puerto Rico.
Starting in California, Jake's principal residence is a stunning 14,000-square-foot luxury villa in Encino worth $11 million. This magnificent home offers seven bedrooms, seven bathrooms, a movie theater, and a luxurious 25-meter swimming pool. The property is adorned with lush gardens, olive and citrus trees, and a tranquil koi pond, further enhancing its value.
Jake also purchased a mansion in Calabasas, California, for $6.9 million. This 15,000-square-foot residence on a 3.5-acre property offers opulent features such as a three-story entry with a spiral staircase, Italian tile, and hardwood floors. He sold the property for $6.15 million in 2021, incurring a slight loss.
Jake's real estate endeavors expand beyond California to New York City, where he owns a delightful $4 million apartment.
Jake invested $16 million in a Puerto Rico mansion with 12 bathrooms, a gym, and a lavish swimming pool—this tropical haven exemplifies his penchant for grandeur. The property spans over 12,000 square feet and encompasses amenities like an elevator, wet bar, dry bar, and a six-car garage.
Jake's brother, Logan, notably resides in Puerto Rico as well, having relocated from Los Angeles to escape distractions (and income taxes) during their boxing training camps.
Crypto and NFTs
Crypto and NFTs
Jake Paul's crypto and NFT investment journey is a mixed bag of fortunes and disappointments. While he's made some impressive gains, he's encountered projects that fell drastically in value or turned out to be rug pulls.
In April 2021, Jake revealed that he had invested in Bitcoin when it was only $100, which was one of his best investments. Despite Bitcoin's price decline from the November 2021 highs of $69,000, Jake is still up over 28,000% on this initial investment.
Aside from Bitcoin, Jake also ventured into other crypto projects. He reportedly received $190,000 worth of SAFEMOON tokens to promote the project. But the value of SAFEMOON has since declined.
In the world of NFTs, Jake is linked to some failed projects.
For instance, the Animoon NFT project could not deliver on its commitments despite enticing investors with promises of rewards and benefits. The result was an exit scam worth $6.3 million from which Jake likely profited.
His involvement with the Sacred Devils NFT project earned him $140,000, but the long-term performance of this investment remains unknown. He also received $50,000 in MILF tokens and $300,000 in YUMMY tokens as promotion fees—projects which crashed eventually.
Jake claimed to invest $100,000 in the Apes in Space project but was reportedly paid over $100,000 in NFTs to promote it to his audience. Similar outcomes happened with Bored Bad Bunny, a slow rug worth $21 million, and projects like Kiba, Shiryo Inu, and Orbit Crypto.
The pinnacle of Jakes involvement in NFTs was with his project StickDix. Jake didn't deliver on his promises, including a $20,000 Ethereum giveaway, committing $300,000 to marketing, giving away three $20,000 diamond StickDix chains, and launching a StickDix clothing line. Instead, he took out $1.5 million before abandoning the project.
Jake's crypto and NFT investment portfolio creates mixed feelings, but his early investment in Bitcoin and successful promotions highlight his ability to recognize opportunities. While you can potentially generate passive income in the Metaverse, the crypto market is highly volatile and projects come with inherent risks, so exercise caution and research thoroughly before diving in.
Luxury cars
Luxury cars
Jake Paul's car collection proves he has a thing for luxury and high-performance vehicles. With a selection of impressive automobiles, he exudes a unique style and extravagance.
The esteemed Ferrari LaFerrari leads the pack, valued between $1.5 million to $2 million, boasting a 6.3-liter V12 engine and an electric motor that generates 950 HP and 715 lb-ft of torque. This hybrid marvel propels from 0-60 MPH in an impressive 2.5 seconds, reaching a top speed of 218 MPH.
He has a Rolls Royce Cullinan priced at $335,000—elegantly designed with a 6.7L twin-turbocharged V12 engine delivering 563 HP and 627 lb-ft of torque.
Jake Paul's car collection includes a lightning-fast Lamborghini Huracan Performante and a sleek Rolls Royce Cullinan.
Source: carhp.com
Jake Paul owns a $274,000 Lamborghini Huracan Performante, featuring a twin-turbocharged 3.8-liter V8 engine with 666 HP and 516 lb-ft of torque, capable of sprinting from 0 to 60 MPH in just 2.7 seconds.
Lastly, Jake's Tesla Model X, priced at $103,000 and customized by West Coast Customs, has red and black stripes with carbon fiber accents. Its electric powertrain delivers 503 HP and 487 lb-ft of torque, reaching 0 to 60 MPH in 3.8 seconds.
Jewelry
Jewelry
Jake Paul invests in expensive watches, luxury jewelry, and high-end shoes. Among his prized possessions are the coveted Yeezy sneakers, priced at around $1,000. This exclusive footwear is a must-have for digital influencers and YouTube stars, capturing the essence of trendy street fashion.
But Jake's love for luxury extends beyond footwear. At a pre-fight photoshoot, Jake donned the Richard Mille RM 11-03 'Ivory,' a watch as rare as it is luxurious. With a jaw-dropping retail price of approximately $850,000, this timepiece's scarcity makes it highly coveted, with only a select few Richard Mille VIP clients fortunate enough to wear this horological masterpiece.
He proudly displays his Diamond Audemars Piguet valued at $100,000. He also treated himself to an extravagant gift on his 21st birthday: an 18.5-carat diamond timepiece. What other way is there to top off an extensive portfolio than with some expensive bling?
Jake Paul investing quotes
Jake Paul investing quotes
1. Embrace challenges
1. Embrace challenges
2. Leave a lasting legacy
2. Leave a lasting legacy
3. Success requires dedication and hard work
3. Success requires dedication and hard work
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