Jake Paul has had his fair share of controversy and notoriety, and he’s profited handsomely despite it (or perhaps because of it).
Jake Joseph Paul was born in 1997 in Cleveland, Ohio. He’s a YouTuber, social media personality, actor, and professional boxer.
Paul grew up in Westlake, Ohio, and his parents are Pamela Ann Stepnick (née Meredith) and realtor Gregory Allan Paul. He also famously has an older brother, Logan, a YouTuber, internet personality, professional boxer, and professional wrestler.
What is Jake Paul’s Net Worth?
Celebrity Net Worth shows Jake Paul’s net worth is around $30 million. That puts him on par with Chaka Khan, Deontay Wilder, Katherine Heigl, and Clive Owen.
How Did Jake Paul Earn His Net Worth?
Jake Paul’s early fame and fortune came from the now-defunct Vine app in 2013. By the time Twitter Inc. discontinued the app, he had amassed an impressive 5.3 million followers and 2 billion views.
He launched his YouTube channel in 2014. It quickly became famous for its pranks, controversies, and Paul’s own hip-hop music.
After finding fame on the two platforms, Paul was recruited by the Disney Channel for their series Bizaardvark. There, he played a character called Dirk Mann, who accepted dare requests that he would then perform.
In mid-2017, while filming Bizaardvark’s second season, the Disney Channel announced that Paul would be leaving the series. Paul’s exit came immediately after a news report from KTLA about public complaints from Paul’s neighbors. The protests were about the noise generated by Paul’s pranks, the parties he held, the fire hazards he caused, and the large crowds of his fans gathering in the area.
Paul later revealed that he was sacked due to the complaints. However, he turned the news into a positive. He told the world via Twitter that he would focus more on his personal brand, YouTube channel, business ventures, and more mature acting roles.
On Paul’s 20th birthday in 2017, he announced the launch of an entertainment collaborative called Team 10, with $1 million in financing. The collaborative aims to create influencer marketing management and creative agency around teen entertainment. Individuals and groups who Invested in the endeavor include Danhua Capital, Horizons Alpha, Vayner Capital, Sound Ventures & A-Grade Investments, and Adam Zeplain.
That same year, he released the single “It’s Everyday Bro,” featuring Team 10. It featured vocals from multiple team members from that time, including Nick Crompton, Chance Sutton, Ivan and Emilio Martinez, and Tessa Brooks.
The song’s video accumulated over 70 million views in a single month and quickly became the third most disliked video on the website. It debuted (and peaked) at number 91 on the Billboard Hot 100. It was certified platinum by the Recording Industry Association of America (RIAA).
Also, in 2017, Paul released (and later deleted) a plethora of singles, including “Ohio Fried Chicken,” “Jerika,” “No Competition,” “That Ain’t on the News,” and “Litmas.”
At the end of 2017, a remix of “It’s Everyday Bro” was released, featuring Gucci Mane in place of Team 10.
In 2018, Paul released several singles, starting with “Malibu,” which was a collaboration with now-former Team 10 member Chad Tepper. Other singles released that year included “My Teachers,” featuring now-former Team 10 members Sunny Malouf and Anthony Trujillo, “Randy Savage,” featuring Team 10 and hip-hop duo Jitt & Quan and Team 10 members Anthony Trujillo, Sunny Malouf, Justin Roberts, Erika Costell, and Chad Tepper, and “Cartier Vision,” also featuring Jitt & Quan and Trujillo.
Also, in 2018, Paul released another single titled “Champion.” It was a diss track towards Deji Olatunji (ComedyShortsGamer), who was Paul’s first boxing opponent (we’ll get to that later).
Summer 2018 would see Paul and Team 10 performing songs on a United States tour. However, Team 10’s members all left one by one until the end of the year.
In 2019, Paul released the single “I’m Single.” It focused on his feelings about being single and his breakup with Erika Costell.
He started a new group after Team 10 had disbanded that same year. The new group included Adam Quinn, Lauren Dascalo, Brandon Amato, Payton Caci, and Mikahl Caci.
Late in 2019, he released another single, “These Days.”
In 2020, Paul released the singles “Fresh Outta London,” “23,” and “Dummy,” the latter of which featured Canadian rapper TVGucci.
In 2021 Jake Paul founded an organization called “Boxing Bullies” to help young people combat bullying.
Also, in 2021, he started a venture capital called the “Anti Fund,” along with serial entrepreneur Geoffrey Woo. The venture enables investors and fans alike to raise money through a quarterly subscription using Angel List’s Rolling Funds platform. That same year, it invested in sports gambling firm Simplebet Inc. and raised $30 million in a financing round.
The same year, along with his adviser, Nakisa Bidarian, Paul founded “Most Valuable Promotions” (MVP). The promotion signed Amanda Serrano almost immediately after it was established.
In 2022, along with Simplebet founder Joey Levy, Paul founded a sports-media and mobile-betting company called “Betr.” He has claimed he received $50 million in series-A funding for this venture.
In 2018, Jake Paul decided to turn his hand to boxing, starting with an amateur bout against Deji Olatunji, the younger brother of YouTuber and rapper KSI. It was on the undercard of KSI’s fight against Paul’s brother Logan, and he defeated Deji via TKO in the fifth round. The occasion was promoted as “the biggest internet event in history.”
In 2020, Paul made his professional boxing debut against the YouTuber AnEsonGib (known as Gib). The fight was the co-feature to the WBO world middleweight title bout between professional boxers Demetrius Andrade and Luke Keeler. Paul won the contest in round one via TKO.
Later in 2020, Paul stepped into the ring for his second professional fight against professional basketball player Nate Robinson. The contest was part of the undercard for the Mike Tyson vs. Roy Jones Jr. exhibition match, and Paul won this one via knockout in round two.
In 2021, Paul had his third professional fight against the former Bellator MMA and ONE Welterweight Champion Ben Askren. It was the first boxing event Paul had headlined, selling more than 500,000 pay-per-view buys. Paul himself suggests it was closer to 1.45 million, but the legitimacy of that claim is doubted. Paul won again, this time via TKO in round one.
2021 was also the year in which Paul faced former UFC Welterweight Champion Tyron Woodley twice. Both fights were the headline contests of their respective events, and both were won by Paul. The first victory was a split decision, and the second was an emphatic sixth-round knockout.
Paul now has a professional boxing record of five wins and zero losses. Fights against professional boxers Tommy Fury and Hasim Rahman Jr. have collapsed for different reasons. Still, he looks set to fight former UFC Middleweight Champion Anderson Silva – a man with four professional boxing matches to his name – in October 2022.
How Does Jake Paul Spend His Money?
Jake Paul is far from being a shrinking violet, so he’ll happily flaunt his lavish purchases to the world.
When he was only 20 years old, he bought a massive mansion in Calabasas, California, for $6.9 million. He then moved to Puerto Rico and purchased a $10 million home with his brother Logan.
He also has an impressive car collection, which includes a $380,000 Lamborghini Huracan Performante and a $143,000 Tesla X.
#3-Clothes and Jewelry
Paul loves a nice watch and owns two worth $100,000 each, one of which is a Bust Down Rolex.
He’s a big fan of wildly expensive jewelry. One example is his $100,000 “Sleepy McGregor” necklace, which he bought solely to troll Conor McGregor. He’s also prepared to spend a lot of cash on jewelry for those close to him. The engagement and wedding rings he bought for his ex-partner Tana Mongeau were worth $125,000 and $300,000, respectively.
Jake Paul’s Notoriety Leads to Fame and Wealth
Jake Paul is a highly wealthy man at a very young age. While he splits opinions, what he’s achieved is undoubtedly impressive.
We haven’t focused on his controversies in this piece. Still, Paul is clearly a very controversial figure, but controversy sells, and he’ll undoubtedly keep making money in the future.
He has his fingers in several lucrative proverbial pies, and we wish him well in his future endeavors.
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This article originally appeared on Wealth of Geeks.
Kev is a UK-based sport and entertainment writer – a job he’s been doing full-time since 2013. He’s produced content for a wide variety of websites and publications all over the world. He’s a huge movie fan with a particular love for horror, superhero movies and 80s movies. For his sins, Kev is a fan of Tottenham Hotspur Football Club.