Paul has explained that his net worth could be around the $100 million mark after making $40 million from boxing which failed to take into account another $60 million he has made from investments if he liquidated his funds.
The YouTube star had a hugely successful 2021, defeating Ben Askren and Tyron Woodley twice to generate an estimated $40 million from ring earnings.
He also has his own promotional label which he is using to promote the clash between Katie Taylor and Amanda Serrano.
Paul has explained that his net worth increased from other factors including ‘NFT’ and Cryptocurrency investments made last year alongside his sponsorship and brand deals.
That is just what I made from boxing [$40 million],” Paul told Fox Business. “I made some more on top of that from brand deals and advertisements.
That is not including my crypto investments, NFT investments, Metaverse investments. If I were to cash out, yeah I have probably made an extra $60 million on top of that just from my investments last year if I were to liquidate it.
“I put money into Bitcoin when I was sixteen years old but I am a long term holder so I can add to the retirement fund. I have my team at Morgan Stanley and they handle all this stuff.
“I am more into the Crypto side of things and they tell me what kind of traditional stocks I can put into.”
Paul generated huge wealth from his career on streaming platform YouTube which helped him rise to fame alongside brother Logan.
His 2021 began with a bang fighting Askren on a Triller card which is expected to have earned him an estimated $10m after a successful number of pay-per-views were sold.
Paul went on to face former UFC champion Woodley in a bumper event on Showtime pay-per-view which is expected to have generated the star around $15m.
He then rematched the star despite initially planning to face British star Tommy Fury and scored a brutal KO which earned him another $15m to add to his growing cash pot.
With his wealth growing from fighting in the ring, Paul has continued to campaign for better pay for fighters and is using his platform to challenge the likes of UFC president Dana White over his financial structure.
He recently claimed that he earned more than all of the UFC roster combined for his recent exploits.
I make more than every UFC fighter f****** combined, including Conor,” Paul said on the ‘Impaulsive’ podcast.
“Y’all work for f***ing Dana, y’all work for WME, Endeavor, that’s who you work for. I make more than all of you silly mother*******.
“Why would I go into the UFC? Sign a contract and give away my f***ing rights and s***. I own my content, I own my platform, I own everything.”
As you are probably aware (hopefully from reading news headlines and not because of your own investment decisions), digital currency markets are in the toilet. Several exchanges and crypto hedge funds are bankrupt or exploring bankruptcy options. The price of Bitcoin has dropped 70% since October. Companies like Coinbase are preparing for massive layoffs.
A lot of people have lost A LOT of money in the last few months. And apparently, at least according to his own brother, one of those people who have lost A LOT of money is YouTuber-turned boxer, Jake Paul.
On a recent podcast, Logan Paul claimed that Jake is now “poor” after investing his money in various cryptocurrencies.
The revelation came amid a discussion of Jake’s finances in general, notably the $40 million he’s reported to have made as a boxer so far.
According to Logan, those earnings are moot point:
“It doesn’t matter, he put it all in crypto! He’s poor!”
The crypto crash has brought Bitcoin and other cryptocurrencies down to historic lows of late, so if Jake did indeed invest all of his money, or a big chunk of money, he’s likely feeling a lot of pain right now.
To be fair, we don’t know to what extent Logan was exaggerating his brother’s situation for entertainment value. On the other hand, Jake has been a vocal crypto supporter in the past, so it’s a safe bet that a not insignificant portion of his assets are tied up in those types of investments.
If so, he wouldn’t be the only YouTube star to lose a bundle on the crypto roller coaster. Just last month, YouTuber Olajide Olayinka Williams Olatunji, also known as KSI, admitted to having flushed $3 million down the toilet in about 24 hours after a horribly timed bet on the crypto Luna.
Reacting to his own revelation, KSI tweeted:
I just put 2.8 million in that Luna buy and it’s worth less than 50k. But that’s ok because I’m not dead. I’ve got my family, my friends and my vigorous work ethic haha.”
If Jake Paul did indeed lose a large portion of his wealth due to the crypto downturn, something tells me we’re going to see him fighting in the ring a bunch this year and next year.
Slaylebrity Net Worth Stats
Social Fans: 20.4 Million
EST Net Worth: $30 million
Sources Celebrity Net Worth, Mirror
I make more than every UFC fighter f****** combined, including Conor, but is this really true?
Women love money too much
