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How Jake Paul Achieved a Net Worth Is $30 Million

Jake Paul

Jake Paul is a professional boxer who was born on January 17, 1997 in Cleveland, Ohio. In addition to being a professional boxer, Jake Paul is also a You Tuber, actor, social media influencer, and rapper. Due to Jake Paul's success in his various endeavors, he has been able to attain a high level of wealth, making him a millionaire. Currently, Jake Paul net worth is $30 million. Here is an in-depth overview of how Jake Paul was able to reach this level of wealth, and much more about his young life.

Jake Paul's Early Days

Paul knew he was going to make it big in the internet business from a young age. Jake Paul and his older brother grew up outside Cleveland, Ohio, and the boys both began filming themselves from the time Jake was ten years old. Jake's older brother is also a social media and internet personality.

Jake Paul's Career in Entertainment

Jake Paul's career began when he began posting entertaining videos on "Vine." These videos consisted of pranks, hip-hop music, and controversy, and his audience absolutely loved them. Soon after Jake Paul started posting videos, "Twitter" discontinued "Vine," but by that time, Paul had already attracted more than five million subscribers as well as two billion views on his app.

After "Twitter" suspended operations of "Vine," Jake Paul began his own You Tube channel on which he regularly posted the same types of videos. His popularity on "You Tube" and "Vine" enabled him to become noticed by the "Disney Channel," who offered Paul a part in a show called "Bizaardvark." "Bizaardvark" is a TV show that aired from 2016 -2019 and featured characters who would accept and perform dares.

The End of Jake Paul's Bizaardvark Career

Paul performed very well in the show, in which he played a character who accepted dares and then performed them, as "Disney" predicted. Unfortunately, due to some publicity and the negative attention surrounding his "You Tube" videos, "Disney" announced that Paul would no longer play a character on the show. "Disney" felt that this negative publicity from Jake's videos would impact "Disney" in a way that they didn't want.

Jake was somewhat disappointed, but he made a graceful exit after being relapsed from the show during its second season. Jake Paul likely significantly lowered his income and net worth by being let go from "Disney," since it was a definite income. However, being let go from "Disney" motivated him to push harder to focus on building his own brand.

Launching His Own Business

Jake Paul released a hit single, "It's Everyday Bro," along with "Team 10." This occurred after Jake Paul obtained a loan in order to launch his own media company called "Teamdom." "It's Everyday Bro" became the third most hated song on their website, yet it also made its debut on the Billboard 100, at # 91. The song was certified platinum by the "Recording Industry Association of America."

Paul released many other songs, but some were deleted not long after they were released onto the site. He gave many different reasons for the removal of the songs from his site, and one main reason was because he broke up with his girlfriend at the time. Many of the songs were about her and their happy relationship prior to the breakup.

Jake Paul released some additional songs, but the members of "Team 10" began leaving the group. Due to Paul's "You Tube" success, he was classified by "Forbes" as being the second-highest paid "You Tuber" in 2018.

A New Song and a New Group

In 2019, after having formed a new group after all the members of "Team 10" left the group, Jake Paul released a new song, "I'm Single." This song was based on how Paul felt following his breakup with his girlfriend, Erika Costell. Paul also released another song at the end of that same year titled, "These Days," but he subsequently removed it from streaming not even a year later.

Boxing Bullies: Paul's Sports Business

Following the release of the two songs in 2019, Jake Paul continued to release music and made a vow to focus on music even more. However, Paul had other aspirations, as well, and in 2021, he founded a company called "Boxing Bullies." This business was created to assist teens being bullies with dealing with their adversaries. "Boxing Bullies" didn't promote violence, but it was created to help bullying victims gain the confidence they need to stand up for themselves. Of course, having some new combat skills could also help, if bullies ever became physical.

A Venture Capital Fund

Jake Paul also began a venture capital fund that was branded as the '\"Anti Fund" in 2021 with well-known business guru Geoffrey Woo. By collaborating with Woo, Jake Paul was able to raise $30 million in August of 2021. Investors and fans were able to help finance the fundraiser by agreeing to a quarterly subscription by utilizing a special platform. This likely significantly contributed to what Paul's net worth is today.

Yet another business venture that Paul participated in was the creation of "Most Valuable Promotions (MVP)." Paul founded "MVP" with his adviser, Nakisa Bidarian in 2021. After starting the business, Paul signed Amanda Serrano, a famous martial artist, to a promotional agreement in September 2021.

In May 2022, Jake Paul featured on the "Forbes" list for a second time, but this time for being one of the highest paid athletes in 2022. It was estimated by "Forbes" that Paul earned approximately $38 million from his three boxing bouts, as well as through his streams during that same period.

Jake Paul's Boxing Career

Paul's boxing career has likely contributed quite a bit to his net worth, and he greatly enjoys participating in this sport. He eventually started out as an amateur in 2018, alongside his brother, and they quickly became professional. In his professional boxing career, Paul has participated in six different matches, all of which he was declared the winner, making his current stats 6-0. The undefeated boxer intends to continue his career, with matches being planned for the future.

Jake Paul's Legal Troubles

Jake Paul has been involved in various legal situations, including being accused of scamming his fans. Paul was also accused of sexually inappropriate behavior. However, Paul was never convicted of any crime, which means that he had no legal fees, which could have lowered his net worth.

This will remain true as long as Paul can avoid any legal issues that would require him to pay fines or for legal representation. Therefore, Paul needs to be as careful as possible to minimize his chances of becoming involved in any potentially costly legal problems.

Jake Paul is only 25 years old, but he has already built quite an impressive career for himself, which has made him a millionaire. With his entire life ahead of him, Paul will continue to involve himself in bigger and better business deals as he continues to box and maintain his You Tube channel. In five, and even ten years from now, it is very likely that Jake Paul's will have significantly increased. Even if his net worth doesn't increase, Paul will continue to entertain his audiences worldwide.

Motivational Jake Paul Quotes

  • “Off camera, I’m, like, chill and very laid-back. I don’t know if the word is ‘shy,’ but ‘reserved.’ I’m always thinking.”
  • “I’m gonna forget all the negative press and focus on being the best version of myself.”
  • “I always say fitness is the first step to greatness. And I try to encourage my fans to be on the same page as that. Because fitness is the first step to setting a habit that you necessarily don’t want to do but are still committed to doing every single day. And so I think that’s why I always, always try to get a workout in.”
  • “Nobody’s life is perfect, and each individual will have their own struggles and stipulations.”
  • “I had to overcome bullies and other people who didn’t like me and tormented me. I overcame those things with positive affirmations and setting goals. When I would set goals, I wouldn’t let anything get in the way of me breaking them. As I found success, a lot of those things subsided and became less important.”
  • “Every day, I’m trying to push the boundaries creatively, and sometimes it does push the boundary too far, and that’s what I had to learn.”
  • “You can become whoever you want to be. You can do what you want to do.”
  • “I had to overcome bullies and other people who didn’t like me and tormented me. I overcame those things with positive affirmations and setting goals. When I would set goals, I wouldn’t let anything get in the way of me breaking them. As I found success, a lot of those things subsided and became less important.”

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Garrett Parker

Written by Garrett Parker

Garrett by trade is a personal finance freelance writer and journalist. With over 10 years experience he's covered businesses, CEOs, and investments. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world.

Read more posts by Garrett Parker

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