42-year-old Dan Bilzerian certainly isn’t shy about showing off his wealth
He is the self-proclaimed “King of Instagram”. A 21st century Hugh Hefner who gained social media fame by shooting down drones and throwing a nude model off a rooftop. However, his lifestyle Dan Bilzerianas the playboy with the private jets and endless girls in bikinis sparks a mystery: Where does his money come from?
42-year-old Dan Bilzerian certainly isn’t shy about showing off his wealth. In fact, he sometimes “uploads” photos on Instagram with wads of banknotes. His social media is overflowing with photos of fast cars, yachts, luxury mansions in Las Vegas and Los Angeles and lots of guns. And he’s always surrounded by hot models, wearing bikinis or nothing at all.
Such a photo got him into trouble when he decided to use a topless model as a tableau to celebrate International Women’s Day. Another time he threw porn star Janice Griffith off the roof of his Los Angeles home, aiming for the pool. But she broke her leg and sued him.
His fans were stunned when he revealed his “wild” spending habits during a tour of his Las Vegas party mansion in 2017. In addition to gold condoms and guns on the nightstand, Dunn showed off a $40,000 suit he hadn’t worn never. And in the garage was a $1.8 million 1965 Shelby Cobra that he hadn’t driven in three years.
His “hedonistic” lifestyle caused him to have two heart attacks by the age of 35, he claims. He was also rumored at one point to be planning to run for president of the United States.
The source of his money has always been more difficult to ascertain. Dan Bilzerian claims he made a large portion of his fortune, reportedly as high as $200 million, as a professional poker player.
He says he got serious about acting in college after he was kicked out of Navy SEAL training for getting into a fight with an officer. In an interview, he said he was bankrupted by gambling losses and had to sell his guns for $750. He used that money to win $10,000, then flew to Las Vegas and won $187,000! Although he rarely appeared in top tournaments, he claims to have become rich in private games with billionaires.
According to him, the biggest amount he ever lost in one day was $3.6 million. Another time he reportedly lost $2.3 million by flipping a coin. But in 2013 he claimed to have won $10.8m in a poker game and then went to a beach resort in Mexico to relax.
He once said, “If you look at poker as a sport like baseball, then I’d probably be a minor league or high school player. If you look at poker as a business, I’d say I’m Bill Gates. I have won over $50 million playing poker. Who else has done this?’
However, some others argue that Dan is actually a trust child, living off his corrupt father’s dark millions. He is the son of Paul Bilzerian, who was jailed for securities fraud in 1989. Federal authorities have spent three decades “chasing” the $62 million he was ordered to repay in 1991. Various depositions show that Paul moved his assets to a complex network of offshore companies and family trusts in the 1990s. At least one trust was created for his two sons, Dan and Adam.
In past interviews, Dunn has admitted to being a beneficiary of the trusts his father set up, though he declined to say how much he got. In another, however, he claimed that he rejected payments due to him at the age of 30 and again at 35.
More recently he claimed to have made another fortune from cryptocurrencies. Meanwhile, he had also used his online fame to start a business selling CBD oil and vaping products, called ‘Ignite’.
In 2020, Dan Bilzerian was sued by Ignite vice president Curtis Heffernan, who accused him of using the company to fund his lavish lifestyle.
He claimed he was fired for refusing to sign over extravagant expenses, including an $18,000 bar and a $15,000 ping pong table. Other expenses listed in the legal documents included a $75,000 paintball field, $40,000 for a climbing wall, $60,000 for a set of Star Wars weapons, $31,000 for a pool renovation and $50,000 for a bed frame.
The company also paid the eye-watering $200,000-a-month rent for Dunn’s Bel Air mansion, it was claimed.
The company also allegedly billed yacht charters, private jet travel with models and a $130,000 photo shoot in the Bahamas. At the same time, the company “recorded” a loss of $50 million in its first year of operation, according to “Forbes”. The marketing budget alone was over $16 million, more than double that year’s sales revenue.
A company report said that ‘Ignite’ had raised huge sums by issuing shares and borrowing from investors. It then went on an epic spending spree, even as its stock price plummeted, according to Forbes.
However, the case does not seem to have dampened his appetite
Dan Bilzerian on partying and wild life…
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I am Frederick Tuttle, who works in 247 News Agency as an author and mostly cover entertainment news. I have worked in this industry for 10 years and have gained a lot of experience. I am a very hard worker and always strive to get the best out of my work. I am also very passionate about my work and always try to keep up with the latest news and trends.
