Current Events > Jake Paul is 'poor' after losing $40 million boxing wealth in crypto crash

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https://www.mirror.co.uk/sport/boxing/jake-paul-youtube-boxing-worth-27269163

Jake Paul is now "poor" after losing a chunk of his boxing wealth following investments in Cryptocurrency which have crashed. The YouTube star has launched a successful boxing career having won five times as a professional including in two lucrative victories over Tyron Woodley. Paul was named as one of the highest sporting earners in 2021 having pocketed an incredible 31 million from the sport so far. Paul's brother Logan has now claimed his brother earned around $40 million last year from his exploits during an episode of his Impaulsive podcast. Co-host George Janko said: Its going pretty well, hes won every fight hes done, with other host Mike Majlak adding: He made like $40m last year.

Before Logan quickly responded: Yeah he made $40 million last year. It doesnt matter, he put it all in crypto, hes poor now. Paul has an estimated net worth of around $60 million according to Celebrity Net Worth having moved on from making YouTube videos on to the boxing scene as a fighter and promoter. Cryptocurrency is a form of currency that exists digitially and virtually and is popular among celebrities including YouTuber boxer KSI who also invested heavily in the markets. In recent months the crypto market has taken a huge hit with currency Bitcoin having declined to almost $20,000 in recent weeks. This made it it's lowest value since December 2020 and has seen several high-profile figures losing significant chunks of their investments. Paul previously claimed that his estimated $40 million boxing wealth was worth almost double including his portfolio of investments and other business ventures.

damn

I won't be happy til he's starving on the streets begging for change from a cup.

Couldn't have happened to a nicer guy

He can come stay with me if he needs a place to live. He is such a cool guy we would have a blast together.

Mearcstapa posted...

I won't be happy til he's starving on the streets begging for change from a cup.

This

doesn't matter. a few more fights and he's climbing right back up.

he'll never be 'poor' in the same way that a lower-class person is poor. their earning potential is extremely limited. his is not. he is a celebrity. he could spend every single dime he has right now and have a million dollars tomorrow.

Lebronwon posted...

Its going pretty well, hes won every fight hes done,

Well yeah, it's pretty easy to win every fight when you only fight punching bags.

It's a good start, but not nearly enough.

Oh thats why he was blaming Biden for crypto failing, hes on maximum copium

https://gamefaqs.gamespot.com/a/user_image/3/9/8/AAJBROAADM7m.jpg

he should sell his Pokemon cards

Big new money move

So...he's still worth millions and has more money than 95% if people?

Jake Paul has said he'd be sobbing if he was only making a dozen thousand per day. His concept of "poor" is far from the average person's.

Oh no.

Anyway.....

Even if he put every single dollar he owned (call it $40m) in at the tippy top at $64,000 he'd still have around $12,000,000.

So no, I don't really feel bad for him.

Oh no.......

theAteam posted...

Even if he put every single dollar he owned (call it $40m) in at the tippy top at $64,000 he'd still have around $12,000,000.

So no, I don't really feel bad for him.

And he still making thousands a day of his youtube channel

https://www.youtube.com/watch?v=kdOPBP9vuZA

It's one banana. What could it cost? $10?

He has been directly involved in promoting and rug pulling like 3-4 coin already. Then he also had fame courses he was scamming people with before he got into crypto. Dude is scum. He built a fanbase and then has no morals that go against scamming the very people that got him where he is. Id wish he did feel the struggle of going broke. But he would just scam his fanbase even more to recover if he actually did.

[LFAQs-redacted-quote]


Hilariously enough, there was a tweet from Milo Yiannopoulos who also said similar things about people not working hard enough to boot strap themselves up. When he was millions of dollars in debt, he started begging for money and even his loyal fans were like "Dude, what happened to all of our donations we sent to you." Only to realize he was using most of it buying expensive imported wine from Italy and just living a high class lifestyle.