Dan Bilzerian is not only the “king of Instagram”, he is also the king of controversy.
Those of you who have been active on social media for the past few years know that it is almost impossible not to have heard of Dan Bilzerian.
Bilzerian is an internet sensation and playboy, famous for his explicit Instagram photos showing how he shares his extravagant lifestyle with hundreds of different models.
In recent years, Dan has also been at the center of many controversies. The main one has always been his source of income.
How did Dan Bilzerian get his fortune?
While this Instagram influencer claims he made his fortune winning high stakes poker games against millionaires, there are plenty of reasons to doubt his story.
So what’s the truth? Well, Dan Bilzerian is basically a trust fund baby – he inherited most of his wealth through his father’s company.
According to various reports, Dan’s net worth is somewhere around $150 to $200 million. While he’s always kept up his story of being a self-made millionaire, it’s just not true.
How is Dan Bilzerian so rich?
His father, Paul Bilzerian, was a highly influential specialist in corporate acquisitions. He illegally made huge profits by taking over companies and letting them go bankrupt. When he was ordered to pay $30 million for the damages he had caused, he filed for bankruptcy in 1991 and 2001.
Fortunately for Dan, his father has set up a trust fund for him and his brother Adam. Reports say the trust fund had about $11.7 million in 1997 and has amassed an extreme amount over the past two decades. Dan got access to these funds in 2010, and it’s sometime around the time he started living his extravagant life.
On an episode of a podcast, Dan discussed numerous topics, including his nickname “trust fund baby”. He said he made the nickname useful by using it to participate in the high stakes poker games he talks about so often. However, there are many people who believe that gambling is simply his way of laundering his father’s money.
In 2020, Dan decided to add “writer” to his biography. He said he was writing his autobiography and he even made a $5,000 offer to anyone coming up with the most creative title for the book.
After about a year of writing and editing, he published his book called “The Setup”. He said the book focused on a few simple things — how to get everything you want out of life and “counting more girls than you can.”
He also went into great detail about his relationships with women. Interestingly, he even mentioned that he dated more than 50 women at the same time.
Dan hates “ugly women” because they hurt his eyes and he has no sympathy for them. Because of his controversial attitude, many people call him a misogynist who uses his fame and wealth to attract women.
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How much money does Dan Bilzerian make?
Bilzerian’s most recent activities include promoting the company Ignite International Brands.
They sell CBD oils, vodka, cigarettes, water bottles and lots of other things. In 2019, the company reported a $50 million loss from marketing and office rentals.
The third reason was – to fund Bilzerian’s lifestyle. Recently, they said they were exiting Canadian markets due to “excessive restrictions”.