Dan Bilzerian’s net worth is estimated at $200 million. The American, known for his lavish and controversial lifestyle, made his huge net worth from gambling, acting, and other ventures. He also received money from a trust fund.
Dan has been able to gain the public’s attention for his interesting Instagram pictures, which include clad women. This has sparked a series of controversies as many really want to know how his net worth accrues. Here is all to know about how the poker player got rich.
Dan Bilzerian’s Net Worth is $200 Million
As mentioned above, Dan Bilzerian’s net worth is $200 million. He has a vast source of income, but the one that can be termed primary is his gambling profession. Beyond his primary sources of income, he is also an actor and venture capitalist. It is also believed that the poker player got some of his riches from his father’s wealth.
How Did Dan Bilzerian Get Rich?
Here is a cursory look at the ways Dan Bilzerian got rich.
Dan Bilzerian started playing poker professionally in 2009. In the 2009 World Series of Poker Main Event, he finished in 108th place. The event, which was his most successful officially sanctioned poker win, made him $36,000 richer.
To date, Dan Bilzerian’s net worth has been believed to have been boosted by his gambling profession, and he has been listed among successful poker players. This notwithstanding, it was revealed that his winnings at sanctioned events are small. Irrespective of his small wins, he still claims to have cashed out millions in betting on private events with high stakes with top shots. His private betting has made it impossible for the public to keep track of his winnings.
Though his major private games are unknown, in 2014 he won $12.8 million on a legendary game. In the same year, he staked $5,000 to $10,000 in a single game of heads-up, no-limit holds ’em and got $10.8 million richer. This victory made him jet out to Mexico to celebrate his win. Dan Bilzerian claimed to have gotten $50 million richer with his gambling profession and also lost $3 million on three occasions.
His winnings and losses have made Bluff Magazine name him Funniest Poker Player On Twitter. The fame that he has garnered from playing poker has so far earned him some recognition in the game, like a brand endorsement.
Dan Bilzerian’s net worth also received a meteoric rise through a trust fund. His father, Paul Bilzerian, is an American takeover specialist and businessman who was once convicted and jailed for conspiracy, fraud and making false statements. Around the late 1980s, the businessman was revealed to be worth over $80 million.
It was also disclosed that Paul set up trust funds worth $12 million in Cimetrix stock for his two sons, Dan and Adam. They were to share the money evenly when they came of age. At the age of 30, Dan was able to access his trust fund, which is $6 million, if the money was actually shared evenly.
Dan Bilzerian has proven to be someone with a vast career. The poker player reportedly loaned the producers of the 2013 war and action film Lone Survivor the sum of $1 million for an 8-minute role and 80 words of talking time. However, the producers did not keep their end of the bargain. They ended up giving him less than a minute of screen time and a quick line of dialogue, which greatly provoked him.
This made Dan Bilzerian file a lawsuit for $1.2 million, repayment of his loan, and an extra 20% of his loan. The lawsuit that gained him more popularity was later dropped after he earned royalties from the movie. With his investment and the success of the film, Dan Bilzerian’s net worth increased by $1.5 million. He also earned money from appearing in other movies like Olympus Has Fallen, Extraction, Cat Run 2, The Other Woman, The Equalizer, and War Dogs.
Other Ways That Dan Bilzerian’s Net Worth Accrued
Dan Bilzerian’s net worth has also been amassed through various other means. According to Forbes, the poker player reportedly owns stakes in companies whose headquarters are in Nevada and Montana. Though he has not revealed how much of a stake he has in these companies, it is believed that they add to his wealth.
The poker player is also an author and has a few books to his name. His books include The Set-Up, The Set-Up: Armenian Digital Version, and The Set Up: Digital English Version.
He once got $385,000 richer in a drag race held in Las Vegas. Dan got the public’s attention when he took part in the highest-stake drag race in history at the Las Vegas speedway. He beat a 2011 Ferrari 456, which was considered the fastest at the time, with a 1965 A/C Cobra.
Dan Bilzerian also owns a men’s grooming line known as Alister for Men. The product was launched at Shelby Los Angeles by the poker player and a few friends. The products sold under the brand include men’s shampoo, a body wash, conditioner, face wash, shaving cream, facial moisturizer, cologne, and many more.
Dan Bilzerian Has Also Lost Money
For someone like Dan Bilzerian who is back-bent on making money, he has also lost money in many ways. Here is how the poker player has lost money aside from his gambling losses
Dan Bilzerian has proven to have inherited the business genes from his father, as he runs a company known as Ignite under the BILZF ticker. He established the company on February 2019, with its headquarters in Toronto, Canada. The company deals in vodka, electronic cigarettes, water bottles, CDB, and many other products that promote a healthy lifestyle.
The company reportedly lost about $50 million in 2019 on office rental expenses and marketing. According to the Canadian Securities Exchange, Ignite company lost $19.7 million in 2020. With the losses inquired about, the company’s operation in Canada was shut down after their major partner in Canada, CannMart, withdrew its partnership.
Dan Bilzerian also blamed the Canadian government because of its restrictions on sales, marketing, and distribution of the product. In addition to the reasons for their shutdown in the country, were many barriers that hindered the success of establishing a cannabis business in the country. In an interview, he revealed that he thinks that he will sell the company in a couple of years.
His Net Worth has Decreased Through Some Legal Actions
Dan Bilzerian was apprehended at the Los Angeles International Airport on November 9, 2014, due to unconnected bomb-making charges. The poker player was reportedly arrested on a fugitive warrant from Nevada, which was filed in LAPD’s specific division.
Though he was released the same day of his arrest with the charges dropped. He was still arraigned on January 2015 in Clark County, Nevada. Dan Bilzerian was later fined $17,231.50 in February 2015 after he pleaded no contest to the criminal charge of negligently failing to extinguish a fire in the open.