Jake Paul's Net Worth Will Blow You Away
Love him or hate him, Jake Paul knows how to make money. And after Paul, the YouTube star-turned-professional boxer, suffered his first loss at the hands of Tommy Fury on Feb. 26, 2023, in Saudi Arabia, the self-glossed "Problem Child" displayed a quality few had expected to see from the Cleveland, Ohio native — humility.
Paul, 26 years old, literally and figuratively took the loss to Fury on the chin. He offered no excuses for the defeat, which came from a split decision. He promised there would be a rematch. He vowed to fight better the next time around. He credited Fury for being the better boxer on that night.
Therein lies the genesis of Paul's genius. And fortune. For over a decade, he's been able to find new and interesting ways to recreate himself in an era of fleeting fame on social media, where celebrity seems to come and go quicker than we've ever seen in American culture.
Along the way, he's amassed a net worth that will make your head spin. Here's how he did it.
It All Started With YouTube
By the time Jake Paul was 10 years old in Cleveland, Ohio, he was filming himself and posting videos on YouTube alongside his older brother, social media star (and also sometimes boxer) Logan Paul.
Jake Paul was the first to hit it big with social media on the now defunct app Vine, which let users create six-second clips. It was an early version of TikTok, essentially, and Paul created one of the largest followings in the world with 5.3 million followers and 2 billion views.
By 2014, when he was 16 years old, he'd started his own YouTube channel that became known for his pranks and burgeoning rap career.
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Disney Goes Into Business With Jake Paul
Few corporations can create a clearer path to fame and fortune for child and teenage actors than Disney, which was desperate to find a foothold in the world of social media and internet celebrities in the 2010s and thought it had found the perfect vessel in Jake Paul.
Paul was hired to be on the hit Disney show "Bizaardvark" in 2016. He played a character called Dirk Mann, who is part of a house full of other teenage internet celebrities and has a channel on "Vuugle" (the show's meta version of YouTube), doing a show called "Dare Me Bro" in which he pulls off an increasingly obnoxious series of pranks on his neighbors.
This is where real life began to blend with the show. Paul was eventually fired midway through the second season when Los Angeles TV station KTLA aired a news segment on how Paul's pranks were terrorizing his neighborhood of Beverly Grove.
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'Team 10' Blows Up the Spot
In 2018, Jake Paul announced his first venture after being fired from the Disney Channel show "Bizaardvark." He created the Team 10 corporation with $1 million in capital from various corporate investors to focus on teenage-themed entertainment, aka social media networking, and what we know now as an influencer house.
Paul's first success with Team 10 came with his hit rap song "It's Everyday Bro," which accumulated 70 million views in its first month on YouTube and as of February 2023 had almost 300 million views. The song went certified platinum, and Paul even put out a remix with rapper Gucci Mane.
At the end of 2018, Jake Paul was No. 2 on the Forbes list of the highest-earning YouTube stars for the year with a reported $21.5 million in income off the YouTube channel alone. His older brother, Logan Paul, was at No. 10 with $14.5 million. By the time he was 21 years old, Jake was already a multimillionaire.
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Nascent Beginnings of Boxing Career
One of the biggest sources of income for Jake Paul in recent years has been his boxing career, which started in 2018 with him challenging fellow social media stars to fights. His first bout was in August 2018 against Deji Olatunji, the younger brother of social media star KSI. Paul won the fight via technical knockout in the fifth round.
It was around this time that Paul began to overlap his boxing and entertainment careers totally — another deft move — releasing music that seemed tied to both. His older brother, Logan Paul, also began to pursue professional boxing. In 2021, he founded the company "Most Valuable Promotions" to stretch over both endeavors.
Knockout of Former NBA Star Steals Spotlight From Mike Tyson
After winning his first exhibition match in August 2018, Jake Paul made his professional boxing debut on Jan. 30, 2020. He won by technical knockout over fellow social media star AnEsonGib in Miami as the undercard to a WBO world middleweight title bout between Demetrius Andrade and Luke Keeler.
Paul's fame and boxing career took a seismic leap forward on Nov. 28, 2020. That's when he fought former NBA star Nate Robinson on the undercard to the highly anticipated exhibition match between former champions Mike Tyson and Roy Jones Jr.
Paul's violent knockout of Robinson stole the show — as did the ringside commentary by rapper Snoop Dogg. And a boxing star was born.
Boxing Earnings Go Through the Roof
What happens when you take a social media star and cross them with a professional athlete? You get Jake Paul. And you get major bank.
Over 2021 and 2022, Jake Paul continued taking professional boxing matches — exclusively against former MMA fighters — and pushed his record to 6-0 with wins over Ben Askren, Tyron Woodley (twice) and Anderson Silva.
The money he made from fighting was ridiculous, placing him not only on the Forbes list of the highest-paid social media stars in both years but also the highest-paid athletes in the world, earning a reported $38 million in 2022.
Paul answered the criticism of him only fighting former MMA guys by setting up the fight against Tommy Fury in February 2023 — an actual professional boxer — for a reported payday of $10 million for Paul and around $3 million for Fury.
Jake Paul's Net Worth in 2023: $40 Million
According to Celebrity Net Worth, YouTube star/pro boxer Jake Paul's net worth was already around $40 million at the beginning of 2023, and there are no signs of slowing down his earning potential.
With older brother Logan Paul's net worth at an estimated $45 million, it means the two siblings are on pace to pass a collective $100 million in net worth before each of them even reaches 30 years old. Pretty incredible.
Jake Paul Earnings By Year: 2018-2022
Jake Paul's potential earnings in the future seem limitless. Take a look at what Forbes has reported as his yearly earnings over the last five years:
- 2018: $21.5 million
- 2019: $20 million
- 2020: $30 million
- 2021: $45 million
- 2022: $38 million
Controversy at Almost Every Turn
One part of becoming a social media star is courting controversy. This is something Jake Paul has done at every step of his career.
Paul has at different times been accused of funding online scams for "life courses" at $7 per session, promoting "mystery box" prizes that participants never received and, like many, many celebrities in the 2020s, getting caught up in a cryptocurrency scam.
Throughout the pandemic, Paul ran into trouble over and over again by throwing parties at his mansion in Calabasas, California, throughout 2020. The home was eventually the target of an FBI raid in August 2020 as part of an "ongoing investigation," which was never specified and ended with no charges being filed against Paul.
There was also the infamous "Got Your Hat!" incident before Logan Paul's 2021 fight against former champion Floyd Mayweather. Jake Paul snatched the hat off of Mayweather's head following a news conference.
How Will Jake Paul Reinvent Himself Next?
Here's the thing about boxing careers. They don't usually last for a long time, and they don't usually end well for those involved. The long-term health risks are extraordinary. So we shouldn't count on seeing Jake Paul fight into his 30s, although he will definitely hit another big payday for his rematch with Tommy Fury in the second half of 2023.
The logical next step for Paul seems to be professional wrestling and the WWE, which his older brother has already made headway into, replete with an electrifying move during the Royal Rumble in San Antonio in January 2023.
Jake Paul has already made an appearance at a WWE event, showing up at his older brother's Crown Jewel match against Roman Reigns in November 2022 in Riyadh, Saudi Arabia — the same location where Jake Paul fought Tommy Fury in February 2023.
After that, it's not hard to see a path to Jake Paul and Logan Paul becoming action movie stars, a la former pro wrestlers Dwayne "The Rock" Johnson and John Cena.
Whatever happens, the money is sure to follow.