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He’s the self-proclaimed king of Instagram. In the 21st century, Hugh Hefner earned his social media fame by machine-gunning drones and throwing naked models off roofs.
But Dan Bilzerian’s private jet and endless bikini girl Playboy lifestyle remain an enduring mystery. where does his money come from?
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Bilzerian, now 42, certainly doesn’t hesitate to flaunt his wealth.
His infamous Instagram feed is filled with photos of fast cars, yachts, fancy Vegas and LA mansions, and tons of guns.
And he’s always surrounded by a bevy of sexy models either in bikinis or nothing.
One such photo landed him in hot water when he posted a shot of him using a topless model as a table in honor of International Women’s Day.
On another occasion, he threw porn star Janice Griffith, 18, off the roof of her Los Angeles home into a pool.
However, she broke her leg on the concrete ground and sued him.
The ridiculous stunt only helped Bilzerian gain tens of millions of followers and become the original king of influencers.
Fans were taken aback when he revealed his spending habits in 2017 during a tour of the party mansion in Las Vegas.
Besides the gold condom and gun on his bedside table, Dan showed off a $40,000 suit he’d never worn.
And in the garage was a 1965 Shelby Cobra worth $1.8 million that he hadn’t driven in three years.
He claims his hedonistic, full-throttle lifestyle cost him two heart attacks by age 35.
At one point, his fame led to rumors that he was planning to run for president of the United States.
The source of his free flow cash has always been difficult to establish.
Bilzerian claims to have made as much as $200 million as a professional poker player.
He says he started gambling seriously in college after being kicked out of Navy SEAL training for fighting an officer.
In one interview, he said he went bankrupt from gambling losses and was forced to sell his gun for $750.
But he used it to win $10,000, flew to Vegas and won $187,000.
He started a successful professional career because he learned to “play better”.
Although he rarely appears in top tournaments, he claims to have made a ton of money playing private games with billionaires.
high roller
According to him, the highest amount he lost in a single day was $3.6 million.
Another time, he reportedly lost $2.3 million on a coin toss.
But in 2013, he claimed to have won $10.8 million in a game of poker and flew to a beach resort in Mexico to “relax.”
As he once said:
“But I play with T-ballers[beginners who hit tees].
“If you think of poker like a business, I’d be like Bill Gates.
“I won over $50 million in poker. Who else did it?
In another interview, he claimed he didn’t care if people believed he was actually bad at poker.
Others, however, suggest that he’s really a trust fund kid, earning his crooked father’s millions of dollars.
Dan is the son of notorious Wall Street corporate raider Paul Bilzerian, who was jailed for securities fraud in 1989.
Federal officials have spent 30 years tracking down the $62 million he was ordered to pay back in 1991.
hidden millions
According to various legal documents, Paul allegedly transferred assets to a complex web of offshore companies and family trusts in the 1990s.
A judge said in 2001, “It is clear that he did this intentionally to keep his assets out of reach of his creditors.”
At least one trust was set up for his two sons, Dan and Adam.
The judge said Paul was one of those organizations that “appeared to be trying to hide their assets,” but the sons were not accused of wrongdoing.
Another judge then allowed Dunn to sell millions of dollars worth of trust shares, legal documents show.
In past interviews, Dan has admitted to being the beneficiary of a trust his father set up, but did not disclose how much he received.
However, another article claimed to have refused to pay the 30 and 35 year olds.
He told YouTuber Graham Bensinger:
“It didn’t seem like a big deal…I don’t think I’ve ever wanted anything from anyone without being able to sort of reciprocate.
“So my father seemed to have lost me some money on some transactions…so I took a little bit of it and gave away the rest.”
Most recently, he claimed to have made another fortune from the cryptocurrency boom.
He told Jackass star Steve O’s podcast that he only reluctantly got involved after someone who owed him millions of dollars in a game of poker offered to settle his debt with Bitcoin.
And he claimed he only remembered when a friend told him years later that cryptocurrencies would “disappear.”
Despite forgetting the password, he was able to retrieve the wallet on the laptop and realized he was gambling a lot of money, he said.
He then claims to have cashed in millions of dollars after buying Ethereum and other cryptocurrencies and riding the “wave” to make “a lot of money.”
grand spending
During that time, he used his internet fame to launch a business selling CBD oil and vaping products called Ignite.
The Sun was invited to his UK launch party. At that time, he rented an entire London hotel for his £500,000.
Dan flew a bevy of leggy Instagram models on a private jet for a glitzy party in 2019.
However, the company’s finances have proven to be just as controversial as his own.
In 2020, Bilzerian was sued by Ignite Vice President Curtis Heffernan. Curtis Heffernan has accused the company of using the company to finance his lavish lifestyle.
He claimed he was fired for refusing to approve extravagant spending, including a $18,000 bar tub and a $15,000 ping-pong table.
Other expenditures mentioned in the legal documents included a $75,000 paintball field, a $40,000 rock climbing wall, a $60,000 Star Wars gun set, a $31,000 pool renovation, and a $50,000 bed frame. was
The company also reportedly paid an eye-popping $200,000 monthly rent on the Bilzerian mansion in Bel Air.
Her boss reportedly said she needed it to host pool parties and marketing events.
Yacht rentals, private jet trips with models, and a $130,000 photo shoot in the Bahamas were also said to have been billed to the company.
The lawsuit also alleges that he paid $26,000 for promotions to increase Bilzerian’s Instagram followers.
At the same time, Ignite reported a loss of $50 million in its first year, according to Forbes.
The marketing budget alone exceeded $16 million, more than doubling sales that year.
According to the company’s report, Ignite has raised a large sum of money by issuing shares and borrowing from investors.
Then, according to Forbes, the epic spending continued even as the stock price plummeted.
According to the account, the cash was used for license fees, business expenses and travel expenses for the company “owned by the CEO.”
Ignite also received over $1 million in government cash under the Covid Assistance Scheme.
The ongoing lawsuit doesn’t seem to have dampened Bilzerian’s desire to party.
His Instagram feed is filled with glamorous new pics of him with gorgeous models and VIP pals.
The question remains: where does all the money come from?
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