Dan Bilzerian Net Worth 2024: Is the King of Instagram Actually Broke?

Dan Bilzerian, widely known as the “King of Instagram,” has cultivated a larger-than-life persona, capturing the attention of millions with his extravagant lifestyle filled with private jets, luxury cars, yachts, and lavish parties.

Born into a wealthy family with a controversial financial history, Bilzerian has claimed to amass his fortune through professional poker, business ventures, and social media endorsements.

Despite constant scrutiny over the actual source of his wealth, including allegations tied to his father’s trust fund, Bilzerian maintains an estimated net worth of $100 million in 2024.

A self-styled entrepreneur, Bilzerian is the face behind Ignite International Brands, a company focused on lifestyle products like CBD oils and vaping devices. Though Ignite faced significant financial challenges in 2019, the company has since gone private, and Bilzerian continues to leverage his social media empire to sustain his image and wealth.

Dan Bilzerian’s Net Worth: Full Breakdown

Dan Bilzerian has earned millions through his social media presence, movie appearances, shows, and poker wins.

While he openly displays this wealth, his exact net worth is challenging to pinpoint as not all of it is public information. Curtis Heffernan, the former president of his company, Ignite, claims that Bilzerian has used a massive amount of company funds (at least $840k) for personal use.

If he’s right, Bilzerian may actually be much less well-off than he says he is and could even be totally broke following the disastrous state of his business. Nevertheless, we will do our best to present you with the most accurate estimation of the sources that contribute to his fortune.

7 Fun Facts about Dan Bilzerian

1. Instagram Fame: Dan Bilzerian became widely known for his Instagram account, where he shared extravagant posts about his luxurious lifestyle, featuring high-stakes poker games, private jets, exotic locations, and large groups of women. He currently has millions of followers.
2. Poker Career: Although often referred to as a professional poker player, Bilzerian’s actual poker career is debated. He has claimed to have won tens of millions of dollars through private games, though his presence in official high-stakes poker tournaments is limited.
3. Military Background: Dan tried to become a Navy SEAL but did not complete the training. He has shared stories about his military training, and this experience has added to his tough-guy persona.
4. Acting Cameos: He has made appearances in Hollywood movies, including “Lone Survivor” (2013) and “The Equalizer” (2014). He has also produced some movies through his entertainment ventures.
5. Family Wealth: Dan’s father, Paul Bilzerian, was a corporate takeover specialist who earned significant wealth in the 1980s but also faced legal troubles related to securities fraud. Many speculate that Dan’s wealth stems from his father’s fortune.
6. Gun Collection: Dan is known for his extensive gun collection and love of firearms, often showing them off on social media. He reportedly spent millions on weapons and security-related equipment.
7. Controversies: Over the years, Dan has been involved in numerous controversies, from lawsuits related to his poker dealings to accusations of assault and battery. He’s also been a polarizing figure due to his often objectifying portrayal of women.

Latest Update & News on Dan Bilzerian

Despite the controversies surrounding his wealth, including claims that much of his fortune comes from a trust fund set up by his father, Bilzerian continues to assert that poker and business ventures are his main sources of income.

His business, Ignite International Brands, which focuses on vaping and CBD products, faced substantial losses in 2019 but has since gone private and avoided major legal challenges after a series of lawsuits​.

Bilzerian remains active on social media, with over 33.4 million Instagram followers by 2024, often showcasing his luxurious lifestyle, from private jets to high-profile parties. His influence on platforms like Instagram continues to add to his wealth through sponsorships and brand deals​.

In addition, he has ventured into cryptocurrency, reportedly making millions based on advice from friends, further diversifying his income streams ​(Players Bio). However, legal disputes still follow him, with lawsuits connected to the management of his company funds continuing to cast shadows over his financial image

Dan Bilzerian’s Early Life

Daniel Brandon Bilzerian, born on December 7, 1980, to Terri Steffen and Paul Bilzerian, has Armenian roots from his father’s side. During his childhood, he attended Gaither High School in Florida, where he spent most of his early years.

Paul Bilzerian, his father, was a private equity takeover specialist who achieved millionaire status by the age of 36. When he was 36 years old, his father had a net worth of over $40 million, so his family resided in the biggest property in Tampa Bay.

The family lived quite a luxurious life until Paul Bilzerian was indicted for security and tax fraud. Dan Bilzerian was only eight years old at the time.

Following the indictment, his father declared bankruptcy in 2001, citing debts of $140 million against assets amounting to only $15,000. To avoid arrest, he eventually fled to the Caribbean.

There are claims that Paul Bilzerian set up a trust fund for his sons, Dan and Adam, valued at around $12 million before these legal issues arose. However, the extent to which these funds contribute to Dan Bilzerian’s net worth remains unclear.

Others portend that Paul Bilzerian secretly set aside much more money that he earned from his various criminal actions for his sons. Critics say that this is how Dan Bilzerian became so wealthy and that it wasn’t anything that he did.

At one point, Dan Bilzerian said that he signed over a third of his trust fund to help his father get out of jail, confirming that there was, indeed, a trust fund.

Today, Dan Bilzerian is married to Hailey Grice.

Dan Bilzerian Net Worth: Unveiling the Path to His Multi-Million Dollar Success

Dan Bilzerian has an incredibly interesting story. His journey includes a stint in the Navy, an allegedly successful poker career, several large (though mostly unprofitable) ventures, and of course, his tremendous success on social media. Let’s see how all this contributed to his estimated net worth.

Dan Bilzerian’s Time at the Navy

In 1999, Bilzerian enlisted in the Navy where he served for four years. He later attempted Navy SEAL training, despite facing serious injuries from his days in the Navy.

After two attempts to pass the Navy SEAL training program, and after he was rolled back once, the Navy kicked him out two weeks before graduation. Reportedly, this happened because of an incident with one of the administrators over a violation on the gun range though Bilzerian has claimed that it was because he broke his legs.

He spoke about this period of his life in an In-Depth interview with Graham Bensinger:

Following this failure, Bilzerian decided to leave the Navy altogether and pursue a college degree, so he enrolled at the University of Florida where he studied business and criminology.

However, he decided to drop out before he completed the degree and focused on his new career as a professional poker player.

Dan Bilzerian’s Professional Poker Career

In 2009, at the age of 29, Dan Bilzerian entered the professional poker scene and in that same year, he participated in the World Series of Poker Main Event, where he secured the 180th position and won around $36,000.

Bilzerian later claimed in one of his interviews that he earned $50 million playing poker in 2014 alone, and revealed that his biggest loss in a single game was $3.6 million.

Soon after diving into poker, Bilzerian gained a new reputation as a “poker playboy”. On November 30, 2013, he tweeted about playing the game with $13 million in front of him at stakes of $5K and $10K, showing how thrilled he was to be doing that.

The following morning, he posted “Won 10.8 million last night playing poker, headed to Puerto Vallarta to relax”.

Dan Bilzerian’s cumulative poker winnings (or losses) remain private, and it’s very challenging to make an estimate. If we trust his social media posts and interviews, he has won over $60 million playing the game, but this has been called into question by various poker stars and others.

These critics say that Bilzerian isn’t really a good poker player and is just using it to explain away the massive amount of illegal money that he (allegedly) inherited from his father.

Bilzerian often shares small glimpses into his poker games, as well as his extravagant lifestyle, especially on his Instagram account. In 2010, Bluff Magazine named him the funniest poker player on Twitter. And while he doesn’t officially have huge wins in official tournaments, Bilzerian has reportedly earned millions playing in private poker events.

Notably, he hasn’t been too successful in public games and tournaments.

Dan Bilzerian’s Business Ventures

Bilzerian is also an entrepreneur and the name – and money – behind some large businesses.

For starters, Dan Bilzerian owns Ignite, a brand that sells electronic cigarettes, vodka, water bottles, CBD oils, and more. Ignite International Brands Ltd was launched in 2018 in the US, followed by another branch in the UK in 2019. The headquarters of the business is in Vaughan, Canada.

Unfortunately for Bilzerian, Ignite seems to be failing.

In 2019, it faced serious financial challenges and reported losses exceeding $50 million. It was debated that these financial difficulties were in large part the result of Dan Bilzerian’s extravagant lifestyle. Curtis Heffernan, the former president of his company, is suing him over wrongful termination and making various other allegations. According to the lawsuit, Bilzerian used the company’s corporate funds to cover endless personal expenses related to parties, properties, and other purchases.

The company paid $2.4 million per year in rent for his mansion (which he claimed that he owned for years) in addition to covering hundreds of thousands of dollars for other expenses. He also used it as the platform to sell his authored book The Set-up. The book tells the story of how he supposedly made his wealth.

According to Forbes:

The house and everything else — the models, the flights, the yachts, etc. — is charged to the corporate tab of Ignite International Ltd., the company Bilzerian founded and serves as CEO and majority shareholder, according to Curtis Heffernan, Ignite’s recently ousted former president.

Though Ignite is still struggling tremendously, it went private in August 2022 and it has mostly avoided major bad news since. Bilzerian is still in hot water because of the lawsuit

While Dan Bilzerian’s stake in Ignite is not public information, he remains the chairman and CEO of the company. His father, Paul Bilzerian currently serves as an adviser for the company.

Latest update: While Ignite faced significant financial challenges in 2019, with reported losses of over $50 million, the company went private in August 2022. Since then, Ignite has avoided major legal controversies and has been working to stabilize its operations. Despite these changes, Bilzerian still faces lawsuits related to his management of company funds.

Dan Bilzerian’s Acting Career

Dan Bilzerian is not only a poker player and entrepreneur – he is also a former actor. His acting career was short and hasn’t yielded anything new in recent years, but it’s definitely worth mentioning.

His first debut was in a minor role in “Olympus Has Fallen” in 2013, where he played alongside Morgan Freeman and Gerard Butler. This allowed him to get more opportunities in the movie industry, so he also appeared in:

• “Lone Survivor” (2013)
• “The Equalizer” (2014)
• “Cat Run 2” (2014)
• “Extraction” (2015)
• “War Dogs” (2016)

In addition to his movie roles, Dan Bilzerian has also produced an animated cartoon series named “Blitz Real Hollywood Stories” in 2017. The cartoon series tells Dan Bilzerian’s story in cartoon form.

We couldn’t find any information about his movie earnings or how much this contributed to Dan Bilzerian’s net worth.

Dan Bilzerian on Social Media

With over 33.4 million Instagram followers as of 2024, Bilzerian’s social media presence continues to be a massive driver of his wealth. Sponsorships, brand deals, and his ability to monetize his social persona contribute significantly to his overall net worth.

The Instagram king has received a high level of notoriety thanks to his social media activity – and a fortune, too. His Instagram account counts over 32.8 million followers as of November 2023.

On Instagram, followers can witness his luxurious lifestyle. His account has mostly revolved around models, luxury, wealth, and guns.

He even dubbed himself the “Playboy King of Instagram” and shared that he had three heart attacks before he was 32 years old!

In 2017, Dan was present during the Las Vegas mass shooting and filmed himself that same evening. At one point, he filmed himself asking a policeman to give him a gun during the attack, but soon gave up on the idea and headed back home.

Over the years, Bilzerian’s Instagram content has consistently gone viral. His massive following probably added millions of dollars to his net worth, but we don’t know the exact number.

Dan & Cryptocurrency

In recent years, Bilzerian has also ventured into cryptocurrency. After receiving advice from a friend, he reportedly made millions from investing in digital currencies, further diversifying his income streams

Dan’s Legal Problems

Over the years, Dan Bilzerian has had trouble with the law on several occasions.

Poker Incident

Bilzerian’s first major incident came during his poker career.

Back in 2011 when the Ponzi scheme artist Bradley Ruderman was sentenced to prison, Dan Bilzerian and ten others were requested to pay back the money they won against him in poker to help pay back his victims.

They were all sued, but there’s no information about how much – if anything, Dan Bilzerian paid the estate. Tobey Maguire, one of the people sued for the high-stakes poker games, agreed to pay $80,000 to settle the lawsuit.

Dan Bilzerian on the International Wanted List

In 2018, Dan Bilzerian had a major incident during his trip to Armenia.

In August of 2018, four years after Bilzerian’s Armenian citizenship request was approved, he traveled to Armenia and took an oath required for citizenship. However, after he took his oath, Dan Bilzerian went to a shooting range in Artsakh, one of the Azerbaijan-occupied territories, and allegedly fired weapons and used grenades.

This prompted a Baku court to issue an arrest order for the illegal use of weapons and put him on the international wanted list. According to the appeal they sent to Interpol, Dan Bilzerian was promoting “the illegal regime”.

Dan has since said:

They only issued the warrant for my arrest, and nobody else on the trip. I think it’s because I am a public figure and they want to try to make an example out of me.”

Soon after, Armenia urged Interpol to dismiss the prosecution as political. However, the investigation continues to this day.

“Lone Survivor” Lawsuit

In 2014, Dan Bilzerian sued the producers of one of the movies he acted in.

He sued the “Lone Survivor” producers because they promised him 80 words of dialogue and 8 minutes in exchange for a million dollars, but his role in the movie was reduced to less than a minute.

The lawsuit requested $1.2 million, but he dropped it soon after due to bad publicity. It is unknown how much he made from his screen time in the movie.

Griffith vs. Bilzerian Lawsuit

In 2014, Dan was tangled in another lawsuit with Janice Griffith, a pornographic actress that he threw off a roof into a pool as part of a Hustler photoshoot.

Reportedly, Griffith broke her foot when she fell and sued Bilzerian for $85,000 for her injuries. The outcome of this lawsuit is unknown.

Airport Charges

In Los Angeles in 2014, Dan Bilzerian was held by airport security on suspicion of making bombs. He pleaded no contest to “negligently failing to extinguish an open fire” in February 2015 and was given a fine of $17,000.

Dan Bilzerian in Politics

In 2015, to everyone’s surprise, Dan Bilzerian announced that he’d be running for President of the United States.

Not long after, he decided not to pursue the presidential role and endorsed Donald Trump instead, in 2016.

Funnily enough, while he was endorsing Trump, he also rented his private jet to Hillary Clinton during the campaign.

Philanthropy

Part of Bilzerian’s social media showcases his investments in charity and philanthropic endeavors. For starters, he contributed to the Livestrong Foundation, created by Lance Armstrong.

In 2018, Dan Bilzerian had an idea to help people while doing what he loves – playing poker. He hosted a poker tournament in his Las Vegas home, where he charged participants $1,000 as an entrance fee. All the proceeds from the event were invested in medical research.

He also started his own humanitarian project called “The Robin Hood Project” where he donated money to people who need financial assistance – up to $10,000 a person. He’s helped many disabled people thanks to this project.

What Else Does Dan Bilzerian Invest In?

In addition to his business ventures, Dan Bilzerian has also invested in real estate, his private jet, and his very expensive car collection.

Real Estate

Dan Bilzerian officially lives in Las Vegas, Nevada, although this is mainly for tax purposes. He’s actually spent the better part of the last decade in Bel Air and the Hollywood Hills.

Back in 2014, Bilzerian bought a property in Summerlin South worth $4.1 million. Three years later, he sold the house for $5.1 million.

Following the sale, he bought a new house very close to the old one, spending $10 million on it.

In 2018, Dan rented a four-story Bel Air mansion for $50,000 a month, money that he charged to his company. His Hollywood Hills home, where he spent a lot of time, too, was also a rental worth $39,000 a month.

Private Jet

It’s no secret that Dan Bilzerian owns his own jet – he has many photos with it on his Instagram account. The jet is a 1987 Gulfstream G-IV. During the Presidential campaign in 2016, Bilzerian often rented his plane to Clinton, though he did this through a third-party charter company.

Car Collection

Bilzerian’s social media is also filled with expensive cars, though we cannot pinpoint their exact number. What we do know is that Dan Bilzerian owns a Mercedes AMG G63 Brabus worth around $1.5 million and a Rolls Royce worth around $250,000.

What Can We Learn From Dan Bilzerian’s Success?

Dan Bilzerian’s journey to becoming a multimillionaire (if he wasn’t one from birth) is long, marred with controversy, and full of life lessons. Whether we are talking about his four years in the Navy, his highly profitable poker career, or entrepreneurial endeavors like Ignite, he demonstrates how advantageous it can be to explore multiple different paths to find success.

In fact, Dan Bilzerian demonstrates a depth of adaptability. He is brave enough to embrace various opportunities and remains open to different fields. This can be a key driver of financial success.

In addition to this, Dan Bilzerian has played a pivotal role in shaping his own public image using social media, and even this contributed a fortune to his financial gains. This teaches us that social platforms are highly important today in building personal brands.

Finally, his various mistakes from allegedly using company funds for personal expenses and throwing someone off of a roof, whether he learned from them or not, should be great examples of what not to do.