Investors in cryptocurrency are licking their wounds after the cryptocurrency market crashed, some digital currencies have become basically worthless wiping out personal savings. Bitcoin, the biggest and oldest of the cryptocurrencies, is down nearly 60 percent since the start of the year floating around $20,000.
On a recent episode of the Impaulsive podcast, Jake Paul’s older brother Logan Paul, told viewers that despite tens of millions in winnings, his younger brother is “poor”. For his part, Logan says he’s lost over half a million in the crypto winter.
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Is Jake Paul really broke?
The YouTuber-turned-boxer was featured on Forbes’ Highest-Paid YouTube Stars list published in January 2022, in second place after MrBeast. The American business magazine estimates he raked in $45 million in 2021, 90 percent of that attributed to income from his successful boxing career.
However, according to Jake he brought home more than that. On an Instagram he related a story about his dad asking him if he really made that much, thinking the publication had overestimated. “The answer was, ‘yes Dad, and in fact the numbers are slightly low’,” the celebrity said.
He’s won five times as a professional taking home multi-million dollar purses.
Is Jake Paul really broke?
Depending on how much of his 2021 earnings he’s sunk into Bitcoin and other digital assets, he probably won’t be homeless anytime soon, claiming that he got into the game early. If he got on the 2021…
