What did Dan do to make money? You might wonder how this billionaire playboy who gives money to charity pays for his life. He says he won more than $50 million from poker in one year.
The real question might be how he got to have that fake golden facade in the first place. And how did everything fall apart? How did Dan Bilzerian go from a guy who was kicked out of high school for bringing guns to school to a guy who was living almost the dream life to a guy who has been called out by the whole internet for being a fake and a fraud the whole time?
After many hours of research, I can tell you about the rise and fall of Dan Bilzerian, a man who built his life on a lie. He had expensive vacations, a high status, and the freedom to do anything he wanted.
Dan Bilzerian sentenced to jail
All Bilzerian going to jail set off a chain of events that led to Dan Bilzerian’s problems. Dan Bilzerian was picked on at school a lot when he was a teenager because his father was in jail. He said it was traumatic because he had to go to school and all the other kids were making fun of the fact that his father was going to jail.
It was kind of a traumatic moment. Dan stopped caring about school because of the bullying and maybe because he didn’t have a father figure at home. He started slacking off and got kicked out of school in seventh grade. After that, he moved in with his aunt and uncle, Dan Bilzerian.
Then he went to military school and then back to public school, where Dan made a pretty dumb choice that put him in jail.
So, what could Dan do instead of going to school? Well, he could have worked on a construction site or at a fast food restaurant, but neither of those seems like a good fit for his personality.
Dan Bilzerian joined the military at age 18 with the goal of becoming a Navy SEAL. Dan Bilzerian broke both of his legs as soon as he started military training, probably because he trained too hard.
Just as everything showed, Dan wasn’t able to finish military training. Because of his injuries, Dan had to leave the military. At the time, this was a big disappointment, but he later said that it was a blessing in disguise.
Dan Bilzerian decided to go to college when he was about 22 years old. He had to leave the military, so he went to school to learn the skill that he thought would make him rich.
I had some fraternity brothers who were really into it, and they taught me a little bit. Do you remember how we said at the beginning of our story that Dan Bilzerian had a brother?
Poker career after leaving the army
His brother taught him how to play poker, and after he got an honorable discharge from the military and got $6,000, Dan Bilzerian started playing poker. Dan started playing with his brother, then with college friends, and finally online. He wasn’t very good at first, though, because he went broke in his sophomore year of college, just one year after he started. His solution wasn’t to stop gambling and find a surefire way to make money, but to sell three guns to pay for more gambling.
Real poker pros have completely destroyed many of Gamble’s Aryans poker games to show how bad Dan is at the game.
Gamble’s Aryans seemed to keep getting into trouble with poker until 2010, which is when Dan Bilzerian’s life really began to take off.
So far, Dan joins the military, drops out, goes to college, learns how to play poker, and makes millions of dollars between the ages of 25 and 30, which is where our story will continue.
Now, even though dad was a multimillionaire by the time he was 30, his life wasn’t all smooth sailing. In 2011, dan broke up with his Playboy model girlfriend just after moving to LA. I was dating this one girl, and she was a Playboy Playmate when we broke up. On the surface, this seems like a bad thing, but den saw it as a good thing because he was now free to do whatever he wanted, whenever he wanted, which helped him complete his bucket list.
2011 was also the year that his father gave him access to a trust fund with millions of dollars. Later, Dan Bilzerian said that he only took a small amount and gave the rest back, saying that he didn’t really need or care about the money.
Dan started putting pictures of his crazy life on the photo-sharing app Instagram whenever he wanted to. He started doing this in May 2012. He wasn’t trying to get famous, but was it all part of a plan? Or did you just have fun? Nah, man, I was just who I was, and I was never really going to be famous.
Daniels is one of Aaron’s 24 million fans. Dan’s Instagram Empire was big enough for him to start his own brand called “ignite,” which sells clothes, drinks, and different kinds of smoking products.
At this point, it’s safe to say that everything seems to be going well for Dan Bilzerian on the surface. He has unlimited girls, a lifestyle that 99.9% of people could only dream about, wealth beyond belief, and his own company. What could possibly go wrong? Well, when dad’s company went public, the stock price dropped from $2.50 per share to 54 cents per share, which is a drop of about 80%. All of the company descriptions started to say how important it was to be real, and Dan said that this was also his own personal philosophy.
Was he a fraudster all along?
Dan Bilzerian’s inability to tell the truth about where his money came from, his refusal to say how much he had won from poker, and the way he really lived may have caused investors to stay away from his company. Even if he had won all of his money from playing poker instead of inheriting it, that would only hurt his case because it would show that he didn’t have any experience.
According to a lawsuit filed this week, Dan Bilzerian rents out his house and puts the rest of his six-figure lifestyle on a credit card that someone else pays off. His company, ignite, lost $50 million last year and is likely to fail.
Now tell me why this is so funny. Well, just a week before, Dan Bilzerian had shown Kevin O’Leary the property statement and told him that it had been bought for $65 million.
An article said that Dan was Aaron’s dad and that Paul Bowles Arian was running ignite from behind the scenes on June 6, 2020, when he was on a call with Paul Bilzerian.
Just to put the icing on the cake, Dan Bilzerian said that he spoke to his data and that he talked to him four or five times a year. This is interesting because his dad is supposedly running the company behind the scenes. Since all of this information came out, the stock price of Ignite has dropped from 90 cents per share to 26 cents, which is a drop of about 70 percent. Ignite recently said that it would lose $50 million a year, which happened in the last four months.