Former kickboxing champion, businessman, and social media star Andrew Tate has an estimated net worth of $12 million, according to Romania’s anti-terrorism organization – the Directorate for Investigating Organized Crime and Terrorism (DIICOT). Tate and his brother Tristan Tate are currently under house arrest in Romania on charges of being part of an organized crime group, human trafficking, and rape.
The report by DIICOT shone a light on Andrew Tate’s actual net worth and dispelled bombastic estimates that were circulating about his wealth in the past. Tate previously stated that he had a net worth of $100 million by age 31 and even jokingly referred to himself as the world’s first trillionaire.
Who is Andrew Tate?
Andrew Tate is an American-British kickboxer turned social media personality who gained notoriety for promoting an ultra-masculine and luxurious lifestyle. Image source: Andrew Tate
Born in December 1986 in Washington D.C., Emory Andrew Tate III is one of the biggest internet celebrities in the world, drawing an immense amount of attention from both his fans and detractors for sharing provocative (and often criticized) opinions on various pressing social and economic issues.
Tate started his martial arts career in 2005 and by 2009 he won the British ISKA Full Contact Cruiserweight Championship and was ranked as the number one fighter in his division in Europe. Fighting under the nickname “King Cobra,” Tate climbed the ranks to become the second highest-rated kickboxer in the world by 2012. After a brief stint in the UFC, he retired from being a professional martial arts athlete in 2016 with 76 victories and 9 losses.
After his fighting career, Tate pursued a number of different ventures, including starring in the UK’s Big Brother reality show, building a casino business in Romania, starting an adult webcam business, and more. In 2022, Tate started Hustler’s University, an online community and courses platform that teaches people how to make money online.
Tate famously came under the scrutiny of large social media companies in the second half of 2022. His posts and videos about women were reportedly the reason why TikTok, Facebook, Instagram, and YouTube banned him. After a 5-year ban, he was unbanned on Twitter after Elon Musk took over the social media company in late 2022. Commenting on his Twitter comeback, Tate wrote:
“It’s almost as if, on a long enough time scale, losing simply isn’t an option. Such is the way of Wudan.”
In late December 2022, Tate was arrested by Romanian authorities on charges of being part of an organized crime group, human trafficking, and rape. He is currently under house arrest after losing an appeal in January, with the judge noting that the possibility of Tate and his brother “evading investigations cannot be ignored.”
“The Matrix has attacked me,” wrote Tate in regard to his arrest, suggesting that he is being attacked for his ideas and opinions rather than for his actions.
The Matrix has attacked me.
But they misunderstand, you cannot kill an idea.
Hard to Kill.https://t.co/eBRKw7mabU pic.twitter.com/NmO1VbjqCo
— Andrew Tate (@Cobratate) January 8, 2023
What is Andrew Tate’s net worth in 2023? An in-depth report by Romanian authorities
On June 20, 2023, the Directorate for Investigating Organized Crime and Terrorism, a Romanian organization fighting organized crime and terrorism, published an exhaustive report about the extent of Tate’s assets. According to the DIICOT report, Andrew Tate’s net worth is estimated at $12 million.
The report claims that Tate’s assets include:
| Assets | Estimated Value |
|---|---|
| 15 luxury cars | $8 million* |
| 14 luxury watches | No estimate |
| Real estate | $2 million* |
| Cash EUR | €52,650 |
| Cash GBP | £10,370 |
| Cash USD | $17,430 |
| Shares in 4 commercial companies | No estimate |
| 21 Bitcoin | $588,000 |
*According to earlier estimates, not from the DIICOT report.
How has the “Top G” supposedly made his fortune
Over the years, Tate has claimed he had multiple sources of income, from earning prize money for kickboxing events to charging thousands of users $50 per month for access to Hustler’s University. Keep in mind that the following figures are estimates that Tate purported about his business in the past.
| Source of Income | Estimated Income |
|---|---|
| Martial Arts Career | $500,000+ in total |
| Casino Business | $1,000,000 per month |
| Webcam Business | Millions of dollars |
| War Room | Millions of dollars |
| Hustler’s University | $5 million per month |
*The figures in the table are very broad estimates, collected from Andrew Tate and Tristan Tate’s statements and several online publications that reported on Tate’s net worth over the years.
Martial arts career: $500,000+ in total
According to Tate himself, his fighting career wasn’t particularly lucrative, despite being a four-time champion. “The most money I got paid for a fight ever was one hundred thousand dollars,” noted Tate.
When speaking about his kickboxing earnings on a different occasion, Tate said:
“I made some money kickboxing, but I was never rich. Yea I made $50,000 – $100,000 per fight, but by the time you pay the manager, your kickboxing coach, and everyone else, there isn’t that much left over.”
If we take a modest estimate and say that Tate pocketed between $5,000 and 10,000 each time he fought – and given that he fought more than 80 times during his professional career – that would put his career earnings at about $500,000.
Casino Business: $1,000,000 per month
Tate’s casino business in Romania is shrouded in mystery. The only sources that can be found online are unofficial, poorly written, and don’t cite sources. According to Tate, he met with a Romanian mafia family who owned hundreds of casinos sometime after his fighting career ended and suggested to they build new casinos with electronic games only. Tate shared this story in one of his videos:
“The story is there were 3 brothers, mafia guys, who owned 400 casinos throughout eastern Europe. I came up with this plan, I went to them…
I’ll pay to open locations, so it costs you no money to be involved. I’ll give you a percentage of turnover, not profit. So even if it makes no money, you’re making money because it’s pure turnover.
And I’ll open up directly next door to your #1 competitor in Romania. So I’m going to go to war for you with my money.”
According to online sources, Andrew and his brother Tristan Tate reportedly own 15 casinos that generate $1,000,000 per month. However, that figure seems extremely unlikely, especially when accounting for the DIICOT report.
Webcam Business: Millions of dollars
Another business venture that is shrouded in mystery is Tate’s adult webcam business. Tate and his brother reportedly managed a studio with 75 women and took a cut of their online earnings over the years. Tate brothers have said that they have made millions of dollars operating the webcam business. Speaking about how easy it was for men to part ways with their hard-earned money, Tristan noted:
“Men will give all they have. I’ve seen men sell cars, TVs. With Chloe, this guy’s gran passed away and they were waiting for the sale of the house. When the house was sold he’d get £20,000 and promised it to Chloe, to pay for her fake financial problem.”
According to Tristan, the models made $4 per minute from fans.
War Room: Millions of dollars
As of 2021, the War Room reportedly had approximately 1,800 members, with each having to pay $5,454 for access to a collection of Tate videos that call on “the weak” to “wage war against [the matrix].” The product’s tagline reads as follows:
“The War Room is a global network in which exemplars of individualism work to free the modern man from socially induced incarceration.”
In addition, Tate sells supplements, merchandise, and tickets to real-life events as a part of the War Room. While it’s hard to say how much of Tate’s fortune has been generated by the War Room, Tate’s claims of users number would hint that it is in the millions of dollars.
Hustler’s University: $5 million per month
Similar to the War Room in concept, albeit targeting a broader audience, Hustler’s University is an online platform that features Tate and numerous other instructors that provide content on how to make money online. While Hustler’s University promises to teach users how to break away from the matrix, it teaches pretty rudimentary money-making skills, such as learning how to start copywriting or begin earning money with drop shipping.
As of August 2022, the website had reportedly amassed over 100,000 users, charging $49.99 for a month’s worth of access. If the widely publicized numbers of members are correct, that would mean that Hustler’s University alone made $5 million per month at its peak. Again, those numbers were shared by Tate himself, so it’s impossible to say whether those numbers are correct or not.
Andrew Tate’s car collection
Thanks to his multi-million dollar net worth, Andrew Tate has acquired a taste for a luxurious lifestyle, including mansions and private jets. Tate also has an impressive car collection, valued at over $5 million, that includes the $4.3 million Bugatti Chiron Pure Sport. On December 27, mere two days before his arrest, Tate shared a tweet aimed at environmental activist Greta Thunberg, saying he has 33 cars and that he would like to provide a full list of his cars’ “enormous emissions”.
Hello @GretaThunberg
I have 33 cars.
My Bugatti has a w16 8.0L quad turbo.
My TWO Ferrari 812 competizione have 6.5L v12s.
This is just the start.
Please provide your email address so I can send a complete list of my car collection and their respective enormous emissions. pic.twitter.com/ehhOBDQyYU
— Andrew Tate (@Cobratate) December 27, 2022
Greta fired back, saying he could email this information to “[email protected].”
Following the arrest, Tate’s car collection was seized by the police in Romania.
Andrew Tate & Crypto: Bitcoin and “Top G Exclusive” NFTs
Over the years, Tate has, on a number of occasions, mentioned his involvement with crypto and hailed digital assets as potentially lucrative investments.
In December, Altcoin Daily, a crypto-focused YouTube channel with 1.29 million subscribers, uploaded a video compilation of Tate’s takes on crypto. Speaking about the 2022 crypto downturn, Tate noted:
“Now is when you need to be panicking for money, not when crypto was spiking and everyone was talking about it and every dummy was making money. […] You need to be panicked now. Stack your bags now. Stick to the basics – Ethereum, Bitcoin – the coins are not going to go anywhere.”
He added that now is the time to buy as much Bitcoin as possible so “you can retire from life” in three years.
Items sold in Tate’s merchandise store come with “Top G Exclusive” NFTs. Image source: Top G Merchandise
Tate also has his own non-fungible token (NFT) collection called ‘Top G Exclusive’. A new NFT collectible on Ethereum is minted for each merchandise item sold in Tate’s online store. For what is worth, the “Top G Exclusive” collection’s utility is hard to discern. Here’s how the store promotional text reads:
“Very few of you will have the honor to say, you own a Top G Exclusive piece. We will be in touch with every single collector. We will reach out to you on The Blockchain. If you knew what was coming. You’d do anything to be on the right side of history.”
The NFT collection is described as an “experiment” that will allow for an exclusive community to be formed. However, the exact purpose of this community has not been revealed. “You’ll find out in the years to come,” reads the official statement.
Romanian police confiscated 5 BTC from Andrew and 16 BTC from Tristan Tate
In mid-February, Romanian police revealed that the Tate brothers had their BTC confiscated as a part of the human trafficking and rape charges investigation.
According to a spokesperson for Andrew and Tristan Tate, Mateea Petrescu, the confiscated hardware wallet by Andrew Tate contained 5 BTC (~$125,000 at current market prices). Meanwhile, the confiscated wallet belonging to Tristan Tate contained 16 BTC (~$399,000).
It’s impossible to say whether the Tate brothers have more Bitcoin and other crypto stashed away in addresses that have not been confiscated by the police.
When speaking on Andrew Pompliano’s crypto-centric podcast last August, Andrew Tate said that he had turned $600,000 into $12,000,000 investing in Bitcoin. “I’m going full crazy mister blockchain now,” he stated.
Bottom line: Pinpointing Andrew Tate’s net worth is virtually impossible
Love him or hate him, there is no denying that Tate made huge sums of money in the past couple of years. However, the exact details of Tate’s business ventures are often shady and impossible to find public records for. With that in mind, it is not surprising that estimates of Andrew Tate’s net worth varied as much as they did in the past.
However, the legal predicament that Tate finds himself in ultimately shone a light on the exact scope of his wealth, with Romanian authorities uncovering the extent of his wealth – about $12 million. That’s a far cry from what Tate claimed over the years.
Similarly to Tate, gauging the net worth of some of the most prominent individuals in the crypto space is just as hard, if not even harder. That’s doubly true for Do Kwon and Sam Bankman-Fried, both of whom have been embroiled in high-profile market collapses of the Luna cryptocurrency and FTX cryptocurrency exchange, respectively.
On a related note, give our article on Elon Musk’s net worth a read to learn how he became the first person in history to lose $200 billion.
Source: https://coincodex.com/article/23469/andrew-tate-net-worth/