- Logan Paul said Jake has lost a chunk of his earnings he invested in crypto following the reported crypto crash
- “The Problem Child” is set to fight in August
YouTuber-turned-pro boxing star Jake Paul has become a draw in the sport, having secured a couple of impressive wins to his name. Along with it, he also grew his fan base on all media platforms which basically means he’s been making quite a living doing what he does best.
However, according to his older brother Logan, “The Problem Child” has hit a slump in terms of his income as he lost millions after the reported crypto crash.
Jake is broke
Prior to the crypto crash, Jake was reportedly worth around $50 million, $40 million of which is believed to have come from last year, and from fighting alone.
During an episode on his Impaulsive podcast, Logan bared the shocking truth to his co-hosts George Janko and Mike Majlak and said that Jake lost his a huge portion of the aforementioned money, which his younger brother invested in crypto.
See how the short convo went down below:
“It’s going pretty well, he’s won every fight he’s done,” Janko said of Jake’s fortune.
“He made like $40m last year,” Majlak added.
“It doesn’t matter, he put it all in crypto… he’s poor,” Logan barged in.
The show must go on
Regardless of the true status of his finances, Jake will not be derailed as he is now set to make his long-awaited return to the ring.
The internet star recently announced that his next match will be on August 6th at the Madison Square Garden, New York. The opponent is yet to be named but “The Problem Child” will be headlining the card alongside female boxing champion Amanda Serrano.
We going back to back. New York. MSG. Two main events. Showtime PPV. It gets no bigger, it gets no betr. @MostVpromotions pic.twitter.com/HcOqYsjvVy
— Jake Paul (@jakepaul) June 10, 2022
If Logan was telling the truth, let’s just hope that Jake recuperate from it sooner rather than later.
