Andrew Tate is easily one of the richest influencers in the world. He is a self-made multi-millionaire and former four-time Kickboxing World Champion.
In 2022, he went viral for sharing his controversial opinions and posting videos of his expensive lifestyle. He momentarily became the “the most googled man in the world” before he was banned and later arrested on suspicion of illegal activities in Romania. He’s since been released on house arrest.
Andrew Tate is very wealthy if his cars, mansions, private jet, and expensive habits are anything to go by. In this piece, we look into how much money he actually has and whether he is as rich as he claims.
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How Much Money Does Andrew Tate Have?
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Andrew Tate Facts
Emory Andrew Tate III (nick named Cobra Tate), was born in 1986 in the U.S. His family comprises:
- Father: Emory Tate.
- Mother: Eileen Tate.
- Sister: Janine Tate
- Brother: Tristan Tate
His father played chess professionally and was African American while his mother, who was British, worked as a lunch lady. Therefore, Andrew Tate holds dual nationality. Tate’s early life was rocked when he had to move to the UK after his parents’ divorce.
Andrew Tate and Tristan Tate each had a successful professional kickboxing career and later went into business together while his sister largely maintains a low profile.
Andrew Tate appeared in Big Brother, UK in 2016 but was kicked off in a matter of days.
What is Andrew Tate Net Worth 2023?
If you ask Andrew Tate how much money he has, what he tells you can vary from him being worth hundreds of millions of dollars to being worth over a trillion dollars.
In our in-depth Andrew Tate net worth article we estimated between $300 million and $1 billion.
Forbes Magazine, which is known for profiling the world’s richest individuals and keeping a live feed of their ever-changing net worth, reached out to Tate to do a profile on him but he declined the offer.
So there’s no way of ascertaining whether he is truly worth that much. However, we can still get an idea of how well off he is from the publicly available information concerning his spending.
He is obviously very rich considering he owns a $5.2 million dollar Bugatti Chiron Pur Sport and an Aston Martin DBS Superleggera among other cars, lives in either his multi-million dollar mansion in Romania or luxurious residence in Dubai, and flies around with his privately-chartered $20 million dollar private jet.
Even genuinely rich people who have more money than Andrew Tate don’t spend as much as he does, and that shows he is very much into the influencer lifestyle.
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Andrew Tate’s Fascination with Money
Andrew tells people that he always wanted to be rich but never had a concrete plan to be rich when he was young.
He even went as far as analyze the modern financial systems and had a conversation with his brother about it. In one of his videos, he says, “I said to Tristan we need to discuss this, we need to plan this, we need to work out a way we can get rich. And that’s when I started understanding and analyzing banks, the money system, and how the world really works.”
He came to see money as nothing more than digits on a screen.
Make no mistake, he still thinks money is important only that he thinks that once you reach a certain level of wealth, getting richer is no longer as appealing.
In one of his videos on the Tate Speech podcast, he says “I could be worth a lot more than $500 million dollars. However, I don’t see the point. After you achieve a certain amount of wealth, everything becomes free.”
Andrew claims to make money together with his friends through an assortment of ways. His friends, who are part of his private network (The War Room), are always looking for new ways to make money and increase their wealth.
They invest in anything that will earn them money, including commodities, cryptocurrencies, trading global currencies, just to mention a few.
Going back to the subject of how money works, Andrew Tate said in a video that as he was studying how banks, the Federal reserve, and the judicial system work, he came to the realization that the old ways of making money were no longer effective.
He decided to pursue new ways of making money and realized that the internet was the key. His first business was a webcam studio he started in his apartment that became a roaring success.
Andrew believes that in the age of the internet, to become rich you need to find a way to garner attention, and then monetize it. He says, “We live in an attention based economy. I believe this is the new way of viewing the world. If you want to get rich, then you have to garner attention, and then find a way to monetize it.”
Andrew and his brother, Tristan, made hundreds of thousands of dollars every month from the webcam studios. From there, they started investing in several other business ventures.
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How Did Andrew Tate Get Rich?
Although Andrew was a well-known and successful athlete, he made most of his money through his private businesses after retiring.
Here are the various ways he has made his money:
Professional Kickboxing
Andrew Tate became a professional kickboxer after training for many years. He trained multiple hours a day, 6 days a week. It paid off when in 2011, he won his first kickboxing world title.
Andrew Tate started making money and won anywhere from $50,000 – $200,000 per fight. He fought twice a year and the money he made allowed him to live a comfortable life, but not one of luxury.
Describing his experience, he says, “I made good money as a fighter, but I wasn’t balling. By the time I paid my manager, my kickboxing coach, and everyone else, there wasn’t much left over. I had a nice apartment and a BMW, but by the time rent was paid, I didn’t have much leftover!”
He realized that his childhood dream of becoming rich would never come true fighting on the ring. Having said that, he had a pretty decent kickboxing record. He won 4 International Sport Karate Association Kickboxing World Championships, and had an 85-9 record (23 of those wins were by knockout).
Tate made comparatively very little money as a professional kickboxer yet he was one of the best kickboxers on the planet for several years. It’s only when he transitioned into being a business owner that he became rich. It’s worth mentioning that Andrew Tate’s brother Tristan, with whom Andrew works, also followed the same path.
Let’s go over the businesses that made him rich:
Andrew Tate’s Businesses
As we’ve mentioned, Andrew Tate and his brother, Tristan Tate, are businessmen. What businesses have made them so wealthy? Let’s take a look:
Webcam Studios
Andrew Tate started webcam studios with his brother Tristan. He got into this business in 2011 with a small group of models. Over time, the business grew and by 2014 they made more than $500,000 per month with a team of 70-80 models.
By his 27th birthday, Andrew Tate had become a millionaire courtesy of his webcam business. His personal net worth was over $7 million dollars.
Although Tate regularly claims to have left Britain for Romania because of Romania’s lenient justice system and in-tact traditional values, some have speculated that he actually migrated to be at the heart of the booming Romanian webcam industry. This is the equivalent of moving to the Silicon Valley to pursue a career in tech.
However, running webcam studios wasn’t easy. So he chose to leave that business to his brother to focus on other ventures.
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OnlyFans Business
Andrew and Tristan found the webcam business to be too difficult to manage. So they transformed the webcam business into an OnlyFans management business.
Tristan Tate agreed to runs this business, but since he shares the returns with his brother, Andrew also benefits.
Tristan Tate streamlined operations and now the business employs a small number of models, making approximately $200,000 per month.
Romanian Casinos
Andrew Tate got into the casino business when he retired from Kickboxing. He had met many casino owners while competing as a professional kickboxer.
He asked them about the casino business and eventually convinced them to show him how to get into it. He opened his first casinos a few years ago and today he owns more than 15 of them.
Andrew loves the casino business because it is all done online with little overhead. The casinos are very profitable and they make him and his brother, Tristan, a lot of money.
Hustler’s University
Although Andrew had been offering online courses to his followers, his biggest one was Hustlers University, an online educational platform with “18 modern wealth creation methods.”
He claimed that anyone could join the online membership website and begin learning how to make money online through trading cryptos, copywriting, ecommerce, freelancing, trading stocks, amazon FBA, and more.
Hustler’s University became popular courtesy of an affiliate marketing program ran by Tate. When he got banned from social media in 2022, he shut down the affiliate program and re-launched Hustler’s University as “The Real World.”
The Real World
Andrew Tate’s The Real World is what took over from Hustler’s University when he shut it down in 2022. He still offers the same services (more or less) but has leaned heavily on the concept of “The Matrix” being out to get him and his students.
Members pay a $49 monthly fee to join the program. It is one of his main cash cows because with over 200,000 members, Andrew is making $10 million dollars per month.
The War Room
Andrew Tate always talks about the importance of ambitious men networking with other hard working men to have access to new business ideas and opportunities.
Inspired by that, he created his own private network called The War Room. The War Room is sold as an exclusive club that costs $5,000 dollars to join.
With approximately 5,000 members, The War Room has made nearly $25 million dollars for Andrew and Tristan.
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Andrew Tate Annual Income
Andrew Tate’s annual income is hard to accurately determine because he is not transparent about his dealings. However we can do some simple math to understand that his Hustlers University has over 200,000 paying members at $49 per month. That equates to over $10 million and doesn’t include The War Room earnings.
Is Andrew Tate A Trillionaire?
Andrew Tate recently claimed that he is a trillionaire. He said, “I was broke for a long time. I made my first million when I was 27, and then I had a hundred million dollars by the time I was 31. I became a trillionaire quite recently… the world’s first trillionaire.”
And it looks like he wanted to be taken seriously because in another instance, he insisted, “People underestimate that I’m the world’s first trillionaire. When I say this people go, ‘Oh he’s not that rich.’ I am literally the world’s first trillionaire Elon Musk, I win.”
Andrew Tate is NOT a trillionaire but he is rich. He is one of the richest influencers in the world, no doubt. Just not the wealthiest person in the world because if he actually was, he probably wouldn’t have turned down an opportunity to be on Forbes magazine’s rich list.
Come to think about it, Tate saying that he is a trillionaire is not out of character. He knows that saying that will get him a lot of attention and will allow him to sell more memberships to his online businesses, like The Real World and The War Room. After all, he believes that we are living in an attention-based economy.
Before you leave
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David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.