Former American arms dealer, inventor, and musician David Packouz’s net worth is $2.9 million.
Originally David Mordechai Packouz, David Packouz was born on February 16, 1982, in St. Louis, Missouri, USA.
Packouz joined Efraim Diveroli‘s firearms company, “AEY Inc.,” in 2005. The firm had won 149 contracts by the end of 2006.
During his years as an arms dealer, David was involved in several illegal activities, like breaching contracts.
Moreover, Packouz was convicted of seven months of house arrest for conspiring to defraud the United States.
David Packouz | Quick Facts
Let’s look at quick facts to understand more about Jordan Belfort.
|Birth Name||David Mordechai Packouz|
|Professional Name||David Packouz|
|Nick Name||Packouz, David|
|Birth Date||February 16, 1982|
|Age||40 Years Old|
|Birth Place||St. Louis, Missouri, USA|
|Height||1.7 m (5 feet 5 inches)|
|Weight||68 kg (149.91 lbs.)|
|Net Worth||$2.9 Million|
|Profession||Entrepreneur, Former Arms Dealer, Inventor, Musician|
|Conviction||Fraud against the United States|
|Father’s Name||Rabbi Kalman Packouz|
|Criminal Status||Released April 2006 after 22 months|
|College||University of Florida, Gainesville|
|Criminal penalty||Seven months of house arrest|
|Merch||CD and Vinyl|
|Social Media||Twitter, Instagram, Facebook|
|Last Update||June 2022|
David Packouz | Net Worth and Income
From Arms Business
Multi-talented businessman, inventor, and musician David Packouz’s net worth is a whopping $2.9 million.
He started his career as an arms dealer with his high school friend. David joined the company “AEY Inc.” as a vice-chairman.
Like a rocket, their company took off. They received their first order shortly after founding the company.
The delivery of 50,000 gallons of propane to an Air Force base in Wyoming was part of a US government contract.
On the first deal, they made an $8,000 profit. That may not seem like much, but it was just the start.
They had secured over 100 contracts worth over $100 million to sell ammunition and weapons to the US government in just a few months.
Moreover, they received 149 contracts for roughly $10.5 million by 2006.
Their company was awarded a roughly $300 million US government contract in early 2007 to supply the Afghan Army with 100 million AK-47 rounds, millions of SVD Dragunov sniper rifles, and aircraft rockets.
David was making money hand over fist, and there was no end to it.
The quicker someone gets to success, the faster they fall! They proved this quote with the downfall of their business.
Additionally, their company had failed to deliver on several contracts, including delivering potentially dangerous helmets to Iraq and failing to deliver 10,000 Beretta pistols.
During an examination by the governmental organization, papers revealed that federal agencies had terminated, withdrew, or suspended at least seven prior contracts with AEY due to poor quality or late delivery.
Hence, they were investigated and found guilty after receiving much media attention.
From Music Business
He made a little fortune as an arms dealer, but it’s unclear where that money went after his arrest and exposure.
Packouz kept a low profile after serving his house arrest. He’d always been interested in music, and in 2008, he released the album “MicroCOSM.”
The album was received well by many of his fans and followers.
Similarly, David started inventing and founding music assisting tools to help millions of musicians worldwide. The company has generated a fortune for David.
Let’s not forget the royalties he gets from his story used in books and movies. Thus, the amount has helped to maintain his wealth as a millionaire.
Furthermore, he has a gift for making money, and with his new venture being half as successful as his last one, David is set for life.
David Packouz’s Net Worth in Different Currencies
Let’s look into David Packouz’s net worth in different currencies, including the cryptocurrency Bitcoin.
|Pound Sterling||£ 2,223,821.50|
|Australian Dollar||A$ 3,912,433.50|
|Canadian Dollar||C$ 3,650,027|
|Indian Rupee||₹ 221,426,745|
David Packouz | Houses & Cars
As of June 2022, David Packouz’s net worth is a massive $2.9 million.
David lives with his daughter in Miami, USA. He is rumored to have a huge penthouse with a beach view.
Although, the detail about his house is not revealed due to privacy concern.
In his movie, a $4.9 million mansion was portrayed as a fictional home of David. Hence, his actual home must be around the same price.
David Packouz isn’t much of a car fanatic. He is rarely photographed posing in automobiles.
During the peak of his career, David purchased a brand new blue Audi A4.
The automobile has a starting price of $39,100, slightly higher than the usual for a small luxury car.
Additionally, the base Premium Plus trim costs $43,800, while the top-of-the-line Prestige costs $49,400.
Other than this, David hasn’t revealed any of his cars.
David Packouz | Lifestyle and Vacation
Multi-millionaire businessman David Packouz lives a luxurious lifestyle with a net worth of $2.9 million.
Packouz was one of eight children born to Kalman and Shoshana Packouz. His dad was a rabbi who founded one of the earliest Jewish dating sites in the world.
After school, he and his pals would go to the beach and smoke pot, play guitar, and sneak into five-star hotel pools to swim.
Packouz’s parents were concerned enough about his heavy marijuana use when he graduated that they put him in an Israeli school that specialized in dealing with drug-addicted children.
Regardless, it proved to be an excellent spot for getting high.
Packouz returned to the University of Florida and enrolled for two semesters.
He studied massage since it appeared to be a better method to generate money than flipping burgers when he was short on funds.
Before getting into the firearms business, Packouz was a professional massage therapist.
Moreover, David spent his nights getting high and dreamt of becoming a pop star with his high schoolmates.
There is no information on Packouz’s wife, who has stayed out of the spotlight. He may have already divorced his wife, but without a credible source, we can’t say for sure.
However, his biopic has him falling in love with a female named Iz, the mother of his child, Amabelle Jane.
Even though David never mentioned Iz, it hasn’t been determined whether the character is fictional or genuine.
Currently, Packouz is busy handling his business and taking care of his daughter.
David Packouz loves traveling and spending quality time with his daughter.
When he was in the gun dealing business, he traveled a lot. He even traveled to places labeled as dangerous and impossible to visit.
In 2016, he went on vacation with his daughter to Israel. In addition, he visited the holy city, Jerusalem.
Similarly, during a winter break in December 2019, he went skiing in the Hermon mountain range.
Furthermore, during his youthful years, David would go to the clubs in South Beach once or twice a week to burn off steam.
Karaoke at “the Studio,” a basement pub, was his favorite.
Likewise, Packouz was serious about his performances, choosing soulful songs like U2′s “With or Without You” and Pearl Jam’s “Black.”
David Packouz | Charity
David Packouz has been involved in charity after leaving his former business.
Packouz founded the “Guitars Over Guns” group in 2016, a philanthropic organization.
The charity gives schools free musical instruments and teaches disadvantaged and at-risk youngsters music, dance, and visual arts.
Furthermore, David is delighted that his creation has influenced the youth by making them better artists and encouraging them to continue to chase their musical love.
David Packouz | Movies, Book, Investment, and Endorsement
In 2016, a movie named “War Dogs” was released, which is based on the life of David and his business partner.
Some of the details in the film are based on true events, while others are fictional.
The movie was premiered on August 3, 2016, in New York City by Warner Bros.
Similarly, the picture was given mixed reviews by critics. Jonah was nominated for the Golden Globe for his performance.
The movie was given a $40 million budget. The film grossed a total of $86.2 million worldwide, with $43 million in North America.
In 2015, a book titled “Arms and the Dudes” was published based on his life and journey as a gun dealer.
Canadian journalist Guy Lawson wrote the novel.
Similarly, the next year, Lawson wrote “War Dogs,” the book that describes the thrilling tale of David.
David Packouz’s net worth as of June 2022 is a massive $2.9 million.
David has invested in several musical fields throughout his career.
Packouz is the founder and CEO of “Singular Sound,” a company dedicated to developing technology that enables musicians.
Similarly, the “BeatBuddy, Drum Machine Guitar Pedal” was established under his direction.
The company raised approximately $350,000 on Indiegogo, becoming one of the most successful music item crowdfunding campaigns.
The BeatBuddy has received every major recognition in the musical instrument industry.
David Packouz has endorsed a few businesses and companies to increase his net worth.
He was featured in Rolling Stone magazine. In fact, a 2016 Rolling Stone article highlighted Packouz.
David Packouz | Career
Packouz and his business associate Efraim Diveroli decided to enter the armaments trade in 2005. The field was dominated at the time by a small, close-knit group of merchants.
It was also a company that necessitated the ability to establish high-level ties within the US administration as well as with foreign countries.
Packouz and Diveroli were unfazed by any of this. They started with only a few contacts, a little money, and no prior expertise.
Packouz, a massage therapist, was only 23 years old at the time, while Diveroli was 19 years old. Within a few years, they made millions of dollars in this high-risk, high-reward company.
Unfortunately, the ammunition they sent to Afghanistan was manufactured in China, which they knew beforehand. It was a breach of a US statute that bars the sale of Chinese-made ammunition and weapons.
As a result, Diveroli was sentenced to four-year federal prison, while David was punished with a seven-month house arrest.
Some Interesting Facts About David Packouz
- David was never into selling guns, but he went with the flow since the venture had a lot of money.
- Packouz is a licensed massage therapist.
- He and his renowned business partner Efraim Diveroli are both high school buddies.
Was David Packouz arrested in 2012?
According to authorities, Packouz was arrested in 2012 at Motel 82 in Naples, Florida, after agreeing to have intercourse with an undercover Collier County officer for $400.
Is War Dogs based on real life?
Yes, most of the part of the movie is correct.
What was David Packouz’s dream?
His dream was always to get into the music industry. In fact, David hoped to earn enough money from the firearm business to invest in music. At last, he fulfilled his dream.