ANDREW TATE is known for boasting of his lavish lifestyle online but his true net worth was seemingly revealed after he was charged with rape and organised crime in June 2023.
The social media personality, who strongly denies the allegations made against himself and his brother Tristan, started his career in the public eye as a contestant on Big Brother and now runs several businesses.
What is Andrew Tate’s net worth?
Andrew Tate has previously boasted of being a “trillionaire” but in June 2023 The Sun reported that Romanian cops believe he has a net worth around £10million.
Police listed the disgraced influencer’s luxurious assets as they announced Tate and his brother Tristan had been charged as part of an ongoing sex trafficking investigation.
The brothers were arrested in December 2022 and had been being probed by Romania’s organised crime-busting police unit – DIICOT – since.
They are now awaiting trial over allegations of human trafficking, rape and forming an organised crime group to sexually exploit women, allegations which they strongly deny.
There are also ongoing investigations into alleged money laundering linked to the Tates as police continue to look into their finances.
How did Andrew Tate make his money?
Tate was born in the US but came to live in Britain at just four years old.
He started his career as a kickboxer in Luton and won multiple world titles.
According to his website, he has worked as a commentator for Real Xtreme Fighting, the largest MMA promotion in Romania.
Previously, it was presumed that Tate had made most of his wealth from his main business venture, Hustler University.
He also claims to have made more money investing in cryptocurrency and opening a chain of casinos with his brother Tristan.
Prior to being charged in June 2023, the disgraced influencer would often share pictures of flash cars, expensive properties, cigars and private jets on his Instagram.
This appears, however, to have all been crafted to appeal to his followers and promote his brand and Tate’s lawyers have even claimed he plays a “character” online for the purposes of entertainment.
Past social media pictures showed off Andrew and his brother’s car collection, which included a Lamborghini, an Aston Martin, a Ferrari, and a Rolls Royce.
In a podcast interview just before his arrest, Tate denied owning any of his cars, saying: “I don’t own anything. There are cars [that I may have access to].”
What were Andrew Tate’s main streams of income?
It is thought that Tate’s main income came from a webcamming business he ran from his compound in Romania, alongside.
He also runs subscription service Hustler’s University, which is said to teach customers how to make money, as well as “The War Room”, which is a private members club where payment to join is paid through cryptocurrency.
The BBC released its investigation into the “War Room” network in September 2023.
The publication reported that an associate of Tate’s called Miles Sonkin had allegedly been using the site to encourage members to groom young women into becoming sex workers.
Where is Andrew Tate now?
As of November 2023, Tate is awaiting trial after being charged with human trafficking, rape and forming an organised crime group to sexually exploit women on June 20, 2023.
His brother, Tristan, and two Romanian female suspects were also formally charged.
Tate won an appeal to be released from house arrest in Romania in August 2023.