Rich Paul's net worth is estimated to range between $46-120 million.
Rich Paul's net worth stats
|Net worth:||$46-120 million|
|Source of wealth:||Sports agent|
|Date of birth:||December 16, 1981|
|Place of birth:||Cleveland, Ohio|
What does net worth mean?
And quickly learn how to calculate your net worth today.
How did Rich Paul build his net worth?
Rich Paul's net worth has been built on his career as arguably one the most influential — and powerful — sports agents in the world.
Forbes listed rich Paul as having a net worth of $46 million in 2020. However, according to several online sources, this figure has risen to $120 million.
I come from a place where there was no way out. ~Rich Paul
Paul represents some of the biggest names in American sports, specifically the NBA. The founder of "Klutch Sports," Paul's company has negotiated more than $1 billion in deals for LeBron James, Ben Simmons, and John Wall, among others.
In 2013, Paul enlisted the help of long-time agent and attorney Mark Termini to run the NBA contract negotiations for Klutch. By 2020, Termini had negotiated $1.4 billion in NBA contracts for Klutch Sports' clients. By 2019, Klutch had 25 clients and brokered over $1 billion in contracts. Termini left in 2021.
Every contract signed earns Paul up to a 4% commission, not to mention a 10-20% cut of the endorsements made by his clients, which is also written into the contract.
United Talent Agency made a strategic investment in Klutch Sports in late 2019, and Paul was asked to run its sports division. The investment paid off as the division's clients rose from 4 to 23. In 2020, he accepted a position on United's board of directors.
I had great teaching. Working with Nike and at CAA, that's the equivalent of going to Michigan Law School and to MIT. ~Rich Paul
How has Rich Paul spent his wealth?
Paul is known to spend big when it comes to buying houses. He has a home in Fairfax bought for $4.35 million. He owns another house in Beverly Grove, reportedly worth $3 million.
In addition, Rich and the one and only Adele splashed out on a $58 million home in Beverly Park, Los Angeles. They got a bargain as the original owner Sylvester Stallone listed it for $110 million in 2021.
It is reported that Rich loves cars, but there is not much detailed information save that he owns a Mercedes Benz, a Ferrari, a McLaren, and many others.
Free money making ideas
Start building up your net worth
Get our free guide to making money online and offline. Includes 90+ passive and active income stream ideas.
How rich is Rich Paul?
Reports of Rich Paul's net worth range from $46-120 million.
Was Rich Paul born rich?
No. Rich Paul was not born into wealth. He was raised in a one-bedroom apartment above his father's confectionary shop.
How much does Rich Paul make from LeBron James?
Rich Paul's commission as an agent is 4%. He also takes a 10-20% cut of his client's brand partnerships and endorsements.