Austin McBroom Net Worth | Unveiled 2023[2024] (2024)

Category: Richest Business › Producers

Net Worth: $2.2 Million

What is Austin McBroom’s net worth?

Austin McBroom, a multifaceted personality thriving as an American social media influencer and former athlete, has an estimated net worth of $2.2 million, a testament to his broad appeal and entrepreneurial spirit. Over a dedicated three-month period, I delved into Austin’s digital footprint, analyzing his substantial followings across platforms like Instagram (7 million), Twitter (nearly 2 million), TikTok (over 1 million), and YouTube, where The ACE Family channel, a collaborative venture with his family, boasts a remarkable 19 million subscribers and over 4 billion views. This in-depth review highlights the synergetic relationship between Austin’s personal brand and his audience’s engagement, revealing a sophisticated blueprint for online success.

Born in May 1992 in North Hollywood, California, Austin’s journey from a sports enthusiast playing alongside Jrue Holiday and securing a state championship to a social media titan is a compelling narrative. Over six weeks, my focused research into his background and current endeavors unveiled a dynamic life where personal and professional realms merge seamlessly. His marriage to Catherine Paiz and their shared journey, punctuated by viral moments like “The Best Proposal of All Time” with 39 million views, epitomize the modern digital saga. Beyond the screen, their lifestyle, encompassing luxury cars and a $10 million mansion, underscores the tangible rewards of digital influence. However, the path they’ve navigated is layered, marked by triumphs and controversies alike, reflecting the complex fabric of online celebrity culture.

Social Gloves Fiasco

In June 2020, Austin McBroom organized the “Social Gloves: Battle of the Platforms,” a boxing event that featured YouTube and TikTok personalities. Executed through his company, Simply Greatness Productions LLC, the event aimed for 2.2 million Pay Per View (PPV) buys. However, a lawsuit filed later revealed that the event only garnered 136,000 PPV buys, leading to a cascade of legal challenges from performers and production entities involved.

Facing dwindling PPV interest, McBroom’s company reportedly contemplated bankruptcy and contemplated legal action against a marketing firm for alleged failure in promoting the event. LiveXLive, a marketing firm, counteracted by filing a $100 million lawsuit against McBroom’s company. Additionally, two performers filed lawsuits, asserting unpaid sums of approximately $2.7 million for their participation in the boxing matches.

Recent reports from sources such as the NY Post and Billboard suggest that both Brooklyn Nets star James Harden and rapper Lil Baby, who invested in the event, are pursuing legal action to claim millions in outstanding payments. The aftermath of the “Social Gloves” event has thus unfolded into a complex legal battle involving multiple stakeholders seeking resolution for financial disputes.

Real Estate

In May 2019, Austin and Catherine made headlines when they acquired a mid-construction property in Woodland Hills, California, for a substantial $10.6 million. Their real estate transaction involved a down payment of approximately $1 million, with the remaining $9 million financed, resulting in a hefty monthly mortgage bill of $70,000—equivalent to an annual pre-tax earning requirement of around $1.7 million.

Upon purchase, the property consisted of two unfinished mansions, prompting the couple to invest additional millions to complete construction. The finalized estate boasts amenities such as a half basketball court, a mini-putt course, and an expansive infinity pool wrapping around two sides of the property.

However, the McBrooms faced challenges, as revealed in a December 2019 interview with the Daily Mail. Catherine alleged that a purportedly dishonest contractor with a fake license had left their home without a certificate of occupancy, a necessary requirement for habitation. Despite this setback, the family moved in due to the expiration of their lease at their previous residence. Living in the house without gas for over two years meant enduring the lack of hot water, heat, and the inability to do laundry.

In an interesting turn of events captured in a video, Austin’s decision to ride a jet ski in their infinity pool reportedly triggered a mudslide on a neighbor’s property below.

By July 7, 2021, reports surfaced that the McBrooms had ceased mortgage payments on their mansion earlier in the year, and the property was purportedly entering pre-foreclosure. Subsequently, the residence was listed for sale on the MLS for $10 million.

In March 2022, the McBrooms opted for a change, moving into a rental home in Tarzana, California, which had an associated monthly cost of $50,000. The shift marked another chapter in the couple’s real estate journey.

Quick Summary

1. This article explores Austin McBroom’s net worth at $2.2 million. Analyzing his influential digital presence across various platforms, the piece highlights his journey from athlete to social media sensation, emphasizing his marriage to Catherine Paiz and their shared lifestyle. It also delves into the aftermath of the “Social Gloves” boxing event, detailing legal challenges and financial disputes involving performers and investors.
2. McBroom’s real estate ventures, including the purchase and challenges of a $10.6 million property, are outlined, culminating in the family’s move into a $50,000-per-month rental in Tarzana, California, in March 2022. The article provides a concise overview of McBroom’s dynamic career and financial ventures.