Austin McBroom Net Worth: How Much Austin McBroom Earnings in 2022?
Austin McBroom Net Worth
Austin McBroom is a well-known social media figure in the United States as well as a professional basketball player. His net worth is estimated to be $2 million. The largest part of his fame comes from the audiences he has built on Instagram and YouTube.
As of the time this article was written, Austin had around 7 million followers on Instagram, slightly less than 2 million followers on Twitter, and slightly more than 1 million followers on TikTok. The YouTube channel that his family runs, which is called The ACE Family, has more than 4 billion views and 19 million followers.
In the month of May in 1992, Austin McBroom was born in North Hollywood, California. Austin McBroom participated in basketball at Saint Louis University throughout his collegiate career. He also played basketball, football, and baseball while attending Campbell Hall School, where he was a member of the state championship squad alongside Jrue Holiday.
Catherine Paiz, who is also an actress, is Austin’s wife. More than 39 million people have seen their film, which is titled “The Best Proposal of All Time.” The channel mostly focuses on Austin, his family, which includes his wife Catherine and their three children. They have leveraged their popularity on YouTube into a lifestyle brand that reportedly allows them to buy a garage full of costly automobiles, a residence worth $10 million, and other luxuries. However, the reasons behind their success have been subject to debate.
Austin McBroom Social Gloves Fiasco
Boxing was the sport chosen for the “Social Gloves: Battle of the Platforms” event, which took place in June 2020 in Austin, Texas, and included contestants from the platforms YouTube and TikTok. Simply Greatness Productions LLC, which is owned and operated by Austin, was the one responsible for organising the event.
The event organisers had set their sights on 2.2 million Pay-Per-View purchases. A complaint that was filed many months after the event claimed that there were only 136,000 PPV buys. The lack of interest in the PPV caused a bevvy of artists and production firms engaged in the event to initiate legal action against one another.
According to reports, Austin’s company at one point considered declaring for bankruptcy and suing one of the marketing agencies for failing to adequately advertise the event and was apparently considering doing so at the same time. A marketing company known as LiveXLive has filed a lawsuit against McBroom’s business, claiming $100 million in damages. Two boxers filed a lawsuit alleging that they are due around $2.7 million for the services they provided.
According to a number of stories, including one from the New York Post and another from Billboard, rapper Lil Baby and Brooklyn Nets player James Harden, who both reportedly invested in the event, are purportedly seeking millions of dollars in payments that are owing to them.
Austin McBroom Property
In the month of May 2019, Austin and Catherine paid a total of $10.6 million for a property in Woodland Hills, California that was still under construction. According to the paperwork of the real estate transaction, they made a down payment of around one million dollars and financed approximately nine million dollars.
The amount that they owed on their mortgage per month was $70,000. To pay for anything like that on an annual basis, you would need earnings of around $1.7 million before taxes.
During the time of the acquisition, the land was home to two mansions that were in various stages of construction. They went ahead and finished the building, despite the fact that it cost them an additional several million dollars. The finished structure includes a mini-put course, a half basketball court, and a wraparound infinity pool that spans along both sides of the property.
Catherine stated in an interview that she gave to the Daily Mail in December 2019 that her family had been victims of a “dishonest contractor.” According to Catherine, the “dishonest contractor” had allegedly used a fake licence to win their business, and then he never finished the project, leaving the family without a certificate of occupancy, which is necessary in order for them to actually live in the house.
Despite the fact that their contract at their previous mansion had expired, the family moved into the property regardless. Because the house did not have gas when they lived there, neither warm water nor heat were available to them for more than two years. Because of this, they were unable to cook. Even doing their own washing was out of the question.
A video walkthrough of the estate was made by them in September 2019 for upload to their YouTube channel:
Take notice of how Austin decides to ride a jet ski in their infinity pool around the 1 hour and 3 minute point of the video that was just shown to you. It has been alleged that this activity resulted in a mudslide on the property of the neighbour just below.
According to a story that was published on Dirt.com on July 7, 2021, the McBroom family had supposedly ceased paying payments on their house as early as 2021, and the home was purportedly entering the pre-foreclosure phase. After one week, the property was put up for sale on the Multiple Listing Service (MLS) with a price tag of $10 million.
The McBroom family relocated to Tarzana, California, in March 2022, and into a property for rent that had been advertised for a monthly rent price of $50,000.
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