Andrew Tate to donate $25 million this year

[Bobby_2021]

@StarStruck His real life business were bleeding money. That closed casinos were kept alive from the money from only fans and HU. Source: Tate's Twitter account. 

These are the only two "business" that made him money. One of them have got him arrested and the other is slowly losing it's grip. To be fair, I don't the HU is a scam though.

[Consept]

The defining question would be how much did he donate before he got locked up? If hes only donating after then obviously its a pr stunt to make him look like the good in the eyes of the public. The other alternative is that he suddenly realised he should give back after becoming a muslim coincidently around the same time he got locked up. Even if that was true why it would be haram not repent and admit all hes done, he also tried to influence witnesses and attempted to bribe Romanian politicians according to wiretaps from his conversations from jail, so not really buying the 'i converted so im a good guy now'. 

The other thing is theres no way he even has 25 mill and if he did he would definitely not donate that much. What people that support him dont seem to realise is that he lies a lot. Even something as superficial as his childhood chess career he lied about that, its one of my favourite lies of his as it literally makes no sense 

 

See around 12:22 for the chess story 

 

[Display_Name]

On 05/09/2023 at 10:37 PM, Leo Gura said:

3) I don't believe Tate has $25M in his lifetime, never mind that he donated that much in one year.

Hustler's University was bringing in over 4M a month.

[Leo Gura]

3 minutes ago, Display_Name said:

Hustler's University was bringing in over 4M a month.

I'm not gonna trust any of his self-reported numbers.

[something_else]

47 minutes ago, Leo Gura said:

I'm not gonna trust any of his self-reported numbers.

 

51 minutes ago, Display_Name said:

Hustler's University was bringing in over 4M a month.

Even if it was bringing in 4M per month, you also have to remember that was revenue and not net profit, and that was also at its peak. Out of that 4M per month, he has to pay for

• His 10+ multimillionaire tutors, who won't work for cheap
• Marketing
• Developers
• Servers
• Any other staff
• Tax

Among other things. And then split whatever net profit is left with his brother 50/50, and then pay more tax on top of that in personal income tax. So even if it was truthfully generating 4M in revenue, which is a big if, he still would not actually receive as much of that money as you would think.

Maybe $1M per month at a push? It's a lot, but not so much that he can afford to throw away $25m.

Edited September 12, 2023 by something_else

[Buck Edwards]

He needs to have a minimum $200m net worth to be able to donate $25m. 

If any man has that kind of net worth, they wouldn't need to run any business, let alone a Webcam business. Do the math. 

Gonna bet my last cent that any money he made he spent it on worthless stuff and in reality he is broke. Betting my last cent. You'll see in time. It's all crapwash. 

He has only relied on mouth to mouth resuscitation. His whole life is that. 

 

Edited September 12, 2023 by Buck Edwards

[Display_Name]

55 minutes ago, Leo Gura said:

I'm not gonna trust any of his self-reported numbers.

It's not self reported, it's my own calculation. About 1-2 years ago, I joined Hustler's University for a month for research purposes. I knew exactly how many subscribing members were inside and at what price and did my own calculation. Already back then it amounted to about 4.5M. And I think it grew even bigger after I left.

You're very mistaken about his financials. Whatever he earned from his trafficking, was just the early beginnings of financing the money guru look. Once Hustler's University was up and running, he was absolutely making a shit ton of legitimate money. 

Just from Hustler's University alone about 50 million a year. Presumably minimally taxed, and with low living expenses aside from the occasional short distance private jet and supercar, because he lives in bumtown romania. 

He absolutely does have 25Mill.

Do you think Tai Lopez and other fake it till you make it money gurus stay that way? They are only bums until their grift starts mass selling, then the fake it turns into a make it.

Edited September 12, 2023 by Display_Name

[something_else]

5 minutes ago, Display_Name said:

With low living expenses

Like his $5M bugati? haha

[Display_Name]

3 minutes ago, something_else said:

Like his $5M bugati? haha

Which - if you accept it was legitimately purchased cash, which I do think - by itself disproves that he "doesn't in his lifetime have 25M". Leo and many others here havent done their due diligence on the money aspect at all.

Edited September 12, 2023 by Display_Name

[Display_Name]

56 minutes ago, something_else said:

 

Even if it was bringing in 4M per month, you also have to remember that was revenue and not net profit, and that was also at its peak. Out of that 4M per month, he has to pay for

• His 10+ multimillionaire tutors, who won't work for cheap
• Marketing
• Developers
• Servers
• Any other staff
• Tax

Among other things. And then split whatever net profit is left with his brother 50/50, and then pay more tax on top of that in personal income tax. So even if it was truthfully generating 4M in revenue, which is a big if, he still would not actually receive as much of that money as you would think.

Maybe $1M per month at a push? It's a lot, but not so much that he can afford to throw away $25m.

A lot more than $1M. There's no 50/50, the brothers share bank accounts and everything, on the topic of this donation and net worth and for the sake of argument, I view them both as the same financial entity.  So if we talk about Andrew's net worth, we're also talking about Tristan's net worth.

The tutors maybe, but I don't feel like they were that expensive tbh. They might have gotten a minor percentage, and also profited via exposure to their own channels and brands.

Romanian staff is cheap. You mean his romanian cleaning lady and massage lady and a couple security guards? Come on

A bit of web development and server dev is cheap, or even free if done by a fan or someone that wants to get closer to him. We're talking in the low thousands.

Tax is an aspect, but we both know he would have ensured it's taxed as little as humanly possible. Running it through Estonia or Dubai or something. Probably not much

Easily 3M/month

 

 

Edited September 12, 2023 by Display_Name

[something_else]

Just now, Display_Name said:

Which - if you accept it was legitimately purchased cash, which I do think - by itself disproves that he "doesn't in his life have 25M"

Spending money on a car collection and giving money away to charity are quite different. In one case you still own a car collection worth millions and in the other you lose the full amount of money donated. So you need a significantly higher net worth to donate $25m to charity than you do to own a $25m car collection.

To be clear, I think he has a lot of money. Just not money on the level where he can afford to donate $25m.

My point with the bugati was simply that Tate is known for living a very extravagant life to show off his wealth, not one of low living expenses. He has to spend a significant amount of the money he earns on maintaining that lifestyle for his brand.

[Display_Name]

8 minutes ago, something_else said:

Spending money on a car collection and giving money away to charity are quite different. In one case you still own a car collection worth millions and in the other you lose the full amount of money donated. So you need a significantly higher net worth to donate $25m to charity than you do to own a $25m car collection.

To be clear, I think he has a lot of money. Just not money on the level where he can afford to donate $25m.

My point with the bugati was simply that Tate is known for living a very extravagant life to show off his wealth, not one of low living expenses. He has to spend a significant amount of the money he earns on maintaining that lifestyle for his brand.

OK, I'm only gonna make a case for his lifetime earned money, not what he does or doesn't donate. In this case I was responding to Leo who doesn't think he's ever earned 25M, which is just flat out wrong.

And I agree he reinvests some of the money into maintaining the lifestyle, but it's probably less than he wants you to think.

Buy a short distance private flight and film a bunch of videos/pictures in it,  the occasional 250k supercar, the 5M Bugatti, vacations in Dubai, but that's it. When he's home in Romania, it's virtually 0. And the webcams/trafficking or whatever he did is one of the smallest parts of his net worth, completely trumped by Hustler's University.

 

Edited September 12, 2023 by Display_Name

[Buck Edwards]

4 minutes ago, something_else said:

My point with the bugati was simply that Tate is known for living a very extravagant life to show off his wealth, not one of low living expenses. He has to spend a significant amount of the money he earns on maintaining that lifestyle for his brand.

And we never know his credit card debts. Maybe it's millions. 

[something_else]

44 minutes ago, Display_Name said:

A lot more than $1M. There's no 50/50, the brothers share bank accounts and everything, on the topic of this donation and net worth and for the sake of argument, I view them both as the same financial entity.  So if we talk about Andrew's net worth, we're also talking about Tristan's net worth.

Romanian staff is cheap. You mean his romanian cleaning lady and massage lady and a couple security guards? Come on

A bit of web development and server dev is cheap, or even free if done by a fan or someone that wants to get closer to him

Tax is an aspect, but we both know he would have ensured it's taxed as little as humanly possible. Running it through Estonia or Dubai or something. Probably not much

 

 

Fair. Though the expenses of running a business have a tendency to add up quite quick, even the smaller ones. I suspect paying his tutors is probably his biggest expense. They are all multi-millionaires in their respective fields and are not going to work for him for cheap. I'd imagine he probably also spent a significant amount on marketing.

If they were generating $4m at peak, and keeping even $3m of that, which is very high, that would mean they're donating over 2/3 of a year worth of profits if they donated $25m. For someone like Tate, that seems extremely unlikely.

I think you are prob right that they have more than $25m. What I think is unlikely is that he has so much more that he can afford to donate $25m.

I also would add that faking something like discord numbers or whatever is not that hard, if that's how you calculated the number of members inside his course to get to $4M. Certainly, if you look at how frequently he talks BS it doesn't seem beyond him to do that.

Edited September 12, 2023 by something_else

[StarStruck]

Leo: I don’t believe Andrew has 25 million

Translation: I don’t want to believe Andrew has 25 million

Andrew’s biggest asset is his boys. If he lost all his money today he would earn it back tomorrow. 

[Yimpa]

Wow, look at all this money Donald Trump donated during his presidency. What a saint!

https://www.forbes.com/sites/adamandrzejewski/2021/02/27/president-donald-trump-probably-donated-his-entire-16m-salary-back-to-the-us-government--here-are-the-details/amp/

[Guest Tobia]

@StarStruck

2 hours ago, StarStruck said:

Andrew’s biggest asset is his boys. If he lost all his money today he would earn it back tomorrow. 

Neither "his boys" nor his money are going to save his ass from rotting in jail, despite what he arrogantly and foolishly thought.

W for Romania, L for the loser

[Danioover9000]

   Big T is real top G:

 

 

[Consept]

This is from an article about what was seized by DIICOT when the brothers were arrested. Basically amounts to £10 mill mostly in the car collection, but also crypto, properties, watches and other luxury goods. It is possible he has some money hidden somewhere, but it still wouldn't make sense him donating 25 mill as if he's only claiming he earns a certain amount, donating 25 mill would definitely raise some eyebrows from the authorities. 

 

"The DIICOT indictment suggests his fortune is much smaller, however.

According to the source quoted by The Sun Online: 'The biggest assets of Tate brothers are their cars - which are estimated to be around £8 million.

'Their houses and lands are also estimated at more than £2 million,' they added.

'As for their account,' the source told the publication, 'further investigations are to be made, as there is also another file on their names for money laundering, a file which is far from being ended.'

The assets listed in the indictment include: '15 lands and buildings located within the [Romanian regions] of Ilfov, Prahova and Braşov, 15 luxury cars, 14 luxury watches, 2 ingots and a medal, the social shares owned within 4 commercial companies.'

It said the shares within four commercial companies were in different currencies, in the amounts of 86,580 Romanian lei (£15,000), 52,650 euros (£45,000), 17,430 US dollars (£13,500) and 10,370 British pounds - a total of around £84,000."

https://www.google.com/amp/s/www.dailymail.co.uk/news/article-12215109/amp/Andrew-Tates-10million-fortune-seized-Romanian-cops.html

Edited September 12, 2023 by Consept

[Danioover9000]

@Consept

3 minutes ago, Consept said:

This is from an article about what was seized by DIICOT when the brothers were arrested. Basically amounts to £10 mill mostly in the car collection, but also crypto, properties, watches and other luxury goods. It is possible he has some money hidden somewhere, but it still wouldn't make sense him donating 25 mill as if he's only claiming he earns a certain amount, donating 25 mill would definitely raise some eyebrows from the authorities. 

 

"The DIICOT indictment suggests his fortune is much smaller, however.

According to the source quoted by The Sun Online: 'The biggest assets of Tate brothers are their cars - which are estimated to be around £8 million.

'Their houses and lands are also estimated at more than £2 million,' they added.

'As for their account,' the source told the publication, 'further investigations are to be made, as there is also another file on their names for money laundering, a file which is far from being ended.'

The assets listed in the indictment include: '15 lands and buildings located within the [Romanian regions] of Ilfov, Prahova and Braşov, 15 luxury cars, 14 luxury watches, 2 ingots and a medal, the social shares owned within 4 commercial companies.'

It said the shares within four commercial companies were in different currencies, in the amounts of 86,580 Romanian lei (£15,000), 52,650 euros (£45,000), 17,430 US dollars (£13,500) and 10,370 British pounds - a total of around £84,000."

https://www.google.com/amp/s/www.dailymail.co.uk/news/article-12215109/amp/Andrew-Tates-10million-fortune-seized-Romanian-cops.html

   Not only that, but out of left field claiming to donate 25 mil in the future, raises more questions and may be used to justify further investigations on Andrew Tate in the future, see where he may hide offshore accounts or further fraud and maybe money laundering. For a chess player he sure sucks at thinking forward into the future.