🍒 Did Instagram Bro Hero Dan Bilzerian Get His Start Thanks to His Father's Dirty Money? - VICE

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His dad, descended from survivors of the Armenian diaspora, owned a robotics company, among other investments. Meanwhile, pretty much everyone in his family.


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Learn about Dan Bilzerian: his birthday, what he did before fame, his family life, fun trivia facts, popularity rankings, and more.


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The myth of Dan Bilzerian, the self-made Instagram king who lives the to Cimetrix about the Bilzerian family's involvement in the company.


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He is the brother of fellow poker player Adam Bilzerian. He is of Armenian descent through his father and has said that half of the Bilzerian family was killed​.


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His dad, descended from survivors of the Armenian diaspora, owned a robotics company, among other investments. Meanwhile, pretty much everyone in his family.


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His dad, descended from survivors of the Armenian diaspora, owned a robotics company, among other investments. Meanwhile, pretty much everyone in his family.


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Dan Bilzerian is an American social-media celebrity and gambler. Check out this biography to know about his childhood, family, personal life, achievements.


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His dad, descended from survivors of the Armenian diaspora, owned a robotics company, among other investments. Meanwhile, pretty much everyone in his family.


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Learn about Dan Bilzerian: his birthday, what he did before fame, his family life, fun trivia facts, popularity rankings, and more.


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It is clear that he did this purposefully to insulate his assets from the reach of his creditors. But there's at least one other reason Dan Bilzerian has made so much money: He had a ton of it to begin with. I've won over 50 million dollars playing poker. Which is to say that Dan Bilzerian is the kind of guy who owns a company that owns another company that trademarks its owner's owner's face. Though Dan and Adam's trust was eventually forced to surrender roughly 30 percent of its assets to the SEC, in February , a judge granted Dan Bilzerian permission to sell 1. It turns the myth of Dan Bilzerian, the self-made, independent playboy who lives the way you want to live, into just that: a myth. Additionally, the judge noted that Caligula had listed "either Bilzerian's wife Remember, they were one of the entities involved in Cimetrix. The best way to "get" him is to join his nearly 12 million million Instagram followers and dive into photos of the bearded, barrel-chested man debarking private jets with topless women , sitting on a throne next to a lion , diving into a pristine sea while a yacht can be seen in the background , and walking pensively through the woods with an assault rifle. But the role of Dan Bilzerian in this thicket of deception is important. According to its Florida corporate profile , at no point did it belong to their father, Paul. He's the kind of guy who books himself a nightclub appearance and says it's part of his fake campaign for president. Dan was entitled to half of that. Steffen Family Trust of , which was the limited partner of Overseas Holdings Limited Partnership, which was owned by another entity called Overseas Holding Company. In a interview with the Daily Dot , Bilzerian said he started playing the game seriously in college. Who the fuck else has done that? Bilzerian and Terri L. Over the following two decades, the SEC has continued to chase Paul Bilzerian in a maddening game of financial and legal cat-and-mouse in which the mouse is always a step—or five—ahead. He's the kind of guy who claims to have partied so hard that he's had two heart attacks before the age of He's the kind of guy who tries to trademark his own face—literally, he filled out an application to trademark "a portrait of Dan Bilzerian in a rectangular frame, with the stylized wording 'GOAT' located in the bottom portion of the rectangular frame below," on June Except that's not precisely accurate. If you ask Bilzerian, the short answer is poker. Aug 27 , am.{/INSERTKEYS}{/PARAGRAPH} This would have been a violation of a ruling barring Paul from taking legal action without the court's approval. In short, Bilzerian's public image is based on the fact that he has a lot of money and spends that money the way a badass year-old might. His feed is basically lifestyle porn for dudes who measure success in terms of women, weapons, and wealth—men who fantasize about racing fast cars, playing poker professionally, and working as a stuntman, all of which Bilzerian has done. Deborah Meshulam, the receiver in the SEC's case against Paul Bilzerian, declined to comment on the status of the agency's quest to recover its money, and an SEC spokesperson also declined to comment, citing the fact that all investigations are private. In , a judge wrote in a Florida court decision regarding Bilzerian's misuse of Haircut, "the fact that Haircut was formed by Bilzerian's son, his son's corporation, and his former attorney raises the Court's suspicion that Haircut is in active concert or participation with Bilzerian. And that's just in one scroll. Public records reveal that Dan Bilzerian has been a party to a byzantine network of corporations, companies, and other business formulations designed to protect the assets of his white-collar criminal father Paul Bilzerian from the government, and that the year-old Instagram star has been a beneficiary of trusts established by his old man in the 90s—at a time when dad owed tens of millions of dollars to the feds. From April until this past January, Dan Bilzerian was listed as the president, secretary, treasurer, and director of Caligula Corporation, which was subject to administrative dissolution by the Florida Secretary of State in for failing to file an annual report. In this case, Paul Bilzerian was likely hiding money he didn't want to pay the SEC by giving some of it to his wife and putting the rest of it in a bunch of companies and trusts and whatnot. And that money wasn't exactly clean. But I play with T-ballers. It is, essentially, a perpetual status machine that is probably very, very fun to own and operate. Shortly before that, he posted an Instagram photo with the caption, "I bought this house in Montana yesterday, I haven't seen it yet, but the pics look sick. The man made his fortune in the s as a corporate raider, engaging in various tactics to artificially drive up the price of companies in which he had a stake and raking in a tremendous profit in the process. It should be said that the Bilzerian family's financial trickery is less a testament to some unique evil on their part and more to their taking advantage of the convoluted and often unenforceable rules and regulations governing the financial world. It's hard to definitively prove that Dan Bilzerian's trust fund is made up of money that belongs to the SEC, but all signs point to that. But Dan "decline[d] to say how much or what role it had in kick-starting his career. In his world, or at least on his Instagram, first you get the money, then you get the things, then you get famous for having the things, then you turn that fame into more money. Speaking to ALL IN magazine , Bilzerian—who, through a representative, declined to comment for this article—repeated this statistic. However, a bankruptcy filing by National Gold Exchange—a company with which Paul Bilzerian did business—referred to Caligula as being "controlled by Paul Bilzerian. It's alleged schemes like this—along with the trust and the vast, confusing interconnected network of Bilzerian financial affairs—that led one lawyer to write that the family's finances were "like an onion, the more layers you peel down, the more it stinks and makes you cry. In , the elder Bilzerian filed for bankruptcy in the state of Florida. The web of assets that Paul Bilzerian wove in the 90s is extremely intricate. In , he was convicted of fraud and served 13 months in federal prison. SEC filings also show that Paul Bilzerian established an irrevocable trust for his two children, Dan and his younger brother Adam who is also a well-known poker player. Overseas Holdings Limited Partnership owned stake in Cimetrix, a Utah software company of which Bilzerian was once president. Follow Drew Millard on Twitter. In , a judge noted that this trust was one of many means through which Paul "appear[ed] to be attempting to hide his assets. Caligula was formed in by Terri Steffen, who according to corporate filings, handed the role of principal over to Adam, the brother, in A year later, Adam gave the corporation to Dan. {PARAGRAPH}{INSERTKEYS}Dan Bilzerian is one of those celebrities whose fame is difficult to comprehend. Paul Bilzerian certainly didn't. When I reached out to Cimetrix about the Bilzerian family's involvement in the company, a spokesperson told me they had no idea who Paul Bilzerian was. Image via Dan Bilzerian's Instagram. Terri Steffen. If you're inclined, you can look at numerous SEC filings, like this one or this one , which are complicated to the point of essentially being written in code. Still, as a Florida judge put it in , "Between and , Bilzerian transferred his substantial assets into a complex ownership structure of off-shore trusts and family-owned companies and partnerships. At its most extreme, this dance found Paul Bilzerian declaring bankruptcy and then going to jail for refusing to admit he was lying about his finances. If you look at poker like a business, I'd say I'm fuckin' Bill Gates. According to a ruling in a civil suit filed by the SEC against Paul Bilzerian, "[Paul] Bilzerian does appear to have some involvement in Caligula" and the agency had suspicions he'd spurred a lawsuit on Caligula's part against National Gold Exchange. If you manage to decipher them, you can find stuff out like this: In , Paul Bilzerian and his wife, Terri Steffen, established the Paul A.