The mansions, the yachts. The parties—the models. How does Dan Bilzerian, the globe-trotting, cash-stacking, gun-toting, Instagram-boasting partying playboy do it? Or, more to the point: How does he pay for it all?
According to a lawsuit filed this week, he doesn’t. Dan Bilzerian rents his house, and charges the rest of his six-figure lifestyle to a credit card that someone else pays off.
The lease on his home in the ritzy Los Angeles hills, for example, is $200,000 a month. Dan Bilzerian does not pay this rent.
The house and everything else—the models, the flights, the yachts, etc.—is charged to the corporate tab of Ignite International Ltd., the company Bilzerian founded and serves as CEO and majority shareholder, according to Curtis Heffernan, Ignite’s recently ousted former president.
Paying Dan Bilzerian’s $2.4 million annual rent, and paying for everything else Dan Bilzerian does, would be one explanation for how Ignite managed to lose a reported $50 million last year, as Forbes.com first reported.
And according to Heffernan’s suit, complaining about Dan Bilzerian’s addiction to spending company money—and objecting to various sleight-of-hand tricks that would hide this spending—are what got him fired.
According to a lawsuit filed this week, he doesn’t. Dan Bilzerian rents his house, and charges the rest of his six-figure lifestyle to a credit card that someone else pays off.
The lease on his home in the ritzy Los Angeles hills, for example, is $200,000 a month. Dan Bilzerian does not pay this rent.
The house and everything else—the models, the flights, the yachts, etc.—is charged to the corporate tab of Ignite International Ltd., the company Bilzerian founded and serves as CEO and majority shareholder, according to Curtis Heffernan, Ignite’s recently ousted former president.
Paying Dan Bilzerian’s $2.4 million annual rent, and paying for everything else Dan Bilzerian does, would be one explanation for how Ignite managed to lose a reported $50 million last year, as Forbes.com first reported.
And according to Heffernan’s suit, complaining about Dan Bilzerian’s addiction to spending company money—and objecting to various sleight-of-hand tricks that would hide this spending—are what got him fired.
