ANDREW Tate is a kickboxing world champion and claims to be the “world’s first trillionaire”.
But does the former Big Brother star own any Bitcoin and what are his opinions on cryptocurrency?
Does Andrew Tate own Bitcoin?
Andrew Tate has said fiat money is “trash” and “crypto is amazing for a bunch of things” including as a hedge against inflation.
Tate made the comments on the Anthony Pompliano podcast.
Bitcoin investor Pompliano interviewed the controversial viral sensation in May 2021, but sat on the footage for over a year before releasing it at the start of August 2022.
Pompliano made clear “I don’t agree with everything he says.”
Tate said his ‘financial awakening’ happened when he asked himself: “What is money? How do banks work? How does credit work? How does fractional reserve banking work?”
On the back of that, Tate stumbled across crypto and Bitcoin.
Tate was frustrated by not having enough money and began experimenting with ways to make more.
The self professed trillionaire said: “I don’t want cash.
“I want something else.
“Give me an asset.
“How can I get an asset the government can’t take? Bitcoin.”
Tate didn’t disclose how much Bitcoin he currently owns.
Who is Andrew Tate?
Andrew Tate was born Emory Andrew Tate III on December 14, 1986.
Tate was born in Chicago, Illinois, and raised in Luton, England.
His dad was chess player Emory Tate, and his mother was a catering assistant.
Tate worked as a TV producer while training as a kickboxer, before going on to fight professionally.
Andrew Tate kick-started his life in the public eye on the 17th season of Big Brother UK, in 2016 but was booted out after just a week when a video emerged of him hitting a woman with a belt and verbally abusing her.
Tate later said the actions in the video were consensual and he was still friends with the woman.
Tate said: ”They cut out all the sound cause she’s laughing in the video. And they cut off the end of the video where she gets the belt and hits me back while we’re both laughing. What bullsh**t. It was 2012 and we were having a laugh.”
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Recently, Tate has gone viral on TikTok for his controversial comments.
Tate has founded an online platform called Hustler’s University, which charges his followers £36 a month to access courses about how to make money.
The website also sells specific programs for thousands of pounds that allegedly teaches subscribers how to get rich.
Members of Hustler’s University can also earn money by selling a membership to someone else, similar to a multi-level marketing scheme.
There isn’t one viral moment or clip to pinpoint his rise to viral fame, but rather a larger effort to get his own name and face out there.
One comment which did bring a great deal of attention was his decision to call out Jake Paul.
He claims he previously offered Paul $3million to box him in 2020.
“I don’t dislike him, I understand him but I want to make something clear, I would still kick the living f*** out of Jake Paul,” he told The Fellas podcast.
“I’m not some washed-up UFC fighter and I’m not smaller than him, I would beat the living s*** out of him and if he wants to fight I’ll fight him any day of the week. He’s very smart with his ‘I’m just a YouTuber angle’.”
He added: “You’re a full grown man with the best coaches in the world who has dedicated years to learning how to box. The guy’s not a jack*** and the fact he puts this spin on it is very smart.
“I offered him $3million at the time, I don’t think it’s about money for him I think it’s about credibility and fame. Him fighting me is a massive risk for him, he knows that. I’d love to kick the f*** out of the guy because I love to fight, that’s the difference between me and everyone else he’s fought.
“I’m not some desperate guy at the end of his career who needs the money. I would dedicate my life [to training], treat him like a professional and I would destroy him like I’ve destroyed all of the professionals I have ever fought.”
Paul was asked about fighting Tate in a press conference and replied: “I don’t know who that is.”
What is Andrew Tate’s net worth?
Eyebrows were raised when Andrew Tate told Adin Ross during a Twitch stream he was the world’s first trillionaire.
He said: “I was broke for a long time.
“I made my first million when I was 27 and then I had 100 million by the time I was 31, and then I became a trillionaire quite recently.”
But it’s reported Tate is quite a way short of that, with an estimated net worth of $250million and an annual salary of $25million.
How did Andrew Tate make his money?
Andrew Tate first made his money from kickboxing before setting up a webcam business with his brother Tristan.
When the business was at its peak the pair were allegedly making $600k a month with 75 girls working for them.
The brothers then invested their earnings into cryptocurrency and a chain of casinos in Romania.
Andrew Tate also sells online courses which can all be viewed on his website Cobratate.com.
Tate founded Hustler’s University in 2021.
Hustler’s University is an online program that aims to help people make money online through 18 modern wealth creation methods.
It was created to teach people to make passive income in a variety of online industries.
According to Andrew Tate, Hustler’s University is “a community where me and dozens of War Room soldiers will teach YOU exactly how to make money.
“This is a community where you will have access to stock analysis, options plays, crypto analysis, DeFi, E-commerce, Copywriting, Freelancing, Flipping, Financial planning, Business management and more.”
It costs $49.99 per month and runs entirely through a private Discord server.
It’s unknown how much Tate has made from the education program.
Tate’s impressive net worth has allowed him to amass a serious collection of cars.
This includes a $4.1million Bugatti Chiron Pur Sport, a $250,000 Lamborghini Huracan Spyder, a $370,000 Ferrari 812 Superfast, a $265,000 McLaren 720S and a $300,000 Aston Martin DBS Superleggera.
Tate also owns a $3million property in Bucharest, Romania where he currently lives.