FaZe Banks Net Worth Revealed: How Much is the FaZe Clan Founder Worth?
What is FaZe Banks’s net worth?
FaZe Banks was the mastermind behind the creation of FaZe Clan, one of the most prominent esports groups globally. However, despite being the brainchild of the organization, he doesn’t own it. Recent revelations from the influencer indicate that he was actually written out of the company early in its existence, only regaining ownership recently.
“10 years of stress and anxiety and being fkd around. 10 years of sleepless nights tossing and turning wondering if I’d ever get what was owed to me. 10 years worth of votes, decisions, moves made that I wasn’t a part of and had no say in,” he shared. “I’ve never had a real say in anything FaZe has ever done. How crazy is that? And finally, after years and years of struggle and stress, I got my company back.”
According to Celebrity Net Worth, FaZe Banks currently boasts a net worth of approximately $13 million. While a significant portion of this wealth stems from his independent channels (connected to the FaZe Clan brand) and individual business pursuits outside the group, it appears that Banks now has a more substantial stake in FaZe Clan following the brand’s recent restructure.
Richard “FaZe Banks” Bengtson: The Rise of a Content Creator
Richard “FaZe Banks” Bengtson ascended to online fame through his gaming content, eventually launching CloutGang before becoming the CEO of FaZe Clan. Notably, he gained recognition for his online clash with Jake Paul after embarking on a relationship with Jake’s former partner, Alissa Violet.
FaZe Clan: Revamping and Rebranding
While FaZe Clan has evolved into a titan in the esports and content creation spheres, the brand’s focus has somewhat veered off course in its expansion. Once boasting approximately 140 employees, FaZe Clan’s workforce has dwindled to a mere 30 individuals.
In an interview with Drama Alert, FaZe Banks disclosed the organization’s plans to undergo a substantial makeover, including a significant reduction in its roster. “We’re cutting all kinds of people. We’re cutting the roster down significantly,” he stated. “We had something like 140 employees this time last year, I think we have 30 right now. I want to cut that down even further to like 10.”
However, the strategic realignment doesn’t solely involve employee layoffs. FaZe Banks emphasized a renewed emphasis on gaming, streamlining the brand’s clientele to align with FaZe Clan’s vision.
“I firmly believe that as long as the brand is taken care of, as long as the people who are part of the brand, that roster of 10 people, are all on the same page, have the same focus, have the same vision, and are incentivized the right way — like us paying members to put FaZe in their name and have that be the relationship, it doesn’t work,” he elucidated.
The success of this restructuring could potentially lead to increased financial gains for Banks as the strategic decisions unfold.