How much is FaZe Banks worth?
| Net Worth: | $13 Million |
|---|---|
| Profession: | Professional YouTuber |
| Date of Birth: | October 18, 1991 (age 31) |
| Country: | United States of America |
| Height: | 6 ft 5 in (1.96 m) |
About FaZe Banks
Born October 18, 1991, Richard Bengston or as he’s known online, FaZe Banks, is an American online personality from Massachusetts. FaZa is known for his involvement in the creation of “Faze Clan”, including the likes of FaZe Rug, and is one of the most successful online gaming organization esports has ever seen. FaZe Banks has earned income equal to an estimated salary of $3.5 million dollars per year, since 2019.
Richard’s initial rise to fame was thanks to short 30 to 60 seconds clips he would upload on his YouTube channel, FaZe Banks, which contained ‘trick shots’ or other insane type of kills that would require an immense amount of skill to pull off.
He posted his very first video in 2013 on YouTube.YouTube was a very small platform back then compared to what it is today, making it much easier for someone to break out and become ‘famous’ due to the lack of competition.
And since YouTube was generally used by gamers – it was much easier for gaming content to do well on the platform since that’s where its audience already was. Something that FaZe Banks took advantage of very well.
Unlike many other gaming organizations, that have there glory days and then eventually fizzle out, — FaZe Banks and his team still manage to dominate the gaming scene on YouTube.
Being one of the founders of FaZe clan, possibly the most successful and definitely longest-running esports organizations to date, has made FaZe Banks incredibly rich for his age.
It is all about the team which Banks has set up to compete in gaming tournaments, offline and online.
Currently Faze Clan has teams for Call of Duty, Fifa, CS:GO and a whole host of other games – growing exponentially in the last couple of years.
But originally, they only had a Call of Duty team on their roster – and as it would work out, for FaZe Banks and his wallet, this team made some serious money thanks to their success in tournaments.
Winning their first $15,000 in 2014 at UMG Nashville, and since then banking incredible gains as a team.
As of 2023, they have made an estimated $10.8 million from online tournaments alone, which FaZe banks, although not necessarily competing in all of these tournaments, would have seen a large chunk of since he co-owns the team.
Another way that FaZe Banks earned money in the early days is by producing content on the FaZe YouTube channels, allowing his fans to watch highlights of their favorite players. YouTubers get paid per click or by views on their videos.
These videos did great and got LOADS of views earning a nice chunk of change for the young gamer turned YouTube celebrity.
Speaking of money, they are also sponsored by a variety of companies, from the likes of Nissan, Verizon, Steel Series – which will all continue pay FaZe Clan for exposure. Corporations sponsor to be advertised on the teams jerseys or to have their logo in their videos.
One of their original sponsors was G FUEL, a well-known gaming energy drink brand today, they were one of the original companies in the industry to trust and back any sort of esports team.
So much so, G FUEL and FaZe hold one of the longest partnerships any esports team has seen.
A lot of success generated for FaZe Banks was because he was in the right place at the right time, uploading on a platform that was, back then, pretty easy to become popular on due to the small amount of competition.
Something which can not be said today since YouTube has grown so much since FaZe Banks first started sharing his clips online.
But, you can not take away from how constant he has been over the years, whether it was competing in big online events with his team or by uploading high-quality content for his fans to watch – he has been on top of his game for many, many years.
Which is something that can’t be said for a lot of online personalities, as generally, their glory days will only last for so long and they eventually drop out and/or become irrelevant.
The reason why FaZe Banks and his team never drop out, lose traction or quit, is because Richard’s is always recruiting new and exciting talent. This in turn helps FaZe Clan as a whole to stay relevant; fresh faces to watch, more excited less jaded gamers, and mixed cultural backgrounds and personalities. All of this goes toward accumulating more fans…and making much more money.
Banks’ Total Net Worth
FaZe Banks has earned an estimated total career income of $24 million dollars from his career on YouTube. As Banks lives in the Hollywood Hills of California, he will have had to pay around 49% in taxes on his career earnings. After tax, it is estimated that his career earnings are at around $12.24 million dollars, having paid $11.76 million dollars in taxes.
FaZe Banks is not married and has no children. In his personal life he has likely spent $2 million dollars but also earned $3 million from his investments. He will have also had to pay around $600,000 in business costs. Therefore, it is estimated that FaZe Banks has a net worth of a rounded $13 million dollars.
Summing-Up
FaZe Banks created one of the most successful teams in esports, recruiting some of the industries’ biggest talents and generating millions from their sponsors. Thanks to his consistency, Richard Bengston has done exceptionally well to stay relevant over the years. He created something from absolutely nothing – an inspiration for anyone in the gaming industry today.
