It's in the name, Faze Banks' pockets run deep.
He drives a five-door ranger rover evoke SE, which would have set him back at least 42
grand, and lives in a 12.5 Million Dollar mansion, where one of his neighbours is 21
Savage.
The monthly rent on this house is somewhere between 30 and 47 thousand.
Good thing he's got Rice Gum and his girlfriend Alissa Violet to help cover those costs.
As his fans are well aware, Banks likes to splurge on tattoos.
He's gotten several from celebrity tattoo artist Romeo LaCoste, who charges 250 dollars
per hour.
So, something like this breathtaking tiger tat must have set him back at least a thousand
bucks, but could easily have cost twice that.
($1000-2000)
FaZe Banks also has a huge walk in closet, filled to the brim with football jerseys ($150
each) and baseball caps.
His shoe collection features brands like supreme and yeezy, that can sell for anywhere between
a couple hundred bucks to thousands in the resale market.
He recently picked up a pair of vans for about 215 bucks, and for 650, these gucci tiger
shoes to match his tattoo.
On top of that, he's shared his gains with his loved ones.
He bought a pair of english bulldog pups for his girlfriend and dad, and those can cost
anywhere between 750 to 3000 a pop.
($1500-6000) But, hey, this guy can easily easily afford it.
Most online estimates peg Faze Banks to be worth about half a million dollars.
But, those estimates usually fail to take into consideration all the revenue this guy
makes beyond his personal youtube channel.
As the COO and owner of FaZe clan, he's taking home a serious chunk of change from one of
the most profitable names in e sports.
FaZe clan has all kinds of potential streams of revenue, I'm talking tournament prizes,
sponsors, youtube, live streaming, and, of course, merch.
I'm going to walk you through FaZe Banks' financial come up, where the money is coming
from, and how he spends it, here for you, on THE RICH LIFE.
My name's Michael McCrudden, and I've got a question for you: What clan did Banks lead
before joining FaZe?
Place your guesses in the comments down below.
The answer will be at the end of this video.
Now lets roll that intro.
Ricky Banks was born on October 18th, 1991.
He started his channel, Banks Has Bank, on September 17th, 2011, about a year after FaZe
clan was first formed.
At the time, Banks was not a member, but after the skilled COD player helped to build up
his own team, FaZe eventually took notice.
Banks announced on youtube that he was recruited to become a leader of FaZe on March 24th,
2013.
Banks assumed a few different titles during his time with FaZe.
Aside from being a leader, he was called the Chief Operating Officer, and to this day,
he describes himself on his youtube about page as “internet gangster and owner of
@FaZeClan”, despite announcing that he had left the clan back in January of 2016.
Of course, when he tweeted that, he was going through some mental health issues, so we can
probably just ignore that and assume he still owns a piece of FaZe.
As FaZe clan's popularity grew, so did that of Banks.
His channel grew gradually from about 30 thousand subs, to well over half a million between
2013 and 2016, and has exploded over the last year.
At the time of this recording, Banks has over 2.9 million subs, and has received over 98
million youtube views.
Once YouTube takes its cut, that translates to at least 196,000 dollars (minus production
expenses) in ad revenue.
Plus, what ever he's been able to pick up from sponsored videos and personal endorsement
deals.
Analyzing his youtube earnings, Nailbuzz.com estimates that FaZe Banks has a net worth
of 200,000 dollars, where as most online sources peg Banks' net worth to be about half a million
dollars.
That might seem high considering his likely youtube revenue, but if anything, I think
they're low balling it, when you consider how much he's made as an owner of FaZe Clan.
Since Banks joined FaZe, the youtube channel alone would have generated at least 506,000
dollars from 253 million views.
E Sports Earnings dot com calculated that as of 2016, FaZe earned about 1.5 million
dollars in prize money from 137 tournaments.
The team also has three major sponsors, Gamma Gamers, Scuf Gaming, and Electronic Gamers
League.
But, it's unclear whether the sponsors just provide the team with their products, or actually
doll out money, and if so, how much.
The biggest revenue stream for FaZe is most likely their merch.
You can buy FaZe clothes and accessories at their official online shop, fazeclanstore.com,
and through websites like redbubble and amazon.
Without delving into the company's books, it's impossible to tell just how much they've
earned in revenue, or how much they pay out in expenses.
But, there's no doubt the company's taken in millions, considering how much they're
able to spend.
In 2016, FaZe spent 700,000 dollars to buy the most expensive CS GO team in history.
One year later, they spent almost as much so they could add just one player to their
roaster, buying Nikola Kovac out of his contract with another team for 500,000 dollars.
With that kind of cash to throw around, there's no telling how much Banks would have earned
as COO and owner, but it probably far exceeds the two hundred thousand he's earned from
his youtube channel.
So, now let's turn to the fun part, what he spends his money on.
We've already talked about his 4 story mansion in the Rich Life I did on Rice Gum, because
it's the same house.
So for more information on that 12.5 million dollar mansion, check out that video.
Like his buddy, Rice Gum, he seems to be whipping around the streets of LA in a Range Rover.
His whip appears to be a five-door ranger rover evoke SE, which would have set him back
at least 42 grand, before add ons, surcharges and taxes.
Banks hasn't shared much about the cars he drives, but that doesn't mean the guy doesn't
collect expensive things.
A quick glance into his closet shows he's got huge collections of jerseys, hats, and
shoes.
And his shoes don't come cheap.
In that video, he mentions owning Yeezys and a pair of shoes by Supreme.
Yeezys can retail for as low as 70 dollars, but are resold online for thousands.
The most expensive pair, Yeezy Boost 750s in gray, sold on E Bay for 20 thousand dollars.
With Supreme, it's a similar story.
You can get Supreme flip flops for just 25 bucks, and at the upper range, resellers have
sold louis Vuitton supreme shoes for 25 hundred.
Banks picked up a pair of Bodega X Vans Sk8-His, with a price tag of about 215 US dollars.
He's also got a pair of gucci tiger shoes, worth 650 bucks.
Now, those shoes were to match his Romeo Lacoste tiger tattoo.
And Banks has a lot of ink.
He's also got tattoos of an AK 47 and two different rose tattoos.
He's got this one of a dagger and a rose.
These, Banksy inspired tattoos of a girl and her heart shaped balloon.
And, this sleeve of a tattooed lady, who is, for some reason, in a bikini and a balaclava.
That right there's is at least 8, pretty intricate tattoos.
He could easily have paid a thousand dollars a pop, considering that he frequently uses
top-rate tattoo artists like Romeo Lacoste.
Romeo charges 250 dollars per hour, and won't tattoo anything for less than 200 hundred
bucks, no matter how small.
And Banks has so many tattoos that he's even let chance decide what tattoo he would get
next.
Tattoo roulette is a dangerous game, kids.
I cannot recommend it.
Sure enough, Banks has spent thousands on his ink, but that doesn't mean he's always
paying top dollar.
He's obviously not always choosy, because he once let his buddy rice gum tattoo him
I can't recommend that either.
Pro tip, don't let rice gum go anywhere near you with a tattoo gun.
Of course, Banks doesn't spend all his money on himself.
He picked up two English Bulldogs, London and Brady.
One was as a gift for his father.
The other was for his gf, Alissa Violet.
At least it was supposed to be a gift.
But from the looks of his twitter feed, Banks has gotten pretty attached to the dog himself.
Also attached to him is a custom fit, gold grill, emblazoned with the FaZe clan logo.
How much would that set him back?
Based on the custom grill websites I've see, I'm guessing somewhere in the ball park of
300 bucks.
As for this last purchase...
the rental of an asian baby.
Well, I can't begin to guess how much he spent on that.
But whatever the cost, I'm sure he could easily afford it.
The guy's come a long way since his days leading SoaR clan.
Let me know who you want to see next on the RICH LIFE.
This was season one, episode seventeen!
You guys can make your requests via Instagram or Twitter.
My handle is @McCruddenM.
Alright, see you guys in the next video!
I love gold!