Logan Paul owns zero stocks, holds no bonds and keeps no treasuries. What the 31-year-old YouTuber and WWE wrestler does own is a 66-million-year-old Triceratops skull he bought for $500,000 (£378,000) roughly three years ago. He told theIced Coffee Hourpodcast it is now worth about $1 million (£756,000).
'Over the next 20 years, I do think a dinosaur is going to outperform the stock market,' Paul told hosts Graham Stephan and Jack Selby during a wide-ranging interview at his home in Puerto Rico.
Paul, who co-founded thePrime energy drink brand, said his liquid cash sits between $30 million (£22.7 million) and $40 million (£30.2 million). The hosts had estimated $80 million to $90 million (£60.5 million to £68 million). Paul attributed the gap to spending, including a $4 million (£3 million) wedding and a new house in Puerto Rico.
When the hosts asked whether he held any financial instruments, Paul said he did not. His financial adviser, he added, considers him 'a lunatic.' Paul said he views the adviser more as a certified public accountant than someone whose guidance he follows.
'What am I going to do with the stock, bro?' Paul said. He told the hosts he had briefly used E-Trade, lost money and pulled out entirely.
Dudley is going back to his rightful owner @Logan Paul ig u can have him back
The dinosaur skull is part of a broader collectibles-over-equities philosophy that Paul has built his finances around. Days before the podcast interview, he sold a Pikachu Illustrator Pokémon card for $16.49 million (£12.5 million) at auction. He had bought it for $5.3 million (£4 million) in 2022.
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Paul told the hosts he has spent at least $10 million (£7.6 million) on Pokémon cards in total and that more of his net worth had been tied up in 'cardboard' than any financial adviser would consider sensible. He stores the collection in a private vault.
'I go to the vault that we store the cards in. I look at my card and I feel good,' he said. 'Nvidia stock can't make me do that.'
Source: International Business Times UK