Despite Losing “Millions,” Jake Paul Turns Down More Money Than His Entire Net Worth to Do the Unthinkable

Jake Paul started boxing in 2018 to fight fellow Youtuber, Oladeji Daniel Olatunji. However, now he is a professional boxer who wants to take over the boxing world and become a champion. Recently, he was going to fight the toughest opponent of his career, Hasim Rahman Jr. at the Madison Square Garden in New York City. However, the event got canceled and Paul lost millions of dollars because of it. But, now he has something new and fresh for his fans. 

Paul stated, “I turned down $40 million dollars, here’s why. I single handedly revived boxing. Now it’s time to reinvent the sports landscape with my new company ‘betr’. I got this sh*t fu**ing tattooed on my leg, that’s how much this company means to me.” 

Paul, who is reportedly worth $30 million, declined a significant sum and told his followers the unthinkable about his new initiative. His new company ‘betr’ will have two branches, the first will be a weekly sports show called ‘BS with Jake Paul’. He even called out big competitors of the industry like Steven A. Smith, Pat McAfee, Skip Bayless, and Shannon Sharpe.  

Furthermore, the second branch, co-founded by Joey Levy, will involve sports betting and online casino. The app will allow people to do micro-betting. 

He ended the video by saying, “So betr is gonna take over this whole fu**ing industry.”     

Jake Paul loses millions as the August 6th event gets canceled 

The August 6th fight was backed by Paul’s company, MVP Promotions. The event getting canceled has swiped away a lot of money from his pocket. His brother Logan Paul shed some light on the subject on his podcast show, IMPAULSIVE. 

The Maverick stated, “He has to pay everyone on his payroll. He has to pay for the jets that were supposed to take him to and from New York and every single fighter on the undercard.”

Moreover, Jake Paul’s August 6th fight has been through a lot of trials. Notably, the fight was going to happen between Paul and Tommy Fury. However, the latter pulled out of the bout, and Rahman Jr. came as a replacement. But even that fight was canceled. 

WATCH THIS STORY: Five Fascinating Facts about Jake Paul’s Rumored Opponent Hasim Rahman Jr.

Now the 25-year-old has other plans for himself. Only time will tell how his new company will turn out to be. Until then, share your thoughts about it in the comments section below.