$45 Million Worth Logan Paul Was in Disbelief Of His First Paycheck’s Harsh Reality Check About Taxes

Published 09/06/2023, 1:33 PM EDT

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Logan Paul is not just a name in the realm of combat sports. It is a story of unwavering dedication and genius ways of experimentation. In his bid to be one of the most influential people in the world, Logan Paul has managed to pull in fans from all places he’s ventured into. Starting from content creation to sports, and now even the food and beverage industry, his footprints are everywhere. But when looked deeper, his footprints come from a knack for understanding the industry like nobody does. But what about those days when Paul barely knew a thing about business or finances?

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He started his journey to global fame began when he was merely 10 years old. It was when he leveraged the still-booming internet to produce short-form content. However, with a career spanning almost two decades, it came as a shock to know when the entity realized how taxes work.

Logan Paul’s First Lesson Into Tax Regimes

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You would imagine that someone who has built a marvelous brand like Prime would know everything about how finances work. But that’s far from the truth. In a candid conversation with the famous rapper Akon, ‘Maverick’ Logan Paul spoke about the time he actually realized that he needed to pay taxes against the income he makes. Maverick said that he was in fact just 18 when he was told by one of his pals that the first cheque of $2000 he made through vines had a percentage of tax that he’d have to pay. After learning this reality of making money, Paul was in a sense of disbelief.

Explaining it further he said, ” I’m bragging to them and he goes,’ Man it sucks you’re gonna have to give 30 to the government and I said what are you talking about? The government? It’s my money. I made this money. He goes are you an idiot? Like you have to pay taxes. I go attacking. My mom pays taxes. I don’t that’s like a parent thing though right At 18 years old, I’m stunned that this is a thing. No one taught me in school. My parents didn’t teach me.”

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Chiming in were Akon and George Lanko. They also expressed the pang they feel when a certain amount of money they make goes away in the form of taxes. Lanko said, “I’ll always remember the first time that when it finally hit seven figures I cried. I actually cried I had actual tears you paid seven figures in taxes in three past years.”

A Business Acumen of the Legends: Logan Paul

The older Paul brother’s business venture, Prime is his brainchild. He has invested his blood, sweat, and everything he has into making this brand a name for global domination. Now, it seems as though his efforts have placed the brand into the trajectory he hoped it would go to. The brand which is still in its nascent stage was launched a year ago. But the revenue it has generated in its maiden year of business is massive!

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A whopping $250 million! It was reported that in April this year, Prime made a stellar $51.7 million in sales in just over a month. Looking at such data, the 250-million mark does not seem that astonishing. A collaborative effort between him and KSI, Prime has emerged to be one of those business decisions that has gone correct in all the ways the two would have hoped. Leveraging his clout on multiple forefronts, Logan pushes the brand into territories that have never been explored before.

As we applaud the massive success of Prime Hydration it is important we take cognizance of the stellar effort Logan Paul has put in making his money. A brain trusted with business acumen, and a wit that boasts of talent, he is a name that holds immense potential for the years to come. It is nothing less than exciting to see where the fighter goes in his endeavor to dominate the realms of everything he ventures into.

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What do you think of Logan Paul’s marketing capabilities? Let us know in the comments section below.

WATCH THIS STORY | Everything You Need to Know About Logan Paul’s Latest Business Venture With KSI

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Written by:

Mohammed Shafiulla

712Articles

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Mohammed Shafiulla is a Boxing Writer at Essentially Sports , who has ample experience in the field of Journalism. He is extremely passionate about the combat sport and believes in infusing life into his work. Through the medium of Sports, he wishes to touch upon discourses that often go unnoticed.
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Edited by:

Aishwary Gaonkar

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