Adin Ross, a prominent figure in the world of streaming, has made headlines with his impressive investments and substantial financial portfolio. As reported by celebritynetworth.com, his current net worth is estimated at around $16 million. This figure is likely to increase, particularly with his stake in the gaming community through Kick, where he recently disclosed ownership of 20% in the celebrated esports organization, FaZe Clan.
During a lively stream alongside fellow FaZe members and Twitch streamers Nick “Lacy”and Jerry “Silky,”Ross openly shared details regarding his significant investment made in 2024:
“Guys, you know I own equity in FaZe, right? You didn’t know that? I invested like $5 million, I think a year ago. I own 20%.”
The Reactions from FaZe Members
Ross’s announcement piqued the curiosity of his collaborators, who playfully responded to his claim of ownership. Silky humorously remarked:
“He’s trying to say he owns us.”
Lacy interjected with a mix of disbelief and humor, stating:
“You own us?”
In response to their remarks, Ross confidently reaffirmed his stake:
“20%. Am I allowed to say who it’s with? I know (FaZe) Bankz. Wait, y’all didn’t know that? Well, 20%. Is that bad? I’ve had this the whole time.”
Notably, Adin Ross’s connections extend beyond FaZe Clan. He is also a minority shareholder in Kick, the streaming platform he utilizes, which is predominantly owned by Easygo Entertainment Pty Ltd., the company managed by Ed Craven and Bijan Tehrani, who also operate Stake.com.
Understanding FaZe Clan’s Ownership Structure
For those unfamiliar with the dynamics of FaZe Clan’s ownership, it’s essential to note that in March 2024, GameSquare Holdings, Inc. executed an all-stock acquisition of the organization. This strategic move was supported by high-profile investors, including Jerry Jones, owner of the Dallas Cowboys, and Goff Capital, with the deal closing at a valuation of $17 million as per reports from Bloomberg.
With this acquisition, GameSquare shareholders gained approximately 55% of the newly merged entity. Other prominent investors in FaZe Clan comprise notable figures such as rapper Offset, music executive Jimmy Iovine, and B. Riley Financial, alongside Ross’s impactful stake.