How much is FaZe Bank's Net Worth in 2024? (2024)

Richard Bengston, popularly known online as FaZe Banks, is an American YouTuber, music producer, composer, songwriter, and entrepreneur with an estimated net worth of $13 million as reported by Celebrity Net Worth as of 2024.

Bengston is mostly recognized as being one of the founding members as well as the co-owner of the popular esports organization FaZe Clan. Banks first rose to prominence after his short 30-60 second clips of trick-shotting people and getting insane frags on Call Of Duty went viral on his FaZe Banks channel on YouTube.

Prior to his fame on YouTube, he was a member of the SoaR, another gaming clan, and was known as SoaR Banks until he ultimately joined FaZe in 2013. He initially joined YouTube in his SoaR days and registered it under the name bankshasbank, and uploaded his first video titled ‘the single greatest soaring in style’ in 2011.

Following his transfer to the FaZe clan, Banks relocated from Massachusetts to L.A., California, and shifted into FaZe clan’s famous Clout House. During this phase, Banks still posted clips of himself playing Call Of Duty: Black Ops 2 and Black Ops 3, as well as the popular FPS game, Counter-Strike: Global Offensive. Eventually he opted to go for more vlog-based content since he started living with other popular vloggers from the FaZe clan.

Social Blade reports Banks first reached the coveted one million subscribers mark in late 2016 and following his transfer to the FaZe clan, he gained another million subscribers in less than eight months. He thus had over four million subscribers by November 2017 and had over 300 million views by 2018.

Following the feud with Tfue, Banks stopped posting videos altogether on his YouTube channel and has since then focused on building the FaZe clan by scouting and recruiting talent to represent the prestigious organization. Apart from FaZe, Banks is co-hosting a podcast with Keemstar and Colossal is Crazy called Mom's Basem*nt.

Banks was the Chief Operating Officer of FaZe clan until May 2022. The reason for his post coming to an end is unknown. Banks remains a popular social media celebrity and has over 2.7 million followers on Instagram, 2.7 million followers on Twitter, and over 4.5 million subscribers on YouTube. He has over 400 million views on that platform alone.

FaZe Bank’s Sources of Income

The primary source of Bank's income was his status as the CEO and co-founder of FaZe clan, one of the most successful esports organizations in North America. Though he no longer plays professionally, FaZe clan has competitive rosters for FIFA, Call of Duty, and CS:GO among other games, all of which have found some decent success recently.

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FaZe Banks Net Worth

However, the company has gone through tough times with the continuous decline of the company’s stock price although there has been an uptick in recent months. The company did, however, announce mass layoffs with over 100 people let go.

Their CS:GO roster, in particular, won a major, winnings from which have surely been split among all concerned parties, with Banks being one of them. Reports state FaZe Clan made over $9,000,000 online via winnings in 2021 alone. He made quite some money in his playing days as FaZe’s original Call of Duty roster was very successful.

Between 2011 and 2019, Banks’ YouTube channel @Bankshasbank was extremely popular and with over 400 million, would have earned Banks a decent sum from AdSense revenue. To this day, Social Blade has reported that the channel earns between $14 - $225 per month or $169 - $2.7K per year.

Brand Endorsem*nts:

During the peak of his career, Banks had signed a deal with Nike to promote their shoes, and was also the face of Champion and Reebok in 2018. The FaZe clan is sponsored by a number of globally recognized brands like Nissan, G Fuel, Verizon, and Steel Series. Apart from all the corporate sponsorships, the clan has advertised on their official team jerseys.

FaZe Bank's Expenses

Banks has quite an impressive car collection that includes a Ferrari 390 Modena ($172,000), a Tesla Model S ($94,000), a McLaren MP4 12C ($116,000), and the Range Rover ($100,000) that he gifted to his ex-girlfriend Alissa Violet as reported by AutoBizz.

Aside from his fleet of cars, Banks lives in the $30 million mansion called the Clout House. It is reported that he also owns a couple of other properties in Los Angeles, though these reports are unverified.