MAGAZINES
Jake PaulWho’s Legacy
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Jake Paul with brother Logan Paul (Wikimedia Commons, License: see Commons page, credit: unknown)
Who’s Legacy

From Ohio to the Ring

A Vine star from Ohio. A Disney actor. A pro boxer now.

Jake Paul was born on January 17, 1997.

He was born in Cleveland, Ohio.

He grew up in Westlake, Ohio.

His parents are Gregory Paul and Pamela Stepnick.

His parents divorced when he was seven.

He has an older brother named Logan Paul.

The brothers grew up in a Christian home.

Jake attended Westlake High School.

He played football in high school.

He also wrestled in high school.

He left school before graduating.

He finished his diploma online.

He moved to Los Angeles at 17.

He went there to chase entertainment.

Jake started making six‑second videos on Vine.

He later posted videos on YouTube.

He became known for wild stunts.

He also acted on Disney Channel’s Bizaardvark.

He left the show to focus on boxing.

In 2020 he turned professional in boxing.

He fought former MMA fighters.

He kept winning many fights.

In December 2025 he lost to Anthony Joshua.

The loss broke his jaw twice.

He was suspended by the Florida commission.

He settled a $100 million lawsuit with Matchroom Boxing.

He paid over $400,000 for SEC crypto charges.

He started a venture fund called Anti Fund.

He founded Team 10 to manage creators.

He co‑founded Most Valuable Promotions in 2021.

He merged MVP with the Professional Fighters League.

He launched a betting super app called Betr in 2022.

Joey Levy helped create the app.

Betr raised $50 million in Series A funding.

Betr is valued at $375 million.

It has raised $100 million total.

It serves one million paying users.

Betr offers sports betting, daily fantasy, and casino games.

It bought the Chameleon platform from FansUnite.

It also bought ACM Futures for growth.

Jake also runs a family office in Dallas.

Laura Brady is the CEO of the office.

The office manages his businesses and investments.

He supports his fiancée, Dutch speed skater Jutta Leerdam.

He runs the Boxing Bullies charity.

The charity renovates youth gyms.

Childhood

Jake was born in Cleveland.

He grew up in Westlake.

His early life was in Ohio.

He spent time with his brother Logan.

He learned sports from school teams.

Family

His father is Gregory Allan Paul.

His mother is Pamela Ann Stepnick.

His parents worked in real estate and nursing.

They divorced when Jake was seven.

Jake and Logan stayed close after the split.

Hometown

Westlake is a suburb of Cleveland.

The town is in Ohio.

Jake attended Westlake High School there.

He played football and wrestled locally.

School

Jake went to Westlake High.

He left before graduating.

He completed his diploma online.

He never earned a college degree.

Education and Early Work

Jake moved to Los Angeles in 2014.

He focused on digital entertainment.

He created content for Vine and YouTube.

He cleaned hoarder houses for his dad.

He did physical labor before fame.

Jake Paul speaking at Web Summit 2016 (Wikimedia Commons, License: see Commons page, credit: unknown)
Jake Paul speaking at Web Summit 2016 (Wikimedia Commons, License: see Commons page, credit: unknown)

Jake later founded Team 10.

He started the Anti Fund venture capital.

He built the betting app Betr.

He plans to fight again in late 2026.

He aims for an MMA debut in 2027.

He will co‑produce a fight series for Hulu and ESPN.

Jake Paul’s story shows a fast rise.

It shows how media can launch a career.

It shows how entrepreneurship can follow fame.

Founding Story

Jake Paul started Betr in 2022. He worked with Joey Levy, the co‑founder of Simplebet. They met while Paul looked for money for his venture firm, Anti Fund. Both wanted to build a real business. Paul wanted to own a product. Levy needed cheap ways to get betting customers. They agreed to launch a super app for real‑money gaming. The app would mix sportsbooks, daily fantasy, social casino, arcade games and prediction markets. They raised $50 million in Series A funding. The money came from several investors. The launch plan included a free‑to‑play version while they chased state gambling licenses.

Logan Paul and Jake Paul together at an event (Wikimedia Commons, License, credit: creator)
Logan Paul and Jake Paul together at an event (Wikimedia Commons, License, credit: creator)

First Product and Early Users

Betr opened as a free app. Users could play without spending money. The goal was to show the product’s speed. The app let people bet on moments in sports. It also offered daily fantasy contests. Social casino games were part of the mix. The platform added arcade style games for fun. While the app was free, the company filed for gambling licenses state by state. The first paying users joined after the licenses were approved. By early 2023 the app reported one million paying users.

Early Struggles

Getting licenses was hard. Each state had its own rules. The team spent months on paperwork. They also faced competition from older betting apps. The free‑to‑play model meant no early revenue. The company needed cash to keep servers running. Some investors were nervous about the regulatory risk. The team kept building the product while waiting for approvals.

Key Turning Points

The $50 million Series A was a major win. It gave the team resources to hire engineers. It also let them buy the Chameleon platform from FansUnite. That purchase added social features. Later they bought ACM Futures to grow their prediction market. The acquisitions helped the app reach more users. Hitting one million paying users proved the model worked. The company’s valuation rose to $375 million.

Logan Paul and Jake Paul at a promotional shoot (Wikimedia Commons, License, credit: creator)
Logan Paul and Jake Paul at a promotional shoot (Wikimedia Commons, License, credit: creator)

Growth and Funding

Betr now holds a $375 million valuation. Total funding is $100 million. The $50 million Series A made up half of that. Annual revenue is reported at $4.4 million. The company has not gone public. It stays private and has no IPO plans. The platform keeps adding new games and betting options. It also expands to more states as licenses are granted. The growth shows how a social betting super app can scale quickly with the right funding and acquisitions.

Logan Paul and Jake Paul at a media appearance (Wikimedia Commons, License, credit: creator)
Logan Paul and Jake Paul at a media appearance (Wikimedia Commons, License, credit: creator)

Setbacks

Jake Paul was knocked out by Anthony Joshua in December 2025.

The fight broke his jaw twice.

He was suspended by the Florida State Athletic Commission.

He was removed from the WBA cruiserweight rankings.

Portrait of Jake Paul (pdm 1.0) (Flickr via Openverse, License: pdm 1.0, credit: kondzillaBR)
Portrait of Jake Paul (pdm 1.0) (Flickr via Openverse, License: pdm 1.0, credit: kondzillaBR)

Criticism and Controversies

Jake faced a $100 million defamation lawsuit from Matchroom Boxing and Eddie Hearn.

He settled SEC charges and paid over $400,000 for undisclosed crypto promos.

He has been sued in class‑action cases over SafeMoon and a neighbor dispute.

Allegations of sexual assault were made, which he denied.

Jake Paul, 2023 (Wikimedia Commons, credit needed)
Jake Paul, 2023 (Wikimedia Commons, credit needed)

Recent Changes

In 2022 Jake co‑founded Betr with Joey Levy.

Betr is a real‑money gaming super app that mixes sportsbooks, fantasy, casino, arcade and prediction markets.

The company is now valued at $375 million and has raised $100 million total.

It just passed one million paying users.

Betr bought the Chameleon platform from FansUnite and ACM Futures to grow.

Cover image (Wikimedia Commons, credit needed)
Cover image (Wikimedia Commons, credit needed)

Jake also merged his promotion company Most Valuable Promotions with the Professional Fighters League.

He now sits on the board of the combined combat‑sports entity.

A Dallas‑based family office was launched to run Anti Fund, his fragrance line and other ventures.

Where He Is Now (2026)

Jake is planning a boxing return by late 2026.

He aims to debut in MMA in 2027.

He and Logan are executive‑producing a new fight series for Hulu and ESPN, set to start production in 2027.

He continues to run Betr, MVP, Anti Fund and his family office.

Why the story matters

Jake Paul shows how a digital star can become a sports mogul.

His setbacks prove that injury does not end a career.

His legal battles remind creators to follow disclosure rules.

His business moves illustrate the power of brand leverage.

The lesson: hustle, adapt, and keep fighting.

Never let a knockout stop the next round.

The Record

Valuation: $375 million

Total Funding: $100 million

Annual Revenue: $4.4 million

Paying Users: 1 million

Timeline

1997 to Born in Cleveland, Ohio.

2014 to Moved to Los Angeles to pursue entertainment.

2020 to Turned professional boxer.

2022 to Co‑founded Betr betting super app.

2023 to Betr reaches $375 million valuation.

2025 to Knocked out by Anthony Joshua; jaw fracture.

2025 to Settles $100 million defamation suit and SEC charges.

2026 to Plans boxing comeback and MMA debut next year.