|Net Worth:||$2 Million|
What is Austin McBroom’s net worth?
Austin McBroom is an American social media personality and basketball player who has a net worth of $2 million. His popularity on YouTube and Instagram is what makes him stand out.
Over 7 million people follow Austin on Instagram, just under 2 million people follow him on Twitter, and just over 1 million people follow him on TikTok as of this writing. The ACE Family, his family’s YouTube channel, has 19 million subscribers and more than 4 billion views.
Austin McBroom was born in North Hollywood, California in May 1992. While attending Saint Louis University, Austin McBroom played basketball. He also participated in baseball, football, and basketball at Campbell Hall School, where he was a member of the state-champion squad alongside Jrue Holiday.
Catherine Paiz, an actress, is Austin’s wife. With over 39 million views overall, their video “The Best Proposal of All Time” is very popular. There are videos of Austin, his wife Catherine, and their three kids on the channel.
They have turned their YouTube fame into a lifestyle business that appears to have the money to buy a $10 million mansion, a garage full of pricey automobiles, and other things. Nonetheless, there has been some debate over their success.
Social Gloves Fiasco
The boxing match pitted YouTube and TikTok stars against one another in the “Social Gloves: Battle of the Platforms” event, which Austin produced in June 2020. Just Greatness Productions LLC, an organization based in Austin, produced the event. 2.2 million Pay Per View purchases were anticipated for the event.
Only 136,000 people purchased PPVs for the event, according to a complaint filed months later. A number of lawsuits were filed by the event’s performers and production firms as a result of the lack of PPV interest.
At one point, Austin’s business reportedly thought about declaring bankruptcy and suing one of the marketing companies for failing to promote the event effectively. LiveXLive, a marketing company, sued McBroom’s business and demanded $100 million in compensation. Two entertainers filed a lawsuit, saying they were owed roughly $2.7 million for their boxing skills.
In May 2019, Austin and Catherine paid $10.6 million for a Woodland Hills, California, property that was still under construction. Real estate records show that they put down about $1 million and financed about $9 million. Their mortgage payment was $70,000 per month. To service it, nearly $1.7 million in pre-tax income would be needed annually.
Two unfinished mansions were present on the land at the time of purchase. The couple then carried on the work, investing additional millions of dollars. The finished product includes a mini-put course, an infinity pool that wraps around two sides of the property, and a half basketball court.
In an interview with the Daily Mail in December 2019, Catherine asserted that the family had been the victims of a “dishonest contractor” who allegedly used a fake license to win their business before never finishing the project, leaving them without a certificate of occupancy—which is necessary for them to actually live in the house.
While their lease at the prior mansion had expired, the family nonetheless moved into the home. As there was no gas in the house when they moved there, they went for more than two years without hot water or heat. Even doing laundry was impossible for them.
According to a Dirt.com post from July 7, 2021, the McBrooms stopped paying their mortgage on their mansion at the beginning of the year and the house was purportedly going through pre-foreclosure. The house was put on the MLS for sale for $10 million a week later.
The McBrooms moved into a $50,000 month rental house in Tarzana, California in March 2022 after seeing it listed.
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