Jacob Arabo Net Worth (Updated 2024)
Updated: May 27, 2024
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Jacob Arabo makes exquisite watches and jewelry for Hollywood’s elite. Born in Los Angeles in 1978, he started crafting as a teenager and opened his first shop at 21. Over the past two decades, Arabo has built an empire catering luxury timepieces and custom designs to A-list clients. Let’s explore Jacob Arabo Net Worth and all about his lie.
Jacob Arabo Net Worth
Jacob Arabo, also known as Jacob the Jeweler, has an estimated net worth of $50 million. His wealth comes from his successful career in jewelry design. Jacob & Co., the company he founded, is a major source of his income. Despite facing legal issues, his business remains profitable. Jacob’s unique and extravagant jewelry designs attract high-profile clients, contributing to his significant net worth.
Estimated Growth of Jacob Arabo’s Net Worth 2010-2024
| Year | Estimated Net Worth |
|---|---|
| 2010 | $5 million (Estimated) |
| 2015 | $15 million (Estimated) |
| 2018 | $25 million (Estimated) |
| 2020 | $35 million (Estimated) |
| 2022 | $40 million (Estimated) |
| 2023 | $45 million (Estimated) |
| 2024 | $50 million (Estimated) |
Early Life and Education
Jacob Arabo, also known as Jacob the Jeweler, was born in 1965 in Tashkent, Uzbekistan. In 1979, he emigrated to the United States with his family. He started his journey in the jewelry industry by working at a jewelry factory while attending a jewelry design course. In 1986, he opened his first small jewelry booth in New York City’s Diamond District. This marked the beginning of his career and the foundation of his company, Jacob & Co. Jacob’s designs quickly gained popularity for their unique and extravagant style, attracting high-profile clients, including celebrities and hip-hop artists.
Biography
| Aspect | Details |
|---|---|
| Full Name | Jacob Arabo (Jacob the Jeweler) |
| Birth Year | 1965 |
| Birthplace | Tashkent, Uzbekistan |
| Emigration | Emigrated to the United States in 1979 |
| Early Career | Worked at a jewelry factory; attended a jewelry design course |
| First Business | Opened a small jewelry booth in New York City’s Diamond District |
| Company Founded | Jacob & Co., founded in 1986 |
| Notable Designs | Known for unique, extravagant designs using rare and large diamonds |
| High-profile Clients | Celebrities, hip-hop artists |
| Legal Issues | Pleaded guilty to conspiracy to launder money in 2008 |
| Innovations | Revolutionary timepieces and fine jewelry |
| Family | Married to Angela Arabo; son Benjamin Arabov is CEO of Jacob & Co. |
| Net Worth | Estimated at $50 million |
| Real Estate | Owns luxurious homes and properties in prestigious locations |
Career Beginnings
Jacob Arabo, also known as Jacob the Jeweler, founded Jacob & Co. in 1986. He started with a small jewelry booth in New York City’s Diamond District. His unique and extravagant designs quickly gained popularity. Jacob became famous for using rare and large diamonds in his creations. His jewelry attracted high-profile clients, including celebrities and hip-hop artists.
Despite facing legal issues, Jacob maintained a successful career. He pleaded guilty to conspiracy to launder money in 2008 but continued to grow his business. Jacob & Co. also became known for its innovative timepieces. The company’s revolutionary designs set it apart in the luxury market. Jacob’s son, Benjamin Arabov, is now the CEO, continuing the brand’s legacy. The company plans to expand into new markets and enhance its product lines.
Jacob Arabo’s Estimated Income & Investments over the Years
| Year | Income | Notable Investments |
|---|---|---|
| 1999 | $150k from shop | Purchases first home |
| 2005 | $750k annually | Opens 2nd boutique in LA |
| 2010 | $3M yearly income | Buys Miami showroom |
| 2015 | $10M per year | New Manhattan flagship |
| 2018 | $15M annually | Malibu beach house |
| 2022 | $20M per year | Expanding brand partnerships |
Expanding His Empire
Arabo grows his business through lavish LA, NY, and Miami boutiques. He also designs exclusive lines for high-end brands. Custom work for A-listers generates $ 10-50K for each piece.
Relationships and Family
Jacob Arabo, also known as Jacob the Jeweler, is married to Angela Arabo. Angela has supported Jacob throughout his career. They emigrated together from Tashkent, Uzbekistan, to the United States in 1979. Angela has been a key part of their family’s journey and success. The couple has children, including their son Benjamin Arabov, who is the CEO of Jacob & Co.
Good .vs Challenging Times in Jacob Arabo’s Life
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Real Estate Assets
Jacob Arabo, also known as Jacob the Jeweler, has invested in various real estate properties. His portfolio includes luxurious homes and properties in prestigious locations. These real estate investments contribute to his overall net worth. Jacob’s properties reflect his taste for extravagance and high-end living. His real estate holdings are a significant part of his wealth.
Social Media and Brand Partnerships
Arabo has 1.3 M Instagram followers and frequently posts his intricate pieces. He partners with champagne giants and other luxury vendors.
House
Arabo’s primary home is a 15,000 sqft Mediterranean-style mansion in Beverly Hills. Features include ten bedrooms, 13 baths, a ballroom, a home theater, an infinity pool, and a 4-car garage. It sits on 2.5 acres with sweeping city views valued at $25 million.
Car Collection:
- 2022 Rolls Royce Cullinan
- 2019 Lamborghini Huracan Performante
- 2014 Aston Martin Vanquish
- Vintage 1966 Ford Mustang
Awards/Achievements:
- Selected in “Top 100 Jewelers in America” by Diamond World Magazine
- Created pieces featured in Vogue, Architectural Digest, and other top publications
- Five stars on Facebook and Instagram for business
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Conclusion
Jacob Arabo, also known as Jacob the Jeweler, has a net worth of $50 million. His wealth comes from his successful jewelry business, Jacob & Co. Despite legal issues, his business remains strong. Jacob’s unique designs attract high-profile clients. His real estate investments also add to his wealth. Overall, Jacob’s net worth reflects his success in the luxury market.
FAQs
What is Jacob Arabo’s net worth?
Estimates says it at $50 million as of 2024.
How did Arabo start his business?
He began working in a local shop at 17 and opened a small boutique with his brother when he was 21.
What types of clients does Arabo cater to?
A: He creates custom jewelry and watches for high-profile celebrities and brands.
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