Jacob the Jeweler Net Worth

What is Jacob the Jeweler’s Net Worth?

Jacob the Jeweler, also known as Jacob Arabo, has a net worth of $50 million according to available data. He has acquired this fortune through his success as the owner and founder of Jacob & Co., a renowned high-end watch and jewelry making company. His designs have gained recognition and popularity among celebrities, athletes, and high-profile individuals including Floyd Mayweather, Sir Elton John, Bono, and David Beckham.

Highlights

• Jacob the Jeweler’s net worth is $50 million.
• He is the owner and founder of Jacob & Co., a high-end watch and jewelry maker.
• His designs are favored by hip-hop artists, athletes, and celebrities.
• Jacob won the 2006 Travel and Leisure Design Award.
• He has notable clients such as Floyd Mayweather, Sir Elton John, Bono, and David Beckham.
• Jacob spent two and a half years in prison for a money laundering scheme.

Early Life

Jacob Arabo was born on December 26, 1965, in Tashkent, Uzbekistan. He was the youngest of five children and the only son. From a young age, he showed a natural inclination towards artistry and craftsmanship. His interest in watches began at the age of 13 when his father gifted him a world time watch. Arabo and his family emigrated from Uzbekistan to the United States when he was 14 years old. Due to financial difficulties, Arabo discontinued his formal education in high school and enrolled in a jewelry making course to pursue his passion.

Career

Arabo’s career took off when he founded his own jewelry company, Jacob & Co., in 1986 at the age of 21. His daring designs and impeccable craftsmanship quickly gained recognition and attracted celebrities and high-profile individuals. He became popular among the hip-hop and rap community, receiving endorsements from artists such as Jay-Z and Kanye West. Arabo started working with entertainers on custom designs in the 1990s and was one of the first jewelers to create large diamond jewelry pieces for men.

In 2002, Arabo introduced a quartz watch collection called Five Time Zone which featured bold primary colors and multiple time zone technology. He continued to innovate in the industry, creating unique and extravagant timepieces. The release of the Quenttin in 2007, featuring a vertical tourbillon and a 31-day power reserve, showcased Arabo’s expertise in high-watchmaking. He has also designed custom pieces for celebrities like Leonardo DiCaprio and created the crown for the Miss World American 2019 pageant.

Personal Life

Jacob Arabo married his wife Angela at the age of 24. They have three sons together named David, Benjamin, and Joey. Benjamin now works with his father in the jewelry business. The family resides in Forest Hills, Queens, living in a brick Colonial house.

Net Worth Over Time

Jacob the Jeweler’s net worth has fluctuated over time due to various factors such as his success in the jewelry industry and legal issues he faced. As of the available data, his net worth is estimated to be $50 million.

Components of Net Worth

Jacob the Jeweler’s net worth is primarily derived from his ownership of Jacob & Co., a high-end watch and jewelry making company. The value of the company, along with its brand reputation, influences his net worth. Additionally, the success of his designs and their popularity among celebrities and high-profile individuals contribute to his financial wealth.

In conclusion, Jacob the Jeweler, also known as Jacob Arabo, has a net worth of $50 million. As the owner and founder of Jacob & Co., his high-end watches and jewelry have gained recognition among celebrities and influential individuals. Arabo’s career has been marked by his innovative designs and impeccable craftsmanship. Despite facing legal troubles in the past, Arabo has established himself in the jewelry industry, contributing to his significant net worth.

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