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. He is best known for his Instagram and YouTube followings. As of this writing, Austin has around 7 million followers on Instagram, just under 2 million followers on Twitter and a little over 1 million followers on TikTok. His family's YouTube channel, The ACE Family, has 19 million subscribers and more than 4 billion views.
Austin McBroom was born in North Hollywood, California in May 1992. Austin McBroom played college basketball at Saint Louis University and also played basketball, football, and baseball at Campbell Hall School where he played with Jrue Holiday on the state championship team.
Austin is married to actress Catherine Paiz. Their video "The Best Proposal of All Time" has more than 39 million total views. The channel features Austin, his wife Catherine, and their three children. They've parlayed YouTube stardom into a lifestyle brand that seemingly affords a garage full of expensive cars, a $10 million mansion and more. But their success has not been without controversy.
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Social Gloves Fiasco
In June 2020 Austin produced an event called "Social Gloves: Battle of the Platforms" which pitted YouTube and TikTok personalities in a boxing event. The event was organized by Austin's company, Simply Greatness Productions LLC. The event was hoping to receive 2.2 million Pay Per View buys. According to a lawsuit filed months later, the event only drew 136,000 PPV buys. The lack of PPV interest set off a slew of lawsuits from performers and production companies involved in the event. Austin's company was reportedly at one point considering filing for bankruptcy and suing one of the marketing firms for failing to properly market the event. A marketing firm called LiveXLive sued McBroom's company seeking $100 million in damages. Two performers sued claiming to be owed around $2.7 million for their boxing services.
According to several reports, including one from the NY Post and another from Billboard, Brooklyn Nets star James Harden and rapper Lil Baby both invested in the event are allegedly seeking millions in owed payments.
Real Estate
In May 2019 Austin and Catherine paid $10.6 million for a mid-construction property in Woodland Hills, California. According to real estate records, they put roughly $1 million down and financed roughly $9 million. Their monthly mortgage bill came to $70,000. That would require approximately $1.7 million per year in pre-tax earnings to service.
At the time of the purchase the property featured two un-finished mansions. They couple proceeded to complete the construction, spending millions of additional dollars. The final product features a half basketball court, mini-put course and wrapping infinity pool that stretches two sides of the property.
In an interview with the Daily Mail in December 2019, Catherine claimed that the family had been victims of a "dishonest contractor" who allegedly used a fake license to win their business then never completed the project leaving them without a certificate of occupancy which is required to actually live in the house. The family moved into the house anyway because their lease at a previous mansion was up. During their time living in the home, it did not have gas, which meant they did not have hot water or heat for more than two years. They were not even able to do laundry.
In September 2019 they filmed a tour of the mansion for their YouTube channel:
At the 1 hour 3 minute mark of the above video, note how Austin decides to ride a jet ski in their infinity pool. This action reportedly caused a mudslide on the neighbor's property below.
On July 7, 2021, it was reported that the McBrooms had stopped making payments on their mansion in early 2021 and the property was allegedly entering pre-foreclosure. A week later the home was listed as for sale on the MLS for $10 million.
In March 2022 the McBrooms moved into a rental home in Tarzana, California which had been listed for $50,000 per month.
