Net Worth Ranker
What Is Richard Bengtson (FaZe Banks) Net Worth?
Richard Bengtson, more widely known as FaZe Banks, has carved a significant niche for himself in the digital landscape. As of 2024, his estimated net worth stands at approximately $13 million, marking him as a successful figure in the online entertainment and esports industry. His financial success is attributed to a variety of sources, from being a co-founder and key figure in FaZe Clan to his endeavors as a content creator, music producer, and entrepreneur. He is the richest member of Faze Clan, exceeding FaZe Rug’s estimated net worth of $10 million.
Early Life and Career Beginnings of FaZe Banks
Richard Bengtson was born on October 18, 1991, in Lawrence, Massachusetts. At the age of seven, his family relocated to Lowell, Florida, where he later graduated from Lowell High School in 2010. Bengtson began his journey into the digital world during his high school years, initially gaining traction on YouTube with gaming content. His YouTube career officially started on September 18, 2011. Before his affiliation with FaZe Clan, he led a Call of Duty team known as SoaR. His initial YouTube channel name was ‘BanksHasBank’. On October 5, 2011, he posted his first video titled “The Single Greatest SoaRing In Style”, which primarily showcased “Call of Duty” gameplay. He eventually changed his alias from SoaR to FaZe Banks in 2013.
FaZe Clan and its Impact on Richard Bengtson (FaZe Banks) Net Worth
FaZe Clan, co-founded by FaZe Banks, transitioned from a gaming group established by CLipZ, House Cat, and Resistance to become one of the leading esports organizations globally. Bengtson’s role extended beyond mere membership; he served as the Chief Operating Officer (COO) of FaZe Clan until May 2022. In 2013, he joined the Call of Duty gaming group known as ‘Faze Clan’. He took on the name ‘Faze Banks’ following his involvement with FaZe Clan. In 2021, FaZe Clan went public on NASDAQ. Banks’ involvement in FaZe Clan has significantly contributed to his net worth, as he is one of the founders and owners. He has overseen expansion into various games, including Overwatch, Fortnite, and Counter-Strike: Global Offensive. In 2020, FaZe Banks and others were renting a 12,700-square-foot Burbank mansion that once belonged to Justin Bieber, with a monthly cost of $80,000.
Richard Bengtson (FaZe Banks) Career Milestones and Earnings
One of FaZe Banks’ most popular videos is titled ‘Crashing FaZe Temperrrs Car! ‘. Starting off modestly, today ‘BanksHasBank’ or ‘FaZe Banks’ has amassed over 5.1 million subscribers and over 410 million views. Between 2011 and 2019, Banks’ YouTube channel earned a decent sum from AdSense revenue. To this day, the channel earns between $14 – $225 per month or $169 – $2.7K per year. In November 2016, he reached one million subscribers on YouTube. By August 2017, he had reached 2 million subscribers, and 3 million in a few weeks. His account reached 100 million views after 3 years of joining. By the end of 2021, The faze banks channel had 5 million subscribers with around 450 million views, with 600000 daily views from different sources. He earned revenue of about $2400 a day. Richard ‘Faze Banks’ Bengtson has secured a 25.5% ownership interest in Faze Media, a company dedicated to content creators. Bengtson now controls 31% of the company, while GameSquare, the previous primary shareholder, retains a dominant share to maintain “stability and continued growth,”.
Partnerships, Sponsorships and Endorsements
FaZe Banks’ career has been punctuated by lucrative partnerships and sponsorships. During the peak of his career, Banks signed a deal with Nike to promote their shows, and was also the face of Reebok and Champion in 2018. The FaZe clan is sponsored by a number of globally recognized brands like Nissan, G Fuel, Verizon, and Steel Series. Apart from all the corporate sponsorships, the clan has advertised on their official team jerseys. Current became the tenth partner of FaZe Clan, joining the likes of fast-food chain McDonald’s, Japanese automotive marque Nissan, and gaming furniture manufacturer RESPAWN. In 2024, FaZe Media revived their partnership with G FUEL, a multi-year, multi-million-dollar sponsorship and licensing deal. FaZe Media will receive an equity component in G FUEL as part of the contract, further aligning the two companies’ core community-focused values and fostering deeper collaboration to drive growth and engagement within the gaming ecosystem.
Richard Bengtson (FaZe Banks) Investments and Business Ventures
Beyond content creation and esports, FaZe Banks has strategically diversified his portfolio through investments in various business ventures. Aside from his gaming investments, the pro gamer owns $3 million in shares and stocks in other companies, according to several internet sources. He also invested in cryptocurrency, revealing a $200,000 splurge on four altcoins: Prime, Pepe, Mog, and Clouds. Notably, Clouds is still under wraps, not yet officially launched, adding an element of intrigue and perhaps higher risk to his portfolio. In May 2024, GameSquare announced the formation of FaZe Media, led by Richard “FaZe Banks” Bengtson as CEO. This formation spins off FaZe Holdings into an esports company, and an internet media company. FaZe Media received $11 million in investment from Matt Kalish, the president and co-founder of DraftKings, resulting in Kalish owning 49% of FaZe Media during its foundation.
Controversies and Legal Battles Faced by Richard Bengtson (FaZe Banks)
FaZe Banks has not been immune to controversies and legal battles that can impact net worth and reputation. A notable instance includes the lawsuit filed against FaZe Clan by Turner ‘Tfue’ Tenney, alleging that the organization’s contracts were restrictive and demanded large sums of gamers’ incomes. According to reports, FaZe Banks admitted that the deal was trash. Base compensation was set at $2,000 per month, with reviews every six months that can result in either an increase, or a decrease, of up to 25 percent, “at Company’s sole discretion.” Tenney was also entitled to 80 percent of any winnings he earns, with the rest going to Faze Clan. The “other income” section is where it gets interesting: In-game/sticker (&”In-Game Merchandise&”): 50 percent to Gamer and 50 percent to Company. In 2025, FaZe Banks, the co-owner of FaZe Clan, accused content creators Kaysan and PlaqueBoy Max of destroying the home, leaving the entity with “nothing left.”
Real Estate and Luxurious Lifestyle
While specific details regarding FaZe Banks’ real estate assets are not readily available, his association with content houses and luxurious living arrangements is well-documented. For example, in 2020, members of FaZe Clan moved to a 12,700-square-foot Burbank mansion where Justin Bieber reportedly once lived. The 10-bedroom, 16-bathroom home cost $80,000 per month. The massive home included two master suites, home theater, gym, library, games room, spa and massage area. The 36,000-square-foot lakefront property also had three other residences, including a guest house and two apartments. He also lived in a 12,500-square-foot Hollywood Hills mansion.
Social Media Presence and Content Creation
FaZe Banks leverages his social media presence and content creation skills to amplify his brand and generate revenue. As of 2024, he has over 2.7 million followers on Instagram, 2.7 million followers on Twitter, and over 4.5 million subscribers on YouTube. His YouTube channel showcases a variety of content, ranging from gaming highlights and streamer drama to personal vlogs and challenge videos. All of his videos get millions of views consistently, whether it’s FaZe Banks surprising his girlfriend with a new car or hanging out with fellow social media star Jake Paul. He has uploaded 176 videos on his YouTube channel. FaZe Banks makes approximately $ 1.21 per 1000 views. The average likes on FaZe Banks’s YouTube videos are 257,120.
Personal Life and Public Image of Richard Bengtson (FaZe Banks)
FaZe Banks’ personal life has often intertwined with his public persona, contributing to both his popularity and controversies. In 2017, Banks began dating Alissa Violet, a model and YouTuber. She previously dated Jake Paul. In 2017, he began dating Alissa Violet, an Instagram personality. Since then, the two have shared a few photos of themselves on Instagram. After the feud with Jake Paul, FaZe Banks gained 200,000 YouTube subscribers. He bought Alissa Violet a $100,000 car, sharing her reaction in a vlog. FaZe Banks’s target audience primarily consists of individuals in their 20s to early 30s. This demographic is deeply engaged with gaming, particularly Call of Duty, and is active on platforms like YouTube and social media.
Recent Developments and Future Prospects
In recent years, FaZe Banks has demonstrated a proactive approach to evolving his brand and diversifying his revenue streams. In May 2024, GameSquare announced the formation of FaZe Media, a new company led by FaZe Banks as CEO, with a focus on creator-led IP and internet media. The new company comes just weeks after FaZe gutted its existing roster of creators and replaced former members with several new ones, including streamers like Lacy, Max, and Silky, in what Banks called “a reboot.” FaZe Media recently received $11 million in investment from Matt Kalish, the president and co-founder of DraftKings. In June 2024, Richard ‘Faze Banks’ Bengtson has taken a 25.5% ownership stake in Faze Media, a company dedicated to content creators. Bengtson now controls 31% of the company.
