Net Worth Ranker
What Is Catherine Paiz’s Net Worth?
As of recent estimates, Catherine Paiz, also known as Catherine McBroom, a Canadian actress and prominent social media figure, possesses a net worth of approximately $2 million. This valuation is largely attributed to her successful career as a social media influencer, actress, and entrepreneur. Her primary source of income stems from her significant presence on various social media platforms, most notably her YouTube channel, “The ACE Family,” which she co-manages with her husband, Austin McBroom.
Sources of Catherine Paiz’s Net Worth
YouTube Channel – The ACE Family: The ACE Family YouTube channel boasts over 19 million subscribers and has amassed over 4 billion views. This immense popularity translates into substantial revenue through advertising, sponsorships, and merchandise sales. While specific earnings from YouTube fluctuate based on ad rates and viewership, a channel of this size can generate hundreds of thousands to millions of dollars annually. The video titled “The Best Proposal of All Time” has notably contributed to the channel’s success, amassing over 35 million views, which further boosts advertising revenue.
Social Media Presence: Catherine Paiz maintains a strong presence on other social media platforms, including Instagram, where she has over 7.5 million followers, and Twitter, where she has over 1.6 million followers. Her large following on these platforms allows her to secure lucrative endorsement deals with various brands. These endorsements can range from fashion and beauty products to lifestyle and family-oriented goods, generating significant income for her. Specific details of individual endorsement contracts are generally confidential, but influencers of her stature can command substantial fees per sponsored post or campaign, typically ranging from tens of thousands to hundreds of thousands of dollars, depending on the scope and exclusivity of the agreement.
Acting Career: Catherine Paiz has also ventured into acting, with appearances in films such as “Lilin’s Brood” and “Monday Nights at Seven” (both released in 2016) and “You Can’t Have It” (2017). Although these roles may not have been major box office hits, they contribute to her overall income and diversify her revenue streams. Additionally, she starred in the TV mini-series “The ACE Family Documentary: Welcome to Our Life” in 2019 and appeared in video shorts like “The ACE Family: Giddy Up” (2019) and “The ACE Family: Only One” (2020). These projects, while likely less lucrative than her social media endeavors, nonetheless add to her earnings.
Real Estate Ventures and Financial Challenges
In May 2019, Catherine Paiz and Austin McBroom purchased a mid-construction property in Woodland Hills, California, for $10.6 million. They made a down payment of approximately $1 million and financed the remaining $9 million, resulting in a substantial monthly mortgage payment of $70,000. This translates to an annual pre-tax earnings requirement of approximately $1.7 million to cover the mortgage payments alone. The property featured two unfinished mansions, which they invested additional millions to complete. The final design included a half basketball court, a mini-putt course, and an infinity pool wrapping around two sides of the property.
However, their real estate venture faced significant challenges. Catherine claimed in a December 2019 interview with the Daily Mail that they were victims of a “dishonest contractor” who allegedly used a fake license and failed to complete the project, leaving them without a certificate of occupancy. Despite these issues, the family moved into the house because their lease at a previous mansion had expired. During their residency, the home lacked gas, resulting in the absence of hot water and heating for over two years, as well as the inability to do laundry.
In September 2019, they filmed a tour of the mansion for their YouTube channel. During the video, Austin McBroom rode a jet ski in their infinity pool, which reportedly caused a mudslide on the neighbor’s property below. By July 7, 2021, reports surfaced that the McBrooms had ceased making payments on their mansion in early 2021, leading to pre-foreclosure proceedings. A week later, the property was listed for sale on the MLS for $10 million. These financial difficulties suggest that while their income may be substantial, their expenses and financial management have presented significant challenges. In March 2022, the McBrooms moved into a rental home in Tarzana, California, listed at $50,000 per month.
Detailed Breakdown of Potential Earnings and Expenses
To further elaborate on Catherine Paiz’s net worth, it is essential to examine potential income streams in detail. For instance, with 19 million subscribers, The ACE Family’s YouTube channel could generate an estimated $20,000 to $50,000 per video, depending on ad engagement and video length. Considering they upload multiple videos per week, their annual YouTube revenue could range from $1 million to $5 million or more.
Furthermore, Catherine’s Instagram account, with over 7.5 million followers, allows her to charge brands between $30,000 to $100,000 per sponsored post. If she averages two sponsored posts per month, this could contribute an additional $720,000 to $2.4 million annually. Her Twitter account, though less monetized, still provides additional opportunities for sponsored content and affiliate marketing, potentially adding tens of thousands of dollars to her income.
However, these earnings are offset by substantial expenses. The $70,000 monthly mortgage on their Woodland Hills property amounts to $840,000 per year. Property taxes, insurance, and maintenance could easily add another $100,000 to $200,000 annually. The cost of renovating and completing the two mansions likely ran into the millions, further straining their finances. Additionally, the $50,000 monthly rent for their Tarzana rental home amounts to $600,000 per year, which is a significant expense.
Catherine Paiz’s Entrepreneurial Ventures
Beyond her social media and acting career, Catherine Paiz may have other entrepreneurial ventures that contribute to her net worth. For example, she may have merchandise lines associated with The ACE Family brand, which could include clothing, accessories, and other products. The revenue from these ventures can vary widely depending on the popularity of the products and the effectiveness of the marketing efforts. She also could be involved in brand ambassadorships and partnerships, which can involve long-term contracts with companies to promote their products or services. These partnerships can be quite lucrative, providing a steady stream of income over time. Although specific details of these ventures are not always publicly available, they can play a significant role in her overall financial picture.
Personal Life and Lifestyle
Catherine Paiz’s personal life and lifestyle also play a role in her financial situation. As a public figure, she likely spends a considerable amount on personal grooming, wardrobe, and travel. These expenses can be substantial, especially given her need to maintain a certain image for her audience. She also has three children with Austin McBroom, which means she has significant childcare and education expenses. These costs can add up quickly, especially if they choose private schools or extracurricular activities. Despite these expenses, Catherine Paiz has managed to maintain a successful career and build a significant net worth. However, the financial challenges she has faced, such as the issues with her Woodland Hills property, highlight the importance of careful financial management and planning.
Analyzing Cash Flow and Financial Decisions
A deeper dive into Catherine Paiz’s finances necessitates an examination of her cash flow. Assuming a conservative estimate of $2 million in annual YouTube revenue and $1 million in Instagram earnings, her gross annual income could be around $3 million. However, this figure does not account for management fees, agent commissions, taxes, and other business expenses, which could easily amount to 30-50% of her gross income, reducing her net income to $1.5 million to $2.1 million.
Considering her substantial expenses, such as the $840,000 annual mortgage payment and the $600,000 annual rent, her disposable income is significantly reduced. Additionally, the millions spent on renovating the Woodland Hills property, coupled with the losses incurred due to the dishonest contractor and the subsequent foreclosure, would have further impacted her net worth. The decision to move into a $50,000 per month rental property also suggests a willingness to maintain a certain lifestyle despite financial difficulties, which could further strain her resources.
Long-Term Financial Outlook
Catherine Paiz’s long-term financial outlook depends on several factors, including her ability to maintain and grow her social media following, secure lucrative endorsement deals, and manage her expenses effectively. If she can continue to create engaging content and leverage her influence, she has the potential to increase her net worth over time. However, the social media landscape is constantly evolving, and it is essential for her to adapt to new trends and platforms to remain relevant. Additionally, she needs to make sound financial decisions and avoid costly mistakes, such as the issues with her Woodland Hills property. By diversifying her income streams and managing her expenses wisely, Catherine Paiz can secure her financial future and continue to thrive in the entertainment industry. Furthermore, investing in diversified assets could contribute to long-term financial stability and growth, mitigating risks associated with relying solely on income from social media and entertainment ventures.
