He has never had a good role model in his life, and this definitely could be the reason he acts out and behaves the way he does today. Why is Bilzerian the way he is? It could go back to his childhood and the fact that he was almost destined to become a financial fraud. His childhood seems to have been difficult and lonely, despite his family’s money. Money doesn’t give you happiness, let that be a lesson you learn from reading this article if there is one.
His father was absent most of the time because he was wheeling and dealing exotic deals. When he was around, he made life very difficult. His father sued Dan’s Little League baseball team for slander in an argument over a $5000 donation. The case was dismissed, but it certainly caused unnecessary drama.
Bilzerian knows he is a “flashy lunatic” but doesn’t seem to put any effort into changing and stopping the concerning lifestyle he is stuck in. Bilzerian even admits that he is such a “flashy lunatic” because he didn’t get the attention he needed as a child. We might feel sorry for him, but the fact that he’s realized this about himself but doesn’t want to make a change removes any empathy for this type of situation he’s found himself in.
There was one notable time, according to Bilzerian, that his father made an effort to spend time with him. His father drove him to school shortly after he turned 10. That was when his father told him that he was going to prison – he had been found guilty on nine counts of stock and tax fraud. It had to do with a pump-and-dump operation involving parking investments in public companies, hostile takeover bids, and then offloading assets when share prices rose.
Classmates bullied Bilzerian in school after his dad was sent to prison on fraud charges. That was where his problem with authority began. What did the judge say about this matter? They said, “The lure of money caused Bilzerian to lose proper perspective.” And that’s precisely what’s happened to his son. After his father went to prison, Bilzerian was bullied by his classmates and he was expelled from school eventually.
He was then sent to a military academy where drill instructors attempted to get him in line. His family moved to Utah when his father was out on parole, and he started another company. But soon after, his father got into trouble again and found himself involved in even more litigation. What was Bilzerian’s reaction to this?
That isn’t the usual show and tell that schools expect. Yet, it was something Bilzerian felt very proud to be showing off. He ended up taking his father’s M16 machine gun with him to school. He said that he was showing everyone at school because he was so proud of it. We can now see where he got his obsession with guns. The school showed absolutely no sympathy for the situation and authorities got involved as well.
Bilzerian was not only expelled from the school, but the family was asked to leave Utah. That was when Bilzerian decided to try out for the Navy Seals, which he wasn’t cut out for. Despite his father having fought in Vietnam, he was not a favorite of the officers. Then, an FBI raid took place, and the ex-corporate raider was thrown into jail.
Where has Bilzerian’s money gone? His father is estimated to have half a billion dollars stashed away somewhere in the Cook Islands, and Bilzerian has his own trust fund. Some people estimate that he had half a billion dollars. The family house was sold, and it ended up partly owned by a charity named after the cat the family owned. Where did the other family assets end up? They’re in the Cook Islands.
Bilzerian still has trust funds in his name, and he even ended up using a third of one to bail his dad out of jail. That didn’t go down well at home, and his father wouldn’t talk to him for eight months, which is quite ridiculous considering Bilzerian tried to do something to help his father out.
Bilzerian has recently replaced his publicist with a new one who seems to be trying their best to clean up his image. It might take a lot more than a new publicist to clean up the damage Bilzerian has done to his image over the years. He’s altered his Twitter bio slightly – dropping the profanity he refers to himself as. Bilzerian also made some charitable donations and has let everyone know about these efforts.
He’s also been relatively quiet when it comes to press interviews, which certainly isn’t a regular thing for this man who loves any attention he can get. So, is he now on the path to redemption, or is he just trying to get himself back on his feet so he can carry on with the notorious lifestyle we have seen flashed all over his Instagram feed?
Bilzerian also has his own social media manager who has complained to him that the content and bad behavior wasn’t “brand-friendly” and could potentially deter some sponsors in the future. His social media manager isn’t happy about how he portrays himself online as it’s damaging to future sponsorships. Bilzerian leaked this text message exchange showing that he doesn’t take the advice seriously at all.
He then posted a picture of himself on a yellow life raft making a grand entrance into a nightclub with a naked woman lying next to him. They say a picture says a thousand words, but to make sure we all got the point that the lude and crude Bilzerian isn’t going anywhere, he finished it off with a caption saying, “Good thing I’m rich, and I don’t give a f***.” Well, we’re not sure that you’ll be that rich for that much longer, Dan.