Logan Paul recently stirred up mixed reactions by dispensing financial advice to Generation Z during a live television appearance, where he encouraged them to embrace greater risk-taking.
The 30-year-old YouTube sensation urged younger viewers to channel their efforts into pursuits that hold significance for them, even if these endeavors defy conventional norms.
“If you’ve got the funds, don’t shy away from taking risks, especially while you’re young,” Paul advised on Fox Business this past Tuesday.
According to CelebrityNetWorth, Paul’s current net worth is estimated at $150 million.
Renowned for his engaging content on platforms like YouTube and TikTok, Paul has also ventured into business with his Prime energy drink and has made a name for himself as a prominent WWE wrestler.
“When you’re young, there are opportunities to invest your money in ventures that could hold more personal significance compared to traditional, conservative investments like the stock market,” he explained.
That could mean trading cards, artwork, sports memorabilia like game-worn attire or even ‘a piece of a dinosaur’, Paul added.
His investment tips caused division on social media, as users debated whether Paul’s advice was prudent or irresponsible.
Logan Paul said Gen Z should not ‘be afraid to take a risk, especially if you’re young,’ as he pushed for unconventional investments to be more widely accepted
‘Risk is fine but Gen Z needs transparency and fundamentals,’ one X user wrote. ‘Not celebrity investing advice.’
Another weighed in: ‘True, take the risk.’
Paul told Gen Zers they should remain wary of their investments, even as they looked to beat the stock market.
‘You gotta be careful with what you’re investing in,’ he said. ‘Or trade out of it.’
The celebrity entrepreneur’s remarks came as he admitted to having paid a world-record $5.3million for a single Pokémon card.
‘If you can’t buy a home you sure as hell cant [sic] be investing in Pokémon cards,’ another X user said. ‘Get a Roth IRA before you go out and get Pokémon. This is ridiculous!’
Paul sported the collector’s item – a PSA 10 Pikachu Illustrator card – during his television appearance as part of a bejeweled chain worth $75,000.
The YouTube star turned WWE wrestler appeared on Fox Business wearing a $5.3million Pokémon card around his neck, which he purchased for a world record
He joked: ‘Someone gave me way too much money as an adult, and as a kid who grew up playing the game, I was like, ‘Oh, wow, there’s a trading card game here, and I can spend my entire net worth on it’.’
Paul’s YouTube content alone generated $10million this year, according to Forbes.
The card, which Paul called the ‘rarest, most valuable’ in the world, will go up for auction next February.
He did not want to speculate as to what it could eventually be worth, as he touted wearing the rare collectible to the ring during his entrance at a WWE WrestleMania match.
One X user wrote: ‘Financial advice from a wrestler? What advice did Macho Man Randy Savage have for the boomers?’
But others backed his nontraditional purchases and said Paul was offering shrewd advice.
‘He’s so far ahead of the crowd,’ a user on X said. ‘You laugh now… but just wait until you’re forced to understand the future economy of the world when sustainable abundance is achieved and money has little to no value compared to Art.’
Another added: ‘As much as you’d like to make fun of him, you should probably look up the value of certain Pokémon cards. They go for tens of thousands all the way to millions.’
During his live television appearance, Paul donned the collector’s item as part of a $75,000 bedazzled chain
The cards have provided a roughly 3,821 percent monthly cumulative return since 2004, per the Wall Street Journal citing analytics firm Card Ladder.
Still, not everyone has that purchasing power.
A user on X weighed in: ‘Problem is almost all young people ‘don’t have the money’.’
‘Pokémon, as an asset class, has outperformed the stock market by upwards of 3,000% in the last 20 years,’ Paul said. ‘It is a generational game and franchise that is the number one highest grossing and most popular franchise in the world.’
He explained his financial strategy: ‘I like to invest in the best of the best.’
Paul has spent millions on unusual investments, such as Pokémon cards, going back years.
In 2021, he dropped $2million on an ‘estate’s worth’ of the animated series’ collectibles, which he called some of his ‘biggest transactions’ ever.
However, others remained unconvinced by how Paul has chosen to spend his millions of dollars.
‘Speculations are not investments,’ one X user said.
