Jacob Jeweler Net Worth is$100 Thousand
Jacob the Jeweler is a Bukharian-American jeweler, he has a net worth of $100 thousand. Jacob the Jeweler has earned his net worth as the owner and founder of Jacob & Company. This American jeweler's watches and other jewelry are well-known among hip-hop artists, as well as players of the National Basketball Association. Among some of his most prestigious clientele are; Sir Elton John, Bono, David Beckham and Rudy Giuliani. Jacob and his family emigrated from Uzbekistan to the United States when he was only 14. He had an interest in the family's jewelry and time pieces at a young age. This interest prompted him to discontinue his formal education at 16 and enrolling in a jewelry-making program, he caught on quickly and by the age of 17 began his own career as a jewelry designer. Although he began his career as a designer for numerous jewelry brands and clients, he soon became known for creating custom jeweled pieces, among celebrities (most notably in the music industry). Jacob who started selling his jewelry from a kiosk in the Kaplan Jewelry Exchange, which is located in the heart of New York City's jewelry district, won the 2006 Travel and Leisure Design Award Winner for his Five Time Zone "The World is Yours" Timepiece. Jacob the Jeweler was featured in a video game involving hip-hop characters who compete to earn cash to buy jewelry from Jacob the Jeweler, this game is called Def Jam Fight For NY a 3D fighting game released for the Game Cube, Playstation 2 and Xbox. He spent two and a half years in prison, a pleading to a lesser charge in 2006 for being part of a money-laundering scheme with the Detroit-based Black Mafia Family, as well as for not declaring large cash purchases to the IRS. He was also fined $50,000, and ordered to forfeit $2 million to the U.S. government; he was released from jail in April 2010.