Kim Dotcom Net Worth 2024

What is Kim Dotcom’s net worth?

Kim Dotcom, also called Kim Schmitz, is a German-Finnish web entrepreneur who has a net worth of $10 million. Kim Dotcom first turned notorious in Germany within the 90s as an Internet entrepreneur. Later, he gained international notoriety because the founder and CEO of the web file internet hosting and sharing service Megaupload, which was seized by the US Department of Justice in connection to copyright infringement, cash laundering, wire fraud, and racketeering. Residing in New Zealand, Dotcom has since fought to keep away from extradition to the US.

Founded in 2005, Megaupload allowed customers to add any video they discovered to be considered and shared by anybody on the planet. Think of it like a YoutTube for pirated movies. Those pirated movies value film studios a reported $500 million in damages.

At the height of Megaupload’s success, Kim Dotcom was personally incomes $150,000 a day in income.

Early Life

Kim Dotcom was born as Kim Schmitz on January 21, 1974 in Kiel, West Germany. He is of German descent on his father’s facet and Finnish descent on his mom’s facet.

Notoriety in 90s Germany

Dotcom rose to infamy in his native Germany within the early 90s as an Internet entrepreneur. He ran a bulletin board system via which customers might commerce pirated software program; he additionally claimed that he had circumvented the safety of NASA and the Pentagon beneath the alias “Kimble.” In 1994, Dotcom was arrested for promoting telephone numbers and was held in custody for one month. Later, he was arrested once more on prices of laptop fraud and information espionage. Dotcom was issued a two-year suspended sentence as a consequence of his being a minor.

International Fugitive in Thailand and Hong Kong

To escape investigation in Germany, Dotcom moved to Thailand. However, he was ultimately arrested there on the request of the German embassy. Dotcom reportedly faked his personal dying on-line in response. This did not work, as he was finally deported again to Germany. In late 2003, Dotcom pleaded responsible to embezzlement, and following 5 months in detention was issued a suspended sentence of 20 months. Ultimately, he managed to keep away from this sentence by transferring to Hong Kong. There, Dotcom established a community of interlinked firms, together with the AI-driven hedge fund Trendax.

New Zealand Move

Following a pair of visits to New Zealand in 2008 and 2009, Dotcom utilized for residency within the nation in late 2010. Immigration New Zealand determined to grant him residency when he invested $10 million within the nation; nonetheless, this was stored secret from the general public. Eventually, it was revealed that Dotcom was concerned in a corrupt enterprise partnership with Auckland mayor John Banks. In 2014, Banks was discovered to be responsible of submitting a false electoral return in connection to Dotcom.

Megaupload and Fallout

In 2005, Dotcom established the web file internet hosting and sharing service Megaupload, of which he turned CEO. The website went on to turn into enormously standard, drawing 50 million each day guests and racking up $175 million in income. However, in early 2012, Dotcom and different executives of Megaupload had been indicted within the US on prices of copyright infringement, racketeering, and cash laundering. Shortly after this, Dotcom and different executives had been arrested in New Zealand in an armed raid on Dotcom’s mansion. The police seized 18 luxurious automobiles, amongst different dear property; furthermore, Dotcom’s quite a few international financial institution accounts had been frozen. He was subsequently detained at Mt. Eden Prison.

Dotcom’s case moved to the High Court of New Zealand, the place it was decided that the warrants used to grab his property had been unlawful on account of being too broad. Additionally, it was dominated that the New Zealand police’s handing of Dotcom’s onerous drives to the FBI was unlawful. Later, in 2017, Dotcom accepted a settlement from the police in relation to the raid. That 12 months, a New Zealand court docket dominated that Dotcom and the opposite accused Megaupload executives may very well be extradited to the United States on prices of fraud. Dotcom continues to disclaim any malfeasance on his half, claiming that he’s being persecuted by the US authorities and numerous business commerce teams.

Political Career

Dotcom entered the political fray in New Zealand in 2014 when he based the Internet Party. Allied with the Mana Party, the Internet Party was initially led by left-wing political veteran Laila Harré. In the 2014 basic election, the Party did not win any seats, regardless of Dotcom contributing an enormous $3.5 million to the Party. Ahead of the subsequent basic election in 2017, Suzie Dawson was made the brand new chief of the Internet Party. Once once more, it did not win any seats. The Internet Party was finally deregistered in 2018.

Music Career

After releasing a handful of singles, Dotcom put out his debut studio album, “Good Times,” in early 2014. The album made it to quantity eight on the Recorded Music NZ album chart.

Other Endeavors

Among his different endeavors, Dotcom is an avid participant of the online game “Call of Duty: Modern Warfare 3.” Before he was arrested in New Zealand, he was the sport’s number-one-ranked participant on the planet. On the extra philanthropic facet of issues, Dotcom created the group Young Intelligent Hackers Against Terrorism within the wake of the 9/11 terrorist assaults. Later, in 2013, he launched the cloud storage service MEGA.

Personal Life

In 2009, Dotcom married Mona Verga, whom he had first met in 2007. Together, the 2 had twin women. Dotcom additionally has three youngsters from prior relationships. The couple ultimately separated in 2014. In early 2018, Dotcom married Elizabeth Donnelly, who’s 21 years his junior.

In November 2014, Kim introduced that he was “formally broke”. He claims he misplaced nearly all of his fortune when his property had been seized in July 2014. He has additionally spent a small fortune defending himself over the past 12 months and has transferred remaining property out of his title to guard them from prosecution. His lawyer Ira Rothken just lately confirmed:’

“Kim Dotcom is broke as a result of the biggest copyright case in US historical past has value about $10 million so far to defend and can value tens of hundreds of thousands of {dollars} extra going ahead.“

Luxurious Lifestyle

Before his arrest, Dotcom/Schmitz lived a life that any man on earth would envy. In 2011, Kim personally earned $40 million because of Megaupload.

He owned a fleet of high-priced excessive efficiency automobiles, yachts, personal jets and one of the costly homes in New Zealand that value a reported $25 million. He traveled the world with Playboy bunnies and drove round in a Lamborghini that had the license plate “GOD”. When he was arrested on January nineteenth, 2012, authorities seized $5 million price of luxurious automobiles, together with a Rolls-Royce Phantom Drophead Coupe with a price ticket of $400,000.

Kim Dotcom’s Former Luxury Lifestyle Facts:

• Megaupload’s predominant workplace in Hong Kong was really a $12,000 a day luxurious resort suite.
• When police raided his home they seized $5 million price of automobiles.
• Kim’s automobiles had license plates like “HACKER”, “STONED”, “GUILTY”, “MAFIA” and “GOD”.
• Kim lived in a $25 million New Zealand mansion.
• Megaupload.com was hosted on over 1,500 servers positioned in Virginia, France and the Netherlands.
• Megaupload.com had 180 million registered members and 50 million each day distinctive guests.
• It was the thirteenth most visited web site on the planet.
• Kim spent $500,000 on a New Years fireworks show in Auckland which he watched from above in his helicopter.

How tall is Kim Dotcom? Kim Dotcom’s peak is 6 foot 7. His weight roughly 330 kilos.

New Zealand Mansion

In March 2019 a YouTuber named Erick Tseng posted a uncommon video tour of Kim Dotcom’s mansion, one of the costly in all of New Zealand, valued at round $25 million. As you would possibly anticipate from somebody of Dotcom’s pursuits, the mansion is an eccentric tech millionaire utopia, with lavish design touches that always look extra like one thing out of The Sims than an precise residence for people to dwell in. That’s true even supposing Dotcom hasn’t really lived right here for a while.

Dotcom’s main bedroom (a phrase that does not even start to convey how giant it’s) is the main focus of the video tour, and phrases do not fairly seize the weird sensibility that clearly went into its design and furnishing. One particularly unusual contact is the lavatory, which foregoes the same old sense of enclosed privateness in favor of a sink, bathtub, and bathroom scattered haphazardly in a room that apparently was once a solar room – full with giant home windows for taking within the property whereas in your most personal moments, in addition to a giant display TV mounted on the wall. The bathtub itself would look considerably uncommon even in a conventional lavatory, surrounded as it’s by a white padded bench, presumably for both bathtub time spectators or these ready in line for his or her probability within the tub.

Just outdoors the lavatory, there’s Dotcom’s outdated lap pool, full with an elaborate lighting scheme that once more looks as if one thing a 12-year-old would dream up. From there, you will discover the large walk-in closet with an elaborate array of mirrors inside, paying homage to the corridor of mirrors owned by Mr. Han within the movie Enter the Dragon.

I have not even gotten to the panic room but, which is reportedly the place Dotcom was lastly arrested after authorities took some time to seek out it. You’ll see how he was capable of keep hidden, in addition to a ton of different odd touches and particulars to the house, within the video under: