Yakov Arabov net worth is
$5 Million
Yakov Arabov Wiki Biography
Yakov Arabov, the founder of Jacob & Company, was born in the (then Soviet) Republic of Uzbekistan. He is a renowned jeweler, widely recognized as one of the best in the world. His exquisite jewelry designs have made him the top choice for numerous celebrities, significantly contributing to his current net worth.
As of late-2016, Jacob the Jeweler’s net worth is estimated to be $5 million, primarily derived from his successful career in the jewelry industry. His work has been frequently referenced in popular culture, and he has received several prestigious awards for his contributions. Jacob also travels extensively to create collections for various stores, and his continued career success is expected to further enhance his wealth.
Jacob the Jeweler Net Worth $5 million
When Jacob was 14, his family moved from Uzbekistan to the United States. Even at a young age, he had a passion for timepieces and jewelry. Just before completing high school, he discontinued his education to enroll in a six-month jewelry-making course, which he completed in just four months. The following year, he began designing his own jewelry in New York City.
Starting by selling jewelry pieces from the Kaplan Jewelry Exchange through a small kiosk, he founded his own company, Diamond Quasar, at the age of 21. Under the brand Jacob & Co, he initially sold traditional jewelry at a moderate price. However, his exceptional craftsmanship soon gained attention from celebrities and artists, particularly in the hip hop industry, leading to rapid business expansion in the 1990s. As a result, he became widely known as “Jacob the Jeweler” and was referenced in songs by renowned artists such as Jay-Z, 50 Cent, and Kanye West. In 2005, he relocated to a store on East 57th street, renowned for its signature five-time-zone watches.
His net worth continued to grow, and one of his watches, “The World is Yours”, won a Travel + Leisure Design Award in 2006. Additionally, he was featured in the video game “Def Jam Fight For NY”, where characters could purchase jewelry from him.
On a personal note, Jacob married Angela at the age of 24, and the couple purchased a Colonial house in 1999. Presently, they reside in Forest Hills, Queens. However, in 2006, Arabo faced legal issues, including charges of money laundering and conspiracy in connection with a Detroit-based mafia. He also faced charges for failing to declare large cash purchases to the IRS. Though he admitted to lying to investigators, he entered a plea deal in 2007, leading to the dropping of the money laundering charges. Consequently, he was sentenced to two years in prison and forfeited $2 million to the US government. He was released in April 2010.
Net Worth | $5 Million |
Place Of Birth | Uzbekistan |
Profession | Jeweler |
Nationality | Uzbek |
Spouse | Angela Arabo |
https://www.facebook.com/jacobandco/ | |
https://twitter.com/jacobarabo?lang=en | |
IMDB | http://www.imdb.com/name/nm1113289/ |
Movies | Paper Soldiers, State Property, Paper Soldiers, State Property |
TV Shows | The Millionaire Matchmaker, The Millionaire Matchmaker |
# | Fact |
---|---|
1 | Has been mentioned in countless hip-hop songs |
Actor
Title | Year | Status | Character |
---|---|---|---|
Blind Thoughts | 2008 | Mike (as Jacob ‘The Jeweler’) | |
Paper Soldiers | 2002 | Joshua Rosen (as Jacob ‘The Jewler’ Arabo) | |
State Property | 2002 | Eli (as Jacob ‘The Jeweler’) |
Self
Title | Year | Status | Character |
---|---|---|---|
The Millionaire Matchmaker | 2013 | TV Series | Himself |
Extra | 2013 | TV Series | Himself |
The World According to Paris | 2011 | TV Series | Himself |
Audrina | 2011 | TV Series | Himself |
Premiya Muz-TV 2008 | 2008 | TV Special | Himself – Presenter (as Jacob) |
Premiya Muz-TV 2007 | 2007 | TV Special | Himself – Presenter (as Jacob) |
Def Jam Fight for NY | 2004 | Video Game | Himself (voice, as Jacob The Jeweler) |
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