David Packouz net worth is around $10.5 million.
He is an American former arms dealer, musician, inventor and entrepreneur. He gained public recognition after joining Efraim Diveroli in his Diveroli’s arm company AEY Inc. It was when the company won 149 contracts with the value of $10.5 million.
Then it also found other contracts from the government to supply 100 million rounds of AK-47 ammunition and more for the Afghan Army.
Packouz was born on February 16, 1982 and when he started his business, he was still 23 years old. He grew up in St. Louis, Missouri in a Jewish family. Although he gained his success in a young age, there were also some contracts that were failed.
The failure was including the sending of potential unsafe helmets and the 10,000 Beretta pistols that were not sent to Iraq. For the poor service and quality, the federal agencies of US then canceled some other contracts.
However, it did not make AEY give up. Other contracts were then to send ammunition to China. This new contract was considered as constituted fraud by the US government.
He was then sentenced into jail. In 2017, Packouz is still a successful weapon businessman as he was able the gain net worth of US$ 10.5 million.
The Source of David Packouz Net Worth
Although he was once claimed as a convicted criminal, Packouz was also an inventor, dealer, and even musician. The main source of his income was from providing and selling ammunitions and weapons.
The units to be sold were not only in pieces but even in hundreds. Packouz and his partner Diveroli even were able to attract US government to be collaborated. Before their company was accused to be fraud, they have gained million dollars for the business.