What is David Packouz’s net worth?
David Packouz is an American former arms dealer, musician, inventor, and entrepreneur. In 2005, Packouz joined Efraim Diveroli in Diveroli’s arms company AEY Inc. By the end of 2006, the company had won 149 contracts worth around $10.5 million.
As of 2020, David Packouz’s net worth is estimated to be roughly $2.9 million.
David Mordechai Packouz was born on the 16th of February, 1982, in 1982 in St. Louis, Missouri. Packouz was born into a Jewish family.
He is one of nine children, and the son of Shoshana and Rabbi Kalman Packouz, of the Orthodox Aish HaTorah, who authored the book How to Prevent an Intermarriage. Packouz was a Licensed Massage Therapist at the time of his working at AEY.
Packouz joined Efraim Diveroli’s arms company AEY Inc. in 2005; Efraim was only 19 years old at the time, while David was 23. By the end of 2006, they had won 149 contracts worth around $10.5 million.
AEY had failed to perform on numerous previous contracts, including sending potentially unsafe helmets and failure to deliver 10,000 Beretta pistols to Iraq.
Diveroli and David Packouz pled guilty to one count of Conspiracy to Defraud the United States under the general conspiracy statute, 18 U.S.C. § 371, in January 2011.
Diveroli was sentenced to four years in federal prison, while Packouz was sentenced to seven months’ house arrest.
The story was published in Canadian journalist Guy Lawson’s 2015 book Arms and the Dudes and was produced into the 2016 film ‘War Dogs’ by Todd Phillips.
As of 2020, David Packouz’s net worth is $2.9 million.
Here are some of the best highlights of David Packouz’s career:
- He joined Efraim Diveroli in 2005
- Packouz is the central subject of the Todd Phillips dramedy film War Dogs in 2016
Favorite Quotes From David Packouz
“I try not to do anything that’s remotely risky, especially now that I’m a family man and I have a child. I’m just trying to keep my nose clean, so to speak, to keep looking at the moment. You have to remember that no matter how bad things seem, you can always strive for better things down the road.” – David Packouz
“Frankly, we were a tad concerned with your performance history against a deal of this size. But after meeting you two face-to-face, we feel like we’re in good hands on this one.” – David Packouz
View our larger collection of the best David Packouz quotes!
3 Life Lessons From David Packouz
Now that you know all about David Packouz’s net worth, and how he achieved success; let’s take a look at some of the lessons we can learn from him:
1. Improve Yourself
Judge no one, just improve yourself.
2. Thousand Words
A thousand words will not leave so deep an impression as one deed.
3. Stop Chasing
Stop chasing what on your mind wants and you’ll get what your soul needs.
At one time, Packouz amassed a small fortune as an arms dealer, but after his arrest and exposure, it’s not clear where that money went.
As of 2020, David Packouz’s net worth is estimated to be $2.9 million.