Jay Mazini Net Worth – $2 million
What is Jay Mazini’s net worth?
Introduction
Jay Mazini is a social media celebrity who rose to fame by handing out major cash alongside one of the biggest rappers in the world.
Mazini went viral for his generous stunts and was praised by fans and followers for giving back to the communities that raised him.
He once filled his Instagram page with photos of him in front of expensive cars, wearing designer labels, or posing with stacks of cash and posting screenshots of his Bitcoin wealth.
The charismatic influencer was once rumored to be worth upwards of $30 million.
And then it all came crashing down.
In March 2022, Mazini’s fall from grace culminated in him pleading guilty to kidnapping charges and being sentenced to 5 years in prison—the court was told he only had $162 to his name.
While he serves his time, he is also being investigated by federal authorities for fraud.
Most of Mazini’s former fans and followers know all about the disgraced influencer’s downfall—but what else is there to know about him?
Let’s find out.
The Origin Story
Jay Mazini—whose real name is Jebara Igbara—was born on May 27, 1995, in Palestine.
When he was still a kid, his family relocated to the US and settled in New York.
He has a sister named Malak, and the siblings are very close.
Igbara always had a keen business mind and ideas on how to make money.
It started out when he was 14 years old.
He had managed to save $400 from his allowance and doing odd jobs for his father, and he used it to buy thermal sweaters and flip flops.
He sold the gear at a profit to the Dominican community, and used the profit to buy leather goods.
At 17, he had a few employees to help him sell at local markets in the area, and by 19, he had built up a reasonable amount in savings.
Wife
In 2020, Igbara married the 20 year old Joumana Danoun.
In a romantic Instagram post, Igbara thanked God for granting his wish for a soul mate, and promised to take care of her forever.
“You’re what I always dreamed for,” said the enamored entrepreneur.
In July of 2021, the newlywed Joumana was arrested and held at Bergen County Jail for her involvement in the kidnapping Igbara was charged with.
She was charged with kidnapping, conspiracy to commit kidnapping, tampering with a witness, and bribery.
READ MORE: Janie Liszewski Net Worth
Learning The Stock Market
It was around this time that Igbara started investing in the stock market.
He had a lot to learn, and not a lot of people around to teach him, so the young finance enthusiast lost a considerable amount through his learning stage.
As he found his footing in the stock market and began learning the finer points of investing, he was still involved in the leather goods business—this time with a partner.
Igbara teamed up with local rapper, Dave East, to launch Mazini Italy.
East—who rose to fame after his portrayal of Method Man in Wu-Tang: An American Saga—eventually pulled the pin on the business as his rap career hit the big time.
Jabara—who often went by Jay amongst friends and associates—adopted the surname Mazini from the Mazini Italy brand.
He also launched a financial education program called Crytzo, which claimed to help everyday people invest in their futures.
It was from here that Jay recognized a need to start growing his social media presence and his own brand.
He launched his Jay Mazini Instagram channel, and adopted the popular aesthetic of a rich, successful entrepreneur.
In 2020, Igbara pulled off one of the most impressive stunts of his career when he approached 50 Cent—who he saw on the streets of Queens, New York.
The rap icon agreed to a collaboration at a Burger Restaurant drive-thru in South Jamaica, and the pair handed out over $30,000 to employees.
At its peak, Mazini’s Instagram account had nearly a million followers. It is currently inactive.
Jay Mazini – Net Worth
Igbara earned most of his wealth from different businesses, including duping “his followers into selling him Bitcoin.”
According to Federal prosecutors, he defrauded some of his followers out of $2.5 million. However, at the time of his arrest, the balance on his bank account was just $162.
Interestingly, Igbara teamed up with 50 Cent to give $30K to employees at a Burger King in September 2020.
Therefore, Jay Mazini has an estimated net worth of $2 million.
The question is – where did Igbara hide his money?
READ THIS NEXT: Who is Chinese Kitty?
As the owner of FamousPeopleToday.com and managing editor, Bulgarea Candin Stefan leads the way in creating informative and insightful content on celebrity net worths. His professional, authoritative voice shines through every article, providing readers with valuable, unique information.