David Packouz's Net Worth (Updated January 2024)

What is David Packouz’s net worth?

Table of Contents

Introduction 

As of January 2024, David Packouz’s net worth is estimated to be roughly $2.9 Million. 

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.

Early Life 

David Mordechai Packouz was born on the 16th of February, 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 work at AEY.

Career

Massage Therapist

Before embarking on his entrepreneurial journey, David Packouz qualified as a massage therapist, providing his health services to clients in St.Louis.

However, as the son of a respected and internationally known writer and religious figure, David knew that he could do much better.

It is thus not surprising that when he was offered a job by one of his school friends in their father’s arms company, he jumped at the chance.

Little did he know that he would soon become one of the richest criminals in the world after defrauding the US government.

Becoming An International Arms Dealer

Packouz’s friend, Efraim Diveroli, was a 19-year-old employee in his father’s arms dealership in Miami who offered David a position as an arms dealer.

Efraim had worked his way quickly up the corporate ladder and was AEY Inc.’s president, a position he acquired a scant 12 months after joining.

The 23-year-old Packouz and 19-year-old Diveroli took the arms dealing business by the horns and by 2006, they’d help secure millions in government defense contracts.

The pair were shipping millions of dollars worth of weapons, ammunition, clothing, and firefighting gear to a range of US government agencies.

At the end of 2006, AEY Inc. and the entrepreneurial pair were congratulating themselves, having secured 149 contracts worth around $10.5 million.

The Chinese Embargo

While the contracts were being awarded legitimately, procuring the necessary supplies was proving a little more difficult, necessitating some creativity.

In what could have been a scene from a Ridley Scott war film, they obscured the origin of ammunition despite knowing it was illegal.

It is unclear as to how involved Packouz was in the disputed procurement deals, but the operation involved repacking Chinese ammunition to hide its origin.

Having found Chinese-made ammunition in Eastern Europe, the pair were accused of repackaging it and passing it off as Hungarian ammunition.

To do the deal, a small village and its inhabitants were paid to repackage the goods, until an accident created a massive explosion, killing them.

To make matters worse, Packouz and his boss failed to deliver on the various contracts, with the result that their reputation was tarnished.

The CIA Got Involved

They were also accused of supplying very poor quality weapons and equipment which commanders said were compromising their missions.

A business associate in Europe, Kosta Trebicka, who recorded phone conversations with Diveroli mentioning involvement with the CIA, was killed.

The suspicious death together with the arms embargo violations related to the Chinese ammunition saw AEY become the subject of a US investigation.

David Packouz and two other AEY associates were indicted for fraud and conspiracy in June 2006, with the media dubbing them “the stoner arms dealers.”

AEY was immediately placed on a U.S. blacklist due to the investigation into violations of the Arms Export Control Act and contract fraud.

Multi-Millionaire Fraudsters

But despite the investigation and accusations of substandard work, AEY won a further multi-million dollar contract with the Defense Department, supplying ammunition to Afghanistan.

In early 2007, AEY won the $300 million U.S. government contract to supply ammunition and munitions to the Afghan Army – clearly, something was amiss.

Both Packouz and Diveroli were charged with fraud and pled guilty to conspiracy to defraud the United States in January 2011.

Diveroli received a four-year prison sentence, while Packouz was sentenced to seven months under house arrest for his part in the scheme.

Hollywood Movie

With such a juicy story, it wasn’t long before Hollywood came knocking after Guy Lawson wrote a book about AEY Inc. titled  “War Dogs.”

The film adaptation appeared in 2016 with the all-star cast of Bradley Cooper, Jonah Hill, Miles Teller, and Ana de Armas.

David played a cameo role as a guitarist and singer in the film, based on his arms-dealing experiences, but left the arms industry behind.

Musical Inventor

Following Packouz’s legal troubles, he embarked on a career in music technology after running into a problem while recording one of his songs.

He couldn’t find a reputable drummer who’d arrive on time to help him in the studio, so had an idea to create a solution.

After many months of research and development, Packouz invented a guitar pedal drum machine and became CEO of Singular Sound.

Together with his brother, Eli, David successfully launched BeatBuddy, which quickly gained recognition as a game-changing product in the music gear industry.

Innovator and Philanthropist

The pair used a crowdfunding campaign with an initial goal of raising $75,000 but ended up bringing in nearly $350,000 within 24 hours.

Indigogo, a leading crowdfunding platform, ranked David’s fund-raiser among the top 50 most-funded campaigns, a testament to his leadership and vision.

David has continued with his innovative strategy, creating additional products such as Cabli, MIDI Maestro, and the Aeros Loop Studio.

In 2016, Singular Sound partnered with “Guitars Over Guns,” helping the non-profit organization to provide various disadvantaged youth groups with music equipment.

Through his musical philanthropy, he’s met with celebrities such as Robert Downey Jr., Tom Cruise, Mark Wahlberg, and Will Smith.

David Packouz’s Net Worth

As of January 2024, David Packouz’s net worth is $2.9 Million. 

Highlights

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 your mind wants and you’ll get what your soul needs. 

Frequently Asked Questions

How much is David Packouz worth?

David Packouz’s net worth is estimated to be $2.9 Million.
 

How old is David Packouz?

David Packouz was born on February 16, 1982, and is currently 41 years old.
 

How tall is David Packouz?

David Packouz’s height is 1.70 m, which is equal to 5 ft 7 in.
 

Summary

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 January 2024, David Packouz’s net worth is estimated to be $2.9 Million. 

What do you think about David Packouz’s net worth? Leave a comment below. 

ncG1vNJzZmivlZa5tbTYoKaroZyhrm%2BvzqZmnZmmnrFuvMCcoqitqmK7psCMsKarrJhk