Dan Bilzerian Is A Renter, And Someone Else Pays His Credit Card Bills: Lawsuit

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The mansions, the yachts. The parties—the models. How does Dan Bilzerian, the globe-trotting, cash-stacking, gun-toting, Instagram-boasting partying playboy do it? Or, more to the point: How does he pay for it all?

According to a lawsuit filed this week, he doesn’t. Dan Bilzerian rents his house, and charges the rest of his six-figure lifestyle to a credit card that someone else pays off.

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The lease on his home in the ritzy Los Angeles hills, for example, is $200,000 a month. Dan Bilzerian does not pay this rent.

The house and everything else—the models, the flights, the yachts, etc.—is charged to the corporate tab of Ignite International Ltd., the company Bilzerian founded and serves as CEO and majority shareholder, according to Curtis Heffernan, Ignite’s recently ousted former president.

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Paying Dan Bilzerian’s $2.4 million annual rent, and paying for everything else Dan Bilzerian does, would be one explanation for how Ignite managed to lose a reported $50 million last year, as Forbes.com first reported.

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Heffernan, a former executive with Procter and Gamble, joined Ignite on March 18, 2019. At the time, the company was trying to find its niche. Ignite pivoted from a recreational cannabis brand, to a CBD company, to a company that was happy to try to put the Ignite goat-skull logo on just about anything.

Working out of a WeWork, Heffernan earned $275,000 a year as vice president of sales, according to his suit. He became acting president of Ignite in November, after the exit of his predecessor, Jim McCormick, a former tobacco executive.

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According to the suit, the accountants flagged $843,014.06 in company expenses that appeared to be “personal in nature.” These included payments for charges racked up on one of Dan Bilzerian’s credit cards: a half-million dollar yacht rental; a six-figure, two-night trip to London; a $65,000 “Four Elements Guns & Star Wars Set”; a $50,000 bed fame, a $75,000 paint-ball field, an $88,000 vault, “to name a few.”

The company also paid $26,000 to boost Bilzerian’s Instagram followers and paid for the travel expenses of the rotating cast of models that permanently accompany Bilzerian wherever he goes, the suit claims.

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