26/10/2014 05:05:49 Free Membership Login

How much is Kim Dotcom worth?

Kim Dotcom’s net worth is not clear, but he made his money in the dotcom boom (Reuters)By now, you may have already heard about the owner of Megaupload, Kim Dotcom being arrested for allowing a website to host illegal files for downloading.  The fat man whose real name is Kim Schmitz is reported to be worth some $200 Million illegally amassed dollars!  Megaupload has allegedly cost the entertainment industry over $500 million in damages from pirated content being uploaded and shared through the site.\

His Insider Trading Fiasco:

According to Wikipedia, in 2001, Dotcom purchased $375,000 worth of shares of the nearly bankrupt company LetsBuyIt.com and subsequently announced his intention to invest €50 million in the company. Unknown to others, Dotcom did not have the funds available to invest, although the announcement caused the share value of LetsBuyIt.com to jump by nearly 300%.  Dotcom quickly sold the shares and profited $1.5 million as a result

Here are some interesting tidbits about the lavish lifestyle of Kim Dotcom

- Kim is both a New Zealand and Hong Kong citizen. He was granted New Zealand residency in 2010.
-All that and yet he is really from Germany.
- On 21 March 2005, Schmitz founded Megaupload.com, Megaupload.com has 180 million registered users.
- Megaupload is registered as a private company in Hong Kong, with an office in Wanchai district.

- He has one of the largest and most expensive house in New Zealand, worth around NZ$30 million.
- Kim Schmitz had a controversial past as a cyber-raider, he hacked into NASA – Pentagon computer networks the and in some major bank systems to get credit card data.
- He was convicted of computer hacking in 1998, After that he established a computer security consulting and venture capital investment firm Kimvestor and made millions.
- In 2002, he was already convicted in the largest insider-trading case in German history.
- He was only 28-year-old when he was sentenced to 20 months probation by the Muncih court and a 100,000-euro fine.
- He once said that he’s smarter than Bill Gates.
- A YouTube video shows him racing a Mercedes in the Gumball 3000 road rally and talking about bribing a Moroccan official.

On his arrest:
- He is facing a potential fifty five year prison sentence for operating Megaupload.com.
- Megaupload.com & Kim has been accused of costing the entertainment industry over $500 million from pirated content.
- He is convicted on charges of racketeering, copyright infringement, and money laundering.
- He made $42 million from Megaupload in 2010 alone and $41 million in 2011.
- Police seized luxury cars worth $4.8 million, including a 1959 pink Cadillac and a Rolls Royce Phantom, in a raid on Kim’s New Zealand mansion.
- Cars seized with vanity plates such KIMCOM, HACKER, STONED, GUILTY, MAFIA, GOD and POLICE.
-Because of his arrest, he falls down to rank 2 of Call of Duty Modern Warfare 3, playing under the alias Megaracer.

'Kim Dotcom' celebrates taking the world's number one position in a video released earlier this year

 

more pictures of his lavish lifestyle at dailymail

Comments

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