Rumble Founder Chris Pavlovski Becomes Billionaire Following Major Investment - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
New Allegations Surface Against Pete Hegseth Amid Senate Confirmation Process
user-iconAtlas Winston
side-post-image
Jamie Dimon and Elon Musk "Hug it Out" After Lawsuit Settlement
user-iconAtlas Winston
Contact Phone:
World News

Rumble Founder Chris Pavlovski Becomes Billionaire Following Major Investment

share-iconMonday, January 06 comment-icon2 weeks ago 5 views
News sources:
forbesFORBES
Rumble Founder Chris Pavlovski Becomes Billionaire Following Major Investment

Credited from: FORBES

  • Rumble founder **Chris Pavlovski** became a billionaire after a **$775 million investment** from **Tether**, raising his net worth to approximately **$1.3 billion**.
  • The investment led Rumble’s stock to soar more than **100%**, significantly increasing the value of Pavlovski's stakes in the company.
  • Rumble plans to use **$250 million** from Tether to support growth initiatives, while also buying back a quarter of its stock.
  • Despite reporting net losses over **$100 million** in 2024, Rumble continues to attract contracts with conservative creators and expand its platform.
  • Pavlovski’s journey began with **Cosmic Development** and evolved into Rumble's emergence as a leading platform for **right-leaning** content creators.

Read more at the original news article.

SHARE THIS ARTICLE:

TAGS:

Rumble Chris pavlovski Billionaire Investment Tethers Stock market Alternative media
author-dp

Author:

Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

nav-post-picture
date-iconJanuary 06, 2025 Former Capitol Police Sergeant Critiques Trump’s Pledge to Pardon Jan. 6 Rioters
date-iconJanuary 06, 2025 Thai tourism nears pre-Covid levels with increased Chinese visitor visas
nav-post-picture
Related Posts
main-post-image
TECHNOLOGY
Elon Musk Challenges Trump’s $500 Billion AI Stargate Initiative, Questions Funding Reality
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Trump Announces Historic $500 Billion AI Infrastructure Partnership 'Stargate' with Major Tech Players
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Trump Announces $500B Investment in AI Partnership, Stargate, with OpenAI, Oracle, and SoftBank
date-iconJan 22, 2025
main-post-image
ECONOMY
Navigating Gold Investments: Understanding the Gold Standard and the Rise of Fractional Gold Amid Economic Uncertainty
date-iconJan 22, 2025
main-post-image
POLITICS
Bernie Sanders Critiques Billionaire Influence at Trump's Inauguration; Elon Musk Responds
date-iconJan 21, 2025
main-post-image
POLITICS
Ivanka Trump Steers Clear of Politics as Jared Kushner Advises from Miami in Trump's Second Term
date-iconJan 15, 2025

Stay Connected

main-post-image
World News
Trump's Renewed Interest in Greenland Sparks Diplomatic Tensions with Denmark
date-icon January 16, 2025
main-post-image
Politics
Israel's Top General Resigns Amid Security Failures Linked to October 7 Hamas Attack
date-icon January 21, 2025
main-post-image
World News
NATO Launches "Baltic Sentry" Mission to Safeguard Undersea Cables Amid Rising Security Threats
date-icon January 14, 2025
main-post-image
World News
Dawn Staley Signs Historic $25 Million Contract Extension, Becomes Highest-Paid Women's Basketball Coach
date-icon January 17, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
New Allegations Surface Against Pete Hegseth Amid Senate Confirmation Process
user-iconAtlas Winston
side-post-image
Jamie Dimon and Elon Musk "Hug it Out" After Lawsuit Settlement
user-iconAtlas Winston
© 2025 All rights reserved | PRESS AI WORLD