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Efraim Diveroli Net Worth, Biography & Lifestyle: Efraim Diveroli is a former American arms dealer and book author. He also owns AEY Inc, a major weapon contractor for the United States Department of Defense agency. Efraim Diveroli possesses a total of $25 million net worth during his entire profession.
Now you’re probably wondering where this world’s youngest arms dealer and “War Dogs” inspired real-life character is today and his intriguing life story. Well, you’ve come to the right place!
Today, we’re going to be looking into Efraim’s career, and we’ll be looking at:
After hours of digging, we’re thrilled to share the details of Efraim Diveroli Net Worth. Buckle up. It’s going to be one hell of a ride, unveiling the juiciest details about this man!
Let’s get right into it…
Early life: Efraim Diveroli was born in Miami Beach, Florida, United States, on December 20, 1985, to his parents, Ateret and Michael Diveroli. He is from an Orthodox Jewish family that is adhering strictly to all its traditional Jewish laws. Now, he is known to be that American former arms dealer.
Efraim’s Company AEY Inc.
At such a young age, he decided to stand up for his desire to establish his own business specializing in arms ammunition trading and U.S. government defense contracts. He persuaded his dad to offer him a shell company, AEY, Inc., established after his and his siblings’ initials that his father had created as a small printing business and hadn’t even used in years.
Diveroli had a preference for arms dealing and swiftly rose through the ranks of the sector. But, because of his young age and evident talent, he was dubbed an “arms wunderkind” by the news press.
Diveroli suffered from substance abuse, and the media called him a “stoner arms dealer.” But, moving on, the world was involved in an armaments race during the Cold War. Throughout Eastern Europe, millions of weapons were stored in preparation for a battle with the West.
Arms dealers began transferring these massive volumes of weaponry after the Cold War ended and the immediate threat of bloodshed faded. Non-state entities (such as militias or terrorist groups) and legitimate government-sanctioned buyers could obtain guns via illegal foreign government sales due to subsequent purchases.
“To supply the militias it was forming in Iraq and Afghanistan, and the Pentagon wants access to this emerging aftermarket.” The problem was that it couldn’t go into such a dark underbelly by itself. So it needs proxies — companies like AEY — to do its dirty work.
Diveroli later worked as a teenager in a one-room flat in Miami Beach, Florida, United States, throughout this period of major arms dealing. He attempted to get into the sector from the comfort of his home, equipped only with a laptop.
It gets better…
He started looking for bids on a government website where contracts are advertised. He proceeded by negotiating on modest contracts with the financial assistance of Ralph Merrill, whom he met while working for his uncle.
Diveroli became a millionaire at the age of eighteen by outperforming large firms such as Northrop Grumman, Lockheed Martin, and BAE Systems. In addition, Diveroli possessed “a zest for risk and all-devouring ambition” at a very young age.
The best part is…
Diveroli’s company, AEY, Inc., was granted a $298 million contract by the Pentagon to provide armaments and munitions to the allied forces in Afghanistan after consistently increasing the number of his agreements and creating a successful track record.
Efraim Diveroli eventually found himself working with dubious weapons traders, dishonest diplomats, and fortunate troops, structuring deals with foreign defense ministers, attending meetings at embassies, and getting orders from high-ranking Army officials to appease US government contracts.
The worst part is…
The United States government suspended AEY Inc. on March 27, 2008, for violating the conditions of its agreement; the business was suspected of providing ammunition made in China to the Afghan National Army and police in breach of a pre-existing arms embargo.
According to US Army documents, the business received more than $200 million in deals in 2007 to supply ammunition, rifles, and other weaponry. The US Army initiated a study of its contracting processes due to the contract’s public exposure.
The ammo was deemed “unserviceable” by the House Committee on Oversight and Government Reform in the United States. AEY had previously failed to produce on a number of contracts, including delivering potentially dangerous helmets to Iraq and failing to deliver 10,000 Beretta guns.
Separate lawsuits were then brought by Diveroli’s former partner, David Packouz, and Ralph Merrill, the group’s former principal financier, demanding compensation of millions of dollars. They claim they were obligated in conjunction with the weapons contract the US government.
Real-Life Inspired Movie: War Dogs
Did you know…
Todd Phillips’ comedy/drama film ”War Dogs,” featuring Jonah Hill as Diveroli and Miles Teller as his associate, David Packouz, is inspired by Canadian writer Guy Lawson for the famous magazine Rolling Stone.
As a result…
Diveroli filed a legal complaint against Warner Bros. Entertainment Inc., filmmaker Todd Phillips, producer Bradley Cooper, and many others in 2016 to prevent the film from being released.
According to Diveroli’s suit versus Warner Bros., the foundation for the movie was derived from his self-published novel “Once A Gun Runner,” which imprisoned real estate scammer Matthew Cox claims to have authored while in jail alongside Diveroli.
Let’s get to know other personal details of Efraim Diveroli below:
|Profession: Former International arms dealer, author.|
|Worth: $25 million|
|Date of Birth: 1985-12-20 (His age now is 36.)|
|Eye Colour: Dark Brown|
|Zodiac Sign: Sagittarius|
|Relationship Status: Single|
|Place of Birth: Miami Beach, Florida, United States|
|Smoking : Yes|
Efraim Diveroli as the United States’ major weapons contractor and the owner of AEY Inc., accumulates a total of $25 million net worth as its overall revenue.
Efraim Diveroli Net Worth By Year
Once a Gun Runner: The Efraim Diveroli Memoir
Once A Gun Runner… offers you real, direct, and unvarnished access to the contents and events that propelled Efraim Diveroli to become the world’s youngest international arms dealer in this book. This is his tale to tell!
Efraim Diveroli AEY Inc.
After purchasing hеr fаthеr’s printing соmраnу named AYE Inc., He tооk his first step in аrms dеаling саrееr. Due to his interest in weaponry. Even though the Amеrсаn guy was only 16, the company grew much faster.
Later, he was capable of securing $300,000 from the Pentagon for armament used in the Afghanistan war for years. Furthermore, he devoted his entire life to his defense company and profession.
The sad part is, he left this business following his arrest and was sentenced to four years imprisonment. But, moving on to the present, despite not running the arms company anymore, Efraim Diveroli has authored books, including his famous memoir, “Once A Gun Runner,” that is based on his life experience.
Efraim’s weaponry business started at a very young age, where he should be attending school. Instead, after withdrawing from school in grade 9, he decided to embark on a wild journey to pursue his desire to become an arms dealer and establish a company Diveroli owns.
Given that his grandfather, Yoav Botach being one of the wealthiest property owners in Los Angeles and having a celebrity uncle, his family is considered rich. So Efraim Diveroli talked about his passion to his uncle, due to which he succeeded in persuading him to help establish his company.
Efraim Diveroli Family & Relationships
Grandfather: Yoav Botach
Uncle: Shmuley Boteach
And coming up shortly, we’ll get to unveil some fun facts about Efraim and a peek at his scandals before. But first, let’s take a look at his career earnings by year.
Conspiracy & Firearm Possession Felony: While awaiting trial for conspiracy, Diveroli’s company, Ammoworks, continued to sell weaponry. He pleaded guilty to one count of conspiring in late August 2008 and was condemned to four years in jail on JanuStatesary 4, 2011.
He was also punished for possessing a firearm while out on bond, and his cumulative sentence was lowered as a result of his cooperation with the investigation. Whereas his partner David Packouz was sentenced to seven months house arrest.
- Permanently save your money.
- Don’t be afraid to chase what you’re good at because that means money.
- Never settle for low pay.
- Open a bank account.
- Don’t lend money to anyone, and do not borrow too.
Top 3 Quote From Efraim Diveroli
Frequently Asked Questions (FAQs)
How Much Is Efraim Diveroli’s Net Worth?
Efraim’s net worth is $25 million.
Why Did The US Government Suspend AEY Inc.?
After AEY submitted 42-year-old inferior and unserviceable Chinese ammunition and sought to re-brand and re-package it, the US government suspended AEY for breaking its agreement and infringing the American arms embargo against China
Where Are The Real “War Dogs” Now?
Following Efraim’s release in prison, he is now focusing on book writing, while David Packouz has walked the musical path and has successfully established his independent music label.
Summary: Efraim Diveroli Net Worth and Biography
There you have it! Did you have an informative read today? What’s your takeaway?
I was blown away by the fact that Efraim had such a business-minded mind at a very young age. Although, of course, it’s unbelievable how he made himself a millionaire in such a short time, and too much fortune can sometimes leave us uncontented and wanting to earn more.
Which, at least, he paid for during his four-year imprisonment. I’m sure we’ll learn a lot from his experience. I really recommend you go and watch the movie ‘War Dogs’, it is a great movie. You can CHECK IT OUT HERE.
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