Jacob the Jeweler Net Worth (Money & Salary)

Jacob the Jeweler Net Worth (Money & Salary)

Title: Jacob the Jeweler Net Worth (Money & Salary)
Last Updated: February 9, 2025


What Is Jacob the Jeweler’s Net Worth?

With a net worth of $50 million, Jacob the Jeweler is a Bukharian-American jeweler. Known as Jacob Arabo, he amassed this wealth as the founder and owner of Jacob & Co., a luxury watch and jewelry brand. His creations are particularly admired by hip-hop artists, athletes, and various high-profile celebrities, including Floyd Mayweather, Sir Elton John, Bono, and David Beckham, who have all been part of his prestigious clientele over the years.

For his Five Time Zone “The World is Yours” Timepiece, Jacob received the 2006 Travel and Leisure Design Award. His popularity soared as he was name-dropped in rap songs by notable figures such as Jay-Z, Kanye West, 50 Cent, Big Sean, and Nas. Notably, he sold a watch referred to as “Billionaire” to boxer Floyd Mayweather for a staggering $18 million while offering a less extravagant version named “Millionaire” for $6 million.

Sadly, Jacob was incarcerated for two and a half years after admitting to involvement in a money-laundering scheme linked to the Detroit-based Black Mafia Family criminal organization. He faced charges for aiding in the laundering of $270 million in drug profits and acknowledged failing to report income to the IRS. Consequently, he was fined $50,000 and mandated to forfeit $2 million in assets to the U.S. government following his sentencing. His incarceration began in 2008, and he was released in April 2010.

Early Life

Born Yakov Arabov on December 26, 1965, in Tashkent, Uzbekistan, Jacob the Jeweler was the youngest of five children and the sole son. From an early age, he displayed a remarkable talent for artistry and craftsmanship. As a boy, Jacob was captivated by the beautiful designs of various jewelry pieces he encountered, and his passion for watches ignited at the age of 13 when his father gifted him a world time watch.

When Jacob was 14, his family emigrated from Uzbekistan to the United States.

Facing financial hardships, Arabo’s family moved to the United States in search of better opportunities during his teenage years. They settled in Forest Hills, Queens, New York, where he attended Forest Hills High School. Although his father held multiple jobs, it was challenging for him to provide adequately for the family, prompting Jacob to enroll in a six-month jewelry-making course, which he completed in just four months, leading him to drop out of high school. He subsequently found a position at a local jewelry wholesale factory, specializing in market jewelry. This exposure helped him refine his skills and deepen his understanding of jewelry crafting. By 17, he was designing his own creations during the night in his bedroom while working at the factory during the day.

Jacob Arabo

Photo provided by Jacob Arabo

Career

Arabo’s exceptional talent did not go unnoticed; more individuals began to show interest in the jewelry he crafted during his nightly workshops. At this stage, he focused on gold jewelry. The pivotal moment in Arabo’s career was the establishment of his own jewelry brand, Jacob & Co., in 1986, when he was just 21. Driven by a vision to produce extraordinary and innovative pieces, he swiftly gained acclaim for his bold designs and outstanding craftsmanship.

His creations drew a clientele of celebrities, with designs that epitomized extravagance. Among the hip-hop and rap circles in New York, he gained particular favor, catching the eye of artists like Notorious B.I.G. It was Biggie who bestowed upon Arabo the nickname “Jacob the Jeweler,” also introducing him to other notable figures, including Jay-Z, who made purchases from him.

In the 1990s, Arabo began collaborating with entertainers to create custom designs. He was a pioneer in crafting large diamond jewelry pieces for men, a trend that is still popular today. His roster of clients during this era featured Sean “Puffy” Combs, Biz Markie, 50 Cent, Big Sean, Madonna, Pharrell, Elton John, the Beckhams, Jennifer Lopez, Salma Hayek, Sofia Vergara, Michael Jordan, Mariah Carey, and Canelo Álvarez.

The year 2002 saw Arabo launch a quartz watch collection named Five Time Zone. The collection boasted vibrant primary colors, equipped with multiple time zone technology, catering to both men and women. Celebrities such as Naomi Campbell, Bono, Angela Bassett, and Derek Jeter were spotted wearing these watches. Additionally, the watches offered high levels of customization, with exclusive pieces commissioned by high-profile clients like Leonardo DiCaprio.

In 2004, Arabo relocated from New York’s Diamond District to a flagship boutique located at 57th and Park Avenue. The establishment of Jacob & Co. SA in Geneva, Switzerland, followed in 2007, when he revealed his inaugural high-watchmaking timepiece, the Quenttin. Notably, it was the first watch to feature a vertical tourbillon along with a remarkable 31-day power reserve, which was recognized as the longest power reserve in the world at that time.

Arabo introduced the Epic SF24 in 2013, a two-time zone watch showcasing the time in 24 global cities. The design took inspiration from the vintage split-flip boards seen in airport and train terminals of the past. This was the first instance of such a system being applied in a mechanical watch. That same year, the company unveiled the celestial-themed Astronomia Tourbillon at Baselworld 2013, a prominent annual watch and jewelry exhibition. By 2016, there were 99 variations of the Astronomia Tourbillon. In 2019, Jacob was commissioned to craft the crown for the Miss World American 2019 pageant, resulting in a stunning design of 18k white gold adorned with 164 carats of Colombian emeralds and 95 carats of diamonds. He was also invited to serve as a judge for the competition.

Personal Life

Jacob Arabo wed his wife, Angela, at the age of 24, both sharing Bukharian Jewish heritage. Together, they have three sons: David, Benjamin, and Joey, with Benjamin currently collaborating with his father in the jewelry industry. The family resides in Forest Hills, Queens, in a charming brick Colonial home.

Throughout the years, Arabo has faced some legal challenges. In 2006, he was arrested due to allegations of conspiring to launder approximately $270 million in drug profits associated with the Black Mafia Family. Those charges were ultimately dropped. However, in June 2008, Arabo admitted guilt to a lesser offense of record falsification and providing false statements as part of a plea agreement with federal prosecutors. As a consequence, the judge imposed a sentence of 2.5 years in federal prison on Arabo, alongside a $50,000 fine and a further $2,000,000 in forfeiture to the US government. He completed his sentence and was released in April 2010.

Real Estate

In March 2016, Jacob and Angela acquired a 3,500-square-foot condominium on Park Avenue for $16.68 million.


Jacob the Jeweler Net Worth (Money & Salary)

We appreciate your reading of this article titled: Jacob the Jeweler Net Worth (Money & Salary)

Information is sourced from 2023 and 2024, with forecast data extending to 2025 and 2026. Additionally, our projections are expanded to encompass 2027 and 2028.

 



* This information was taken from various sources around the world, including these countries:

Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.

Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.

Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.

Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.

Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.

Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.

Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.

Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.

Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.

Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.

Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.

Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.

Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.


Post Title: Jacob the Jeweler Net Worth (Money & Salary)
Last Updated: February 9, 2025