FaZe Banks' Net Worth (Updated 2022) | Wealthy Gorilla

Net Worth:	$13 Million
Age:	34
Born:	October 18, 1991
Gender:	Male
Height:	1.88 m (6 ft 2 in)
Country of Origin:	United States of America
Source of Wealth:	Professional YouTuber
Last Updated:	Mar 6, 2026

Table of Contents

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• Introduction
• YouTube Channel
• FaZe Clan
• The Clout House
• Acquired By GameSquare
• Financial Issues
• Tfue Lawsuit

Introduction

FaZe Banks is an American YouTuber and entrepreneur with an estimated net worth of $13 Million.

YouTube Channel

Richard Bengston fell in love with video games long before he became a YouTube sensation under the name FaZe Banks. After starting his channel, BanksHasBank, in 2011, he released his first video titled “The Single Greatest SoaRing In Style.”

At this time, the majority of his content revolved around Call of Duty, and alongside FaZe Rug, he was a member of a COD team called SoaR. While he started relatively small, he eventually branched out on YouTube, adding challenges, pranks, and even vlogs to his channel. However, his gaming content is by far his most popular, and though his channel is inactive today, it is what helped him become so successful!

FaZe Clan

The FaZe Clan got its start on YouTube in 2013 as a Call of Duty sniping clan founded by CLipZ, House Cat, and Resistance. While they started off creating some of the most-viewed YouTube videos of all time, it wasn’t long before they decided to branch out.

In 2012, when the channel had gained over a million subscribers, the clan decided to enter the esports world and compete professionally. Members who left the channel began competing in various competitions, including the Call of Duty Championship, but they lacked a corporate structure.

However, along with CEO Thomas “Temperrr” Oliveira, FaZe Banks, as the COO, set about reading the first FaZe shared home in New York. In this shared home, members, including FaZe Banks, could create additional lifestyle content alongside their gaming videos. It was during this time that he officially started going by the name FaZe Banks, and he changed his YouTube handle accordingly.

The Clout House

In 2017, FaZe Banks moved from New York to Los Angeles and started a new shared home known as the Clout House. During this time, he started focusing more on vlogs alongside other house members while stepping back from his usual gaming.

Although he continued his YouTube channel after moving to L.A., he stopped uploading entirely, citing too much drama and negativity. The same year, he launched the podcast “Moms Basement” alongside Keemstar and Colossal is Crazy, which ended in 2022.

Acquired By GameSquare

Although FaZe Clan went public in 2022, the company’s time on the stock market was far from the success everyone hoped for. Shortly after listing on Nasdaq, FaZe Clan’s shares failed to stay above $1, and they were ultimately removed from the exchange. However, the founding members, consisting of FaZe Banks, FaZe Temperrr, and FaZe Apex, have recently come back swinging.

In October 2023, FaZe Clan was acquired by GameSquare in a deal initially valued at $14 million, though several reports suggest the final value was $17 million. Banks remained CEO, with Temperr as President, and Apex as the COO.

Financial Issues

In early 2025, Banks and members of FaZe Clan began promoting the MLG meme coin using promotional tactics that caused an initial surge in the market. The coin’s value rose from $3 million to $200 million in a matter of days; however, when the hype finally died down, it collapsed. This left the token worthless, and many investors accused Banks of arranging a rug pull, in which early investors profit while later investors end up with tokens worth nothing.

The controversy continued to escalate when, on July 28, 2025, a leaked private investor chat placed Banks at the center of the scandal. Surprisingly, he blamed the streamer Adin Ross for the collapse, stating that Ross’s involvement was used as exit liquidity. This means regular buyers lose out when early buyers sell their coins for a profit. Some messages showed Banks pressuring the MLG team to give him deals and over-the-counter access to tokens, suggesting his involvement went deeper than initially thought.

However, Banks continued to state that he had done nothing wrong, instead claiming that the accusations had been invented to make him look bad. Even though Banks protested his innocence, the leaked chats led fans and members of the gaming community to doubt his claims.

Banks reportedly lost over $100,000 on the project and insisted he never sold his tokens for profit. With the controversy showing no signs of slowing down, Banks announced that he was leaving FaZe Clan and stepping back from online activities.

Tfue Lawsuit

On May 20, 2019, Fortnite streamer Turner “Tfue” Tenney filed a lawsuit against FaZe Clan after alleging that his contract with them took almost 80% of his earnings.​ As a result of the lawsuit, Banks began issuing multiple statements defending FaZe Clan and criticizing Tfue’s account of events. Banks acknowledged the contract was flawed but insisted FaZe Clan never took the claimed 80% and instead tried to renegotiate better terms.​

Three months later, on August 1, 2019, FaZe Clan filed a countersuit, accusing Tfue of hiding at least $20 million worth of earnings without sharing them with other FaZe Clan members. The suit also alleged that Tfue had taken private company documents and had interfered with FaZe Clan’s business deals while convincing other FaZe talent to leave.

Over the following year, the contract in question was leaked to the press, revealing that FaZe Clan was actually entitled to only 20% of Tfue’s earnings from his branded videos. Surprisingly, it also showed that Faze Clan wasn’t claiming any of Tfue’s streaming revenue or prize winnings as he had initially stated. Eventually, both parties agreed to settle out of court on August 26, 2020. Details of the outcome were not made public, and although Banks was not personally named in the suit, as a co-founder, he was responsible for the company’s contracts.