Ignite “made” money in two ways last year. How on earth could they have lost so much in a single year after floating as a publicly traded company.įorbes Magazine covered the story and dug a little deeper. When Ignite posted the annual report on the Canadian Stock Exchange there must have been a few raised eyebrows. On paper it looked like a dream investment, but what they didn’t consider enough was Bilzerian’s lack of business acumen and clear propensity to use company funds as his personal piggy bank. Investors queued up to bankroll the venture assuming that they couldn’t possibly lose given the playboy’s social media following. ![]() Ignite was set up to use Bilzerian’s image to sell anything and everything party related including cannabis and alcohol. ![]() ![]() The King of Instagram has reportedly seen his new lifestyle company dump $50 million in a single year. Dan Bilzerian’s latest business venture is turning out to be an expensive hobby.
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