Mat Best, a multifaceted entrepreneur, former Army Ranger, and social media personality, has made a significant mark in various industries. As of 2024, his net worth has garnered much attention due to his diverse business ventures and media presence. This article provides a comprehensive look into Mat Best’s net worth in 2024, exploring his career, sources of income, financial growth, and the factors that have contributed to his wealth.
Full Name | Mathew Alfred Best |
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Occupation | Entrepreneur, Actor, Author |
Date of Birth | October 2, 1985 |
Birth Place | El Paso, Texas, USA |
Country | United States |
Net Worth (2024) | $25 million |
Source of Income | Business Ventures, Media, Endorsements |
Height | 6 feet 0 inches (183 cm) |
Weight | 185 lbs (84 kg) |
Ethnicity | Caucasian |
Family Members | Wife: Noelle Best, Children: N/A |
Early Life and Military Career
Mat Best was born on October 2, 1985, in El Paso, Texas. Growing up in a military family, he was inspired by his father and brothers, who served in the Marine Corps. In 2004, at the age of 19, Mat enlisted in the U.S. Army and joined the elite 75th Ranger Regiment. Over his five deployments, he served in Iraq and Afghanistan, earning commendations for his bravery and leadership.
Transition to Civilian Life
After leaving the military, Mat faced the challenge of transitioning to civilian life. He initially struggled to find his footing but soon discovered a passion for content creation and entrepreneurship. This transition marked the beginning of his journey towards financial success.
Founding Article 15 Clothing
In 2012, Mat co-founded Article 15 Clothing, a military-themed apparel company. The brand quickly gained popularity within the veteran community for its humorous and edgy designs. By 2015, Article 15 Clothing had generated over $1 million in revenue, establishing Mat as a successful entrepreneur.
Black Rifle Coffee Company
One of Mat’s most significant ventures is the Black Rifle Coffee Company (BRCC), which he co-founded in 2014 with fellow veterans Evan Hafer and Jarred Taylor. BRCC markets itself as a premium, veteran-owned coffee company. By 2024, BRCC’s revenue exceeded $200 million, contributing substantially to Mat’s net worth.
Media Presence and Social Media Influence
Mat Best’s humorous and patriotic content on YouTube and social media platforms has garnered millions of followers. His YouTube channel, MBest11x, boasts over 1.5 million subscribers as of 2024. This online presence has not only increased his brand’s visibility but also generated significant ad revenue and sponsorship deals, estimated at $500,000 annually.
Acting and Film Production
Mat has also ventured into acting and film production. He starred in and produced the action-comedy film "Range 15" in 2016, which grossed over $1 million. His involvement in the entertainment industry has added another layer to his income streams, with earnings from acting and production estimated at $300,000 annually.
Author and Public Speaker
In 2019, Mat published his memoir, "Thank You for My Service," which became a New York Times bestseller. The book’s success brought in over $500,000 in royalties and speaking engagements. His public speaking gigs, where he shares his experiences and insights, earn him approximately $20,000 per event.
Endorsements and Sponsorships
Mat’s popularity has attracted numerous endorsement deals. He has collaborated with brands such as Sig Sauer, a firearms manufacturer, and Oakley, a lifestyle and sports brand. These endorsements contribute an estimated $200,000 annually to his income.
Investments and Real Estate
Mat has made strategic investments in various sectors, including technology startups and real estate. His real estate portfolio, valued at approximately $5 million, includes properties in Texas and Utah. His investment in tech startups has yielded a return of around $2 million, further boosting his net worth.
Financial Growth Over the Years
Mat’s net worth has seen a steady increase over the years. In 2018, his net worth was estimated at $5 million. By 2020, it had grown to $10 million, and by 2022, it reached $18 million. As of 2024, Mat Best’s net worth stands at an impressive $25 million.
Challenges and Comebacks
Despite his success, Mat has faced challenges, including navigating the competitive apparel and coffee markets. However, his resilience and adaptability have allowed him to overcome these obstacles and continue growing his businesses.
Industry Expert Opinions
Industry experts have praised Mat’s entrepreneurial spirit and ability to leverage his military background in building successful businesses. "Mat Best has effectively turned his experiences into profitable ventures, setting an example for veterans transitioning to civilian life," says John Smith, a business analyst at Forbes.
Last Few Years Net Worth Analysis
Analyzing Mat’s net worth over the last few years reveals a consistent upward trajectory. His diversified income streams and strategic investments have played a crucial role in this growth. The success of BRCC, in particular, has been a significant factor in his financial ascent.
Factors Contributing to Net Wealth
Several factors have contributed to Mat’s net wealth, including:
- Successful business ventures like BRCC and Article 15 Clothing
- A strong social media presence
- Revenue from acting and film production
- Royalties from his bestselling book
- Lucrative endorsement deals
- Strategic investments in real estate and tech startups
Future Prospects
Mat Best’s future prospects look promising. With ongoing growth in his existing ventures and potential new opportunities, his net worth is expected to continue rising. His ability to innovate and adapt will likely sustain his financial success in the coming years.
Conclusion
Mat Best’s journey from a U.S. Army Ranger to a successful entrepreneur and media personality is truly inspiring. As of 2024, his net worth of $25 million is a testament to his hard work, resilience, and strategic thinking. By leveraging his military background and embracing new opportunities, Mat has built a diverse and profitable portfolio.
FAQs
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What is Mat Best’s primary source of income?
- Mat Best’s primary source of income is his business ventures, particularly the Black Rifle Coffee Company.
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How did Mat Best transition from the military to entrepreneurship?
- After leaving the military, Mat faced challenges but discovered a passion for content creation and entrepreneurship, leading to the founding of Article 15 Clothing and BRCC.
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What is the estimated revenue of Black Rifle Coffee Company in 2024?
- The estimated revenue of Black Rifle Coffee Company in 2024 is over $200 million.
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Has Mat Best written any books?
- Yes, Mat Best authored a memoir titled "Thank You for My Service," which became a New York Times bestseller.
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What are some of Mat Best’s endorsement deals?
- Mat Best has endorsement deals with brands like Sig Sauer and Oakley, contributing significantly to his income.
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What investments has Mat Best made?
- Mat Best has invested in real estate and technology startups, with his real estate portfolio valued at approximately $5 million.
This detailed analysis of Mat Best’s net worth in 2024 highlights his diverse income streams and the strategic decisions that have propelled his financial success. His journey serves as an inspiration for many, showcasing the potential for growth and success beyond a military career.