As one former Ignite anonymously put it, “Ignite pays for everything. Models, events, yachts. Dan would just have it wrapped with the Ignite logo, and all of a sudden it was an Ignite expense and he would send them the bill,” which is in
Of course, none of this is new for Bilzerian’s 30 plus million followers on Instagram who are given a front-row seat to the lifestyle of the jet setting millionaire that appears to be on top of the world.
What is new, however, is Bilzerian seems to have stopped talking about Ignite on social media. A recent annual report from Ignite’s board of directors offers a sort of explanation about his absence or silence. Internally, it appears things are not looking so great:
“The Company will need to raise capital in order to fund its operations and continue its existing and prospective expansion into strategic markets. This need may be adversely impacted by uncertain capital market conditions, including those created by the COVID—19 pandemic, an inability to secure strategic partnerships in key markets, and an unfavorable perception of the IGNITE brand,” said the board.
