American artist David Choe is well-known in his field. On April 21, 1976, David Choe entered the world. David Choe’s Net Worth is a topic of interest to many.
This article now reflects the most recent data. Fans are always curious to know more about the lives of their idols. People are also looking into David Choe’s net worth. It’s possible to find out how much money David Choe has by searching online. Let’s go in deeper to get the specifics.
David Choe Early Life and Education
David Choe was born on April 21, 1976, in Los Angeles, California. He grew up in Los Angeles in the neighborhood of Koreatown.
His parents are Korean refugees who became Christians after leaving Korea. David learned to draw “Star Wars” and “G.I. Joe” pictures when he was young. In 1990, Los Angeles graffiti artists Hex and Mear One moved him to start painting graffiti.
Choe quit high school after the 1992 L.A. riots burned down his parents’ real estate business. He then moved for two years across America, Africa, Europe, and the Middle East. David moved back to California when he was 21.
He studied at California College of the Arts for two years and then dropped out.
David Choe Career
David Choe started out as a graffiti artist in Los Angeles in the late 1990s. He became a highly sought-after artist due to his distinctive style. He uses vibrant colors and complicated patterns. This distinguishes him from other artists.
Choe has done illustration and graphic design work for companies like Nike, Levi’s, and Marvel Comics in addition to his graffiti writing. He worked for notable artists and bands including Jay-Z and Linkin Park.
When Facebook recruited Choe to paint murals at the company’s headquarters in 2005, he quickly rose to prominence as a result. Choe is well-known for accepting stock options as remuneration, a move that reaped him an estimated $200 million when Facebook went public in 2012.
The Museum of Contemporary Art in Los Angeles and the Smithsonian American Art Museum in Washington, DC showcased his work in their permanent collections. Other works by him include “Bruised Fruit” and “Slow Jams.”
Choe’s personal life has been fraught with scandal and legal issues. He struggled with drug addiction and was also arrested on drug-related offenses. But he has kept on making work and is still a major force in the modern art world.
David Choe Net Worth
|April 21, 1976 (46 years old)
|Professional painter, graffiti artist, graphic novelist, and muralist
Choe reportedly created graphic sexual murals inside Facebook’s first headquarters in Palo Alto, California, in 2005, while Sean Parker was president. He had the option of accepting a cash payment of thousands of dollars (how many zeroes are unknown) or obtaining Facebook shares with the same value.
Choe made the final decision. When Facebook goes public, its shares might be valued at as much as $200 million. We may all live vicariously via this wonderful narrative. While Choe’s achievements seem unthinkable.
American painter, graffiti artist, graphic novelist, and muralist David Choe has a $300 million net worth.
Most of us in the freelancing, employment, or investment communities just can’t copy it. Those who risk it may pay a high price.
6 Life Lessons from David Choe
- Freelancers require cash rather than stock
One of the greatest difficulties of self-employment is collecting past-due payments from customers, as I discussed in my blog article “How to Make Money Without a Job.” Most freelancers prefer cash payments over stock in exchange for their services. Choe’s investment paid off since he was able to sit on the stock while its value rose.
- Put your knowledge to work
The corporation is investing in you by offering you stock (or stock options) as payment for your expertise. Do not invest in a firm if you don’t understand its business plan. In the midst of the late 1990s craze for stock options, investors temporarily forgot about this. Stock options were a standard part of almost everyone’s compensation plan, from secretaries to CEOs. Some people became very wealthy trading these options, while others found themselves holding options that were worthless after the market crash.
- Don’t be shocked if you end up losing all you’ve invested
Startups seldom go public. The number of people who lost everything because of a business failure is far more than the number of people who made it big in the dot-com industry. Stock options in failing firms were a primary source of remuneration for many people, including independent contractors like Choe and venture investors. Choe reaped a hefty financial reward for his efforts. What if Choe hadn’t joined the Facebook team? In such a situation, the cost of painting the murals would have been nothing.
- Never put all your eggs in one basket
Choe’s first investment portfolio likely included Facebook, but he should not have put all his money there. When the firm goes public is a major factor in determining its wealth. He should broaden his horizons and try new things.
- If anything seems too good to be true, it probably is.
After hearing the Facebook tale, we are all overjoyed. Thus, we could be more susceptible than normal to scams and quick-money schemes. Before putting money into a new company, be sure you’ve done your research.
- Do What You Love
Choe presumably didn’t take the Facebook job with the intention of becoming wealthy.
Doing what you like is always the best option. However, such a path may not lead to financial success. However, this will ultimately lead to your financial success.
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Conclusion: David Choe Net Worth 2024
Through his work in the business, he has built up a good source of income. David Choe makes most of his money from the fees he gets to play in TV shows. He also makes money as an artist, a singer, and an actress. From his work, he makes millions of dollars every year. In 2023, he had a total net worth of $360 million.