Jim Taubenfeld Net Worth as of 2023 has increased when compared to the initial years of his struggle. The spike in Jim Taubenfeld Net Worth came when he reached out to the public with the help of social media. He appeared in a Netflix show named “King of Collectibles: The Goldin Touch”. Though he was born in Puerto Rico, he moved to the States for better opportunities. He has acute business acumen and only ventures in low-competition businesses. He has multiple sources of income now, from physical assets such as gold, stocks, collectibles, and real estate, he also has money invested in virtual assets such as NFTs, Meta Verse, Bitcoin, and Crypto-currencies. Apart from these he also has a Youtube channel that is growing at a rapid rate. From all the income sources, he has a total net worth of 8 million dollars. In this blog, you will be informed about his lifestyle, personal life, background, and Net Worth as of 2023.
What is Jim Taubenfeld’s background?
Jim Taubenfeld is an American citizen, businessman and investor. He is 58 years old and was born on 8 July 1965 in Puerto Rico but in search of better opportunities, his family moved to the United States of America when Jim was only 10 years of age along with his two elder brothers and one younger sister.
The family moved around the country and then finally settled in Miami Florida. While he was young he aspired to become a lawyer therefore he was admitted to the “University of Miami School of Law ” and graduated from there in the year 1991. His specialization in the University was a doctorate of Law in Accounting and Business/Management.
There are no records of Jim Taubenfeld’s parent’s names but his brothers have given appearances on his Youtube channel. He married Moira Shub Taubenfeld in 1995 and the couple have three children. His whole family believes in Christianity but Jim Taubenfeld has never disclosed his religious beliefs in public space. Taking his physical features into account Jim Taubenfeld is a tall individual with a height of 6 foot 2 inches and a body weight of 84 kg. His hobbies include traveling, sneakers, collecting rare items, cooking, and reading.
Jim Taubenfeld since childhood was fond of collecting toy figures, cards, and other collectibles but it was only after college, that he thought of building a business around his passion. After hustling for three years after college in 1994, Jim Tubenfeld founded Me Salve, Incorporation and has been running it successfully for the past 29 years. I Salve is an online marketplace and auction place that sells collectibles, goodies, and other related products through websites and other channels. The headquarters of the company is based in Catano, Puerto Rico but most of the operations are run from the USA and other outsourced countries.
The website is specially targeted for the Spanish-speaking audience. Now, the website has grown to such an extent that apart from collectibles, other items such as electronics, sneakers, jewelry, makeup, toys, furniture, household items, and other goods are also sold. The website is easy to use and has been in the industry for nearly three decades. The majority of the wealth accumulated by Jim Taubenfeld comes through the Me Salve site while his other sources of income are listed below.
Who is Jim Taubenfeld’s wife?
Jim Taubenfeld married his long-time girlfriend Moira Shub Taubenfeld in 1998. They share a close bond but Moira’s appearance in the public domain is limited. After marriage, his wife joined his company’s risk assessment team to assist him in work.
Now she is also a shareholder in his company having 26 percent of the company’s assets. The couple has three children the elder one is a boy and the other two are girls. Often all of them are seen together on his Instagram account while enjoying vacation.
Why is Jim Taubenfeld famous?
Jim Taubenfeld was mostly focused on his business and had no social accounts. Later, Netflix approached him for a documentary where he was interviewed in a show named “King of Collectibles: The Goldin Touch ”. After this show premiered, he grabbed the attention of the viewers, and his work became recognized on a larger scale.
The King of Collectibles has till now released only one season in the year 2023 with Jim Taunbenfeld having a total of 6 episodes. All the episodes are filled with guest appearances from sports celebrities such as NBA, and WWE. In season 1 itself, you will see Mike Tyson and Logan Paul who will visit Jim to get the best price for their collectible in the last two episodes. The online auction in the season will touch millions in each episode for rare collectibles. You will be shocked to find the first Apple computer bought for auction. The trailer of the show was released on the official Netflix channel on 31st March 2023 and has generated more than a million views so far.
You must have seen Pawn Stars which is a shop located in Las Vegas and goes by the name “Gold & Silver Pawn Shop” where businessmen from three generations keep you informed about the items brought to them for either selling purposes or as a mortgage against the loan. But Jim Taubenfeld is the sole entrepreneur who has been around the industry for the past 3 decades. He also has a store filled with rare collectibles such as WWE belts, Pokemon cards, Sneakers, NBA T-shirts, football shoes, and others where people from all around the globe bid for an item and Jim gets a dealbreaker.
Most of the episodes of the season only deal with the sports collectible domain where he nearly touches the 20 Million mark soon after auction opening. Apart from this as early mentioned he also sells those collectibles with the help of his marketplace called Me Salve.
Jim Taubenfeld Successful Ventures
Jim Taubenfeld was always interested in rare commodities. He knew that these rare collectibles would have great value in the future and would be seen as investment alternatives. His predictions became a reality when the market crashed in the ’90s during that time investors wanted to park money in other safe alternatives. So it was at this time, that he opened his rare collectible business shop and later turned it into an online marketplace and auctioning platform.
Later as his business grew, some angel investors invested in his business and he utilized that money to grow Me Salve. Since he has the first mover advantage, his online marketplace has now grown many folds and has no other competitor.
From his cash-rich business, he diverted the money to other alternate assets such as real estate, and stocks. He owns a lavish resort in Puerto Rico, two apartments, three luxurious beach-facing houses, and two office spaces in Florida.
He has also made sound investments in gold and options trading. A little over 10 percent of his income also comes through consultation. As he is one of the few individuals, who have deep knowledge about rare items, he is often called for verifying the original or the counterfeit product.
Jim Taubenfeld Net Worth 2023
Taking account of all his assets and liabilities, Jim Taubenfeld Networth 2023 is around 8 million USD, he can generate 2 million in revenue per year from his marketplace while from consultation and brokerage, he receives 6 percent of the transactional amount. From his other investments such as real estate, he can generate 200k$ USD per year. While he was working for the Netflix show, he received an upfront amount of 1$ million dollars. So all these contribute to his net worth which is marginalized around 8 million dollars and is expected to grow in the upcoming years