FaZe Banks's net worth is estimated at around $13 million, built from more than a decade co-building the esports and content organization FaZe Clan into one of the best-known names in gaming, though he stepped down as the company's CEO in July 2025 amid a cryptocurrency controversy.
Quick Facts
| Full Name | Richard Bengtson II |
| Born | October 18, 1991, Lawrence, Massachusetts |
| Known For | Co-founder and former CEO, FaZe Clan |
| 2025 Development | Stepped down as FaZe Clan CEO in July 2025 amid the MLG Coin cryptocurrency controversy |
| Past Relationship | Alissa Violet, dated 2017-2019 |
| Estimated Net Worth | Around $13 million |
Early Life and Early YouTube Career
Bengtson was born in Lawrence, Massachusetts, on October 18, 1991, and grew up largely in Lowell before his family relocated to Florida. He began his YouTube channel in October 2011, initially posting Call of Duty gameplay under the SoaR Clan gaming group as "SoaR Banks," later becoming "FaZe Banks" after joining FaZe Clan in March 2013.
Building FaZe Clan
Banks became a central figure in growing FaZe Clan from a Call of Duty trick-shotting group into a major esports and entertainment organization with millions of followers across its members. He shifted his own content away from gaming videos toward vlogs and reaction content as the clan expanded, and took on a leadership role overseeing talent recruitment and the organization's business operations, eventually becoming CEO.
Relationship with Alissa Violet
Banks dated fellow internet personality Alissa Violet from 2017 to 2019; the relationship played out publicly across both of their YouTube channels before ending in 2019 amid public allegations of infidelity. As of 2025, Banks has said the two remain friends but denied rumors of a rekindled romance.
The MLG Coin Controversy
In October 2024, a meme cryptocurrency called MLG Coin launched and was heavily promoted by figures associated with FaZe Clan, including Banks; its value spiked sharply before collapsing within days, prompting accusations from some investors that the promotion amounted to a "rug pull." Banks has denied wrongdoing, saying he invested heavily in the coin himself, did not sell during its peak, and lost more than $100,000 in the collapse. He stepped down as FaZe Clan's CEO in July 2025, citing the toll the controversy had taken on his mental health and personal relationships.
Frequently Asked Questions
What is FaZe Banks's net worth?
Estimated at around $13 million, built from his years co-building FaZe Clan.
Is FaZe Banks still CEO of FaZe Clan?
No. He stepped down in July 2025 following the MLG Coin cryptocurrency controversy, which he says cost him over $100,000 personally.
Was FaZe Banks accused of wrongdoing in the MLG Coin controversy?
Some investors accused promoters of the coin of a "rug pull," but Banks has denied wrongdoing and says he lost money in the collapse rather than profiting from it.
Is FaZe Banks still with Alissa Violet?
No. They dated from 2017 to 2019 and have since said they remain friends.