Bukharian-American jeweler Jacob the Jeweler has an estimated net worth of $5 Million. Born Jacob Arabo or Yakov Arabov, he and his family emigrated from Uzbekistan to America when he was only 14. At 16, he enrolled in a jewelry-making program after he stopped his formal instruction. From age 17, he began his profession as a jewelry designer. Jacob opened a small kiosk in the Kaplan Jewelry Exchange. In 1986, after 15 years, he formally started his own company called Diamond Quasar in age 21 and began designing his own Jason & Co. branded jewelry. Jacob began designing for several jewelry labels and private clients before he became popular in the sports and entertainment industry.
Jacob the Jeweler Net Worth $5 Million
As the owner and creator of Jacob & Company, a high-end watch and jewelry maker, he became an award winning diamond jewelry designer. The business now caters the needs for watches and other accessories of high profile celebs that include Jessica Simpson, Nick Lachey, Sean “P Diddy” Combs, Mary J. Blige, Janet Jackson, Christy Turlington, Beyonce, Sir Elton John, Bono, David Beckham and Rudy Giuliani.
Nevertheless, he was arrested on charges of money laundering and conspiracy in June 2006. Jacob spent two plus a half years in prison after pleading guilty with the charges in connection with all the Detroit-based Black Mafia Family criminal organization in 2008.