Billy McFarland Net Worth 2020, Biography, Career and Relationship.
Billy McFarland Net Worth 2020 – Billy McFarland was relatively unknown within and outside the American clubbing circles until April 2017 when a VIP party he organized turned into a nightmare, leaving attendees stranded and in total shock.
McFarland, who co-founded the festival along with popular American rapper Ja Rule (born Jeffrey Bruce Atkins), was later arrested and arraigned before the court of law.
As of 2020, it is estimated that the net worth of Billy McFarland is at around -$5 million as he was found guilty for the wire fraud.
He also admits of using fake documents to attract the clients and investors to spend $26 million into his company. Billy and Ja Rule were sued for $100 million in the lawsuit, and it led to a decline in his net worth.
Billy McFarland is an entrepreneur who is mainly known for being the CEO and founder of Fyre Media that generally promoted the Fyre Festival.
Billy is convicted felon charged of $27.4 M with the defrauding investors. In June 2017, Billy was arrested and charged with wire fraud in the Manhattan federal court.
The Fyre Festival founder, whose real name is William McFarland, was born on the 11th of December 1991, in the United States of America. However, he was raised by his parents in the Short Hills section of Millburn, New Jersey.
After completing his high school studies, McFarland proceeded to Bucknell University in Lewisburg, Pennsylvania, to study computer engineering.
He, however, dropped out of the institution after spending less than nine months with the intention of setting up an online advertising platform called Spling.
|Height (Tall)||Feet & Inches: 6′ 4″.|
Centimeters: 194 cm.
Meters: 1.94 m.
|Weight||Kilograms: 89 Kg.|
Pounds: 196 lbs.
|Biceps Size||16 inches.|
|Body Measurements (chest-waist-hips)||42-32-37.|
|Shoe Size (US)||12.|
|Tattoos details?||Will update.|
He briefly served as the CEO of the business venture before associating himself with an elite club for New York millennials known as Magnises. Situated in a West Village townhouse.
Magnises membership costs $250 while members were given discounted access to high-profile events and also invited to come and attend lectures, dinners, cocktail parties, and art shows.
However, it was later found out that the company was not delivering its promises, as disclosed by its members. It was around this point that Billy perfected his idea of organizing the Fyre Festival.
The luxury festival which was managed by Fyre Media (a business venture Billy established in the year 2016) was meant to hold at the end of April and May 2017 in the Bahamas while tickets were sold for $1,200.
Partygoers were assured they would fly in on a custom Boeing 737 from Miami and that they would be treated to gourmet food as well as exotic tents to sleep in.
Fyre Festival also won the attention of many influential supermodels such as Hailey Baldwin, Bella Hadid, Emily Ratajkowski, and Alessandra Ambrosio who participated in filming promotional trailers for the event.
On arriving on Great Exuma Island for the festival, attendees were greeted with a number of serious misrepresentation, administration, and management issues that eventually led to the cancellation of the event organized by Ja Rule and Billy McFarland.
As revealed by the Hulu documentary, Billy McFarland is in a relationship with a beautiful model named Anastasia Eremenko. Born in 1990, the model is a native of Rostov-on-Don, a town in southeastern Russia.
Anastasia moved to Delaware at the age of seventeen and later obtained an M.B.A. from Goldey-Beacom College. She launched her modelling career in the year 2012 and has since worked with several brands, including Balmain and Guess. Currently, Eremenko is with Silent Models.