HE is the self-proclaimed king of Instagram – the Hugh Hefner of the 21st century, who shot to fame on social media by shooting machine guns from drones and throwing a nude model off a roof.

But Dan Bilzerianthe playboy lifestyle private jets and endless girls in bikinis left an eternal secret: where did he get the money?

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Bilzerian, now 42, is certainly not shy about showing off his wealth – sometimes literally with photos of huge wads of banknotes.

His infamous Instagram feed is filled with photos of fast cars, yachts, luxurious mansions in Vegas and Los Angeles, and lots of guns.

And he’s always surrounded by a gaggle of sexy models in bikinis or none at all.

One such picture landed him in hot water when he posted a picture of it using a topless model as a desk to International Women’s Day.

Another time, he threw 18-year-old porn star Janice Griffith off the roof of his Los Angeles home while aiming for a swimming pool.

But she is broke her foot on the concrete ground and sued him.

The idiotic trick only helped Bilzerian gain tens of millions of followers and become the original king influential people.

Fans were surprised when he revealed his wild spending habits on a a tour of his Las Vegas party mansion in 2017.

In addition to the gold condoms and pistols on the nightstand, Dan showed off a $40,000 suit he never wore.

And in the garage was a $1.8 million 1965 Shelby Cobra that he hadn’t driven in three years.

He claims his full-throttle hedonistic lifestyle led to two heart attacks by the time he was 35.

At one point his fame led to rumors that he was plans to run for president of the United States.

The source of his cash has always been more difficult to determine.

Bilzerian claims that he made most of his fortune – reportedly up to $200 million – as a professional poker player.

He says he started gambling seriously in college after he was kicked out of Navy SEAL training for fighting with an officer.

In one interview, he said he was broke due to gambling losses and was forced to sell his gun for $750.

But he used that to win $10,000, then flew to Vegas and won $187,000.

This launched him into a successful professional career as he learned to “play better”.

Although he rarely appeared in top tournaments, he claims to have made his fortune playing private games with billionaires.

According to him, the most he ever lost in a day was $3.6 million.

Another time he lost $2.3 million on a coin flip.

But in 2013, he said he won $10.8 million in a poker game before going to a beach resort in Mexico to “relax.”

He once said, “If you look at poker as a sport like baseball, I’d probably be a minor leaguer or a high school player. But I play with T-ballers.

“If you look at poker as a business, I’d say I f*** with Bill Gates.

“I’ve won over $50 million playing poker. Who the hell else did that?”

In another interview, he claimed that he doesn’t care if people believe he’s actually bad at poker – because it gets him invited to high-roller games where he can come clean.

However, others have suggested that he’s actually a trust fund kid living off his lying father’s murky millions.

Dan is the son of notorious Wall Street corporate raider Paul Bilzerian, who was imprisoned for securities fraud in 1989.

Federal authorities spent three decades looking for the $62 million he was ordered to repay in 1991.

Various court filings allege that in the 1990s, Paul transferred his assets to a complex network of offshore companies and family foundations.

In 2001, a judge said: “It is clear that he did this purposefully to insulate his assets from the reach of creditors.”

At least one trust was created for his two sons, Dan and Adam.

The judge said it was one of the organizations through which Paul appeared to “try to hide his assets” – although the sons were not charged with any wrongdoing.

Another judge later allowed Deng to sell millions of dollars worth of stock held in trust, legal filings show.

Dan has admitted in past interviews that he is a beneficiary of trusts set up by his father, although he declined to say how much he received.

But in another he claimed he had refused a payment he was due to receive at age 30 and again at age 35.

He told YouTuber Graham Bensinger: “I gave it all back… I gave it to my brother.

“It was like, no big deal … I never wanted from someone without being able to reciprocate, I guess.

“So my dad lost me some money on some deals, so…I took a little bit of it and gave the rest away.”

More recently, he claimed to have made another fortune at cryptocurrency boom

He told Jackass star Steve-O’s podcast that he got involved reluctantly after someone who owed him millions for poker games offered to settle the debt in Bitcoin.

He claimed he only remembered years later when a friend told him the virtual currency was “going away.”

He claimed that despite having forgotten his password, he was eventually able to retrieve his laptop wallet and realized he was sitting on a fortune.

He says he then bought Ethereum and other cryptos and rode the “wave” to make “a lot of money” before cashing in millions.

Epic waste

Meanwhile, he also used his internet fame to start a vending business CBD oil and vaping products called Ignite.

The Sun was invited to a party in the UK where he rented out an entire London hotel worth £500,000.

Dan flew in a group of leggy Instagram models on a private jet for a glittering evening in 2019.

However, the company’s finances proved to be as controversial as his own.

In 2020, Bilzerian was sued by Ignite Vice President Curtis Heffernan, who accused him of using the firm to finance his lavish lifestyle.

He claimed he was fired for refusing to pay off extravagant expenses, including an $18,000 bar and $15,000 ping pong table.

Other expenses listed in the legal documents included $75,000 for a paintball court, $40,000 for a climbing wall, $60,000 for a Star Wars weapon set, $31,000 for pool renovations and $50,000 for a bed frame.

The company was also said to be paying a staggering $200,000 to rent Bilzerian’s Bel-Air mansion.

The boss reportedly said it was needed for pool parties and marketing events.

Yacht charters, private jet trips with models and a $130,000 photo shoot in the Bahamas were also charged to the firm.

And he paid $26,000 in promotions to get Bilzerian more Instagram followers, the lawsuit alleges.

Meanwhile, Ignite reported a first-year loss of $50 million, according to Forbes.

The marketing budget alone was more than $16 million, more than double that year’s sales.

In a company report, Ignite has raised huge sums from issuing shares and loans to investors.

He then went on an epic spending spree even as his stock fell, according to Forbes.

The cash went to license fees, business expenses and travel expenses for companies owned by the CEO, according to the filing.

Ignite has also received more than $1 million in public money under the Covid Support Program.

The ongoing affair doesn’t seem to have dampened Bilzerian’s appetite for partying.

His Insta feed features tons of glamorous new photos of him with gorgeous models and VIP pals.

The question remains: where did all the money come from?

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