Efraim Diveroli, a figure known for controversy, reflects on his net worth

Efraim Diveroli Net Worth: From Arms Dealing to Wealth Accumulation

by
Rate this post

As of March 2024, Efraim Diveroli has a net worth of $25 million. He gained notoriety as a former American arms dealer, operating under the banner of AEY, Inc., which secured significant contracts as a major weapons contractor for the U.S. Department of Defense. His story was portrayed in the 2016 film “War Dogs,” where Jonah Hill played his character. Born in Miami Beach, Florida, Diveroli’s family was Orthodox Jewish, and he studied at Hebrew Academy. His involvement in arms dealing led to a federal prison sentence of four years.

Efraim Diveroli Wiki, Biography & Quick Facts

  • Full Name: Efraim Diveroli
  • Birthdate: December 20, 1985
  • Age: As of July 2024, he would be 38 years old
  • Background: Efraim Diveroli was born and raised in Miami Beach, Florida, USA.
  • AEY Inc. Scandal: He became notorious for his involvement in the AEY Inc. scandal, where his company was accused of illegally trafficking arms.
  • Arrest and Conviction: In 2008, Diveroli was arrested and later convicted for conspiracy to defraud the United States government and for violating the Arms Export Control Act.
  • Legal Consequences: He served a four-year prison sentence for his involvement in the AEY Inc. scandal.
  • Depiction in Media: His story was chronicled in the book “Arms and the Dudes” by Guy Lawson, which was adapted into the film “War Dogs” directed by Todd Phillips, with Jonah Hill portraying a character based on Diveroli.
  • Post-Prison Life: After his release from prison, Diveroli has maintained a relatively low profile.

Efraim Diveroli Real State & Lifestyle

  1. Net Worth: As of 2024, Efraim Diveroli’s estimated net worth is around $25 million. His wealth has been accumulated through various ventures, including arms dealing, book sales, and investments.
  2. Business Ventures: Despite his criminal past, Diveroli has managed to turn his life around. He is now a successful entrepreneur and investor. His investments span diverse industries, including real estate, technology, and media. Notably, he owns AEY Inc, which was a major weapons contractor for the U.S. Department of Defense.
  3. Real Estate: Diveroli has invested in real estate properties, including residences in Miami and Los Angeles. These properties have appreciated over time, contributing significantly to his net worth.
  4. Lifestyle: Efraim Diveroli enjoys traveling and spending quality time with his family. Despite his controversial past, he seems to be living a relatively private life, away from the spotlight.
Efraim Diveroli: Explore his Wiki, Biography, and Quick Facts.

Efraim Diveroli’s Early Life & Career

Let’s explore Efraim Diveroli’s early life and career:

  1. Early Life:
    • Efraim Diveroli was born on December 20, 1985, in Miami Beach, Florida. His family strictly observed traditional Jewish laws, and he studied at the Hebrew Academy in Miami Beach.
    • His Iranian-born grandfather, Yoav Botach, was a wealthy property owner in Los Angeles, and his uncle is the celebrity rabbi Shmuley Boteac.
  2. Arms Dealing and AEY Inc:
    • At the age of 15, Diveroli returned home to Miami Beach and convinced his father to sell him a shell company named AEY, Inc., which he incorporated as a small printing business.
    • AEY quickly gained attention within the arms dealing industry, and Diveroli became known as an “arms wunderkind.”
    • Despite his controversial reputation, AEY secured significant contracts as a major weapons contractor for the U.S. Department of Defense.
  3. Notable Incident:
    • At 21, Diveroli and his partner, David Packouz, gained notoriety for their involvement in a high-profile ammunition deal. AEY supplied Chinese ammunition to Afghanistan, attempting to conceal its origin by repackaging it as Albanian, violating the American arms embargo against China.
    • This incident led to Diveroli’s sentencing to four years in federal prison and became the basis for the 2016 film “War Dogs,” where Jonah Hill portrayed him.

Efraim Diveroli Parents, Siblings & Personal Life

Efraim Diveroli’s family adhered strictly to traditional Jewish laws, and he studied at the Hebrew Academy in Miami Beach. His Iranian-born grandfather, Yoav Botach, was a prominent property owner in Los Angeles, and his uncle is the celebrity rabbi Shmuley Boteach. Efraim has two brothers, Aaron and Avrohom Diveroli, and two sisters, Avigail and Yeshaya.

F&Q About Efraim Diveroli

Who is Efraim Diveroli?

Efraim Diveroli is an American former arms dealer who, at a young age, became involved in international arms trading.

What did Efraim Diveroli do?

Diveroli, along with his company AEY Inc., secured a major contract with the U.S. Department of Defense to supply ammunition for Afghan security forces. This contract was fraught with controversy and legal issues.

What was the AEY Inc. scandal?

The scandal involved AEY Inc. supplying ammunition to the Afghan National Army under a $300 million contract. It was revealed that the company had shipped aging and decomposing Chinese ammunition, which violated the terms of the contract and raised serious legal and ethical concerns.

Was Efraim Diveroli convicted?

Yes, Diveroli was convicted in 2011 on charges related to fraud and conspiracy to defraud the United States government. He was sentenced to four years in federal prison.

What happened to AEY Inc. after the scandal?

AEY Inc. lost its contracts with the U.S. government and eventually went out of business following the scandal and legal repercussions.

Is Efraim Diveroli still involved in arms dealing?

Since his release from prison, Diveroli has maintained a lower profile. There have been no public reports of him being involved in similar activities since the scandal.

What is Efraim Diveroli doing now?

As of the latest information, Diveroli has largely stayed out of the public eye. There have been no significant updates on his activities post-release.