Adeel Shams Net Worth 2024: Financial Success, Bio & More

Adeel Shams, a name synonymous with success, boasts a remarkable net worth of over $20 million. But his story is more than just numbers.

Delve into the life of this accomplished entrepreneur, from his stellar career to the sources of his wealth, early beginnings, and more.

Net Worth

Adeel Shams’ estimated net worth is around $20 million. This figure is a conservative estimate, and his actual net worth could be even higher, potentially up to twice this amount. This estimate is supported by his significant investment of $15 million in the startup MoonUltra in December 2022.

Adeel Shams has amassed his wealth through various income streams and ventures, including:

  1. CoolKicks: As the co-founder and owner of CoolKicks, a popular sneaker store with multiple locations, he generates substantial revenue from buying, selling, and trading sneakers, including rare and coveted designs.
  2. MynaSwap: Adeel Shams’ startup, MynaSwap, is a digital platform for trading physical collectables, offering unique investment opportunities. This venture also contributes to his income.
  3. Tech Investments: Shams has made investments in tech companies and startups, diversifying his portfolio and potentially increasing his wealth through successful ventures.

It’s important to note that net worth estimates can fluctuate over time due to changes in business ventures, investments, and market conditions.

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Salary, Income, and Earnings

While specific salary figures are not readily available, Adeel Shams’ income primarily stems from the revenue generated by his businesses, CoolKicks and MynaSwap.

CoolKicks, with its $6.9 million in sales in a single year, is a significant source of income. His investments in various tech startups and partnerships also contribute to his earnings.

 

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A post shared by Anthony hi-c cortes (@drlacekickz)

Shams’ income is likely substantial, given his successful entrepreneurial ventures.

Early Life and Family

Information regarding Adeel Shams’ early life and family background is limited. However, it is known that he was born on October 6, 1991, in Los Angeles, California, USA and raised by parents of Middle Eastern roots.

Education

Adeel Shams pursued his education in the field of marketing. He earned his undergraduate degree in marketing from Virginia Commonwealth University. Later, he completed his master’s degree in Creative Brand Management at the VCU Centre.

Career and Accomplishments

Adeel Shams’ entrepreneurial journey began with a passion for sneakers. He started his business in 2008, initially inspired by a yard sale where he purchased and resold a pair of Air Jordans. In 2014, while studying at Virginia Commonwealth University, he opened his first sneaker store, Wavy Kickz, in Richmond, Virginia.

After completing his master’s degree, he moved to Los Angeles and founded CoolKicks, which has become a highly successful brick-and-mortar sneaker store with multiple locations. CoolKicks specializes in buying, selling, and trading sneakers, catering to sneaker enthusiasts and collectors.

 

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A post shared by CoolKicks (@coolkicksla)

Adeel Shams expanded his entrepreneurial ventures by founding MynaSwap, a digital platform for trading physical collectables. He also invests in tech startups and has a diverse portfolio of investments.

CoolKicks Profile Overview

Information Details
Business NameCoolKicks
Business TypeSneaker retail and resale
Business Status Operating
ProductsSneakers, streetwear
Company TypePrivate
Founded byAdeel Shams, Breket Abraham, and Davon Artis
Founded in2016
Based inMultiple locations, including Los Angeles and Springfield, Virginia
Websitehttps://shopcoolkicks.com/
Instagramhttps://www.instagram.com/coolkicksla/
YouTube https://www.youtube.com/c/coolkicks/featured
Facebookhttps://m.facebook.com/CoolKicksLA
Twitterhttps://twitter.com/coolkicksla?s=11&t=Q4OKfqn-flrxDBknKcM3tw
Top CompetitorsStockX, Stadium Goods

Lessons and Challenges

Adeel Shams’ entrepreneurial journey teaches valuable lessons about pursuing one’s passion and taking calculated risks. He faced challenges, such as transitioning from a pre-dental track to marketing, managing a demanding graduate program alongside launching a business and relocating to a new city to expand his ventures. His success highlights the importance of perseverance and innovation in entrepreneurship.

Social Media Presence

Adeel Shams maintains a significant social media presence, especially on Instagram (@coolkicksla) and YouTube (@coolkicks). He uses these platforms to showcase his sneaker business, engage with customers, and share content related to streetwear and collectables.

Religion

While there is no information available regarding Adeel Shams’ religious beliefs or practices, he is known to have been raised in a Muslim household.

Wife and Kids

There’s no verifiable information on Adeel Shams’ marital status, spouse, or children at this time.

Age, Weight, and Height

Adeel Shams was born on October 6, 1991, making him 32 years old as of 2023. He is 5’8″ tall and weighs about 80 kg.

Quick Info

Information Details
Real NameAdeel Shams
Nick NameAdeel
GenderMale
NationalityNot Available
Date of Birth6 October 1991
Place of BirthLos Angeles, California, United States
Profession/TitleSneaker Retailer| Co-Founder| Businessman| CEO
RelationshipNot Available
Children Not Available
ParentsNot Available
Age32 years (as of 2023)
Height5 feet 8 inches
Weight 77 kg
LinkedInhttps://www.linkedin.com/in/adeel-shams-59514583
Facebookhttps://www.facebook.com/adeel.shams.96

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Conclusion

Adeel Shams, with a net worth of $20 million, exemplifies the pinnacle of entrepreneurial success. From his humble beginnings to his diverse income streams, his journey is nothing short of inspirational.