KTLA reports charges were dropped against the the 34-year-old.
LAPD Officer Jack Richter tells KTLA that Bilzerian was "arrested on a fugitive warrant out of Nevada, and had faced felony charges in the state, including possessing or manufacturing explosive or incendiary devices."
Bilzerian earned his royal status on the photo-sharing app after sharing hundreds of photos of his seemingly-lavish lifestyle.
You can take a look at his entire profile here, but if you're just looking to get a sense of who this guy is and what he's doing on Instagram, we've selected some images:
