On Friday, that 2nd December, Alex Jones filed for Chapter 11 bankruptcy. Alex Jones founded Infowars. This recent development happened in less than two months after a significant event. Indeed, a court ordered the conspiracy theorist to pay $965 million to the families of victims of the Sandy Hook Elementary School shooting. This is because Alex Jones made claims that the shooting was a hoax.
Jones, in the past, had earned a great amount of wealth from his career. However, after the latest controversies and legal troubles, he experienced a drastic turn of events. Indeed, his wealth went through significant damage.
Alex Jones’ net worth stands at -$900 million in December 2022. Thus, the negative net worth reveals that the alt-right radio show host is presently in debt. Indeed, the court has imposed penalties on him in recent times. Hence, the devastating loss in his wealth.
Indeed, Jones received the order to pay $965 million to the families of the Sandy Hook Elementary School shooting victims in October 2022. In fact, you will be surprised to learn that during the August 2022 trial, Alex Jones made claims that his net worth was no more than $5 million. Indeed, at the same point in time, a financial forensic expert had found out and henceforth stated that Jones and his companies’ worth stand somewhere between $135 to $270 million.
In November, the court ordered Alex Jones to pay yet another $472 million as punitive damages and attorneys’ fees. In fact, in the past, he received an order to pay $49.3 million in compensatory and punitive damages to the parents of a 6 year old child. The child lost his life in the shooting.
The act of bankruptcy filing …
Jones filed for personal bankruptcy in Houston, Texas. He committed this act on Friday in a desperate attempt to escape paying the damages. He received orders from the court to pay around $1.5 billion. However, the bankruptcy system does not give protection to anyone who participates in intentional and egregious attacks on others. Thus, the chance for escape is nil when it comes to Alex Jones. Indeed, the American judicial system will hold Alex Jones guilty and responsible. The judicial system will make sure that the jury’s verdict comes into enforcement.
In 1999 Alex Jones established InfoWars. The far-right conspiracy theory and fake news website operate under Free Speech Systems LLC. Reports in 2017 made suggestions that the website was earning around 10 million monthly visits.
Indeed, Alex Jones earned millions of dollars from the website. According to estimations from Sources, his earnings from InfoWars ranged at $100 million. Later, revelations surfaced that Jones had taken $62 million from the company as a ‘member draw’. Let us tell you that during its climax phase, the company generated $20 million in revenue per year. In fact, between 2015 and 2022, InfoWars earned $53.2 million. The company made this bulk of fortune in a short span of 7 years. Indeed, the irony is this revelation came to the forefront during the defamation trial in August!
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