To make something more visible and more intriguing the correct way to do it is to try and hide it. This way, when it will be finally found it will attract so much attention that you’ll be in the limelight much longer than anyone expects.
This is the case with Alex Jones’s attempt to hide his fortune behind many shell companies and numerous accounts. Alex Jones is leading a giant misinformation operation and as such attracts much attention from the media. But now, it seems like he finally will pay the price for his wrongdoings.
How Much Is Alex Jones Worth? – The Trial Unveils A Shocking Number
On Thursday the judge in Austin decides that Jones will need to pay $4 million to the Sandy Hook family that is a victim of his misinformation. To avoid the decision, Jones made what he shouldn’t have done. The parent company of his media network, Free Speech Systems declares bankruptcy.
This move is seen as a diversion tactic by the legal team of the victim’s families. By doing this he delays, if not completely avoids the additional damage trials he faces.
Scarlett Lewis and Neil Heslin are parents of one of the victims in the 2012 shooting. Their 6-year-old son died in the incident. They hired lawyers and economic experts to investigate Alex Jones’s net worth. Moreover, to discover his income at the point of his career when he speaks about this shooting case.
The victim’s family, as well as the public, are in complete shock by what the investigation brought to light. At one point in 2018, Alex Jones was cashing more than $800 000 per day.
The economy expert, Bernard Pettingill who is a forensic economist and a former economics professor at the Florida Institute of Technology took the stand on Friday and put all of this to light. He brands Alex Jones as a ‘very successful man’ and concludes that he and his companies combined have a net worth of more than $270 million.
This is directly denied by Alex Jones’s lawyers stating that they “didn’t get any evidence as to what Alex Jones actually has today, we didn’t get any of what F.S.S. has today, what money they have, what assets they have to pay.”
However, Bernard has submitted very precise and correct evidence for his claims.
First, in the period between 2015 and 2018, Infowars made an annual revenue of about $54 million. Since then, in the following four years the revenue most likely jumps to $65 million annually. Secondly, at one point in his career, Alex Jones, as the CEO of the company received an annual payment of more than $6 million. Third, Free Speech Systems has marked a debt of $80 million to PQPR Holdings, a company to which Alex Jones is a manager.
In further investigations of PQPR Holdings, Bernard finds that the company is an empty ‘shell’ with no employees except Alex Jones. Meaning, that he uses the company to generate a ‘fake’ debt. This can be used to bankrupt the company if he faces a situation like the one he faces now.
The private investigation went through all possible resources. It managed to dig up all the dirt available on the controversial comedian and conspiracy theorist. The investigation reveals that Alex Jones is operating nine companies in total, some of them being real, while some are used as shell companies only.
“We can’t really put a finger on what he does for a living, how he actually makes his money.” – Bernard Pettingill says. “His organization chart is an inverted T, which means everything flows to Alex Jones. Alex Jones made all the major decisions, and I think Alex Jones knows where the money is.” – he adds. “He can say he’s broke, he has no money, but we know that’s not correct.”
All this wealth comes to light at the moment when Alex Jones claims that he is broke and declares bankruptcy. He is under oath for the trial. However, this did not stop him from lying to all of the victim’s families and to the court. This is not just morally wrong but is crooked in the worst possible way. It speaks much about Alex Jones’s personality.
“You may not tell this jury that you are bankrupt — that is also not true.” – the victim’s legal team states. They add that the discoveries point out on how he wants to do yet another fraud and avoid the payment.
According to the legal teams coupled together against Alex Jones, this is all staged with one main purpose – to extract as much money as possible from Alex Jones’s fans and followers. His crooked personality went to the extreme to try and pay for his wrongdoings with people’s money. However, at the moment it is still unknown if he can gather anything from them.
The economy expert, Mr. Pettingill concludes that after the de-platforming of the controversial conspiracy theorist, his revenue did not face any fall. Quite on the contrary, he marks a raise in revenue since 2018.
Jones managed to keep his revenue constant through the coronavirus pandemic with various donations and merchandise sales. The family’s lawyer, Wesley Ball added to this that he found out through text messages going from Jones himself, that he made a profit of about $4 million in one week. Which is huge for anybody, yet alone for someone that is selling ‘wind’.
Jones will need to pay $45 million to the victim’s family. However, this is not final. He might receive a reduction of the fine in the following appeal trial. Whatever Alex Jones’s penalty will be, he can afford to pay it – we can say this with certainty.
