A Connecticut jury awarded practically $1 billion in damages Wednesday to Sandy Hook households of their defamation swimsuit in opposition to far-right speak present host Alex Jones.
It begs the query: How a lot is Jones price?
In August, he claimed in testimony – in a swimsuit introduced in opposition to him in Texas – {that a} jury award of simply $2 million would destroy him financially.
Nonetheless, in that very same case, economist Bernard Pettingill, Jr. estimated Jones has a web price of between $135 million and $270 million.
Pettingill, Jr., who examined a number of years of information for Jones and Infowars’ mother or father Free Speech Programs, stated the speak present host used a collection of shell corporations to cover his cash.
Jones used two giant loans to make it seem he was broke when the truth is he was not, Pettingill, Jr. testified in August.
“Alex Jones is aware of the place the cash is, he is aware of the place that cash went and he is aware of that he’s going to finally profit by that cash,” Pettingill, Jr. stated.
After one of many jurors requested in regards to the distinction between Jones’ cash and his firm’s cash, Pettingill, Jr. stated “you can’t separate Alex Jones from the businesses. He’s the businesses.”
Jones “monetized his shtick,” he added, even suggesting that Jones might educate a school course about his methods.
Originally published at Irvine News HQ
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