Your tip
RadarOnlineRadarOnline
BREAKING NEWS

Alex Jones Blows Through Millions Despite Being Ordered to Pay Nearly $1.5 Billion to the Families of Sandy Hook Victims

alex jones pp
Source: mega

Sep. 16 2023, Published 5:00 p.m. ET

Link to FacebookShare to XShare to Email
Getting your Trinity Audio player ready...

Conspiracy theorist Alex Jones, known for spreading false information about the Sandy Hook shooting, is reportedly facing financial troubles after filing for bankruptcy in the wake of being ordered to pay nearly $1.5 billion to the families of the victims of the tragedy, RadarOnline.com has learned.

Despite this, Jones has allegedly been indulging in lavish spending, depleting his funds in just a few short months.

Article continues below advertisement
Embedded Image
Source: Mega

Alex Jones still owes $1.5 billion to the families of the victims of Sandy Hook.

The legal battle began when Jones was ordered by a judge to pay $965 million in compensatory damages to the victims of the 2012 shooting, whom he had falsely accused of being crisis actors.

Additionally, he was hit with an additional $473 million in punitive damages. However, his bankruptcy filing has made it difficult for the victims to collect the funds owed to them.

Article continues below advertisement
alex jones companies infowars bankruptcy sandy hook lawsuits png
Source: Mega

Alex Jones transferred millions in assets to family and friends.

Article continues below advertisement

According to a UK Daily Mail report, Jones has been splurging on extravagant assets, including four cars valued at $219,690 and two boats worth $114,300.

In addition, he still lists his $2.6 million Austin, Texas, home as an asset despite transferring the deed to his wife in February. He also owns a $1.7 million lake house property located 20 miles away, a $2.1 million ranch property, and a $505k rental property, according to documents submitted to Houston’s bankruptcy court.

Never miss a story — sign up for the RadarOnline.com newsletter to get your daily dose of dope. Daily. Breaking. Celebrity news. All free.

MORE ON:
Alex Jones
Article continues below advertisement
alexjones
Source: Mega

Jones said he had total assets of $5.5 million but that doesn’t account for his businesses.

Article continues below advertisement

It is reported that Jones has also spent $2,816 on Apple, Netflix, and Hulu subscriptions. As of July 31, he had nearly $800k in his bank account, but since filing for bankruptcy, he has spent a staggering total of $2,207,384, which includes legal and professional fees.

It is worth noting that Jones reportedly earned over $1 million in salary from InfoWars and other sources. When he filed for bankruptcy in December, his assets were estimated to be worth between $1 million and $10 million, while his liabilities were listed as anywhere between $1 billion and $10 billion.

The families affected by the Sandy Hook shooting have expressed their concern over Jones' lavish spending.

Article continues below advertisement
Source: radar

In an August 29 filing, their attorneys demanded that he reduce his personal expenses to "a reasonable level." If he fails to comply, they plan to ask the judge to bar him from further wasting estate assets, appoint a trustee to oversee his spending, or even dismiss the bankruptcy case altogether.

Despite his financial troubles, Jones continues to solicit money from his radio audience to cover his legal fees. However, he has shown no signs of curbing his extravagant lifestyle. He told his audience, "If anything, I like to go to nice restaurants. That is my deal."

He attempted to justify his spending habits by stating, "I like to go on a couple of nice vacations a year, but I think I pretty much have earned that in this fight."

Advertisement

DAILY. BREAKING. CELEBRITY NEWS. ALL FREE.

More From Radar Online

    Opt-out of personalized ads

    © Copyright 2024 RADAR ONLINE™️. A DIVISION OF MYSTIFY ENTERTAINMENT NETWORK INC. RADAR ONLINE is a registered trademark. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. People may receive compensation for some links to products and services. Offers may be subject to change without notice.