Is Alex Jones Broke? What We Know
Published By admin with Comments 0
Conspiracy theorist Alex Jones’ financial woes have been further highlighted after he asked to liquidate his personal assets amid pressure from the families of the Sandy Hook Elementary School massacre.
The controversial Infowars founder asked a court on Thursday to convert his personal bankruptcy filing into a Chapter 7 liquidation as “there is no reasonable prospect of a successful reorganization” of his debts, reported CNN and Reuters.
Jones’ money issues stem from the near $1.5 billion he was ordered to pay the families of the 2012 school shooting after falsely claiming on his Infowars show that the attack—which left 26 people dead, including 20 children—was a hoax, and that the grieving parents were “crisis actors.”
A Chapter 7 liquidation does not mean Jones can avoid paying the legal penalties stemming from the defamation suits filed by the numerous families of victims of the Sandy Hook shooting. Instead, there will be a procedure for Jones to sell off his assets under the supervision of a court-appointed trustee.
Newsweek has contacted Jones’ office via email for comment.
The move means that Jones will have to sell off Infowars, a media empire known for spreading conspiracy theories and other falsehoods. Jones has already been given permission to sell his $2.8 million Texas ranch in order to help pay off his debts.
Jones’ personal wealth is still unclear. According to a Huffington Post investigation in 2022, he made $165 million from sales alone from his Infowars store, which has items such as dietary products and survival gear, between September 2015 to the end of 2018.
Content retrieved from: https://www.newsweek.com/alex-jones-bankrupt-infowars-sandy-hook-liquidation-1909459.
