What is InfoWars media conspiracy theorist Alex Jones’ net worth? Free Speech Systems files for bankruptcy
The far-right agitator has been sued for $150 million by two families of Sandy Hook victims for conspiracy theories forwarded by Jones.
A company owned by right-wing conspiracy theorist Alex Jones filed for bankruptcy on Friday as the provocateur looks set to be hit with a significant financial penalty for comments made about the Sandy Hook shooting. The company, Free Speech Systems LLC, has been Jones’ primary source of income in recent years and is the parent company of Infowars.com.
Jones has been sued by numerous families of Sandy Hook shootings after alleging that the horrific attack, which claimed the lives of 20 students and six teachers, was a government hoax designed to promote a crackdown on gun rights.
A trial in Austin, Texas is underway to determine how much Jones will have to pay to two families who won a judgement against him. Jones is thought to have a personal wealth of around $5 million, but he is seeking to shield his companies from the compensation payments by seeking bankruptcy protections.
“Just two days before jury selection is due to begin in Connecticut, Mr. Jones has once again fled like a coward to bankruptcy court in a transparent attempt to delay facing the families that he has spent years hurting,” said Christopher Mattei, an attorney representing some of the Sandy Hook families.
How much could Alex Jones be ordered to pay to Sandy Hook victims?
Jones is the focus of a number of lawsuits from Sandy Hook families, each with their own settlement and compensatory statuses. However the case in Texas which seems to have sparked Friday’s declaration of bankruptcy could cost him $150 million if the jury grant the claimants’ request.
Mark Bankston, the lawyer representing the two families, has requested the huge amount in damages due to “the level of harm done in this case.”
In his opening statement, Bankston said: “Harm that was done to the parents, grieving parents of murdered children who have had to endure for 10 years, the most despicable and vile campaign of defamation and slander in American history.”
The figure of $150 million has been explained as $1 for each of the 75 million people who are thought to have believed the false information forwarded by Jones. The remaining $75 million is termed as compensation for the emotional and mental pain suffered as a result of the harassment promoted by Jones.
In the bankruptcy filing, Jones’ team claimed that Free Speech Systems had made $13.1 million in gross profit last year, and had made $9.3 million during the first five months of 2022. However documents submitted as part of the filing also claimed that, as of 31 May 2022, the company had $14.3 million in total liabilities and equity.