What is Joe Francis’ Net Worth?
|Net Worth||$25 Million|
|Country||United States Of America|
|Age||49 Years Old|
|Income||$5 Million (Per Year)|
Joe Francis is an American entrepreneur and film producer who has a net worth of $25 million. He is infamous for his Banned from Television and “Girls Gone Wild ventures”. He had been dealing with legal issues and financial difficulties for nearly a decade.
He faced lawsuits and other negative verdicts as a result of his involvement in illicit activities that led to one too many controversies. He’s been residing in Mexico as an exiled American since 2015.
Early Life And Education
Joseph R. Francis was born in Atlanta, Georgia, on April 1, 1973, to Raymond and Maria Francis. He attended a number of boarding schools after moving to Newport Beach, California, and subsequently Laguna Beach.
He attended the Business Administration program at the University of Southern California. Before earning a Bachelor’s Degree from the USC Entrepreneurial Program in 1995, he took a series of film and tv courses.
Joe Francis Wealth Over the Years
|Net Worth in 2022||$25 Million|
|Net Worth in 2021||$23 Million|
|Net Worth in 2020||$20 Million|
|Net Worth in 2019||$18 Million|
|Net Worth in 2018||$16 Million|
Also Read: Amber Heard's Net Worth
While working as a production assistant for Real TV at first, Francis came up with the idea for Banned from Television. Real TV broadcasts footage of unusual incidents that were rarely covered in the conventional media. Francis obtained the material through a licensing agreement, which he subsequently resold through infomercials.
In 1998, the first Banned from Television video was published, with two sequels in the same year. The assassination of Luis Donaldo Colosio, the rampage of circus elephant Tyke, and the executions of Roberto Girón and Pedro Castillo, among other events, were all featured in the series.
After seeing footage of female college students exposing their breasts during Mardi Gras and spring break while shooting Banned from Television, Francis became interested in filmmaking. Francis ended the series after three films because he found watching them back-to-back too unsettling due to the brutal material. Francis’ next business venture “Girls Gone Wild” was fueled by this footage.
In 1997, Francis started the Girls Gone Wild business by using direct-response marketing, such as infomercials, to promote DVDs he had made. Girls Gone Wild grossed almost $20 million in its first two years and featured scantily clad ladies in provocative circumstances.
The company also donated 100% of the proceeds from their Mardi Gras-themed DVDs to the Red Cross to aid Hurricane Katrina victims. Millions of dollars were made over the company’s lifetime, thanks to its relentless barrage of late-night infomercials.
In 2022, an episode of the TNT true crime anthology series Rich & Shameless titled Girls Gone Wild Exposed debuted. It includes testimonies from Joe Francis’ claimed victims as well as a taped verbal fight between Francis and his wife.
As of August 2022, Joe Francis has a net worth of $25 million estimated.
Girls Gone Wild Civil and Criminal Issues
Ashley Alexandra Dupré sued Francis and his company in 2007 alleging that they videotaped her without her agreement, but she withdrew the case once Francis produced footage showing her approval.
Four women sued Francis the following year, alleging that he had filmed them while they were minors. For a portion of the trial, Francis represented himself until he was found in contempt of court and fined $2,500 for asking a plaintiff if she was a prostitute.
In 2003, officials in Panama City Beach, Florida stepped in to stop the filming of Girls Gone Wild, forcing Francis to file a lawsuit against them for infringing on his First Amendment rights.
Francis pleaded guilty to record-keeping offenses and was sentenced to community service and a $1.6 million fine. He was sentenced to 339 days in prison and had to pay almost $60,000 in fines.
Girls Gone Wild Bankruptcy
After failing to comply with the requirements of his bankruptcy deal, a judge in the United States District Court issued an arrest order for Francis in 2015.
In 2013, Francis’s company, GGW Brands, which owns the Girls Gone Wild entertainment brand, declared bankruptcy. The bankruptcy was filed to keep Wynn Resorts from seizing the company’s assets to pay Francis’ gambling obligations.
Darnell Riley, a well-known conman, kidnapped Joe Francis from his Bel-Air home in 2004 and filmed him. Paris Hilton stepped in after learning of the scenario and assisted in the arrest of Riley. Riley’s plan to blackmail Francis for $500,000 included all of this.
Francis was charged with two counts of tax evasion by a grand jury in 2007. His lawyer said that a former accountant produced and filed tax returns for the businesses but did not present them to Francis. Francis pleaded guilty to filing a false return and bribing misdemeanors in 2009. He was given credit for his time served and ordered to pay the IRS $250,000 in reparations.
Other Criminal Issues
Francis was charged with five misdemeanor counts of false detention, one act of assault causing substantial bodily injury, and one count of dissuading a witness after bringing a group of three women to his home in 2011.
He could face a maximum sentence of five years in prison and/or a fine of $13,000. Francis was sentenced to 270 days in county jail, 36 months of probation, and completion of a Level 3 Anger Management course in 2013.
After pleading no contest to child abuse and prostitution charges in 2015, Francis was sentenced to 336 days in prison.
Joe Francis lost more than $2 million playing blackjack in a Las Vegas casino in 2007. When Francis exhibited no intention of ever paying the bill, the casino’s owner, Steve Wynn, became anxious. When Wynn was compelled to sue Francis, things began to spiral out of control.
In a defamation lawsuit against Francis in 2012, a jury awarded Steve Wynn $20 million after Francis claimed Wynn threatened to murder him over a gambling debt.
Judge Joanne O’Donnell lowered Wynn’s judgment to $19 million in 2012, claiming that the jury’s decision was “speculative” and centered on the jury’s disdain for Francis. Steve Wynn declared in a statement following his court triumph that he would donate all of his court-awarded monies to charity for mistreated women and injured warriors.
Abbey Wilson, who eventually became Francis’ girlfriend, was one of the girls featured in Girls Gone Wild videos. In 2014, Abbey Wilson and Francis had twins through IVF. Wilson’s iPad was stolen in 2013, and sex tapes of her and Francis were purportedly found on the device.
Abbey was reportedly facing kidnapping charges at one time and an amber warning was almost issued. Abbey’s lawyer stated that his client had sole custody of the twins on a temporary basis. Joe claimed in 2021 that he hadn’t seen his girls in over a week because Abbey had refused to comply with a court order allowing him to see the twins.
Joe Francis spent $6 million in 2002 on a property in Bel-Air. The property was auctioned off to Steve Wynn in 2019 after being foreclosed for several years owing to Francis’ legal problems. It was valued at $6.7 million when Francis lost the house to Wynn.
The IRS, on the other hand, quickly intervened and purchased the property from Wynn for $9 million. The property was later sold to Francis’ former next-door neighbor, Bassam Alghanim, by the IRS.
As of 2022, Joe Francis’s net worth is estimated at around $25 million. His maximum revenue comes from his business and producer career. For nearly a decade, he had been notorious for his legal and financial woes.
To be more specific, he has been convicted of assault causing grave bodily injury, tax evasion, false imprisonment, witness dissuasion, bribery, and record-keeping offenses; and has pled no contest to child abuse and prostitution at various times. He is making over $5 million per year currently.