Tom Girardi net worth
What is Tom Girardy’s Net Worth??
Tom Girardi is an American attorney who has a net worth of $100,000. Tom is probably best known as the ex-husband of “Real Housewives” actor Erica Jayne. They were married from 1999 to 2020. In 2015, Tom estimated his net worth to be around $264 million. In a 2020 court case, Tom testified that he was worth between $500 million and $80 million at some point recently, but by then he had no more money. It’s complicated and we’ll explain everything soon.
Before becoming famous, Tom was known in California as a very successful consumer attorney. Over decades of legal cases, Tom has won billions of dollars in judgments for his clients. His firm, Girardi & Keese, pioneered a contingency approach to major cases — clients don’t have to pay anything up front — and in return will retain 25-40% of the final judgment amount. These cuts made Tom very rich.
early career
Tom Girardi was born in June 1939. Girardi is a graduate of Loyola Marymount University, Loyola Law School and New York University.
In 1970, Girardi became the first California attorney to win more than $1 million for a medical malpractice case. He has taken on cases against Lockheed Corporation, the Los Angeles County Metropolitan Transportation Authority and Pacific Gas & Electric, among others. Girardi also took over seven major Hollywood studios. His famous case against Pacific Gas & Electric was the inspiration for the movie Erin Brockovich and awarded $333 million to 650 residents of Hinkley, California.
relation
In 1999, Tom married actress Erica Chahoy. By the time she was in her 20s, he was in her 60s. This is his second marriage and he is actually still in a heated argument with wife #1 over their assets. When they met, she was working as a waitress at a restaurant in Beverly Hills called Chasen’s, which Tom co-owned.
Decades later, Erika Jayne became famous on the reality TV series The Real Housewives of Beverly Hills. She started appearing on the show in 2015.
Tom and Erica announced their separation in November 2020 after 21 years of marriage.
Getty
bankruptcy
Tom is reportedly working to secure a loan for his law firm as Erika has grown to fame. According to the Los Angeles Times, Girardi estimated his net worth at $264 million in a loan application during the period. The document lists ownership of two private jets, $9 million worth of jewelry, $3 million worth of antiques and a Pasadena estate worth more than $10 million. He “conservatively” estimated that his firm’s 2016 legal costs would exceed $110 million.
In May 2021, Tom and Erica listed their Pasadena mansion for $13 million. Here is a video tour:
One of his creditors, Law Finance Group, reportedly became concerned when he checked Giraldi’s books and saw millions of dollars being transferred to an entity called EJ Global LLC, Erika’s entertainment company. The total amount transferred was reported to be in excess of $20 million.
Creditors sued for repayment, claiming their funds were used for Tom and Erica’s lifestyle. Tom called the claims “fraud.” They finally settled down.
Other creditors came forward, including a security company assigned to protect their Pasadena home, demanding $53,000, while Tom’s first wife claimed her $10,000-a-month alimony payments had stopped.
One of Girardi’s clients — a man who was burned in a 2010 PG&E pipeline explosion — came forward claiming that he didn’t receive the millions owed to him as a settlement. In January 2020, Girardi agreed to pay the man $12 million, but allegedly stopped payments after only $1 million. The family filed the lawsuit, relying on Girardi and Jayne’s assets worth about $23 million.
In December 2020, Tom and his law firm were forced into Chapter 7 bankruptcy. His creditors include two of his former legal partners, who claim to owe them $750,000 and $1.5 million, respectively. A month ago, a federal lawsuit accused Tom of misappropriating “millions” of dollars owed to customers.
According to the Los Angeles Times, Tom revealed in his testimony in late 2020:
“At one point, I had about $80 million or $50 million in cash. It’s all over. I do not have money.“
Upon inspection, Tom reports that his stock portfolio, once worth $50 million, is now only a few thousand dollars.
According to court testimony from a year ago, a creditor alleged that Girardi transferred $20 million to Erika’s entertainment company. Bankruptcy plaintiffs claim Tom and Erica’s divorce was a “scam” and she may be sitting on the $20 million. Other creditors have reportedly filed similar claims, saying Girardi did not send settlement money.
According to a legal request sent to Erika’s attorneys in August 2021, attorneys overseeing Girardi Keese’s bankruptcy claim Erika spent $25 million between 2008 and 2020 to pay for assistants, full-time glamour teams, PR agencies and dance agencies. cost. The letter claims Erika spent $14.25 million on her American Express card alone, according to the New York Post. The trustee asked Erica to repay $28 million, including interest and penalties. In response to the claims reported by the New York Post, Erika’s attorneys claimed that she “has never been and has not been personally liable for any debts or obligations of EJ Global LLC during… [and that] Erika has not received any money and has not received any money. We will seek appropriate remedies on Erika’s behalf from all responsible parties for such claims. “
