Beautiful Virgin Islands

Tuesday, Aug 12, 2025

Alex Jones is trying to swing a bankruptcy plan where he still gets paid $520,000 a year

Alex Jones is trying to swing a bankruptcy plan where he still gets paid $520,000 a year

Jones owes close to $1.5 billion to the relatives of the Sandy Hook shooting victims, who sued him after he called the 2012 massacre a hoax.
Alex Jones' media company has proposed a bankruptcy plan that would still allow him to be paid $520,000 per year.

This plan would also see the far-right conspiracy theorist and podcaster paying less than 4% of what he owes the families of the Sandy Hook victims, over the next five years.

Jones owes around $1.5 billion to the relatives of the Sandy Hook shooting victims. They sued him after he called the 2012 massacre a hoax and said the families of 20 murdered children were crisis actors.

Jones and his company, Free Speech Systems — which he fully owns — filed for bankruptcy separately in December and July, respectively.

As part of the bankruptcy proceedings, Free Speech Systems filed a reorganization proposal on Tuesday. In the proposal, the company said it expects to make around $30 million annually from selling nutrition supplements like vitamin gummies and fish oil.

But only around $7 million to $10 million of that money would go to creditors each year, per the plan filed in the Texas Southern Bankruptcy Court, seen by Insider.

The rest of the money will be used for the cost of goods and operations expenses, as well as paying $520,000 each to Jones and a potential new chief operating officer.

Another $560,000 would be reserved for "executive incentive" bonuses. The plan states that these bonuses can be increased to a $1.26 million per year payout, by 2027.

Jones' pay and bonus would be part of a total of $3 million to $3.5 million spent on staff salaries per year. Free Speech Systems will spend another $839,000 on contract employees, $780,000 on hourly wages and overtime pay, and $352,000 on employee bonuses in 2023, per the company's proposal.

The firm had 45 employees as of December 31, its filing said.

Jones's InfoWars online store sells products such as turmeric toothpaste for $14.95, "Super Concentrated Beet Extract Essence" for $39.95, and t-shirts and accessories.

It sources some of its products from a company called PQPR Holdings, to which Free Speech Systems owes $54 million. PQPR Holdings is partially owned by Jones and managed by his father. Lawyers for the Sandy Hook families say the $54 million debt is just a tactic by Jones to stash away his fortune and prevent it from going to pay off the damages Jones now owes, per The New York Times.

Jones claimed on his InfoWars show in December that he was "officially out of money, personally."

"It's all going to be filed. It's all going to be public. And you will see that Alex Jones has almost no cash," he said on his show, per CBS News.

However, a forensic economist testified in August that Jones and Free Speech Systems have a combined net worth of up to $270 million.

In December, Jones asked a judge to restore his annual salary to $1.3 million — what he used to make before Free Speech Systems went bankrupt.

Jones also recently gave more than $1.3 million to his wife and parents, according to a February 14 bankruptcy filing.

Meanwhile, the right-wing conspiracy theorist accused authorities of trying to seize his cat in bankruptcy proceedings and claimed it was harassment. He estimated that the cat, Mushu, is worth around $2,000.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Trump Proposes Land Concessions to End Ukraine War
New Road Safety Measures Proposed in the UK: Focus on Eye Tests and Stricter Drink-Driving Limits
Viktor Orbán Criticizes EU's Financial Support for Ukraine Amid Economic Concerns
South Korea's Military Shrinks by 20% Amid Declining Birthrate
US Postal Service Targets Unregulated Vape Distributors in Crackdown
Duluth International Airport Running on Tech Older Than Your Grandmother's Vinyl Player
RFK Jr. Announces HHS Investigation into Big Pharma Incentives to Doctors
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Security flaws in a carmaker’s web portal let one hacker remotely unlock cars from anywhere
Street justice isn’t pretty but how else do you deal with this kind of insanity? Sometimes someone needs to standup and say something
Armenia and Azerbaijan sign U.S.-brokered accord at White House outlining transit link via southern Armenia
Barcelona Resolves Captaincy Issue with Marc-André ter Stegen
US Justice Department Seeks Release of Epstein and Maxwell Grand Jury Exhibits Amid Legal and Victim Challenges
Trump Urges Intel CEO Lip-Bu Tan to Resign Over Alleged Chinese Business Ties
Scotland’s First Minister Meets Trump Amid Visit Highlighting Whisky Tariffs, Gaza Crisis and Heritage Links
Trump Administration Increases Reward for Arrest of Venezuelan President Maduro to Fifty Million Dollars
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
OpenAI Launches GPT‑5, Its Most Advanced AI Model Yet
Embarrassment in Britain: Homelessness Minister Evicted Tenants and Forced to Resign
President Trump nominated Stephen Miran, his top economic adviser and a critic of the Federal Reserve, to temporarily fill an open Fed seat
The AI-Powered Education Revolution: Market Potential and Transformative Impact
Chikungunya Virus Outbreak in Southern China: Over 7,000 Hospitalized
French wine makers have seen catastrophic damage to vines that were almost ready to be harvested after the worst fires in more than 70 years burned through the south of the country
US Lawmaker Probes Intel CEO’s China Ties Amid National Security Concerns
Brazilian President Lula says he’ll contact the leaders of BRICS states to propose a unified response to U.S. tariffs
Trump Open to Meeting Putin as Soon as Next Week, with Possible Trilateral Summit Including Zelenskiy
Katy Perry and Justin Trudeau spark dating rumors, joining high stakes world of celeb-politician romances
US envoy Steve Witkoff arrived in Moscow to seek a breakthrough in the Ukraine war ahead of President Trump’s peace deadline
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Karol Nawrocki Inaugurated as Poland’s President, Setting Stage for Clash with Tusk Government
Trump Signals JD Vance as ‘Most Likely’ MAGA Successor for 2028
US Charges Two Chinese Nationals for Illegal Nvidia AI Chip Exports
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
U.S. Tariff Policy Triggers Market Volatility Amid Growing Global Trade Tensions
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
Representative Greene Urges H-1B Visa Cuts Amid U.S.-India Trade Tensions
U.S. House Committee Subpoenas Clintons and Senior Officials in Epstein Investigation
Sydney Sweeney Registered as Republican as Controversial American Eagle Ad Sparks Debate
Trump Accuses Major Banks of Politically Motivated Account Denials and Prepares Executive Order
TikTok Removes Huda Kattan Video Over Anti-Israel Conspiracy Claims
Trump Threatens Tariffs on India Over Russian Oil Imports
German Finance Minister Criticizes Trump’s Attacks on Institutions
U.S. Proposes Visa Bond of Up to $15,000 for Some Applicants
U.S. Farmers Increase Lobbying Amid Immigration Crackdown
Elon Musk Receives $23.7 Billion Tesla Stock Award
Texas House Paralyzed After Democrats Walk Out Over Redistricting
Mexican Cartels Complicate Sheinbaum’s U.S. Security Talks
×