Harvey Weinstein, once a prominent film producer and studio executive, is now known primarily for his criminal convictions and the scandals that led to his downfall.
At the peak of his career, Weinstein’s net worth was estimated at around $300 million, largely due to the success of The Weinstein Company.
However, following multiple sexual assault allegations that surfaced in 2017, his financial situation deteriorated drastically, and as of now, his net worth is estimated to be around $25 million.
In March 2020, Weinstein was sentenced to 23 years in prison for rape and sexual assault.
This sentence was extended in February 2023 when he received an additional 16 years after being found guilty on three more charges.
The financial repercussions of his legal issues have been significant; he has faced challenges in meeting spousal support obligations, even claiming to be too broke to pay his first wife and their children.
His financial difficulties were compounded by a reported $20 million divorce settlement with Georgina Chapman, as well as the extensive legal fees incurred in an attempt to fend off various lawsuits.
A judge temporarily halted a $5 million debt he owed after he stated he could not afford it, revealing the extent of his financial decline since the allegations surfaced.
In the months leading up to the public revelation of his sexual assault allegations, Harvey Weinstein engaged in a notable real estate divestment. Between October 2017 and April 2018, he sold six properties for a total of $56 million, netting approximately $18 million in profit over the original purchase prices.
One significant transaction included the sale of a New York City townhouse, which Weinstein had acquired in 2006 for $15 million. He sold it in March 2018 for $25.6 million, resulting in a substantial profit of about $10.65 million.
This series of sales occurred just before his arrest on rape charges on May 25, 2018, marking a striking contrast between his financial activities and the impending legal turmoil that would dramatically alter his life and career.
The timing of these sales raised questions about his financial foresight and whether they were an effort to liquidate assets in anticipation of the legal battles ahead.
About a year after his initial property sales, Harvey Weinstein sold a commercial building that he co-owned with his brother, netting an additional profit of $5 million, which would be split between them. This sale came amidst growing scrutiny of his finances and reputation.
Notably, one of Weinstein’s six initial real estate transactions closed just three days before the New York Times published its bombshell exposé on October 5, 2017, that would ignite the international scandal surrounding him.
In a prior transaction, in 2006, Weinstein sold a Manhattan property for $20.9 million to actor Robert De Niro. Following De Niro’s divorce, his ex-wife received the apartment, which she listed for sale in April 2024 for $20 million.
This sale represents a full-circle moment in the complicated financial web surrounding Weinstein, showcasing the interconnectedness of high-profile real estate dealings and the personal lives of influential figures in the entertainment industry.
