The name Tom Girardi, which was formerly linked to extravagant lifestyles and high- profile allegations, is now associated with caution. Girardi was formerly a well-known lawyer with a nine-figure net worth, but his financial status is currently obscured by uncertainty and legal issues.
This piece explores the factors that led to Tom Girardi’s enormous wealth and the controversies that may have contributed to its eventual demise as it digs into the emotional growth and fall of his net worth.
Who is Tom Girardi?
Tom Girardi is a lawyer from America. At his company, Girardi & Keese, the 83-year-old was well-known for being a very successful consumer attorney in California.
Taking on malpractice lawsuits, the powerful lawyer has obtained billion-dollar awards for his clients. In one of the firm’s most well-known cases, 650 Hinkley, California, homeowners won $333 million against Pacific Gas & Electric.
The case served as the basis for the film Erin Brockovich. In 1970, he became the first lawyer in California to be awarded over $1 million in a medical malpractice case.
Girardi was the first to take on large cases on a contingency fee basis, meaning that clients would pay nothing up in advance and would instead receive 25 to 40 percent of the total verdict amount.
He holds degrees from New York University, Loyola Marymount University, and Loyola Law School. He received an Alzheimer’s diagnosis in March 2021.
In February 2021, Robert, his brother, was given custody of the attorney.
Tom Girardi’s Net Worth in 2024
Celebrity Net Worth says that Attorney Tom Girardi is an American with a net worth of $100,000. The most well-known connection between Tom Girardi and the “Real Housewives” ensemble is probably their former marriage. Their marriage lasted from 1999 till 2020. Tom calculated his net worth to be approximately $264 million in 2015.
Tom stated in a 2020 court case that he had been valued between $50 and $80 million at one point recently, but that he had run out of money by then. Tom was accused of stealing $18 million from clients, including $3 million set aside for the victims of a 2018 Lion Air plane tragedy, by grand juries in both Los Angeles and Chicago in January 2023.
In August 2024 his conviction happened, and a potential 20-year sentence was imposed. Tom was 85 years old when he was found guilty. Before being well-known on reality TV, Tom was a very successful consumer attorney in California. Tom secured verdicts worth billions of dollars for his clients over several decades in court.
Girardi & Keese, his company, was the first to take on large cases on a contingency fee basis, meaning that clients paid nothing up in advance and would receive 25–40% of the whole value of the ultimate verdicts. Tom became immensely rich from these cuts.
Tom Girardi’s Assets, Cars, Houses
Art and Collectibles:
Girardi owned various valuable items, including a Steinway grand piano, a first-edition copy of Niccolò Machiavelli’s “The Works,” a sculpture by Glenna Goodacre, and artworks by Joan Miró and John Seward Johnson.
These items were auctioned off as part of his bankruptcy proceedings.
Jewelry and Antiques:
He owned $9 million worth of jewelry and $3 million worth of antiques.
Cars
There is no specific mention of cars in the sources provided, but it is known that Girardi had significant wealth and could have owned luxury vehicles.
Houses
Pasadena Mansion: Girardi and his wife Erika Jayne owned a large mansion in Pasadena, California, which was initially listed for $13 million in May 2021. The price was reduced multiple times before it was finally sold for $7.5 million in October 2022.
La Quinta Property: They also owned a condo in La Quinta, California, which was sold for $1.25 million to help pay off creditors.
Other Properties and Assets
Private Planes: Girardi owned two private planes, which were listed among his assets in a loan application.
Other Real Estate: There is no detailed information on other specific properties, but the sale of their main residences was part of the efforts to settle debts and pay off creditors.
Girardi’s financial situation has been severely impacted by allegations of embezzlement, bankruptcy, and the subsequent auctioning of his assets to pay off debts.
Use Wortholino to ensure you’re knowledgeable about celebrities’ wealth.