Following Cosby’s conviction and imprisonment for three counts of aggravated sexual assault, Bill Cosby’s life has irreversibly changed for the worse. After years of dominating the entertainment industry, one would think that his financial situation was forever stable.
However, now that he’s facing an additional 10 lawsuits for defamation levied from women who claim he lied about and denied their stories of sexual misconduct, his bills are piling up.
At the beginning of his retrial for sexual assault in 2018, attorneys revealed that Mr. Cosby paid Andrea Constand approximately $3.38 million in a 2006 settlement.
Moreover, Cosby had paid more than two dozen lawyers since his legal troubles first began. However, his legal fees haven’t been reported to the public.
In a report from Page Six, it was revealed that Cosby was attempting to acquire a $30 million loan against his townhouse in the Big Apple to pay off his lawyers.
In 1987, Cosby bought the home for $6.2 million, a significantly larger sum in 2018’s dollars when adjusted for inflation. Cosby also tried to have his insurance company, American International Group, cover his legal fees.
Surprisingly, Cosby actually won his case against AIG in 2016, and the insurance company had to pay for three of his defamation lawsuits. In 2017, the state of California also filed a tax lien, claiming that Cosby and his wife had to pay approximately $1,831,000 from the year of 2015.
While it’s currently unclear how much money Cosby has left, one thing is for certain: Cosby’s situation is no longer what it once was. Recently, Cosby put up three of his homes in Los Angeles for sale.
Two were listed at $5.7 million and $20 million. He sold a third home in 2015 for $11.8 million. Now, Cosby has a home in Massachusetts, a house in Philadelphia, and the townhouse in New York City. Cosby’s defamation lawsuits are currently ongoing.